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Eduncle posted an Article
April 06, 2022 • 12:21 pm

SBI PO vs IBPS PO Comparison - Which to choose and why?

SBI-PO-vs-IBPS-PO

Whenever we think of choosing between ‘which banking body is better to get recruited in and why should you choose them’, we usually land getting confused.

So, to slake your thirst for knowledge, we have come up with detailed information about SBI PO vs IBPS PO. This article provides a clear distinction between PO banking benefits, salary structure, and other perks that an employee can have while working with the SBI Banks or IBPS Banks.

Nowadays, most eligible graduates dream of getting the most prestigious position like Probationary Officer in any of the Government Banking Bodies. Therefore, the exam convener bodies like SBI and IBPS are offering more and more job opportunities.

But the candidates are confused among so many choices. So, Eduncle has come up with a clear distinction between IBPS PO and SBI PO. Check out all the information related to SBI PO vs IBPS PO below in the blog.

To choose the best-suited job option between IBPS PO and SBI PO, please check out the points given below-

SBI PO Vs. IBPS PO- Which is best?

Designation and Tasks - SBI PO Vs. IBPS PO

Salary Structure of IBPS PO and SBI PO

Probationary Officer Perks - SBI PO Vs. IBPS PO

Promotion Policies and Career Progression

Exam Pattern for IBPS PO 2022 and SBI PO 2022 Exam

      IBPS PO Main Exam Pattern

      SBI PO Main Exam Pattern

 

 

SBI PO vs IBPS PO – Which one is the Best Job Option for you?

 

IBPS is a recruitment agency that offers banking job opportunities for 23 Public Sector Banks except for SBI and conducts various examinations for the same.

Whereas SBI is a banking branch itself that conducts the recruitment examination for filling up the vacant seats at SBI and its associate banks such as -

State Bank of Bikaner and Jaipur

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

 

Now, coming over to the main topic i.e. SBI PO vs IBPS PO.

 

 

Designation and Tasks of Probationary Officer in SBI and IBPS Banks

 

Designation-  

SBI PO: A probationary Officer in SBI Banks is designated as Junior Management Grade-1 Officer for 2 years of training/probation period.

IBPS PO: The candidates who join IBPS Banks are designated as Officer Scale-1 or Assistant Manager for 2 years of probation period.

On the successful completion of training, the employees must clear the screening process.

Those who achieve the predetermined standards will be promoted to the next higher grade i.e. Officer Middle Management Grade Scale-II (Manager).

Those who qualify in the test but fail to achieve the standards are designated as Middle Management Grade Scale-II officers.

And the candidates who fail to qualify for the test are terminated.

Job Tasks-

Customer Support – Guiding Customers about the various banking facilities that are suitable and beneficial for them.

Business Enhancement – Probationary Officers are trained in Marketing, Accounting, Loans, and Finances to produce effective ideas for business enhancement. Also, they can communicate with customers and businesspersons smartly.

Cash Handling and Payments Clearance – Usually, these tasks are done by Clerks but under the supervision of the PO. The PO of the bank must manage everything, and sometimes, these processes require his approval and authority.

Manage accounts of customers and Loan Processing – The Probationary Officer keeps track of all the customers’ accounts. He is also responsible for approving their loan requests.

 

For detailed information, you can visit IBPS Bank PO Job Profile | Meaning, Role, Work-Life of PO in Banks.

 

 

Salary Structure of IBPS PO and SBI PO

 

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 the place of posting

Total Salary

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

 

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

 

Note:

SBI POs are paid 4 increments extra at the initial stage, and thus their Gross Salary will be about INR 6000 higher.

 As per the HRA offered by banks, you can take leased accommodation from the banks’ side. (Ranges may vary from INR 10,000 to INR 29,000 per month).

 

 

Probationary Officer Perks offered by IBPS and SBI Banks

 

The general perks for PO offered by banks are –

Leased Rental Accommodation

Under HRA policies, the Probationary Officers are benefitted from the housing facilities by banks. In which the banks don’t provide any cash payment. Instead, they transfer the required fund for accommodation to the House Owner.

IBPS banks: Official Bank Accommodation/Bank Quarter are provided as leased accommodation.

In SBI: Leased accommodation ranges from INR 8,000/- in ‘C’ category Centres to INR 29,500/- in Mumbai Centre.

Travelling Benefits

In SBI: The Probationary Officers can get travelling concessions while visiting different places within India. The employees working with banks can take advantage of the bank guest houses available at various places across India.

In IBPS Banks: The employees can own vehicles from the 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: SBI offers 100% Medical Facilities to the employees and 75% to their family members.

In IBPS Banks: The employees working within IBPS Banks are paid INR 8000 per annum for the Medical Aid facility.

Leave Policies

Leave Policies to 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 a sabbatical leave of up to 2 years.

Other Benefits

POs are benefitted from Housing Loans, Car Loans & Personal Loans on the concessionary rate of interest.

Bank offers scholarships to the deserving children of all the Bank Employees.

Bank employees can also be transferred to their respective foreign branches and can get a chance to work in foreign countries.

Pension schemes are so attractive that every employee can spend the rest of their life in happiness.

#SBI Compensation Scheme

The probationary officers benefit from the highest entry-level compensation packages in the banking industry.

The total compensation for PO = Min: INR 7.55 Lacs per annum and Max: INR 12.93 lacs per annum.

 

 

Promotion Policies and Career Progression of PO in SBI and IBPS Banks

 

Career Progression and Promotion Policies can be the prime reason any candidates join Banks as PO.

We have listed the completed details about salary and position growth below. Please check it out! 

Career Progression for Bank Probationary Officer along with the Salary Growth Stats: 

 

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

 

As per the above table, the Bank POs can grow up to the Chairman and Managing Director posts within 20 years.

 

 

Exam Pattern for IBPS PO 2022 and SBI PO 2022 Exam

 

The candidates need to appear in the recruitment exams conducted by both the authorities. If any candidate wants to become an IBPS PO or SBI PO, they will have to qualify for the IBPS PO Recruitment Exam or SBI PO Recruitment Exam.

But to become a part of these different competitive races, candidates must go through various steps – Eligibility Criteria, Knowing the Exam Patterns and Syllabuses and then study accordingly, filling up the online application form, etc.

Both the exams have almost similar procedures except for their Exam Patterns for Main Phases! Below we have mentioned the IBPS PO and SBI PO Mains Exams Patterns.

 

 

IBPS PO Main Exam Pattern

 

Candidates while preparing for the IBPS PO 2022 exam must have complete knowledge of the exam pattern. This will help you in getting an overall view of the types of questions that are going to come in the exam.

Here in this table below we have provided you with the IBPS PO 2022 exam pattern:

 

S.No.

Name of Tests

No. of Ques

Maximum Marks

Time allotted for each test

1.

Reasoning

50

50

40 Minutes

2.

English Language

40

40

30 Minutes

3.

Quantitative Aptitude

50

50

40 Minutes

4.

General Awareness (with special reference to Banking Industry

40

40

20 Minutes

5.

Computer Knowledge

20

20

10 Minutes

Total

200

200

140 Minutes

 

 

SBI PO Main Exam Pattern

 

SBI PO Main Exam has been conducted within two test papers – Objective Type and Descriptive Type.

 

For Objective Type

 

S.No.

Name of Tests

No. of Ques

Maximum Marks

Time allotted for each test

1.

Reasoning & Computer Aptitude

45

60

60 Minutes

2.

Data Analysis & Interpretation

35

60

45 Minutes

3.

General Economy & Banking Awareness

40

40

35 Minutes

4.

English Language

35

40

40 Minutes

Total

155

200

3 Hours

 

For Descriptive Type

English Language (Letter Writing & Essay) – 50 Marks in 30 Minutes Time Duration

Apart from these tests, the selection round consists of two more phases – Group Discussion and Personal Interview.

IBPS PO consists of Personal Interview (100 marks), while in SBI, it is Group Discussion (20 marks) and Personal Interview (30 marks).

The candidates must qualify in the Descriptive Test by securing passing marks, to be decided by the Bank. Descriptive Test paper of only those candidates will be evaluated who have scored qualifying marks in the Objective Tests and are placed adequately high as per total marks in Objective Test.

 

Here, we have provided the quick links for IBPS PO. You can visit them for SBI PO also.

Bank PO Eligibility Criteria

Bank PO Prelims Exam Pattern

Bank PO Exam Syllabus

 

As per the above information about SBI PO vs IBPS PO, SBI PO scores more than IBPS PO in terms of Salary and Employee Benefits.

But when we think about the recruitment procedure, IBPS PO wins the race as its recruitment process is much easier than SBI PO, and candidates can easily qualify for this paper.

In case you have any doubts or queries while reading this blog, kindly share it with us in the comment section below. We will reach out to you soon.

 

Thank You! 

 

 

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