IBPS is about to announce PO III result. Many readers have questions about allotment process. So today I am going to explain each step of allotment process. In case of any query post comment, I will try to answer every query.
1) Application Submission
First of all candidates fill the application forms. Until 2012, IBPS ask candidates to fill bank preference after written exam and interview but this year candidates had to fill bank preference at the time of application.
2) Written Exam and interview
Then IBPS conducts online exam at centres throughout India in numerous cities. There is sectional as well as total score cutoff. These cutoffs are determined on the basis on vacancies. Normally IBPS calls 55000-60000 candidates for PO job.
3) Final score
80% weightage is given to written exam and 20% weightage is given to interviews. IBPS will announce final cutoff. This cutoff provides a list of candidates who gets a job in first list.
Banks are allotted as per the preference of candidates filled at the time of application. A computer program determines the cutoff of each bank on the basis of preference filled by candidates and number of vacancies in each bank.
For example your first preference is PNB and second preference is Dena bank. Cutoff of PNB and Dena bank is 50 and 42 respectively. Suppose your score is 45, you will be alloted Dena bank as you didn't cleared PNB cutoff.
4) Call from banks
After final result, IBPS will send lists to all the participating banks. Banks will send call letters to all the candidates within 2 months from date of announcement of final result. Banks generally gives 3 months to join. Most of the banks provide training before joining but some of them, namely, Punjab and Sindh bank provides training after 3-4 months of joining.
5) Waiting list
In IBPS PO II, three waiting lists were released. Final cutoff will go down by 2-3 marks in General category.
A funny thing I noticed in allotment process is, most of candidates files PNB and IDBI as their first preference but only toppers are placed in these banks. Toppers have endless opportunities with and they don't join for silly reasons. Now PNB and IDBI have highest number of vacancies in waiting lists. Now toppers of waiting lists will be placed in these banks. IBPS can't solve this issue but it sounds strange that a person who got 60 marks in PO is at better place than a person who got 70.
