What is the Full Form of PO

Probationary Officer (PO) 

A financial institution Probationary Officer (PO) within the bank is the beginning stage appointment for bank officials. Job profile of PO (Probationary Officer) is general Banking, management work and another work assigned with the aid of the bank occasionally. In Public sector Banks, A financial institution PO may be requested to do anything till its probation period. After the confirmation he/she can deliver obligations having recurring work like posting, scrolling or advances or whatever that is associated with banking. He/she commonly assigned to various responsibilities, as directed by using the Sr. manager. they may be educated for accounting, advertising, finance, funding as well as billing.

Preliminary Posting of Probationary Officer (PO)

After selection as a Probationary Officer (PO) in a particular bank a PO has to go through Induction schooling programmes in management education Academies of particular banks which lasts for 10 to 20 days. The duration of education varies from banks to banks.

After of completion of their induction education in control education Academies a PO may be posted everywhere in India, as the provider of presidency bank Officer is All India based service.

They may be published as an Asst. manager on probation in unique branches or Head workplace or company workplace or Zonal places of work or in specialized branches like microstate branches, treasury Branches and so on , as according to placement coverage of particular banks.

Duration of Probation period

Typically the probation duration is of two years wherein the officer is exposed to special varieties of banking related works. In a few banks, the duration may be confined to one year. Probation period in some banks is divided in levels which vary from banks to banks.

Ex- In Indian bank

• Ist phase- 6 months,
• IInd phase-6 months and
• IIIrd phase- 1 yr.

The officials or probationers may also undergo frequent transfers or deputations in the course of the probation duration. As soon as the probation duration is finished the officer is confirmed as an Assistant supervisor and receives his or her permanent posting after Police Verification report from their neighbourhood SSP office or police station.

Few banks are now-a-days putting officers as Deputy Managers also, simply after confirmation, provided they pass the test conducted by the bank.

Responsibilities of a bank P.O.

• Before the of completion of the probation period, that is for 2 years, he/she may be asked to perform any type of financial institution associated pastime; it is able to be the clerk or assistant kind of job. This is done to get them familiar with various procedures of the financial institution.
• For the duration of the probation period they’re educated for having the sensible knowledge in billing, finance, marketing, accounting as well as investment. This is accomplished with the aid of entrusting them with jobs of different categories, by any of the routine works along with scrolling, posting, account training etc.
• After the completion of probation period, he/she is posted in any bank branch as an Assistant bank manager to deal with works on every day purchaser transactions, viz. passing a cheque, draft issuance, coins control etc.
• He/She has to work in the direction of growing the financial institution enterprise viz. managing cash flow, loans and mortgages and budget.
• Another responsibility of PO is to work as public family member’s officer, cope with complaints and deal with various consumer associated problems such as discrepancies in accounts, rectification of undue fees and look into complaints regarding services supplied by using the bank.
• He/she takes care of the mortgage associated files and plays on site visit of the loan taking parties as and while required.
• A bank PO troubles ATM cards, cheque books, call for Drafts and so forth.

Difference among Probationary Officer and expert Officer

1. A financial institution PO may be appointed as officer in numerous dept like treasury, operations, clearing residence and so on while a specialist officer is obligatory placed in that particular dept for which he was selected like IT, agriculture, marketing and so forth.
2. Normally the beginning remuneration supplied to a specialist officer is greater than that of PO.
3. Few bank employees say that the growth occurs greater in case of PO than in specialist officer.
4. POs are recruited in bulk while there are confined seats for specialist officer.