One of the most lucrative jobs in India with good pay package, perks and incentives, and other added benefits is bank jobs. The Banking sector is one of the fastest growing sectors in the country and this has paved the path for many banking career opportunities. Whether it’s the private banks or the Government public sector Banks, Nationalized banks, Scheduled Banks, and other Government undertaking Banks, there are many opportunities available in bank jobs in the country. The craze for government jobs is quite high in India, and that applies for jobs in the government banks as well.
There are 2 popular positions in bank jobs in India:
- Probationary Officer (PO): Here, the candidates have to work with the bank for a probationary period, which can be 1 to 2 years, and depending on their performance, they will be hired for permanent positions.
- Clerical jobs: Here, bank jobs in the position of clerk, typist, steno, clerk-cum-cashier, agricultural clerks, telephone operators, data entry operators are available.
Basic Eligibility Criteria for Bank Jobs in India
A minimum educational qualification of a bachelor’s degree in any discipline from a recognized university is the foremost requirement for bank jobs. A good percentage or percentile is recommended, though, for reserved categories, a minimum of 55% marks is required. Postgraduates, MBA degree holders are also suitable for bank jobs.
In some banks, for a clerical job position, the minimum required qualification can be 10 + 2 but a diploma degree with excellent practical knowledge is preferred. The candidate must be in the age group of 18 years to 28 years for clerical positions while in PO jobs, the age group should be between 21 and 30 years.
How to get jobs in Government Banks?
For public sector or government bank jobs, candidates need to qualify the written examination for various job profiles like Probationary Officers (PO), Specialist Officer (SO), Clerks (Clerical), and Management Trainees (MT). The exams are conducted every year by 4 main Government Institutes.
These institutes are as follows:
- The Institute of Banking Personnel Selection (IBPS): Candidates are chosen for bank jobs in the banks like as Central Bank of India, United Bank of India, Dena Bank, Oriental Bank of Commerce, Bank of Baroda, UCO Bank, Allahabad Bank, Indian Bank, Syndicate Bank, etc. The institute conducts the entrance test for the maximum number of banks in the country. The job positions are PO, Group A (Scale – 1 to 3) and Group B Assistants for Regional Rural Banks (RRBs), Clerical Cadre, Specialist Officers in government banks.
- National Bank for Agriculture and Rural Development (NABARD): NABARD conducts an entrance exam for the recruitment of Grade A (Assistant Manager) and Grade B Officer (Manager) to fill the vacancies all across the country. NABARD basically deals with the rural banks of the country.
- Reserve Bank of India (RBI): Candidates for RBI GRADE B OFFICER is chosen as per the entrance test conducted by RBI. It is one of the most prestigious bank jobs in India.
- The State Bank OF India (SBI): The State Bank of India conducts an entrance examination to fill the vacancies of the state banks of the country. SBI exam is conducted for two posts: Clerk and a PO post.
How to get jobs in Private Banks?
In private banks, professional candidates like engineers, MBAs, lawyers, CFAs are hired for varied job roles. Apart from the direct hiring of professionals, about 30% of candidates are hired through IBPS and CWE (common written examination). Candidates who clear the entrance exams for government banks can apply into a private sector bank directly through the official website of the private bank.
Some notable private banks in which candidates can expect a prospective career in bank jobs are HDFC Bank, ICICI Bank, Axis Bank, Federal Bank, IndusInd Bank etc.
How to get jobs in Foreign Banks?
Even for foreign banks, candidates can apply by clearing the IBPS or CWE exam or by having professional experience in the related field. International banks of repute are American Express, Bank of America, Standard Chartered, Royal Bank of Scotland, Citibank etc.