Banking Jobs in India | Govt. & Private sector – Eligibility & application process

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Banking Jobs in India | Govt. & Private sector – Eligibility & application process

Are you done with your high school? Or about to finish with it? Banking is an amazing field in which job opportunities start as soon as you finish your school years. In the article below, we will be discussing some of the opportunities in the field available after the 12th, the eligibility criteria for the same, and the procedure to apply for it.

So, if you are a person who is fascinated by the system of banking and would want to pursue it, read the article thoroughly. Many people might be having a notion that banking jobs can only be done after graduation, is it so? Let us find out – 

Jobs in banking after 12th

Banks usually do not recruit class 12th pass candidates for the official and professional jobs but there are a few options available for the candidates who are really interested in banking and want to explore the field from an early age. We are aware of the private banks placed in India like 

  • ICICI Bank
  • HDFC bank
  • RBL bank
  • AXIS Bank 
  • YES Bank

There are many more private banks where students who have completed their schooling till 12th standard can apply for opportunities like data entry positions or marketing prospects including business-relationship management etc. Students can connect with the various private banks and explore more of the options available for them.  

The banking system of India consists of the following categories of banks and their numbers are as follows;

  • Public sector banks – 12
  • Private sector banks- 22
  • Rural banks- 43
  • Foreign banks- 45 
  • Urban cooperative banks- 1600
  • And rural cooperative bank- 93,915  

Process of applying for banking opportunities after 12th– 

As you must have read above, job opportunities for students after 12th are available only in the private sector banks for which they can find vacancies online on web portals like Naukri.com, etc. students can connect with the banks as well. If the student candidates are interested in profiles like that of a clerk or a PO, he/she should be having a 12th passing certificate with a 60% score and a bachelor’s degree.

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Jobs in banking after graduation 

now for the candidates who have completed their graduation and want to apply for banking jobs, they can work in government banks as well. Let us now look into the eligibility and examinations to attempt for acquiring jobs in the government sector banks of India.

 Probationary Officer For State Bank Of India  (SBI) 

For applying for the post of probationary officer of SBI, you should be having a graduate degree and that’s all. There are no such requirements that you need to fulfil like minimum percentage or specific subjects, besides a graduate degree and the eligible age under which you should fall.

For attempting this examination, you need to be 21 years or older and below 30 or a maximum of 30 years old. The examination for a PO consists of 3 rounds- 

  • Preliminary round 
  • Mains examination 
  • Group interview and exercises  

Job roles in banks can range from arranging, showcasing, planning, preparing credit, and endorsing the same to venturing the board etc. The probationary officer crafts all the roles and is also responsible to incorporate administrative tasks like managing, making decisions to help the bank, looking after the money balance, etc.

The basic structure of examination for an SBI PO is this much, the approximate salary of a PO ranges around ₹ 55000 monthly.

Preliminary round

3 sections under the preliminary round examination include- 

  • Logical Reasoning
  • English Language
  • Quantitative aptitude

Then comes the main round of examination- 

Mains round 

Under this round there are 4 sections:

  • English aptitude 
  • data assessment and analysis
  • reasoning and computer ability
  • general economy and banking knowledge
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then for the final round of entrances, the students will have to attempt the group exercises which includes the GD and the PI i.e. group discussions and personal interviews for finally completing their process of applying. 

SBI- Clerk

So, for the post of clerk at SBI, the age limit of the candidate should be between 20 to 28 years. The candidate requires a graduation degree with a minimum of 50% score. For applying for the post of an SBI clerk, there are 2 rounds of entrances which are the same as the above exam- The preliminary round and the Mains. There is no interview of group exercises round for this exam.

Preliminary exam round

For the prelim exam round, there are 3 sections that need to be attempted- 

  • English aptitude
  • Numerical aptitude and
  • Logical Reasoning

Mains examination round 

For the Mains exam round, there are 4 sections that need to be attempted- 

  • financial or General knowledge
  • basic English skills
  • numerical ability
  • logical reasoning aptitude and computer skills

the salary of an SBI clerk is around ₹ 30,000 per month. The role of a clerk includes helping in the daily activities being conducted in the bank for efficient and smooth functioning of the business.

Probationary officer for Institute of Banking Personnel Selection (IBPS)

21 banks are currently known to have been participating in this examination. The age criteria for applying for the IBPS exam is that the candidate should be 20 to 30 years of age. The examination system for the IBPS exam is similar to that of an SBI PO. As you may have read that it consists of the preliminary round, the mains round and the group discussion and interview round. The same is followed for this exam too. The salary of an IBPS PO ranges to about ₹ 45,000 monthly.

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IBPS Clerk

The same examination system and a similar criterion of eligibility are followed for the post of an IBPS clerk as that of an SBI clerk as mentioned. The salary of an IBPS clerk ranges from about ₹ 20,000 monthly.

Grade A and B of The Reserve Bank of India.

For directly getting recruited in the Reserve Bank OF India, candidates need to attempt the Grade A and B exams of the RBI bank. Graduates also have the opportunity to prepare and apply for these exams. The basic criterion of eligibility for these exams are- 

  • a minimum score of 60% in graduation 
  • age of the candidate should be in between 21 to 30 years.

National Bank for Agriculture and Rural Development (NABARD)

This is also a very amazing opportunity for graduates, graduate students can attempt the NABARD examinations and get a chance to acquire good posts in rural banks like that of an assistant manager. 

So, in the article above you read about some of the job opportunities available in the banking sector for the students who have passed their high school and also for those who have graduated and want to explore the banking sector.

Also, there is a chance to get direct recruitment without having to attempt these examinations if you have a graduate degree and have a good score. But direct recruitment is rare in the public sector/ government banks. With a graduate degree, you can apply for jobs in private banks and try for direct recruitment.

For more information regarding jobs in both private and public sector banks, you can also visit the official web portals of the banks mentioned above which will give you access to detailed eligibility criteria and application procedures for each of them.

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