IBPS FULL FORM: All You Need to Know
If you are planning to join the banking industry in India, you must have come across the term ‘IBPS.’ But do you know what it means and what it entails? In this article, we will discuss everything about IBPS full form, history, and the recruitment process.
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The banking industry in India is growing at a rapid pace, and to keep up with the increasing demand, banks need to recruit new employees every year. In this scenario, the Institute of Banking Personnel Selection (IBPS) plays a crucial role in selecting candidates for various banking jobs across India. Let’s dive into the details of what IBPS is and how it works.
What is IBPS?
IBPS stands for the Institute of Banking Personnel Selection, which is an autonomous organization that conducts online examinations for various banking jobs in India. It was established in 1975 as a Personal Selection Services unit of the National Institute of Bank Management (NIBM). In 1984, it became an independent entity and was renamed the Institute of Banking Personnel Selection (IBPS).
History of IBPS
IBPS was initially created as a unit of the National Institute of Bank Management (NIBM) in Mumbai. Its primary objective was to provide assistance to banks in the areas of personnel selection, placement, and training. In 1984, it became an independent entity and started conducting recruitment exams for banks.
Over the years, IBPS has emerged as a reliable and credible organization for conducting banking recruitment exams. It has also played a significant role in standardizing the selection process for banking jobs in India.
Role of IBPS in Banking Recruitment
IBPS conducts online exams for various banking jobs such as Clerks, Probationary Officers (POs), Specialist Officers (SOs), and Regional Rural Bank (RRB) Officers. It also conducts a common recruitment process (CRP) for Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) in India.
The exams conducted by IBPS are highly competitive and require rigorous preparation. Candidates who clear these exams are eligible for banking jobs in various public sector banks in India.
IBPS Recruitment Process
The recruitment process for IBPS exams involves the following steps:
- Notification of vacancies by participating banks
- Online registration for the exam
- Admit card download
- Online examination
- Results declaration
- The provisional allotment of candidates
Eligibility Criteria for IBPS Exams
The eligibility criteria for IBPS exams vary depending on the job profile. However, some of the common eligibility criteria for IBPS exams are:
- Age Limit: The candidate must be between 20 to 30 years of age.
- Educational Qualification: The candidate must have a graduation degree from a recognized university.
- Nationality: The candidate must be a citizen of India.
IBPS Exams Pattern and Syllabus
The pattern and syllabus of IBPS exams vary depending on the job profile. However, some of the common sections in IBPS exams are:
- English Language
- Reasoning Ability
- Quantitative Aptitude
- General Awareness
The syllabus for each section also varies depending on the job profile. However, in general, the syllabus for IBPS exams covers topics such as:
- English Language: Reading Comprehension, Vocabulary, Grammar, Error Spotting, Phrase Replacement, Synonyms, Antonyms, etc.
- Reasoning Ability: Logical Reasoning, Alphanumeric Series, Ranking/Direction/Alphabet Test, Data Sufficiency, Coded Inequalities, Seating Arrangement, Puzzle, etc.
- Quantitative Aptitude: Simplification, Profit & Loss, Mixtures & Allegations, Simple Interest & Compound Interest & Surds & Indices, Work & Time, Time & Distance, Mensuration – Cylinder, Cone, Sphere, etc.
- General Awareness: Current Affairs, Banking Awareness, Static General Knowledge, etc.
Popular IBPS Exams
IBPS conducts various exams throughout the year for different job profiles. Some of the popular IBPS exams are:
- IBPS Clerk
- IBPS Probationary Officer (PO)
- IBPS Specialist Officer (SO)
- IBPS Regional Rural Bank (RRB) Officer
Importance of IBPS Exams for Banking Aspirants
IBPS exams are highly competitive and provide a gateway for candidates to enter the banking industry in India. The exams conducted by IBPS are fair and transparent, and candidates are selected based on merit. Therefore, clearing IBPS exams is a significant achievement for banking aspirants in India.
Preparation Tips for IBPS Exams
Preparing for IBPS exams requires discipline, dedication, and hard work. Here are some tips that can help you prepare for IBPS exams:
- Understand the Exam Pattern and Syllabus
- Create a Study Plan
- Practice Mock Tests
- Focus on Weak Areas
- Stay Updated with Current Affairs
IBPS is a vital organization that plays a crucial role in selecting candidates for various banking jobs in India. Clearing IBPS exams is a significant achievement for banking aspirants, and it requires discipline, dedication, and hard work. We hope that this article has provided you with a comprehensive understanding of IBPS, its recruitment process, and its exams.
Frequently Asked Questions
Q.1 What is the full form of IBPS?
The full form of IBPS is the Institute of Banking Personnel Selection.
Q.2 When was IBPS established?
IBPS was established in 1975 as a unit of the National Institute of Bank Management (NIBM).
Q.3 What is the role of IBPS in banking recruitment?
IBPS conducts online exams for various banking jobs in India and also standardizes the selection process for banking jobs in India.
Q.4 What are the popular IBPS exams?
Some of the popular IBPS exams are IBPS Clerk, IBPS Probationary Officer (PO), IBPS Specialist Officer (SO), and IBPS Regional Rural Bank (RRB) Officer.
Q.5 How can I prepare for IBPS exams?
To prepare for IBPS exams, candidates should understand the exam pattern and syllabus, create a study plan, practice mock tests, focus on weak areas, and stay updated with current affairs.