Federal Bank is one of the leading private banks in India, with its headquarters in Aluva, Kochi. The Bank will soon release its Federal Bank PO Notification for recruiting Officers in Junior Management Grade 1(Scale 1) in different bank branches. Federal Bank offers its customers various services, including internet banking, mobile banking, merchant banking, mutual funds, etc. It enlists staff to carry out its daily activities, and for doing so, it releases recruitment notifications.
The bank has more than 1,250 branches spread across several states in India. It also has Representative Offices overseas in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. The Federal Bank has a customer base of over 10 million, including 1.5 million NRI customers and an extensive network of settlement partners worldwide. The bank handled more than 15% of India’s total inward settlements of $79 billion in 2018, and it also has settlement arrangements with more than 110 Banks/Exchange Companies around the world.
The Bank is also listed in the BSE, NSE, and London Stock Exchange and has a branch in India’s first International Financial Services Centre (IFSC) at GIFT City. The Bank has been recognized as a Great Place to Work as well.
|Designation||Federal Bank Officer Junior Management Grade 1(Scale 1)|
|Conducting Bank||Federal Bank|
|Location||According to requirement|
|No. of levels||1. Online Aptitude Test (online)|
2. Group Discussion (online)
3. Interview (in person)
Federal Bank looks for eager and skilled prospects with the right mindset and talent to carry out tasks more effectively. Candidates can refer to the previous year’s notification for reference.Federal-Bank-PO-Notification
Federal Bank PO Notification will contain all the important information regarding the starting and ending dates, application procedure, eligibility conditions, job profile, salary, wages, benefits, etc. Students must examine the notification to study everything about the job and organize their preparation.
The dates for Federal Bank PO Recruitment 2023 are given in the table below:
|Opening date to apply for the Federal Bank PO Exam||October 2023|
|Last date to apply for the Federal Bank PO Exam||November 2023|
|Federal Bank PO Online Aptitude Test||December 2023|
|Federal Bank PO Result||January 2023|
The application process for Federal Bank PO is a crucial step because it determines the eligibility of the candidates for the post. The most essential step in the application process is to ensure that all the required documents are submitted on time. This includes the application form, required documents such as educational qualification certificates, work experience certificates, and other documents as required by the bank.
The fees required for application differ depending on the students’ category. The application fees that must be paid to apply for the PO:
|General and Others||INR 500/-|
Students applying for the Probationary Officer must meet the age limit.
Candidates shall not exceed 27 years as of 01.11.2022 (candidates should be born on or after 01.11.1995) to be eligible to apply for the selection process. The age of SC/ST candidates shall not exceed 32 years as of 01.11.2022 (candidates should be born on or after 01.11.1990).
Students who fail to meet the criteria for the age limit will not be permitted to write the exam.
Presently the starting Basic Pay applicable to Officers (in Scale I) is ₹36,000. The official will also be eligible for DA, Lease rental/HRA, CCA, Medical, and other allowances and perquisites as per Rules in force from time to time. The Cost to the Company per annum would be a minimum of ₹9.95 Lakhs and a maximum of ₹13.70 Lakhs depending upon the place of posting and other factors. The Take Home Pay will be around ₹65,500 per month (excluding statutory deductions like Income Tax, Profession Tax, NPS, etc.).
Allowances that are calculated based on Federal Bank PO basic wages are:
|Dearness Allowance (DA)||This is calculated based on the CPI and is revised quarterly.|
|House Rent Allowance / Lease Rental||This component is based on the location of the posting and usually varies from 7 to 9 percent of the Basic Pay.|
|City Compensatory Allowance (CCA)||This component, too, depends upon the location of the posting and is 0, 3, or 4 percent of the Basic Pay.|
|Medical and Other Allowances||According to the rules.|
The selected candidates will be required to execute a Service Level Agreement upon joining the Bank undertaking to serve the Bank for a minimum of 2 years or to pay the Bank a sum of `50,000/- as the cost of training in case the candidate leaves the Bank before the completion of the service period (Subject to the Bank’s approval and norms followed).
Candidates selected as Officers in Junior Management Grade I will be on probation for 2 years.
The Federal Bank will release the Federal Bank PO Admit Card for the Online Aptitude Test soon. This document contains vital information regarding the student, examination time, and venue. It also contains the general instructions to be followed by students who attend the exam at the examination center. The Online Aptitude Test date for the Federal Bank PO recruitment will be announced in the official notification. The Group Discussion & Personal Interview round will be conducted for the students chosen from the Online Aptitude Test.
1. Visit the official website of the Federal Bank.
2. Click on the “Careers” section on the homepage.
3. Look for the Probationary Officer (PO) exam admit card link.
4. Click on the link and enter your registration details like name, date of birth, email and other details.
5. Once the details are entered, your admit card will be displayed on the screen.
6. Download the admit card and take a printout for future reference
All the information available on the admit card:
The Students will be selected for the post of PO based on their performance in the Online test, Group discussion, and Interview while preparing the shortlisted students list.
The online test will have the following sections:
|Subjects||Mode of Language|
|Verbal Ability / English Language||English|
|Logical Aptitude / Reasoning||English|
|Quantitative / Numerical Ability||English|
|General, Socio-economic & Banking||English|
Federal Bank PO Exam Pattern: Tier I for Officer Scale I
|Section||Total Questions||Total Marks|
|Verbal Ability/English Language||30||30 Marks|
|Logical Aptitude/Reasoning||30||30 Marks|
|Quantitative/Numerical Ability||30||30 Marks|
|General, Socio-economic & Banking||25||25 Marks|
|Computer Awareness||20||20 Marks|
|Digital Banking||15||15 Marks|
The total Duration of the exam will be 90 mins. Wrong answers carry a negative marking of 0.25.
The Bank intends to conduct the Personal Interview at the following locations:
Before preparing to score well in the Federal Bank PO, students must clearly understand the syllabus and its subjects.
The following subjects are included in the syllabus of the Federal Bank PO:
|1. Reasoning||Verbal Reasoning: • Verbal Ability • Reading Comprehension • Para Jumbles • Sentence Correction/Improvement • Substitution/Omission • Sentence Completion • Error Detection • Analogies • Fill in the Blanks • Closet Test |
Analytical Reasoning: • Blood Relations • Direction & Distance • Coding & Decoding • Data Sufficiency • Syllogism • Seating Arrangement • Order & Ranking • Logical Reasoning • Data Interpretation • Input-Output • Puzzles
Numerical Ability: • Number Series • Simplification/Approximation • Quadratic Equations • Data Interpretation • Arithmetic • Number System • Average • Ratio & Proportion • Percentage • Profit & Loss • Interest • Time & Work • Speed & Distance • Mensuration
|2. Quantitative Aptitude||Simplification, profit & loss, time & work, speed & distance, time & distance, data interpretation, etc.|
|3. English Language||Reading Comprehension: This section involves understanding and interpreting passages, and answering questions related to the same. |
Sentence Formation: This section involves forming sentences using words and phrases provided.
Verbal Ability: This section involves understanding and identifying vocabulary, grammar, and correct usage of words.
Error Spotting: This section involves identifying and correcting errors in given sentences. Cloze Test: This section involves filling in blanks in given passages with appropriate words. Para Jumbles: This section involves rearranging jumbled sentences to form a meaningful and coherent paragraph.
Fill in the Blanks: This section involves filling in the blanks with appropriate words to form correct sentences.
Sentence Correction: This section involves identifying and correcting the grammatical errors in given sentences.
|4. General Awareness||Current affairs, banking, and financial awareness.|
|5. Computer Knowledge||Introduction to Computers: Basic concepts of computer, Hardware and software, Input and output devices, Computer organization and architecture, and Operating systems. |
MS Office: MS Word, MS Excel, MS Powerpoint
Computer Networking: Networking basics, Network topologies, Network devices, LAN, WAN, Internet.
Database Management System: Database concepts, Database design, SQL queries, Relational database
Programming Languages: C, C++, Java Algorithms and Data Structures: Searching and sorting algorithms, Trees and graphs, Data structures
Cyber Security: Cybercrime prevention, Ethical hacking, Cryptography
|6. Digital Banking||a.Introduction to Digital Banking: Overview of digital banking services and products, types of digital banking services, and benefits of digital banking services. |
b. Mobile Banking: Introduction to mobile banking services, features of mobile banking, how to use mobile banking services, security measures for mobile banking.
c. Online Banking: Overview of online banking services, features of online banking, how to use online banking services, security measures for online banking.
d. Automated Banking: Introduction to automated banking services, features of automated banking, how to use automated banking services, security measures for automated banking.
e. Credit Card Banking: Overview of credit card banking services, features of credit card banking, how to use credit card banking services, security measures for credit card banking. f. Investment Banking: Introduction to investment banking services, features of investment banking, how to use investment banking services, security measures for investment banking.
g. Payment Services: Introduction to payment services, features of payment services, how to use payment services, security measures for payment services.
h. Money Transfer Services: Overview of money transfer services, features of money transfer services, how to use money transfer services, security measures.
The result of the Federal Bank PO will be announced on the official website only. Those who appeared for the exam must visit the website regularly to avoid missing out on any notifications related to the exam’s results. The bank is expected to release the official notification and conduct the examination soon this year. The results of the examination will be declared within one or two weeks of the examination.
Federal Bank PO Result for the Federal Bank PO exam will be released approximately one month after all the rounds of the recruitment procedure – an online aptitude test, group discussion, and interview – have ended.
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Federal Bank PO is an excellent job for those looking to enter the banking sector. It offers good job security, competitive salaries, and growth prospects. It is also a good opportunity to gain experience in banking operations, which can be helpful in the long run.
Yes, final-year students waiting for their University/College to publish their results can apply for the Federal Bank exams.
The probation period for the Federal Bank Probationary Officer post is 2 years.
At present, online registration has not started. Students must check the official website regularly to know about the latest notifications.
To become a Probationary Officer (PO) at Federal Bank, you must meet the eligibility criteria and apply for the post when the bank releases its recruitment notifications. Generally, Federal Bank PO recruitment notifications are issued twice a year. To be eligible for the post, you must be an Indian citizen between the ages of 21 and 26, possess a degree in any discipline from a recognized university, and have a minimum aggregate of 55% marks.
Students older than 27 years (32 years for SC/ST) will not be allowed to apply for the Federal Bank PO as of the date mentioned in the official notification.
Depending on the location of postings and other criteria, the Federal Bank PO yearly salary ranges from INR 7.50 Lakhs to INR 9.40 Lakhs.