Government jobs are the dream of every person. Among that, a banking career is the most anticipated job by lakhs of aspirants. While coming to the situation of choosing a job among these wide options of government jobs, candidates often get confused. So, in this article, we are with a detailed comparison, covering all aspects, of the bank and government job.
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Bank Vs Government Jobs
Here, we can discuss and rule out comparisons between bank career and government job. Aspirants can decide their career path after reading and understanding these. A government job is demanded and first preference by every person due to its job and financial security.
Bank Jobs
Firstly, let us check the banking jobs in India. Various Public and Private sector banks select candidates every year. The IBPS, SBI, RRB recruitment are the most important ones. Usually, recruitment is to Probationary Officer (PO) and Clerical posts.
Salary
| Posts | Basic Pay(Rs) | In-hand Salary(App. in Rs) |
| IBPS PO | 23,700 | 36,570 |
| SBI PO | 27,620 | 42,020 |
| RRB PO | 23,700 | 45,000 |
| IBPS Clerk | 13,075 | 23,000 |
| SBI Clerk | 13,370 | 23,500 |
| RRB Clerk | 13,000 | 20,000 |
Career Growth and Promotions
The bank officers will be in charge of issuing cheques, loans, etc. The career will be challenging and workload will be high for PO than that for the clerical posts. There will not be a defined working hour- it can change accordingly. Transfers will be based on promotions. The career growth of a PO will be:
Probationary Officer- Deputy Manager- Manager- Chief Manager- Assistant General Manager- Deputy General Manager- General Manager- Chief General Manager.
Many other benefits are also available for the employees like medical insurance allowances etc.
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RBI Officer
The Reserve Bank of India is the regulator of all the banks in India. RBI conducts examinations for two posts- RBI Grade B Officer and RBI Assistant Officer.
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Salary
| Posts | Basic Pay(Rs) | In-hand Salary(App. in Rs) |
| RBI Grade B Officer | 35,150 | 67,000 |
| RBI Assistant Officer | 8040 | 24,500 |
Career Growth and Promotions
The working atmosphere and job profile are comparatively easier than the PSB’s. Only some banking-related matters have to be performed. And all these will be related to the job nature.
Governor-Deputy Governor-Executive Governor- Principal Chief General Manager – Chief General Manager – Deputy General Manager – Assistant General Manager- Manager/Grade B Officer- Assistant Manager – Assistant.
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Government Jobs
SSC CGL Post
While the banking and RBI recruitments are faster, the SSC recruitments are somewhat time-consuming. This alone makes a negative feeling for the candidates. But, the job nature will be easy depending on the department and post of selection.
Salary
Group A and B Posts after the 7th Pay commission:
- Basic Pay- Rs. 44,900 to Rs. 47,600/-.
Career Growth and Promotions
The posts include Assistant Enforcement Officer, Assistant in CBI, Assistant Audit Officer, Income Tax Inspector, etc. The promotions will be less compared to banking. And the internal department exams will help the candidates for the promotions.
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Public Sector Units (PSU)
Includes companies in Public undertaking, like:
Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), National Thermal Power Corporation Limited (NTPC), Coal India Limited (CIL), Steel Authority of India (SAIL), Bharat Petroleum Corporation Limited (BPCL), Gas Authority of India Limited (GAIL), Hindustan Petroleum Corporation Limited (HPCL), Oil India Limited (OIL), Power Grid Corporation of India Limited (PGCIL), Hindustan Aeronautics Limited (HAL), National Mineral Development Corporation Limited (NMDC), Power Finance Corporation Limited, National Aluminum Company Limited (NALCO), Airport Authority Of India Limited (AAI), Nuclear Power Corporation of India Limited (NPCIL), Mineral Exploration Corporation Limited
Salary
Rs. 60,000-1,80,000/-
UPSC Posts
Union Public Services Commission (UPSC) is the central government body recruiting candidates to various posts under the central government across the country. This includes:
- All India Civil Services
- Group ‘A’ Civil Services
- Group ‘B’ Civil Services
Salary
The salary package follows the 7th pay commission.
- IAS- Rs. 56100 to Rs.2,50,000/-
- IPS- Rs. 39000 to Rs. 2,12,650/-
- IFS- Rs 12750 to Rs 90,000/-
Career Growth and Promotions
Career growth can be according to the service period. Those who joined in the 24-28 can be promoted to the topmost positions. The command of the job is highly appreciable among the public.
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State Public Service Commissions (State PSC)
The State-wise Public Service Commission recruits candidates to the departments under the State Government.
Salary
Pay Band: PB-3 (15600-39100)
Grade Pay: 5400
Basic Salary: 15600
Career Growth and Promotions
The promotions are dependent on seniority and based on the performance in the departmental tests and the educational qualifications. The district-wise job can be at your home-town and transfer will be available if it is far.
Railway Officer
The Indian Railways are the world’s largest employers. It conducts recruitment examinations for various posts from Group D to Group B. Group A posts’ recruitment is conducted by the UPSC. Some of the Group B posts are:
Sr.Section Engineer, Junior Engineer, Depot Material Superintendent, Chemical Metallurgical Assistant.
Salary
- Class 1 / Group A officer- Rs. 80,000 – 90,000/-
- Group B officers- Rs. 50,000/-
Career Growth and Promotions
The group A and group B are the official cadre posts. The medical staff, engineering staff, and the officials come under group A and group B. The exams for group A are conducted by Union Service Public Commission. The promotion is related to seniority in the service. These are transferable jobs. Some work shifts can hinder family life. But many other benefits of a central government job can be enjoyed.
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I hope, you have benefited from the article. And had an understanding of all aspects of the bank and government job. Every job has its own merits and demerits. And at last, there is nothing like this job is good or bad. But. it is the appreciation of the candidates for a particular job. Try your maximum for bank and other government jobs and boost preparations through Entri unlimited courses.
All the best!
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