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SBI PO v/s IBPS PO

 

IBPS (Institute of banking personnel selection) and SBI (State Bank of India) are two different institutions but the operating activities and objectives of both of them are very similar.

 

IBPS is recruitment agency which offers banking job opportunities for 23 Public Sector Banks except SBI and conducts various examination for the same also. SBI PO Recruitment Exam is always considered as the Largest of all Banking Exam. 

 

The probationary Officer in a Bank has to do following tasks in addition to the administrative work:

 

  • Provide services to customers: POs will be asked to look into the concerns of the customers coming for loans, opening of new accounts, ATM services, deposits, cheque books, credit cards and online banking etc.
  • Enhance business of the bank: POs are direct channels of dealing with customers, so as a direct representative of banks, they have the responsibility of promoting various banking products which includes Recurring Deposits, Fixed Deposits, Insurance policies, Funds, Credit Cards, Loans, etc.
  • Handle cash activities at the bank: PO have to perform cash related activities like cash disbursal & cash collection from cashiers. In time of excessive work pressure, may also be required to perform the clerical duties as well. 
  • Clearance of Payments: PO’s need to authorize some payments by way of cheque, DD, NEFT/ RTGS beyond a certain amount.
  • Manage accounts of customers: Have to close all the work on a daily basis.  Officers would be assigned to generate reports that may include the deposits, withdrawals, ledger balances, etc.
  • Official communication: PO’s have the key responsibility of maintaining a track of new developments to improve their product knowledge. As PO’s have to send official replies to other departments.

 

Exam Pattern:

 

IBPS PO Exam pattern:

Name of Tests

Questions

Marks

Duration

Reasoning

50

50

40 Minutes

General Awareness Paper

40

40

20 Minutes

Quantitative Aptitude

50

50

40 Minutes

English Language

40

40

30 Minutes

Computer Knowledge

20

20

10 Minutes

Total

200

200

140 Minutes

Personal Interview

100

01 Hour

Grand Total

 

300

 

SBI PO Exam Pattern:

Objective Type Tests

Questions

Marks

Duration

Reasoning & Computer Aptitude

45

60

40 Minutes

Data Analysis & Interpretation

35

60

35 Minutes

General/Economy/Banking Awareness

40

40

40 Minutes

English Language

35

40

35 Minutes

Total

155

200

3 hours

Offline Descriptive Test

     

English Language (Letter Writing & Essay)

 

50

1 Hour

Group Discussion

 

20

 

Personal Interview

 

30

 

Grand Total

 

300

 

 

Selection Process:

 

IBPS PO:

SBI PO:

 

 

Salary Structure:

 

IBPS PO:

 

Salary Structure

Amount

Basic Pay

INR 23700

Annual Increment

INR 980 for 7 years

Dearness Allowance (DA)

39.80% of the Basic Pay (Revised Quarterly)

City Compensatory Allowance

@4%, 3% or 0% (Depends on the place of posting)

Special Allowance

7.75% of the Basic Pay

House Rent Allowance

9%, 8% or 7% (Depends on the place of posting)

Total Salary

INR 37,360 -38,700 per month

 

SBI PO:

 

Salary Structure

Amount

Basic Pay

INR 27620

Annual Increment

INR 980 for 7 years

Dearness Allowance (DA)

39.80% of the Basic Pay (Revised Quarterly)

City Compensatory Allowance

@4%, 3% or 0% (Depends on the place of posting)

Special Allowance

@ rate of  7.75%

House Rent Allowance

Depends on place of posting

Total Salary

INR 45,000 per month (It may vary as per the HRA)

 

 

Other Perks and Benefits:

 

  • Leased Rental Accommodation: IBPS banks gives Official Bank Accommodation/Bank Quarter are provided as leased accommodation. Whereas, SBI Leased accommodation range from INR 8,000/- in ‘C’ category Center’s to INR 29,500/- in Mumbai Centre.
  • Travelling Benefits: In SBI the Probationary Officers can get travelling concessions while visiting to the places within India. The employees working with banks can take advantage of the bank guest houses available at various places across India. Whereas IBPS, the employees can own vehicles from Bank’s side instead of petrol bills. They can also stay at Banks’ Guest Houses while visiting various places across India.
  • Medical Benefits: In SBI offers 100% Medical Facilities to the employees and 75% to their family members. Whereas IBPS the employees working within IBPS Banks are paid INR 8000 per annum for Medical Aid facility.
  • Leave Policies: Leave Policies include 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave. Women and single men with children or aged parents have the provision to take sabbatical leave of up to 2 years.
  • Other Benefits: PO’s are benefitted with the Housing Loan, Car Loan & Personal Loans on concessionary rate of interest. Bank offers scholarships to the meritorious children of all the Bank Employees. Bank employees can also be transferred to its respective foreign branches and can get a chance to work in foreign countries. Pension schemes are so attractive that every employee can spend his rest of life with happiness.

Future Growth:

 

Management Grades

Designation

Monthly Salary Structure (INR)

Junior Management Grade – Scale I

Probationary Officer or Assistant Manager

23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020

Middle Management Grade – Scale II

Manager

31705 -1145 -32850 -1310 -45950

Middle Management Grade – Scale III

Senior Manager

42020 -1310 -48570 -1460 -51490

Senior Management Grade – Scale IV

Chief Manager

50030 -1460 -55870 -1650 -59170

Senior Management Grade Scale V

Assistant General Manager

59170 -1650 -62470 -1800 -66070

Top Management Grade Scale VI

Deputy General Manager

68680 -1960 -76520

Top Management Grade Scale VII

General Manager

76520 -2120 -85000

Executive Director (ED)

Approx. 1.5 + lac

Chairman and Managing Director (CMD)

Approx. 2 + lac

 

 

Work Pressure:

 

State bank of India is one of the largest and oldest administration bank of India. It is obvious that the number of customers are higher in SBI than in any other nationalized bank. This increases work pressure in the SBI branches. As it is India’s oldest bank, SBI has customer loyalty and this again increases customer engagement in its departments.

Some nationalized banks are not accessible in rural areas, even we can say, not all over India, and their ATM counters are not everywhere. Therefore, it is obvious that the number of customers in nationalized banks are less than in SBI. This reduces work pressure in their branches.

 

 

September 14, 2017

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