How Allotment of Banks is done through IBPS
With IBPS PO notification are out, we are here with the detailed process on how allotment of banks is done through IBPS and what is the significance of your Bank Preference you filled at the time of filling the form.
Significance of Bank Preference
Every candidate who apply for the prestigious examination is asked to fill the bank Preferences in IBPS. This bank preference holds a lot of significance because if you clear the IBPS exam, your allotment of bank will be based on your bank preference.
How IBPS Allot Bank?
Every particular bank has their own cutoff in IBPS PO exam. This cutoff can be understood as the minimum marks required to get a particular bank. Suppose you have attained a consolidated score of 60 marks out of 100 in all the phases of exam held in IBPS.
Your preference was like
- PNB – Cutoff was 62
- Canara – Cutoff was 58
- Bank of India – Cutoff was 53
IBPS will allot you Canara Bank because your marks is higher than their cutoff and it is your higher preference than Bank of India
So it is an advice to all the aspirants to be very very careful in filling the Bank Preferences.
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