A Probationary Officer is the someone who is appointed for handling the overall banking management of a bank or company associated with the banking sector. They are the entry-level employees who are promoted to the posts of Assistant Managers of Scale 1 of the bank after the completion of the probation or training period which is of minimum 2 years duration. In the banking field, they are also referred to as Junior Management Grade-1 (JMG-Scale 1). Probationary Officer is responsible for various banking activities of different sections including finance, billing, accounting, investment, marketing, etc. Handling transactions of the customers is one of the major functions of these officers. They have the authority to pass cheques, issue checkbooks, manage cash, etc. These officers also work in companies that focus mainly on financial and accounting matters.
So, if you have an interest in the banking sector and if you think you have the capabilities to take up financial and account related responsibilities, then this can be a job that you can opt for. The post can be acquired by clearing the designated banking entrance exams structured for the selection of Probationary Officer. The scope of employment opportunities is also good along with the professional growth of an individual.
Candidates planning for Probationary Officer job must most importantly know the essentials and requirements of becoming a PO. To do so, they must first trigger the answer of how to become a Probationary Officer. Mentioned below are all the relevant details and information about becoming a Probationary Officer.
Subject Combination: Any Stream in Bachelor/ Master Level
Exam: IBPS PO, SBI PO, Private Banks including ICICI Bank, HDFC Bank, Axis Bank, Federal Bank, Oriental Bank of Commerce, IDFC Bank, IndusInd Bank, YES Bank, etc.
Nationality: Must be a citizen of India
Minimum Age: 20 - 21 Years
Maximum Age: 30 years for General Category and 3 to 15 years relaxation for reserved category candidates
A Probationary Officer is usually introduced to all the work types of a bank when hired and hence have the benefit of enjoying a lot of diversity in their job profile. He/she is trained in different functions of a bank such as finances, accounting, customer relationship management, investment handling, billing. marketing etc. This not only gives a candidate practical knowledge but also helps in evaluating what the PO is most suited for, while on probation. The job profile of a Probationary Officer also includes task such as managing clerical tasks and dealing with matters such as discrepancies in accounts, cross-checking the cash balance, issuing chequebooks and ATM cards, demand drafts etc.
Aspirants of this job profile must know the different sectors in which they can work in. Candidates should know about the different options and employment opportunities available in the market. A Probationary Officer is mainly hired in the banks but other companies that provide financial advise or support also hire POs. Mentioned below are sectors that offer employment opportunities for Probationary Officer aspirants.
Government Sector: Banks of Government Sector or Public Sector Banks hire Probationary Officers to manage the banking tasks. These POs are responsible for planning, marketing, budgeting and loan processing. The functional role of Probationary Officers remains the same in both public and private sector banks. The difference lies in the amount of security and benefits assured by these banks. Work tenure can also be a point of differentiation between the two sectors. Probationary Officers hired by Government Banks are for fixed time period be it on a contractual or regular basis. A breach in security in a government-owned bank might lead to cancellation of work permit and legal punishment as per the requirement of the case. Pension benefits are also enjoyed by the Probationary Officers of Public Sector Banks.
Private Sector: A Probationary Officer of Private Sector Bank functions in a similar way as the PO of a Public Sector Bank. He/she gets appointed to handle loan approval and processing, handling cheques, issuing passbooks, managing investments, marketing and budgeting. The amount of risk involved is comparatively low to that of a Government Bank. If a Probationary Officer is found guilty then there are probabilities that the punishment may be nominal. Pension benefits, on the other hand, may or may not be provided to the bankers of the Private Sector. This depends on the policies designated by the Private Bank which may vary from one bank to another. Other benefits like accommodation charges, travelling allowance, medical claims, number of leaves, etc. are also given to the Probationary Officer leniently in both private and public sector banks.
A Probationary Officer comes across a number of responsibilities in her/ his career. There are a number of top recruiting companies for Probationary Officers in India. These companies hire candidates based on their entrance exam score, past performances and experience (if applicable). Some banks/companies may involve an internal selection process for the purpose of hiring the best candidates. These companies give candidates the best of the work role depending upon the companies’ requirement and candidate's performance. Candidates, on the other hand, must select the best bank as per their choice and interest and strive hard for acquiring a seat in that bank. Candidates can go through the list of few top recruiting companies for better opportunities. PO aspirants must also know that the list of these companies includes both banks and private setups. The list comprises of the following:
Salary of a Probationary Officer depends on the bank they have been hired in. Mentioned-below is the salary scale of the Probationary Officers:
Starting Salary per annum (in INR)
Mid Level Salary per annum (in INR)
Senior Level Salary per annum (INR)
Note:The figures mentioned above are an approximate estimate and may vary from one organisation to the other organisation.
If you want to become a Probationary Officer then you must clear the entrance examination designed specifically for the selection and appointment of Probationary Officer in India. To successfully clear the examination one should study hard and be well prepared for the test. There are few books that will you with your preparation. These books will also help you in understanding the exam pattern and the syllabus that must be covered for the entrance test. Apart from these, study materials you must also be ready to grab any learning opportunity available. Let’s look at some of the best books and study materials for the preparation of Probationary Officer entrance examination.
Confused on what to choose as your career?