Indian Bank PO 2023: Latest News, Eligibility, Salary & Vacancies
Table of Contents
Table of Contents
Indian Bank PO exam is conducted annually by Indian Bank to recruit aspirants who want to work as probationary officers in Indian Bank. Young and talented graduates interested in a career in banking are invited to apply to the one-year Post Graduate Diploma in Banking and Finance (Indian Bank PGDBF) program at the Indian Bank Manipal School of Banking (IBMSB), which was established in partnership between the Indian Bank and Manipal Global Education Service Pvt Ltd.
A preliminary and main online examination and a personal interview will be used to select candidates. A full-fledged banking career with Indian Bank as a Probationary Officer is guaranteed with admission to the PGDBF program at the Indian Bank Manipal School of Banking (IBMSB).
Indian Bank Exam is a complete three-stage selection process, including a preliminary exam, a main exam, and a personal interview. The preliminary exam tests the candidate’s knowledge of the English language, quantitative aptitude, and reasoning ability. The main exam focuses on subjects such as general awareness, reasoning and computer aptitude, financial awareness, and analytical ability. The personal interview is an opportunity for the candidate to showcase their communication skills, confidence, and overall suitability for the role of the Indian Bank Probationary Officer.
Indian Bank PO 2023: Overview
| Organization | Indian Bank |
| Post Name | Probationary Officers (PO) |
| Vacancy | Not specified |
| Participating Banks/Bodies | Indian Bank |
| Application Mode | Online |
| Exam Mode: online or offline | Online |
| Recruitment Process | The recruitment process for Indian Bank PO 2023 consists of a preliminary exam, a main exam, and a personal interview. |
| Education Qualification | Candidates must have a bachelor’s degree with a minimum of 55% marks (50% for SC/ST candidates) from a recognized university or institution. |
| Age Limit | Candidates must be between 20 and 30 as of January 1st, 2023. |
| Salary | Not specified |
| Official website | https://www.indianbank.in/ |
Indian Bank PO 2023 Exam Dates
The Indian Bank PO 2023 examination has a series of important events that candidates must keep track of. The official notification for the Indian Bank PO 2023 is yet to be released. The registration process is expected to start shortly after the release of the notification and end a few weeks later. The admit card for the Indian Bank PO 2023 is expected to be released in September 2023. The preliminary exam is expected to be held in October 2023, while the main exam is expected to be held in November 2023. The result for the preliminary exam is expected to be announced in November 2023, followed by the result for the main exam. Candidates must keep checking the official Indian Bank website for any changes to the schedule.
| Events | Tentative Dates |
| Indian Bank PO Notification 2023 | August 2023 |
| Registration Start | Shortly to be announced |
| Registration Ends | Shortly to be announced |
| Indian Bank PO Admit Card release | September 2023 |
| Indian Bank PO Exam Date | Prelims: October 2023 Mains Exam: November 2023 |
| Indian Bank PO Result | Prelims: November 2023 Mains Exam: November 2023 |
Indian Bank PO Vacancies
It should be noted that the vacancies are revised per the bank’s needs every year—a complete list of vacancies by the Indian Bank in the official notification will be released on their website. On the contrary, the no. of vacancies is calculated by requirements from branches of Indian Bank all over India. Candidates from SC/ST, OBC, and PWD have reservation criteria.
Indian Bank PO 2023 Eligibility Criteria
The eligibility criteria for the Indian Bank PO 2023 examination (as on the opening date when registration starts) are as follows:
Age:
- Candidates must be between 20 and 30 as of the opening date when registration starts.
- Age relaxation is provided for certain categories as per government norms. For example, there is an age relaxation of 5 years, particularly for SC and ST candidates, and for OBC (Non-creamy layer), there is an age relaxation of 3 years.
Qualification:
- Candidates must have a bachelor’s degree with a minimum of 55% marks (50% for SC/ST candidates) from a recognized university or institution.
- Candidates appearing for the final year examination can also apply, but their admission will be provisional and subject to the submission of proof of passing the bachelor’s degree examination.
Nationality:
- Candidates must be a citizen of India.
- Non-resident Indian (NRI), Persons of Indian Origin (PIO), and Overseas Citizen of India (OCI) candidates are also eligible to apply.
It is important for candidates to thoroughly review the eligibility criteria before applying for the Indian Bank PO 2023 examination to ensure they meet the requirements.
Indian Bank PO Application 2023
The Indian Bank PO 2023 examination involves a multi-step application process that candidates must complete to secure their place in the examination. The application process is an important aspect of the recruitment process, and candidates must ensure they complete it correctly and on time to be considered for the examination. In this section, we will discuss the application fees and the steps involved in the application process.
Application Fees:
The Indian Bank PO 2023 examination requires candidates to pay a non-refundable application fee. The fee amount and the mode of payment will be specified in the official notification. Candidates must ensure they have the funds available before starting the application process.
How to apply?
The Indian Bank PO 2023 application process can be divided into the following steps:
Step 1: Visit the official Indian Bank website.
Step 2: Find the Indian Bank PO 2023 application link and click on it
Step 3: Read the official notification carefully and ensure you meet the eligibility criteria
Step 4: Fill in the application form with all the required information, including personal details, educational qualifications, and other relevant information
Step 5: Upload scanned copies of the required documents, including passport-sized photographs and signature
Step 6: Pay the application fee using the specified mode of payment
Step 7: Review the information you have provided and make sure it is correct
Step 8: Submit the application form and take a printout of the confirmation page for future reference.
Note: It is important for candidates to review the information they provide in the application form thoroughly and to ensure that it is accurate and complete. Incorrect information or incomplete applications can result in disqualification, so paying attention to every detail during the application process is crucial.
The Indian Bank PO 2023 application process is important in securing your place in the examination. By following the steps outlined above and paying attention to the details, candidates can ensure a successful and smooth application process.
Pre Examination Training
All qualified candidates who choose to participate in and benefit from Pre-Examination Training should complete the corresponding field in the ONLINE APPLICATION. While training is free, candidates must cover all other costs associated with travel, boarding, lodging, etc. to participate in the pre-examination training program at the approved Centers. The bank has the right to amend arrangements, add additional centers, or cancel any pre-examination training centers. The candidate has no right to be chosen for the Bank only by attending the Pre-Examination Training.
Indian Bank PO Admit Card
The Indian Bank PO Admit Card is crucial for candidates appearing for the Indian Bank PO 2023 examination. It acts as a form of identification for the candidate on the day of the examination and contains important information about the candidate and the examination. This section will discuss how to download the admit card, the details included in the admit card, and the exam center details.
Downloading the Admit Card:
Candidates can download their admit card from the official Indian Bank website by entering their registration number and other required information. Candidates must download the admit card well before the examination date to avoid any last-minute technical issues.
Admit Card Details:
The Indian Bank PO Admit Card contains the following details:
- Candidate’s name
- Registration number
- Roll number
- Examination center name and address
- Examination date and time
- Candidate’s photograph and signature
- Other important instructions related to the examination
Indian Bank PO Exam Centers:
The admit card also contains the examination center details allotted to the candidate. Candidates must reach the examination center before the examination time to avoid delays. They must carry their admit card and a valid photo ID proof to the examination center for verification.
Indian Bank PO Exam Pattern
The selection of candidates depends on three stages:
- Preliminary Exam
- Main Exam
- Interview Round
A candidate must first clear the preliminary exam to appear in the main exam. After qualifying for the main exam, the candidate will sit in the interview round. In addition to this, after passing the interview round, the candidate gets the offer to become a probationary officer. The candidates’ final recruitment will then occur as per the vacancy requirement of the bank.
But before being recruited as a probationary officer, all selected candidates must complete a one-year PGDBF course at the Indian Bank of Manipal School of Banking.
Preliminary Exam Pattern:
The Preliminary Exam is an objective type exam consisting of 100 multiple-choice questions. The duration of the exam is 1 hour. The sections included in the exam are English Language, Numerical Ability, and Reasoning Ability. Each section consists of 35 questions, and the total marks for the exam are 100.
| SECTION | TOTAL QUESTIONS | TOTAL MARKS | DURATION |
| English Language | 35 | 30 | 20 minutes |
| Quantitative Aptitude | 35 | 35 | 20 minutes |
| Reasoning Ability | 35 | 35 | 20 minutes |
| TOTAL | 100 | 100 | 60 minutes |
Main Exam Pattern:
The Main Exam is also an objective exam consisting of 155 multiple-choice questions. The duration of the exam is 2 hours. The sections included in the exam are Reasoning and Computer Aptitude, General/Economy/Banking Awareness, English Language, Data Analysis and Interpretation, and Financial Management. Each section consists of a different number of questions, and the total marks for the exam are 200.
| SECTION | TOTAL QUESTIONS | TOTAL MARKS | DURATION |
| General and finance awareness | 40 | 40 | 35 minutes |
| English Language | 35 | 40 | 40 minutes |
| Data Analysis and Interpretation | 35 | 60 | 45 minutes |
| Reasoning Ability and Computer Aptitude | 45 | 60 | 60 minutes |
| TOTAL | 155 | 200 | 180 minutes |
Candidates must know the exam pattern to understand the format and prepare accordingly. They must practice regularly and solve mock tests and previous year’s question papers to understand the difficulty level and the types of questions asked.
In the Objective Tests, incorrect responses may be penalized. One-fourth, or 0.25 marks allotted to each question for which the applicant provided an incorrect response, may be subtracted as a penalty to determine the final result. A question may not be penalized if the candidate leaves it blank, i.e., does not mark an answer.
Indian Bank Exam Syllabus
The Indian Bank PO 2023 Syllabus is important for candidates preparing for the examination. The syllabus gives an insight into the topics and sections that will be covered in the examination. The syllabus for the Preliminary Exam and the Main Exam is different, and candidates must be aware of the syllabus to prepare effectively.
Preliminary Exam Syllabus:
English Language: This section will test candidates’ understanding of English and evaluate their reading and writing skills. The topics covered under this section are Reading Comprehension, Sentence Correction, Grammar, Vocabulary, and Verbal Ability.
Numerical Ability: This section will test the candidate’s mathematical skills. The topics covered in this section are Simplification, Average, Percentage, Time and Work, Time and Distance, Simple and Compound Interest, Profit and Loss, Ratio and Proportion, and Data Interpretation.
Reasoning Ability: This section will test the candidate’s reasoning and analytical skills. The topics covered in this section are Puzzles, Syllogism, Alphanumeric Series, Inequality, Seating Arrangement, Logical Reasoning, Coding and Decoding, and Blood Relations.
Main Exam Syllabus:
Reasoning and Computer Aptitude: This section will test the candidate’s reasoning and computer skills. The topics covered in this section are Puzzle, Syllogism, Alphanumeric Series, Inequality, Seating Arrangement, Logical Reasoning, Coding and Decoding, Blood Relations, computer basics, internet, memory, keyboard shortcuts, computer hardware and software, operating system, computer networking, computer abbreviations, and databases.
General/Economy/Banking Awareness: This section will test the candidate’s current affairs and banking awareness knowledge. The topics covered in this section are Banking Awareness, Current Affairs, Financial Awareness, and General Awareness.
English Language: This section will test candidates’ understanding of English and evaluate their reading and writing skills. The topics covered in this section are Reading Comprehension, Sentence Correction, Grammar, Vocabulary, and Verbal Ability.
Data Analysis and Interpretation: This section will test the candidate’s ability to analyze and interpret data. The topics covered in this section are Bar Graphs, Line Graphs, Pie Charts, Tables, Caselet, and Radar Graphs.
Financial Management: This section will test the candidate’s knowledge of financial management. The topics covered in this section are Financial Management, Corporate Finance, Security Analysis and Portfolio Management, Working Capital Management, Capital Budgeting, and Dividend Policy.
The Indian Bank PO Syllabus is comprehensive and covers many topics. Candidates must be well-versed with the syllabus and prepare accordingly to increase their chances of success. They must also practice regularly and solve mock tests and previous year’s question papers to get an idea of the difficulty level and the types of questions asked.
Indian Bank PO Salary
The Basic Pay of an Indian Bank PO starts at Rs. 23,700/- per month. This pay scale is revised annually, and candidates can expect a decent increment in their basic pay during their service with the bank.
Candidates can see the detailed Salary Structure pay below:
| Basic Pay | 23,700 |
| Dearness Allowance | 10,163.63 |
| Special Allowance | 1863 |
| City Compensatory Allowance | 3 to 4 percent |
| House Rent Allowance | 8.5 percent, 7.5 percent, or 6.5 percent depending upon the location of the posting |
The salary structure of an Indian Bank Probationary Officer (PO) is designed to provide a competitive compensation package along with various other benefits and perks. The salary of a PO in an Indian Bank includes Basic Pay, Dearness Allowance (DA), House Rent Allowance (HRA), and other perks and benefits as per the bank’s rules.
In addition to the basic pay, DA, and HRA, Indian Bank POs are entitled to various other benefits and perks, such as medical facilities, housing loan facilities, provident funds, gratuities, and more.
The Indian Bank also provides its employees with several insurance policies, such as life insurance, health insurance, and more. Indian Bank also offers its employees several training and development programs, including on-the-job and off-site training. These programs help the candidates to acquire new skills and knowledge and grow professionally within the bank.
Indian Bank PO Exam Results
The Indian Bank PO 2023 Result will be released online on the bank’s official website. The result will be announced in the form of a merit list, which will include the names of the candidates who have qualified for the next round of the selection process. To check the result, candidates must provide their login credentials, such as their registration number and date of birth.
Indian Bank PO Cutoff:
The bank will declare the Indian Bank PO 2023 Cutoff marks after the conclusion of each round of the selection process. The cutoff marks are determined based on various factors, including the number of candidates appearing for the exam, the difficulty level of the exam, and the number of available vacancies. The cutoff marks for the preliminary and main examinations will be declared separately, and the marks obtained by the candidates in both exams will be considered for the final selection.
The Indian Bank PO exam was last held in 2018. Since then, there has been no recruitment for the post of probationary officer.
Preliminary Examination
Indian Bank PO Result gets declared first. After that, only the cut-off is prepared by the exam conducting body.
| Category | Reasoning Ability | English Language | Quantitative Aptitude | Total |
| General | 14.00 | 13.25 | 8.50 | 68.75 |
| SC | 9.75 | 9.75 | 5.25 | 60.25 |
| ST | 9.75 | 9.75 | 5.25 | 52.00 |
| OBC | 9.75 | 9.75 | 5.25 | 67.25 |
| HI | 9.75 | 9.75 | 5.25 | 30.00 |
| OC | 9.75 | 9.75 | 5.25 | 62.25 |
| VI | 9.75 | 9.75 | 5.25 | 67.00 |
| ID | 9.75 | 9.75 | 5.25 | 27.00 |
For Mains Examination
Likewise, in the Indian Bank PO Results for Prelims exams, the main exam results get declared first. Consequently, after it, the cut-off is released.
| Category | Reasoning & Computer Aptitude | General Economy & Banking Awareness | English Language | Data Analysis & Interpretation | Descriptive Paper |
| General | 32.00 | 12.50 | 17.50 | 32.00 | 7.50 |
| SC | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
| ST | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
| OBC | 25.75 | 9.00 | 13.00 | 25.50 | 6.25 |
| HI | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
| OC | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
| VI | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
| ID | 23.50 | 7.75 | 11.50 | 23.50 | 6.25 |
Candidates need to note that clearing the cutoff marks is mandatory to be eligible for the next round of the selection process or to be selected for the post of Probationary Officer in the Indian Bank. Candidates who fail to secure the minimum cutoff marks will be disqualified from the recruitment process.
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FAQ’s
What is the probation period for Indian Bank Probationary Officer?
The probation period for the probationary officer will be two years. Therefore, probationary officers will get confirmation of their posts only after the completion of this period.
How many vacancies have been released?
The number of vacancies will be published after the Indian Bank releases the official notification about the exam. However, the official announcement releases on the official website of the Indian Bank, i.e., Indian bank.
Can a final-year graduate student apply for the Indian Bank PO exam?
No, a final-year graduate student cannot apply for the Indian Bank PO exam. Additionally, the minimum eligibility for the exam is a graduation degree from a recognized university with a minimum of 60% marks (55% for reserved categories).
What are the age criteria to apply for the Indian Bank PO exam?
A candidate should be a minimum of 20 years of age to apply for this exam. Specifically, the upper age limit for general-category individuals is 30 years. In contrast, there is an age relaxation of the upper limit for reserved categories like SC/ST, OBC, PWD, and others reserved.
What is the mode of the Indian Bank PO exam?
The Indian Bank PO exam is conducted online mode. This means the candidates will have to take the exam on a computer or laptop connected to the internet. The online mode provides a convenient, fast, and secure way for candidates to take the exam. The online mode also ensures that there is no possibility of any discrepancy or misconduct during the exam.
What is the Indian Bank PO salary?
The salary of an Indian Bank PO is handsome and offers a good standard of living. Indian Bank PO receives a starting salary of Rs. 23,700. In addition to the salary, Indian Bank PO is also entitled to other benefits such as DA, HRA, medical allowances, travel allowances, and other benefits as per the bank’s rules.