IBPS (Institute of Banking Personnel Selection)

IBPS (The Institute of Banking Personnel Selection) is a working board of trustees that was acquainted with increment the determination of youthful alumni in the open financial division in India.

This enables keeping a to institutionalize and rise to a framework for the evaluation and pronouncing the outcome. This is an administration represented self-ruling enrolment body which helps in the determination of competitors out in the open financial area and has confidence in equity and institutionalizes techniques for different administrations.

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Exams under IBPS

Before the introduction of IBPS, aspirants had to give separate exams for different banks for recruitment but after the introduction of IBPS, graduates can give this standard paper which will be used for assessment and recruitment in the public sector banks.

  • IBPS PO test is an enlistment assessment given for the determination of trial officials and the board learners.
  • The IBPS SO test is given for the determination of authority of scale-1 officials
  • IBPS Clerk test is given for the determination of representative in the public or private sector
  • The IBPS RRB Scale – 1 test is for the enlistment of authority officials in the Regional Rural Banks
  • IBPS RRB collaborator test is for the choice of aide for officials of scale-3

Also Read: IBPS RBB (Institute of Banking Personnel Selection Common Recruitment Process for Regional Rural Banks)

IBPS Vacancies 

Vacancies for different positions are different and keeps on changing on a yearly basis. The roundabout remains the same with a minor increase or depletion. Various sectors in which one can get selected are the clerk, assistant, officers ranging from a scale to 1-3 where 3 being the highest.

Following were the vacancies available in the year 2019:

  • There were 4335 vacancies for IBPS PO exam
  • There were 12,000 vacancies for the IBPS Clerk exam.
  • Regional Rural Banks vacancies change depending on the region

Also Read: ICAR Exam

Banks accepting IBPS score

There are 22 public sector banks that accept the IBPS score in which major banks are:

  • Allahabad Bank
  • Punjab national bank
  • Canara bank
  • Corporation bank, etc.

There are 21 Co-operative banks under IBPS which are namely the

  • Bharat co-operative bank
  • Saraswat co-operative bank
  • Surat’s people co-operative bank, etc.

Even 11 private banks also accept the IBPS score which helps graduates to get a job easily and in a standardized way. These banks are

  • Axis Bank
  • Federal bank
  • The south Indian bank, etc.

Also Read: ICSE Board

Salary structure after IBPS 

After getting selected, there is a range of salary which an individual gets for the post they have been selected for.

After getting selected as PO, the basic salary ranges from 20,000 to 25,000 INR. A clerk gets a salary ranging from 11,000 to 15,000 INR

Officers from scale 1 to 3 get a salary ranging from 23,000 for a scale-1 officer to 39,000 for the scale-3 officer.

As being a government job, there are pension benefits including all the different benefits of the government job including the health expenditure, etc.

Also Read: IES Exam

IBPS Exam pattern

IBPS exam pattern differs for different papers, like the syllabus and pattern for the PO exam are different than that of the clerk. As the ability required by a clerk is less than the PO, thus exam pattern is different and so is the syllabus and vacancies. The individual can avail of the benefit of a government job no matter in which exam they are selected.

IBPS PO exam pattern

The PO exam is of 60 minutes and can be given both online and offline. The exam consists of 3 sections namely English language, numerical ability, reasoning ability. The maximum marks one can obtain in the paper are 100.

After getting selected in the preliminary phase of the PO selection, one has to give the next examination in which there are 5 sections namely reasoning and computer analysis, data interpretation, English language, and the general economy.

After these sections, one has to write a letter or an essay to check the command over the language. If one gets selected in the exam, then there is a personal interview after which the final list is released.

Also Read: IIBF (Indian Institute of Banking and Finance)

IBPS Clerk exam pattern

The selection process has 3 phases, the first phase being the preliminary phase in which there are reasoning, quantitative analysis, and the English language as the major section in the examination.

After clearing the preliminary stage, there is the mains paper in which financial awareness, quantitative ability, reasoning ability, and English is accessed. If one is selected through this phase, they have to clear the interview after which the final list is released.

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About the Author

Rachit believes in the power of education and has studied from the top institutes of IIIT Allahabad, IIM Calcutta, and Francois Rabelias in France. He has worked as Software Developer with Microsoft and Adobe. Post his MBA, he worked with the world’s # 1 consulting firm, The Boston Consulting Group across multiple geographies US, South-East Asia and Europe.

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