IBPS Exam Facts
The banking industry in India is one of the most sought-after sectors for job seekers. Earlier, it was considered a monotonous job. But, nowadays, a job in this sector is more than just counting money.
Bank jobs these days are highly rewarding and promising. But, getting employment in this sector is not that easy. This is where a candidate should know about the IBPS Exam.
What actually is IBPS?
IBPS is the short form for the Institute of Banking Personnel Selection. This is an autonomous body. This body envisions evolving and implementing world-class systems and processes.
The body is also responsible for evaluating and selecting the right candidates. Yes, the body is responsible for the selection of the right personnel for different client organizations. Here are certain facts to know about IBPS and the exams conducted by this body:
History of IBPS:
The history of this body goes back to 1975. She was established as Personnel Selection Services or PSS. She was established as a unit of the National Institute of Bank Management or NIBM. Then, in the year 1984, she turned out to be an independent body. Then, her name was changed as IBPS.
IBPS conducts exams for selection of banking personnel. Nearly 19 public sector banks participate in the IBPS Clerk Exam for selection of the right clerks.
What is the exam conducted by IBPS called as?
The examination conducted by IBPS for the selection of candidates to banks is called as CWE. This means Common Written Test. This test is conducted by IBPS on behalf of 19 nationalized banks in India. On the basis of the score of candidates in CWE, they will be shortlisted for different positions. The positions include clerk, Probationary Officer, Management Trainee and Specialist Officer.
Based on the CWE Scores, the banks will call candidates for personal interview or group discussion or both. Only on the basis of the scores of written test, interview and group discussion, the final selection of candidates is made.
But, the most popular bank in India SBI, does not participate in IBPS exam. The bank conducts its own examination for PO and Clerk positions.
Not just for nationalized banks in India, but IBPS RRB Exam is also conducted by the body. This test is conducted for the selection of the right candidates for Regional Rural Banks for different positions.
IBPS applies a method called a cut-off method. This is done by the body for determining the final score of test takers. The final score is referred to as TWSS. The expansion of TWSS is Total Weighted Standardized Scores.
What are the different exams conducted by IBPS for bank recruitment?
- Common Written Test for MT/PO positions in banks
- Common Written Test for Clerical positions in banks
- Specialist Officer recruitment test for Special Officer positions in banks
- RRB Exam for the selection of office assistants and officer positions in Regional Rural Banks in India.
What to know about IBPS PO Exam?
Candidates interested in Bank Probationary Officer position will have to take this test. Candidates between the age group of 21 and 28 are eligible to apply for the test. Applicants must be graduates in any discipline with at least 60% marks
The application forms for this test is generally available in the month of May or June every year. The test is generally conducted in October or November every year. Candidates must ensure that they should have at least two-month time to prepare for this test.
How about IBPS Clerk Exam?
For the clerical cadre positions in 19 banks taking part in IBPS exam, the body conducts IBPS Clerk Exam. This test is conducted in two stages. They are the preliminary and main examination. Candidates with graduation in any discipline are eligible to apply for this test. Through this test, clerical cadre vacancies in banks across India will be filled.
Candidates can look for the past questions papers to get an idea about the type of questions asked in these tests by IBPS.