Differences between IBPS Clerk & SBI Clerk | Analyze Which is better?

SBI Clerk vs IBPS Clerk

 

 

Dear Aspirants!

 

Are you willing to pursue your career in the banking sector? If yes, then you all must be well-aware of the fact that SBI & IBPS Recruitment Exams are the most opted career options amongst the young graduates. Whether you go for IBPS or SBI, both the options possess the highly lucrative and reputed career opportunities like – PO, Clerk & SO.

 

But it becomes a challenging task to filter out the best one between these two!

 

To ease out your worries, we present you the SBI Clerk vs IBPS Clerk [Detailed Comparative Analysis] in this blog.

 

 

You must also read – SBI PO vs IBPS PO – Which to choose and Why? [Salary & Career Comparison].

 

 

With the help of information given below, you can wisely decide which career option will be suitable for you: IBPS Clerk or SBI Clerk.

 

 

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SBI Clerk vs IBPS Clerk: Which one is the Best Option for You? Analyze here!

 

Based on the various criteria, we have come up with the clear differences between IBPS Clerk and SBI Clerk. You may read all the points and analyze by yourself that which career option will be worthwhile for you and why.

 

 

 

 

 

Job Profiles & Responsibilities

 

In any bank, the clerks are the first checkpoint where customers can come and ask their queries. Considering the differences between SBI Clerk & IBPS Clerk, we have come up with a few points where their duties may differ from each other. Please check below –

 

 

Designation:

 

1. 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 a 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.

 

 

Know more about – IBPS Clerk.

 

 

2. SBI Clerk:

 

SBI Clerks are 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.

 

 

Tasks and Responsibilities:

 

Clerical staff are considered an integral part of the bank workforce as they are responsible for almost every task. The responsibilities of a clerk remain similar in SBI banks and IBPS Participating banks. Lets’ have a look at the Clerks’ Tasks & Responsibilities below –

 

 

1. Single Window Operator (SWO)

 

To acknowledge the received emails.

 

Issue the Receipt of cheques, drafts, cash, dividend warrants, pay orders, bills, pre-signed drafts, gift cheques, travelers’ cheques and bank orders etc.

 

Delivery of cheque books.

 

Recounting of currency notes by cash department staff.

 

Approving and the cash payment of all cheques/ withdrawal forms/ bankers’ cheques/ gift cheques etc.

 

Maintaining the record of all the transactions.

 

Handling Computers based tasks.

 

 

2. Head Cashier (HC)

 

Greets Customers and Solve their Money related Problems.

 

Holds the Bank’s Cash, Keys, and other Important Data at a safe place.

 

Keeps track of all the money transactions.

 

Verifies the vernacular signatures/endorsements.

 

Provides training to newly joined Cashiers.

 

Countersigns cheques, drafts, payment orders, deposit reaccepts.

 

Attends the Government Treasury work.

 

 

3. Special Assistants (SA)

 

Looks after the work of other clerks and sub-staff.

 

Passes independently, manually or online, cash instruments.

 

Clears and transfers the cheques & vouchers.

 

Processes vouchers, checks, drafts, mail transfers, pay orders, non-payment advice, inter-branch fate calling advice, bill schedules, demand notices, statement certificates etc.

 

Checking, manually or online, current, savings and other accounts.

 

Customer Support. Explaining them about the features and products offered by the bank.

 

Checking the Coding and Decoding of Telegram.

 

 

4. Universal Teller (UT)

 

Receives Cheques/ Withdrawal Forms/ Demand Drafts/ Bankers’ Cheques, Process.

 

Verifies Customers Account Details.

 

Receives Cash and Signs on Counter Slips/ Acknowledgments.

 

Maintain and Manage Records, Tally Cash and Hand Over Remaining Cash to Head Cashier and Generation of Relevant/ Required Reports.

 

Update Pass Books.

 

Prepares print and issue remittance instruments (like) DD/MT/BC and sign them independently.

 

 

5. Agricultural Assistants

 

Assist in the bank’s operations for agricultural development and financial assistance to small enterprises such as vegetable/fruit vendors, artisans, self-employed persons etc.

 

Distribute and collect application forms and assist the farmers/small borrowers in filling up the forms.

 

Scrutinize application forms, farm plans etc. to ensure that applications are complete in all respect.

 

Take necessary steps to ensure that the periodical details, as called for, are received from the farmers/small borrowers in time.

 

Stay connected with Farmers to help them with correct solutions.

 

Verify farms and the required machinery & equipments.

 

Verify proper utilization of the bank’s loans or the progress in work in respect of which loans are granted and to furnish reports on such verifications.

 

 

Apart from all the above responsibilities, sometimes the Clerk also performs as a telephone operator & stenographer.

 

 

Would you like to share your work experience as Clerk in IBPS/SBI? Please comment us below! We’ll publish your story on our website. 

 

 

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Bank Details & Job Locations!

 

IBPS is the self-recruitment agency that conducts the exam for the recruitment in 23 Public Sector Banks except SBI. Whereas SBI is a banking branch itself! It conducts its own recruitment exam to fill up the vacant seats at its various branches & associate banks like – State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. These banks have been merged from April 2017.

 

 

S.No. IBPS Banks (Headquarters) SBI Banks (Headquarters)
1 Allahabad Bank (Kolkata) State Bank of India (Mumbai)
2 Andhra Bank (Hyderabad)
3 Bank of Baroda (Mumbai)
4 Bank of India (Mumbai)
5 Bank of Maharashtra (Pune)
6 Canara Bank (Karnataka)
7 Central Bank of India (Mumbai)
8 Corporation Bank (Mangalore)
9 Dena Bank (Mumbai)
10 Indian Bank (Chennai)
11 Indian Overseas Bank (AbuDhabi)
12 Oriental Bank of Commerce (Gurgaon)
13 Punjab National Bank (New Delhi)
14 Punjab & Sind Bank (New Delhi)
15 Syndicate Bank (Manipal)
16 UCO Bank (Kolkata)
17 Union Bank of India (Mumbai)
18 United Bank of India (Kolkata)
19 Vijaya Bank (Mumbai)

 

 

 

Note:

 

1. Apart from the above-mentioned 19 IBPS Clerk Participating Banks, the candidates who wish to apply for Rural Regional Banks may get job postings at any of the branches amongst 82 RRB’s.

 

2. SBI is considered as the Largest Bank of India with more than 22,500 branches across the world. Those who wish to get into the State Bank of India as Clerk Position have more than 22,500 options for job postings.

 

 

Transfer Policy

 

For SBI Clerk:

 

The candidates who have been posted as Junior Associate through the recruitment exam can be transferred only after completing 5 years of service.

 

The candidates who have been selected under special recruitment drive conducted in Tura and Kashmir Valley & Ladakh will be eligible for transfer policy after serving 8 years in SBI.

 

Junior Agriculture Associates will continue in rural/semi-urban branches till they reach Scale V.

 

 

2. For IBPS Clerk:

 

A clerk after serving more than 5 years in a branch may be transferred to other branches in the same city/place.

 

In case there are no other branches in the same city, then a clerk after 5 years can be transferred outside the place but within 40/100 km.

 

An IBPS clerk after serving more than 10 years in a city/place, he is liable to transfer to any place outside the city, but within 40/100 km.

 

 

Note: On transfer, the employee may immediately Apply for transfer to the previous Branch or branches nearer to that branch.

 

 

Who cannot avail the Periodical Transfer Policy?

 

 

Male Employees who are 55 years of age and above.

 

Female Employees who are 50 years of age and above.

 

Widowers – One term of 5 years’ exemption will be given provided such Employees are having small and school going children.

 

Physically Handicapped Employees – as per the Government guidelines.

 

Employees with cardiac ailment who have undergone by-pass surgery / open heart surgery up to three years from the date of surgery and those affected/ suffering from paralysis.

 

Employees suffering from cancer and kidney ailment involving dialysis.

 

Employees having school going mentally retarded children – as per the Government guidelines.

 

Sports persons actively representing the Bank’s team at State and above level.

 

These exempted categories of Employees, however, are liable to be transferred among the branches / offices within the same place /center.

 

 

Salary Structure

 

Salary Structure is one of the most crucial factors that attract the young graduates to work with the Indian Banking Bodies. Below we are sharing the comparative analysis of IBPS Clerk & SBI Clerk Salary Structure. Please have a look! J

 

 

S. No. Salary Factors IBPS Clerk (INR) SBI Clerk (INR)
1. Salary Structure 11,765 – 31,540 11,765 – 31,540
2. Special Allowance 911.79 911.79
Dearness Allowances (DA) 45.60% of Basic Pay 45.60% of Basic Pay
4. City Compensatory Allowance (CCA) 0 0
5. Transport Allowance (TA) 425 Based on the Location
6. House Rent Allowance (HRA) 1058 – 1176 800-1176
7. Salary in Hand 18000-23000 20000-25000

 

 

The salary structure of IBPS Clerk & SBI Clerk is almost similar but SBI has some additional allowances, therefore, the salary of an SBI Clerk is INR 2000 more than the in-hand salary payable to an IBPS Clerk Officer.

 

 

 

 

 

Job Perks & Benefits + Work Pressure

 

Banking jobs come up with the complete package of perks & benefits. Based on the below data, you can wisely decide which banks offer more job perks & benefits.

 

 

S.No. Perks & Activities IBPS Clerk SBI Clerk
1. Flexible Duty Hours and Working in Shifts Facilities Yes Yes
2. Challenging Tasks Yes More than other PSBs
3. Travelling Allowances Bank Guest Houses are available at major cities Holiday Homes & Bank Guest Houses available at major cities
4. Housing Allowances Yes (Accommodation is also available in certain banks) Yes (Accommodation available for certain places)
5. Work Pressure & Environment Good & Healthy (Possessing Less Pressure) High Work Pressure & Tough Challenges
6. Excellent Growth Chances Yes, but after 2 years of Probational Period After 3 years
7. Dealing with People and Gaining Experience Yes Yes
8. Leaves Privilege Same as PSB’s 33 PL + 12 CL and Women, Single Men with Children & Aged Person can take leave sabbatical leave of up to 2 years.
9. Medical Benefits Yes! INR 2000 per year 100% Benefits for Employees & 75% for Family + Insurance Policy
10. Worthwhile Pension Schemes Yes Yes
11. Wonderful Salary Packages Initial Salary: INR 18,000 – 23,000(No Increment before 2 years) Initial Salary: 20,000 – 25,000(Up to 4 increments can be made within the initial years)
12. Loan Facilities In some of the IBPS Participating Banks Yes! Bank also provides scholarship to meritorious children of Bank Employees
13. Reputation in Society Less than SBI In terms of Social Status, SBI is considered as Largest Bank in India. Therefore, the reputation of SBI employees increases automatically.

 

 

 

Promotion & Growth Policies

 

The promotion & growth policies of SBI & IBPS is quite different. Below we are sharing out the differences between SBI Clerk & IBPS Clerk in terms of Promotion & Growth Policies. Must Read!

 

 

For SBI Clerk:

 

The candidates who get selected for the position of SBI Clerk must survive for 6 months of training period to get their employment confirmed in the State Bank of India.

 

The 1st promotion can be made after completing 2 to 3 years in SBI.

 

The promotion for SBI Clerk can be done in two ways – ‘In-Cadre Promotions & Officer Cadre Promotions’.

 

 

S.No. Work Experience Promoted Designation Type of Promotion
1. 3 Years Trainee Officer (Middle Management Grade Scale – 2) Officer Cadre
2. 6 Years Junior Management Grade Scale – 1 Officer Officer Cadre under Fast Track Promotions
3. 10 Years Senior Assistant In-Cadre
4. 12 Years Junior Management Grade Scale – 1 Officer Officer Cadre
5. 20 Years Special Assistant In-Cadre
6. 30 Years Senior Special Assistant In-Cadre

 

 

 

For IBPS Clerk:

 

The candidates must undergo the probation period of 2 years to get promoted to the upper-level position.

 

After completing the probation period, the candidates can be promoted in two ways –

 

1. The candidates must appear in the written test conducted inter banks and qualify it based on his/her experience & knowledge. (No JAIIB & CAIIB Diploma applicable)

 

On the qualification of written test, A clerk can be promoted to the position of Trainee Officer.

 

2. Based on the JAIIB, CAIIB qualification, and Graduation + Post Graduation Mark sheets, the Clerks can be promoted to the position of Trainee Officer or PO.

 

 

IBPS-Clerk-Growth-Chart

 

 

 

Recruitment Procedure & Selection Criteria

 

There is a major difference in the Recruitment Procedure of both the sectors – IBPS & SBI.

 

Below we are listing all the major aspects of IBPS & SBI Clerk Recruitment along with their clear distinction. Please have a look!

 

 

 

S.No. Important Recruitment Factors IBPS Clerk SBI Clerk Reference Links
1. Selection Procedure Prelims + Mains Prelims + Mains + Interviews IBPS Clerk Important Dates
2. Exam Pattern – Prelims Same Same IBPS Clerk Syllabus & Exam Pattern
Exam Pattern – Mains Sections – 4 (QA, LR, GK, Eng) Sections – 5 (QA, LR, GK, CK, Eng)
Total Time Limit: 135 Minutes (2 Hours 15 Mins) Total Time Limit: 165 Minutes (2 Hours 45 Mins)
3. Syllabus Comparatively Easy Harder than IBPS
4. Eligibility Same Same IBPS Clerk Eligibility
5. Application Form Same Process Same Process IBPS Clerk Online Application
6. Cutoff Marks Lower than SBI Higher IBPS Clerk Cutoff
7. Interview Process Not Conducted Final Selection will be based on Written Test + Interviews Important Interview Documents for Bank Clerk

 

 

 

Total Number of Vacancies

 

The IBPS Clerk Recruitment procedure will be started from September 2017 whereas the SBI Clerk Procedure is expected to begin from May 2017.

 

As predicted by experts, the vacancies list of IBPS Clerk and SBI Clerk is as follows –

 

 

S.No. Recruitment Exams Total Number of Vacancies (Expected)
1. IBPS Clerk 19000
2. SBI Clerk 11000

 

 

 

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Only a few months are remaining for IBPS Clerk Exam! If you want to appear and qualify it with good scores, then you must start your preparation now.

 

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