Role of IBPS in Bank Recruitment: Check Exams, Selection Process & Salary

Role of IBPS in Bank Recruitment: Check Exams, Selection Process & Salary

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Anangsha
Anangsha Patra
Deputy Manager – Editorial
Updated on Nov 3, 2023 13:02 IST

IBPS is the recruitment body entrusted with the responsibility to conduct various exams such as IBPS PO, IBPS RRB, IBPS Clerk, IBPS SO, etc. There are 11 public sector banks in India and 43 Regional Rural Banks participating in the recruitment process conducted by IBPS. Check here the role of IBPS in bank recruitment. 

Role of IBPS in Bank Recruitment

Role of IBPS in Bank Recruitment

The Institute of Banking Personnel Selection or IBPS is a government-owned recruitment body entrusted with the responsibility of conducting the major bank exams in the country. Through the various exams conducted by IBPS, candidates are recruited to the post of Probationary Officers (PO), Specialist Officers (SO), Clerks in the Public Sector banks as well as Regional Rural Banks. There are 11 public sector banks in India and 43 Regional Rural Banks participating in the recruitment process conducted by IBPS. The various exams conducted by IBPS include IBPS PO, IBPS SO, IBPS Clerk and IBPS RRB.

IBPS Selection process is different for different exams. For eg: IBPS Clerk selection process includes prelims and mains exams. IBPS PO selection process comprises prelims, mains and interview. Candidates find immense career opportunities after cracking the various exams conducted by IBPS. Read below for more details on the role of IBPS in bank recruitment.

What is the Role of IBPS in Bank Recruitment?

IBPS provides its service to all Public Sector Banks such as SBI, RBI, NABARD and IDBI. In addition, Regional Rural Banks, SIDBI, LIC & General Insurance Companies, Co-Operative Banks, many Public Sector Undertakings in Non-Financial sectors, government departments, State owned companies and corporations also avail its services. During the year 2022-2023, a total of 87.60 lakh candidates registered for various IBPS examinations. The details regarding the various IBPS exams are given below:

IBPS PO

IBPS PO exam is conducted every year for recruitment to the post of Probationary Officer/Management Trainee (PO/MT) in 11 Public Sector Banks in India. IBPS CRP PO/MT exam comprises the preliminary exam, mains exam, and interview. In 2022-23, a total of 6.52 lakh candidates had registered for the IBPS PO exam. Out of which 4.61 lakh candidates had appeared for the exam. The basic IBPS PO salary is INR 36,000. Besides, candidates get other allowances such as Dearness Allowance(DA), House Rent Allowance(HRA), City Compensatory Allowance (CCA), and Special Allowances. The pay scale is INR 23,700-(980 / 7)-30,560-(1145 / 2)-32,850-(1310 / 7)-42,020 (INR 980 is the annual increment that add up to the IBPS PO salary and is applicable for seven years).

IBPS Clerk

IBPS Clerk exam is conducted annually to recruit candidates for the post of Clerks in the Public Sector Banks. The selection process of IBPS Clerk include prelims and mains exams. IBPS Clerk salary is INR 28,000 to 30,000 per month. The starting basic salary is INR 19, 900 including dearness allowance, house rent allowance, medical allowance, and transport allowance.

IBPS SO

IBPS SO exam to recruit Specialist Officers in various public sector banks. Candidates selected through IBPS SO exam are recruited to the various posts, such as Agriculture Field Officer, Marketing Officer, HR/Personnel Officer, IT Officer, Law Officer, and Rajbhasha Adhikari. Selection of candidates is done in three phases-prelims, mains, and personal interview.

IBPS RRB

IBPS RRB recruitment is conducted by IBPS to select candidates for Officers Scale 1, 2 & 3 and Office Assistant (Multipurpose). Recruitment is carried out for various Group A and B posts. The posts announced under IBPS RRB exam are given below.

Post Name Post Name

Office Assistant

Marketing Manager

Treasury Manager 

Officers Scale I

Banking Officer Scale-II

Agriculture Officer (Grade-II)

Law Officer (Grade-II)

Chartered Accountant (Grade-II)

IT Officer (Grade-II)

Officer (Grade III)

For Officer level posts, candidates are selected based on preliminary exam, mains/single-level exam, and interview. For Office Assistant (Multipurpose)/Clerk post, candidates are selected based on preliminary and mains exams. Candidates provisionally shortlisted are allotted to one of the participating RRBs based on the number of vacancies and merit-cum-preference.

IBPS Participating Banks

The list of banks that participates in the recruitment process of IBPS are given below.

Participating Public Sector Banks

A total of 11 banks participate in the recruitment process of IBPS PO, Clerk and SO.

Participating Bank

Participating Bank

Bank of Baroda

Canara Bank

Indian Overseas Bank

UCO Bank 

Bank of India

Central Bank of India 

Punjab National Bank

Union Bank of India

Bank of Maharashtra

Indian Bank

Punjab & Sind Bank

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Participating RRBs

A total of 43 RRBs are participating in the recruitment process of IBPS RRB. Given below is the list of IBPS RRB participating banks.

Name of RRBs

State / UT

Andhra Pradesh Grameena Vikas Bank

Telangana

Andhra Pragathi Gramin Bank

Andhra Pradesh

Arunachal Pradesh Rural Bank

Arunachal Pradesh

Aryavart Bank

Uttar Pradesh

Assam Gramin Vikash Bank

Assam

Bangiya Gramin Vikash Bank

West Bengal

Baroda Gujarat Gramin Bank

Gujarat

Baroda Rajasthan Kshetriya Gramin Bank

Rajasthan

Baroda U P Bank

Uttar Pradesh

Chaitanya Godavari Grameena Bank

Andhra Pradesh

Chhattisgarh Rajya Gramin Bank

Chhattisgarh

Dakshin Bihar Gramin Bank

Bihar

Ellaquai Dehati Bank

Jammu & Kashmir

Himachal Pradesh Gramin Bank

Himachal Pradesh

J & K Grameen Bank

Jammu & Kashmir

Jharkhand Rajya Gramin Bank

Jharkhand

Karnataka Gramin Bank

Karnataka

Karnataka Vikas Grameena Bank

Karnataka

Kerala Gramin Bank

Kerala

Madhya Pradesh Gramin Bank

Madhya Pradesh

Madhyanchal Gramin Bank

Madhya Pradesh

Maharashtra Gramin Bank

Maharashtra

Manipur Rural Bank

Manipur

Meghalaya Rural Bank

Meghalaya

Mizoram Rural Bank

Mizoram

Nagaland Rural Bank

Nagaland

Odisha Gramya Bank

Odisha

Paschim Banga Gramin Bank

West Bengal

Prathama UP Gramin Bank

Uttar Pradesh

Puduvai Bharathiar Grama Bank

Puducherry

Punjab Gramin Bank

Punjab

Rajasthan Marudhara Gramin Bank

Rajasthan

Saptagiri Grameena Bank

Andhra Pradesh

Sarva Haryana Gramin Bank

Haryana

Saurashtra Gramin Bank

Gujarat

Tamil Nadu Grama Bank

Tamil Nadu

Telangana Grameena Bank

Telangana

Tripura Gramin Bank

Tripura

Utkal Grameen Bank

Odisha

Uttar Bihar Gramin Bank

Bihar

Uttarakhand Gramin Bank

Uttarakhand

Uttarbanga Kshetriya Gramin Bank

West Bengal

Vidharbha Konkan Gramin Bank

Maharashtra

Other Roles of IBPS

Besides providing various banking services, there are some other roles of IBPS. These are listed below:

  • Helps in assisting in conducting examinations for recruitment and promotion
  • Offers Assessment centres to help organisations identify the knowledge and skills of applicants for the suitable positions
  • Organises workshops for people who design their own question papers
  • Conducts Training programmes for senior staff to help them develop their observational skills
  • Conducts promotional exams
  • Provides experts who can conduct interviews or group exercises effectively
About the Author
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Anangsha Patra
Deputy Manager – Editorial

A mass communication and journalism post-graduate, Anangsha has worked as a reporter and sub-editor and enjoys working in the education domain.