TNPSC Group 2 & 2A Exam Official Notification 2024
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A Probationary Officer (PO) is an entry-level employee in a bank appointed to handle the overall banking management within the banking sector. Probationary Officers join the bank at a junior level. During the probation period, they need to work in an entry-level office in the bank for two years, and later they are promoted to assistant Managers of Scale 1.
Here are the job profile of a PO in Bank. The assistant manager works closely with the branch manager to ensure that all the processes and services a bank offers run smoothly. He assists in directing and managing the tellers’ and loan officers’ jobs. He makes daily schedules and duties as well as trains the newly hired employees with the using of the machines and the like.
An assistant manager is just as responsible as the manager for the overall success or failure a branch faces.
A bank PO is responsible for assisting the branch manager in training all the employees to do their job well. They help in the budgeting of the bank’s expenses and help create a fool-proof daily routine that the employees can follow.
While on the job, here are some of the important responsibilities of probationary officer (or Assistant Manager) in banks.
Read on to find all of the essential roles and responsibilities of a Probationary Officer in a bank. Here’s a summary of what we’ll cover:
Let’s get right into it:
A bank Probationary Officer has to work towards augmenting the bank’s business by managing cash flow, loans, mortgages, and finance. With time the bank PO may get other responsibilities like preparing and processing the loan document, validating the loanee, and investment management.
Bank Probationary Officer is also the maker of the loan, and the branch manager is the checker of the loan. Sometimes he has to perform the on-site visits to the loanees as and when required.
All banks rely on customers for their business. So servicing the customer is the foremost necessity for an officer by giving them the information they asked.
As a bank Probationary Officer, you will be asked to look into customers coming for opening new accounts, ATM cards, deposits, receipts, loans, chequebooks etc.,
With the introduction of core banking solutions, all the work done in a day should be properly closed to avoid any mismatch. While every employee has some day-end work, Probationary officer`s would be assigned to generate reports which may include the deposits, withdrawals, ledger balances etc.,
Just like in any MNC or IT company, all employees receive numerous emails which could be related to new rules or schemes or products. A probationary officer may be asked to keep a track of these latest developments to improve their product knowledge as they will be interacting with customers more.
The manager could also ask you to send official replies or letters to other departments for want of information or provide them with required info. So PO’s are required to be well versed in all the branch activities because on promotion, they will be elevated to the cadre of ‘Branch Manager’.
The job of a Bank Probationary Officer also includes allocation of work, monitoring and evaluating the performance of his subordinates who are from the clerical cadre. Bank PO holds a key position in delegating work to the subordinates under the Clerical Cadre and reporting to the manager about the overall performance.
More than responsible, the bank PO is accountable to the management for the holistic development of the branch.
The minimum educational qualification for becoming a probationary officer is a Bachelor’s degree or a graduation degree from a recognized university. It requires a minimum of 60% marks for SBI PO & 50% marks for IBPS PO in Graduation.
The skills and specifications required to be a bank assistant manager are as follows:
The salary of a Bank Probationary Officer is the main attraction for many banking aspirants. Read further about the revised SBI PO and IBPS PO Salary Structure.
PO Salary in India (Basic Pay) | ₹23700/- |
Dearness Allowance | 40% of the basic pay |
City Compensatory Allowance (CCA) | 3% or 4% (depending on the posting) |
House Rent Allowances | 7% to 9% of the basic pay |
Special Allowance | 7.75% of the basic pay |
PO Salary in India (Basic Pay) | ₹41960/- |
Dearness Allowance | 46.9 % of the basic pay |
City Compensatory Allowance (CCA) | 3% or 4% (depending on the posting) |
House Rent Allowances | ₹8000 (rural); ₹29500 (urban) |
Special Allowance | 7.75% of the basic pay |
1. Which subject is your strength?
2. Which subject is your weakness?
3. Which subject has the scope of improvement?
4. Which subject is more scoring?
5. Which subject requires less time for preparation?
Once the student gets answers to the above questions, he needs to chalk out the plan for topics. Suppose his strength is QA, then which topic of QA is the most scoring for him? He needs to focus less on its concepts. At the same time, he needs to keep practicing questions in his strong areas.
A bank PO can move ahead on the job ladder by qualifying for the JAIIB (Junior Associate of Indian Institute of Bankers) and CAIIB (Certified Associate of Indian Institute of Bankers) entrance and completing these courses. Further, the IJPs or Internal job promotions also help the bank Probationary Officer to become managers of higher ranks. The fruitful career options that follow owning the post of IBPS/ PO are given below:
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