Bank and Insurance Exams 2023: PO, Clerk & LIC, Insurance

Banking and insurance exams in 2022 offer excellent career opportunities in the banking and insurance sectors. Candidates can apply for positions like Assistant, Clerk, Bank SO, and Bank PO, among others. Thousands of candidates are recruited every year for various banking and insurance jobs in regional and public sector banks. These jobs provide employment for both fresh graduates and experienced professionals. The prominent organizations involved in the recruitment process include SBI, RBI, LIC, ESIC, and IBPS, which conducts exams on behalf of numerous other banks.

Ace Banking and Insurance Exams: Unleash the Power of Previous Year Question Papers!

Preparing for banking and insurance exams can be a daunting task, but with the right strategy, success is within reach. One effective method to excel in these exams is by utilizing the power of previous year question papers. In this blog, we will delve into the importance of solving previous year question papers, provide valuable insights, and guide you towards acing your exams.

List of the Banking and Insurance Exam:

The list below provides important information about upcoming bank exams in 2023. Please note that the dates mentioned are tentative and subject to change. It is advisable to regularly check the official websites for the latest updates.

1. Reserve Bank of India:
   • Notification: January 2023 (Tentative)
   • Preliminary Exam: To be announced
   • Mains Exam: To be announced
2. Institute of Banking Personnel Selection (IBPS):
   • Notification: To be announced
   • Preliminary Exam: To be announced
   • Mains Exam: To be announced
3. State Bank of India (SBI):
   • Notification: To be announced
   • Preliminary Exam: To be announced
   • Mains Exam: To be announced
4. Life Insurance Corporation (LIC):
   • Notification: To be announced
5. New India Assurance Company Limited:
   • Notification: To be released

Insurance Exams: There are also exams conducted for the insurance sector. The syllabus for these exams is similar to that of bank exams, so candidates preparing for bank exams can consider appearing for these insurance exams as well. Some of the insurance exams are:

• NIACL AO: Dates to be announced
• LIC AAO: Dates to be announced
• LIC Assistant: Dates to be announced
• GIC Assistant Manager: Dates to be announced
• LIC HFL: Dates to be announced
• LIC ADO: Dates to be announced

Private Bank Exams: Various private banks conduct exams to fill different positions in their organizations. The dates for these exams are not released regularly but depend on the banks’ requirements. Here are some private bank exams:

• OSCB BA/AM/SM: Dates to be announced
• PO & Clerk in J&K Bank: Dates to be announced
• HP State Cooperative Bank: Dates to be announced
• Punjab State Cooperative Bank: Dates to be announced
• Bihar State Cooperative Bank: Dates to be announced
• Saraswat Bank: Dates to be announced
• South Indian Bank Legal Officers: Dates to be announced
• J&K Bank SO: Dates to be announced
• Cotton Corp. Management Trainee: Dates to be announced
• Canara Bank SO: Dates to be announced
• Karnataka Bank PO: Dates to be announced
• HARCO Clerk, Jr Accountant, & Senior Accountant: Dates to be announced

Government Bank Exams: Several government banks conduct recruitment programs for various posts. The exams for these positions are similar to other bank exams but are conducted separately based on available vacancies. Some of the government bank exams are:

• ESIC SSO: Dates to be announced
• ECGC PO: Dates to be announced
• Nainital Bank PO & Clerk: March 2023 (Tentative)
• ESIC UDC/MTS/Steno: Dates to be announced
• SO in Central Bank of India: Dates to be announced
• India Post: Dates to be announced
• Specialist Officers Scale-I & II in BOM: Dates to be announced
• Bank Note Press, Dewas: Dates to be announced
• SBI Pharmacist: Dates to be announced
• Punjab and Sind Bank: Dates to be announced
• Exim Bank SO: Dates to be announced
• Indian Overseas SO: Dates to be announced
• IDBI Bank SO: Dates to be announced
• Exim Bank Management Trainee: Dates to be announced
• BOI Security & Fire Officer: Dates to be announced
• Canara Bank SO: Dates to be announced
• BOI Officer Scale 1,2,3,4: Dates to be announced
• BOI Officer: Dates to be announced
• PNB SO: Dates to be announced
• NHB Assistant Manager: Dates to be announced
• Nainital Bank SO: Dates to be announced
• EPFO Assistant: Dates to be announced
• EPFO SSA: Dates to be announced

Please note that the dates provided are subject to change, so it’s essential to stay updated by visiting the official websites and notifications for each exam.

BANKING AND INSURANCE EXAM 2023: SALARY 

1. SBI Clerk Salary:
   Pay Scale: ₹11,765-655/3-13,730-815/3-16,175-980/4-20,095-1,145/7-28,110-2,120/1-30,230-1,310/1-31,450
2. SBI PO Salary:
   Basic Pay: ₹27,620/- (with 4 advance increments)
   Pay Scale: ₹23,700-980/7-30,560-1,145/2-32,850-1,310/7-42,020
3. SBI SO Salary:
   JMGS I: ₹23,700-980/7-30,560-1,145/2-32,850-1,310/7-42,020
   MMGS II: ₹23,700-980/7-30,560-1,145/2-32,850-1,310/7-42,020
   MMGS III: ₹42,020-1,310/5-48,570-1,460/2-51,490
   SGMS IV: ₹50,030-1,460/4-55,870-1,650/2-59,170
4. IBPS PO Salary:
   • Pay Scale: ₹23,700-(980 x 7)-30,560-(1,145 x 2)-32,850-(1,310 x 7)-42,020
5. IBPS Clerk Salary:
   • Pay Scale: ₹11,765-655/3-13,730-815/3-16,175-980/4-20,095-1,145/7-28,110-2,120/1-30,230-1,310/1-31,540IBPS SO Salary:
     JMGS I: ₹14,500+(600 x 7)-18,700+(700 x 2)-20,100+(800 x 7)-25,700/-MMGS II: ₹19,400+(700 x 1)-20,100+(800 x 10)-28,100/-
     IT Officer: ₹23,700-(980 x 7)-30,560-(1,145 x 2)-32,850-(1,310 x 7)-42,020IBPS RRB Office Assistant Salary:
     Pay Scale: ₹7,200-(400/3)-8,400-(500/3)-9,900-(600/4)-12,300-(700/7)-17,200-(1,300/1)-18,500-(800/1)-19,300IBPS RRB Officer Scale I Salary:
     Gross Salary: Around ₹23,700-(980 x 7)-30,560-(1,145 x 2)-32,850-(1,310 x 7)-42,020RBI Assistant Salary:
     Basic Pay Scale: ₹13,150-750 (3)-15,400-900 (4)-19,000-1,200 (6)-26,200-1,300 (2)-28,800-1,480 (3)-33,240-1,750 (1)-34,990 (20 years).

Bank Exam Eligibility Criteria:

To appear for any exam bank, it is important to fulfilling the bank exam eligibility criteria as specified by the official authorities. Commonly all the bank exams require similar eligibility criteria, which is as stated below:

• Nationality: A candidate must be a citizen of India or a subject of Nepal/Bhutan, a Tibetan Refugee, or a person of Indian origin who migrated from Pakistan/Burma/Sri Lanka/East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.
• Age Limit: The minimum age of the candidate should not be less than 20 years and the maximum age also should not be more than 30 years for upcoming bank exams.
• Educational Qualification: Minimum graduation degree in any discipline from a university recognized by the Government of India.

Why Previous Year Question Papers Matter:

1.Boost Exam Familiarity:Solving previous year question papers familiarizes you with the exam pattern, types of questions, and time management techniques.

2.Understand Exam Trends:Analyzing previous year papers helps you identify recurring topics, question formats, and the weightage of different sections.

3.Enhance Speed and Accuracy:Regular practice with previous year papers enhances your speed, accuracy, and confidence, enabling you to tackle the exam effectively.

Benefits of Solving Previous Year Question Papers:

1.Comprehensive Knowledge Assessment:By solving a wide range of questions, you can evaluate your strengths and weaknesses across different topics.

2.Effective Revision Tool:Previous year papers serve as a valuable revision resource, allowing you to revisit important concepts and reinforce your understanding.

3.Realistic Exam Simulation:Practicing previous year papers creates an exam-like environment, helping you manage time constraints and reduce exam anxiety.

How to Make the Most of Previous Year Question Papers:

1.Start Early:Begin solving previous year papers well in advance to give yourself sufficient time for practice and improvement.

2.Analyze Solutions:After attempting a paper, carefully analyze the solutions to understand the reasoning behind correct answers and learn from your mistakes.

3.Focus on Weak Areas:Identify the areas where you struggle the most and dedicate extra time to improve your proficiency in those subjects.

4.Time Management Strategies:Practice time-bound sessions to develop effective time management skills and improve your speed during the actual exam.

5.Track Your Progress:Maintain a record of your performance in each paper to track your progress over time and identify areas that need further attention.

Additional Exam Preparation Tips:

1.Develop a Study Plan:Create a well-structured study plan that covers all the necessary topics and allocates sufficient time for practice and revision.

2.Stay Updated with Current Affairs:Keep yourself updated with the latest news, economic updates, and banking/insurance-related developments to excel in the general awareness section.

3.Seek Guidance:Utilize online resources, join coaching classes, or seek guidance from experienced mentors to enhance your exam preparation journey.

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FAQ’s

Which exam is best for banking?

Top Bank Exams in India

• IBPS PO (CWE PO/MT)
• IBPS SO (CWE SO)
• IBPS Clerk (CWE Clerical)
• IBPS RRB (CWE RRB)
• RBI Officer Grade B.
• RBI Officer Grade C.
• RBI Office Assistant.

Who is eligible for BSRB exam?

BSRB Eligibility(Qualification)

 

10+2 Intermediate Exam in Any Recognized Board In India with CCC / Equivalent Exam Passed. with Any Graduation Degree Recognized University. For more Details Read the Official Notification.

Who is eligible for banking exam?

Nationality: Candidate must be a citizen of India. Age limit: The general age limit to apply for a bank PO exam is between 20 and 30 years. However, different banks avail for a different age limit eligibility. For selected categories, age limit relaxations are also provided in terms of bank PO eligibility.

Which bank exam is easy to pass?

The bank exam which is easy to crack is IBPS RRB – Regional Rural Bank exam and Clerical exams like IBPS Clerk, and SBI Clerk.

Which bank exam is easy to pass?

The bank exam which is easy to crack is IBPS RRB – Regional Rural Bank exam and Clerical exams like IBPS Clerk, and SBI Clerk.

Is 3 months enough to crack bank exams?

Ans. Yes. Any candidate can crack this exam within three months if they follow the right IBPS PO preparation strategy & books and build the speed of solving questions quickly with good accuracy.

Can I crack bank exam in 1 month?

You can easily clear prelims in one month with the right strategy and approach. Prelims are all about speed and accuracy. Therefore, you must understand the demand of the exam and prepare accordingly. First, take a mock test and previous years questions to understand the type of topics that are asked and then proceed.