IBPS SO Bank Preference List 2024

The Institute of Banking Personnel Selection (IBPS) released the notification for the Specialist Officer in the PSBs (Except SBI) on 01 August 2024. Eligible and Interested candidates can register themselves for this IBPS SO 2024 recruitment cycle between 01 August and 21 August 2024. Choosing the right bank preferences is a crucial step in the IBPS SO 2024 application process. The Institute of Banking Personnel Selection (IBPS) conducts the Specialist Officer (SO) exam to recruit candidates for various specialist roles in public sector banks across India.

IBPS SO Bank Preference List 2024

When filling out the IBPS SO 2024 application form, candidates are required to select their bank preferences. These preferences play a significant role in the final allotment process. It is essential to make informed choices to ensure a good fit for the candidate’s career aspirations and personal circumstances. The preference list will determine where a candidate may eventually get posted, so it’s vital to consider various factors before making your selections.

Factors to consider When choosing Bank Preferences

A candidate has to make an informed preference list as per their suitability, it will positively impact their professional journey. The following are the factors to consider while choosing a bank preference

• Location Preference: Consider the geographical locations where a candidate would prefer to work. Some banks have a stronger presence in certain regions. If he/she has a specific location preference, prioritize banks that have branches in those areas.
• Bank Reputation: The reputation and stability of the bank can impact career growth. Research the banks’ performance, work culture, and employee satisfaction ratings to make an informed decision.
• Career Growth Opportunities: Different banks offer varying levels of career growth and promotion opportunities. Look into the career progression paths and training programs offered by each bank.
• Work Environment: The work environment and culture of a bank can significantly affect job satisfaction. Speak to current or former employees, if possible, to get an insight into the work environment.
• Number of Vacancies: Candidates must consider the number of vacancies while choosing the bank for the preference list. As it may help them to work with the bank they prefer.
• Benefits and Perks: While most public sector banks offer similar salary structures, some may provide additional benefits, such as better housing facilities, medical benefits, or educational support. Compare these perks to find the best fit for you.
• Personal Circumstances: Consider personal factors such as family commitments, hometown, and any other specific needs that might influence preference.

List of Participating Banks

• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Central Bank of India
• Indian Bank
• Indian Overseas Bank
• Punjab National Bank
• Punjab & Sind Bank
• UCO Bank
• Union Bank of India

How to Prioritize Banks

• Research thoroughly about all participating banks before making choices.
• Consider long-term career goals when ranking banks.
• Be realistic in preferences, balancing the aspirations with expected performance in the exam.
• Don’t leave any bank unranked, as this could limit the chances of selection.

Bank Preferences Impact on the Final Selection

• Candidates are allocated to banks based on their overall rank in the IBPS SO exam and their bank preferences.
• Higher-ranked candidates have a better chance of getting their top preferences.
• If a candidate’s preferred banks are filled, they may be allocated to a lower preference or may not be selected if all preferences are exhausted.