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

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SBI Clerk vs IBPS Clerk Job Description Salary Career Comparison

SBI Clerk vs IBPS Clerk: The Banking Sector has always attracted millions of aspirants every year into pursuing a professional career as a Clerk, Probationary Officer, Management Trainee or Specialist Officer. Are you interested in building a career in banking? Following our job comparison articles, we present a detailed analysis of SBI Clerk and IBPS Clerk in terms of job profile, responsibilities, pay scale, perks, work environment and career progression. If you are looking for clerical posts, read this article for SBI Clerk vs IBPS Clerk thoroughly.     

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Through this article, we wish to point out the basic difference between pursuing a career in SBI Clerk and IBPS Clerk. The various comparative scale might help you prepare and pursue a career of your choice in the banking industry.

 

SBI Clerk vs IBPS Clerk – Job Profile

Let us begin our comparative scales by talking in detail about job descriptions of both IBPS Clerk and SBI Clerk. This will help us understand the key responsibilities and tasks associated with each job post.  

SBI Clerk Job Description – Major Tasks and Duties

SBI Clerk has made a few changes in the selection pattern this year. First of all, it is now called SBI Junior Associate Recruitment Examination. The selection process includes Prelims and Mains Examination. Interview Round is still not decided. 

There main objective/ job role of an SBI Clerk is to guide and assist customers, civilians and probable clients through the various banking processes. They need to highly trained and confident to answer each and every query put forward. The various set of tasks assigned are as follows

  • 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 – Major Tasks and Duties

The Recruitment Process of an IBPS Clerk has been implied to written examinations only. A Prelims and Mains Exam will be conducted and on the basis on marks secured in Mains, the merit list will be prepared.

Similar to the job profile of an SBI Clerk, an IBPS Clerk has a similar job profile.

  • 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

In addition to the duties of clerical cadre, Agriculture Assistant’s duties will work in the issues related to agriculture.

 

SBI Clerk vs IBPS Clerk – Pay Scale

For an employee in any industry, Salary, Pay Scale and Perks play a very crucial role. However, in this particular case of SBI Clerk and IBPS Clerk Salary Comparison, it might not be as important as you think.

The main reason might be because the Pay Scale of IBPS Clerk and SBI Clerk is almost similar. Following is the pay scale for Clerical Cadre.

Rs. 11765 – (655×3) – 13730 – (815×3) – 16175 – (980×4) – 20095 – (1145×7) – 28110 – (2120×1) – 30230 – (1310×1) – 31540

To elaborate on this Pay Scale further

  • Rs. 11,765 is the Basic Pay
  • Rs. 655 shows the fixed increment and is consecutive for 3 years annually that cumulates the basic to 13730 and scales up the designation as well

The Pay Scale can be analysed in this manner. The Perks and Allowances are as follows. 

  • Dearness Allowance (39.4% of Basic)
  • HRA depending upon the City (7-9% of the Basic)
  • Special Allowance (7.5% for Clerks)

The Pay Band for both the SBI Clerk and IBPS Clerk is the same and usually rounds up to Rs. 18,100 – 19,800 per month.

But SBI offers an additional allowance to its employee that gives an amount of Rs 2000/- extra benefit that enhances the salary to approx Rs. 20,100 – 21,800

Another difference in salary is in the timely increment of in-hand salary, which can scale upto Rs. 50,000 per month approximately in case of most Public Sector Banks under IBPS and Rs. 54,000 – 55,000 per month in case of SBI Clerk working in the State Bank of India.

 

SBI Clerk vs IBPS Clerk – Work Environment 

The job profile and salary of both SBI and IBPS Clerk are quite familiar, with SBI taking the lead only by an inch. In this section, we will first discuss the general work environment and major issues faced by an IBPS Clerk as well as an SBI Clerk. It is necessary to understand the expanse of a career you wish to pursue before you pursue it.

IBPS Clerk Work Culture

As a Clerical Rookie, you will be assigned a number of tasks, which might be time oriented. Hence, initially you might feel a little pressurized by the amount of work load. But in time, you can easily adjust to the work schedule and be quite relaxed. The working hours are fixed and you can leave as per your normal working hours.

SBI Clerk Work Culture

In case of State Bank of India, gear up for a challenging day for a long time. Remember that extra salary paid above in case of SBI Clerk? This is what you were paid for.

You will be assigned multiple tasks on a daily basis and the work only intensifies in the days to come. Most people get used to it in a few months.

Hence, in case of work pressure, a career as an SBI Clerk will be more challenging. We now move to our final section. It might be the most important one. What does the job has in store in the future? Let us see.

 

SBI Clerk vs IBPS Clerk – Career Prospects

We will talk about SBI Clerk first, followed by career prospects of an IBPS Clerk. Career Prospects include job promotions, benefits, minimum time between promotions and job skills acquired. Lets get straight to it then.

The probation period of a bank clerk is normally six months. Clerks are also being given opportunities to get promotion into Officer Cadre just after 3-4 years of job. In case of State Bank of India, one can get opportunity to get promotion as a Trainee Officer after 3-4 years of job and once you get the promotion you are almost equivalent to that of a Probationary Officer.

After gaining 20-25 years of fulltime work experience in the same banking organisation, a Bank Clerk can reach upto a Senior Management Position. But, working in State Bank of India provides more exposure to a Bank Clerk in comparison to any other PSBs. As per a detailed analysis, over 60% of IBPS Clerk qualified candidates appear for SBI Clerk Recruitment Examination.

 

SBI Clerk vs IBPS Clerk – Final Verdict

We have compared both careers in various parameters which are essential to both job profiles. The common facts about both SBI and IBPS Clerk Jobs are

  1. Maximum Clerical Work is involved. You will be confined to a Desk Job.
  2. Marginal Chances of Termination or Suspension. Job Security in Prominent.
  3. A Bank Clerk has maximum chances to get promoted via departmental exams that occurs in almost every Public Sector bank as well as State Bank of India.

Calculating and Analysing all the facts and figures stated in this article, we can conclude that

  • Go for an SBI Clerk Career, if you are comfortable with extra work pressure and wish to earn more salary and compromise with job location and transfer.
  • Go for an IBPS Clerk Career, if you want a decent pay scale with limited amount work pressure and duties.

We hope this comparison helps you understand which to choose from SBI Clerk vs IBPS Clerk. If there are any further queries, please mention in the comment section below.

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