Bank Exam Preparation (9 points to know)

Before going into the blog, let us have a short quiz on famous banking personalities of India. Below are some 5 pictures of reputed financial gurus. Let’s see if you can identify their names!

1) “Arundhati Bhattacharya is a retired Indian banker and former Chairperson of the State Bank of India. She is the first woman to be the Chairperson of the State Bank of India. In 2016, she was listed as the 25th most powerful woman in the world by Forbes . She is the only Indian corporate leader listed on Fortune’s world’s greatest leaders list ranked at 26.”

2) “Raghuram Govinda Rajan (born 3 February 1963) is an Indian economist and former Governor of the Reserve Bank of India.”

3) “Shaktikanta Das (born 26 February 1957) is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre. Currently serving as the 25th governor of the Reserve Bank of India (RBI), he was earlier a member of the Fifteenth Finance Commission and India’s Sherpa to the G20.”

4) “Palanivel Thiagarajan is an Indian politician and the current Finance Minister of Tamil Nadu. He was elected to the Tamil Nadu Legislative Assembly election in 2016 and 2021 from Madurai Central.”

5) Just Kidding! But c’mon who doesn’t know about this genius who just eloped after pulling off a 9000 crore scandal in various banks and lives peacefully in his mansion in the UK. It’s obviously Vijay Mallaya

In this blog, you will read everything about Bank exams and best bank exam tutorials that will help you crack the exam. If you are a beginner, you have come to the right place as we will walk you through the step by step process

If you had watched the blockbuster Tamil movie Bairavaa, you would have noticed the main lead Thalapathy Vijay playing the role of a banker (‘a collection agent in ICCI bank’ to quote from Wikipedia! The devil’s in the details, eh!) in what would seem like a larger-than-life portrayal. He would indulge in all sorts of shenanigans to prove his macho, in the guise of a debt collector. From playing street cricket with the thugs and trashing them to getting caught in a political corruption cobweb and using guns to kill the enemies, our main lead will do everything other than handling cash. Trust me: you will not need the qualification of using a firearm to become a banker! But again, do not ask me what a poor banker will do in case of a robbery. Let us not think of that extreme possibility now!

So, now you know who is not a banker. Going back to the main question; who is a banker in real? What does he do? Is it a sedentary/9-5/ boring task or a job where you need to apply your financial acumen and people skills in your everyday life? What does the person whose face you first see when you enter any bank, sitting with a stern face, showing no sort of emotional vulnerability does in front of a computer monitor?

Let me tell you about the day-to-day task of a banker working in a Clerical Cadre.

Handling of cash from Customers . Be it depositing or withdrawing, the role of a clerk is to involve in the cash exchange between the customer and the bank. After verifying the authenticity of the documents by examining the signature and the passport-size photo, the clerk cashes the check or hands out the money. The clerk acts as the official middleman in this money depositing and withdrawing process.

Recording of transactions. To keep track of deposits, withdrawals, loan and mortgage payments, cheques, and sales of securities is the primary role of the clerk. The clerk translates all the data to the computer and feeds it into the main database of the bank.

Answering the queries . The clerk is responsible to talk to the customer who comes with varied needs. For all the problems of the customer, the clerk needs to troubleshoot, give guidance and provide solutions for them. A clerk must reroute the customer to the Bank Manager only if necessary. If you ever want to open a bank account but do not know where to go and whom to contact, the clerk will come to your rescue. So instead of drowning in your anxieties, ask for help and proceed accordingly.

Educates about the Bank’s services. A bank offers many products and services other than regulating cash. A clerk will help you with the list of services the bank offers like credit/debit cards, internet banking, different account types, retirement policy, etc.

Checking the money drawer. A clerk makes sure the accounts are proper and balanced at the end of the day without the bank facing any cash crunches. The clerk makes sure the money drawer is accurate.

This is just the role of the clerk. Within the clerical cadre, a clerk can get different promotions like,

One can directly get placed as a Probationary Officer in the bank and can progress their career from there. The promotion list is as follows,

You would be on the verge of getting bankrupt. Your savings would be nil in the bank, and you will be on the brink of hitting rock bottom without having thought of any alternatives. But you would be living in denial without planning your financial expenses. Rajesh is a spendthrift. He is unmindful of his everyday expenses. He constantly gets new credit cards but does not pay the dues properly. He totally avoids conversations about money when brought up about his splurging activities. He is stuck and feels helpless about his pathetic condition.

This is one case study. Another case is where everything will go according to your taxes, and you will have a safe and secure cash flow mechanism with legit bank accounts. But there will always be thoughts at the back of your head, clinging like a devil, pestering you with ‘What if something goes wrong and you are left with no cash?’

This is nothing but some examples of Money Anxiety. Here, no school teaches you how to open a bank account and how to save money. Teenagers when they move into their 20s find it extremely difficult to manage the money they earn. They learn about investments, insurances, savings, and trading all by themselves the hard way. They develop Money anxiety; situations where you fidget over the conversations related to money and develop serious stress without knowing how to channel your finances.

I wouldn’t mind inserting the fact that our CEOs Mr. Shivkumar and Mrs. Savithri conduct a life-changing workshop regularly where Financial Mastery is also one of the main themes.

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