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 ...


WIRE TRANSFER: A Good Start in Typical World

Like the National Electronic Fund Transfer (NEFT) or Real-Time Gross Settlement (RTGS) which brought revolution in cost effective Domestic Money Transfer, Wire Transfer typically transfers money from one bank account to another on international  level. It is an electronic transfer of funds. U.S. domestic transfers are commonly done using Federal Reserve Wire Network, while Internationally transfers are transacted via Society for Worldwide Interbank Financial Telecommunication (SWIFT). Western Union is a common way to make transactions between individuals (not Financial Institutions). Wire Transfers are considered the best way to transfer the money internationally. In our branch we are usually having orders to send money to other country using Wire Transfers. In NRI Jalandhar branch our bank is having a very high value transactions on this account. Money remittance using Wire Transfer is not only cost effective but also a simple version of old cumbersome methods to send money abroad.