How Much Does It Cost to Study for Bank PO?

If you aspire to join the banking sector as a Probationary Officer (PO) in India, you may wonder about the cost associated with preparing for the Bank PO exams. Pursuing a career in the banking industry requires diligent preparation and a solid understanding of the examination process. In this article, we will explore the various aspects that contribute to the cost of studying for Bank PO exams in India.

1. Coaching Institutes: One of the popular options for Bank PO exam preparation is joining a coaching institute. These institutes provide structured study material, experienced faculty, and a competitive environment. However, they come at a cost. The fees for coaching institutes can range from INR 15,000 to INR 50,000, depending on the reputation and location of the institute.
2. Study Materials and Books: Apart from coaching institutes, many candidates prefer self-study using books and study materials. The cost of study materials, including books, mock tests, and online resources, can vary. On average, candidates may need to spend around INR 5,000 to INR 10,000 on study materials, depending on the quality and quantity of resources chosen.
3. Online Learning Platforms: With the rise of digital education, online learning platforms have become increasingly popular among Bank PO aspirants. These platforms offer video lectures, practice tests, and doubt-clearing sessions. The cost of subscribing to such platforms can range from INR 5,000 to INR 20,000, depending on the duration of access and the features provided.
4. Exam Application Fees: To appear for the Bank PO exams, candidates must pay the application fees. The fees vary depending on the bank and category (general, OBC, SC/ST, etc.). On average, the application fees range from INR 600 to INR 1,500 per bank exam.
5. Accommodation and Living Expenses: For candidates who choose to attend coaching institutes in different cities or relocate to a different location for focused preparation, accommodation and living expenses become significant factors. The cost of rent, food, transportation, and other necessities can vary widely depending on the city and lifestyle. On average, candidates may need to allocate around INR 10,000 to INR 20,000 per month for these expenses.

Preparing for Bank PO Exams in India requires a financial investment. The cost includes coaching institute fees, study materials, online learning platforms, exam application fees, and accommodation/living expenses. While the total cost may vary depending on individual choices and circumstances, a rough estimate suggests that aspiring Bank PO candidates should budget around INR 30,000 to INR 70,000 for their preparation. It is crucial to consider these costs and plan your finances accordingly to ensure a smooth and focused preparation journey toward a rewarding career in the banking sector.