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Banking and Financial Services is set to grow exponentially in India as India’s economic development continues. Year after year millions of banking aspirants apply for clerical posts in various Public and Private Sector banks. Bank Clerk is an entry-level job that millions of aspirants hope to get and they are considered an integral part of the bank workforce as they are responsible for almost every task. Here is an attempt of a detailed comparative analysis of SBI Clerk Vs IBPS Clerk in terms of their Job profile, responsibilities, salary and career growth.
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SBI Clerk vs IBPS Clerk: Bank recruitment process
It takes around 6 to 8 months to complete the whole recruitment process after the notification. After the written exam, the results are published in a time frame of about 20 to 30 days. Once the written exam results are out the candidates are called for document verification process which may take about 30-45 days. While IBPS does the recruitment for most Public Sector Banks every year India’s own State Bank of India(SBI) recruits candidates towards Clerical Cadre for its different branches across the country. SBI Clerk is one of the most sought after bank exams among the aspirants and it draws lakhs of applicants every year.
Selection process
Both IBPS and SBI Clerk exams are held in two phases. Phase-I is called the Prelims and Phase-II is the main exam. However, in SBI Clerk, the exams are followed by an interview.
IBPS Clerk: Selection Procedure
The selection process of IBPS Clerk consists of 2 phases (preliminary and mains). The candidates must qualify each of them to go on to the next phase. The important steps of the IBPS Clerk Recruitment Procedure are as follows:
Online Preliminary Examination
Online Mains Examination
Final Result: The Final result is declared on the basis of the merit list in IBPS Clerk Mains Exam.
Provisional Allotment:
The provisional allotment of the eligible candidate is released on the official website. The IBPS allots Banks to the candidates on the basis of the preferences they have made at the time of the online registration.
IBPS plays a role in the selection process until the provisional selection of different banks. Further, the responsibility to inform the qualified candidates about their joining dates and procedures lies with the respective banks.
SBI Clerk: Selection Process
1: What does the acronym "ATM" stand for in banking?
The Selection Process of SBI Clerk is given below.
- Preliminary Online Examination
- Main Online Examination
- Personal Interview.
Prelims are qualifying in nature. So marks of prelims are not added in the final list of SBI Clerk recruitment. However, the SBI Clerk final result is based on the marks of mains examination from which merit list is prepared and the candidates in the merit list get the allotment accordingly.
Download Entri today to access mock tests and question papers to ace your bank exam!SBI Clerk vs IBPS Clerk: Education qualification
The education qualification is broadly the same in both the cases, except in IBPS Clerk you’re required to have additional knowledge in computers.
IBPS Clerk
Graduate in any discipline
Working knowledge of computers, certificate in computer operations and should have studied computers as one of the subjects in high school.
SBI Clerk
Graduate in any discipline or any equivalent qualification
SBI Clerk vs IBPS Clerk: Job profile & Responsibilities
In any bank, the clerks are the first checkpoint where customers can come and ask their queries. Task and Responsibilities of IBPS Clerk and SBI Clerk are the same. A Clerk performs most of the tasks in a bank. Filling the entries, handling all the cash transactions, handling the customers and solving their problems, etc. are all done by a Clerk.
IBPS Clerk:
After getting the provisional allotments, IBPS Clerks must join the allotted bank within the given time duration. Thereafter, the respected banks provide them training about the tasks that they need to perform while working as Bank Clerks. Those who complete their training successfully will be posted to the different branches of the concerned bank to survive and complete their next two years of probation. So, initially, IBPS Clerks are posted at Junior Level and after completing their 2 years of the probation period, they can be promoted to the upper level.
1. Document Verification
2. Managing Single Window Counter
3. Attending to Government Treasury Work
4. Update Pass Books
5. Issue Cash Receipts at Counters
6. Clearing and Transferring Cheques and Receipts as per request
7. Verification of Vernacular Signatures
SBI Clerk:
They are usually designated as cashiers and, depositors. Initially designated at Junior Level Grade and after completing their 6 months of training, they can be promoted to the Officer Level. To get the officer grade, they must qualify the Internal Exam conducted based on the structure decided throughout all the branches of the bank.
SBI Clerk vs IBPS Clerk: Salary Analysis
Every person dreams job a respectable job but also wishes for good remuneration. Therefore it is very important to analyze the salary of IBPS Clerks in comparison to the SBI Clerks. Here is a detailed look at the breakdown of the pay scale provided to the clerks.
| Factors | IBPS Clerk (INR) | SBI Clerk (INR) |
| Basic Pay | 11,765 – 31,540 | 11,765 – 31,540 |
| Special Allowance | 911.79 | 911.79 |
| Dearness Allowance(DA) | 45.60 % of Basic Pay |
45.60 % of Basic Pay |
| City Compensatory Allowance (CCA) | — | — |
| Transport Allowance (TA) | 425 | location based |
| House-Rent Allowance (HRA) | 1058 – 1176 | 800 – 1176 |
| In-Hand Salary | 18000 – 23000 | 20000 – 25000 |
The total initial pay of a bank clerk will be 18,100 to 19,800. SBI Bank Clerks get 2000 extra compared to other banks, hence the total initial pay is 20,100 to 21,800.
The increment scale is provided in the bracket.
Perks
Clerks, recruited from IBPS or SBI, have the following perks and allowances:
Dearness allowance: The DA is 39.4% of the basic pay (11,765) and is revised quarterly.
Special allowance: 7.75%
HRA: Depending on the posting, HRA can be 10% or 9% or 7.5%.
SBI Clerk vs IBPS Clerk – Work pressure
Compared to SBI Clerks, the work pressure is less for IBPS Clerks working in PSBs. They are assigned time oriented tasks. There might be pressure initially due to more work, but in time the employees will get used to the work schedule and feel relaxed. The working hours are fixed.
In case of SBI Clerk, you will be assigned a lot of work on a daily basis and the work intensifies with time. The work is more challenging compared to IBPS Clerks.
SBI Clerk vs IBPS Clerk: Posting
IBPS Clerk
Since most PSBs have a lesser number of branches across the country compared to SBI, the chances of getting posted near your home/native place are less.
SBI Clerk
SBI has a vast outreach compared to other PSB’s, you will find an SBI at every nook and corner across the country, hence you can be posted anywhere in the country. On the flip side, chances of you getting posted increases because of a number of branches.
SBI Clerk vs IBPS Clerk: Career growth
IBPS Clerk
The Bank Clerk will be promoted to Officer Cadre in 3-4 years. The clerks can reach the Senior Management position after 20-25 years of working.
SBI Clerk
There is a high chance of getting promoted as a Trainee Officer in just 3-4 years. Trainee Officer is equivalent to Probationary Officer. Working in SBI provides more exposure compared to other PSBs.
We’d recommend IBPS Clerk for those who want a job with a decent salary, job security and limited work pressure and responsibilities and SBI Clerk for aspirants looking for a challenging job, who can cope with extra work pressure, wish to earn more and reach a high position in lesser time.
Recruitment Factors Analysis of IBPS Clerk vs SBI Clerk
It is very important to be aware of the recruitment factors for an exam before you are preparing to sit for it. All those who have appeared for the SBI Clerk exams are already aware of the process. This year the exams patterns have changed with the inclusion of sectional timing, hence we expect the same to be included in IBPS Clerk 2018 also.
ANALYSIS
| Recruitment Factors | IBPS Clerk | SBI Clerk |
| Vacancies | 12074 | approx 8653 post |
| Pattern of Selection Procedure | IBPS Prelims + Mains | SBI Prelims + Mains |
| Exam Pattern (Prelims) | Language, Numerical, ReasoningTime: Subjected to change on 2018 | English, Numerical, ReasoningTime: 20 mins each section |
| Exam Pattern (Mains) | 4 Sections(Aptitude, Reasoning, GK & English)
Time: overall 160 Mins (Subjected to change) |
5 Sections(Aptitude, Reasoning, GK and awareness, English & Computer Knowledge)
Time: 160 Mins (separate timing for each section) |
| LAST HELD EXAM | SBI Clerk Prelims Exam on 22nd and 23rd June 2019.
SBI Clerk Mains Exam on 22nd and 23rd June 2019. |
|
| FUTURE EXAM | Prelims 07, 08, 14,21 December Main 19 Jan 2020 |
Provisional Allotment April 2020 |
| Application Process | Similar | Similar |
| Final Selection | Based on Mains result | Based on Mains result |
In conclusion, hope the above comparison helps you understand the major differences and make the right career choice. Diligence is the key ingredient to success. Careful planning and preparation will help towards success in cracking the bank exam. It goes without saying that success at any exam needs a thorough preparation Things can change every year. In addition staying abreast of updates to the exam syllabus and pattern, thorough understanding of concepts, and the most important of them all, attempting several mock tests is the key to success!.
Download Entri today to access mock tests and question papers to ace your bank exam!
