Who is Bank Probationary Officer PO?
A Probationary Officer is the one who is responsible for handling the overall banking management or company associated with the banking sector. The probation officer are the entry-level employees who are promoted to the posts of Assistant Managers of Scale 1 of the bank after the completion of the probation or training period which is of minimum 2 years duration. Probationary officer is also referred to as Junior Management Grade-1 (JMG-Scale 1), in banking field. They are responsible for various activities like finance, billing, accounting, investment, marketing. The major functions of these officers are to handle transactions of the customers, have the authority to pass cheques, issue checkbooks, manage cash. They also focus on financial and accounting matters.
The entrance exam is required for the selection of probationary officer. The employment opportunities are also good along with the professional growth of an individual. The job of probationary officer (PO) is said to be lucrative career option and a white-collar job. Every year lacs of aspirants apply for ibps exam. The job offers a high career growth and bright future in banking. Therefore, the probational officers provide a lot of services to the banks pertaining to the finance department, the accounts department, the tax department, etc. They also assist the clients (especially the high- end clients), and provide various services to assist the public in general. Whenever required, they make a lot of recommendations for various discrepancies or the changes to be made in the relative banking fields.
Typical day at work
What does Bank Probationary Officer PO do?
Bank Probationary Officer, also known as the PO is a banking professional who creates and maintains all the case files of all the customers that come to the banks. They guide the customers with their queries and work as per their requirements including the cash to be put in their bank accounts, giving them information on their deposits, guiding them with the interests and the loans, etc.
They also stay in close contact with the branch heads of their respective branches about the various information to be shared, the issues to be corrected, etc. The Bank Probationary Officer works on various departments of the bank like sitting in the cash department, the advances section concerning their knowledge and guiding ability to the customers.
The roles and responsibilities includes:
- The PO has to deal with finance, accounting, billing, investment etc.
- A PO looks after the business of the bank keeps on increasing and to look after customers properly by addressing issues related to customer like discrepancies in accounts, rectification of undue charges and handling customer complaints.
- PO also does loan processing, investment management, planning, budgeting.
- They work on routine duties like scrolling, posting, account preparation.
- After becoming an Assistant Bank Manager, they handle daily customer transactions like cash management, passing a cheque, draft issuance.
- They work to increase the bank business like managing loans, cash flow, mortgages and finances.
- PO also work as a public relations officer, handle customer complaints and address various customer related issues.
- The PO also assigned with managerial tasks like managing cash balance, supervision of clerical work, taking decisions for the benefit of the bank.
- To check and verify all the work done by bank clerk.
- To look after loan related documents and performs on site visit of the loan taking parties whenever required.
- They are responsible for issuing ATM cards, cheque books, Demand Drafts etc.
- PO must remain updated for all the new circulars passed and remain aware of all the latest developments of the bank and takes for the benefit of bank in bank management.
Abilities & aptitude needed
What are the skills, abilities & aptitude needed to become Bank Probationary Officer PO?
A career as a Bank PO entails doing a variety of activities. In every financial system and domain, a bank PO is necessary to help their branch manager. Administrative positions, managing duties such as acting as branch manager in the absence of the branch manager, regular functions, and other activities such as increasing the bank's credit and advancement portfolio, recovery management, and claim settlement are examples. Banking professionals must interact directly with end consumers, thus they must improve their written and verbal communication skills to earn their clients' confidence. Communication skills are also required for banking officers to explain critical policy topics to subordinates without causing misunderstanding. They can preserve and manage Bank records and documents with good organization abilities, which is highly important for the company.
The essence of an excellent probationary officer must be self-explanatory. He should be adept at dealing with money; whether it's for personal use or a bank, a certain level of precision and efficiency is required. To earn the trust and confidence of clients, account holders, and investors, staff will need to develop a cooperative and helpful attitude in their everyday lives. Along with their basic banking tasks, the Probationary Officers are responsible for handling day-to-day financial paperwork, reporting, operations, and checking for abnormalities. To effectively manage all of these activities at the same time, a bank officer must be a superb manager. They must use managerial concepts and inventive approaches to keep the bank afloat with the minimal resources available within the time constraint. Therefore, there are a lot of aspects, abilities and capabilities that are involved, either primarily or secondarily in this field.
It involves active listening and critical thinking, wherein these individuals can evaluate and critically think on the lines to monitor the overall performance of all the employees and the overall branch of a particular bank. They are also supposed to have strong speaking skills that help them to better at their communication. It act would naturally make them strong in increasing their deals or even the clientele in a particular branch. Finally, their oral expression and deductive reasoning skills are supposed to be excellent to be able to tally the sheets, work on the financial aspects, work on the accounts section and deal with the clients thoroughly.
Which course I can pursue?
Which are the best colleges to attend to become Bank Probationary Officer PO?
Post Graduate Institute of Medical Education and Research, Chandigarh
Chandigarh, Chandigarh | INC, MCI, UGCNIRF Rank : 2
Hindu College, Delhi
Delhi | Delhi UniversityNIRF Rank : 2
Presidency College, Chennai
Chennai | UGCNIRF Rank : 3
St. Stephen`s College, Delhi
New Delhi | UGC,DUNIRF Rank : 4
Loyola College, Chennai
Chennai, Tamil Nadu | University of Madras, ChennaiNIRF Rank : 6
Shri Ram College of Commerce, Delhi
New Delhi, Delhi | University of Delhi, DelhiNIRF Rank : 7
Jawaharlal Institute of Post Graduate Medical Education and Research, Puducherry
Puducherry, | DCI, MCI, UGCNIRF Rank : 8
Hans Raj College, Delhi
Delhi | Delhi University,UGCNIRF Rank : 9
Savitribai Phule Pune University, Pune
Pune, Maharashtra | Savitribai Phule Pune University, PuneNIRF Rank : 10
St. Xavier`s College, Kolkata
Kolkata, West Bengal | UGCNIRF Rank : 10
King George`s Medical University, Lucknow
Lucknow, Uttar Pradesh | UGC, NAAC-ANIRF Rank : 10
Sri Ramachandra Institute of Higher Education and Research, Chennai
Chennai, Tamil Nadu | Sri Ramachandra University (SRU)NIRF Rank : 11
Gargi College, Delhi
Delhi | Delhi University, UGCNIRF Rank : 12
Madras Christian College, Chennai
Chennai | University of MadrasNIRF Rank : 13
Atma Ram Sanatan Dharm College, New Delhi
New Delhi | Delhi UniversityNIRF Rank : 14
JSS Medical College, Mysore
Mysuru, Karnataka | Rajiv Gandhi University of Health Sciences, KarnatakaNIRF Rank : 17
Deen Dayal Upadhyaya College.
New Delhi | UGC,Delhi UniversityNIRF Rank : 17
Kirori Mal College, Delhi
Delhi | University of DelhiNIRF Rank : 18
Punjabi University, Patiala
Patiala, Punjab | UGC, NAAC.AIUNIRF Rank : 18
Sri Venkateswara College, Delhi
Delhi | Delhi UniversityNIRF Rank : 19
Banasthali Vidyapith, Banasthali
Jaipur, Rajasthan | UGCNIRF Rank : 19
Dyal Singh College, New Delhi
New Delhi | Delhi UniversityNIRF Rank : 20
PSGR Krishnammal College for Women, Coimbatore
Coimbatore, Tamil Nadu | Bharathiar University, CoimbatoreNIRF Rank : 22
Jesus & Mary College, New Delhi
Delhi | University of DelhiNIRF Rank : 25
Mar Ivanios College, Thiruvananthapuram
Thiruvananthapuram | University of Kerala,UGCNIRF Rank : 29
Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur
Nagpur, Maharashtra | UGC,AIUNIRF Rank : 29
Scott Christian College, Nagercoil
Nagercoil, Tamil Nadu | Manonmaniam Sundaranar University, TirunelveliNIRF Rank : 30
Women`s Christian College, Chennai
Chennai | University of MadrasNIRF Rank : 32
Maharshi Dayanand University, Rohtak
Rohtak, Haryana | UGC, NAAC-ANIRF Rank : 32
Thiagarajar College, Madurai
Madurai, Tamil Nadu | Madurai Kamaraj University, MaduraiNIRF Rank : 34
Loyola Institute of Business Administration, Chennai
Chennai, Tamil Nadu |NIRF Rank : 36
Shanmugha Arts Science Technology and Research Academy, Thanjavur
Thanjur, Tamil nadu | NAAC, UGC, NAAC-ANIRF Rank : 38
Banaras Hindu University, Varanasi
Varanasi | ACU AIU NAAC UGCNIRF Rank : 39
St. Joseph's College, Tiruchirappalli
Tiruchirappalli, Tamil Nadu | Bharathidasan University, TiruchirappalliNIRF Rank : 39
Queen Mary`s College, Chennai
Chennai, Tamil Nadu | University of Madras, ChennaiNIRF Rank : 40
Alliance University, Bengaluru
Bengaluru | UCCNIRF Rank : 42
Xavier University, Bhubaneswar
Bhubaneshwar | UGC,NBA,AIUNIRF Rank : 44
Vellore Institute of Technology, Vellore
Vellore | UGCNIRF Rank : 46
Sri Padmavati Mahila Visvavidyalayam, Tirupathi
Tirupati, Andhra Pradesh | UGCNIRF Rank : 46
Govt. College for Women, Thiruvananthapuram
Thiruvananthapuram Kerala | Kerela UniversityNIRF Rank : 47
Maharaja Agrasen College, Delhi
Delhi | University of DelhiNIRF Rank : 47
Sathyabama Institute of Science and Technology, Chennai
Chennai, Tamil Nadu | Sathyabama University, ChennaiNIRF Rank : 47
Pt. Ravishankar Shukla University, Raipur
Raipur, Chhattisgarh | UGCNIRF Rank : 48
Panjab University, Chandigarh
Chandigarh,Chandigarh | Panjab University, ChandigarhNIRF Rank : 48
Amity University, Gautam Budh Nagar
NOIDA | UGC?, ?NAAC?, ?WASC?, ?AIU?, ?ACUNIRF Rank : 49
Kanchi Mamunivar Centre for Post Graduate Studies, Puducherry
Puducherry | Pondicherry UniversityNIRF Rank : 49
Bethune College, Kolkata
Kolkata | ?University of CalcuttaNIRF Rank : 50
VELS Institute of Science Technology and Advanced Studies, Chennai
Chennai, Tamil Nadu | ?UGC NAACNIRF Rank : 52
Lovely Professional University, Phagwara
Phagwara, Punjab | UGC, AIU, PCI, NCTE, COA, ACBSP,NIRF Rank : 52
Sri Krishna Arts and Science College, Coimbatore
Coimbatore, Tamil Nadu | Bharathiar University, CoimbatoreNIRF Rank : 53
Sam Higginbottom Institute of Agriculture, Technology and Sciences, Allahabad
Allahabad, Uttar Pradesh | UGC, ACU AIU IAU IAUANIRF Rank : 56
Sacred Heart College, Ernakulam
Thevara, Kochi | Mahatma Gandhi University, KottayamNIRF Rank : 57
Stella Maris College for Women, Chennai
Chennai | University of MadrasNIRF Rank : 58
St. Joseph`s College of Commerce, Bengaluru
Bengaluru, Karnataka | Bangalore University, BangaloreNIRF Rank : 61
St. Teresa's College, Ernakulam
Ernakulam Kochi, Kerala | Mahatma Gandhi University, KottayamNIRF Rank : 64
Shoolini University of Biotechnology and Management Sciences, Solan
Solan, Himachal Pradesh | UGCNIRF Rank : 65
Silver Jubilee Degree College, Kurnool
Kurnool | Rayalaseema UniversityNIRF Rank : 66
Govt. Arts College, Thiruvananthapuram
Thiruvananthapuram, Kerala | Kerala UniversityNIRF Rank : 69
SRM Institute of Science and Technology, Chennai
Kattankulathur, Tamil Nadu | SRM University, ChennaiNIRF Rank : 73
St. Xavier's College, Palayamkottai
Tirunelveli, Tamil Nadu | Manonmaniam Sundaranar University, TirunelveliNIRF Rank : 74
V. O. Chidambaram College, Tuticorin
Thoothukudi, Tamil Nadu | Manonmaniam Sundaranar University, TirunelveliNIRF Rank : 77
Newman College, Idukki
Thodupuzha, Kerala | MG UniversityNIRF Rank : 78
Lady Doak College, Madurai
Madurai | MKU,MaduraiNIRF Rank : 79
Women's Christian College, Nagercoil
Nagercoil, Kanyakumari | Manonmaniam Sundaranar UniversityNIRF Rank : 81
Sri Guru Gobind Singh College of Commerce, Delhi
New Delhi | University of DelhiNIRF Rank : 87
Sri Venkateswara University, Tirupati
Tirupati, Andhra Pradesh | UGCNIRF Rank : 89
Hindustan Institute of Technology and Science, Chennai
Chennai | NAAC; UGCNIRF Rank : 95
St. Xavier's College, Mumbai
Mumbai, Maharashtra | University of MumbaiNIRF Rank : 96
Sri Meenakshi Government College for Women, Madurai
Madurai, Tamil Nadu | Madurai Kamaraj University, MaduraiNIRF Rank : 97
Muthurangam Govt. Arts College, Vellore
Vellore, Tamil Nadu | Thiruvalluvar University, VelloreNIRF Rank : 98
Ramanujan College, New Delhi
New Delhi, Delhi | University of Delhi, DelhiNIRF Rank : 100
PES University, Bengaluru
Bengaluru, Karnataka | AICTE, NAAC, UGCNIRF Rank : 149
Dr Vishwanath Karad MIT World Peace University, Pune
Pune, Maharashtra | UGCNIRF Rank : 154
Manav Rachna International Institute of Research and Studies, Faridabad
Faridabad, Haryana | Manav Rachna International University, FaridabadNIRF Rank : 164
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What does the future look like for Bank Probationary Officer PO?
The growth and job opportunities in this field is quite fast and high, by clearing ibps entrance exam one can easily switch to the position of Manager, Assistant General Manager, General. Manager. The salary and PF are also good. Apart from this other benefit includes free medical facility, medical expense for family member of the employee, low-interest rate on loans, more secure and stable as compared to other jobs, will be liable to claim compensations. To become a professional provisional officer, the individual has to be thorough with their banking skills.
It also suggests that they are supposed to be good with numbers and have to be thorough with their calculations. These professionals have to be good in working with the computers, they should be able to work in terms of handling excel sheets, they are supposed to be good with their numbers and calculations. They are also supposed to be working well in their analytical and critical skills. Moreover, these professionals should be good in their active listening and comprehensive skills. Moreover, they should be good in handling the monitoring various projects, sheets, tally things and also be able to excellent in managing the people in their branch. It is a lucrative job, however is very demanding and thus providing a lot of returns to the professionals.
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