IBPS PO Exam 2024 – Eligibility, Exam Pattern, Syllabus, Vacancies

The Institute of Banking Personnel Selection (IBPS) conducts the IBPS PO exam every year for the recruitment of Probationary Officers (PO) in various public sector banks in India. The IBPS PO exam is one of the most competitive banking exams in the country.

Thousands of aspirants appear for the IBPS PO exam every year to get a lucrative job as a Probationary Officer in a public sector bank. The exam is conducted in three stages – Prelims, Mains, and Interview. Candidates who clear all the three stages are finally selected as Probationary Officers.

The IBPS PO job comes with an excellent pay package, allowances and perks. This makes it one of the most sought-after government jobs for graduates in India.

This article provides a comprehensive overview of all key details related to the PO exam 2024 including eligibility criteria, exam pattern, syllabus, vacancies, salary and promotion prospects.

IBPS PO 2024 Exam Calendar

Here are the key exam dates for the IBPS PO 2024 recruitment:

  • Notification Release: August 2024
  • Application Start Date: August 2024
  • Application End Date: September 2024
  • Prelims Exam Admit Card: October 2024
  • Prelims Exam Date: October/November 2024
  • Prelims Result: November 2024
  • Mains Exam Admit Card: November/December 2024
  • Mains Exam Date: December 2024
  • Mains Result: January 2025
  • Interview Admit Card: January/February 2025
  • Interview Date: February 2025
  • Final Result: April 2025
  • Probation Period: 2 years

Candidates are advised to keep checking the official IBPS website regularly for any updates regarding the exact exam dates.

IBPS PO Eligibility Criteria 2024

The eligibility parameters prescribed by IBPS for the PO recruitment 2024 are given below:

  • Age: 20-30 years. Relaxation applicable as per government rules.
  • Educational Qualification: Graduate degree in any discipline from a recognized university.
  • Nationality: Indian citizens, Subjects of Nepal/Bhutan, Tibetan refugees.
  • Working Experience: Not required

Along with the above parameters, the candidate must also fulfill the below standard eligibility criteria:

  • Fluency in reading, writing, speaking English/Hindi
  • No criminal conviction or charges pending
  • Sound financial record – no loan defaults

IBPS may introduce some changes in the eligibility criteria for PO exam 2024. Hence candidates must refer to the official notification by IBPS to know the exact eligibility before applying.

IBPS PO Exam Pattern 2024

The IBPS PO selection process consists of three stages – Preliminary exam, Mains exam and Interview. Candidates have to qualify each stage to reach the next level. The detailed exam pattern is given below:

1. IBPS PO Prelims Exam Pattern

Section No. of Questions Maximum Marks Duration
English Language 30 30 20 minutes
Quantitative Aptitude 35 35 20 minutes
Reasoning Ability 35 35 20 minutes
Total 100 100 1 Hour

 

  • Objective MCQs with multiple choice answers
  • No negative marking for incorrect answers
  • Exam conducted online at designated centers
  • Candidates 20 times the vacancies will be shortlisted for Mains exam

2. IBPS PO Mains Exam Pattern

Section No. of Questions Maximum Marks Duration
Reasoning and Computer Aptitude 45 60 60 minutes
English Language 35 40 40 minutes
Data Analysis and Interpretation 35 60 45 minutes
General/Economy/Banking Awareness 40 40 35 minutes
General English 25 25 30 minutes
Total 180 225 3 Hours

 

  • Objective and descriptive questions
  • English section has letter writing and essay writing
  • Negative marking of 0.25 marks for every wrong MCQ answer

3. Interview

  • Candidates who qualify the Mains exam appear for the Interview round
  • 100 maximum marks
  • Questions from academics, interests, current affairs, banking topics
  • Candidate’s personality judged on parameters like communication, confidence, leadership skills etc.

The final selection will be based on the consolidated marks obtained in the Mains exam and Interview, after applying the requisite category-wise cut offs.

IBPS PO Syllabus 2024

The PO exam covers a wide range of topics from various subjects as per the prescribed syllabus. Having a good understanding of the latest syllabus and exam pattern will help candidates to prepare effectively for the exam.

Prelims Exam Syllabus

As seen from the exam pattern above, the Prelims exam tests candidates in three subjects:

1. English Language

  • Reading comprehension
  • Cloze test
  • Para jumbles
  • Fill in the blanks
  • Error spotting
  • Phrase replacements

2. Quantitative Aptitude

  • Simplification/approximation
  • Number series
  • Average
  • Percentage
  • Ratio and proportion
  • Mixture and allegation
  • Time and distance
  • Time and work
  • Profit and loss
  • Mensuration

3. Reasoning Ability

  • Alphanumeric/numeric series
  • Syllogism
  • Input output
  • Coding decoding
  • Inequality
  • Seating arrangement
  • Puzzles

The syllabus for Prelims is mostly based on topics from the 10+2 level.

Mains Exam Syllabus

The 5 sections in the IBPS PO mains exam test the following topics:

1. Reasoning and Computer Aptitude

  • Syllogism
  • Alphanumeric series
  • Analogies
  • Classification
  • Computer basics
  • Coding decoding

2. English Language

  • Reading comprehension
  • Cloze test
  • Para jumbles
  • Spellings
  • Idioms and phrases
  • Grammar rules
  • Essay writing
  • Letter writing

3. Data Analysis and Interpretation

  • Table/bar/pie charts
  • Line graphs
  • Case studies
  • Percentage
  • Ratio and proportion
  • Number system

4. General/Economy/Banking Awareness

  • Current affairs – business, sports, arts, science
  • Budget and five year plans
  • Financial and banking news
  • RBI and monetary policy
  • Banking terms and concepts

5. General English

  • Fill in the blanks (vocabulary based)
  • Synonyms/antonyms
  • Error spotting
  • Phrase replacement
  • Sentence rearrangement
  • Cloze test
  • Para jumbles

The syllabus covers a mix of topics ranging from verbal aptitude, data interpretation, computers, general awareness and English language.

IBPS PO Vacancies 2024

IBPS will release the PO notification 2024 providing details on the vacancies in the participating public sector banks under the exam.

  • The tentative PO vacancies for 2024-25 across 19 banks are expected to be more than 4000.
  • The vacancies will be further subdivided into posts reserved for different categories.
  • The highest number of vacancies are expected to be available in banks like:
    • Bank of Baroda
    • Bank of India
    • Canara Bank
    • Punjab National Bank
    • Union Bank of India
  • The vacancies advertised will only be provisional. The final vacancies may vary.
  • Candidates who score above the stipulated cut-off marks will be shortlisted for allotment to one of the participating PSBs.

The bank-wise and category-wise vacancies help candidates understand their probability of getting selected to a bank as per their category.

IBPS PO Salary Structure and Allowances

The pay package of an PO is one of the top reasons behind the huge competition for this exam. The detailed salary structure is given below:

  • Basic Pay – Rs.27, 620 per month (Rs. 36,571 with 4 advance increments)
  • Allowances
    • Dearness Allowance – Varies as per location (average 35% of Basic Pay)
    • House Rent Allowance
    • Special Allowance
    • Transport Allowance
    • Other perks
  • Average Total Monthly Emoluments – Rs.45,000 to Rs.60,000 plus other benefits
  • Other Benefits
    • Reimbursements
    • Medical insurance
    • Retirement benefits
    • Loans at subsidized interest rates
    • Discount on banking products

In addition to the good remuneration, the IBPS PO job offers excellent job security, promotions and transfers within PSBs.

Growth and Promotion Avenues for IBPS PO

Candidates selected as Probationary Officers enjoy fast track growth opportunities in their banking careers.

  • Probation Period – New POs are put under probation for 2 years during which they have to complete mandatory e-learning modules.
  • Career Progression – After completion of the probation period, IBPS PO officers are eligible for promotions through various scales:
    • Junior Management Grade Scale-I (JMGS I)
    • Middle Management Grade Scale-II
    • (MMGS II)
    • Middle Management Grade Scale-III (MMGS III)
    • Senior Management Grade Scale-IV (SMGS IV)
    • Senior Management Grade Scale-V (SMGS V)
  • Within 10-12 years, an IBPS PO can rise up to the level of Senior Manager or Chief Manager in the PSB they serve if they perform well consistently.

Hardworking and ambitious candidates can quickly rise up the ladder in a public sector bank through timely promotions.

How to Apply for IBPS PO Exam 2024

Candidates meeting all the eligibility criteria can apply online for the IBPS PO exam by visiting the official website www.ibps.in.

Follow the key steps below for submitting the IBPS PO online application form:

  • Visit the career section on the IBPS website
  • Click on the apply link for Common Recruitment Process for Probationary Officers/Management Trainees
  • Register by filling personal, contact and other details
  • An online application sequence number will be generated
  • Upload a scanned photograph and signature
  • Pay the application fee online (Rs.850 for SC/ST/PWD, Rs.600 for others)
  • Print the fully submitted application form with fee payment details

The online registration window will be open for around a month from the date of PO notification release. Applications submitted post the last date will not be accepted.

Final Tips for IBPS PO Exam Preparation

Here are some handy tips for aspirants to prepare efficiently for the IBPS PO 2024 exam:

  • Analyze the detailed PO exam pattern and syllabus
  • Create a realistic preparation schedule covering all sections
  • Solve previous years papers to understand the level of questions
  • Strengthen your fundamentals in Reasoning, English and Quant
  • Revise core banking, computer and GA topics thoroughly
  • Practice and improve your speed with mock tests
  • Maintain good health, fitness and stay stress free while preparing

The IBPS PO exam requires extensive preparation spanning over at least 6-12 months focused on aptitude and banking topics. Stay motivated and work diligently towards your goal.

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FAQs

What is the eligibility criteria for IBPS PO exam?

The key eligibility criteria are:

  • Age 20-30 years
  • Graduate degree from recognized university
  • Fluency in English/Hindi language
  • No criminal charges pending

How many vacancies are filled through IBPS PO exam?

IBPS fills upto 4000+ PO vacancies in various public sector banks every year through this exam. The vacancies are spread across 19 participating banks.

Is there negative marking in the IBPS PO prelims and mains exams?

Yes, there is no negative marking only in the IBPS PO prelims exam. For every wrong answer marked in the mains exam, 0.25 marks are deducted.

What is the passing marks criteria in IBPS PO exam?

The minimum cut-off marks prescribed by IBPS to qualify in the prelims is 40-45% for general category. The final merit list is prepared based on consolidated marks obtained in mains + interview by applying category-wise cut-offs.

How to prepare for descriptive tests in IBPS PO mains?

Practice writing on various essay, letter and paragraph topics from past exam papers within the specified time limits. Pay attention to grammar, vocabulary and error-free language.

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