What is IBPS Bank Exam?

What is IBPS Bank Exam?

The Institute of Banking Personnel Selection conducts Common Written Exam (CWE) yearly. The recruitment in private, public, co-operative and rural banks in India is done with the help of this two-tier examination system followed by a rigorous interview procedure. Roughly, every year nearly 1.5 crore of students appear for this coveted exam. The IBPS Bank Exam is considered as one of the toughest exams to assess the knowledge of aspirants in aptitude at entry level banking jobs in India.
The IBPS issues a valid score card on the basis of CWE procedure, the candidates are called for final interview and then recruited to top banks on the basis of merit. The post for which CWE is conducted includes Clerks, Probationary Officers, Management Trainees and Specialist Officers. The exam is conducted yearly on a tentative schedule where a candidate has to appear for preliminary as well as mains examinations.The banking sector is one of the industries that see exponential growth with the boom of market; thereby there are yearly lots of vacancies released by IBPS. A person who is willing to attempt IBPS exam is expected to have general knowledge regarding banking industry, finance sector, and a grasp on aptitude. The objective of having the CWE is to impart a common platform to the candidates coming from different backgrounds and join banking sector. The candidates are supposed to have basic Computer Knowledge and English Comprehension skills. Since the transactions in a bank are not limited to a geographic area, aspirants should know the skills to analyze reason, comprehend, and understand what a customer demands.
CWE has set a standard for graduates, post graduates and people who are willing to join the banking sector, which in turn reveals that it’s through sheer hard work and continuous evaluation of one-self; one has to clear the written test. The CWE is divided into five distinct sections, namely Quantitative Aptitude, Reasoning, English Language, Computer Skill, and General Awareness. The team of IBPSpreparation.com is set to help an aspirant in every way as possible. We have dedicated sections for each of the major areas covering details that are important for clearing CWE. Through the website, we are here to help the aspirants achieve their goal and join a reputed banking organization.
The website covers expert IBPS Exams subject materials in
Being the ‘IBPS Recruitment Guide, we offer a number of study materials, helping tutorials, important stuffs to crack the exam in regular fashion. The site offers insight to topics with deep knowledge, examination details and a reader friendly approach to tackle the IBPS preparation. The website has an additional blog that covers the commonly faced fears, do’s and don’ts, tips for preparations, hacks and skills needed to ace the exam. There are online mock test series to assist the candidate with the type of questions asked, to plan strategy for exams and to get in touch with the exam pattern. The IBPS Preparation team presents Current Affairs with reference to the banking industry to groom students in this area. As the general awareness is a distinct part of CWE paper, keeping a regular eye on the day to day news is appreciated. All the information is to assist aspirants to get through the exams easily.

About IBPS Bank Exam

The Institute of Banking Personnel Selection (IBPS) is an independent organization that recruits candidates for public and private sector banks of India. IBPS conducts yearly Common Written Exam (CWE) throughout the nation to find the talent for banking sector. It is worthwhile to note that the recruitment process offered by IBPS is accepted in not only private and public sector bank but also in regional rural banks, co-operative banks, and other reputed undertakings.

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Earlier IBPS was an integral part of Reserve Bank of India(RBI) and Public Sector banks, but in 1984, it became an autonomous agency. Since then, IBPS proudly holds the reputation of conducting examinations all over the nation for banking sector. The best of candidates are selected by a rigorous process of IBPS online examination in two steps. From the year 2015 onwards, CWE has been conducting first a preliminary exam, then a mains exam and the Interview process remains same. A candidate has to successfully clear both the exams to appear for an interview.

IBPS conducts 4 exams under it, which are:

  1. IBPS Probationary Officer (IBPS PO)
    Selection Procedure are classified in 3 phases, Phase 1 preliminary Objective Test, Phase 2 mains Objective Test and Phase 3 interview. Preliminary exam conducts in October and mains exam conducts in October month or in November and interview conducts in January. For Appearing in IBPS PO, Candidate must have pass the graduation in any discipline, There is no percentage criteria for IBPS PO Exam.The minimum age must be 20 while the maximum is 30 years. There are also some age relaxation based on the applicant’s category. Read complete Exam Details for IBPS PO Exam | Read complete Syllabus for IBPS PO Exam.
  2. IBPS Specialist Officer (IBPS SO)
    There are multiple positions under IBPS Specialist officers, some of them are IT Officers (Scale I), Agricultural Field Officers (Scale I), Rajbhasha Adhikari (Scale I), Law Officers (Scale I), HR / Personnel Officers (Scale I), and Marketing Officers (Scale I). Registration for the posts starts in November, while the exam is conducted in subsequent January and final result is declared in April. The exam is of 200 marks consisting of 200 questions and it has 50 questions of professional knowledge 80marks. Read complete Exam Details for IBPS SO Exam | Read complete Syllabus for IBPS SO Exam.
  3. IBPS Clerk
    The IBPS Clerk Pattern 2016 consists of 2 online exams, they are, the Prelims exam and the Mains exam. The IBPS Prelims exam has 3 sections i.e., English Language, Numerical Ability and Reasoning Ability. The exam has a total of 100 questions and each question carries 1 mark. The IBPS Mains Exam has 5 sections. The two new sections of the Mains exam are General Awareness and Computer Knowledge. The Mains exam consists of 200 questions, each section containing 40 questions. Each section is allotted a separate timeframe within which the questions need to be answered. Both these exams have negative marking. For every wrong answer, the candidate will lose 0.25 marks. Read complete Exam Details for IBPS Clerk Exam | Read complete Syllabus for IBPS Clerk Exam.
  4. IBPS RRB (Reginal Rural Banks)
    There are multiple positions to be filled through IBPS RRB Exam such as Officer Scale-I, Scale-II & Scale-III.There are also specialist officer positions like I.T. Officer,Chartered Accountant, Law Officer,Agriculture Officer, Marketing Officer.In clerical cadre, Office Assistant positions are also being recruited.The date of examination for this recruitment will be announced on their official website.Last year, the RRB IV common examination was conducted. Read complete Exam Details for IBPS RRB Exam | Read complete Syllabus for IBPS RRB Exam

The score card issued by IBPS is a validation that can be used for recruitment in following organizations,

  • Public Sector Banks: All the major banks which are functional in metro as well as two/ three tier cities select candidates based on CWE results.
  • Private Sector Banks: The leading banks of industry intakes new workforce with the help of IBPS. It is important to note that every nationalized bank is moving to accept the IBPS CWE as a mandatory standard.
  • Cooperative Banks: All the small and big-scale co-operative banks are recruiting candidates who qualify the IBPS exam.
  • Regional Rural Banks: The banks at rural areas have also accepted the standards to incorporate CWE standard for new recruits.
  • Central Financial Institutions: Many of the internal agencies enlisted in printing, securities and exchange board, Credit corporations and Insurance corporations too involve recruitment through IBPS.
  • Insurance Sector: The leading insurance companies operating in Indian sub-continent acting as a prestigious industry accept candidates through the CWE.
  • Government Departments: The departments that include treasury, statistics, provident funds, housing and area development, bank management, housing finances etc. also recruit candidates through IBPS.
  • Educational Institutes: Many of the central as well as state universities related to banking industry, management studies, co-operative management studies etc. also intake candidates through IBPS.
READ  IBPS Preliminary Exams

IBPS EXAMINATION

The CWE is held online every year, dividing marks and questions in distinct format. The recent update states that traversing from one section to another won’t be difficult. Earlier only sequential attempts were permitted, but now candidates can attempt questions from sections in non-sequential order too.

ELIGIBILITY FOR IBPS Bank Exam

The aspirants need to have a valid graduate degree for appearing in IBPS CWE. IBPS focuses on compulsory education level. There is a minimum (20) and maximum (30) age specified for aspirants. Relaxation for SC/ST/ Others also exist. There is relaxation approved by some banks that don’t adhere to strict age limits.

Check complete details of Banking Exams: Tentative Dates, Eligibility Criteria and Salary

  • Education: Mandatory degree from a recognized university or equivalent qualification. For specialist officers and management trainee, special requirement has to be met.
  • For RRB’s: Proficiency in at least one local language is mandatory depending of the state of exam.

IBPS Bank Exam Pattern

Each correct answer is weights for one mark and each wrong answer will 1/4 negative marking. The basic idea for question pattern is discussed as below:

Have a look at the New Syllabus for IBPS Bank Exam for 2017-18:

Preliminary Exam Format (1 hour)

Topic

Marks

Quantitative Aptitude

35

Reasoning

35

English Language

30

 

Total 100

Check complete details of IBPS Preliminary Exam

 

Mains Exam Format (2 hour)

Topic

Marks

Quantitative Aptitude

50

Reasoning

50

A) English Language

B) Hindi Language

40

40

General Awareness

40

Computer Knowledge

20

Total 200

Check complete details of IBPS Mains Exam

The interview will be conducted after successful completion of the two exams. Call letter will be issued accordingly.

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Applying for IBPS Bank Exam:

Aspirants can log in to the official website of IBPS (www.ibps.in) and apply accordingly.


By going through the materials provided here, and practising it to full extent, one can easily ace the IBPS Bank Exam and pass with flying colors. Regular studies and exercises curated by expert team are highly recommended.


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IBPS Preparation Team
IBPS Preparation Team
At IBPS Preparation,We provide pathway for any candidate who wishes to shine in the recruitment process of IBPS.

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