Is IBPS PO a challenging job?

Bank jobs are very challenging and needs lot of care and presence of mind besides being intelligent. IBPS and SBI offer various posts to the graduates to take bank jobs as officers and clerks. BANK PO is one of the challenging posts as it involves various financial responsibilities which are answerable to public in general. They also act as controlling officers and hold a responsibility of the work accomplished by the junior clerks of the branch. Work profile is designed in such a way that they have to meet the targets which can lead to demotion if not completed in time. There are some challenging tasks which IBPS PO undertakes and these tasks are:

Now, let us discuss the type of work and there are around 26 to 28 parameters in banks for which targets are given to bank branches on monthly basis. The progresses done in bank branches are reviewed on quarterly basis. The main targets to be completed are given below: -

1.   CASA- CASA stands for “Current Account and Saving Account” in Indian banking system. It implies that CASA deposit is the amount of money which gets deposited in the current and saving accounts of bank customers. The managers expect a huge amount of money to be deposited from Government offices and bank customers in their respective accounts. The saving account portion of the deposited amount pays more interest than portion of the deposited amounts in current accounts.

2.   Provides Advances- In banking world, Advances means Loan and can be described as the advance of a specified sum of money to an individual or business (the borrower) by a Commercial Bank, Savings Bank. etc. (the lender). In technical terms, a bank loan can be described as a form of CREDIT which is extended for a specified period of time, usually on fixed-interest terms related to the base rate of interest, with the principal being repaid either in full on the appointed redemption date or on a regular installment basis. The managers expect to sanction loans to deserving bank customers.

3.   Collection or Recovery- In banking world, recovery refers to collection of a loan amount from a borrower in default. There are no proper recovery tools and managers have to visit very NPA borrower multiple times and ask them for repayment. Many times, borrower behaves rudely and tries to beat the recovery team and there is no support from any higher bank offices.

4.   Deals with Third Party Product- It refer to Insurance. The branch managers are expected to sell insurance policies of private company to its customers. It is considered to be hardest selling product where customers often decline in buying insurance policies. There are also Government Schemes, internal control etc.

On quarterly basis, the progress of managers is reviewed and nobody can achieve good marks in all 26 parameters. The managers are supposed to work till late evenings and also have to work on holidays. They should be mentally prepared for rural posting, frequent transfers, absurd accountability policy etc.

If you dream of an enterprising professional life then you can opt for BANK PO COACHING CHENNAI. It delivers one of the finest salary packages in the entering phases but one has to be prepared for tedious work load. It is also very responsible jobs where PO's have to handle financial transaction with precision and accuracy. In digitization era, the work load has increased but it also brought a lot of surprises and challenges. The banking sector of India is growing at rapid pace and there is great scope for future bankers, so try to be one among them.

All the Best!!!
Above content is Written by team of IBT INDIA
branch IBT Chennai, INDIA