The post of a probationary officer in a bank is lucrative as you are entitled to additional perks apart from the salary that you get paid for the job. A nationalized bank will be paying an attractive salary. It is a secure job that is governed by the IBA rules and regulations. The officer doesn’t have to bear the burden of housing rent with an excellent lease house facility offered for you to stay.
Opportunities on the job
The PO can look forward to concessions in
- House loans
- Car loans
- Personal loans
The monthly installment is much lesser compared to the general public
You need not stay as a probationary officer for long if you are ambitious enough, you can scale better positions. You wouldn’t have to wait for long as other government jobs to seek out better job opportunities.
Every 3-4 years, there is an opportunity for you to get a promotion. And this drive and commitment will help you till you may well be the chairman of the bank.
The career graph of probationary officer
- Probationary officer > 1-2 years
- Assistant manager > confirmed post
- Branch manager > head of a branch of the bank
- Chief manager > head of a bigger branch of the bank
- The AGM > head of a cluster of branches of the bank
- The DGM > head of a zone, i.e., several regions in a state
- The CGM > heads the entire state, for the bank
- The GM > part of the senior management and situated in the headquarters of the bank, managing multiple profiles
The promotions are fast, with great incentives accompanied by good posting as well. The entry-level for a probationary officer would be a clerk or an officer. Also fast track promotion can happen in just 19 months of you being a probationary officer whereas the normal procedure would take two or more years to be eligible. Your performance and senority will count and help you to get on to be an AGM quickly.
After becoming probationary officer you can also prepare for JAIIB and then CAIIB exams conducted by Indian Institute of Banking and Finance for better career growth in banking sector. Click Here to Check Details
Practice for JAIIB Exam with Adda247,
- JAIIB Paper I, II & III 2020 Online Test Series
- JAIIB ALL SUBJECTS (PPB+AFB+LRB) JAIIB 2020 LIVE CLASSES BILINGUAL
Upcoming Recruitment Exams to become Probationary in 2020
State Bank of India and IBPS are two major recruitment in our nation that conduct online recruitment exams for probationary officers in Public Sector Banks and Regional Rural Banks. IBPS has already released its calendar for the recruitment in 2020 and SBI was expected to release its notification in April 2020, but there might delay due to COVID-19 outbreak. Students are advised to keep on preparing for the exams as once things are under control there is a possibility that many recruitment exams will be conducted in a short span of time. You can download Adda247 APP Or Follow Bankersadda.com for regular updates and preparation