PO Full Form - Probationary Officer

by Devender

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What is the full form of PO?

The full form of PO is Probationary Officer.

It is a entry-level position post in Indian Banks that is appointed to investigate report on and supervise the people who are on probation in Banks. PO is a one of the most sought career choices for youth in banking sector.

A PO typically undergoes a 2 year probation training but it differs bank to bank before becoming an Assistant Officer in a nationalised bank. During this period, they have to work in various sections of the bank to gain the necessary experience.

Bank PO Selection Procedure

Public sector banks has a recruitment body "Institute of banking Personnel Selection (IBPS)" to encourage the recruitment and placement of young graduates in Public Sector banks.

Private sector conducts their own selection programs. However, process is quite similar for both the banks. There are mainly three stages and aspirants are expected to pass each one.

1 Written Test (2 Rounds)

2 Group Discussion

3 Personal Interview

Few major banks participating in this process are - State Bank of India, Allahabad Bank, Bank of Baroda, and Punjab National Bank, ICICI Bank etc.

The most famous exam among these are SBI and IBPS PO exam. IBPS conducts Common Entrance Test for Public banks whereas Private Banks follow individual paths.

Job Responsibilities

Here are some of the PO job responsibilities:

During the probation periods, POs are trained for having the practical knowledge in finance, accounting, marketing, billing and investment etc.
After training periods, they performs the duties of an Assistant Bank Manager which includes working on daily customer transactions and managing cash flow, loans and mortgages etc.
They are expected to work towards increasing the bank business
PO also works as public relation officer and handles customer complaints and addressed various customer issues
Managerial tasks
Issuing ATM cards, cheque books and demand drafts

It is expected that a Probationary officer should be aware of all the latest developments in their bank and they are required to keep a check on all circulars and be informed about all bank's decisions.

Career Growth

The Career growth of a Probationary Officer is very high as well as lucrative. One can reach at the higher position in his/her service. On an average a bank officer becomes eligible for promotions in every 3-4 years.

The Growth chart is as follows:

General Manager << Chief General Manager << Deputy General Manager << Assistant General Manager << Chief Manager << Branch Manager << Assistant Manager << Probationary Officer

Bank PO Salary and Perks

A bank PO gets a very attractive salary package with additional perks. The average basic pay of a PO is Rs. 23,700. In addition to that DA, HRA, CCA, Special allowance is also given which makes the total salary approx. 40,000 per month.