Many things will change in your life after clearing the IBPS PO exam.
1- In terms of career growth:
Scale 1: This is the entry-level position right after your appointment and generally lasts for two years, after which you have to sit for a screening and promotion test. This is the time when the recruited person becomes familiar with the bank's functions.
Scale 2: The candidate will be promoted to scale 2 or the position of the assistant officer.
Scale-3: The position is that of the branch manager.
Scale 4: This is a promotion to the role of chief manager.
Scale 5: Promotion to the position of AGM and the responsibility of a cluster of ban
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Many things will change in your life after clearing the IBPS PO exam.
1- In terms of career growth:
Scale 1: This is the entry-level position right after your appointment and generally lasts for two years, after which you have to sit for a screening and promotion test. This is the time when the recruited person becomes familiar with the bank's functions.
Scale 2: The candidate will be promoted to scale 2 or the position of the assistant officer.
Scale-3: The position is that of the branch manager.
Scale 4: This is a promotion to the role of chief manager.
Scale 5: Promotion to the position of AGM and the responsibility of a cluster of banks in a region is bestowed.
Scale 6: The employee gets further promoted to DGM.
Scale 7: The Chief GM is responsible for heading a circle, like a specific state.
Scale 8: The position of GM has an office at the country headquarters; this is also the post that gives the employee entered into the senior management of the bank.
2- In terms of Salary, Benefits, and perks of Bank PO:
The basic salary starts at INR 23,700. The overall monthly salary, including the benefits, is approximately INR 40,000 per month.
There are HRA benefits, which will vary from 6 percent to 15 percent of the basic payment depending on the location or branch where the PO is posted.
The DA is approximately INR 10,700 for a bank PO.
Hospitalization, leave fare concessions, and reimbursement is also very attractive, making this job opportunity the most stable one that you can get. In the event of illness, the employee will be granted leave. In the case of hospitalization, INR 700 per day is granted for room allowance in a hospital.
Other reimbursements include 1st-class AC train tickets and economy-class flights, taxi charges for work-related travel, and an allowance for employee holiday trips.
There is a DA (deputation allowance) that is awarded during the 2 years of promotion. In case the employee has to relocate or transfer to another branch during this time, an amount of INR 1500/day is given apart from the usual TA.
Other benefits and perks include reimbursement for up to 35 liters of gasoline and reimbursement for newspaper expenses. Some banks also cover telephone and entertainment expenses. Many banks have reimbursements for furniture allowance, briefcases, cheaper loans, and various life insurance policies.
The working hours of a bank PO in ideal situations are 10 a.m. to 5 p.m.
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