IBPS Full Form - Check IBPS PO Full Form

By Jyoti Bisht|Updated : February 20th, 2023

IBPS Full Form is Institute of Banking Personnel Selection. IBPS is an autonomous body working for years to evolve and implement a world-class process of assessment and selection for various organizations. IBPS stands for Institute of Banking Personnel Selection. As for IBPS PO full form, it stands for Institute of Banking Personnel Selection Probationary Officers.

The main aim of the Institute of Banking Personnel Selection (IBPS full form) is to promote speed, accuracy, and confidentiality in all activities and achieve the same through academic expertise. Here, we have discussed IBPS Full form, along with RRB, SO, CWE, CRP & IBPS PO full form, IBPS vision, growth in IBPS, exams conducted by IBPS, etc.

Table of Content

IBPS Full Form

IBPS is responsible for conducting different stages of the selection process of prominent staff across the nation by maintaining transparency, conducting online examinations, and screening candidates' responses in a timely. IBPS provides its services to all organizations like NABARD, SBI, RBI, SIDBI, Associate banks, etc.

IBPS Full Forms

IBPS registered itself under the Societies Registration Act and Bombay Public Trust, in 1860 and 1950. Here are some abbreviations and their IBPS full forms that are used for various exams.

AbbreviationIBPS Full Form
IBPS PO Full FormInstitute of Banking Personnel Selection Probationary Officer
IBPS CWE Full FormInstitute of Banking Personnel Selection Common Written exams
IBPS CRP Full FormInstitute of Banking Personnel Selection Common Recruitment Process
IBPS SO Full FormInstitute of Banking Personnel Selection Specialist Officer
IBPS RRB Full FormInstitute of Banking Personnel Selection Regional Rural Banks

IBPS Full Form - History

The IBPS full form is Institute of Banking Personnel Selection. After the banks in India got nationalized in 1969, Indian banks were required to expand their branches across the country so that they have a wider reach to their customers. This action required more staff but at that time the process of recruitment was only through advertisements. This method was not the best and had many challenges.

So, the banks asked the National Institute of Bank Management (NIBM) to frame such a selection process through which they might hire proficient candidates. As a result, a small unit named Personnel Selection Services (PSS) was established to cater to such needs. After a few years in 1984, PSS was converted into IBPS

IBPS Full Form - Vision

IBPS organization was set up with a vision to provide fair services to its client organization to help them in selecting personnel for the fair. IBPS is now the most transparent body responsible for conducting various exams across the country to recruit various staff for different public sector banks and other organizations. IBPS is known to conduct exams and release notification, results, admit cards, etc. on time.

IBPS Vision

Banks Under IBPS

Check the name of the banks that participate in the IBPS recruitment process for the recruitment of Probationary officers, specialist officers, and clerks across the different states.

  • Allahabad Bank
  • Andhra Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Indian Overseas Bank
  • Indian Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Punjab & Sind Bank
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India

Note: IBPS is conducting various exams since 2012. Before that each bank used to release notifications separately and candidates had to apply according to their preferred bank and posting area.

Exams Conducted by IBPS in a year

Although IBPS provides its services to many banks and institutions it majorly releases notifications for the following exams in a year. It publishes a tentative calendar stating the date of the preliminary and mains exam. Although IBPS reserves the right to make changes in any official calendar, exam date, and notification, etc. With the mutual consent of the participating banks.

List of exams conducted by IBPS in a year:

  • IBPS PO/MT exam for the recruitment of Probationary Officers and Management Trainees in the participating banks, which are national public sector banks.
  • IBPS SO exam for the recruitment of Specialist Officers, which are Scale-I officers in the national public sector banks.
  • IBPS Clerk exam for the recruitment of Specialist Officers, which are Scale-I officers in the national public sector banks.
  • IBPS RRB Officer Scale-I exam for the recruitment of probationary Officers in Regional Rural Banks, this post is equivalent to another bank PO.
  • IBPS RRB Office Assistant exam for the recruitment of Office Assistant in Regional Rural Banks, this post is equivalent to a Clerk post in National Public Sector Banks.
  • IBPS RRB Officer Scale-II and Scale-III exam for the recruitment of Scale-II and Scale-III Officers in Regional Rural Banks, here Scale-II and Scale-III are equivalent to the specialist officer and senior managers.

IBPS Full Form Salary

Banks that participate in the recruitment process for the selection of prominent staff at various levels offer attractive salary packages with additional allowances and other benefits. They also offer timely increments. Check the salary details for PO, SO, and Clerk posts.

Probationary OfficerSpecialist OfficerClerk

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.

IBPS Full Form Growth

Growth in the Banking sector is based on two processes-

  • JAIIB/ CAIIB
  • Merit Process

Candidates can either clear the departmental exams or JAIIB exams to take the promotion and increment in salary or they can take the promotion based on the merit list. Here are the growth stages for a probationary officer. Once you become a probationary officer, you have the chance to become a general manager in the bank based on your experience and skills.

  • Scale 1 – Officer / Assistant Manager
  • Scale 2 – Manager
  • Scale 3 – Senior Manager
  • Scale 4 – Chief Manager
  • Scale 5 – Asst. General Manager
  • Scale 6 – Deputy General Manager
  • Scale 7 – General Manager.

IBPS Full Form Eligibility

There are certain really basic requirements because the exam is given at a national level at the time. A four-year college degree is expected of the applicant, as well as proficiency with PC and online tests. To prove the legitimacy of the equivalent, they should have a certificate. A post-graduate degree, a diploma program, or involvement in a council is required for those who want to apply for specific posts. Law, management, accounting, IT, and other fields are included in these specialties.

IBPS PO Full Form

The IBPS PO full form is Institute of Banking Personnel Selection Probationary Officers. The IBPS is an organization that handles recruitment. IBPS PO recruitment examinations are taken by 11 different banks in total. Several banks benefit from IBPS' assistance in making fair applicant selections for the position of probationary officers (Assistant Managers). The IBPS PO prelims, which are a qualifying stage, are the first step. The IBPS PO main stage is open to candidates who made the preliminaries. The interview round is the last phase. The final allotment list is created based on the results of the main exam and the interview.

Related Articles to Study:
OBC Full FormCIBIL Full Form
LIC Full FormIDBI Full Form
HSBC Full FormNPCI Full Form
RBI Full FormIOB Full Form
CRR Full FormIDFC Full Form

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FAQs on IBPS Full Form

  • The IBPS full form is Institute for Banking Personnel Selection. IBPS issues recruitment notices each year to fill positions for professional officers, clerical cadre, and probationary officers.

  • The IBPS PO full form is Institute of Banking Personnel Selection Probationary Officers. In public sector banks that hire candidates based on the IBPS PO, those who pass the entrance test for the IBPS PO will be given the opportunity to work at the managerial level.

  • The IBPS exam is administered by the Institute of Banking Personnel Selection, a research-based organization that offers opportunities for human plus responsibility tours to India's financial phase. The RBI, the Finance Ministry of India, and NIBM are responsible for overseeing and administering the IBPS.

  • Candidates must practice the question papers from the previous year. Applicants must be familiar with the whole exam curriculum in order to thoroughly review each topic before the exam. Applicants should take as many mock exams as they can.

PO, Clerk, SO, Insurance

BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIIDBI SOIBPS RRBLIC

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