Federal Bank PO 2024: Latest News, Eligibility, Salary & Vacancy
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Table of Contents
Federal Bank is one of the leading private banks in India, with its headquarters in Aluva, Kochi. The Bank will soon release its Federal Bank PO Notification for recruiting Officers in Junior Management Grade 1 (Scale 1) in different bank branches. Federal Bank offers its customers various services, including internet banking, mobile banking, merchant banking, mutual funds, etc. It enlists staff to carry out its daily activities, and for doing so, it releases recruitment notifications.
About Federal Bank
The bank has more than 1,250 branches spread across several states in India. It also has Representative Offices overseas in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. The Federal Bank has a customer base of over 10 million, including 1.5 million NRI customers and an extensive network of settlement partners worldwide. The bank handled more than 15% of India’s total inward settlements of $79 billion in 2018, and it also has settlement arrangements with more than 110 Banks/Exchange Companies around the world.
The Bank is also listed in the BSE, NSE, and London Stock Exchange and has a branch in India’s first International Financial Services Centre (IFSC) at GIFT City. The Bank has been recognized as a Great Place to Work as well.
Federal Bank PO Recruitment 2024: Overview
| Designation | Federal Bank Officer Junior Management Grade 1 (Scale 1) |
| Conducting Bank | Federal Bank |
| Location | According to requirement |
| Application Mode | Online |
| Exam Mode | Online |
| Selection Process | 1. Online Aptitude Test (online) 2. Group Discussion (online) 3. Interview (in person) |
| Salary | ₹48,480 – ₹85,920 (per month) |
| Official Website | federalbank.co.in |
Federal Bank PO Exam Notification
Federal Bank has announced the recruitment for the post of Probationary Officer (PO) for the year 2024. It releases the notification on 31st July 2024. This is an excellent opportunity for post-graduates aiming to build a career in the banking sector.
Here is the official Federal Bank PO Recruitment Notification 2024 in pdf format:
Recruitment-Notification-Officer-in-JMG-I
Federal Bank Recruitment 2024 Notification for Probationary Officer (PO) will contain all the important information regarding the starting and ending dates, application procedure, eligibility conditions, job profile, salary, wages, benefits, etc. Students must examine the notification to study everything about the job and organize their preparation.
Federal Bank PO Exam Dates 2024
Here are the important dates for the Federal Bank PO 2024 Exam:
| Events | Date |
|---|---|
| Start Date of Application | July 31, 2024 |
| Last Date to Apply | August 15, 2024 |
| Mock Test Dates | August 23-26, 2024 |
| Online Aptitude Test | September 1, 2024 |
| Federal Bank PO Result | November 29, 2024 |
Federal Bank PO Application Process
The application process for Federal Bank PO is a crucial step because it determines the eligibility of the candidates for the post. The most essential step in the application process is to ensure that all the required documents are submitted on time. This includes the application form, required documents such as educational qualification certificates, work experience certificates, and other documents as required by the bank.
How to apply for Federal Bank PO?
- Step 1: To submit applications online, log on to Bank’s website, follow the link ‘Federal Bank Careers,’ and click the link ‘Recruitment Process of Officer in Junior Management Grade I.’
- Step 2: Read the notification, eligibility criteria, and instructions carefully. Now click the ‘Apply Now’ button hosted below the link ‘Recruitment Process of Officer in Junior Management Grade I’.
- Step 3: Enter your Valid Mobile Number, Email ID and set your Password. The Password should contain at least 8 characters with at least “1 digit, 1 alphabet, and 1 unique character”. This will be your registered Mobile Number, Email ID, and password throughout the process. Click the ‘SEND OTP‘ button to receive two OTPs in your mobile & email. Enter both OTPs on the screen and click the ‘Verify’ button.
- Step 4: Enter your Personal, Academic, Experience, References (Name, Address, Email ID & Telephone Number of three references excluding relatives and friends), and other details as required. Candidates shall fill all the fields in the registration portal correctly.
- Step 5: Modify details, if required, and Click ‘I Agree‘ in the declaration tab only after verifying the details entered by you. Candidates are advised to carefully verify the details in the registration portal themselves, as no change will be possible / entertained after clicking the ‘I Agree’ button.
- Step 6: Candidates can proceed to upload Photos & Signatures as per the required specifications. Refer the guidelines for scanning and uploading Photographs and Signatures.
- Step 7: Personal Data Form (as per the details entered in the registration portal) will be sent to the candidate’s registered email id for information/reference.
- Step 8: Click on the ‘Proceed to Pay‘ button. Application Fee details will be available on the screen Click on ‘Proceed to Pay’ only after verifying the Fee details.
Federal Bank PO Application Fee
The fees required for application differ depending on the students’ category. The application fees that must be paid to apply for the PO:
| Category | General / Others | SC / ST |
|---|---|---|
| Application Fee (₹)* | 700 | 140 |
Federal Bank PO Eligibility Criteria
1. Educational Qualifications
- Graduates or Post-Graduates from a University incorporated by an Act of the Central or State Legislature in India or other educational Institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act, 1956 or possess an equivalent qualification recognized by the Ministry of HRD, Government of India or approved by AICTE.
- Candidates should have a minimum aggregate of 60% or above throughout Class X, Class XII, Graduation, and Post-Graduation (if applicable).
2. Age Limit
- Candidates shall not exceed 27 years of age (should be born on or after 01.06.1997)
- However, candidates with at least one year experience in Banking, Financial Services and Insurance (BFS) Sector as on 01.06.2024 shall be eligible for relaxation of upper age limit by 1year and they shall not exceed 28 years of age (should be born on or after 01.06.1996).
- Age of SC/ST candidates shall not exceed 32 years (should be born on or after 01.06.1992).
3. Nationality
- Candidate must be a citizen of India.
Federal Bank PO Salary
Presently the starting Basic Pay applicable to Officers (in Scale I) is ₹48,480 in the scale of pay ₹48,480 – ₹85,920. The official will also be eligible for Dearness Allowance, Lease Rental/House Rent Allowance, City Conveyance Allowance, Medical and other allowances and perquisites as per rules in force from time to time. The cost to company per annum would be a minimum of ₹12.21 Lakh and maximum of ₹16.31 Lakh depending upon the place of posting and other factors. The Take Home Pay will be approximately ₹80,500 per month (excluding statutory deductions like Income Tax, Profession Tax, NPS etc).
Allowances that are calculated based on Federal Bank PO basic wages are:
| Allowance | Detail |
|---|---|
| Dearness Allowance (DA) | This is calculated based on the CPI and is revised quarterly. |
| House Rent Allowance / Lease Rental | This component is based on the location of the posting and usually varies from 7 to 9 percent of the Basic Pay. |
| City Compensatory Allowance (CCA) | This component, too, depends upon the location of the posting and is 0, 3, or 4 percent of the Basic Pay. |
| Medical and Other Allowances | According to the rules. |
Service Level Agreement
The selected candidates will be required to execute a Service Level Agreement upon joining the Bank undertaking to serve the Bank for a minimum of 2 years or to pay the Bank a sum of ₹50,000/- as the cost of training in case the candidate leaves the Bank before the completion of the service period (Subject to the Bank’s approval and norms followed).
Probation Period
Candidates selected as Officers in Junior Management Grade I will be on probation for 2 years.
Federal Bank PO Exam Admit Card
The Federal Bank has released the admit cards for the Probationary Officer (PO) 2024 Exam. This is a crucial document that candidates must carry to the examination hall. The Group Discussion & Personal Interview round will be conducted for the students chosen from the Online Aptitude Test. Here are the key details you need to know:
1. Release Date
- The admit cards were released on August 27, 2024.
2. How to Download the Admit Card
- Email Notification: Candidates will receive an email on their registered email ID with a link to download the admit card. Simply click on the link and follow the instructions to get your admit card.
- Official Website:
- Visit the official Federal Bank website: www.federalbank.co.in.
- Go to the “Careers” section.
- Find the link for the “Federal Bank PO 2024 Admit Card“.
- Log in using your registration number and password.
- Download and print multiple copies of the admit card.
3. Details Mentioned on the Admit Card
The admit card contains important information about the candidate and the examination, including:
- Candidate’s Name
- Roll Number
- Registration Number
- Photograph and Signature
- Exam Date and Time
- Exam Venue and Address
- Important Instructions
4. What to Do in Case of Discrepancies
- If you find any discrepancies in the details mentioned on your admit card, immediately contact the Federal Bank recruitment team at [careers@federalbank.co.in] or [1800-425-1199] for assistance.
Federal Bank PO Exam Pattern
The Students will be selected for the post of PO based on their performance in the Online test, Group discussion, and Interview while preparing the shortlisted students list.
The online test contain 6 sections:
| Name of the Sections | Number of Questions | Maximum Marks | Maximum Time |
|---|---|---|---|
| Verbal Ability / English Language | 20 | 20 | – |
| Logical Aptitude / Reasoning | 20 | 20 | – |
| Quantitative / Numerical Ability | 20 | 20 | – |
| General, Socio-economic & Banking Awareness | 15 | 15 | – |
| Computer Awareness & Digital Banking | 15 | 15 | – |
| Sales Aptitude | 10 | 10 | – |
| Total | 100 | 100 | 75 min (for all sections together) |
- A correct answer will fetch 1 mark and a wrong answer will fetch negative 0.25 mark.
- The date of Online Aptitude Test is tentatively scheduled on 01st September 2024.
- The Online Aptitude Test will be followed by a Psychometric Questionnaire for a maximum duration of 15 minutes. Candidates not attempting the Psychometric Questionnaire will be disqualified from the selection process.
2. Venues for Personal Interview
The Bank intends to conduct the Personal Interview at the following locations:
- Bangalore
- Chennai
- Ernakulam
- Hyderabad
- Mumbai
- Visakhapatnam
Federal Bank PO Syllabus
Before preparing to score well in the Federal Bank PO, students must clearly understand the syllabus and its subjects. The following subjects are included in the syllabus of the Federal Bank PO 2024 Exam:
| Subject | Syllabus |
|---|---|
| Reasoning | 1. Verbal Reasoning: • Verbal Ability • Reading Comprehension • Para Jumbles • Sentence Correction/Improvement • Substitution/Omission • Sentence Completion • Error Detection • Analogies • Fill in the Blanks • Closet Test 2. Analytical Reasoning: • Blood Relations • Direction & Distance • Coding & Decoding • Data Sufficiency • Syllogism • Seating Arrangement • Order & Ranking • Logical Reasoning • Data Interpretation • Input-Output • Puzzles 3. Numerical Ability: • Number Series • Simplification/Approximation • Quadratic Equations • Data Interpretation • Arithmetic • Number System • Average • Ratio & Proportion • Percentage • Profit & Loss • Interest • Time & Work • Speed & Distance • Mensuration |
| Quantitative Aptitude | Simplification, profit & loss, time & work, speed & distance, time & distance, data interpretation, etc. |
| English Language | 1. Reading Comprehension: This section involves understanding and interpreting passages, and answering questions related to the same. 2. Sentence Formation: This section involves forming sentences using words and phrases provided. 3. Verbal Ability: This section involves understanding and identifying vocabulary, grammar, and correct usage of words. 4. Error Spotting: This section involves identifying and correcting errors in given sentences. 5. Cloze Test: This section involves filling in blanks in given passages with appropriate words. 6. Para Jumbles: This section involves rearranging jumbled sentences to form a meaningful and coherent paragraph. 7. Fill in the Blanks: This section involves filling in the blanks with appropriate words to form correct sentences. 8. Sentence Correction: This section involves identifying and correcting the grammatical errors in given sentences. |
| General Awareness | Current affairs, banking, and financial awareness. |
| Computer Knowledge | 1. Introduction to Computers: Basic concepts of computer, Hardware and software, Input and output devices, Computer organization and architecture, and Operating systems. 2. MS Office: MS Word, MS Excel, MS Powerpoint. 3. Computer Networking: Networking basics, Network topologies, Network devices, LAN, WAN, Internet. 4. Database Management System: Database concepts, Database design, SQL queries, Relational database. 5. Web Technologies: HTML, CSS, JavaScript, XML Computer Security: Malware, Viruses, Firewalls, Network Security. 6. Programming Languages: C, C++, Java Algorithms and Data Structures: Searching and sorting algorithms, Trees and graphs, Data structures. 7. Cyber Security: Cybercrime prevention, Ethical hacking, Cryptography. |
| Digital Banking | 1. Introduction to Digital Banking: Overview of digital banking services and products, types of digital banking services, and benefits of digital banking services. 2. Mobile Banking: Introduction to mobile banking services, features of mobile banking, how to use mobile banking services, security measures for mobile banking. 3. Online Banking: Overview of online banking services, features of online banking, how to use online banking services, security measures for online banking. 4. Automated Banking: Introduction to automated banking services, features of automated banking, how to use automated banking services, security measures for automated banking. 5. Credit Card Banking: Overview of credit card banking services, features of credit card banking, how to use credit card banking services, security measures for credit card banking. 6. Investment Banking: Introduction to investment banking services, features of investment banking, how to use investment banking services, security measures for investment banking. 7. Payment Services: Introduction to payment services, features of payment services, how to use payment services, security measures for payment services. 8. Money Transfer Services: Overview of money transfer services, features of money transfer services, how to use money transfer services, security measures. |
Federal Bank PO Result
The Federal Bank has officially released the Final Result for the Probationary Officer (PO) 2024 Exam on November 29, 2024. This marks the culmination of the recruitment process, which included an online aptitude test, group discussion, and personal interview. Here are the key details:
1. How to Check the Result
- Visit the Official Website: Go to the official Federal Bank website: www.federalbank.co.in.
- Navigate to the Careers Section: Find the “Careers” section on the homepage.
- Locate the Result Link: Look for the link titled “Federal Bank PO 2024 Results” under the recruitment tab.
- Enter Your Details: Enter your Candidate ID and any other required information.
- Download the PDF: Download the result PDF and check the list of shortlisted candidates.
2. Details Mentioned in the Result PDF
The result PDF contains the following details:
- Roll Numbers: The roll numbers of candidates who have successfully cleared all stages of the recruitment process.
- Next Steps: Information about the next steps, including joining formalities and required documentation.
3. What’s Next for Shortlisted Candidates
Shortlisted candidates will receive further communication from Federal Bank regarding joining formalities, required documentation, and timelines. It is crucial to respond promptly to any instructions from the bank.
Federal Bank PO 2024 Result Download :- CLICK HERE
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Frequently Asked Questions
Q1. Is Federal Bank PO Good?
Federal Bank PO is considered a good job due to its attractive salary, comprehensive benefits, and opportunities for career growth. The role offers a structured salary with incremental increases, various allowances, and perks like medical benefits and travel allowances. Additionally, it provides a chance to develop leadership skills and gain experience in the banking sector.
Q2. Can a final-year graduation student apply for the Federal Bank PO exam?
Yes, final-year students waiting for their University/College to publish their results can apply for the Federal Bank exams.
Q3. What is the Probation period for the Federal Bank Probationary Officer post?
The probation period for the Federal Bank Probationary Officer post is 2 years.
Q4. When will Federal Bank PO Results be out?
At present, online registration has not started. Students must check the official website regularly to know about the latest notifications.
Q5. How to Become a PO in Federal Bank
To become a PO in Federal Bank, you need to follow these steps:
1. Educational Qualification: Complete a bachelor’s degree in any stream.
2. Eligibility: Ensure you meet the eligibility criteria set by the bank.
3. Apply: Visit the Federal Bank’s official website and apply for the PO position.
4. Exams: Clear the online aptitude test, group discussion, interview, and document verification stages.
5. Internship: Complete a 24-month internship program.
6. Service Agreement: Sign a service level agreement to commit to a minimum period of service.
Q6. What is the Federal Bank PO age limit?
Students older than 27 years (32 years for SC/ST) will not be allowed to apply for the Federal Bank PO as of the date mentioned in the official notification.
Q7. What is the Salary of Federal Bank PO?
The starting salary for a Federal Bank Probationary Officer (PO) is INR 48,480 per month. After completing the mandatory probation period of two years, the salary can increase to INR 80,500 per month. The annual package ranges between INR 12.21 lakhs and INR 16.31 lakhs, depending on the location and other factors.