Bank Preference In IBPS PO: We have been getting a lot of queries regarding how to fill the bank preference for the IBPS PO 2022 examination. In the following article, we will brief you on the parameters you can consider before preparing your final IBPS PO Bank 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 the top priority and the banks at the bottom are the least priority. It is also necessary to fill the Bank preference in a better sequence the reason is, there can be a question in the interview, Why This Bank (the bank you filled) Is Your First Preference? So, it is necessary to fill the preference form keeping all the suitable factors in mind and it should not be difficult for you to justify the above question asked.
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IBPS PO Selection Process 2022
IBPS PO exam 2022 will be conducted in 3 steps:
- IBPS PO 2022 Prelims-
- This exam requires candidates to clear sectional as well as overall cut off to appear for the next step. This round is an eliminator round and the marks scored in this section is not considered for Final Merit.
- IBPS PO 2022 Mains
- Final selection is done on the basis of the marks scored in this section. In this section also one needs to clear sectional as well as Overall cut off to qualify and be eligible for Selection Procedure. Cut off is decided considering the number of vacancies in all the states.
- IBPS PO 2022 Interview
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The candidates who clear the main examination will appear for the interview. The interview process will be of 100 marks. The minimum mark to qualify will be 40%. For candidates belonging to SC, ST, OBC, PwD it will be further reduced to 25%. IBPS will make the final selection based on the cumulative score of the Mains examination and the interview. A merit list will be released after the interview process is over. The Bank will offer the successful candidates the joining letter.
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1. IBPS PO Bank Preference 2022 | List of Participating Banks
- Bank of Baroda
- Canara Bank
- Bank of India
- Bank of Maharashtra
- Central Bank of India
- Indian Bank
- Indian Overseas Bank
- UCO Bank
- Punjab National Bank
- Union Bank of India
- Punjab & Sind Bank
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2. How To Fill Bank Preference List For IBPS PO 2022?
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. Let’s start with what all banks should be last in the IBPS PO Bank Preference List 2022
- Bank of Baroda
- Central Bank of India
- Indian Overseas Bank
- Indian Bank
As zero vacancies are reported for the above banks so keep them at the bottom of your reference list. Now let’s have a look at the updated vacancy list and will have the preference list accordingly.
| Participating Banks | Vacancies |
| Bank of Baroda | NR |
| Bank of India | 535 |
| Bank of Maharashtra | NR |
| Canara Bank | 2500 |
| Central Bank of India | NR |
| Indian Bank | NR |
| Indian Overseas Bank | NR |
| Punjab National Bank | 500 |
| Punjab & Sind Bank | 253 |
| UCO Bank | 550 |
| Union Bank of India | 2094 |
| Total | 6432 |
Below is the list of banks region-wise to filled as the preference for IBPS PO 2022. This is just according to our assumption and is just a basic list you can create your own list according to your preferences.
| North & North East | South |
|---|---|
| Bank of India | Bank of India |
| Canara Bank | Canara Bank |
| Punjab & Sindh Bank | Union Bank of India (Andhra + Corporation) – NR |
| Punjab National Bank (OBC + United Bank) | UCO Bank |
| Union Bank of India (Andhra + Corporation) – NR | Punjab & Sindh Bank |
| UCO Bank | Punjab National Bank (OBC + United Bank) |
| Indian Bank | Indian Bank |
Note: BOB, Central Bank of India, IOB, Indian Bank should be last in the list.
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3. Parameters to consider to before choosing your preference for IBPS PO 2022
3.1 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 have a maximum presence in that state/city.
For example, Canara bank has its headquarters in Bangalore. So, choosing the Canara bank automatically increases your chances of getting posted in Bangalore or Karnataka or somewhere in Southern India.
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, Punjab & Sindh Bank, Canara bank
East & North-East India: Odisha, WB, Bihar, Jharkhand, Sikkim
Allahabad Bank, Punjab National Bank, Bank of Baroda, UCO Bank, United Bank of India, Canara Bank.
West and Central India: Maharashtra, Gujarat, MP, Chhattisgarh, Goa
Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India.
South India: Andhra, Karnataka, Telangana, Tamil Nadu, Kerala
Canara Bank, Indian Bank, Indian Overseas Bank, Andhra Bank, Corporation Bank, Syndicate Bank.
3.2 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 the 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 have branches overseas.
3.3 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 honest feedback before deciding your preference list. Ask them about the work culture, promotion policies, and career growth.
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4. IBPS PO Bank Preference | Banks Work Culture & Basic Information
| Name of Bank | Work Culture | Basic Information |
|---|---|---|
| Bank of India | Healthy Work Environment & Good Growth Opportunity. |
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| UCO Bank | Healthy Work Environment Challenging Work |
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| Bank of Maharashtra | Helpful Management Good Growth Opportunities |
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| Punjab & Sindh Bank | Supportive Work Environment Limited opportunities to learn & grow. |
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| Punjab National Bank | Professional & helpful work environment. Frequent training of employees |
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| Canara Bank | Progressive Work Environment. Substantial opportunities for professional as well as personal growth. |
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| Union Bank of India | Supportive & Innovative Work Environment. |
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| Indian Bank | Friendly Work Environment and organized way of working. |
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| Central Bank of India | Good growth opportunities. |
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| Bank of Baroda | Organized Workplace. Professional+Friendly work environment. |
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| Indian Overseas Bank | Good Learning opportunities. Helpful & Innovative work environment. |
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All the Best! This is all from us in this blog, IBPS PO Bank Preference 2022. In the end, the allotment will be based on your preference, overall marks in mains, and interview. However, the preference list plays a major role in your allotment too. Therefore, decide your preference order after careful consideration of the above parameters.
Also Read:
Tips to Fill IBPS Clerk Bank Preference [Updated-2022]
Dikshant (DJ) is an engineer turned banker. He has cleared many competitive exams before his current placement. Being an officer in the bank, DJ is super busy but makes sure that he always finds time for writing informative & exam-oriented content to help students in cracking competitive exams such as SBI, IBPS, SSC, JAIIB/ CAIIB and many more.
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