Bank PO : Bank Probationary Officer
What is a Bank PO or a Bank Probationary Officer:
Bank PO is a the name of the managerial level post offered in various PSU Banks in India. The form form of PO is Probationary Officer. Bank PO is a entry level managerial bank job.
Why is it called a Probationary Officer:
Generally PSU Banks given 1-2 years, on-the-job, training when they hire personnel at entry level. This training it is multi-function training and it covers training on all aspects of banking functions including - Credit, Loans, Operations, Investments, Forex & Equity etc. So, during this training period, banks give this Probationary Officer designation.
What is the designation given after the completion of probation period :
Generally banks give Assistant Manager (AM) or Deputy Manager (DM) designation after the completion of probation period.
Can banks fire me within probation period or as a probationary officer:
For banks it is just a training period. If training is not completed within time, generally banks give more time (extended) to clear the probation.
What is the salary of Bank PO:
Salary of Bank PO (or Probationary Officer) is in the range of 25,000-35,000 which depends from Bank to Bank and location of posting. The highest salary is being offered by SBI and salary of a SBI PO is generally between Rs.35,000-Rs.60,000 depending from city to city.
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