Federal Bank PO 2023: Latest News, Eligibility, Salary & Vacancy
Table of Contents
Table of Contents
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.
About Federal Bank
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.
Federal Bank PO 2023: Overview
| Designation | Federal Bank Officer Junior Management Grade 1(Scale 1) |
| Conducting Bank | Federal Bank |
| Location | According to requirement |
| Application Mode | Online |
| Exam Mode | Online |
| No. of levels | 1. Online Aptitude Test (online) 2. Group Discussion (online) 3. Interview (in person) |
| Official website | federalbank.co.in |
Federal Bank PO Exam Notification
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-NotificationFederal 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.
Federal Bank PO Exam Dates 2023
The dates for Federal Bank PO Recruitment 2023 are given in the table below:
| Events | Date (Tentative) |
| 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 |
Federal Bank PO Application
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.
How to apply for Federal Bank PO?
- To submit applications online, log on to Bank’s website, follow the link ‘Careers,’ and click the link ‘Recruitment Process of Officer in Junior Management Grade I.’
- Read the notification, eligibility criteria, and instructions carefully. Now click the ‘Apply Now’ button hosted below the link ‘Recruitment Process of Officer in Junior Management Grade I’.
- Enter your Valid Mobile Number, Email ID and set your Password. The Password should contain at least 8 characters with at least 1 digit, 1 alphabet, and 1 unique character. This will be your registered Mobile Number, Email ID, and password throughout the process. Click the SEND OTP button to receive two OTPs in your mobile & email. Enter both OTPs on the screen and click the ‘Verify’ button.
- Enter your Personal, Academic, Experience, References (Name, Address, Email ID & Telephone Number of three references excluding relatives and friends), and other details as required. Candidates shall fill all the fields in the registration portal correctly.
- Modify details, if required, and Click ‘I Agree’ in the declaration tab only after verifying the details entered by you. Candidates are advised to carefully verify the details in the registration portal themselves, as no change will be possible / entertained after clicking the ‘I Agree’ button.
- Candidates can proceed to upload Photos & Signatures as per the required specifications. Refer the guidelines for scanning and uploading Photographs and Signatures.
- Personal Data Form (as per the details entered in the registration portal) will be sent to the candidate’s registered email id for information/reference.
- Click on the ‘Proceed to Pay’ button. Application Fee details will be available on the screen Click on ‘Proceed to Pay’ only after verifying the Fee details.
Federal Bank PO Application Fee
The fees required for application differ depending on the students’ category. The application fees that must be paid to apply for the PO:
| Category | Fee |
| General and Others | INR 500/- |
| SC/ST | INR 100/- |
Federal Bank PO Eligibility Criteria
Nationality
- Candidate must be a citizen of India
- The place of domicile of the candidates should be in any of the States of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Tamil Nadu, or Telangana.
Age Limit
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.
Educational Qualifications
- Graduates or Post-Graduates from a University incorporated by an Act of the Central or State Legislature in India or other educational Institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act, 1956 or possess an equivalent qualification recognized by the Ministry of HRD, Government of India or approved by AICTE.
- Candidates should have a minimum aggregate of 60% or above throughout Class X, Class XII, Graduation, and Post-Graduation (if applicable).
- Candidates who are passing out Graduation or Post-Graduation in the current academic year and satisfying the above eligibility criteria are also eligible to participate in the selection process if they have cleared all the papers of previous years/semesters of the qualifying examination with an aggregate of 60% as on 01.11.2022 and all the papers about subsequent semester(s) should be cleared along with the results of final year/semester examination. The final year/semester examination should be cleared on the first chance.
- Graduation courses must entail at least 4 years of education after completing Higher Secondary schooling or Diploma.
- Post-Graduation courses must entail at least 2 years of education after graduation.
- The aggregate percentage obtained by the candidate would be ascertained based on the practice followed by the Board / University / Institution. If the candidates are awarded Grades / CGPA or any other metrics system, the percentage would be based on the equivalence of the Board / University / Institution certified.
- Year-wise / semester-wise mark sheet for each year/semester regarding the qualifying examinations from the concerned Board / University / Institution should be available.
- The minimum aggregate percentage prescribed for the examinations cannot be rounded off. (For example, a candidate who has secured an aggregate of 59.99% or grade point equivalence will not be permitted to appear for the selection process as the minimum stipulated aggregate is 60%).
Federal Bank PO Salary
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. |
Service Level Agreement
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).
Probation Period
Candidates selected as Officers in Junior Management Grade I will be on probation for 2 years.
Federal Bank PO Exam Admit Card
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.
Steps to download admit card
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:
- Candidate’s Name
- Hall ticket number
- Registration number
- Test timings
- Exam Center Location/ Venue of the Exam
- Gender
- Name of the exam
- Reporting time
- Date of Birth
- Signature and photograph
- Important instructions for appearing in the exam.
Federal Bank PO Exam Pattern
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:
- English / Verbal Ability
- Quantitative Aptitude
- Reasoning / Logical Aptitude
- Computer Awareness, General, Socio-Economic Awareness Digital Banking
| Subjects | Mode of Language |
| Verbal Ability / English Language | English |
| Logical Aptitude / Reasoning | English |
| Quantitative / Numerical Ability | English |
| General, Socio-economic & Banking | English |
| Computer Awareness | English |
| Digital 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.
Venues for Personal Interview
The Bank intends to conduct the Personal Interview at the following locations:
- Bangalore
- Chennai
- Ernakulam
- Hyderabad
- Mumbai
- Visakhapatnam
Federal Bank PO Exam Syllabus
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:
| Subject | Syllabus |
| 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 Web Technologies: HTML, CSS, JavaScript, XML Computer Security: Malware, Viruses, Firewalls, Network Security 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. |
Federal Bank PO Exam Results
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.
How to Check Federal Bank PO Exam Result?
- Sign in to the official website by entering your credentials.
- Select the “Careers” option.
- Select the link that says Federal Bank PO Result 2021.
- Next, you must mention your details, including your registration number and name.
- Click on “Submit.”
- The results are then displayed on the main screen.
- Save the results and make hard copies for future use.
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Frequently Asked Questions (FAQs)
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.