SBI Clerk vs IBPS Clerk – Job, Salary, Career Comparison

SBI Clerk vs IBPS Clerk – Job, Salary, Career Comparison

Most of the graduates of present time are showing interest in banking sector jobs.   The main reason behind the interest is undoubtedly due to the security offering by bank jobs and good pay scale.  IBPS banks and SBI are most popular exams taken by scores of aspirants.  After completing graduation many graduates are looking for bank jobs.  It not only attracted the youth, but also the people who are jobless.  Many jobless people are getting jobs and settling in bank jobs lately.  There are many aspects like job profile, salary, career etc in the respective banks before applying for the job.

There are many posts like Clerks, Probationary Officers, Management Trainee and Specialist Officer.  As SBI and IBPS are the only competing banks that conduct exams for the aforementioned posts, we have come up with the comparison in all the aspects of clerk post in both the banks.

SBI Clerk Vs IBPS Clerk

SBI Clerk Job Description

There were few changes in the selection procedure made by SBI in the Clerk category.  The clerks post is renamed as SBI Junior Associate.  The selection process is prelims followed by mains.   The discussions are on about interview round.  The role of JA is to guide and assist customers through various banking processes.  They should be capable of answering all the queries triggered by clients.  The job description includes:

• Document verification
• Manning single window counter
• Issue cash receipts at counters
• Verification of vernacular signatures
• Attending to government treasury work
• Clearing and transferring cheques and receipts as per request
• Update pass books

IBPS Clerk job description

The selection process of clerk will be prelims exam followed by mains exam.  The job description is same as SBI Clerk.

• Document verification
• Manning single window counter
• Issue cash receipts at counters
• Verification of vernacular signatures
• Attending to government treasury work
• Clearing and transferring cheques and receipts as per request
• Update pass books

Pay Scale

The pay scale of both the banks is almost same.

• The basic pay is Rs.11, 765.
• There will be fixed increment of Rs.655 annually.

The allowances are:

• Dear allowance (39.4% of basic)
• HRA, it depends on the area where the employee stays (7-9% of the basic)
• Special allowance (7.5% for clerks)

The pay scale for both the banks is similar and totals to Rs.18, 100 – 19,800 per month.  The only difference is the additional allowance that SBI provides to its employees which accounts to Rs 2000, which raises the pay scale to 21,800.

Work environment

IBPS Clerk

IBPS clerks will be assigned with so much work that needs to be completed in time.  Though you will feel pressurized at the start later everything gets normal.  There are pre-defined working hours and you can leave as per the timings.

SBI Clerk

You need to adopt multitasking capability to manage the work at SBI.  You will be assigned with lot of work.

Career Opportunities

SBI Vs IBPS

The probation period is six months.  The clerks will get the opportunity to get promoted to Trainee Officer after three to four years, which is equal designation to PO.  Slowly with years of experience the bank employee can reach to Senior Management Position.  Whereas a detailed analysis says that 60% of IBPS appearing candidates appear for SBI clerk recruitment examination.

Final report

Our final report is that, both IBPS and SBI has got its own set of pros.  If you are okay with pressure, you can enjoy the pleasure of getting goody pay by choosing SBI and if you are not okay with pressure at any cost then you can go for IBPS Banks.  We did our bit; it’s time for you to do your bit by choosing the right bank.