What is IBPS?
Institute of Banking Personnel Selection (IBPS) is an autonomous agency in India, which started its operation in 1975 as Personnel Selection Services.
In 1984, IBPS became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks. IBPS is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment.
IBPS CWE (Common written exam) is now mandatory for anyone who seeks an employment in 20 public sector and Regional Rural banks given below:
Participating Organisations:
Allahabad Bank
Canara Bank
Indian Bank
Syndicate Bank
Andhra Bank
Central Bank of India
Indian Overseas Bank
UCO Bank
Bank of Baroda
Corporation Bank
Oriental Bank of Commerce
Union Bank of India
Bank of India
Dena Bank
Punjab National Bank
United Bank of India
Bank of Maharashtra
ECGC
Punjab & Sind Bank
Vijaya Bank
Bharatiya Mahila Bank
IDBI Bank
Any other bank or financial institution
Click here to view complete list of participating banks.
Who should apply for IBPS CWE PO/MT-V 2015?
Those candidates who aspire to join any of the Participating Organisations as a Probationary Officer/ Management Trainee or in a similar post in that cadre, is required to register for the Common Recruitment Process (CWE PO/MT-IV).
Candidates who appear and are shortlisted in the examination, will subsequently be called for a Common Interview to be conducted by the Participating Organisations and co-ordinated by the Nodal Bank with the help of IBPS.
IBPS CWE PO 2015 Eligibility
Candidates seeking to give IBPS CWE must fulfil following eligibility criteria:
Educational Qualification:
Any Graduation degree (regular) in any discipline from a University recognised by the Govt. Of India.
Age:
Minimum: 20 years, Maximum: 30 years
Age relaxation:
For SC/ST candidates
5 years
For OBC (Non-Creamy layer) candidates
3 years
Persons affected by 1984 riots
5 years
Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs)
5 years
Persons ordinarily domiciled in the Kashmir Division of the State of Jammu &Kashmir during the period 01.01.1980 to 31.12.1989
5 years
IBPS PO 2015 Syllabus
Click on the subject’s tab to view it’s syllabus:
Quantitative Aptitude
Topic
No. of Questions Expected
Simplification
5
Number Systems
3
Ratio & Proportion, Percentage& Averages
3
Profit & Loss
2
Mixtures & Alligations
1-2
Simple Interest & Compound Interest & Surds & Indices
1- 2
Work & Time
2
Time & Distance
2
Mensuration – Cylinder, Cone, Sphere
1-2
Sequence & Series
5
Permutation, Combination& Probability
5
Data Interpretation
15
Reasoning
Topic
No. of Questions Expected
Seating Arrangement
10
Tabulation
5
Logical Reasoning
5-10
Syllogism
5
Blood Relations
5
Input Output
0-5
Coding Decoding
5
Alphanumeric Series
0-5
Ranking/Direction/Alphabet Test
0-5
Data Sufficiency
0-5
Coded Inequalities
5
Puzzle
5-7
Computer Knowledge
Module No.
Details
1
Number System
2
History of Computers
3
Hardware
4
Software
5
Database (introduction)
6
Communication (Basic Introduction)
7
Networking (LAN, WAN)
8
Internet (Concept, History, working environment, Application)
9
Security Tools, Virus, Hacker
10
MS Windows & MS Office
11
Logic Gates
English Language
Topic
Expected Number of Questions
Reading Comprehension
10
Cloze Test
10
Fill in the blanks
0-5
Multiple Meaning/Error Spotting
0-5
Paragraph Complete/ Sentence Correction
5
Para jumbles
5
Miscellaneous
5
G.K.
Current Affairs
This would primarily focus on all news based items from various fields like sports, awards, summits, new appointments, obituaries, Indian Defense, etc.
Banking Awareness
Monetary & Credit Policies who decides, basis of change and its relation with Inflation and other related issues & Inflation (Types) CRR/ SLR/ Repo/ Re-Repo/Bank Rate etc.
Indian Financial System– Overview of Financial Markets (Money Market, Capital Market, Forex Market, and Credit Market), Financial Intermediaries involved (like investment bankers, underwriters, stock exchanges, registrars, depositories, custodians, portfolio managers, mutual funds, primary dealers, Authorized dealers, self-regulatory organizations, etc. Also read important committees and its recommendations.
Budget Basics and Current Union Budget –Discussion of Budget related terminologies like GDP, Fiscal Deficit, Various kinds of taxes, Government revenue model and spending etc. and discussion on Union Budget 2014. Also major pointers for Rail Budget and Economic Survey to be read.
History of Indian Banking Industry -(Pre Independence, Post-Independence, Nationalization), Structure of Indian Banking, Types of Banks (Scheduled, Co-operatives), categorization of Bank (Pvt, PSU, Foreign), NHB, SIDBI, EXIM, NABARD, IDBI its role etc. and concept of NBFC.
Government Schemes –All important schemes for ex. Bharat Nirman, Swavlamban, Swabhiman , All schemes discussed in budget – the details like when was it introduced, important facts related to same, budgetary allocation etc.
International Organisations/ Financial Institutions –IMF, World Bank, ADB, UN related agencies, recent development in them members heads etc functions, recent loans given by them to India or any country in the world where Crisis is going on.
Capital Market & Money Market –Concept, Types of Instruments they deal in like (1. Call/Notice Money 2. Treasury Bills 3. Term Money, 4. Certificate of Deposit 5. Commercial Papers or Capital Market Instruments like equity Shares, preference shares, or Debt segment like Debentures etc also talk about Stock Exchanges in India and world.
Regulatory Bodies like – RBI, (RBI History/ Functions/ Roles/) SEBI, IRDA, PFRDA, FSDC, FMC etc. its role functions and fact based details
Abbreviations and Economic terminologies -Frequently discussed in newspaper.
Other important concepts like – BASEL, Micro Finance, Base Rate, Negotiable Instruments, Credit Rating Agencies, Financial Inclusions, Teaser Rates, GAAR, Priority Sector Lending and all other important concepts.
You can prepare for Current Affairs & Banking Awareness, by regularly visiting eduncle.com. Here, Eduncle has provided you with GK EduWrap on Daily, Weekly & Monthly basis. You can also download GK EduWrap Weekly & Monthly in PDF format for Free. GK EduWrap can prove to be very beneficial for you, if you are preparing for IBPS GK, Current Affairs & Banking Awareness. GK EduWrap is designed by Eduncle experts who have several years of experience in this field. GK EduWrap is designed as per IBPS syllabus, trend & pattern.
IBPS PO New Recruitment Process
IBPS has made a complete change in the recruitment process which will evident effective from the new session 2015-2016. IBPS has also declared tentative dates of CWE for PO/MT-V & Clerical Cadre.
CWE will now be held in two tier i.e. Tier-I and Tier-II. Tier I will be an easier exam and more number of candidates will be qualified in this stage. Difficulty level in tier II will be high. The candidates who will qualify these two stages of CWE will be called for the interview.
Tier I exams will be of qualifying nature and its score will not be added while preparing for final merit list. Only Tier II marks and Interview score will be considered for the preparation of final merit list.
Tier II exam will include bio-metric identification i.e. at the time of entering the exam hall, you will be required to undergo bio-metric identification – i.e. scanning of your thumb impression etc. Same scanning will happen at the time of interview stage and at the time of joining the bank.
The whole process will ensure that only the genuine, deserving and all rounded person gets the selection. There are still issues which are being faced by IBPS. One of the issue is – impersonation i.e. someone other than the real candidate (who will actually join the bank) gives the exams/interview on behalf of real candidates.
Up till now, the candidates were called directly for the interview after clearing a single CWE held for PO/MT & Clerical Cadre.
IBPS Bank Exam 2015 Schedule:
RRB CWE- IV: 5, 6, 12, 13, 19, 20, 26, 27 September 2015
CWE PO/MT-V
Tier-I Exam: 3, 4, 10, 11, 31 October 2015
Tier-II Exam: 31st October 2015
CWE Clerk-V
Tier-I Exam: 5, 6, 12, 13, 19, 20 December 2015
Tier-II Exam: 3rd January 2016
CWE Specialist-V: 30, 31 January 2016
IBPS CWE PO/MT-IV 2014 Exam Pattern
Mode of Examination: ONLINE mode only.
The tests except the Test of English Language will be available bilingually, i.e. English and Hindi.
Exam duration: 2 hours
Structure of Examination:
Section
Name of Tests
Maximum Marks
1
Reasoning
50
2
English Language
40
3
Quantitative Aptitude
50
4
General Awareness(with special reference to Banking Industry)
40
5
Computer Knowlege
20
Total
200
Marking Scheme/Negative Marking Scheme/Penalty for wrong answer:
For each right answer: 1 marks will awarded.
For each wrong answer: 0.25 marks will deducted.
If a question is not answered: No awards-No deduction of marks
Cut-off Marks/Minimum marks required in each section & Total :
Each candidate will be required to obtain a minimum score in each test and also a minimum total score to be considered to be shortlisted for interview. Depending on the number of vacancies available, cutoffs will be decided and candidates will be shortlisted for interview.
Previous Year’s Cut-off Marks
In 2014
Section-wise Cut-off:
Subject
Maximum Marks
OBC/SC/ST/PwD
General
Quantitative Aptitude
50
4
7
Reasoning
50
6
10
English Language
40
6
8
General Awareness
40
7
10
Computer Knowledge
20
9
11
Total Marks Cut-off:
General: 82
OBC: 80
SC: 70
ST: 56
HI (Hearing Impaired): 36
Orthopedically Challenged (OC): 61
Visually Impaired: 38
In 2013
Section-wise Cut-off:
Subject
Maximum Marks
OBC/SC/ST/PwD
General
Quantitative Aptitude
50
4
6
Reasoning
50
6
10
English Language
40
3
6
General Awareness
40
6
8
Computer Knowledge
20
5
7
Total Marks Cut-off:
General: 61
OBC: 60
SC: 50
ST: 26
Salary Structure for IBPS bank fresher PO
Major A Class Cities
(Metro Cities)
Other Places in Area I
(State Capital etc.)
Other Places
(District Level and Rural Areas)
Basic Pay
14500.00
14500.00
14500.00
Dearness Allowance @ 99.9%
14485.5
14485.5
14485.5
CCA (3% to 4% Max. Rs540/-)
540.00
375.00
0.00
Total Salary (Excluding HRA i.e. if Leased Accommodation is availed by the officer)
Rs 29525.5
Rs 29360.5
Rs 28985.5
HRA – 8.5% ; 7.5%; 6.5%*
Rs 1232.50
Rs 1087.50
Rs 942.50
Total Salary (including HRA i.e. if officer does not avail leased accommodation)
Rs 30758.0
Rs 30448.0
Rs 29927.5
What will be revised salary after 10th bipartite settlement?
So here we are providing a brief analysis of the salary structure:
After Revision in 10th bipartite settlement, the Salary of Bank PO will be:
We are expecting min. 20% increment to this basic pay, but we can expect 25% increment to this basic pay.
If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. Then, total Gross Salary of fresher PO will be Rs.38,678/- (Worst Possible Scenario)
If IBA agree for 25% increment, Final Basic Pay will be Rs.29,026. Then, total Gross Salary of fresher PO will be Rs.40,288/- (Somewhat Good)
If IBA agree for 30% increment, Final Basic Pay will be Rs.30,187. Then, total Gross Salary of fresher PO will be Rs.41,899/- (Good Settlement)
IBPS CWE PO/MT-V 2015 Results
The result of CWE for IBPS PO/MT-V 2015 can be viewed on http://www.ibps.in/. The candidates will receive the e-mail & test message for the same.
Candidates who appeared and are shortlisted in the examination, will subsequently be called for a Common Interview to be conducted by the Participating Organisations and co-ordinated by the Nodal Bank with the help of IBPS.