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Banking sector is one of the most sought department among the youth these days. With every passing years the banking sectors are increasing the number of vacancies. Along with the increased vacancies the competition is also getting intensified. RBI Assistant and IBPS PO are the two popular exams that are very much in demand among the aspirants. Even though RBI Assistant is a clerical cadre exam and IBPS PO is an officer level exam there is no difference in the popularity of the exam. Both these exams have its own benefits hence both are equally sought by the aspirants. RBI has announced a vacancy of 926 vacancies for RBI Assistant posts in 2020 and IBPS PO has announced a vacancy of 4336 vacancies in 2019. The application for IBPS PO exam is already closed. The RBI Assistant exam is scheduled to take place on 14th & 15th Feb 2020. In this article we will provide you a brief comparison on RBI Assistant and IBPS PO services.
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In this article we will discuss the main areas that needs comparison study. By the end of the article you will be able to analyse the differences of RBI assistant and IBPS PO services and understand the exams better. The key areas that will be analysed are
- Basic Details
- Salary and allowances
- Selection Process and Exam pattern
- Job Profile and responsibilities
- Career growth and Work Culture
1. RBI Assistant vs IBPS PO- Basic Details
| Parameters | RBI Assistant | IBPS PO |
| Conducting Body | Reserve Bank of India | Institute of Banking Personnel Selection
|
| Post | Assistant
Clerical Level |
Probationary Officer
Officer Level |
| Participating Organisations
|
Reserve Bank of India | 21 Banks |
| Exam Mode | Online | Online |
| Selection Stages | 3 stages
Prelims, Mains, Language Proficiency Test |
3 stages
Prelims, Mains Interviews |
2. RBI Assistant vs IBPS PO- Salary and Allowances
1: What does the acronym "ATM" stand for in banking?
Both the exams provides its own perks and allowances to the employees. Below tabulated are the parameters that are necessary for the aspirants to be cognizant with before coming to conclusion on selection of the exam.
| Parameters | RBI Assistant | IBPS PO |
| Basic pay | Rs. 13150/- per month | Rs. 23700 /- per month |
| Allowances | Housing Accommodation,
Leave travel concessions for employee’s family once every two years, Book grant, briefcase and newspaper, Interest free festival advance, Loans at concessional rates for housing, car, education, consumer articles and for personal computer etc. |
House Rent Allowance,
City compensatory allowance, Special allowance, Dearness allowance. |
| Accommodation | As per availability | Official Bank Accommodation /Bank Quarter |
| Reimbursement | Reimbursement of vehicle maintenance expense,
Reimbursement of medical expense for OPD treatments and hospitalization |
For newspapers |
| pension | Under the New Pension Scheme | Under the New Pension Scheme |
3. RBI Assistant vs IBPS PO- Selection Procedure and Exam Pattern
Let us check in detail each phases of the selection procedure.
a. RBI Assistant vs IBPS PO- Preliminary examination
| Parameters | RBI Assistant | IBPS PO |
| Subjects | English Language
Reasoning Numerical Ability
|
English Language
Quantitative Aptitude Reasoning Ability
|
| Duration | 20 minutes for each subject.
Total 1 hour |
20 minutes for each subject.
Total 1 hour |
| Mode
|
Objective | Objective |
| Number of Questions | English Language – 30
Reasoning – 35 Numerical Ability- 35
Total 100 questions
|
English Language – 30
Quantitative Aptitude- 35 Reasoning Ability- 35
Total 100 questions
|
| Total Marks | English Language – 30 marks
Reasoning – 35 marks Numerical Ability- 35 marks
Total 100 marks
|
English Language – 30 marks
Quantitative Aptitude- 35 marks Reasoning Ability- 35 marks
Total 100 marks
|
| Negative Marking | 0.25 marks will be deducted for one wrong answer | 0.25 marks will be deducted for one wrong answer |
| Cut Off | Candidates have to clear overall cut off to appear for the next level | Candidates have to clear sectional cut off and overall cut off to appear for the next level |
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b. RBI Assistant vs IBPS PO- Mains examination
| Parameters | RBI Assistant | IBPS PO |
| Subjects | Test of English language
Test of Reasoning Test Of Computer Knowledge Test Of General Awareness Test Of Numerical Ability |
Reasoning & Computer Aptitude
English Language Data Analysis & Interpretation General/ Economy/ Banking Awareness Descriptive English
|
| Mode | Objective | Objective with one subject descriptive |
| Duration | 135 minutes | 3 Hours for objective
30 minutes for descriptive
|
| Total Marks | 200 marks with 40 marks for each subject | 200 marks for objective
25 marks for descriptive Total 225 |
| Number of questions | 200 questions with 40 questions for each subject | 155 questions in objective
2 questions in descriptive English
|
After the candidate qualifies the main exam there is one more exam for both RBI Assistant and IBPS PO.The details are given below.
| Test Details | RBI Assistant | IBPS PO |
| Name of the test | Language Proficiency Test | Interview |
| Description | The language proficiency test will be conducted in the Official / Local Language of the State concerned.
Candidate not proficient in the Official / Local Language shall be disqualified.
|
The total marks assigned to the interview stage is 100.
The minimum qualifying marks are 40% for general candidates and 35% for SC/ST/OBC. The ratio of main exam and interview for final merit list will be 80:20.
|
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4. RBI Assistant vs IBPS PO- Job Profile and Responsibilities
| RBI Assistant Job Profile | IBPS PO Job profile |
| Verification of both Banking & Non-Banking documents | During probation period of 2 years, the bank PO performs almost all kind of bank related activities i.e. from passing a cheque, draft issuance to recommending loan request to his superior. This is done to get them acquainted with various working aspects of the bank.
|
| Collection of receipts, maintenance of files, ledger and balance tally etc. | After successful completion of the probation period, he is posted in the respective bank branch as an Assistant Manager where he gets to implement his knowledge & ideas.
|
| Data entry | IBPS POs are responsible for getting new business to the Bank |
| Respond to RTI queries | Accounts and cash handling |
| Replying and maintaining email logs | Handle various departments & coordinate work among department |
| Initiation of Office Notes belonging to various centres | Processing of loans and reporting & verification |
| To ensure about the financial stability | Authorize and generate Reports |
| To regulate currency and its circulation and any issue associated with the said term. | The Bank Assistant Manager work as public relations officer, handle customer complaints and solve various customer related issues such as discrepancies in accounts, rectification of undue charges and look into complaints regarding services provided by the bank.
|
| Responsibilities related to government treasury work. | Manage the job at the front desk |
| Verification of various banking documents | Supervision of the activities of the assistants |
| Entering the daily transaction in computer and maintaining the fair record of the same |
5. RBI Assistant vs IBPS PO- Career Growth and Work Culture
Given below is the details of the promotion of both the exams.
| RBI Assistant | IBPS PO |
| Grade A Officer (Assistant Manager) | Manager (Scale II) |
| Grade B Officer (Managerial Level) | Senior Manager (Scale III) |
| Grade C (Assistant General Manager) | Chief Manager (Scale IV) |
| Grade D (Deputy General Manager) | AGM (Scale V) |
| Grade E (General Manager) | DGM (Scale VI) |
| Grade F (Deputy Governor) |
Tabulated below are the work culture involved in both the sectors
| Work Culture | RBI Assistant | IBPS PO |
| Transfer | Once in 5 years | Every 2 years |
| Postings | Only urban area | Urban and rural areas |
| Work pressure | Comparatively less stressful | Tremendous hard work required |
| Working days and Timings | 5 days a week from 9:15 am to 5:15 pm | Timings will be based on work deadlines |
Conclusion:
We hope that through this article you were able to understand both the sectors that is RBI Assistant and IBPS PO very well in different aspects. The clear analysis was done and now it’s up to the candidate to analyse each of the factors in both the sectors of Bank jobs and decide to choose the best career choice for him/her. Avoid confusion, Decide wisely and start preparing for the examination.
“Sometimes you make the right decision or sometimes you make the decision right”
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