Ibps Training Centre In Chennai

Clerk

A Bank Clerk, also known as teller, is a financial service professional. He / She serves as the primary point of contact for most bank customers, administering basic banking transactions and answering most questions. This role is seen as an entry level position.

Job Responsibilities

A Bank Clerk accepts deposits and cashes checks, paying money to customers after validating the signatures on the check and fund availability.

  1. When handling withdrawals, He / She verifies customer signatures and also examines their photo identification to ensure the validity.
  2. He / She records all transactions made by entering notes into the bank’s computer system, accepts loan payments on behalf of her employer’s lending department.
  3. He / She answers all customer questions and resolves any issues or problems with their accounts, referring the issue to the branch manager if necessary.
  4. He / She promotes and educates customers on the bank’s products and services, such as credit cards, money market accounts and individual retirement accounts (IRAs).
  5. He / She also ensures that the balance of her money drawer is accurate.

There are various other clerical roles you could be involved in as a bank clerk to help keep the bank in order. Just like any other business, banks need help with general tasks, such as data entry, filing, mail handlers, and messengers. As a bank clerk, you could be separated into one of the following:

Interest Clerk:

Recording interest owed to saving accounts customers and interest owed to the bank from loans and other investments.

Loan Clerk:

Recording and organizing loan information.



Statement Clerk:

Preparing the monthly balance sheets of checking account customers.

Exchange Clerk:

Working on international accounts, translating foreign currency into pounds sterling and vice versa.

Security Clerk:

Recording, filing and looking after stocks, bonds and other investment documents.

Book keeping Clerk:

Taking care of records for each customer’s account.

Required studies and skills

Usually, a bank clerk will need not only college, but also a superior education level, which can be any faculty related to the economic field (Economics, Finances, Marketing, Management, Accountability etcetera).

Educational Requirements

To gain employment as a bank clerk, a candidate must possess a degree or equivalent. While not typically required, employers tend to favour those who possess or are working toward a four-year degree, preferably in accounting, finance or a related field of study. He must also show an aptitude for mathematics, as well an understanding of the use of computers and other electronic equipment.

To be a good bank clerk, you must have:

  1. The ability to work neatly and accurately
  2. Good written and verbal communication skills
  3. Good numeracy and calculation skills
  4. Good IT skills and computer literacy
  5. An honest and trustworthy nature
  6. A good attention to detail

Probationary Officer (PO)

A Bank Probationary Officer (PO) in the bank is the starting level appointment for bank officers and the promotional prospects are quite healthy with the work as it defining the limit for the candidate’s success. Since candidates join the bank at a junior level, they are being called Probationary Officer (PO) during the probation period (need to work as an entry-level job inside the bank for two years) and later they will be promoted as an assistant manager.

Job Profile

The bank assistant manager works closely with the bank manager to ensure that all the processes and services a bank offers runs smoothly. He assists in directing and managing the tellers’ and loan officers’ jobs. He makes daily schedules and duties as well as trains the newly hired employees with the using of the machines and the like.
A bank assistant manager is just as responsible as the bank manager for the overall success or failure a bank faces. He is responsible in assisting the bank manager in training all the bank employees to do their job well. They help in budgeting of the banks expenses and help create a fool-proof daily routine that the employees can follow. Bank assistant managers help the bank manager in a lot of his duties and tasks.

Roles and Responsibilities

While on job, here are some of the important responsibilities of probationary officer (or Assistant Manager) in banks.

  • The primary duty is to assist and support thebank managerin operating the bank functions.
  • He or she has to oversee the functions of the bank that if they are running smoothly and manage the trivial things without bothering manager.
  • He or she has the duty to takecareof hiring new employees when needed and arranging their training for their development.
  • He or she also has to takecareof the customers so has to help and solve customer concerns and queries
  • He or she has also to look into the matter of marketing of the policies of the bank.
  • He or she has to prepare thereportsabout the performance of the bank for showing to the manager.
  • He or she will be responsible for all the duties and functions in the absenceof manager.
  • It will be the duty to motivate the employees after evaluating their performance
  • He or she has to take part actively in the meetings regarding sanctioning of loans and other financial decisions of the bank.

Handle Cash

Cash disbursal & collection from cashiers are normally done through the counters manned by clerks.

Payment Clearances

Although a clerk performs most cash transactions, some payments by way of cheque, DD, NEFT/ RTGS beyond a certain amount need to be authorized & cleared only by a person of officer cadre..

Report Verification

With the introduction of core banking solutions, all the work done in a day should be properly closed to avoid any mismatch. While every employee has some day-end work, PO`s would be assigned to generate reports which may include the deposits, withdrawals, ledger balances etc.,

Official Communication

Just like in any MNC or IT company, all employees receive numerous emails which could be related to new rules or schemes or products. A probationary officer may be asked to keep a track of these latest developments to improve their product knowledge as they will be interacting with customers more. The manager could also ask you to send official replies or letters to other departments for want of information or provide them with required info. So PO’s are required to be well versed in all the branch activities because on promotion, they will be elevated to the cadre of ‘Branch Manager’. .

Educational Qualification

The education and qualifications of a bank financial manager are:

  • The basic degree required for the job is a bachelor’s degree in finance, economics and accounting
  • An MBA degree is necessary for quick growth in the banking sector
  • The candidate will get distinct advantage of the past working experience in different levels of the banking sector

Skills and Specifications

The skills and specifications required to be a bank assistant manager are as follows:

  • The candidate should have thorough and deep knowledge in the finance, accounting and economics
  • He or she should be aware of all financial rules and regulations of the government
  • He or she should be able to mange the employees so should have exceptional leadership and motivational skills
  • He or she should be able to resolve the quires and customer concerns in short , should have extraordinary customer service skills
  • He or she should be able to maintain the confidentiality so must be honest regarding the financial dealings of the bank
  • He or she should be a good communicator both verbally and written so should have excellent communication skills with the negotiation skills as well.
  • He or she should have team working skills so will be able to work as a part of a team.

What is the Salary of Bank PO?

While the pay scale for PO (scale I) ranges between Rs. 35,000 – 50,700, the actual salary could be approx. Rs. 50,000 – 60,000 per month (including allowances) depending on your location.

Required studies and skills

Usually, a bank clerk will need not only college, but also a superior education level, which can be any faculty related to the economic field (Economics, Finances, Marketing, Management, Accountability etcetera).

Educational Requirements

To gain employment as a bank clerk, a candidate must possess a degree or equivalent. While not typically required, employers tend to favour those who possess or are working toward a four-year degree, preferably in accounting, finance or a related field of study. He must also show an aptitude for mathematics, as well an understanding of the use of computers and other electronic equipment.

To be a good bank clerk, you must have:

  1. The ability to work neatly and accurately
  2. Good written and verbal communication skills
  3. Good numeracy and calculation skills
  4. Good IT skills and computer literacy
  5. An honest and trustworthy nature
  6. A good attention to detail

REGIONAL RURAL BANKS

Regional Rural Banks are local level banking organizations operating in different States of India. They have been created with a view to serve primarily the rural areas of India with basic banking and financial services. However, RRB’s may have branches set up for urban operations and their area of operation may include urban areas too.
The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State. RRB’s also perform a variety of different functions.

RRB’s perform various functions in following heads

  1. Providing banking facilities to rural and semi-urban areas. Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc.
  2. Providing Para-Banking facilities like locker facilities, debit and credit cards.

List of Regional Rural Banks

  • Allahabad UP Gramin Bank
  • Andhra Pradesh Grameena Vikas Bank
  • Andhra Pragathi Grameena Bank
  • Arunachal Pradesh Rural Bank
  • Assam Gramin Vikash Bank
  • Bangiya Gramin Vikash Bank
  • Baroda Gujarat Gramin Bank
  • Baroda Rajasthan Kshetriya Gramin Bank
  • Baroda UP Gramin Bank
  • Bihar Gramin Bank
  • Central Madhya Pradesh Gramin Bank
  • Chaitanya Godavari Grameena Bank
  • Chhattisgarh Rajya Gramin Bank
  • Dena Gujarat Gramin Bank
  • Ellaquai Dehati Bank
  • Gramin Bank of Aryavart
  • Himachal Pradesh Gramin Bank
  • J & K Grameen Bank
  • Jharkhand Gramin Bank
  • Karnataka Vikas Grameen Bank
  • Kashi Gomti Samyut Gramin Bank
  • Kaveri Grameena Bank
  • Kerala Gramin Bank
  • Langpi Dehangi Rural Bank
  • Madhya Bihar Gramin Bank
  • Madhyanchal Gramin Bank
  • Maharashtra Gramin Bank
  • Malwa Gramin Bank
  • Manipur Rural Bank
  • Meghalaya Rural Bank
  • Mizoram Rural Bank
  • Nagaland Rural Bank
  • Narmada Jhabua Gramin Bank
  • Odisha Gramya Bank
  • Pallavan Grama Bank
  • Pandyan Grama Bank
  • Paschim Banga Gramin Bank
  • Pragathi Krishna Gramin Bank
  • Prathama Bank
  • Puduvai Bharthiar Grama Bank
  • Punjab Gramin Bank
  • Purvanchal Bank
  • Rajasthan Marudhara Gramin Bank
  • Saptagiri Grameena Bank
  • Sarva Haryana Gramin Bank
  • Sarva UP Gramin Bank
  • Saurashtra Gramin Bank
  • Sutlej Gramin Bank
  • Telangana Grameena Bank
  • Tripura Gramin Bank
  • Utkal Grameen Bank
  • Uttar Bihar Gramin Bank
  • Uttarakhand Gramin Bank
  • Uttarbanga Kshetriya Gramin Bank
  • Vananchal Gramin Bank
  • Vidharbha Konkan Gramin Bank

The Organizational Structure for RRB’s varies from branch to branch and depends upon the nature and size of business done by the branch. The Head Office of an RRB normally had three to seven departments.

The following is the decision making hierarchy of officials in a Regional Rural Bank:

  1. Board of Directors
  2. Chairman & Managing Director
  3. General Manager
  4. Chief Manager/Regional Managers
  5. Senior Manager
  6. Manager
  7. Office Assistant (Multipurpose)

RAILWAY RECRUITMENT BOARD (RRB)

Railway Recruitment Board (RRB), Madras (now Chennai) functions under the Ministry of Railways, Government of India. It is primarily responsible for recruiting the working and supervisory staff (Group ‘C’) required for Chennai, Salem and Tiruchirappalli Divisions and Head Quarters office of Southern Railway (SR) and Integral Coach Factory (ICF), Chennai.

Selection Procedure

RRB calls for eligible applicants through “Employment News” (A publication of the Government of India). The employment notification is also published on the Internet web site. The applications are scrutinized for eligibility. The eligible candidates are called for a written examination with call letters being sent a month in advance of the date of the examination. In most of the categories of jobs, there is no interview after the written examination. In some categories, there will be a second stage written examination. In categories related to operational safety, there will be a psychological test. The application-details furnished by successful candidates are verified and they are called for counselling and scrutiny of original documents. A panel of names is then recommended to Southern Railway / Integral Coach Factory to the extent of vacancies. The candidates will be required to pass a medical examination before appointment.

The results of selection will be made available

  • On the Notice Board of RRB
  • Through the Internet website And / or.
  • In “The Employment News”.
  • To the successful candidates through post.

The selection process is based on merit and is subject to the rules and regulations issued by the Ministry of Railways (Railway Board), Government of India which includes reservation of jobs for certain castes/communities such as Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), etc. Ex-servicemen are also entitled for reservation as per the rules. The entire computerized recruitment system functions impersonally without fear or favour. There is no scope for corruption, influence or discretion in this process. Candidates indulging in malpractices and unfair means are dealt with strictly. The overall policy guidelines for all Railway Recruitment Boards in India are laid down by Railway Recruitment Control Board, New Delhi.


RAILWAY RECRUITMENT BOARD (RRB)

The insurance industry of India consists of 53 insurance companies of which 24 are in life insurance business and 29 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. Apart from that, among the non-life insurers there are six public sector insurers. In addition to these, there is sole national re-insurer, namely, General Insurance Corporation of India (GIC Re). Other stakeholders in Indian Insurance market include agents (individual and corporate), brokers, surveyors and third party administrators servicing health insurance claims. Out of 29 non-life insurance companies, five private sector insurers are registered to underwrite policies exclusively in health, personal accident and travel insurance segments. They are Star Health and Allied Insurance Company Ltd, Apollo Munich Health Insurance Company Ltd, Max Bupa Health Insurance Company Ltd, Religare Health Insurance Company Ltd and Cigna TTK Health Insurance Company Ltd.

There are two more specialized insurers belonging to public sector, namely, Export Credit Guarantee Corporation of India for Credit Insurance and Agriculture Insurance Company Ltd for crop insurance. India’s life insurance sector is the biggest in the world with about 360 million policies which are expected to increase at a Compound Annual Growth Rate (CAGR) of 12-15 per cent over the next five years. The insurance industry plans to hike penetration levels to five per cent by 2020. The Indian insurance market is a huge business opportunity waiting to be harnessed. India currently accounts for less than 1.5 per cent of the world’s total insurance premiums and about 2 per cent of the world’s life insurance premiums despite being the second most populous nation. The country is the fifteenth largest insurance market in the world in terms of premium volume, and has the potential to grow exponentially in the coming years.


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