IBPS Full Form: Exam Details, and Eligibility Criteria Explained

Recent Notification-  The IBPS Clerk Mains will be held on the 30th November 2024.

Overview in 2024

IBPS full form is The Institute of Banking Personnel Selection (IBPS) which is a central recruitment agency owned by the Ministry of Finance, Government of India. It was established with the goal of encouraging the recruitment and placement of young undergraduates, postgraduates, and doctorates at the ranks of Group "A" officers, Group "B" officers, Group "C" employees, and Group "D" employees in nationalized banks and regional rural banks in India. It also offers organizations standardized mechanisms for evaluation and outcome processing.

The Institute of Banking Employees Selection (IBPS) was founded with the intention of creating and executing a transparent method for assessing and choosing individuals for a wide range of client firms. The independent organization conducts tests for clerical cadre and probationary officers in public sector banks and regional rural banks across the country every year. IBPS will hold tests again this year to discover qualified applicants. 

The following table gives quick highlights of the Institute of Banking Personnel Selection's 2024-

IBPS Brief History

With the nationalization of Indian banks in 1969, Indian banks wanted to extend their branch network across the country in order to be more accessible to their clients. This needed additional personnel, yet measures such as advertising were ineffective. As a result, the banks urged the National Institute of Bank Management (NIBM) to create a selection testing method that would allow them to recruit qualified personnel. As a result, a tiny organization known as People Selection Services (PSS) was formed to handle initiatives of this nature. PSS was renamed IBPS a few years later, in 1984.

IBPS is now an autonomous agency that primarily conducts competitive tests for recruitment to clerical and officer positions in the banking sector. Before, candidates had to take numerous tests for each bank's vacancy. IBPS now runs four main recruiting procedures, namely CRP PO/MT, CRP RRBs, CRP Clerical, and CRP Specialist Officers, through which several tests for banking industry employment are held each year.

IBPS Governance 

The Central Bank of India, Ministry of Finance, Government of India, Indian Institute of Technology Mumbai, Indian Institute of Banking and Finance, National Institute of Bank Management, Indian Banks' Association, and government-owned banks are represented on the IBPS board.

IBPS Services 

IBPS provides services to banks in the public and commercial sectors, as well as regional rural banks and overseas banks. Other financial institutions served include cooperative banks, insurance firms, academic institutions, and both private and state-owned businesses. The following are some of the services that are available under the Institute of Banking Personnel Selection- 

Project Consultation

It supports recruiting and promotion tests.

Assessment Centers

These centers assist organizations in determining the knowledge and abilities of applicants for appropriate employment.

Personality Evaluations

They include group exercises and interviews to determine the candidates' superior cognitive abilities.

Senior Management Training Programs

They assist them in improving their observational and interviewing abilities.

Seminars

Seminars are for people who create their own test questions.

Lists of professionals who can effectively conduct interviews or group activities.

List of Exams Conducted by IBPS 2024

The following is some of the exams administered by the Institute of Banking Personnel Selection-

IBPS PO/MT Exam

It is held for the purpose of recruiting probationary officers and management trainees at participating banks, which are national public sector banks.

IBPS SO Exam

It is held to recruit Specialist Officers, who are Scale-I officials in national public sector banks.

IBPS Clerk Exam

It is held for the purpose of recruiting clerks for national public sector banks.

IBPS RRB Officer Scale-I Exam

It is held for the recruitment of Scale-I officers in regional rural banks, which is similar to the position of probationary officers in national public sector banks.

IBPS RRB Office Assistant Exam

It is held for the recruitment of office assistants in regional rural banks, which is similar to the position of clerk in national public sector banks.

IBPS RRB Officer Scale-II and Scale-III Exam

These tests are held to recruit Scale-II and Scale-III Officers in Regional Rural Banks; the post of Officer Scale-II is comparable to that of a specialist officer in national public sector banks, while the post of Officer Scale-III is equivalent to senior management in national public sector banks.

Together with the IBPS Calendar 2024, IBPS will shortly release the essential dates for clerical cadre vacancies to be recruited for FY 2024-25. The Institute of Banking and Personnel Selection will post thorough advertisements for the jobs on its official website. Check out the summary table below for additional information about IBPS Clerk 2024-

IBPS Eligibility Criteria

To be qualified for the IBPS 2024 Test, the applicant must meet the four requirements listed below- 

IBPS Registration Process 2024

1. The registration procedure will be conducted entirely online at their official website, with a single registration for both the IBPS preliminary and main examinations in 2024.
2. Candidates must pay the relevant application costs online, and only applications that include the money will be approved.
3. Candidates must remember their registration number for the remainder of the recruiting process.
4. Applicants must upload the following documents in accordance with the specifications specified in the IBPS 2024 Exam advertisement.

Documents Required for IBPS Exam 2024

1. Photograph of the Applicant- 20kb to 50 kb
2. Scanned Copy of the handwritten declaration as per the format- 50kb to 100kb
3. Signature of the Applicant- 10kb to 20kb
4. Thumb impression of the Applicant- 20kb to 50 kb

Read more about the Upcoming Government Exams in India.

IBPS Recruitment 2024

The Institute of Banking and Personnel Selection has issued an official announcement for different positions on their official website. A total of four job openings for various positions have been announced. Interested applicants can register online for IBPS Recruitment 2024. Although the date to apply and the deadline for online registration is yet not been announced. Candidates may read the below table for more information on IBPS recruitment 2024-

IBPS Full Form: Recruitment Steps

The following are some of the measures to take in order to apply for the IBPS Recruitment 2024-

1. First, go to the official website or click on the above-mentioned link to the online form.
2. On the site, look for "New Registration" and click on it.
3. Complete all of the necessary procedures to generate your registration ID and password, which will be required to fill out the application form.
4. Once created login credentials, use them to log in.
5. After logging in, one will see the application form. 
6. Fill out the form completely. 
7. To avoid future difficulties, try not to make any blunders.
8. After accurately entering all of their information, one will be prompted to submit certain documents. 
9. Upload everything as specified, including their scanned portrait and signature, and then click the "Proceed" button.
10. Run a final preview of the form. 
11. If everything is in order, press the "Submit" button.
12. Once the application has been submitted, one may save and print it for future correspondence.

Read more about How to become a Bank Manager in India.