What is the Role of Bank PO? Duties And Responsibilities
The role of Bank PO is to work as a Public Relation Officer, handle customer complaints and address various customer-related issues. The Probationary officer is a managerial-level post offered by the various public sector banks in India. Read here for more details on the role of Bank PO.
What is the Role of Bank PO?
What is the Role of Bank PO?: The job of Bank PO or Bank Probationary Officer (PO) is considered a lucrative career option. Every year lakhs of aspirants apply for Bank PO exams conducted by various banking authorities such as SBI, IBPS, etc. The job offers a high career growth and prospects for a bright future in banking. Bank PO is one of the most sought-after posts in the banking sector. The Probationary officer is a managerial-level post offered by the various public sector banks in India. Recruitment of Bank PO in various public sector banks in India is done based on the various exams. Some of the renowned Bank PO exams in India are SBI PO, IBPS PO.
The probation period of Bank PO is two years. During these two years, they undergo an intensive training programme. The role of Bank PO is to work as a Public Relation Officer, handle customer complaints and address various customer-related issues. In this article, we have explained the role of bank PO.
Also Read: SBI PO
What is the Full Form of Bank PO?
The full form is Bank PO is Bank Probationary Officer. It is one of the most reputed job profiles in the country. The selection process of Bank PO comprises prelims exam, mains exam and interview.
What is the Eligibility for Bank PO?
To apply for various Bank PO exams, candidates need to fulfill the required eligibility criteria. Bank PO eligibility are certain parameters in terms of age limit, educational qualification and nationality. Bank PO eligibility is given below:
Nationality: Candidate must be a citizen of India
Age limit: The general age limit to apply for a bank PO exam is between 20 and 30 years. Relaxation in the age limit is given to candidates belonging to reserved categories.
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Bank PO Qualification: Candidate must at least have a Bachelor’s degree from a Government recognised University to fulfil the bank PO eligibility.
What is Role of Bank PO During Probation Period?
During the probation period, Bank PO is trained to get familiar with the different functions of the various departments as well as the banking operations. The role of Bank PO during Probation Period is given below:
- Candidates are imparted practical training in different departments like finance, marketing, billing, accounts, and investment. Through this training candidates are made more knowledgeable and experienced at their work
- The role of Bank PO is issuing chequebooks, ATM cards, and demand Drafts, checking for discrepancies in the accounts, managing all kinds of customer queries, and managing the correction of undue charges
- Candidates are trained the basics of managerial tasks. They have to perform several tasks like verifying documents, supervising the clerical works, managing the cash balance, etc.
- Once the probationary period is over, the employees are required to sit for an internal screening as well as a promotion test. On clearing this test they are promoted to scale-2 directly
What is the Role of Bank PO After Confirmation?
The role of Bank PO after completing the probation period is given below:
- After the probation period is successfully completed, the employees are posted in any branch of the bank as assistant bank manager. They are required to manage daily customer transactions like passing a cheque, draft issuance, etc.
- Bank PO is required to work towards improving the banks’ businesses by properly managing the cash flow, loans, mortgages, and other finances
- Bank PO handles customer complaints. They also deal with any discrepancy issues in the client’s accounts
- They are also assigned banking tasks like planning, budgeting, loan processing and approval, investment management, etc.
- Bank PO is also responsible for verifying all the tasks that the clerk does
- Bank PO need to take the responsibilities for loan-related documents and site visiting if necessary in case of loan approvals in some cases
Salary of Bank PO
The initial in-hand salary package offered to an IBPS Probationary Officer is INR 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around INR 57,000 and after a deduction, the net in hand salary remains around INR 52,000 to 55,000.
The initial in-hand salary of SBI PO ranges between INR 52000- INR 55000 per month with the basic pay of INR 41,960. The Gross compensation received lies between INR 8.20 Lakhs (minimum) to 13.08 lakhs (maximum) per annum. The SBI Probationary Officers are eligible for Lease Rental/ HRA, DA, Medical, CCA and other allowances besides basic pay. The amount varies with the location of the job posting.
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Bank PO Career Growth
Banks conduct internal examinations at regular intervals for the process of promotion. Apart from these internal examinations, one also gets promoted based on their seniority. Career growth of Bank PO is given below:
- Probationary Officer (PO)
- Assistant Manager
- Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General manager
- Chief General Manager
A mass communication and journalism post-graduate, Anangsha has worked as a reporter and sub-editor and enjoys working in the education domain.