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Top 10 Reasons to Choose SBI Bank Job as a Career

Top 10 Reasons to Choose SBI Bank Job as a Career 

State Bank of India (SBI) is one of the oldest and largest banks of India in the banking and financial sector. It is a Government owned corporation and headquartered in Mumbai, Maharashtra. It also stands as a one of the largest employers in the country with close to 25,000 employees located in various parts of India. SBI also offers a lot in terms of employee benefits.

This article lists down the top 10 reasons to choose SBI Bank job as a career.

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1. Good paycheck and growth:

Banking industry offers good money. The salary is based on the grade. The bank also offers good benefits and perks like minimum Rate of Interest on loans, Medical benefits, and Pension benefits and so on. The system is transparent in the process of performance evaluation and appraisals. The top performing employees are also offered training for leadership through special training programs from the premier institutes like Harvard, ISB, IIMs, and Stanford. As such there is no limit to one’s growth. It truly depends on the candidate’s performance to reach the top ranks.

2. Team Learning:

SBI provides opportunities to its employees to work in teams on various projects such as the branches, mobile banking etc. The employees also engage in keeping themselves on social media platform to exchange ideas among employees and promote interaction with the top management personnel at SBI.

3. Comprehensive Development:

State Bank of India is a bank with over 1000 different roles across different verticals. Due to this reason, there is a possibility of varied roles. Job rotation every 2 or 3 years is a mandate.
The employees get a wide exposure and the learning goes on due to its dynamism. SBI also provides opportunities to the meritorious employees to explore different financial services such as insurance, investment banking, asset management, credit cards etc.

4. Office Bonding:

The management provides an environment to develop great bonding among the employees. It conducts fun events and intra-bank competitions to increase the office bonding. Employees are provided with various opportunities to explore their passion and involve themselves in programs like SBI youth India where they get to work on rural development projects with experienced NGOs.

5. Discover Global Banking:

SBI has around 190 foreign offices in 36 different countries and stands as the largest Indian Bank in the foreign market. The meritorious employees get an opportunity to work abroad for 3 to 5 years.

6. Handling Gender Diversity:

SBI takes special care in handling gender diversity. It gives special care to the women employees. SBI is the only public sector where women can take time off and take sabbatical leave for 2 years for any personal commitments. It has a strict policy on prevention of sexual harassment at work place.

7. Career graph:

Each employee has a unique career path. The employees are trained and groomed to perform all the tasks, eventually, they have the freedom to choose their area of interest and build expertise. Employees get promotion opportunities every 3 to 4 years.

8. Job Security:

It is a known fact that a job in the public sector is a secured one even after your stint in the service. The opportunities are provided at work for ones’ growth and it is considerably a secured job without the constant fear of being fired.

9. Salary and perks:

SBI offers better pay compared to any other public sector jobs. This factor is enough to attract the young graduates to look forward to this dream job with sufficient preparation. SBI is also considering other smart compensation packages at the discretion of the employee so as to monetize their certain allowances.

10. Fortune 500 Bank from India:

The SBI is the largest banking and financial services organization in India with an asset base of Rs. 2,000,000 Crores. It has 16,000 branches across the nation. SBI is the only bank in India labelled as fortune 500 organizations and the second most valuable bank in India.

These top 10 reasons are more than enough for someone to get inspired and prepare for the PO exams.

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IBPS Clerk 2016 Cut off – Check Expected Cut off Marks

IBPS Clerk 2016 Cut off

Institute of Banking Personnel Selection (IBPS) has conducted IBPS Clerk Mains exam on 31st and 1st January 2017. IBPS Clerk Mains Result 2016 will be declared soon. The candidates will be shortlisted on the basis of sectional and overall cut off marks.


 

According to IBPS, no interviews will be conducted for IBPS Clerks 2016 recruitment and candidates will be selected on the basis of their score secured in mains exam.There are total 19,243 vacancies in the participating banks.As per the notification, 100% weightage will be given to the score obtained by candidates in the online main examination while preparing the IBPS clerk merit list for allotment. Candidates who will score higher marks in mains exam will be placed at higher ranks in IBPS Clerk merit list and amongst those having high ranks will be selected for allotment of banks as per their preference and merit.


 

IBPS Clerk cut off 2016 : Important Dates

Events

Dates

IBPS Clerk Preliminary Exam

November 26, 27 and December 03 & 04, 2016

Declaration of IBPS Clerk Cut off score – Preliminary

December 16, 2016

IBPS Clerk Mains Exam

January 01, 2017

Declaration of IBPS Clerk Cut off score – Mains

To be declared soon

IBPS Clerk Final Allotment based on Cut off Score

April, 2017

IBPS Clerk Cut off Factors :

IBPS may consider on factors given below while deciding IBPS clerk 2016 cut off score:

  • Number of vacancies
  • Number of candidates appeared in the exam
  • Competition level of the exam

How to calculate IBPS Clerk Cut off 2016 :

Scores:

  • The corrected scores obtained by each of the candidates in different sessions will be normalized using equi-percentile method
  • Scores up to 2 decimal points shall be taken for the purpose of calculations

IBPS Clerk Mains Cut off Score 2016 = Total Weighted Score= Marks obtained in (Reasoning ability + English language + General awareness + Quantitative aptitude + Computer Knowledge)

Cut off Score:

  • Mean – 3/4th of Standard Deviation for SC/ ST/ OBC/ PWD/EXS categories
  • Mean – 1/4th of Standard Deviation for General Category
  • There will be a second level cut off point on total as per requirement

Highlights of IBPS Clerk Cut off 2016 :

The examination authority will declare IBPS Clerk 2016 cut off in three stages. The detail related to IBPS Clerk 2016 cut off is discussed below.

 

IBPS Clerk Cut off Score 2016 for Mains :

 The cut off score of IBPS Clerk 2016 mains exam is for shortlisting candidates for allotment of banks as per their preference and rank in merit list. Only those candidates who will be declared qualified the mains exam who will secure sectional and overall cut off score as per their category.

IBPS Clerk Expected cut off score 2016 for Mains :


Section wise IBPS Clerk Cut off 2016 - Mains

Section

Expected Cutoff

Reasoning

10-12

Quantitative Aptitude

9-12

Computer Knowledge

15-20

General Awareness

10-12

English Language

13-15

State wise IBPS Clerk Cut off 2016 - Mains

State

Expected Cutoff

ANDHRA PRADESH

132-135

WEST BENGAL

130-133

ODISHA

128-132

KERALA

125-130

BIHAR

125-130

UTTARAKHAND

125-130

JAMMU & KASHMIR

122-127

NEW DELHI

122-127

CHANDIGARH

120-125

RAJASTHAN

120-126

JHARKHAND

119-123

MADHYA PRADESH

119-124

CHHATTISGARH

118-121

HARYANA

118-122

TELENGANA

118-123

HIMACHAL PRADESH

115-118

PUNJAB

114-117

UTTAR PRADESH

115-118

ASSAM

105-108

TAMIL NADU

102-105

MAHARASHTRA

91-93

GUJARAT

89-92

ANDAMAN & NICOBAR

83-86

ARUNACHAL PRADESH

82-85

DADRA & NAGAR HAVELI NA

84-86

DAMAN & DIU

84-87

GOA

89-92

KARNATAKA

92-96

IBPS Clerk Previous year Cut off :

Check below the previous year cut off for IBPS Clerk 2015 by clicking the below link:

IBPS Clerk 2015 Final Cut off Marks

Stay tuned for more news and updates on IBPS Clerk cut off 2016.

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SBI PO 2017 Last Month Practice Tips

SBI PO 2017 Last month Practice tips

SBI PO 2017 Last month practice tips: Get here complete tips and tricks for preparation of SBI PO Preliminary exam.

SBI PO 2017 - Last Month Practice Tips

Success doesn’t lie in results but in efforts!

Only a month to go for the SBI PO Prelims exam and students are busy with preparations. In this short time- period, students need SBI PO last month preparation tips as per the SBI PO exam pattern and syllabus.

Candidates who manage SBI PO Prelims will be able to attempt for SBI PO Mains. So, for those aspirants who aim to hit the score board of SBI PO Prelims with great scores, we present you the last month preparation tips for SBI PO.

SBI PO Prelims 2017 Exam Pattern-

It is highly essential on every candidate’s part to be aware of the SBI PO Prelims exam pattern. Let us take a look:

Name of the section Number of Questions Marks
English Language 30 30
Quantitative Aptitude 35 35
Reasoning Ability 35 35
TOTAL 100 100

Note: Time duration- 1 hour

Before moving on the last minute tips for SBI PO, we suggest all our students to take a look at the SBI PO Prelims syllabus and important topics. Make sure your preparation strategy revolves around the syllabus and you prepare all the important topics of SBI PO Prelims 2017 exam.

We would suggest you topic- wise preferences for SBI PO Prelims 2017 exam:

SBI PO Prelims 2017: Preference- wise topic distribution

Quantitative Aptitude-

First Preference- Simplification/ Approximation, Number Series, Quadratic Equations

Time consuming topics (which you can attempt after first preference ones) – DI questions, Miscellaneous.

Reasoning Ability-

First Preference- Syllogism, Inequality, Coding and Decoding

Time consuming topics (which you can attempt after first preference ones) – Seating Arrangement, Puzzles.

English Language-

First Preference- Cloze Test, Spotting Error, Fill in the blanks / Sentence Improvement

Time consuming topics (which you can attempt after first preference ones) –Para Jumbles, Reading Comprehension.

SBI PO Prelims Last Month Preparation Tips

Last Month Tips for SBI PO Preliminary Exam 2017

Reasoning Ability

  • Categorize the topics in two groups: easy topics and tough topics. Practice the tough ones in detail and in focussed manner followed by the easy ones.
  • Pick up the right strategies for solving questions of Quant and short cut tricks to make your speed enhanced.
  • Pick up questions from examples followed by test papers. Solving examples will give you command over multiple questions of different types. Solving test papers will make you identify how prepared you are.
  • Practice from SBI PO mock tests and SBI PO sample papers.

English Language

  • Attempt SBI PO mock tests and solve online SBI PO question papers to get an idea of SBI PO pattern and types of questions asked.
  • Revise through all the topics one- by –one. Practice topics in which you are poor at and give them enough time.
  • Practice English quizzes and sample papers which will develop your accuracy and speed.
  • Either you can read online or get a standard book to learn words/ synonym/ antonyms/ voice/meanings on daily basis.
  • Develop the habit of reading by going through magazines and newspapers.

Quantitative Aptitude

  • Data Interpretation (DI) questions are the most time- taking yet crucial section. You need to put in decent efforts to solve DI questions.
  • Try to adhere by your time- table and practice accordingly. Make sure you cover all the topics allotted in the time- table and don’t miss out any of them.
  • You can also go through Class 10th to Class 12th standard questions to get hold of the basics and increase your speed.
  • Jot down formulae and practice. Prepare sticky notes for formulae and important concepts and keep looking at them regularly.

Target SBI PO Prelims 2017 exam with last month preparation tips for SBI PO. All the best and score well!

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IBPS Clerk CWE VI Final Result 2016-17 Expected Soon

IBPS Clerk CWE VI Final Result 2016

IBPS Clerk CWE VI Final Result 2016


IBPS conducted CWE Clerical Cadre VI prelims in November and December. The result of IBPS Clerk Prelims 2016 was declared on 9 December. The qualified candidates were called for the Mains exam.Main exam was held on 31st December and 1st January.


 

The result of IBPS Mains exam (also referred as the Final Result) will be declared soon by the IBPS.

IBPS CWE VI Final / Mains Result will indicate list of candidates who will get offer for recruitment through IBPS Clerk Recruitment 2016 for vacancies to be filled during April 2017- March 2018.

IBPS PO Mock Test - Attempt Now!
 

IBPS Clerk Mains Result 2016-17


IBPS Clerk CWE VI Mains was of 200 marks and contained questions from following sections:

  • English Language
  • Reasoning Ability
  • Quantitative Aptitude
  • Computer Knowledge
  • General Awareness

How to Check the Result for IBPS Clerk VI Mains 2016-17


To check the IBPS Clerk VI Mains Result, follow the below steps:
 

  • The candidates should visit the official website.
  • Go to the IBPS Clerk CWE tab.
  • Click on the link, 'Click here to view your results for CWE Clerks VI Main Examination'.
  • Enter the registration number and password.
  • The results will be displayed on the screen.
  • The candidates must take a printout for future use.


 

We will update the IBPS Clerk VI Mains Result link as soon as it is declared. Keep following our website for more news, updates and tips.

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Utkal Grahmin Bank Pre-joining Formalities Released

Utkal Grahmin Bank Pre-joining Formalities

Utkal Gramin Bank has released the Pre-joining formalities schedule for the candidates who have been shortlisted on the basis of RRBs-CWE-V examination of Officers Scale-I,II and Office Assistant (Multipurpose) which was conducted by IBPS.

About Utkal Grahmin Bank :

The Bank operates in 17 districts of Western and Southern Orissa viz. Bolangir, Sonepur, Bargarh, Sambalpur, Deogarh, Jharsuguda, Sundargarh, Kalahandi, Nuapada, Kandhamal, Boudh, Ganjam, Gajapati, Koraput, Malkangiri, Rayagada and Nabarangpur districts covering 57% of the total districts and 63% of the geographical area and 48% of the total population of the State as per 2001 census.

The verification of Biometric impressions and original documents of the allotted candidates will be held tentatively on 5.04.2017, 6.04.2017 and 7.04.2017 at Utkal Gramin Bank, head office, Bolangir.

(A) FOR THE POST OF OFFICER SCALE-II (CWE-V)

Provisional List of Shortlisted Candidate

(B) FOR THE POST OF OFFICER SCALE-I (CWE-V)

Provisional List of Shortlisted Candidate

(B) FOR THE POST OF OFFICE ASSISTANT(M) (CWE-V)

Provisional List of Shortlisted Candidate

For more details, visit the official website of Utkal Gramin Bank – ugb.co.in. 

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NICL AO Recruitment 2017: Check Complete Details

NICL AO Recruitment 2017: Check Complete Details

NICL AO Recruitment 2017

National Insurance Company Limited (NICL) has published a recruitment notification for the post of Administrative Officers (Generalist) under Scale-I grade. The eligible candidates who are willing to make a career in insurance sector can apply.

About NICL:

National Insurance Company Limited is the Government owned general Insurance company established in the year 1906 headquartered in the city of Kolkata. NICL is the subsidiary of General Insurance Company Limited.

NICL AO Recruitment 2017 - Details :

Company

National Insurance Company Limited

Post Name

Administrative Officers -Scale I

Total Number of vacancies

205

Category wise vacancy

General -113, SC-31, ST-16 , OBC-45

NICL AO Recruitment 2017 - Important Dates

Events

Dates

Opening Date of Online Registration

30th March 2017

Closing Date of Online Registration

20th April 2017

Download of Admit Card for Preliminary Exam

May 2017

Online Examination - Preliminary

3rd and 4th June 2017 (Tentative)

Online Examination - Mains

2nd July 2017

NICL AO Recruitment 2017 – Selection Procedure

The selection will be based on three phases : Preliminary exam, Mains exam and Interview.

(A) Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This test would be of 60 minutes duration consisting of 3 sections as follows :

Name of the test

Max. Marks

English Language

30

Reasoning Ability

35

Quantitative Aptitude

35

(B)Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 Marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer Descriptive Test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.

  1. Objective Test : The Objective Test of 2 hours duration consists of 5 sections for total 200 Marks.

    Name of the test

    No. of Questions

    Max. Marks

    Reasoning Ability

    40

    40

    English Language

    40

    40

    General Awareness

    40

    40

    Computer Knowledge

    40

    40

    Quantitative Aptitude

    40

    40

  2. Descriptive Test : the Descriptive Test of 30 Minutes duration with 30 marks will be a Test of English Language (Essay, Precis and Comprehension). The descriptive test will be in English and will be conducted through on line mode.

Note: There will be sectional cut offs in both prelims and mains.

(C) Interview Candidates who have been shortlisted based on online Phase – II (mains examination) will subsequently be called for an Interview to be conducted by the Company. Interview will be conducted at select centres. The centre, address of the venue, time & date of Interview will be informed to the shortlisted candidates in the call letter.

NICL AO Recruitment 2017 – Eligibility Criteria

  1. Age: Minimum age of the Candidate should be 21 years and Maximum age is 30 years as on 1st

  2. Education: A candidate must possess the minimum qualification of a Graduate/Post Graduate in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government with at least 60% marks in either of the degree examination (at least 55% for SC/ST) candidates.

NICL AO Recruitment 2017 – Application Fee

Category

Fees

SC/ST/PWD

Rs. 100 (intimation charges only)

Candidates other than SC/ ST/ PWD

Rs. 600 (Application fees including intimation charges)

NICL AO Recruitment 2017 – How to Apply

  • Candidates need to visit the official website of NICL.
  • In the recruitment section, candidates can read the official notification.
  • After going through the details, candidates can register and pay the required fees.
  • Candidates can apply online for NICL AO 2017 from 30.03.2017 to 20.04.2017.

NICL AO 2017 Official Notification - Check Here

The link to register online will be updated soon.


Stay tuned for more updated on NICL recruitment 2017.


Keep following us for more updates on NICL AO Recruitment 2017


 

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South Indian Bank Recruitment 2017

South Indian Bank has issued a notification for the recruitment of IT Officer (Probationary Officer (IT) – Scale I) & IT Project Manager (Probationary Manager/ Senior Manager- Scale II/ III) vacancies. Eligible candidates may apply online from 22-03-2017 to 31-03-2017.


South Indian Bank Recruitment 2017 Vacancy Details:

 

Total No. of Posts: 25

IT Officer (Probationary Officer (IT) – Scale I)

15 Posts

IT Project Manager (Probationary Manager/ Senior Manager- Scale II/III)

10 Posts

Age Limit: Candidates age limit should be not more than 28 years for IT Officer & 40 years for IT Project Manager as on 31-12-2016. Age relaxation is applicable to 05 years for SC/ ST candidates.


Educational Qualification: Candidates should possess Graduation (B.Tech/ B.E in Computer Science, Information Technology, Electronics and Communication, Electronics & Electrical, Electrical, Instrumentation) or Post Graduation (MCA, M.Sc IT, M.Sc Computer Science) with at least 60% marks with relevant experience.

Selection Process: Candidates will be selected based on Written Test/ Group Discussion & Personal Interview.

Application Fee: Candidates should pay Rs. 700/- for General Category candidates and Rs. 150/- for SC/ ST candidates through challan at any of the branches of South Indian Bank.

How to Apply: Eligible candidates may apply online through the website

How to Apply Online for South Indian Bank Recruitment 2017 :

1. Login through the website www.southindianbank.com.
2. Click on Careers.
3. Select desired post & click on Apply Online.
4. Fill all the details carefully & submit the form.
5. Take printout of application for future use.

South Indian Bank Recruitment 2017 Important Dates:

Starting Date to Apply Online

22 March 2017

Last Date to Apply Online

31 March 2017

Last date for submission of application fee at any branch of South Indian Bank

4 April 2017


Keep following us for more updates on South Indian Bank Recruitment 2017.


 

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Predictions about SBI PO 2017 pattern Expected Questions

Predictions about SBI PO 2017 Exam pattern and expected Questions Sections and topic wise.

Predictions about SBI PO 2017 pattern, Expected Questions

The SBI PO Prelims is yet to be held on 29, 30 April & 6, 7 May. The young graduates must have busy with their preparations. This article aims to ease your stress and provide sure shot pattern and expected questions. This data has been developed by the experts based on the analysis of previous years’ examination papers. Therefore, candidates are recommended to analyze these questions and prepare a study plan which includes the sure shot questions discussed here.

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Subject Wise Most Important Topics for SBI PO 2017 Prelims:

  1. Topics in Reasoning Ability section that are important along with the weightage are given hereunder:
  1. 5 questions on seating arrangement (Linear) with moderate level of difficulty can be expected.
  2. 5 questions on seating arrangement (Circular/Square) with moderate to difficult level can be expected.
  3. 15 questions on 2-3 sets of Puzzles with difficult level can be expected.
  4. 5 easy questions on Inequality can be expected.
  5. 5 Miscellaneous questions on Blood relation, Ranking, Direction etc with easy to difficult level can be expected.
  6. Questions n syllogism, coding-decoding are less likely to appear in the examination.

  1. Topics in Quantitative Aptitude section that are important along with the weightage are given hereunder:
  1. 5 questions on Number series with moderate level of difficulty can be expected.
  2. 10 questions on Data Interpretation with moderate level of difficulty can be expected.
  3. 5 questions on Simplification & Approximation with easy to moderate levels can be asked.
  4. 5 questions on Quadratic Equation with moderate to difficult level of difficulty can be asked.
  5. 10 miscellaneous questions on topics like Percentage, Ratio & Proportions, Simple Interest & Compound Interest, Profit & Loss, Time & work, Speed, Time, distance etc. can be expected.

Overall, 2 questions of Data Interpretation are asked from table based and Bar/Line Graph can be expected.

  1. Topics in English language section that are important along with the weightage are given hereunder:

  1. 10 questions on reading comprehension with moderate to difficult levels can be expected.
  2. 5 questions on Cloze Test with easy to moderate level of difficulty can be expected.
  3. 5 questions on Spotting Error/ Sentence correction with moderate level of difficulty can be asked.
  4. 5 questions on Fill in the Blanks with easy to moderate level can be expected.
  5. 5 questions on Para jumble with moderate to difficult level of questions can be expected.

This type of questions is sure shot pattern in SBI Prelims. Candidates are advised to practice the questions based on the pattern to improve accuracy. Plan a good study schedule for your preparation. All the Best.

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SBI PO Salary, Allowances, Compensation up to 12 lakhs per annum

SBI PO Salary 2017 : Complete detail of SBI PO Salary allowances and Structure after 7th pay commssion.

SBI PO Salary  2017

Ever wondered why so many young graduates dream to crack SBI PO? The Answer is because of the employee benefits which are irresistible. The recruitment body has scheduled the PO exam in May/June of this year. Most of the candidates must be aware of the details of these perks. This article provides the details of the SBI PO salary Allowances and benefits. A PO is entitled to enjoy all the facilities like in hand salary, facilities, Allowances, Salary during the training period, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, Salary increments, Grade pay, Career growth opportunities, 7th pay commission effect on salary etc.

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SBI PO salary Allowances:

The salary structure for PO is eligible for reimbursement of range of prerequisites, PF, Gratuity, Pension under New Pension Scheme, Medical Leave, Leave fare and other facilities as per the instructions of the Bank issued on a timely basis.

SBI PO Salary Structure and Package 2017:

BI PO Basic Pay

Rs. 27620/- (4 Increments also applicable)

Dearness Allowance (DA) 

46.9% of the Basic Pay (Revised Quarterly)

(CCA)

This varies with the place of posting at 4% or 3%.

HRA

9%, 8% or 7% (Depends on the place of posting)

Furniture Allowance

Rs. 120000/-

Medical Insurance

100% medical coverage for SBI employees and 75% for their family members

Travelling Allowance

For official travels, reimbursement of AC 2-tier fare is provided

Petrol

Approx. Rs. 1100-1250

SBI PO Gross Salary with HRA

Total Compensation: 7.55 lakhs and maximum of 12.93 lakhs depending on the place of posting and other factors.

Other benefits and perks to SBI PO:

There are other benefits available for the PO.

Dearness Allowance (DA):

This allowance is modified on quarterly basis during the months of February, May, August, and November depending upon the Consumer Price Index (CPI) as announced by the Government of India. When the inflation is high, DA also increases and when the expansion falls, DA also decreases.

Housing Allowance:

This remuneration contains rental settlement where in the recruited PO gets the house rent allowance as part of the salary package.

Medical Benefits:

SBI certainly has interest in the well being of health of the Pos and their families. SBI provides Medical benefits 100% to the employee and 75% to the family members. The Bank also has tie-ups with the best medical offices around the country and the workers are eligible for cashless treatments at particular health care facilities.

Travel Allowance:

The POs also get personal time off where they get to travel and the allowance is taken care by the SBI. Occasion homes and Bank’s visitor houses are accessible to the POs during their travel.

Leave Policy:

SBI Probationary Officers are given leaves, 33 days of benefits leave and 12 days of easygoing leave every year alongside sick leave and maternity take off. Women and Single Men have the privilege to take a holiday of over 2 years.

Monthly benefits:

Apart from the regular pay structure, SBI PO also qualifies for various perks and prerequisites. Daily paper stipend and other allowances like petrol, entertainment, house upkeep, books and magazine remittance, portfolio recompense, repayment of phone bills are a portion of the perquisites given by the bank to the worker.

Miscellaneous benefits:

The SBI Bank POs would also benefit Housing Loans, Car Loan, and Personal Loans at a concessionary rate of premium. In addition to this, the Bank also advances scholarship to the meritorious children of all the workers. Pension is another blessing that comes in handy post retirement.

Smart Compensation Package:

SBI also made arrangements to offer a smart compensation package which gives the feasibility to workers to adopt particular components of the SBI PO overall salary.

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Frequently Asked Banking Awareness Quiz for SBI PO 2017

Banking & Financial Awareness Quiz for SBI PO 2017

Dear Aspirants,

Banking and Financial Awareness is an important part of any bank exam.With SBI PO Prelims round the corner, it should be your priority to cover every aspect of Banking and Financial Awareness Questions.

We are providing below Frequently Asked Banking Awareness Quiz for SBI PO examination 2017.

Q1. MICR code is used for

  • Electronic Clearance of Cheques
  • Electronic Funds Transfer
  • Code Banking Solution
  • Cheque Truncation Services
  • None of the above

Ans: Electronic Clearance of Cheques

Q2. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds is called-

  •  Call Rate
  • CRR
  • Bank Rate
  • Repo Rate
  • SLR

Ans: Repo Rate

Q3. With reference to the insurance and banking sector, which of the following is the most appropriate explanation of "PIN"?

  • Postal Index Number
  • Personal Index Number
  • Personal Identification Number
  • Personal Information Number
  • Permanent Identification Number

Ans: Personal Identification Number

Q4. Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at-

  • Ahmedabad, Gujarat
  • Lucknow, Uttar Pradesh
  • Ajmer, Rajasthan
  • Chennai, Tamil Nadu
  • Kolkata, West Bengal

Ans: Ahmedabad, Gujarat

Q5. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with effect from January 1, 2016.

  • Rs. 1 lakh
  • Rs. 2 lakh
  • Rs. 3 lakh
  • Rs. 4 lakh
  • Rs. 5 lakh

Ans: Rs. 2 lakh

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Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point?

  • Ten percent of one-hundredth point
  • One hundredth of 1%
  • One hundredth of 10%
  • Ten per cent of 1000
  • None of the above

Ans: One hundredth of 1%

Q7. Which of the following is NOT a type of cheque issued by an individual?

  • Bearer cheque
  • Order cheque
  • Crossed cheque
  • Savings cheque
  • None of the above

Ans: Savings cheque

Q8. What is Financial Inclusion?

  • To provide a permanent employment to the unemployment
  • To provide a 100 days job to all those who are in need of a job
  • Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups
  • To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks.
  • None of the above

Ans: Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups

Q9. Which of the following places in India does not have a stock Exchange?

  • Kolkata
  • Ahmedabad
  • Mumbai
  • Udaipur
  • None of the above

Ans: Udaipur

Q10. Which of the following is the name of private sector Bank in India?

  • IDBI Bank
  • Axis Bank
  • Corporation Bank
  • UCO Bank
  • Dena Bank

Ans: Axis Bank

Q11. Which of the following types of companies/organisation issue "ULIP"?

  • Insurance Companies
  • Banks
  • NABARD
  • RBI
  • None of the above

Ans: Insurance Companies

Q12. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash?

  • Core Banking Solution
  • Pay orders
  • Demand Drafts
  • Automated Teller Machines
  • None of the above

Ans: Automated Teller Machines

Q13. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers via SMS/ E-mails?

  • Reserve Bank of India (RBI)
  • India Bank's Association
  • Indian Institute of Banking & Finance
  • Securities & Exchange Board of India
  • None of the above

Ans: Reserve Bank of India (RBI)

Q14. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose?

  • Kisan Credit Card
  • Personal Loan
  • Business Loan
  • All of the above
  • None of the above

Ans: Kisan Credit Card

Q15. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial asset freely at market determined exchange rates?

  • Capital Accounts Convertibility
  • Financial Deficit Management
  • Minimum Support Price
  • Special Drawing Rights
  • None of the above

Ans: Capital Accounts Convertibility


Stay tuned for more questions on SBI PO 2017.

 

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