Indian Bank Probationary Officer Exam
 

I want to build career in banking line and decided to give the Indian Bank Probationary Officer Exam want exam details. Can you tell what the Indian Bank Probationary Officer Exam eligibility and qualification to apply also provide details about pay scale and other allowances?

Re: Indian Bank Probationary Officer Exam
 

Indian Bank invites online application for the post of Probationary officers (PO) / MT ,Clerk and for other vacancies.

Indian Bank Probationary Officer Exam eligibility:

Education Qualification :

Candidate must possess degree (graduation) or equivalent qualification from a recognized university

Age Limit :

Must posses Minimum 20 years and Maximum 30 years. Relaxation in age is provided for all the reserved candidates.

SC/ST : 05 Years
OBC : 03 Years
Ex-Servicemen : 05 years
PWD : 10 Years

Selection Process :

Candidates selection will be made on the basis of IBPS PO valid Score card and interview.

Pay scale:

The revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/-

Other allowances:

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.

The new revised current DA (for the month of November 2016, December 2016 and Jan 2017 is 47.80% of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.

(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable



(c) HRA : This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

(d) CCA : This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%