The South Indian Bank releases vacancies to recruit candidates for various posts every year. It has recently released an official notification on October 4, 2021, to recruit candidates for the post of Probationary Officer. It is a good opportunity for candidates who are interested in banking sector jobs. Interested candidates can apply online on the official website of the South Indian Bank.
The interested candidates must be between 19 to 25 years of age (General). The age relaxation is given to the candidates of the reserved category. The candidates of OBC are given an age relaxation of 3 years and the candidates of the SC/ST category are given an age relaxation of 5 years. The candidates are selected through a three-step process which includes an online written exam, a group discussion, and an interview.
For more details check South Indian Bank PO Recruitment
The selected candidates will have to undergo a probationary period of 1 year. This period is divided into 2 phases. The duties of the candidates during this phase involve the following:-
Internship – After the completion of the above period the candidates will then go for a 4 months internship from any branch of the respective bank. During this period the candidates will receive an amount of Rs.15000/- per month.
After the completion of the probationary period, the candidates will receive the confirmation letter from the bank and then work as its employee. The service agreement period for the employees of the South Indian Bank is 2 years.
The SIB PO employees receive a decent amount of salary. The pay scale of South Indian Bank is approved by the Indian Banks Association(IBA). The employees of SIB receive a decent salary along with some allowances as per the rules of the bank.
The pay scale of the SIB PO employees is Rs.36000-1490/7- 46,430 -1740/2 – 49, 910-1, 990/7 – 63,840. The basic salary of the SIB PO post is Rs. 36,000. The allowances offered to the employees include Dearness allowance, Special allowance, House Rental allowance, and City Competitive allowance. The details of the amount paid as per the allowances are as follows:-
Amount (in Rs)
House Rental Allowance
City Competitive Allowance
The post of PO holds huge responsibilities. They have to perform various activities for their concerned branch. The selected candidates will have to perform the following mentioned duties:-
From the above-mentioned details, the interested candidates can get a clear knowledge of the salary and allowances offered to the employees of South Indian Bank PO.
The basic salary of SIB PO is Rs.36,000/-.
The selected candidates will be paid Rs.3000 per month during the class program period.
The South Indian Bank conducts the exam to recruit candidates for the post of PO.
The SIB selection process includes a written exam, group discussion and an interview.
The candidates applying for the SIB PO exam should be between the age of 19 to 25 years. However certain relaxation is given to the candidates of the reserved category.