Bank exam 2022: eligibility, brief and benefits
The bank exam is one of the most desirable exams in India and is among the highest graded exams for aspirants enrolling in the banking sector or domain. There are different types of bank examinations conducted by various banks such as SBI, IBPS, RBI, and so on every year. Nowadays, the banking sector is becoming a prominent choice among fresh graduates and working professionals. It comes with benefits like career stability, attractive salary, job security, and challenges to help personal growth.
As impressive as it seems, getting through the bank exam is not a piece of cake. It’s one of the challenging exams, with the competition increasing exponentially in India. Hence, aspirants need to prepare thoroughly to get into a top-notch bank. Therefore, we are here to provide you with a piece of descriptive information about each sector of the bank exam so that you can choose the best suitable option for you by considering all the factors.
Bank exam eligibility criteria are important factors to look upon when a candidate is applying for the examination. There are minor changes every year in the bank exam eligibility criteria. It’s advisable to look upon the changes to avoid delays in application submission.
Types of bank exams
There are four significant types of bank examination bodies in India that conduct the exam: SBI, IBPS, and RBI to get a job in the bank. The bank examination body gives posts like the P.O. exam, SO exam, Clerk exam, RRB exam, and NABARD. The specific exam can be opted by the candidates according to their career goals in the banking sector. Below are the details of every examination sector in banking.
State Bank of India
SBI (State Bank of India) is an Indian multinational public sector bank and financial services headquartered in Mumbai, Maharashtra. SBI bank is the only bank listed in fortune Global 500 at the 221st rank, and it is the 43rd largest bank in the world. Further, it is the fifth-largest employer in India, with nearly 250,000 employees 22,219 branches all over India.
SBI conducts exams to hire candidates for various posts like:
- SBI Probationary Officer (PO)
- SBI Clerk (Junior Associates)
- SBI Specialist Officer (SCO/SO)
Eligibility criteria for appearing in the SBI bank exam are majorly based on three factors that are respectively for each post in SBI:
- Nationality
- Educational Qualification
- Age limit
SBI Probationary Officer (PO)
| Eligibility Factors | Minimum Criteria |
| Nationality | Indian Citizen |
| Educational Qualifications | Graduate degree from a recognized college/institute irrespective of domain. |
| SBI PO Age Limit | Not below 21 years
Not above 30 years |
| Number of Attempts | General – 4
OBC – 7 General and OBC (PwD) – 7 SC/ST (PwD) – No restriction |
SBI Clerk (Junior Associates)
| Eligibility Factors | Minimum Criteria |
| Nationality | Indian Citizens |
| Educational Qualifications | Graduate degree from a recognized college/institute irrespective of domain. |
| SBI PO Age Limit | Not below 21 years
Not below 30 years |
SBI Specialist Officer (SCO/SO)
| Post | Age Limit | Educational Qualification | Work
Experience |
| Head of product, investment, and research | 35 – 50 years |
· Graduation/post-graduation from a recognized college or institute · Other qualification – Knowledge and experience in market analytics and keeping up with economic trends and products. |
Minimum 12 years of work experience in:
– Financial services – Financial product development – Investment advisory – Private banking Minimum 8 years of work experience in Wealth Management and Knowledge in: – Products Equity – PMS – Alternate Investments – Mutual Funds Experience in: – Product Development – Structuring for Private Wealth Clients – Managing Investment – Counsellors/Advisors at the national level with banks and financial institutes. |
| Central Research Team | 30 – 45 years | · MBA/PGDM from any recognized college/institute.
· CFA/CFP/CWM/Graduate · PG Degree in Economics |
Minimum five years of experience in Wealth Management/AMC (Mutual Funds) Banks.
– Minimum ten years as a researcher/ research analyst. – Knowledge of local and global economic trends. – Proficiency in the primary and secondary markets. – Should know how to create views about debt markets. – Should know how to use Excel/Modelling Techniques/Bloomberg/Reuters/CCRISIL database. |
| Relationship Manager (RM) | 23 – 35 years | Graduate from any recognized college/institute | Minimum 3 years of experience as Relationship Manager in Wealth Management in:
– Public/Private/Foreign/Banks/Broking/Security Firms. – Should know how to build and manage relations with clients.
|
| Relationship Manager (e-wealth) | 23 – 35 years | Graduate from any recognized college/institute | · Minimum three years of experience as Relationship Manager.
· At least one year of experience as Relationship Manager of HNI clients. · Three years of experience in sales/service of high-value products. |
| Relationship Manager (NRI) | 23 – 35 years | Graduate from any recognized college/institute | · Minimum three years of experience as Relationship Manager.
· Should have good experience in managing and building relationships with clients. |
| Relationship Manager (Team Lead) | 28 – 40 years | Graduate from any recognized college/institute | · Minimum eight years of experience in relationship management.
· Should have also had experience as a team lead. |
| Customer Relationship Executive (CRE) | 20 – 35 years | Graduate from any recognized college/institute | · Should know how to manage documents.
· Should have good communication skills. · Should have a driving license. |
| Zonal Head (Retail) Eastern Zone | 35 – 50 years | Graduate from any recognized college/institute | · Minimum 15 years of experience in managing sales.
· Should have at least five years of experience as a team leads. |
| Central Operation Team (COT) Support | 30 – 40 years | Graduate from any recognized college/institute | · Minimum three years of experience in Financial Services.
· Minimum two years of experience in Central Operations. · Should know about product equity, structures products, PMS, and Mutual Funds. |
| Risk and Compliance Officer | 25 – 40 years | Graduate from any recognized college/institute | · Minimum five years of experience in business management.
· Minimum three years of experience in wealth management. |
Institute of Banking Personnel Selection
IBPS (Institute of Banking Personnel Selection) is a government-owned bank recruitment agency under the Ministry of Finance, Government of India. IBPS was initiated with a vision of recruitment and placement of undergraduates, postgraduates, and doctorates in banks owned by the government of India. IBPS examined four posts respectively:
- IBPS Probationary Officer (PO)
- BPS Specialist Officer (SO)
- IBPS Clerk
- IBPS RRB
Eligibility criteria for the IBPS bank exam majorly depend on:
– Age Limit
– Nationality
– Education Qualification
IBPS Probationary Officer (PO)
| Eligibility Factors | Minimum Criteria |
| Age Limit | Max – 30
Min – 20 |
| Nationality | · Citizen of India
– Subjects of Nepal or Bhutan – Tibetan refugee who had arrived before 1st January 1962 – A person with Indian origin who had migrated from Sri Lanka, Pakistan, Burma, Vietnam or East African countries of the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia and settles permanently in India |
| Education Qualification | Graduate degree from any recognized college/institute |
IBPS Specialist Officer (SO)
| Eligibility Factors | Minimum Criteria |
| Age Limit | Max – 30 years
Min – 20 years |
| Nationality | · Citizen of India
– Subjects of Nepal or Bhutan – Tibetan refugee who had arrived before 1st January 1962 – A person with Indian origin who had migrated from Sri Lanka, Pakistan, Burma, Vietnam or East African countries of the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia and settles permanently in India |
| Education Qualification | Graduate degree from any recognized college/institute |
IBPS Clerk
| Eligibility Factors | Minimum Criteria |
| Age Limit | Max – 28 years
Min – 20 years |
| Nationality | · Citizen of India
– Subjects of Nepal or Bhutan – Tibetan refugee who had arrived before 1st January 1962 – A person with Indian origin who had migrated from Sri Lanka, Pakistan, Burma, Vietnam or East African countries of the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia and settles permanently in India |
| Education Qualification | Graduate degree from any recognized college/institute |
IBPS RRB
| Eligibility Factors | Minimum Criteria |
| Age Limit | – Officer Scale – III (Senior Manager) – 40 years
– Officer Scale-II (Manager) – 21 years to 32 years – Officer Scale – I (Assistant Manager) – 18 years to 30 years – Officer Assistant (Multipurpose) – 18 years to 28 years |
| Nationality | · Citizen of India
– Subjects of Nepal or Bhutan – Tibetan refugee who had arrived before 1st January 1962 – A person with Indian origin who had migrated from Sri Lanka, Pakistan, Burma, Vietnam or East African countries of the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia and settles permanently in India |
| Education Qualification | Graduate degree from any recognized college/institute |
Reserve Bank of India
RBI (Reserve Bank of India) was established on 1st April 1935 in correspondence with the provision of the Reserve Bank of India act, 1934. It was initially based in Kolkata but later was moved to Mumbai permanently. RBI mainly conducts two exams for the recruitment of candidates such as:
- RBI officer, Grade B Exam
- RBI Assistant Exam
RBI has enlisted three eligibility criteria for their bank exam, that are:
- Nationality
- Education Qualification
- Age limit
RBI Officer, Grade B exam eligibility
| Eligibility factors | Minimum Criteria |
|
Nationality |
· Citizen of India
– Subjects of Nepal or Bhutan – Tibetan refugee who had arrived before 1st January 1962 – A person with Indian origin who had migrated from Sri Lanka, Pakistan, Burma, Vietnam or East African countries of the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia and settles permanently in India |
| Education Qualification Grade-wise | Minimum Criteria |
| Grade ‘B’ (D.R.) – General | Graduate from a recognized college/institute with
– General – 60% – SC/ST/PwBD – 50% |
| Grade ‘B’ (D.R.) – DEPR | · Master Degree with 55% in
– Economics – Econometrics – Quantitative Economics – Mathematical Economics – Integrated Economics Course – Finance · · MBA/PGDM in finance with 55% in all semesters. |
| Grade ‘B’ (D.R.) – DSIM | · Masters Degree with 55% in
– Statistics – Mathematical Economics – Econometrics – Statistics and Informatics from IIT-Kharagpur – Applied Statistics and Informatics from IIT-Bombay – Mathematics · M.Stat. degree of Indian Statistical Institute with 55% · Post-Graduate Diploma in PGDBA offered jointly by ISI Kolkata, IIT Kharagpur, and IIM Calcutta |
| Age Limit category-wise | Minimum criteria |
| General | 30 |
| OBC | 33 |
| SC/ST | 35 |
| PwD | 40 |
| Ex-Servicemen | 35 |
| Ex-employees of Banking Institutions | 35 |
| Age Relaxation Category-wise | Age relaxation |
| SC/ST | Five years |
| OBC | Three years |
| Physically Handicapped | Ten years |
| PH + OBC | 13 years |
| PH + SC/ST | 15 years |
National Bank of Agriculture and Rural Development
NABARD (National Bank of Agriculture and Rural Development) is a development Bank for providing and regulating mandate credit and facilities for promotion and progression of agriculture, small-scale industries, cottage, and village industries, handicrafts, and other rural crafts, etc., also with other economic activities in rural areas with a vision of promoting the integrated rural development and securing the development of the rural regions.
NABARD offers posts such as Assistant Manager and Manager through the exams NABARD exam Grade A and NABARD exam Grade B.
NABARD eligibility is majorly based on three criteria:
- Nationality
- Age Limit
- Education Qualification
| Eligibility Factors | Minimum Criteria |
| Nationality | Should be a citizen of India |
| Age Limit | Minimum Criteria |
| NABARD Grade A | 21 to 30
Born between 2nd July 1991 and 1st July 2000 |
| NABARD Grade ‘A’ (P & S.S.) | 24 to 40
1st July 1981 and 1st July 1996 |
| NABARD Grade B | 25 to 32
2nd July 1989 and 1st July 1996 |
Age Relaxation
| Category | Age Relaxation |
| SC/ST | Five years |
| OBC | Three years |
| A person with disabilities (General) | Ten years |
| A person with disabilities (SC/ST) | 15 years |
| A person with disabilities (OBC) | 13 years |
| Education Qualification for Grade A exam | Minimum Criteria |
| General | · Bachelor’s Degree
· Chartered Accountant · / Cost Accountant/ Company Secretary. · Two-year full-time Diploma in Management. · Full Time MBA degree from a recognized college/institute. – General – 50% – SC/ST/PwBD – 45% |
| Agriculture | · Bachelor’s Degree in Agriculture.
· Post Graduate Degree in Agriculture/Agriculture (Soil Science/Agronomy). – General – 50% – ST/SC/PwBD – 45%
|
| Agriculture Engineering | Bachelor’s Degree in Agriculture
– General – 50% – ST/SC/PwBD – 45%
|
| Animal Husbandry | · Bachelor’s Degree in Veterinary Sciences/Animal Husbandry.
– General – 60% – ST/SC/PwBD – 55%
· Post Graduate degree in Veterinary Sciences/Animal Husbandry. – General – 55% – ST/SC/PwBD – 50% |
| Fisheries | · Bachelor’s degree in Fisheries Sciences.
– General – 60% – ST/SC/PwBD – 55%
· Postgraduate degree in Fisheries Sciences. – General – 60% – ST/SC/PwBD – 55%
|
| Forestry | · Bachelor’s Degree in Forestry
– General – 60% – SC/ST/PwBD – 55%
· Postgraduate Degree in Forestry – General – 55% – SC/ST/PwBD – 50% |
| Plantation/Horticulture | · Bachelor’s Degree in Horticulture
– General – 60% – ST/SC/PwBD – 55%
· Postgraduate Degree – General – 55% – ST/SC/PwBD – 50%
|
| Land Development/Soil Science | · Bachelor’s Degree in Agriculture/Agriculture (Soil Science/Agronomy)
– General – 60% – SC/ST/PwBD – 55%
· Postgraduate Degree in Agriculture (Soil Science/Agronomy) – General – 55% – PwBD – 50% |
| Water Resources | · Bachelor’s degree in Hydrology/Applied Hydrology or Geology/Applied Geology/Hydrogeology/Irrigation/Water Supply and Sanitation
– General – 60% – PwBD – 55%
|
| Finance | · BBA (Finance/Banking) / BMS (Finance/Banking)
– General – 50% – SC/ST/PwBD – 45%
· P.G. Diploma in Management (Finance)/Full-time MBA (Finance) degree from Institutions / Universities. – General – 50% – SC/ST/PwBD – 45% |
| Computer/Information Technology | · Bachelor’s degree in Computer Science/Computer Technology/ Computer Applications/Information Technology
– General – 50% – SC/ST/PwBD – 45%
· Postgraduate degree in Computer Sciences/Computer Technology/Computer Applications/Information Technology – General – 50% – ST/SC/PwBD – 45%
|
| Education Qualification for a Grade B exam |
| · Bachelor’s degree from any recognized college/institute with
– General – 60% – ST/SC/PwBD – 55%
· Postgraduate degree from any recognized college/institute with – General – 55% – ST/SC/PwBD – 50% |
Benefits of giving Bank exams
1) Recruitment in the banking sector comes with a standardized salary as per other industries.
2) Career in banking provides secure and long–term stability for the job and professional life.
3) This sector is challenging enough to provide your personal growth and modulate you for being a better version of yourself.
4) Banking sector comes with pros like job diversification.
5) You can quickly transfer your skills and capabilities in this sector.
6) For fresh graduates and ambitious working professionals, it is a new opportunity to build and enhance their careers and lives.
7) People who love to travel will never get enough of this exam, as after fulfilling their respective years, officers are transferred to a new place for another individual year of their duty.
8) Who doesn’t love to be appreciated? Thanks to the banking sector, your hard work and upskilling are greatly rewarded and recognized.
9) In the banking sector, you will have a significant work-life balance with fixed job timings.
10) This sector also provides a safe working environment for women.
11) As these exams are government-recognized, they ultimately enhance the social prestige of an individual in society.
As the Bank exam is one of the challenging exams, candidates need consistency and constant motivation while preparing for the exam. Hence, to resolve your queries and doubts during your preparation journey and keep you motivated, iQuanta created Facebook groups to provide round-the-clock support and encouragement for the aspirants, and it’s totally free, whoever is preparing for the bank exam can join the group!
Click on the link below to join iQuanta’s Facebook groups:
https://www.facebook.com/groups/iQuantaGovtExams
https://www.facebook.com/groups
