The banking sector plays a major role in our economy. The banking job offers good payments and other beneficial perks. It is an ever-growing industry with a huge number of opportunities paying lucrative salaries. Banking jobs provide stability to one’s career and offer many opportunities for growth in it. Banks are key factors in controlling and handling the economy of any nation. As long as there will be nations and their economies, people will need banks.
The banking industry not only offers a handsome salary to its employees but also furnishes them with added benefits such as a pension, medical benefits, low rate of interest benefits, etc. For as long as there is money, banks will be required to regulate its flow among its users. Working in the banking sector is not an easy task. It demands willpower to make a career in it. Yes, it is challenging, but if you want all its benefits, you must be ready to endure all these challenges. If you are someone who is ready to do it, then you must surely give it a try.
The banking sector gives a lot of freedom to the candidates for some of its job profiles. Anyone, from any educational background, be it engineering, computer science, pharmacy, science, commerce, arts, law, marketing, graduate, postgraduate can apply for these job profiles.
Almost all the jobs in the banking sector have fixed timings. This gives the employee enough time to pursue some of his hobbies or to spend time with his near and dear ones.
All of these reasons attract a large number of aspirants every year who apply for a job in the banking industry. A large number of candidates applying for the job also implies that the competition is cut-throat.
The probation officer (PO) is an entry-level post. It offers a lucrative career thus making it a highly sought-after career option. Anyone from any field of education, be it graduate or post-graduate can apply for this job. The PO is kept under a probation period of a minimum of 2 years. In these two years, PO is trained to perform administrative tasks related to the bank. They can be asked to perform the role of a clerk or some kind of assistance role. After the end of the probation period, the probation officer is promoted to the post of Assistant Bank manager. A bank expects good communication skills and a problem-solving attitude in a tense situation from a PO. PO’s check cash balance, incongruities in demand drafts, and issuing of ATMs.To clear the PO exam, you will be required to clear three phases to get selected. Prelim, Mains, and Interview. If you are already preparing for the exam, you can take the free SBI PO mock test with Oliveboard to assess your preparation. This is indeed one of the best ways to keep a constant check on your preparation level. The salary of an SBI PO is Rs 42,000-Rs 47,000 per month.
Reserve Bank of India (RBI) is the central regulatory authority in India and is one of the most prestigious organizations of India. RBI overlooks all the activities of banks including government as well as private banks in India. The RBI grade-B officer is a high-paying job and draws a lot of respect from society. It allows anyone who graduated from any field to apply for this position. RBI takes a written screening test to select candidates for this job profile. The RBI Grade-B officer role comes with a lot of responsibilities. They are required to manage accounts, issue, and circulation of money, etc. The salary of an RBI grade-B officer is expected to be Rs 77,000 per month.
- NABARD Development Assistant
National Bank for Agriculture and Rural Development (NABARD) is the highest regulatory body for regional rural banks and issuing their licenses. The candidate wishing to apply for this post must be a graduate from a recognized university and should possess a minimum of 50% marks. The eligibility criteria might vary depending on the state where you are applying. The main role of a NABARD Development assistant is to deal with the policy-related issues under the state or the central government and hence take care of the rural and agricultural development. The task of the development officer is to research and analyze the data, resolve policy issues, and many more roles. The basic pay of a NABARD Development Assistant is Rs 14,650 and the monthly gross pay is around Rs 32,000.
The candidates aspiring to be SBI clerks should be graduates in any discipline. SBI takes a screening test to select candidates for this post. The growth opportunity with this post is huge, which can go up to the post of General manager. The job profile includes data entry, maintenance of the ledger, the opening of accounts, etc. Sometimes the clerk is also required to function as the head cashier. The salary of the SBI Clerk is in the range of Rs 23,000 to Rs 26,000
- NABARD Grade A & B officer
The Grade A and B officer roles at NABARD are managerial roles. For the Grade A officer role, the educational qualification of the candidate must be graduation, MBA, or Chartered Accountancy. For the Grade B officer role, the candidates are required to be graduated with at least 60% marks. NABARD conducts an exam to select candidates. Both these posts have a lot of responsibilities but at the same time, the growth opportunity is immense. Grade A officer post is highly bureaucratic and she/he deals with various policies and programs which are introduced by the central or state government. The role of a Grade B officer is somewhat similar to the role of a Grade A officer. Both of these posts start at the assistant manager and can go up to Executive Director. The salary of a Grade A officer is around Rs 74,000 per month while that of a Grade B officer is around Rs 60,000 per month.
RBI is one of the most prestigious organizations in India and every banking job aspirant dream to fetch a job in this central bank. Any job role at RBI comes with great responsibilities as well as respect. The RBI assistant is responsible for replying to the public mails and replying to the RTI queries. RBI requires the candidates to have at least 50% marks in their graduation to be eligible for the job post. It conducts its own screening test to select candidates for the post of RBI assistant. The job role includes a lot of data handling and entry, maintenance of the ledger, balance tally, verification of bank documents, the responsibility of issue and flow of cash, etc. By clearing an internal examination, willing candidates can get promoted to higher posts. The total monthly emolument is around Rs 24,500/- per month plus other allowances and facilities.
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