PO Full Form: SBI PO, IBPS PO, Salary, Roles & Responsibilities, Selection Criteria and Exam Pattern 2024

PO Full Form Overview

PO full form in banking is the probationary officer. In Indian banks, new hires are given this entry-level position. The Probationary Officer (PO) position is one of the most interesting jobs in the banking industry, aside from management trainees and special officers. Due to the fact that recruits are required to serve a set period of probation, this position is classified as a probationary officer.

What is PO Full Form in Banking?

Bank PO is the full form for a Bank Probationary Officer. It is a managerial-level position that is available throughout India in both Public Sector Banks and Private Sector Banks. A fascinating job in the banking industry, aside from Management Trainees and Special Officers, is Probationary Officer (PO). Since recruits are required to complete a certain length of probationary time, this term is described as a Probationary Officer.

Currently, there is a lot of demand for banking employment. Another of those profiles is the P.O. at the bank. In the financial sector, they are sometimes referred to as Junior Management Grade-1 (JMG-Scale 1). The trainee must complete tasks assigned by their superiors throughout the probationary period and work in several bank departments, including initial registration, check handling, and currency exchange.

PO Full Form: Roles and Responsibilities

1. The primary responsibilities of a Bank P.O. include handling public relations, client complaints, and finding solutions to problems to improve customer satisfaction.
2. They will also be in charge of managing the office staff at the branch.
3. A bank probationary officer will also oversee foreign currency, mortgages, loans, and other financial issues.
4. They have the power to manage loan paperwork in specific circumstances.

Three categories can be used to group the duties of a bank PO:

• Banking in general: This includes all of the key tasks of a bank, such as issuing draughts and checks, processing loans, maintaining current and savings accounts, and so on.
• Monitoring responsibilities: assigning responsibilities to staff members and ensuring that all work is carried out in accordance with bank policies and procedures
• Misc: Other small banking tasks may be assigned to a Bank Probationary Officer under this category, and a P.O. should be familiar with all of them before being promoted to the next level.

PO Full Form in Banking Highlights

The following are some of the details about the PO full form in Banking:

PO Full Form Eligibility Criteria

• An applicant who wishes to apply for a Bank PO must graduate from a recognized board.
• For the candidates applying for this entrance exam, there is an age restriction, and there is some caste-wise age relaxation.
• For instance, OBC applicants are relaxed for three years of age and SC / ST students are relaxed for five years of age.

PO Full Form in Banking Important Facts

The age bracket mentioned above is applicable to applicants belonging to the General category only. An age relaxation of 3 years is applicable for applicants belonging to the OBC category. On the other hand, applicants belonging to SC or ST category will get an age relaxation of 5 years.

The nationality or citizenship of the applicant who appears for the IBPS CWE or Bank PO examination can be one of the following:

• Indian
• A subject of Nepal or Bhutan
• A Tibetan refugee who entered India for permanent settlement before 1 January 1962
• Person of Indian Origin (PIO) who has migrated from Pakistan, Vietnam, Myanmar, Sri Lanka, or one of the listed East African countries.

PO Full Form Job Profile

A Probationary officer (PO) job description or job profile in a bank includes a variety of responsibilities. The following is a list of some of these responsibilities:

1. Public relations, customer complaints, and the majority of other matters relating to customer satisfaction will be handled by the Bank PO.
2. He or she will be in charge of managerial tasks like managing the branch office's administrative employees.
3. Additionally, a bank PO will be responsible for overseeing loans, finances, and mortgages.
4. He or she will be in charge of managing the loan-related paperwork as well (if required).

 PO Full Form Exam Application Fee

The application fees for the Bank PO examination are as follows:

1. For SC, ST, and other backward classes it is Rs.175 only.
2. For the General category and other categories, it is Rs.850 only.

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PO Full Form Salary

The Bank PO salary is one of the most crucial considerations for the thousands of applicants who apply for the Bank PO tests each year.

Visit the Bank PO salary page if you're an applicant looking for the Probationary Officer wage structure for any Public Sector or Private Sector Bank.

The Bank PO pay is briefly provided below for the candidates' reference:

*The increments, perks, and other benefits that are given to a Bank PO employee are not included in the above-mentioned Bank PO salary details.* 

PO Full Form Selection Process

In the Bank PO selection process, an applicant will be required to go through 3 phases as follows:

• Preliminary Exam
• Mains Exam
• Group Discussion and Interview

PO Full Form: Which One is Better SBI PO or IBPS PO?

The key distinction between these exams is that IBPS is for all nationalized banks that participate in the recruiting, whereas SBI is solely for SBI. SBI PO is on a somewhat higher level than IBPS PO.

Read More:

PO Full Form: IBPS PO Exam Pattern

The IBPS PO Selection Process consists of three stages: preliminary exams, main exams, and interviews. To be included on the shortlist for the positions, an applicant must advance through each round. You must be familiar with the exam's format and comprehensive material in order to succeed on the IBPS PO exam. You can use this to wisely prepare for the IBPS PO Exam. Read about the 2023 IBPS PO Syllabus and Exam Pattern below.

IBPS PO Preliminary Exam Pattern 2024

Candidates have a total of one hour to complete the IBPS PO preliminary test, which will be administered online. There are three sections, a total of 100 questions, and a 100-point cut-off. In the IBPS PO preliminary test, negative marking is used, and 0.25 marks are deducted for each incorrect response attempted by a candidate. To be eligible for the IBPS PO Mains test, you must pass the cut-off in each of the three sections.

IBPS PO Prelims Exam Pattern 2024

IBPS PO Mains Exam Pattern 2024

• IBPS has introduced a Descriptive Paper in its Mains Examination where candidates will be judged on their written skills. An essay and a letter will be given to candidates to write that will constitute 25 marks and that has to be completed in a time span of 30 minutes.

• The overall time allotted for each section has also been changed.

• No separate paper will be conducted for Computer Applications. The reasoning is teamed up with the Computer Aptitude section and this entire section will contain 45 questions for a total of 60 marks.

• There will be a penalty of 0.25 marks for wrong answers marked in the Objective Tests.

• The overall time allotted for IBPS PO 2023 Mains Objective Exam has also been changed from 140 minutes to 180 minutes plus 30 minutes for the descriptive test. In total, the time for IBPS PO Mains is 3 hours and 30 minutes. 

• The tests of Reasoning Ability & Computer Aptitude, English Language and Data Analysis & Interpretation are divided into two parts: Section A and Section B. All questions in both sections (A & B) are compulsory. Some questions will be of 2 marks and some questions will be of 1 mark.

IBPS PO Interview 2024

Lastly, IBPS reaches candidates who clear the Main Exam to arrange an interview date. The minimum score required to advance to the interview process, which weighs 100 points, is 40% for general candidates and 35% for SC/ST/OBC/PWD candidates.

Negative Marking:

For each incorrectly answered question in the IBPS PO 2023 preliminary exam and IBPS PO 2023 main exam, 0.25 marks will be deducted as negative marking. Although no points will be deducted if a candidate leaves a question unanswered or blank.

Final Selection:

The candidate will be chosen for the Probationary Officer position after being interviewed and having their overall Main Exam score totalled. Both of these examination phases will carry an equal weight in the ratio of 80:20. After the IBPS PO 2023 Exam Interview Process is completed, a merit list will be created. The joining letter will thus be provided to candidates who make the list by the bank of their preference.

PO Full Form: SBI PO Exam Pattern

The SBI PO examination is held by the State Bank of India to fill vacant Probationary Officer (PO) positions in its branches all over the nation.

Like all previous tests, the SBI PO Exam 2023 will be administered in three phases:

• Prelims Stage
• Mains Stage
• Interview Stage

SBI PO Prelims Exam Pattern

Candidates must clear the SBI PO Prelims as the first stage. The preliminary exam pattern is as follows:

*Every question a candidate answers incorrectly will result in a 0.25 mark deduction. If a candidate skips a question or leaves it blank, there will be no point deduction.*

SBI PO Mains Exam Pattern:

After passing the preliminary examination, applicants qualify for the SBI PO Mains. The following are the main exam pattern details:

*In objective tests, incorrect responses will be penalized. 1/4 of the marks are deducted for each question that the candidate answers incorrectly. To arrive at a revised score, the question will be penalized. There is no penalty for a question that is left unanswered by the candidate or if the candidate does not mark a response. *

SBI PO Interview Stage:

A candidate who passes the SBI PO 2023 preliminary and main exams will also be invited to a GD-PI session, where they will communicate with a panel of selectors about their experiences and answer questions about general knowledge and the banking system.

PO Full Form: Banks that Participate in PO Entrance Exams

• C.B.I. Bank( Central Bank of India)
• O.B.C. Bank ( Oriental Bank of Commerce)
• Bank of India
• Canara Bank 
• Indian Overseas Bank (IOB)
• Union Bank of India (U.B.I.)
• UCO Bank is a financial institution in the United Kingdom.
• Bank of Baroda (BoB)
• Punjab National Bank (Punjab)
• Reserve Bank of India
• Bank of Punjab and Sindh