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Educational Qualification For Starting a Career in Banking

There are diversified needs of each bank and thus people from different background are hired for specific needs.As such banks hire based on their needs by following three methods:
1) Exams by RBI : The Reserve Bank of India conducts an examination on the all India basis for recruitment for three types of entry level positions.

  • Clerical grade
  • Grade A officers
  • Grade B officers

The entry point for clerical staff is in the cash department as examiners of coins and notes. They are promoted to the next grade when they successfully clear the relevant examinations after 5-10 years of service. There is an All India Exam conducted for class I posts. Graduates, Post Graduates, CA's, MBA's in the 21-26 years of age group are eligible. The candidates are tested in logical reasoning, mental ability, numerical aptitude and general English.

2) Central Recruitment Board (SBI) and the Banking Services Recruitment Board (BSRB) recruit Probationary Officers for State Bank of India, and its associate banks, and other nationalized banks respectively, through competitive exam comprising of written test followed by an interview. Graduates in any discipline can take these exams. The upper age limit is 28 for SBI and 26 for other nationalized banks.


3) Private Banks and Foreign Banks advertise their posts in leading newspapers. However in management cadres, positions are largely filled through campus recruitment at management institutions. Freshers are taken as trainees for a period of six months to one year and thereafter confirmed as Assistant Managers.