• About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
Best Digital Mate
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Commercial Finance Lenders

    5 Qualities to Look for When Partnering With Commercial Finance Lenders

    Advancements in Digital Licensing Fueled by Bitcoin

    Advancements in Digital Licensing Fueled by Bitcoin

    Navigating the Market: Strategies for Swift Business Idea Validation

    Navigating the Market: Strategies for Swift Business Idea Validation

    Data Preservation and Digital Yuan: China's Synergetic Approach

    Data Preservation and Digital Yuan: China’s Synergetic Approach

    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2024

      EZTV Proxy Sites to Watch Your Favourite Content in 2022

      EZTV Proxy Sites to Watch Your Favourite Content in 2024

      Moviescouch website 2021

      MoviesCouch Website 2024 for Latest Hindi Movies download

      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2024: Free Access to Premium Content

      Faverou app

      The Loveliest Masterpiece of God’s Heart- The Heart of a Mother

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Commercial Finance Lenders

    5 Qualities to Look for When Partnering With Commercial Finance Lenders

    Advancements in Digital Licensing Fueled by Bitcoin

    Advancements in Digital Licensing Fueled by Bitcoin

    Navigating the Market: Strategies for Swift Business Idea Validation

    Navigating the Market: Strategies for Swift Business Idea Validation

    Data Preservation and Digital Yuan: China's Synergetic Approach

    Data Preservation and Digital Yuan: China’s Synergetic Approach

    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2024

      EZTV Proxy Sites to Watch Your Favourite Content in 2022

      EZTV Proxy Sites to Watch Your Favourite Content in 2024

      Moviescouch website 2021

      MoviesCouch Website 2024 for Latest Hindi Movies download

      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2024: Free Access to Premium Content

      Faverou app

      The Loveliest Masterpiece of God’s Heart- The Heart of a Mother

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
Best Digital Mate
No Result
View All Result
Home Education

Why should consider becoming a bank PO?

Admin by Admin
October 30, 2020
in Education
0
bank po
601
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

A job in the banking sector is very prestigious and a great option for folks looking for a financially stable and secure job especially during these unprecedented times. The banking sector offers a plethora of roles and opportunities for people with any skill-set to accelerate their career.

With over 20 public sector banks, 40 foreign banks and 22 private banks there are enough and more vacancies up for grabs each year. Several independent recruiting bodies such as the Reserve Bank of India (RBI), State Bank of India (SBI) and the indian Banking Personnel Selection (IBPS) conduct selection processes throughout the year to identify talented candidates for mid & senior level roles.

But none of the selection processes are as popular among aspirants as the Bank PO exams (SBI PO & IBPS PO). In this article, we will breakdown why the Bank PO role is one of the most sought after roles by freshers & experienced folks alike.

1. No Shortage of Opportunities

Table of Contents

  • 1. No Shortage of Opportunities
  • 2. Handsome Pay Package & Other Perks
  • 3. Opportunities to Grow & Accelerate Your Career
  • 4. Unparalleled work-life balance
  • 5. A chance to explore & experience new places
  • A bank PO’s responsibilities may include the following:

There are two prominent paths to land the become a probationary officer in a renowned bank and they are as follows:
1. IBPS PO – between 1000 and 4500 vacancies each year

2. SBI PO – around 2500 vacancies each year

If you have been on the fence about applying for the IBPS PO then this is your chance. The number of vacancies have been increased to 1417 and the last date to apply has also been extended. We strongly recommend that you apply for the IBPS PO immediately. If you have already applied then please note that the IBPS PO Admit Card which was supposed to be available for download on September 22nd will be available much later. It is very likely that the competition could be relatively less this year due to the outbreak of the COVID-19 pandemic. There might not have been enough applications and that could be one of the reasons for extending the application deadline.

There is a flipside to the large number of vacancies. According to the IBPS PO Results 2019, over 10.8 lakh candidates registered for the IBPS PO and around 7.5 lakh aspirants attended the IBPS PO prelims. Just to put that in perspective, only 4336 vacancies were available. There were about 2000 vacancies in 2019 for the role of a SBI PO and over 20 lakh aspirants had applied for it. That is how competitive and ruthless the bank PO selection processes are each year.

2. Handsome Pay Package & Other Perks

The monthly salary of a bank PO inclusive of Dearness Allowance (DA), House Rent Allowance (HRA), and other special allowances is upwards of INR 40,000.  There are other benefits and allowances that a bank PO is entitled to. They are as follows:
– Official accommodation
– Travel allowance
– Medical aid of around INR 8,000 (based on the revised pay scale)
– Pension (covered under the new pension scheme)

Also Read: Preschool and the Importance of Childhood Assessment

3. Opportunities to Grow & Accelerate Your Career

A bank PO can expect to be promoted at least once every 3 to 5 years. With every promotion, the associated salary grows exponentially. Bank employees can attempt internal department specific examinations which are conducted regularly to move up the ranks quickly.

Designation Grade Scale
Probationary Officer Scale I
Middle Manager Middle Management – Scale II
Sr. Manager Middle Management – Scale III
Chief Manager Senior Management – Scale IV
Assistant General Manager Senior Management – Scale V
Deputy General Manager Top Management – Scale VI
General Manager Top Management – Scale VII
Executive Director _
Chairman & MD (Managing Director) _ 


4. Unparalleled work-life balance

It is truly a 9-5 job with plenty of paid holidays/vacation days.  The job typically isn’t as stressful as a corporate/IT job. Let’s not forget the satisfaction and joy that comes with impacting the lives of people on a daily basis. 

5. A chance to explore & experience new places

You may be transferred to various branches of the bank within the country.  Your job might even take you overseas if things go well.

A bank PO’s responsibilities may include the following:

  • Managing cash flow and supervising clerical work. 
  • Making decisions that will help the bank flourish.
  • Issuing cheque books, ATM cards, DDs etc.
  • Handling loan related issues, documents and performing on-site visits

Working as a bank PO will help you gain management skills, working knowledge of finance, accounting & marketing and other in-demand skills. The bank PO exams could be your best shot at a lucrative career.

Start preparing today!

Tags: bank POeducation
Previous Post

Animal Crossing New Horizons: A Game You Need To Try

Next Post

Core Drill Bits and Their Many Uses 

Admin

Admin

Related Posts

Why it is beneficial to study online to become a nurse practitioner
Education

Why it is beneficial to study online to become a nurse practitioner

by Daniel Watson
April 17, 2023
How eLearning Benefits Employees and Employers
Education

How eLearning Benefits Employees and Employers

by Admin
January 10, 2023
Advantages of online courses
Education

Advantages of Online Courses

by Admin
October 5, 2022
Data Science Explained | A Beginner's Guide To Data Science
Education

Data Science Explained | A Beginner’s Guide To Data Science

by Admin
September 13, 2022
Next Post
Core Drill Bits

Core Drill Bits and Their Many Uses 

NBN Plans

6 Spectacular Applications for NBN Plans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

ADVERTISEMENT

Recommended

Converting Word to PDF

5 Benefits of Converting Word to PDF Format Using Gogopdf

February 25, 2021
Asbestos Removal

Is there a way that asbestos can be safely removed and disposed of efficiently?

January 16, 2021
What Are the Different Types of Timeshares That Exist Today?

What Are the Different Types of Timeshares That Exist Today?

February 22, 2022
Cryptocurrency Business | Is Bitcoin Gambling Good Investment Idea?

Cryptocurrency Business | Is Bitcoin Gambling Good Investment Idea?

November 21, 2021
Fiber Cement Panels

Top Tips For Finding The Right Fiber Cement Panels

February 20, 2021

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Don't miss it

12 Top Features to Look for in a Crowd Testing Platform
Technology

12 Top Features to Look for in a Crowd Testing Platform

January 27, 2025
The Complete Wall art Guide According to Different Types
Home improvement

The Complete Wall art Guide According to Different Types

January 23, 2025
The Importance of Quality Assurance in Software Development
Technology

The Importance of Quality Assurance in Software Development

October 16, 2024
Benefits of Using Portable Document Format (PDF)
Technology

Benefits of Using Portable Document Format (PDF)

October 11, 2024
LinkedIn Automation: The Best Zopto Alternatives in 2024-2025
Technology

LinkedIn Automation: The Best Zopto Alternatives in 2024-2025

September 24, 2024
Configuring SMTP Settings in Magento 2: Enhancing Email Delivery
Technology

Configuring SMTP Settings in Magento 2: Enhancing Email Delivery

June 25, 2024
best digital mate_mobile

Welcome to Best Digital Mate, your number one source for all information about Digital Marketing, Events, Health and Fitness, Technology, Travel, Fashion & Beauty, Gadgets and more. We’re dedicated to giving you the very best information about all these categories, with a focus on quality, relevancy and timely update.

Contact: [email protected]

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Recent News

12 Top Features to Look for in a Crowd Testing Platform

12 Top Features to Look for in a Crowd Testing Platform

January 27, 2025
The Complete Wall art Guide According to Different Types

The Complete Wall art Guide According to Different Types

January 23, 2025

Contact Us

    • About Us
    • Contact Us
    • Disclaimer
    • Home
    • Privacy Policy

    © 2021 bestdigitalmate.com. All rights reserved.

    No Result
    View All Result
    • Home
    • Technology
    • Gadgets
    • Digital Marketing
    • Fashion & Beauty
    • Business
    • Event
    • Travel
    • Entertainment
    • Lifestyle
    • Lifestyle
    • Health
    • Electronics

    © 2021 bestdigitalmate.com. All rights reserved.