Every year, Saraswat Bank posts vacancies for Junior Officers (marketing and operations) and details the selection process for applicants. Saraswat Cooperative Bank is India’s largest and first urban cooperative bank, with a long history of involvement in the community. It has 283 branches in six states, including New Delhi, Karnataka, Madhya Pradesh, Gujarat, Maharashtra, and Goa. “Service to the Common Man” is the bank’s tagline, and it has swiftly expanded to become Asia’s largest. The formal notification for this year has not yet been issued, although it is likely to be out soon. Interested candidates can begin their preparation for the Saraswat Bank Junior Officer Clerk exam by reviewing the whole syllabus and exam pattern. 

On its official website last year, the bank announced the Saraswat Bank Junior Officer (Marketing & Operations in Grade B) Exam announcement 2021 to select 150 applicants. The syllabus for the Junior Officer Clerk exam will not only help applicants understand the important topics for the exam, but it will also help them score well in the exam.

Latest Updates: 

Saraswat Bank released an advertisement on March 26, 2023, seeking competent persons for 150 Junior Officer vacancies in Mumbai and Pune branches. A comprehensive Saraswat Bank Exam 2023 Notification with vacancy has been released. Candidates that meet the requirements will be invited to an interview. The deadline for submissions was April 8, 2023. 

Note– To know How To Stay Focussed to Score High Marks In Bank Exams, check at the linked article.

Saraswat Bank Exam 2023: Overview

Before discussing each detail of the notification, go through the overview of the exam:

Get updates and the latest notifications regarding the Government exams 2023 at the linked article.

Saraswat Bank Exam 2023: Selection Procedure

Saraswat Bank’s selection process is divided into two steps. Candidates who fail to pass any of these selection steps will not be considered further.

• Stage One: Online Exam

The first round of the selection process will be an online examination with four sections. A minimum of 50% is required to qualify for the second step, i.e. the interview. A negative marking method is in place in the event of an incorrect answer; 0.25 marks will be deducted for each incorrect answer.

• Stage II is the interview phase.

Only qualified applicants from the online examination can participate in the interview process.

The merit list will be created depending on how candidates performed throughout the interview round. The merit list will be published on the Bank’s official website.

Candidates can refer to the linked article for the best preparation method for competitive exam preparation, and get tips for preparation, study material, and more in relation to the upcoming recruitment. 

Saraswat Bank Exam 2023: Vacancy

The total number of vacancies released in the notification of 2023 is 150, for different branches of the bank. According to the 2022 advertisement, 300 vacancies are released for the branches of Mumbai and Pune.

For more detailed information on the vacancies for various branches, go through the Sarawat Bank Exam Vacancies 2023.

Saraswat Bank Exam 2023: Application Process

Candidates with the requisite educational qualifications can apply for the recruiting process by submitting an online application. Candidates will be able to access the application form on the official website.

Step 1: Go to the official website of the Saraswat Cooperative Bank.

Step 2: Find the “Apply Online” link and click on it. A new page will display on the screen of the candidate. Fill in all of the needed information.

Step 3: Upload all of the papers listed on the application form in the proper format.

Step 4: Pay the appropriate fees.

Step 5: Double-check all of the information on the application before clicking the submit button.

Step 6: Take a printout of the application form for your records.

For a detailed application process, visit Saraswat Bank Exam 2023: Notification.

Saraswat Bank Exam 2023: Exam Centres

While filling out the application form candidates will need to specify the exam centre of their choice from the list of the following exam centres:

For various guidelines and instructions and details on how to choose an examination centre, visit Saraswat Bank Exam Centres 2023.

Saraswat Bank Exam 2023: Eligibility

To be able to take the Saraswat Bank Exam all candidates must meet the required eligibility conditions. The eligibility conditions atre given below:

For more detailed eligibility conditions and to know more about the age relaxation, candidates are advised to visit Saraswat Bank Exam 2023 Eligibility.

Saraswat Bank Exam 2023: Exam Pattern

The exam is conducted in two phases: an online written exam is followed by an interview. The online written exam is an objective type paper having four sections. The detailed exam pattern is given below:

The candidates who are able to qualify the written exam are called for the next phase, the interview. For various other details visit Sarawat Bank Exam 2023 Exam Pattern.

Saraswat Bank Exam 2023: Syllabus

The syllabus of the Sarswat Bank Junior Officer Bank Exam, like that of all other bank examinations, comprises of four subjects:

• Reasoning Ability and Computer Aptitude
• English
• General/ Financial Awareness 
• Quantitative Aptitude

The Saraswat Bank Exam has two parts: an online written exam and an interview. A minimum of 50% is necessary to advance to the second round, i.e. the interview. Only a few candidates will be permitted to participate in the interview process if they pass the online assessment. The merit list will be compiled based on how candidates fared throughout the interview process. Those who advance to the second round will be chosen for positions as junior officers in the bank. The merit list will be posted on the Bank’s website.

For a detailed syllabus of the exam, visit Saraswat Bank Exam 2023 Syllabus.

Saraswat Bank Exam 2023: Exam Dates

The official 2023 notification has been released and the last date to fill application is 8th April 2023.

For more detailed information on the Saraswat Bank Exam Dates 2023, visit the linked article.

Saraswat Bank Exam 2023: Admit Card

After the application procedure is completed, Saraswat Bank Admit Card 2023 will be available on the Saraswat Bank’s official website. The Saraswat bank admit card/hall ticket is a required document for all applicants who have applied for the examination. Candidates can get their hall tickets by providing their registration number and password.

After downloading, look for the following information on the Admit Card:

• Name of the Candidate
• The birthdate
• Date of the examination
• The exam’s reporting time
• Examining Center’s Name
• Photograph
• Registration number

Important documents to bring to the test hall, such as a photograph and a hard copy of the admission card, as well as any of the following ID proofs:

• Voter ID
• Aadhaar Card
• PAN Card
• Passport
• Driving License
• Employee ID
• Any other ID proof issued by a Government

The full procedure to download the admit card and some important points to remember with respect to the admit card is given in the Saraswat Bank Exam 2023 Admit Card. Visit the link for detailed information.

Saraswat Bank Exam 2023: Cut-Off

To qualify for the Saraswat Bank Junior Officer recruitment written test, candidates must obtain the minimum qualifying marks. Candidates who do not get the required minimum marks in the written test will not be considered for the next step of the hiring process. To be eligible for an interview in all categories, the minimum qualifying result for the written exam is 50%, or 100 marks. Aside from that, applicants must pass the sectional cut-off for each of the four sections.

There are different factors like the number of candidates who appeared, the difficulty level of the exam and the number of vacancies that decides the cut-off marks for that particular year. Candidates can check the procedure to calculate their marks and the sectional and overall cut-off for previous years’ by visiting the Saraswat Bank Exam Cut-Off 2023.

Saraswat Bank Exam 2023: Results

The Saraswat Exam Results will be available after completion of the written examination, on the official website. The candidates who qualify this stage will be called for the interview stage. After completion of the interview round the final result will also be available on the official website of the Saraswat bank. Only the candidates who will qualify in both rounds will be selected for the position of Junior Officer in the Saraswat Bank.

The Saraswat Bank’s merit list for junior officer posts will be published on the bank’s official website. The Saraswat Bank merit list will be given based on the results of both the written test and the interview. To be considered for the Saraswat Bank interview round, you must score at least 50% on the online written test. The final merit list for the Saraswat Bank junior officer 2023 test will be published following the interviews.

The detailed process to download the result and check the final result is given in the Saraswat Bank Exam Results 2023.

Saraswat Bank Exam 2023: Salary

During their tenure, Saraswat Bank Business Development Officers are paid a good salary as well as additional perks. According to the most recent Seventh Pay Commission, the basic salary of a Junior Officer is INR 21,620 per month (probation period). After the probation term is completed and allowances are added to the compensation, the monthly salary is INR 23,300. After confirmation, the yearly remuneration granted would be around 3.57 lacs. 

Performance-based incentives will be granted to applicants who reach the marketing/sales objective. Before joining Saraswat Bank, selected individuals must sign a minimum 2-year bond with the bank or pay INR 50,000.

When an employee becomes a permanent employee of the bank, that is, when their probation term finishes, that is when they begin receiving additional perks from the bank. The following are the additional perks provided to Saraswat Bank permanent employees:

• Employees are provided a stipend for their housing rent, if they have one.
• In addition, a Dearness allowance is provided. Dearness allowance is an allowance granted by government organisations in response of inflation.
• Employees’ work-related travel expenses are also covered by the bank.

Saraswat Bank Exam 2023: Books

Selecting the right study material to prepare for any competitive exam is utmost important. The right books can make or break a candidates chance of getting selected. For candidates reference the following books are selected as a smart pick for the preparation of the exam.

Candidates can get a detailed list of the books for the exam and other relevant sources by visiting the Saraswat Bank Junior Officer Books

Saraswat Bank Exam 2023: Answer Key

The answer key of the exam is made available a few days after the completion of the exam. The solution key is available on Saraswat Bank’s official website. The Saraswat Bank Exam Answer Key is given in the form of A, B, C and D, with the right option next to the question number. The questions can be checked by awarding 1 mark for each correct answer and deducting 0.25 marks for each incorrect response.

Candidates appearing for bank exams should sharpen their current affairs knowledge by taking multiple current affairs quizzes.

Saraswat Bank Exam 2023: Previous Years’ Papers

Candidates can go through the previous years’ papers to have an idea about the types of questions asked in the exam. Practising with the previous year’s papers helps to understand the pattern of the exam, and also increases the speed of attempting the paper. Candidates can get the Saraswat Bank Exams PYQs on the official website of the bank.

Click on the linked article to learn more about the many upcoming bank exams, key bank exam dates, and other vital information.

This is all about the Saraswat Bank Exam Eligibility for the post of Junior Officer. For any further updates, study material or notes about the other Bank Exams, candidates can turn to BYJU’S for assistance.

Aspirants can also check the exam pattern and section-wise syllabus for the various bank exam at the links given below: