IBPS Legal Officer
The IBPS Legal Officer exam is conducted by the Institute of Banking Personnel Selection (IBPS) to recruit qualified law graduates into the banking sector as Legal Officers. This position holds significant importance as Legal Officers provide crucial legal expertise, ensuring that the bank’s operations comply with laws and regulations. The job involves drafting legal documents, managing litigation cases, offering legal advice to various departments, and ensuring overall legal compliance.
OVERVIEW: HSSC Durga Shakti Paper
The IBPS Legal Officer exam is conducted by the Institute of Banking Personnel Selection (IBPS) to recruit qualified law graduates into the banking sector as Legal Officers. This position holds significant importance as Legal Officers provide crucial legal expertise, ensuring that the bank’s operations comply with laws and regulations. The job involves drafting legal documents, managing litigation cases, offering legal advice to various departments, and ensuring overall legal compliance.
To be eligible for the IBPS Legal Officer position, candidates must hold a law degree and meet specific age and experience criteria as outlined in the official notification. The selection process typically includes preliminary and main exams, followed by an interview. The syllabus for the exam covers a range of topics, including banking and financial law, general awareness related to the banking industry, and reasoning ability.
A successful Legal Officer career offers excellent opportunities for growth and stability within the banking sector. With the right preparation, candidates can secure a rewarding position and contribute significantly to the legal framework of the bank.
Exam Pattern: IBPS Legal Officer
The IBPS Legal Officer exam is conducted by the Institute of Banking Personnel Selection (IBPS) to recruit law graduates for the role of Legal Officer in various banks. The selection process consists of three stages: the Preliminary Exam, the Main Exam, and the Interview.
Preliminary Exam:
The Preliminary Exam is conducted online and includes three sections: Reasoning Ability (50 Questions, 50 Marks), English Language (50 Questions, 25 Marks), and General Awareness with special reference to the Banking Industry (50 Questions, 50 Marks). The total duration of the exam is 2 hours. Candidates need to clear sectional as well as overall cut-offs to move forward.
Main Exam:
The Main Exam focuses on Professional Knowledge related to law, including banking laws, corporate laws, and financial regulations. This section contains 60 questions for a total of 60 marks, and candidates are given 45 minutes to complete the exam. There is a negative marking scheme for wrong answers in both the preliminary and main exams.
Interview:
Candidates who qualify for the Main Exam are shortlisted for an Interview. This stage evaluates their legal knowledge, communication skills, and overall suitability for the role of a Legal Officer. The Interview carries 100 marks, and the final merit list is prepared by giving 80% weightage to the Main Exam score and 20% to the Interview score.
Successfully passing these stages enables candidates to secure a rewarding role as a Legal Officer, contributing to the legal framework and compliance of the banking institution they represent.
Eligibility Criteria: HSSC Durga Shakti Exam
The eligibility criteria for the IBPS Legal Officer exam are specific and set by the Institute of Banking Personnel Selection (IBPS). Candidates must meet the following requirements to be eligible for the Legal Officer position:
1. Educational Qualification:
- Law Degree (LLB): Candidates must possess a Bachelor’s degree in Law (LLB) from a recognized university.
- Enrolled as an Advocate: In addition to holding a law degree, candidates should be enrolled as advocates with the Bar Council of India.
- A specialization in banking laws, corporate laws, or financial regulations, though not mandatory, is often advantageous in understanding the demands of the role.
2. Age Limit:
- The minimum age limit for candidates is 20 years, and the maximum age limit is 30 years.
- Age Relaxation: Age relaxation is provided to candidates belonging to certain categories:
- SC/ST: 5 years
- OBC: 3 years
- Persons with Disabilities (PWD): 10 years
- Ex-Servicemen, Persons affected by 1984 riots, and others as specified: Varies by category
3. Experience (if applicable):
While not mandatory for all candidates, some banks may prefer candidates with prior legal experience in the banking sector or experience practicing law as an advocate.
4. Nationality:
- The candidate must be a citizen of India.
- Subjects of Nepal, Bhutan, or Tibetan refugees who came to India before 1st January 1962, or people of Indian origin who have migrated from specified countries, are also eligible under certain conditions.
These criteria ensure that candidates are professionally qualified and eligible to serve as Legal Officers in the banking sector.1
Subject Covered in paper
The IBPS Legal Officer exam covers a range of subjects aimed at testing the candidate’s professional knowledge in law, particularly in relation to the banking sector. Below are the key subjects covered:
1. Banking Laws and Regulations:
- Banking Regulation Act, 1949
- Negotiable Instruments Act, 1881
- Reserve Bank of India Act, 1934
- SARFAESI Act, 2002 (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act)
- Prevention of Money Laundering Act, 2002
- FEMA (Foreign Exchange Management Act), 1999
- Basel III Norms and Banking Codes
2. Corporate and Commercial Laws:
- Companies Act, 2013
- Securities and Exchange Board of India (SEBI) Act, 1992
- Contract Act, 1872
- Insolvency and Bankruptcy Code (IBC), 2016
- Competition Act, 2002
3. Civil and Criminal Laws:
- Indian Penal Code (IPC), 1860
- Code of Criminal Procedure (CrPC), 1973
- Code of Civil Procedure (CPC), 1908
- Law of Evidence
- Transfer of Property Act, 1882
4. Financial Laws and Regulations:
- Income Tax Act, 1961
- Goods and Services Tax (GST) Law
- Financial Services Regulations
- Prevention of Corruption Act, 1988
5. Legal Aspects of Banking:
- Debt Recovery Tribunal (DRT)
- Banking Ombudsman Scheme
- Anti-Money Laundering (AML)
- Know Your Customer (KYC) Guidelines
These subjects are critical for the legal management of banking and financial operations, ensuring that candidates are well-versed in the legal frameworks governing the industry
Benefits of IBPS Legal Officer
The IBPS Legal Officer exam covers a range of subjects aimed at testing the candidate’s professional knowledge in law, particularly in relation to the banking sector. Below are the key subjects covered:
1. Banking Laws and Regulations:
- Banking Regulation Act, 1949
- Negotiable Instruments Act, 1881
- Reserve Bank of India Act, 1934
- SARFAESI Act, 2002 (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act)
- Prevention of Money Laundering Act, 2002
- FEMA (Foreign Exchange Management Act), 1999
- Basel III Norms and Banking Codes
2. Corporate and Commercial Laws:
- Companies Act, 2013
- Securities and Exchange Board of India (SEBI) Act, 1992
- Contract Act, 1872
- Insolvency and Bankruptcy Code (IBC), 2016
- Competition Act, 2002
3. Civil and Criminal Laws:
- Indian Penal Code (IPC), 1860
- Code of Criminal Procedure (CrPC), 1973
- Code of Civil Procedure (CPC), 1908
- Law of Evidence
- Transfer of Property Act, 1882
4. Financial Laws and Regulations:
- Income Tax Act, 1961
- Goods and Services Tax (GST) Law
- Financial Services Regulations
- Prevention of Corruption Act, 1988
5. Legal Aspects of Banking:
- Debt Recovery Tribunal (DRT)
- Banking Ombudsman Scheme
- Anti-Money Laundering (AML)
- Know Your Customer (KYC) Guidelines
These subjects are critical for the legal management of banking and financial operations, ensuring that candidates are well-versed in the legal frameworks governing the industry.’
FAQ's
The exam covers General Awareness, General Science, Mathematics, Reasoning Ability, Computer Knowledge, and Haryana General Knowledge.
Candidates need to apply online through the official HSSC website during the application period. They must fill out the application form, upload necessary documents, and pay the application fee as per the instructions provided.
The selection process includes a written exam, physical measurement test, physical screening test, and document verification.
No, there is no negative marking for incorrect answers in the HSSC Durga Shakti Exam.