Promotion Policies in Public Sector Banks
With banks currently one of the biggest sector generating new employment in India, aspirants always have an eager to know how they can shape their future and what will be the promotion policies of the organization they are about to join.
Though Promotion policies differ from bank to bank and from year to year, here are a few tips that will enhance your skills according to your organization and improve your chances to get promoted quickly
- JAIIB / CAIIB – JAIIB and CAIIB are banking certification courses conducted by Indian Institute of Banking and Finance. JAIIB is the first certification in banking which gives you 2 benefits.
- It Gives you an increment for life long service of the bank.
- It Adds to your certifications in banking.
CAIIB is the other course. CAIIB can only be given after you have successfully qualified JAIIB. CAIIB gives you one increment if you are an officer and 2 increments in case you are a clerical.
Usually Banks in Promotions from Clerical to Officer and from Officer to Deputy Manager posts demand JAIIB certifications and above for all promotions you need to be attaining a CAIIB certification.
A few banks also give you 1 year seniority bonus for attaining CAIIB degree i.e. while your other batch-mates wont be able to compete in promotion exercise, you will be able to compete because you have already cleared your CAIIB.
2. Your Confidential Report: This is the report which is given to you by your senior, based on different matters. In all the Banks CR plays an important role in promotion exams. Usually employees having CR above 75 are eligible for Promotions.
3. Your Duration of Banking Services: In competitive times, usually banks give early promotions. In normal conditions you become eligible in promotion in a job length of 2-3 years. In RRB’s you become eligible for promotions every 5 years.