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    Promotions in Banks

    Uploaded by

    anupoju appalaraju
    The document summarizes the process for clerks in public sector banks in India to get promoted to an officer position. It outlines the eligibility requirements, including having worked as a clerk for at least two years and passing exams like JAIIB and CAIIB. There are two promotion channels - the normal seniority channel based on experience and a merit/fast track channel for those with certain diplomas. The benefits of becoming an officer are also highlighted, such as higher pay scale and allowances. An example is given of a woman who joined as a clerk and was recently promoted to assistant manager after qualifying her exams within two years of service.

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    Promotions in Banks

    Uploaded by

    anupoju appalaraju
    218 views4 pages
    The document summarizes the process for clerks in public sector banks in India to get promoted to an officer position. It outlines the eligibility requirements, including having worked as a clerk for at least two years and passing exams like JAIIB and CAIIB. There are two promotion channels - the normal seniority channel based on experience and a merit/fast track channel for those with certain diplomas. The benefits of becoming an officer are also highlighted, such as higher pay scale and allowances. An example is given of a woman who joined as a clerk and was recently promoted to assistant manager after qualifying her exams within two years of service.

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    The document summarizes the process for clerks in public sector banks in India to get promoted to an officer position. It outlines the eligibility requirements, including having worked as a clerk for at least two years and passing exams like JAIIB and CAIIB. There are two promotion channels - the normal seniority channel based on experience and a merit/fast track channel for those with certain diplomas. The benefits of becoming an officer are also highlighted, such as higher pay scale and allowances. An example is given of a woman who joined as a clerk and was recently promoted to assistant manager after qualifying her exams within two years of service.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    218 views4 pages

    Promotions in Banks

    Uploaded by

    anupoju appalaraju
    The document summarizes the process for clerks in public sector banks in India to get promoted to an officer position. It outlines the eligibility requirements, including having worked as a clerk for at least two years and passing exams like JAIIB and CAIIB. There are two promotion channels - the normal seniority channel based on experience and a merit/fast track channel for those with certain diplomas. The benefits of becoming an officer are also highlighted, such as higher pay scale and allowances. An example is given of a woman who joined as a clerk and was recently promoted to assistant manager after qualifying her exams within two years of service.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Promotion Process from Clerk to Officer

    Cadre in PSU Banks


    Dear Aspirants,

    We all know, thousands of candidates joins as a Bank Clerk every year at various public sector
    and private sector banks with an aspiration of great future and a brighter career. Lots of
    candidates even land up to this job after possessing higher degrees such as Engineering and
    Management degrees.

    Hence Today I will share the process to get a promotion from Clerical to Officer Cadre in
    Public Sector Banks.

    IMPORTANT NOTICE:-

    Narendra Modi Govt. had announced that from January 1, 2016 there would be no interviews for
    central government jobs in Class-III and IV categories. The Committee of Secretaries chaired by
    Cabinet Secretary in its meeting held on November 13 had recommended discontinuation of
    interviews in PSU banks for junior level posts.

    It is expected that, all PSU banks may discontinued interviews in the recruitment process for
    the clerical and sub-staff posts as well as in internal promotion process for Clerical to Officer
    posts and sub staff to clerical promotion process from this year.

    Eligibility Criteria for the Promotion of Clerk to Officer Cadre in PSU Banks

    1. All the candidates who wish to get promotion from Clerical to Officer in Public Sector Banks
    need to apply for the promotion test and appeared for examination as well.

    2. Candidates who are working as a Clerk in any nationalised bank across the country would
    have to undergo their service for at least a period of two years in order to be eligible for
    promotion to Officer Cadre.

    3. There are two channels for clerical to Officer PROMOTION :-

    (I) Normal/Seniority channel

    (II) Merit/Fast track channel

    These two channels are applied to individual candidates depending on their performance and
    experience in the banking services.
    (I) Under Normal/Seniority channel the employee has to qualify written exam and on the basis
    of his experience and seniority in the services of bank he can be selected as Officer. In this
    channel process no JAIIB and CAIIB diploma is compulsory.

    (II) Under Merit/ Fast track Channel: 2 year minimum service as a clerk with a JAIIB and
    CAIIB diploma conducted by Indian Institute of Banking and Finance (IIBF) is must with
    graduate/post graduate degree.

    Benefits on Clerical to Officer Promotion:

    1. Clerical employee becomes a confirmed employee as officer from first day of promotion.

    2. Need to serve Probation period only for 1 year as a PO.

    3. Upon clearing JAIIB and CAIIB the candidates could get 3 increments (1 for JAIIB and 2
    for CAIIB) and consequently their salary would be on the rise as well.

    4. Passing these examinations also allows the candidates to secure the home state retaining
    power after they get promoted.

    5. Eligible to get all officer cadre benefits from first Day of promotion and some benefits after
    completing their Probation Period.

    6. Mostly employees after promotion from clerical to officer retained in home state for posting.

    7. Eligible for Loans for higher quantum like Staff Housing Loan for Officer is 50 Lakhs as
    compared to Clerks 30 lakhs and sub staff 20 Lakhs in Indian Bank.

    ALLOWANCES & PERKS FOR OFFICERS:-

    Allowances-

    1. Dearness Allowance (DA): In Banks, DA is revised quarterly and is based on the CPI data as
    revealed by Government of India. The last Revised DA for the quarter of November and
    December, 2015 and January, 2016 is 39.80% of the Basic Pay.

    Since it depends on CPI, DA can go up with higher Inflation and vice versa.

    2. Special Allowance: In the latest revision, a special allowance has been added to the salary
    structure of Bank PO. And it is 7.75% of the Basic Pay.

    3. House Rent Allowance (HRA): This varies according to Bank POs place of posting and can
    be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

    4. City Compensatory Allowance (CCA): This also depends on the place of posting and can be
    either 4% or 3 % or 0%.
    Hence the total Salary (without HRA) of Bank PO becomes Rs. 35,700 36,570. While
    considering the HRA into account, it becomes Rs. 37,360 -38,700.

    PERKS:

    1. Leased Accommodation: This facility is available to Bank PO in place of HRA. At some


    places, banks provide Official Bank Accommodation/Bank Quarter as leased accommodation.
    This amount is not available as cash component and will directly go to the house owner you
    have got leased.

    2. Traveling Allowance:Few banks provide fixed Traveling Allowance whereas others allow
    reimbursement of petrol bills i.e. officer must own scooter, bike/ car at the place of posting.

    3. Newspaper Reimbursement:A fixed monthly amount is paid towards the cost of one
    newspaper.

    4. Medical Aid:A fixed annual amount is paid by most of the banks (Revised amount is Rs
    8000/- p.a.)

    5. Benefits under New Pension Scheme.

    AN INSPIRATIONAL STORY:-

    I will share experience of my Office Colleague who just became Probationary Officer from
    Clerical after joining as a bank clerk in a Public Sector Bank (INDIAN BANK) in June 2013.

    Miss S.T. Maya Devi a lady who is a Post Graduate in Science, joined as Clerical through IBPS
    CWE Clerk II. After completing her training in Staff Training College, Thanjavur for 10 days.
    She got allotment in INDIAN BANK, Karur Main Branch in Karur District of Tamil Nadu
    which was also her hometown.

    After completing her 6 months of probation period, she got confirmed in the services of
    INDIAN BANK. Also she got transferred to Kulithalai Branch just 40 kms. away from Karur.

    While working as a Clerical staff she decided to go for Officer rank by qualifying Internal
    Promotion test so for that within 2 years of time she completed her JAIIB and CAIIB
    examination conducted by Indian Institute of Banking and Finance (IIBF).

    After Completing her successful 2 years and 6 months in INDIAN BANK she got a chance to
    appear in Clerical to Officer Promotion Exam in December 2015 after clearing the promotion
    test with 73% marks, she made to the final list of selected candidates.

    On February 8th 2016 she got posted to Trichy Market Branch in Trichy District, Tamil Nadu
    which is just 87 kms. from her hometown, Karur as an Asst. Manager(PO).

    At Last:-
    Try for new heights in your career by sharping your skills and knowledge.

    Have fire in belly to reach at the top of your career.

    March forward after reaching one destination.

    Dont stop in your life as someone has correctly said:- Success is a journey not a Destination.

    All the best!

    Sanjay Mishra

    Manager, Indian Bank

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