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How To Start Your Banking Career In India: Eligibility & Scope

Mohit Verma

Banking Career in India: For an introduction, banks are those government authorized financial establishments which fulfills our (personal or commercial) capital requirements or save money by different means like opening savings, current and fixed deposit accounts. 

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    Eligibility of Banking Career in India:-

    The Reserve Bank of India, an uppermost establishment in India conducts tests for 3 forms of entry-level positions, i.e. for Clerical Grade; for Grade I officers and for Grade II officers. RBI conjointly conducts an All India Test for graduates, postgraduates, skilled graduates for the recruitment of class I officers. 

    One can join in a bank as:

    Banking Career in India
    src: Jagran Josh

    The utmost age limit for this test is 26 years and also the candidate’s area unit tested in logical reasoning, ability, numerical ability and general English. Selected candidates are short listed for an interview for the ultimate selection.

    Banking career in India is a profession not only meant for Commerce students but also open for all graduates with any academic background.

    List of Examinations for Banking Career in India:-

    ALSO CHECK: List Of All Entrance Exams In India And Clearance Tips

    Nationalized banks recruit candidates through competitive examinations where as personal banks recruit candidates chiefly MBA‘s and Chartered Accountants directly. Public banks recruit graduates at the entry-level (Probationary Officers) on the premise of an All India Level examination.

    Responsibilities of a manager involves organizing, controlling and directing banking activities or holding overall charge of 1 or a lot of departments or branches. 

    Clerks has got the responsibility to keep the records of accounts, loans etc. and they also offer the services like payrolls and inventory accounting for the customers.

    And those who are appointed as probationary officers (testing period) has to undergo a probation period of 2 years and during that time, services may be terminated at any time, if their work proves unsatisfactory. The selection of probationary officers within the public sector business banks is finished by Banking Service Recruitment Board (BSRB) on the premise of a written test that consists of check of reasoning, quantitative ability, general awareness, English language and descriptive check. Every region has its own BSRB that carries out the recruitment. Graduates between the age brackets of 21-28 years are eligible for the test that is followed by an interview.

    List of Courses in Banking Career in India:-

    ALSO CHECK: List of 15 Highest Paying Indian Government Jobs And Eligibility

    Scope of Banking Career in India:-

    Talking about scope of banking career in India, after the liberalization of banking system and mushrooming of private and foreign banks, banking has become a wonderful profession that offer numerous career options. Services such as net banking, credits, Automated Teller Machines (ATM), home banking etc. have been offered with the boom of IT & AI industry. But, banking career in India is a much competent field because of an obvious reason i.e., increase in number of graduates.

    There are some specific areas like:-

    src: Deccan Chronicle

    Salary/Income –

    Salary package of the private bank employees and foreign banks are much high as compared to the public sector employees and they can earn around Rs.3.5 Lakhs or more as annual income in banking career in India. And pay scale of probationary officers varies between Rs.15,000 to Rs.20,000 per month.

    ALSO CHECK: List Of Top 10 Highest Paid Diploma Jobs In India And Eligibility

    Banking Career in India FAQs (Quora):-

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