SBI PO (Probationary Officer) 2014 Notification Out

SBI PO (Probationary Officer) 2014 Notification Out : Finally the wait is over. The State Bank of India (SBI) has announced the recruitment notification for the posts of Probationary Officers (POs) for the year 2014. There are 1837 posts in total. You can apply online from 7th to 25th April 2014 from the SBI's official website. The exam will be held in July 2014 (Tentatively). The SBI is considered to be India's top banking organization. So obviously the SBI PO is the best banking job ever.

Official Notification 2014 : Click Here

RECRUITMENT

Recruitment of Probationary Officers in State Bank of India (2014-15)
Advertisement No. CRPD/PO/2014-15/01
On-line registration of application : 07.04.2014 TO 25.04.2014
Payment of fee:
On-line 07.04.2014 TO 25.04.2014
Off-line 10.04.2014 TO 28.04.2014

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• Apply Online

10:35 - By Unknown 0

Salary structure of BANK PO & CLERK

As we are getting lots of queries regarding salary of Probationary Officer and Clerk, Here we are posting a post on this. Read on..

Typical Salary Structure of a Bank PO - Entry Level (Indicative)

Particulars	Monthly	Annually
Basic	14500	174000
DA	8722	104661
HRA*	0	0
CCA	540	6480
MedicalAid		5100
Entertainment		4600
House Maintnce	300	3600
Books/Newsprs		2800
Petrol	2000	24000
Canteen Subsidy	250	3000
Pension	-2322	-27866
Rent Dedn	-300	-3600
Taxable Salary	23690	300375
Less Tax	771	9251
In Hand Salary	22919	291124.02
House Lease#	8000	96000
Bank's Pension share	2322	27866
CTC	452107	4.5 Lac per Anum

Typical Salary Structure of a Bank Clerk - Entry Level (Indicative)

	Places with population	Places with population	Places with population	Other Places
	of more than 45 lakhs	of more than 12 lakhs	5 lakh and above, State Capitals/UT etc
Basic Pay	7200.00	7200.00	7200.00	7200.00
Dearness Allowance	6922.80	6922.80	6922.80	6922.80
HRA - 10 ; 9%; 7.5%,7%	720.00	648.00	540.00	504.00
Total Salary (including HRA )	14842.80	14770.80	14662.80	14626.80

What will be revised salary after 10th Bipartite settlement.

So here we are providing a brief analysis of the salary structure:

Bank Probationary Officer Salary after Revision in 10^th bipartite settlement:

We are expecting minimum 20% increment to this basic pay, but we can expect 25% increment to this basic pay.

1.    If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.38,678/- (Worst Possible Scenario)

2.    If IBA agree for 25% increment, Final Basic Pay will be Rs.29,026. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.40,288/- (Somewhat Good)

3.    If IBA agree for 30% increment, Final Basic Pay will be Rs.30,187. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.41,899/- (Good Settlement)

Bank Clerk Salary after Revision in 10^th bipartite settlement:

We are expecting minimum 20% increment to this basic pay. At most we get 25% increment.

1.    If IBA agree for 20% increment, Final Basic Pay will be Rs.15,374. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.21,339/- (Worst Possible Scenario)

2.    If IBA agree for 25% increment, Final Basic Pay will be Rs.16,015. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (Somewhat Good)

3.    If IBA agree for 30% increment, Final Basic Pay will be Rs.16,655. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.23,117/- (Good Settlement)

So new salary after revision:

1. Bank PO Salary after revision will be anywhere between Rs.38,678 to Rs.41,899

2. Bank Clerk Salary after revision will be anywhere between Rs.21,339 to Rs.23,117

01:25 - By Unknown 0

IBPS Clerk III : Final Result Out

Dear readers, IBPS has updated the final result of IBPS Clerk III.

• Click here to view your final result for IBPS Clerk III
• Click here to see the notification of IBPS Clerk III Final Result

Wish you all the best!

02:45 - By Unknown 0

IBPS PO III: Final Result Out

IBPS has updated on its website the final result for IBPS PO III.

• Click here to view your IBPS PO III Final Result
• Click here to see the notification for IBPS PO III Result

Wish you all the best!

02:45 - By Unknown 0

Reserve List in IBPS PO III and IBPS Clerk III: All Doubts Clarified

This time IBPS has published a Reserve List of Candidates in the final results of both IBPS PO III and IBPS Clerk III. Lets understand the concept of a reserve list.

What is a Reserve List?
A reserve list is a list of candidates, who could not be allotted a bank in IBPS PO III or IBPS Clerk III, but could be considered for the allotment in next round of allocations.

How many candidates are there in the reserve list?
The number of candidates in the reserve list are approximately 10 percent of the vacancies under each category in IBPS PO III/ IBPS Clerk III

If, I am in the reserve list, does that mean that I will definitely get a allotment in coming lists?
No. Being in reserve list does not guarantee allotment to/recruitment by the Participating Organisation(s)/
other financial organisations. In the event of Participating Organisations/ other financial organisations providing vacancies during April 2014-March 2015, provisional allotment will be carried out for the candidates in the reserve list. So, you may get an allotment or may not get also.

If I am not in the reserve list and not got any allocation also, can I still expect a allocation in the coming lists?

No. Candidates who are not provisionally allotted or not in the reserve list will not be considered for any further process under CWE PO/MT-III.

Is the reserve list same as waiting list?
Yes, it is practically same as waiting list and is subject to availability of seats in coming allocations in this financial year (2014-15).

02:44 - By Unknown 0

Be A Part of Indian Democracy

India’s upcoming general election will be the largest democratic event in history, with more than 814 million people entitled to vote to decide the country’s 16th government. This, however, is not the only record that will be broken when the world’s largest democracy goes to the polls.

According to the Centre for Media Studies, Indian politicians will spend as much as $4.9 billion during the electoral contest, which will end in May, with the final votes counted – and India’s next government decided – by May 16.

Youth vote can reshape 2014 polls and can bring changes in Indian politics. 

Voters at the national level will now have the option of selecting “none of the above”, allowing them to reject parliamentary candidates for the first time. 

Young people demand that our polity focuses on education, health, safety, services, empowerment and jobs, not jati-waad.

According to the Election Commission “The elections will see over 1.79 lakh new young voters on average in each constituency”. 

Of them, about 24 per cent, or around 43,000, will be first-time voters, in the 18-19 age group. That’s a significant figure, as the winning margin was less than this in 226 Lok Sabha constituencies in the 2009 elections.

Unlike earlier years, where 'youth power' was glorified in politicians' and ideologues' style, but amounted to little in electoral votes, 2014 is different.

Over 65% of India's population is under 35 years now. Data suggests first-time voters in India, between 18-23 years, compose 14% of the electorate. That's a staggering number. The difference it could make to this election and our polity is huge.

In six states — Rajasthan (25 seats), Chhattisgarh (11), Madhya Pradesh (29), West Bengal (42), Uttar Pradesh (80) and Assam (14) — which account for 201 Lok Sabha constituencies, the number of voters between 18 and 19 years of age per constituency is higher than the national average.

The BJP is upbeat about these statistics, as they expect new voters to be “unburdened” by political ideologies and to boost the anti-incumbency against the ruling Congress.

“The psychology of the young voter is unpolluted. These voters are bound to be more agitated about corruption, price rise and the lack of job opportunities. For them, good governance will be the issue.

By not voting, we're doing ourselves the biggest harm possible. We're blowing the one big chance we have to make a positive difference.

The more young people vote, the more our concerns modern, secular, progressive will shape India's agenda.

If we don't vote, we must be prepared to live with broken streets, non-existent jobs, subsistence-level services, communal politics, corrupt officials and no one in charge listening to you.

To break that vicious cycle, sign up and vote. There are hassles involved — address proofs are a headache for many in places other than birth locations — but brave these. You're young. Use your energy — the troubles are small, advantages great.

A single Vote can make all the difference

If you don’t vote, you are killing democracy:

If we want to keep our democracy alive then every citizens of India (who is eligible for voting) should come out and exercise their voting rights.

Do not choose your candidate party wise. Think carefully and then elect a candidate who is responsible and you feel will work towards betterment of society and bring a change. If you don’t vote, you are killing democracy.   

A single vote can help select the right candidate:

By voting, we voice our opinion and get to choose the deserving candidate. Those who do not vote have no rights to criticise about the non-performing political leaders. Your single vote can help select the right candidate that can benefit the city and the nation on a whole.

A single vote can bring positive changes in society:

Citizens must vote to make politicians realise that the people deserve more than what they are being offered in terms of facilities, public works, education, amenities and medical assistance among others. If we want positive changes in society, we have to come out and vote for the right candidates. Elect candidates who know the reality at ground level.

Voting gives us a chance to voice our opinion:

If we want our government to be responsible and accountable to people, then we must vote dutifully. It gives us a chance to voice our opinion and decide which party should work for welfare of society. There can be many reasons for not voting such as political apathy on part of people, but to keep the democracy alive, people must come out and vote.

We must cast our votes to help flush out corrupt leaders:

Our constitution is based on the principle of one citizen, one vote, one value, but one value has not come into existence till now.

Votes are being bought and this is happening because citizens are not exercising their voting rights. One must understand that when we have accepted democracy, we have also accepted voting as part of our democratic right. We must cast votes to help flush out corrupt leaders from politics.

By not voting, you are sacrificing your sacred right:

Voting is a sacred right of every individual and exercising his/her voting rights is the duty of the citizens of India. If you do not vote, you do not have any moral right to criticise any other political leaders.

If citizens do not vote, they are unnecessarily sacrificing their sacred right. The youth must especially understand how important and prized their vote is, which will help shape the future of the country.

With 12 Crore first time voters, the wave of change, is about to begin.Please make sure you have made yourself registered.


For online registration please follow the link below:

Click here for Online Voting Registration:

The 2014 general election will be one of the greatest milestones in India’s democratic history. 

So Get Ready To Vote: Polling begins on April 7 & Ends on May 12.

12:35 - By Unknown 0

IBPS Allocation Process: Explained and Clarified

Dear readers, IBPS PO and IBPS Clerk results are around the corner and candidates are worried whether they will be able to make it in the final merit list or not. Lot of candidates are requesting us to give more clarity on the allocation process of IBPS. Today, we will try to clarify the IBPS bank allocation process and discuss various scenarios.

As a first step of the recruitment procee, IBPS conducts Common Written Exam, which is followed by a common interview process.

Merit List is prepared by adding marks of written test and interview, after giving 80% weightage to Written Marks and 20% weightage to Interview Marks.

For example, if you scored 75 marks (out of 200) in written test, then first convert these marks to be out of 80 i.e. (75/200)x80 = 30

Similarly, if you score 60 Marks (out of 100) in interview, first it will be converted to be out of 20 i.e. (60/100)*20 = 12

Now, both written test score and interview scores will be added. So, in case of above example, your combined score will be 30+12 = 42

Now, a merit will be prepared on the basis of above combined score.

Parallely, IBPS takes requirement from all participating banks, as in the number of vacancies in the
respective banks (category wise).

Now, suppose there are total 20,000 vacancies in IBPS PO III, which will be further divided into various categories like General, OBC, SC, SC etc. At this stage cut-off marks (or cut-off merit rank) will be decided for each category depending on the number of vancacies for each category. Suppose, there are 5400 vacancies for OBC, then cut-off marks (for OBC) will be decided so that only 5400 OBC candidates are above that score and so on.

Now, all these candidates, who are above the cut-off score, in each category, will be picked one by one (irrespective of their category), in order of merit (top scorer picked first and least scorer picked last) and allocation will happen vis-a-vis the bank preference filled by each candidate (remember, you had filled the preference of banks at the time of filling the IBPS form online).

Allocations in case of general candidates are simple - candidates are allocated a bank as per candidate preference and as per the availability. Allocation software picks a Candidates depending on his rank in the merit, checks whether a seat is available in the bank, which the candidate has marked as first choice in the preference list (Bank). If a seat is available, allocation is done otherwise, software checks for the second preference of the candidate and so on. Remember, General category candidates are eligible to get a seat from Unreserved Seats only.

In case of OBC, SC/ST and other reserved category candidates, first the candidates is picked on the basis of his/her rank in the overall merit (irrespective of category). Then allocation software looks for his first preference of Bank. In the process, first the software sees if the candidate can get his first preference of bank as per his rank in General Category. If he can get, then allocation is done, otherwise, software checks if the candidate can get the allocation as per his rank in his reserved category (OBC/SC/ST etc). If a seat is available then allocation is done, otherwise, software looks for second preference (bank) of the candidate. Again, first software tries to do the allocation as per his overall Rank and then as per his rank in his reserved category. One should remember, each bank has a predefined number of seats for reserved and unreserved candidates.

Scenario A: Suppose, there is a general candidate and his rank in overal merit list (including reserve categies) is 2500, then, software will pick him for allocated, after the software has allocated seats to 2499 candidates (who had better rank than him). Software will check his preference list starting from first preference. An allocation will be done as soon as software finds a seat available in a bank (in order of his preference).

Scenario B: Suppose, there is a OBC candidates and his rank in overall merit list (including General and other reserved category candidates) is 4000, then software will pick him for allocation after the software has allocated seats to 3999 candidates. Now, the software will look at the first prference (Bank) of the candidates and will see if a seat is available in Unreserved Category of seats. If yes, allocation is done otherwise, software will look for a seat in OBC category of seats. If a seat is available here, allocation is done, otherwise software looks for the second preference (bank) of the candidate. Here again, software will first look into Unsererved seats and then OBC seats and so on, till the candidate is allocated a seat in a bank.

We hope this gives a clear picture of the complete allocation process. If, you still have any queries regarding the allocation process, please mention the same in comments section, we will try to address it.

Wish you all the best for the result!

12:34 - By Unknown 0