The Institute of Banking Personnel Selection (IBPS) has again revised IBPS PO vacancies 2020. The vacancies have been revised to 3,517. This is the third time that IBPS PO vacancies 2020 has been revised. Earlier, the vacancies were revised to 1,417. Initially, a total of 1,167 IBPS PO 2020 vacancies were announced. The number of vacancies announced this year is less compared to last year. Last year, a total of 4,336 vacancies were announced. IBPS PO vacancies are announced category-wise and bank-wise along with the notification.
The number of participating banks also reduced compared to last year due to the merger of 10 Public Sector Undertaking (PSU) banks. This year, the number of participating banks is 11, whereas, it was 17 last year. The selection of candidates against these vacancies is made on the basis of the preliminary exam, mains exam, and interview. Read below for more details on IBPS PO vacancies.
|Banks||Number of vacancies|
|Bank of Baroda||0|
|Bank of India||734|
|Bank of Maharashtra||250|
|Central Bank of India||0|
|Indian Bank||Not Reported|
|Indian Overseas Bank||0|
|Punjab National Bank||Not Reported|
|Punjab & Sind Bank||83|
|Union Bank of India||0|
The table below contains the IBPS PO vacancies 2020 category-wise
|Category||Number of vacancies|
|Bank of Baroda||Canara Bank|
|Bank of Baroda||Canara Bank|
|Indian Overseas Bank||UCO Bank|
|Punjab National Bank||Union Bank of India|
|Bank of Maharashtra||Indian Bank|
|Punjab & Sind Bank||-|
Candidates selected against the vacancies will be entitled to a basic salary of Rs 23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020. This means after seven years, the basic salary will be Rs 30,560. The basic salary after 7+2 years it will be Rs 32, 850. The basic salary of IBPS PO after 7+2+7 years will be Rs 42,020. Candidates are also entitled to House Rent Allowance (HRA), Dearness Allowance (DA), Special Allowance (SA) and Compensatory allowance.
The online tests of IBPS PO are conducted in two phases, Preliminary and Mains exams. Qualified candidates of mains exam are required to appear for an interview. The final selection for the provisional allotment is done based on the candidates’ performance in the mains exam and interview.
IBPS PO 2020 Vacancies FAQs
Q. How many vacancies were announced in 2019?
A. A total of 4,336 vacancies were announced in 2019.
Q. How many vacancies were announced in 2018?
A. In 2018, a total of 4,252 vacancies were announced.
Q. How the candidates are selected against the vacancies?
A. The selection process includes three stages, preliminary, mains and interview.
Q. As some of the banks have been merged. Will the number of participating banks reduce?
A. Yes, the number of vacancies has reduced.
Q. Is it tough to crack IBPS PO exam?
A. No, it is not tough to crack IBPS PO exam if you have prepared well.
Q. How many vacancies are announced this year?
A. A total of 1,417 vacancies has been announced.
Q. Is the number of vacancies less compared to last year?
A. Yes, the number of vacancies is less compared to last year.
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