Full Form of IBPS

IBPS Full form 

The full form of IBPS is Institute of Banking Personnel Selection

IBPS Full Form

IBPS is an autonomous body that has been working for years to develop and implement a world-class assessment and selection process for various organizations. IBPS stands for Institute of Banking Personnel Selection. When it comes to IBPS PO full form, it stands for Bank Personnel Selection Probation Officers. The main objective of IBPS is to promote speed, accuracy, and confidentiality in all activities and achieve the same through academic knowledge.

History of IBPS

After the banks in India were nationalized in 1969, Indian banks had to expand their branches across the country to have a wider reach to their candidates. This event required more staff, but at the time recruitment was only through advertisements. This method was not the best and had many problems.

So, banks have requested the National Institute of Bank Management (NIBM) to create a selection process through which they can hire capable candidates. As a result, a small unit called Personnel Selection Services (PSS) was established to meet these needs. After a few years in 1984, PSS was converted into IBPSibps full form

Overview if IBPS

Abbreviation Full-Form
IBPS PO Full Form Institute of Banking Personnel

Selection Probationary Officer
IBPS CWE Full Form Institute of Banking Personnel

Selection Probationary Officer
IBPS CRP Full Form Institute of Banking Personnel

Selection Common Recruitment Process
IBPS SO Full Form Institute of Banking Personnel

Selection Specialist Officer
IBPS RRB Full Form Institute of Banking Personnel

Selection Regional Rural Banks

Check out the list of participating banks

Sr. No. Bank
1 Allahabad Bank
2 Andhra Bank
3 Bank of Baroda
4 Bank of India
5 Bank of Maharashtra
6 Canara Bank
7 Central Bank of India
8 Corporation Bank
9 Indian Overseas Bank
10 Indian Bank
11 Oriental Bank of Commerce
12 Punjab National Bank
13 Punjab & Sind Bank
14 Syndicate Bank
15 UCO Bank
16 Union Bank of India

Exams Conducted By IBPS

Although IBPS provides its services to many banks and institutions, it mostly issues notifications for the following exams per year. It publishes a preliminary calendar indicating the dates of the preliminary and main exams. Although IBPS reserves the right to make changes in any official calendar, exam date and notification etc. with mutual consent of participating banks.

List of Exams Conducted by IBPS per Year:

  • IBPS PO/MT Exam for the recruitment of Probationary Officers and Management Trainees in Participating Banks which are National Public Sector Banks.
  • IBPS SO Exam for the recruitment of Specialist Officers which are Scale-I officers in National Public Sector Banks.
  • IBPS Clerk Exam for Recruitment of Specialist Officers which are Scale-I Officers in National Public Sector Banks.
  • IBPS RRB Officer Scale-I Exam for Recruitment of Probationary Officers in Regional Rural Banks, this post is equivalent to other Bank PO.
  • IBPS RRB Office Assistant Exam for the recruitment of Office Assistant in Regional Rural Banks, this post is equivalent to Clerk post in National Public Sector Banks.
  • IBPS RRB Officer Scale-II and Scale-III Exam for Recruitment of Scale-II and Scale-III Officers in Regional Rural Banks, here Scale-II and Scale-III are equivalent to Specialist Officers and Senior Managers.

IBPS Post Wise Salary

Banks participating in the recruitment process for selecting prominent employees at various levels offer attractive salary packages with additional allowances and other benefits. They also offer timely increments. Check salary details for PO, SO and Clerk positions.

Probationary Officer Specialist Officer Clerk
23700 - (980 x 7) - 30560 - (1145 x 2)

- 32850 - (1310 x 7) – 42020

Here, Rs. 23, 700 is the revised basic pay of

Bank PO as applicable on 1st January 2016.

Thus the new entrant in a Bank as

PO is liable to get Rs. 23,700 as basic pay.

 23700-980(7)-30560-1145

(2)-32850-1310(7)-42020.

 The basic pay of an IBPS Clerk is Rs. 11765/- \

per month, on the scale of Rs. 11765-655/3

-13730-815/3-16175-980/4-20095-1145/7-28110

-2120/1-30230-1310/1-31540.

Related Links

Frequently Asked Questions on Full Form of IBPS