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IBPS PO 2023 Vacancy Exam Summary

Organization

Institute of Banking Personnel Selection (IBPS)

Post Name

Probationary Officer (PO)/ Management Trainee (MT)

Vacancy

3049

Participating Banks

11

Application Mode

Online

Registration Dates

01st to 28th August 2023

Exam Mode

Online

Recruitment Process

Prelims- Mains- Interview 

Education Qualification

Graduate 

Age Limit

20 years to 30 years 

Salary

Rs. 52,000 to 55,000

Official website

www.ibps.in

IBPS PO 2023 Important Dates

IBPS PO Notification

31st July 2023

Online registration start date

01st August 2023

Online registration last date

28th August 2023

IBPS PO Prelims Admit Card

September 2023

IBPS PO Preliminary exam date

September/October 2023

IBPS PO Prelims Result

October 2023

IBPS PO Mains Admit Card

October/November 2023

IBPS PO Mains Exam date 2023

November 2023

IBPS PO Mains Result

December 2023

IBPS PO Interview call Letter

January/February 2024

Conduct of Interview

January/February 2024

IBPS PO 2022 Provisional Allotment

April 2024

Participating Banks

Total of 11 Banks participate in the recruitment, a candidate has to choose which bank he/she prefers and simultaneously he/she has to select all bank

  1. Bank of Baroda
  2. Canara Bank
  3. Indian Overseas Bank
  4. UCO Bank
  5. Bank of India
  6. Central Bank of India
  7. Punjab National Bank
  8. Union Bank of India
  9. Bank of Maharashtra
  10. Indian Bank
  11. Punjab & Sind Bank
bank-po-exam-classes-in-vasai-virar

IBPS PO 2023 Salary Structure

The initial in-hand salary package offered to an IBPS Probationary Officer is Rs. 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around Rs. 57,000 and after a deduction, the net in hand salary remains around Rs. 52,000 to 55,000. The Salary structure breakdown for IBPS PO 2023 is mentioned in the table below.

IBPS PO Salary Structure 2023

Basic Pay

Rs. 36,000

Special Allowance

Rs. 5904

Dearness Allowance

Rs. 9424

Other DA

Rs. 1702.75

Learning Allowance

Rs. 600

House Rent Allowance

Rs. 3200

CCA/LOC A

Rs. 1400

Gross salary with HRA

Rs. 58,271.55

IBPS PO 2023 Application Fee

Sr. No.

Category

Application Fee

1

SC/ST/PWD

Rs.175/- (Intimation Charges only)

2

General and Others

Rs. 850/- (App. Fee including intimation charges)

ibps-po-exam-classes-in-vasai-virar

Promotional Channels – As the career of the probationary officer grows the scale and salary of the person increase.

 MMGS II (Middle Management Grade Scale-II): The Basic salary ranges from 31705 to 45950.

 MMGS II (Middle Management Grade Scale III): The Basic salary usually ranges from 42020 to 51490.

 SMGS IV (Senior Management Grade Scale IV): The Basic salary usually ranges from 50030 to 59170.

 SMGS V (Senior Management Grade Scale V): The Basic salary usually ranges from 59170 to 66070.

How good is IBPS PO Job? Let’s see the promotion designation of a PO through various steps:

  • Level 1- Probationary Officer: The basic training phase of PO where he learns all the basic responsibilities he has to take.
  • Level 2- Assistant Manager: The work of an Assistant Manager is same as that of a PO. It’s just that this post is confirmed and not on a probation period.
  • Level 3- Branch Manager: The branch manager leads the whole bank branch.
  • Level 4- Chief Manager: The chief manager takes the responsibility of the main branch in a city i.e. a bigger branch.
  • Level 5- AGM: The Assistant General Manager takes care of a group of the branch in a region.
  • Level 6- DGM: The Deputy General Manager takes care of branches in a bigger zone or no. of the region.
  • Level 7- CGM: The Chief General Manager heads a circle like a complete branch of a state.
  • Level 8- GM: The General Manager has a higher responsibility of taking care of all the branches globally. He takes multiple duties and roles.

IBPS PO Eligibility Criteria

Graduation Degree: The eligibility criteria for the IBPS CRP exam is as basic as a graduation degree (BA, BCom, BSc, B.Tech or as such) in any discipline from a University recognized by the Government of India. Any such candidate who has received equivalent qualification which is recognized by the Central Government is also eligible to apply for this exam.

The candidates must be in possession of a valid Mark-sheet / Degree Certificate that certifies that they are a graduate on the day they register for this exam, and must indicate the percentage of marks obtained in Graduation while registering for the IBPS Bank-PO examination.

Computer Literacy: Working knowledge of computer systems is necessary for the job as well as to give the IBPS PO exam which is conducted in online mode.

Language Proficiency: Verbal and written proficiency in the official language of the State/UT is desirable. The candidate must be able to read, write and speak the language.

  1. Citizen of India
  2. Subject of Nepal or Bhutan
  3. Tibetan refugees who came to India before 1st January 1962 with the intention of permanent settlement.
  4. Person of Indian Origin (PIO) who has migrated from Burma, Pakistan, Sri Lanka, Vietnam or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, Malawi, with the intention of permanent settlement in India Candidates belonging to the category 2, 3, 4 must have a certificate of eligibility issued by the Govt. of India in their favor.
  1. Candidates must hold a Graduation degree in any discipline from a recognised University or any equivalent qualification which is recognised by the Central Government. They should ensure that the passing certificate should indicate the degree pass date in it.
  2. Prospective applicants who are in the Final Year/ Semester of their Graduation may also apply on a provisional basis. However, this is subject to the condition that at the time of the interview, they’ll need to produce proof that they have passed the graduation examination.
  3. Candidates who have an Integrated Dual Degree (IDD) certificate need to ensure that the date of passing of the IDD is as mentioned in the notification
  4. Candidates who possess Chartered Accountancy qualification are also eligible to apply.
  5. As per the IBPS PO qualification criteria, the candidates should indicate the percentage obtained in Graduation degree and calculate it to the nearest two decimals in the application form. For cases where CGPA is awarded, applicants should convert the grade into percentage and indicate it in the online application form.
  6. For the IBPS PO eligibility percentage, candidates with less than 60% in their graduation are also eligible to take the IBPS PO exam. The Board prescribes no minimum percentage in Graduation for the IBPS PO

Our Successful Students in Competitive Exams like IBPS-Clerk, SBI-Clerk, SBI-PO, SSC, Railway & Insurance

IBPS PO Age Limit

Candidates applying for the IBPS PO exam should not be below 21 years and not above 30 years.

 

Category

Age Relaxation

General Category

0 years

Scheduled Caste(SC)

5 years

Scheduled Tribe (ST)

5 years

People affected by the 1984 riots

5 years

Kashmiri Migrants

5 years

Other Backward Classes (Non-Creamy Layer)

3 years

PWD (Gen/EWS)

10 years

PWD (SC/ST)

15 years

PWD (OBC)

13 years

Ex-servicemen, ECOs, SSCOs who have rendered 5 years of military service.

5 years

IBPS PO Exam Pattern

The Exam pattern of IBPS PO is in 3 Stage:

The Composite time for Prelims exam is of 60 minutes for 100 Marks and consists 100 questions.
Prelims exams rewards 1 mark for every correct answer and deducts 0.25 marks for every incorrect answer 

S.No.Name of Tests
(Objective)
1English Language303020 Minutes
2Quantitative Aptitude353520 Minutes
3Reasoning Ability353520 Minutes
Total1001001 Hour

The Composite time for Mains exam is of 160 minutes for 200 Marks and consists 190 questions.
Mains exams rewards 1 mark for every correct answer and deducts 0.25 marks for every incorrect answer.

S.No.

Section

No. of Questions

Maximum

Marks

Time allotted
for each
test

1

Reasoning & Computer Aptitude

50

60

45 minutes

2

General / Financial Awareness

40

50

35 minutes

3

English Language

40

40

35 minutes

4

Quantitative Aptitude

50

50

45 minutes

Total

190

200

160 Mins

  • Marks obtained in the Preliminary Exam (Phase-1) will not be considered for final selection.
  • Candidates must qualify Phase-2 to be eligible for final merit.
  • The aggregate score out of 100 is used for the final merit list for each category. Candidates with top merit rank in each category are finally selected.

IBPS PO Syllabus

The IBPS PO Prelims Syllabus will comprise of three sections:

Logical Reasoning

Subject

Topic

Logical Reasoning

  1. Alphanumeric Series
  2. Ranking/Direction/
  3. Alphabet Test
  4. Data Sufficiency
  5. Coded Inequalities
  6. Seating Arrangement
  7. Puzzle
  8. Syllogism
  9. Blood Relations
  10. Coding-Decoding

Quantitative Aptitude

Subject

Topic

Quantitative Aptitude

  1. Simplification
  2. Profit & Loss
  3. Mixtures & Alligations
  4. Simple Interest & Compound
  5. Interest & Surds & Indices
  6. Work & Time
  7. Time & Distance
  8. Mensuration – 2D
  9. Data Interpretation
  10. Ratio & Proportion, Percentage
  11. Number Systems
  12. Sequence & Series
  13. Permutation, Combination &
  14. Probability

English Language

Subject

Topic

English Language

  1. Reading and Comprehension
  2. Synonyms and Antonyms
  3. Idioms and Phrases
  4. Vocabulary Test
  5. Phrasal Verbs
  6. Fill in the qualifying words
  7. Cloze Test
  8. Para jumbles
  9. Error Spotting
  10. Fill in the blanks
  11. Miscellaneous

The IBPS PO Mains will have four sections.

  1. Reasoning and Computer Aptitude

Subject

Topic

Reasoning

1.      Verbal Reasoning

2.      Syllogism

3.      Circular Seating Arrangement

4.      Linear Seating Arrangement

5.      Input-Output

6.      Blood Relations

7.      Directions and Distances

8.      Ordering and Ranking

9.      Data Sufficiency

10. Coding & Decoding

11. Code Inequalities

12. Course of Action

13. Analytical and Decision making

Computer Awareness

1.      Internet

2.      Memory

3.      Keyboard Shortcuts

4.      Computer Abbreviation

5.      Microsoft Office

6.      Computer Hardware

7.      Computer Software

8.      Operating System

9.      Networking

10. Computer Fundamentals/ Technologies

 

  1. Numerical Ability

Subject

Topic

Numerical Ability

1.      Tabular Graph

2.      Line Graph

3.      Pie Chart

4.      Bar Graph

5.      Missing DI

6.      Caselet DI

7.      Miscellaneous

8.      Data Sufficiency

9.      Probability

10. Permutation and Combination

 

  1. English language

Subject

Topic

English

1.      Reading Comprehension

2.      Grammar

3.      Vocabulary

4.      Verbal Ability

5.      Fillers

6.      Sentence Improvement

7.      Para Jumbles

8.      Cloze Test

9.      Error Spotting

10. Fill in the blanks

 

  1. General Economy/ Banking Awareness

Subject

Topic

General Economy/ Banking Awareness

1.      Financial Awareness

2.      Static Awareness

3.      General Knowledge

4.      Current Affairs

5.      Banking and Financial Awareness

 

IBPS PO Cut off

There are many factors which would affect the IBPS PO Cut Off . The most important factors which would affect the IBPS PO Cut Off will include:

  • Candidates’ performance in the exam
  • Number of applicants
  • Number of vacancies
  • Previous years’ cutoff trend.
YearsPrelims Cut Off Mains Cutt Off
201659.2570.94
201764.591.9
201863.25100.16
201961.591.9
202069.7576
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