Banking Exams - Career Guide and Important Details

Last Modified on : 25 Apr 2024

The benefits and scope that banking sector provides are not hidden from anyone. And this is the reason that each year so many candidates apply for the different bank exams conducted all across India. Banking sector not only keeps the doors of growth open, but also offers handsome salary package, job security, variety, perks, and most importantly job satisfaction.  When one can get so much and much more from a Banking Job, why would not anyone consider having a career in banking sector. 

Though pursuing a career in the banking sector is lucrative, however getting a job in the sector is not a cakewalk. One needs to crack a bank exam as per his/her desired position. There are various bank exams conducted each year by the designated authorities, details of which are provided below:

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IBPS PO (Institute of Banking Personnel Selection Probationary Officers) Exam


IBPS PO exam is one of the most sought-after banking exams. The exam is conducted by the IBPS every year for the post of Probationary Officer. The work profile of PO is as an Assistant Manager on probation. A Probationary Officer is generally called as Scale 1 officer as he/she is in Junior Management Grade-1 (JMG-Scale 1).

IBPS PO exam is conducted in three phase:

  • Preliminary Examination
  • Main Examination (Mains)
  • Interview

Selected candidates are called for the Interview round. The marks of both Mains and Interview are combined in a ratio of 80:20 and are considered for the final score of a candidate.
To get complete details about the IBPS PO exam, click here.

IBPS SO (Institute of Banking Personnel Selection Specialist Officer) Exam


Similar to Probationary Officer (Officer Scale I), Specialist Officer also works in particular departments, that are found in all government banks. To become a Specialist Officer, a candidate needs to qualify the IBPS SO exam. The exam is mainly conducted for the following positions:

  • HR/Personnel Officer
  • IT Officer Scale I
  • Marketing Officer Scale I
  • Agricultural Field Officer
  • Rajbhasha Adhikari Scale I
  • Law Officer

The IBPS SO exam is conducted in 2 phases:

  • Preliminary Examination
  • Interview

Candidates who qualify the Phase I Preliminary IBPS SO exam are called for the common interview round. Read full article

SBI PO Exam (State Bank of India Probationary Officer) Exam


The State Bank of India organizes the SBI PO exam to recruit eligible candidates for the post of Probationary Officers in different SBI banks across the country. The exam for the SBI PO is conducted in three stages:

  • Preliminary Examination
  • Main Examination
  • Interview

Preliminary Examination is based on three subjects Reasoning Ability, Quantitative Aptitude, and English Language. The numbers of questions asked in these subjects are 35, 35, and 30 respectively. Each question from every subject carries 1 mark and the total duration of the exam is 60 Minutes (1 hour).

Candidates who qualify the preliminary exam are then shortlisted for the Main examination. The main exam consists of Objective Type Questions for 200 marks and Descriptive type for 50 marks. Candidates first need to take an Objective test of 180 Minutes (3 hours) followed by the Descriptive test of 30 Minutes. One must clear both the tests in order to qualify for the final round i.e. Interview. Read Full Article - Click here

IBPS RRB (Institute of Banking Personnel Selection Regional Rural Bank) Exam


IBPS RRB exam is specifically held for the aspirants looking to get recruited in Regional Rural Banks or Gramin Banks in the country. This exam is conducted on the behalf of more than 60 Regional Rural Banks for the post of Group-A Officers (Scale I, II, III) and Group-B Assistants (Multipurpose). The final recruitment of the candidates is done autonomously by every participating RRB, specifying the number of vacancies and eligibility criteria.

The IBPS RRB exam is held for different posts, details for which are given below.

Multi Level Examination (Preliminary & Main Examination)

  • For IBPS RRB Office Assistant Post (Multipurpose)
  • For IBPS RRB Officers (Scale-I) Post

Single Level Examination

  • For the Post of IBPS RRB Officer Scale-II (General Banking Officer)
  • For the Post of IBPS RRB Officer Scale-II (Specialist Cadre)
  • For the Post of IBPS RRB Officer Scale-III

Students, who got selected under Group A, will receive ₹ 29,000 to ₹ 33,000 as an IBPS RRB Officer Scale 1 Salary. Check complete IBPS RRB Officer Post salary structure below in this guide.

IBPS RRB Salary 2020 – Know the Pay Scale

IBPS RRB is conducted under the umbrella of the Institute of Banking Personnel Selection to recruit meritorious candidates in various Regional Rural Banks across India. For the year 2020, the institute is yet to release a notification regarding IBPS RRB recruitment. Candidates who are willing to apply for the upcoming IBPS RRB exam must go through with the IBPS exam salary structure for more in-depth knowledge.

IBPS RRB Officer Scale 1 Salary

  • The Pay-scale for IBPS RRB Officer Scale 1 is ₹ 29,000 – 33,000 at 100% D.A.
  • Talking about the perks, students will receive the following benefits:
    • Dearness Allowance
    • Special Allowance
    • House Rent Allowance / Leased Accommodation
    • Conveyance Allowance
    • Furniture Allowance
    • Household Cleaning Expenses
    • Leave Encashment
    • Leave Travel Concession
    • Medical Reimbursement
    • National Pension Scheme
    • Newspaper Allowance
    • Travelling Allowance
  • After candidate’s selection for the post of Officer Scale-I, he/she will need to undergo training for 2 years under the probationary period. During the probationary period, candidates will receive a fixed amount that is usually less than the normal pay scale.

IBPS RRB Officer Scale 2 Salary

Candidates selected under IBPS RRB Officer Scale 2 will receive in-hand salary of ₹ 33,000 to ₹ 39,000 on a monthly basis.

What are the Additional Benefits?

Talking about the benefits of the IBPS PO RRB Officer Scale-II post is numerous. Work pressure and stress are relatively less in comparison to commercial banks. Employees have a good work-life balance with the very less cost of living due to placement in rural areas.

IBPS RRB Officer Scale 3 Salary

Candidates selected under IBPS RRB Officer Scale 3 will receive in-hand salary of ₹ 38,000 to ₹ 44,000 on a monthly basis.

Complete Salary Allowance

Dearness Allowance

46.5 % of the basic salary pay

House Rent Allowance

  • For Urban Areas: 10% of the basic salary pay
  • For Semi-urban Areas: 7.5% of the basic salary pay For Rural Areas: 5% of the basic salary pay

Special Allowance

7.75% of the basic salary pay

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Click here to Read full article on IBPS RRB Exam.

IBPS Clerk Exam

IBPS Clerk Exam

IBPS clerk exam is conducted for Clerical cadreposts. The exam is held in two stages – Preliminary exam and Main examination. Candidates must qualify Preliminary exam in order to qualify for the main examination. The Preliminary exam consists of 100 questions (1 marks each) and the duration of the exam is 1 hour. The exam is mainly based on the English Language, Quantitative Aptitude and Reasoning Ability.

Read more about IBPS Clerk Exam details here.

RBI (Reserve Bank of India) Officer Exam Grade-B

RBI Offer Exam

Reserve Bank of India, the most reputed places to work in India conducts the exam for the post of Grad-B officers. The exam is mainly held in 3 Phases.

In Phase-I examination, the exam is mainly based on Reasoning, General Awareness, Quantitative Aptitude, and English Language. The total number of questions asked in Phase-I are 200 of 1 mark each. On the other hand, Phase-II exam consists of 3 Papers - Economic and Social, English (Writing Skills), and Finance & Management. Phase-II exam is of 300 marks. Based on their marks in both Phase-I and Phase-II, candidates are called for the final round i.e Interview.

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