Federal Bank PO Exam

Federal Bank PO Exam 2022: Latest News, Eligibility, Salary & Vacancy

Federal Bank PO Exam
Federal Bank PO Exam 2022: Latest News, Eligibility, Salary & Vacancy
August 24, 2021
Share on facebook
Share on twitter
Share on linkedin

Federal Bank is one of the leading private banks in India, with its headquarters located in Aluva, Kochi. It was one of the first banks to computerize its branches all over the country. The Bank will release its PO notification soon for the Probationary Officers recruitment (Federal Bank Officers Scale 1) in different branches of the bank. Such notification will contain all the important information regarding the starting and ending dates, application procedure, eligibility conditions, job profile, salary, wages, benefits, etc. Dedicated Students must examine the Federal Bank PO Notification 2021 to study everything about the job and organize their preparation. Federal Bank offers its customers a variety of services which include 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.

Table of Contents

About Federal Bank

The bank has more than 1,250 branches spread across several states in India. It also has its 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 a large network of settlement partners across the world. 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 in a Great Place to Work Institute study.

Mission

The Federal Bank’s mission is to devote leveled attention to the expectations and interests of stakeholders, particularly:

  1. Customers: Meet and even surpass expectations of a focused group of customers by delivering suitable services and products, hiring as far as feasible, single window and 24-hour-seven-day-week concepts, influencing a strengthened branch framework, ATMs, other alternative distribution modes, cross-selling a range of products and services to meet customer needs which vary over time, and ensuring the most prominent standards of service at all times, guided by their principle of being ‘Digital at the fore, human at the core’.
  2. Shareholders: To achieve consistent growth in shareholder value.
  3. Employee: Develop in every employee a high degree of loyalty and pride in serving the Bank.

Board Of Directors

The Federal Bank currently chairs the following personnel as their board of directors:

  • Grace Elizabeth Koshie – Chairperson of the Board
  • Shyam Srinivasan – Managing Director & CEO
  • Shubhalakshmi Panse – Director
  • A P Hota – Director
  • C Balagopal – Director
  • Siddhartha Sengupta – Director
  • Balakrishnan Krishnamurthy – Director
  • Sudarshan Sen – Director
  • CA Manoj Fadnis – Director
  • Varsha Purandare – Director
  • Shalini Warrier – Executive Director
  • Ashutosh Khajuria – Executive Director

 

Federal Bank PO Exam Notification

Name Federal Bank Officer Scale 1 Exam
Conducting Bank Federal Bank
Designation Federal Bank Officer Scale 1 (PO- Probationary Officer)
Location According to requirement
Application Mode Online
Exam Platform Online
No. of levels Two
Official site federalbank.co.in

Federal Bank looks for eager and skilled prospects who have the right mindset and talent to carry out tasks more effectively.

 

Federal Bank PO Exam Dates

The important dates for Federal Bank PO Recruitment 2022 are given in the table below:

Announcement Date
Opening date to apply for the Federal Bank PO Exam 10 May 2022
Last date to apply for the Federal Bank PO Exam 23 May 2022
Federal Bank PO Online Aptitude Test 5 June 2022
Federal Bank PO Result 14 June 2022

 

Federal Bank PO Exam Application Fee

The fees required for application differ from prospect to prospect, depending on the students’ category. Besides, fees for the PO and the post will be different. The application fees that must be paid to apply for the PO and the post are mentioned as follows:

Category Fee
General and OBC INR 700/-
SC/ST INR 350/-

Federal Bank Clerk Application Fee

Students who were interested and also fulfill the eligibility criteria for either Federal Bank PO Recruitment 2021 or Federal Bank Clerk Recruitment 2021 need to apply online.

Category Fee
General and OBC INR 500/-
SC/ST INR 250/-

 

Federal Bank PO Exam Eligibility Criteria

Educational Qualifications

To apply for the Federal Bank PO, the Students must have a post-graduate degree in any stream, but it must be from a well-known college while the aspirants applying for the post must have either a graduate or a post-graduate degree in any stream. Students must have at least 60% marks scored from class 10th onward. Also, no candidate must have a score less than 60% in graduation or PG.

Officers

  • Prospects registering for the Officer rank must have completed their PG with at least 60% marks in any stream. Students must also confirm that the university or college from where they have obtained a PG degree is an acknowledged university established by Parliament Act.
  • Prospects who have completed their schooling in the usual manner are eligible to apply.
  • Students who have the most prominent qualification as graduation must have completed their studies during the prescribed years.
  • Prospects having a graduation or postgraduation degree are allowed to apply. Scoring at least 60% marks in any stream is required.
  • Furthermore, they must have completed their studies in a regular mode of study.
  • Students must have a good academic record and scored at least 60% marks in class 10th till the completion of their schooling.
  • Students who have finished their schooling in a regular mode are eligible to apply.

Nationality

  • Prospects must be a citizen of India
  • Aspirants who reside in states like Karnataka, Gujarat, Haryana, Maharashtra, New Delhi, Punjab, Kerala, Tamil Nadu, or West Bengal, are eligible to register for the officer’s post at the Federal Bank.
  • The students’ domicile location must be Gujarat, Karnataka, Haryana, Maharashtra, New Delhi, Punjab, Tamil Nadu, West Bengal, or Kerala if they wish to be selected.

Age Limit

Students who want to apply for the post of Clerk or PO require to meet the age limit. The peak and bottom for the individuals applying for the PO and the exam will vary.

Prospects older than 26 years are disallowed from registering for the Federal Bank PO Exam, while those who wish to appear for the exam must be younger than 24 years as mentioned on the date in the official notification. Students who fail to meet the criteria for the age limit will not be permitted to write the exam.

Vacancies- (Yet to be announced for all locations for Federal Bank PO 2021)

 

Federal Bank PO Salary

Officers

Presently, Federal Bank Officers Scale 1 (PO) obtain basic initial wages of INR 23,700.

This means the Probationary Officers will be given a yearly raise of INR 980 for 7 years, after which the basic pay will be INR 30,560.

Succeeding this increment, there will be further annual raise of INR 1,145 for the next two years, leading the basic pay to be INR 32,850.

Finally, there will be another annual raise of INR 1,310 for the next 7 years after which the basic pay will be INR 42,020.

Other allowances which 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 varies usually from 7 to 9 percent of the Basic Pay.
City Compensatory Allowance (CCA) This component too depends upon the location of posting and is 0, 3, or 4 percent of the Basic Pay.
Medical and Other Allowances According to the rules.

Adding all the allowances and basic pay amounts, the minimum annual Federal Bank PO Salary – Cost to Company (CTC) for Federal Bank PO is INR 7.50 lakhs and the maximum annual CTC is INR 9.40 lakhs.

Clerk

  • INR 13,075/- on the scale of INR 11765- 655 for 3 years, 13,730- 815 for the next 3 years, 16,175- 980 for 4 years after that, 20,095- 1145 for 7 years after that, 28,110- next increment of 2120 for 1 year, 30,230- 1310 for 1 year as a raise lastly, leading to a total of INR 31540.
  • Students can also avail of DA, HRA/ Additional HRA, Medical, and other allowances & perquisites as per rules in force from time to time.
  • Whereas, depending on the post and other factors, CTC will be between INR 3.99 lakhs p.a. and INR 4.41 lakhs p.a.

Job Profile

For applying to any post, Students should understand what tasks they may undertake after getting selected. Job profile for Clerk and Officer is as follows:

  1. PO (Probationary Officer): The chose Students will be required to effectuate a service agreement upon joining the bank for a minimum of 2 years or pay the bank a sum of INR 50,000/- as a penalty if the candidate leaves the Bank before the period of their service is completed.
  2. Clerk: Students which are selected, will be required to effectuate a service agreement when they join the Bank, for a minimum of 2 years or pay the bank a sum of INR 30,000/- in case the candidate leaves the bank before the completion of their period of service.

Probation Period

  1. Clerk- 6 months
  2. Probationary Officer- 2 years.

 

Federal Bank PO Exam Syllabus

Before students begin their preparation to score well in the Federal Bank PO, they must obtain a crystal clear understanding of the syllabus and its subjects.

The following subjects are included in the syllabus of the Federal Bank PO:

Subject Syllabus
Verbal Ability/ English Spotting errors, Homonyms, One-word substitution, Reconstruction of sentences, Comprehension, A deriving conclusion from the passage, Passage completion, Idioms, and Phrases, Choosing the correct/incorrect sentence, Rearrangement of a sentence in a paragraph, Vocabulary test, Double Synonyms, Theme detection, etc.

 

Reasoning/ Logical Aptitude Grouping Identical Figures, Non-verbal Series, Number Series, Decision Making, Arithmetical Reasoning, Mirror Images, Test of Direction Sense, Venn diagram, Problems on Age Calculation, Figure Matrix Questions,

 

Quantitative/ Numerical Ability Simple and Compound Interest, Percentage, LCM, HCF, Unitary Method, Ratio and Proportions, Time and Work, Simplification, Time and Distance, Average, Number System, Decimal Fractions, Algebra, Mensuration (2D and 3D), Profit and Loss
General, Socio-economic and banking awareness History, Geography, Current Affairs- National and International, Countries and Capitals,

Budget and Five Year Plans, India and its neighboring countries, Science – Inventions & Discoveries, Sports, General Politics, etc.

 

Computer Awareness MS Office, PC Software, and Office Automation, Boolean Algebra, Database Management System, Internet Usage, Introduction to Computer Science, Computer Networks, Emerging Technologies, and Web Publishing, Workplace Productivity Tools, Data Structures

 

Digital Banking Business Strategy, Marketing Concept, Price determination concept and role in marketing, New Product Development, Consumer Behaviour

 

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 list of the shortlisted Students.

The post 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 Questions Marks Duration
Verbal Ability / English Language 30 30 1 hour 30 mins
Logical Aptitude / Reasoning 30 30
Quantitative / Numerical Ability 30 30
General, Socio-economic & Banking Awareness 25 25
Computer Awareness 20 20
Digital Banking 15 15
Total 150 150

Federal Bank PO Exam Pattern: Clerk

Section Questions Marks Duration
Verbal Ability / English Language 20 20 60 Minutes/ 1 hour
Logical Aptitude / Reasoning 20 20
Quantitative / Numerical Ability 20 20
General, Socio-economic & Banking 10 10
Computer Awareness 10 10
Digital Banking 10 10
Total 90 90

 

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 as well as the 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.

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 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 so that they do not miss out on any notifications related to the exam’s results. The Federal Bank PO recruitment notification for the year 2021 is not released by the bank yet. 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 Apply?

All the students are required to visit the bank’s official website and follow the procedure mentioned below to successfully submit the application form.

  • Visit the home page and click on the ‘Current Openings’ option.
  • Next, tap on the ‘Recruitment Process’ link to start applying.
  • Make sure that you meet the eligibility criteria to appear for the exam. Refer to the instructions posted on the website to check this.
  • Fill up all the details and start uploading all the necessary documents for the application.
  • Preview the application form carefully so that there are no errors in it. You are allowed to make changes before submitting the application form. Once the application fees have been paid, no further changes will be permitted.
  • At the time of paying the application fees, choose the most preferred online payment method and pay the application fee based on your category.
  • After that tap on the ‘Submit’ button and your application process is completed.

Do’s and Don’ts while filling the application form

  • Check Eligibility before you apply for the posts.
  • Fill your application form by yourself, if possible.
  • The mobile number used will not change in recent days and must be permanent.
  • Active email-ID must be registered in the application form.
  • All the documents must be prepared before applying.
  • Before finally submitting the application form, check it once again.
  • Preferably a laptop or desktop should be used for application form submission.

 

Check Out Other Police Exams :

IBPS PO Exam Dates, Fees, Eligibility & Notification

SBI PO Exam Dates, Fees, Eligibility & Notification

South Indian Bank PO Exam Dates, Fees, Eligibility & Notification

RBI Grade B Exam Dates, Fees, Eligibility & Notification

 

Frequently Asked Questions (FAQs)

Q.1 Where can I apply for the Federal Bank Officer role?

A. Appear for the Federal Bank PO Examination to seek out the job position of an officer if the minimum eligibility criteria are fulfilled.

Q.2 How many vacancies have been released?

A. The number of vacancies is yet to be announced.

Q.3 Are students born in 1998, eligible for the Federal Bank PO?

A. Students older than 26 years will not be allowed to apply for the Federal Bank PO exam while those who want to give the exam must not be older than 24 years as on the date mentioned in the official notification.

Q.4 Can a final year graduation student apply for the Federal Bank PO exam?

A. Yes, final-year students waiting for their University/College to publish their results can apply for the Federal Bank exams.

Q. 5 Are there preliminary exams as well as main exams in the Federal Bank PO exam?

A. No, the Federal Bank PO exam has only one written test – the Online Aptitude Test.

Q.6 What is the Probation period for the post of Federal Bank Probationary Officer?

A. For the Federal Bank Probationary Officer post, the probation period is of 2 years.

Q.7 When will Federal Bank PO Results be out?

A. At present, online registration has not started. Students must check the official website regularly to know about the latest notifications.

Q. 8 Can students apply for both Federal banks and PO?

A. Yes, in case of Students meeting the minimum eligibility criteria, they can give both exams. But for the same, they need to fill a separate application form and PayPal separate application fees as well.

Q.9 Is it easy to crack the Federal Bank PO?

A. It is easy to get a good score in the exam for dedicated prospects. Hence, they need to focus on finishing up the Federal Bank PO syllabus and take Federal Bank PO mock tests. Subsequently, this improves their test-taking skills and identifies their weaknesses.

Q. 10 Can Students apply for Group Discussion and Personal Interview without clearing the Online Aptitude Test?

A. No, to give the GD and PI, Students are supposed to clear the Online Aptitude Test.

Continue reading