IBPS Full Form - IBPS is Institute of Banking Personnel Selection

What is the full form of IBPS? This question comes from lots of aspirants. The full form of IBPS is Institute of Banking Personnel Selection. IBPS conducts the banking recruitment exams for the post of IBPS PO, IBPS Clerk, IBPS SO, IBPS RRB (Officer Scale I, II, III and Office Assistants). IBPS has registered itself in 1860 and 1950 under the Societies Registration Act and Bombay Public Trust as an autonomous body with the main aim to evolve and implement a world class system of selection of personnel for their client organization. The IBPS recruitment exam is conducted once every year for all the posts separately.

Earlier in 1975, the National Institute of Bank Management (NIBM) formed a small unit, Personnel Selection Services (PSS) to recruit the staff at the different branches of Indian banks. This organization was formed when banks in India were nationalized in 1969. Later in 1984, PSS was converted into the Institute of Banking Personnel Selection (IBPS). The IBPS conducts the recruitment exams in three phases - prelims, mains and interview. However, there is no interview round for the candidates getting selected for clerical posts.

What is IBPS full form?

As we know that the full form of IBPS is Institute of Banking Personnel Selection, there are some other important abbreviations of different posts that students need to know. Check below the table to know more about the IBPS full form.

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IBPS Full Form - Participant Banks

As we understand by the IBPS full form, IBPS is an organization for personnel selection. There are a total number of 11 banks who participate in IBPS recruitment exams. IBPS helps these banks in the fair selection of candidates for the different posts such as PO, clerks and others. While completing the application procedure of IBPS, candidates can choose these banks as per their preference. Check below the list of participant banks of IBPS

IBPS Participant Banks

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IBPS Recruitment Process

Candidates willing to appear in the recruitment exams conducted by IBPS need to apply online on the official website of IBPS - ibps.in. The application form of IBPS will be available in online mode only. As per the selection process of IBPS, the recruitment exam will be conducted in three different phases- prelims, main and interview. For the clerical post, there will be no interview round. However, candidates need to appear for a language proficiency test if needed. It is mandatory to meet cut off marks provided by the IBPS at each stage for the final allotment.

IBPS Salary

The salary of IBPS will vary according to the posts in the bank. Along with the IBPS salary, employees will also get different allowances such as Dearness allowance, house rent allowance, special allowances and many others. The timely increments and reimbursements are also one of the perks under IBPS Salary.

IBPS Growth

For promotion in banks, candidates need to appear for either departmental exams or JAIIB exams. The promotion of the candidates will be based on the merit list which will be released category-wise.

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