Within the last couple of years, the IBPS has become a standardized qualifying factor for choosing eligible candidates for banking jobs in India. The IBPS score card allows the candidates to apply to various general public and private banking institutions.
Before the existence of IBPS examination file format, all the Indian public and private banks used to conduct their very own examination, followed by an interview. However , the extensive duration of the procedure hampered selection. Some banks used to take more than a year in order to fill few vacancies. This used to affect the productivity from the banks severely.
The IBPS exam improved this as well as successfully reduced the recruitment duration. Now-a-days, the banking institutions can complete their whole recruitment procedure in a matter of 3 to 4 months. This is a huge improvement from the previously extensive period taken by banks to fill up bank job vacancies.
How Does IBPS Work Now?
The IBPS agency performs the written examination twice a year for both paperwork and probationary positions. Anyone who is a graduate with being qualified marks, a citizen of India and above 21 years old can sit for this exam.
Once the exam is clear, the actual institution hands over a scorecard to the qualifying candidates. At this time, about 19 public banks shares affiliation with the IBPS system. This means that the qualifying candidates can directly make an application for the vacant positions showing the scorecard, which is legitimate only for a year. If any candidate cannot get a financial institution job within a year of clearing IBPS, the applicant sits for the examination again.
Anyways, not only the nineteen public banks, but the private banks also look for IBPS pass candidates as a preferred employee. Most of the private Indian native banks these days look for IBPS candidates because it saves their own time as well. They do not have to conduct a written exam unless they want to. What remains is the interview only, and therefore, the IBPS helps to reduce the recruitment duration in the personal banks as well.
Only the State Bank of India (SBI) and Industrial Development Bank of India (IDBI) will be the two banks which conducts its own separate written assessment and interview.
Preparing for IBPS
Now that the swiftness which IBPS is constantly reducing the duration of banking candidate recruiting, let’s see, in brief, how a candidate can get ready for IBPS exams. There are many teaching centers which claim to focus with helping students clear the exam. One can sign up for these institutes, obviously, but self study too types an important part of preparation for not only bank exams, however any other competitive exam.
Reasoning, mathematics and English are definitely the subjects with high difficulty level. Only practice can help to crystal clear this paper. Also, the candidate has to be very good generally knowledge to attempt the same paper.