Designation Probationary Officers holds (PO) in banks –
The IBPS PO work profile includes holding the designation of an Assistant Manager (AM) on Probation. He is in Junior Management Grade-1 (JMG-Scale 1) Officer thus he is often called as Scale 1 Officer or Asst. Manager.
Initial Posting of Probationary Officer(PO) –
If you get selected as a Probationary Officer, you will go through Induction training program in Management Training Academies of the bank which lasts for 10 to 20 days. The duration of training varies from bank to bank. After completion of their induction training in Management Training Academies, a PO can be posted anywhere in India, as the service of Government Bank Officer is All India based service.
They can be posted as an Asst. Manager on probation in different branches or Head Office or Corporate Office or Zonal Offices or in specialized branches like microstate branches, treasury Branches etc. as per placement policy of particular banks.
Duration of Probation Period –
Normally the probation period is of two years in which the officer is exposed to different types of banking related works. In some banks, the duration may be limited to one year. Probation period in some banks is divided into phases which vary from banks to banks.
Ex – In Indian Bank
Ist Phase- 6 months,
IInd Phase-6 months and
IIIrd Phase- 1 year.
The officers or probationers may undergo frequent transfers or deputations during the probation period. Once the probation period is completed the officer is confirmed as an Assistant Manager and gets his or her permanent posting after satisfied Police Verification report from their Local SSP Office or police station.
Some banks are nowadays placing officers as Deputy Managers also, just after confirmation, provided they pass the test conducted by the bank.
For example: State Bank of India conducts a confirmation exam. If a probationary officer passes the exam, he is confirmed as an Assistant Manager. In fact, State Bank of India even gives a chance for promotion to Scale II to candidates who perform exceptionally well in the exam. Other Nationalized Banks do not conduct exams for confirmation.
Role of Probationary Officers (PO) in banks –
POs are the talented young officers who have ample of potential and a great zeal to work faster and perform better than others.Here is a list of characteristics of an IBPS PO job profile-
- Multitasking job –The role of PO is a multi tasking job and they are assigned for various banking activities, which helps them to get familiar with various working procedures of the bank.
- Practical knowledge– POs are practically trained in various fields, like – Marketing, Accounting, Loans & Advances as well as Finance.
- Customer services– Often POs are required to handle the customers of the banks, used to guide them about the banking facilities and products available to them, like issuing Cheque books, ATM cards, Demand Draft, etc. Customer complaints like discrepancies in accounts, rectification of undue charges are also handled by them.
- Supervision of Clerical work– All the clerical work such as managing cash, opening account and customer dealing is done under the supervision of POs. In case of cash transactions, PO is responsible to check whether Clerk entered everything correctly or not and authorize the transactions.
- Loan Processing– One of the major functions of the bank i.e. providing a loan to the needful is also taken care of by a PO. Before granting the loan to the customer, all the documentation is to be done under his/her supervision.
These are the IBPS PO roles and responsibilities that entail the job profile of a probationary officer.
At last a probationary officer has to work in various departments. It can be Deposits, Loans & Advances, Clearing, Pensions, Payment and Cheque clearances, Fixed Deposit, ATM and Internet Banking, Credit Card, Report Making, etc. Work allotted to them mainly depends upon the policies of a particular bank also a place of posting where he or she got posted. They are like diamonds in every bank and banks also want to polish them by giving them best training.This is the overall IBPS PO job Profile.
There is a well-defined career progression path in each public sector bank. Performance and potential are key elements which determine the career progression. Most senior officials in public sector banks started their career as a scale-I officer only.
In tune with the time banks have reviewed their promotion policy and now for bright, hardworking and knowledgeable employees, it takes less time to move to higher scales.
In many banks, a person who joined as an IBPS PO may reach to the position of General Manager in 14 years. After that one can aspire for the position of executive director or chairman of a bank. These are very high positions, nomination to which is decided by the Government and not by the individual banks.
Many public sector banks have a network of foreign branches. Thus, joining a public sector bank gives you the opportunity of working abroad also. Transferability in a bank job provides you the chance of seeing different parts of the country. Hence, IBPS PO Promotion is very lucrative.
Know more about IBPS PO Promotion & Career Progression:
Junior Management Grade – Scale I: Officer i.e. PO
Middle Management Grade – Scale II: Manager
Middle Management Grade – Scale III: Senior Manager
Senior Management Grade – Scale IV: Chief Manager
Senior Management Grade Scale V: Assistant General Manager
Top Management Grade Scale VI: Deputy General Manager
Top Management Grade Scale VII: General Manager
Executive Director (ED)
Chairman and Managing Director (CMD)
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