Banking As a Profession

For Young graduate, an attractive offer after college is banking profession. It remains in this most wanted job position for years and it is because it enjoys much respect and prestige in the society. After the extinction of BSRB the only window to enter into this well sought career is Probationary Officers (PO) Exams conducted by individual banks. Banks inducts eligible graduates by this exam for training for a probational period of two years. The selected candidates performance during the probation period will decide their position after training. Different Banks recruit probationary officers during different periods in the year. Students has to keep on watch about the notifications and should be alert on applying promptly.

Career as a Probationary Officer

Pursuing Career as a probationary officer is a unique experience in itself. But it is the most common and highly sought after question that "what a Probationary Officer really do?".After the selection and till the date of joining the same question was making my mind puzzle. Hence I would like to share some of my experience with all of you looking after banks as a career option. I would be sharing my day to day experience within the bank so stay with us ...


Passing last days with Pass Books

Days are on move on the enquiry seat with all day printing pass books and telling the senior Citizens of India  that still they have to wait for some days to get credit of pension. Opening accounts without Cheque books is trend here along with going abroad. Got some arguments with a High Court Magistrate's second man over their pass book over which I was called by Chief Manager and Deputy Manager :)

At Last: I Got New Delhi

So Yesterday was a wonderful day, I got my final posting of choice. Yes, a list of all Scale - I Officers was circulated yesterday and I got Delhi Commercial Branch as my first permanent posting. I was having two places in my mind one my Home Town and other is Delhi. Delhi Commercial Branch is exceptionally unique branch in our bank. It is having highest business in our bank of 11000 Crore after Mumbai Commercial Branch. This Branch is known for big Corporate loans and very important Branch for a fresh learner. Our CIB training will be up to 17th April after that we will be relieved for our new branch.


FCNR (B): Favorite of Punjab NRI's

In Punjab, People are exceptionally interested in going abroad. Here you will find a member of every 2nd - 3rd family residing in foreign country whether it is Canada or Australia. They are earning handsome income there and remitting money back to their family in India. Here comes role of Banks!
Banks are working like channel for these persons to send money. NRI will be having their NRE (External) and/or NRO (Ordinary) accounts in banks. Whenever NRI wants to deposit a Foreign Currency as Fixed Deposit there is a special term given to that account called "Foreign Currency Non - Resident Deposit" (FCNR - B) account. Here they can deposit their money for a longer time in Indian Bank but in Foreign Currency and they will be earning interest that will also be paid in same currency. Today I created two FCNR - B accounts one was of USD 5000 and the other was GBP (Great Britain Pound) 2000. 


Probationary Officer ----> Substitutional Officer

A Probationary Officer is supposed to carry those trainings which were assigned to him during his institutional training but at branches the story is totally different. He will become a Substitutional and sometimes Pending Officer in branches. All branches do have pending work all the time and Probationary Officer is that Ordinary person who can't deny. Along with that in all branches people will be taking leaves rotationally and one person is there who will be occupying all those seats rotationally - Probationary Officer. In last 7 days including today I have been given Fixed Deposit Seat (1 day), Transfer Seat (1 day), Government Section Scroll Seat (1 day), Government Section Transfer Seat (1 day); that time I was Substitutional Officer. Another day I was given a list to check account status (Pending Officer).


Kapurthala - Credit & International Business (CIB)

I reported Kapurthala Branch on 1st of Feb. Even without a formal introduction Deputy Manager (Hall Incharge) show me Cheque Transfer seat. It was Monday on 1st of Feb. and my exposure to that desk was of about a week. Due to heavy rush on the seat I was not able to attend a single call on my mobile as friends & relatives were eager to know about my new joining. Next day I was in Forex cell where I found myself relaxed to previous day. Staff member Yash Paul gave me directions about the seat. Yesterday we prepared a US 1000 Dollar draft for an NRI. Today I was sent to Government section for cheque transfers and preparing scrolls. It is relatively a big branch where many kind of desks are available.