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Guide to Choose Bank Preference Order for IBPS PO 2017

bank preference for IBPS PO 2017

 

We have been getting a lot of queries regarding how to fill the bank preference for IBPS PO 2017 examination. In the following article, we will brief you on the parameters you can consider before preparing your final preference list.

The preference list is to be chosen in decreasing order of priority. The banks you mention at top of the list are considered as top priority and the banks at the bottom are least priority. 

Here’s a list of participating banks and their respective vacancies across categories for your reference:

Sr. No Participating organization SC ST OBC UR Total
1 Allahabad Bank 36 19 64 116 235
2 Andhra Bank 93 46 168 318 625
3 Bank of Baroda
4 Bank of India 30 15 54 101 200
5 Bank of Maharashtra 15 7 27 51 100
6 Canara Bank 203 108 364 675 1350
7 Central Bank of India 15 8 28 49 100
8 Corporation Bank 28 22 0 50 100
9 Dena Bank NR NR NR NR NR
10 IDBI Bank
11 Indian Bank NR NR NR NR NR
12 Indian Overseas Bank
13 Oriental Bank of Commerce NR NR NR NR NR
14 Punjab National Bank NR NR NR NR NR
15 Punjab & Sind Bank
16 Syndicate Bank
17 UCO Bank 75 26 178 251 530
18 Union Bank of India 83 34 78 127 322
19 United Bank of India
20 Vijaya Bank
  Total 578 285 961 1738 3562

 

To start with, first make a list of what you want from the bank you want to work in. For instance, you might want to get posted in your home town, or somewhere nearby and work in a bank that offers good work-life balance, etc. After that, check which bank matches your needs or at least comes close to your needs, before making your decision.

 

Parameters to consider to before choosing your preference for IBPS PO 2017:

Bank location

The first and foremost thing you should consider is the bank’s location. If you want to work in a particular region, check out the banks that have headquarters in that region and place them higher up in your preference list.

Banks having headquarters in a state/city tend to have more branches in that state/city and has maximum presence in that state/city.

For example, Canara bank has its headquarters in Bangalore. So, choosing Canara bank automatically increases your chances of getting posted in Bangalore or Karnataka or somewhere in Southern India.

 

Following is a list of the participating banks and their respective headquarters:

Name of the bank Headquarters
Bank of India, Central Bank of India, Union Bank of India, Dena Bank and IDBI Bank Mumbai
Punjab National Bank, Punjab and Sind Bank, Oriental Bank of Commerce Delhi
Allahabad Bank, United Bank of India, UCO Bank Kolkata
Canara Bank, Vijaya Bank Bangalore
Indian Bank, Indian Overseas Bank Chennai
Bank of Maharashtra Pune
Andhra Bank Hyderabad
Bank of Baroda Vadodara
Syndicate Bank Manipal
Corporation Bank Mangalore

 

Following is a list of regions, and banks that are most likely to post candidates in that region:

North India: Delhi, Punjab, UP, Uttarakhand, J & K, HP, Haryana, Rajasthan

BOB, PNB, Oriental Bank of Commerce, Allahabad bank, IDBI Bank, Punjab & Sink bank, Canara bank

East & North-East India: Odisha, WB, Bihar, Jharkhand, Sikkim

Allahabad bank, PNB, BOB, UCO Bank, United Bank of India, Canara bank, Union Bank, Bank of India

West and Central India: Maharashtra, Gujarat, MP, Chhattisgarh, Goa

BOB, IDBI Bank, Dena Bank, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian overseas bank, Corporation bank

South India: Andhra, Karnataka, Telangana, Tamil Nadu, Kerala

Canara Bank, Vijaya Bank, Indian Bank, Indian overseas bank, Andhra bank, Corporation bank, Syndicate bank

 

IBPS PO 2017 Exam: Bank Preference Order 

 

Transfers

Usually if a bank has more branches, the frequency of the candidates getting transferred is more. Therefore, if you aren’t looking for frequent transfers, choose accordingly. For those of you who are fine with frequent transfers, some banks allow you to choose the place of posting, however some don’t; some banks post you in rural as well as urban areas and some post you only in urban areas. Therefore, we suggest you go through transfer policies of banks before choosing your preference.

For those of you who don’t want to get transferred to a foreign country during your tenure, you wouldn’t want to give preference to banks that has branches overseas.

 

Salary structure, promotion policies and work culture

Most banks follow similar salary structure, and promotion policies and have similar responsibilities for probationary officers. However, there are slight variations in them. For instance, getting posted in rural areas could mean lesser HRA than those posted in urban areas or metros. This could impact your gross salary.

We suggest you talk to employees working in these banks and get an honest feedback before deciding your preference list. Ask them about the work culture, promotion policies, and career growth.

 

Note: We suggest you don’t consider vacancies while deciding your preference list. Regardless of the vacancies, you will be allotted based on your merit and preference. The banks that haven’t yet reported the vacancies (NR) and the banks that have said they have no vacancies (NIL), could at any time during the recruitment process announce their vacancies.

Suppose a bank you want to work with has not reported vacancies and you place this bank lower in your preference list. If the bank announces its vacancies before you get placed, there are chances you will get placed in a bank which you placed higher up in your preference list and not the bank you want to work with, even though you have cleared that banks cut off.

Therefore, we suggest you to not base your preference on vacancies and regret it later. Consider the location/region of the bank, work culture, transfer policies, etc.

 

In the end, the allotment will be based on your preference, overall marks in mains and interview. However, preference list plays a major role in your allotment too. Therefore, decide your preference order after careful consideration of the above parameters.

Note: The above tips and strategy on how to choose your bank preference is only a guideline and doesn’t reflect any kind of bias or bank preference or priority order. Use this only as a guideline to arrive at your own preference list of banks.

All the best!

 

Further reading:

IBPS PO Reasoning Preparation Guide 2017
IBPS PO Quantitative Aptitude Preparation Guide 2017
IBPS PO English Language Preparation Guide 2017
IBPS PO 2017: Create your own customized study planner for free

 


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