Banking is one of the sky-rocketing Industries in India. It has gained so much popularity because it handles cash, credit, and other financial transactions. It is also considered as a daybreak sector of Indian economy. In addition, it has a very far reach, which means that the branches are omnipresent. From a developing city to an underdeveloped village, we can find banks everywhere. Therefore, people feel privileged to work in this industry.
With the swiftest growth in the Banking Sector, it is expected to witness huge job opportunities at different levels. Usually, there are the following levels:
Bank Po or Probationary officer is a lucrative career option. Newly selected candidates have to perform their job roles under 2yeras of probation period. In this white-collar job, one has to go through various training so that he/she can effectively and efficiently do the allotted work. Those who have completed their graduation can apply for PO (Scale 1) only.
Entry-Level Job in Bank: Clerks act as building blocks for their banks and perform their duties to serve the customers directly. They are considered as the representatives of the banks. All the Bank Clerks initially get around 20000-25000 depending on the location of the banks.
Specialist Officer, as we speak of, is the backbone of the bank. The Specialist Officer can be – An IT officer, Marketing Officer, Finance Officer, Law officer, HR officer, Agriculture Officer, etc. It is a privilege to work as a SO because he/she gets the same salary as the Probationary Officer.
IBPS (Institute of Banking Personnel Selection) is a recruitment body that conducts a common written exam called CWE. In India, every year, it aims at recruitment of young national graduates in the Banking Sector for the clerical cadre.