SBI PO v/s IBPS PO

IBPS is a recruitment agency which conducts examination and offers banking job opportunities for 23 Public Sector Banks except for SBI.

SBI PO Recruitment Exam is always considered as the Largest of all Banking Exam. 

In this article we have discussed the job profile, Salary, Perks and Benefits, Career growth of SBI PO v/s IBPS PO.

 

The Probationary Officer(PO) 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 include Recurring Deposits, Fixed Deposits, Insurance policies, Funds, Credit Cards, Loans, etc.
• Handle cash activities at the bank: PO has to perform cash related activities like cash disbursal & cash collection from cashiers. In the 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:

 

SBI PO Exam Pattern:

 

 

Selection Process:

 

 

 

Salary Structure:

 

IBPS PO:

 

 

SBI PO:

 

 

 

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:

 

 

 

Work Pressure:

State bank of India is one of the largest and oldest administration bank in India. It is obvious that the number of customers are higher in SBI than in any other nationalized bank. This increases the 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.