Frequently Asked Questions on Bank Exams

FAQ on Bank Exams

Q 1. What is the salary of a Bank PO?

Ans. The salary of a Probationary Officer who qualifies the bank exams varies between Rs. 5 lacs to Rs.10 lacs per annum. 

Q 2. Which are the most popular bank exams?

Ans. Given below is the list of the most common bank exams that are conducted in the our country:

SBI Probationary Officer Exam

IBPS Probationary Officer Exam

RBI Grade B Officer Exam

SBI Junior Associate Exam

IBPS Clerk Exam

RBI Assistant Exam

IBPS RRB Probationary Officer Exam

Q 3. Which are the major posts for which bank exams are conducted?

Ans. There are various posts for which various Banking Organisations conduct their recruitment process, but out of these various posts there are three main posts for which bank exams are conducted their recruitment process in India.  This includes:

Bank Probationary Officer (Bank PO)

Bank Specialist Officer (Bank SO)

Assistant/ Clerical Cadre (Bank Clerk)

Q 4. Which is the easiest bank exam?

Ans. The level of bank exam depends on totally on questions papers. Question papers are mostly moderate, and any well-prepared candidate can easily qualify any bank exam. However, more than the standard of the paper, the competition to qualify the exam is much tougher.

Q 5. What to study to qualify the bank exams?

Ans. Given below are the five major subjects which are a part of almost every bank exam and preparing them can help any candidates to qualify the bank exam:

Reasoning Ability and General Intelligence

Quantitative Aptitude and Numerical Ability

General/Banking/Finance Awareness

English Language and Verbal Ability

Computer Awareness

The subjects mentioned above are the most common ones which are included in the bank exam syllabus. Candidates must always check the official notification for the latest syllabus and exam pattern.

Q 6. Can I qualify for Bank exams without Coaching?

Ans. Yes, a candidate can prepare for bank exams without coaching. They require the best books, sufficient study material and quality time dedicated to self-study, to qualify the exam.

Q 7. What is the salary of a Bank PO?

Ans. The annual salary of a Bank PO in a Public Sector Bank is approximately Rs. 12 to 13 lacs and the annual Bank PO salary in a Private sector Bank is approximately Rs.5 to 6 lacs.

Q 8. Which Bank PO salary is the highest?

Ans. Salary of a Probationary Officer in the State Bank of India is the highest in comparison to other Public or Private Sector Banks.

Q 9. What perks are provided to a Bank PO?

Ans. Apart from the decent Bank PO salary, there are various other perks provided to a Probationary Officer, these include:

House Rent Allowance

Travel Allowance

Dearness Allowance

Leave Fare Concessions (LFC)

Miscellaneous Allowances (Petrol, Daily Help, etc.)

Q 10. Is there a Provident Fund deduction in the bank salary?

Ans. Yes, Provident fund deduction is made from a bank employee’s salary.