Career Summary of a Bank Probationary Officer

The entry-level position, in the officer category, in Public Sector Banks is that of a Probationary Officer. These officers work as probationers for the first two years and gain experience in various type of banking operations e.g. loans, savings and current accounts, forex operations etc. Bank Probationary Officers are selected on the basis of a written test and an interview conducted by Banking Service Recruitment Board. The Probationary Officers usually undergoes a two years probation period during which they perform various banking functions such as loans, foreign exchange, saving and current accounts. Most of these officers reach senior positions such as Deputy Managers or General Managers after about 10 years of service. During this period services might be terminated at any time, if the probationer's work proves unsatisfactory. In most cases, this is only a formality and confirmation automatically follows the probation period.

These officers are involved in various operations like keeping a record of investments, loans, mortgages, providing services like payrolls and inventory accounting to the customers. They should exhibit knowledge in the area of global money markets and financial instruments such as deposit certificates, treasury bills, forecasting, source evaluation and cost of domestic and foreign currency funds. They also need to assess various markets on the behalf of the bank to advice corporates or other banks that need foreign currency. The job requires one to be constantly updated about the policies of the regulatory bodies, monitoring the current prices, making predictions based on analysis of trends etc. They should also be efficient in keeping records of personal accounts, business, mortgages, installment loan etc.

Recruitment for the public sector banks is done through the Banking Service Recruitment Boards (BSRBs). The advertisements for recruitment appear in newspapers as well as the Employment News. Recruitment is done on the basis of a written test, which consists of:

a) Test of Reasoning
b) Quantitative Aptitude
c) General Awareness
d) English Language
e) Descriptive Test