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Saloni Jain @Eduncle posted an Article
January 3, 2020 • 3:20 pm

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

SBI Clerk vs IBPS Clerk

 

 

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 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.

Process After Selection

Job Profiles & Responsibilities

Bank Details & Job Locations

Transfer Policy

Salary Structure

Job Perks & Benefits + Work Environment

Promotion & Growth Policies

Recruitment Procedures & Selection Criteria

Total No. of Vacancies

 

 

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Process After Selection

 

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.

 

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.

 

 

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.

Clerical staff are considered an integral part of the bank workforce as they are responsible for almost every task. Task and Responsibilities of IBPS Clerk and SBI Clerk are 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.

 

 

Bank Details & Job Locations!

 

IBPS is the self-recruitment agency that conducts the exam for the recruitment in 17 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.

 

S. No.

IBPS Banks (Headquarters)

1.

Allahabad Bank (Kolkata)

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.

Indian Bank (Chennai)

10.

Indian Overseas Bank (AbuDhabi)

11.

Oriental Bank of Commerce (Gurgaon)

12.

Punjab National Bank (New Delhi)

13.

Punjab & Sind Bank (New Delhi)

14.

Syndicate Bank (Manipal)

15.

UCO Bank (Kolkata)

16.

Union Bank of India (Mumbai)

17.

United Bank of India (Kolkata)

 

Note:

Apart from the above-mentioned 17 IBPS Clerk Participating Banks, the candidates who wish to apply for Rural Regional Banks may get job postings at any of the branches amongst 56 RRB’s.

SBI is considered as the Largest Bank of India with more than 24,000 branches across the world. Those who wish to get into the State Bank of India as Clerk Position have more than 24,000 options for job postings.

 

 

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Transfer Policy

 

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/she 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.

 

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.

 

 

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!

 

S. No.

Salary Factors

IBPS Clerk (INR)

SBI Clerk (INR)

1.

Basic Pay

13075 - 31450

13075-31450 (INR 11765 plus two advance increments admissible to graduates)

2.

Special Allowance

1561

900-1200

3.

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

800-1100

7.

Salary in Hand

18000-23000

23000-26000

 

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 around INR 2000 more than the in-hand salary payable to an IBPS Clerk Officer.

Note - The above mentioned salary structure can vary as per the posting location, and CPC (Central Pay Commission).

 

 

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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.

 

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

 

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

 

 

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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

1.

Selection Procedure

Prelims + Mains

Prelims + Mains

2.

Exam Pattern – Prelims, Mains

Same

Same

3.

Syllabus

Comparatively Easy

Harder than IBPS

4.

Eligibility

Same

Same

5.

Application Form

Same Process

Same Process

6.

Cutoff Marks

Lower than SBI

Higher

7.

Interview Process

Not Conducted

Not Conducted
 

 

Total Number of Vacancies

 

The IBPS Clerk 2019 Recruitment procedure has been started from 12th September 2019 whereas the SBI Clerk 2020 Recruitment Procedure has been started from 3rd January 2020.

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

 

S.No.

Recruitment Exams

Total Number of Vacancies

1.

IBPS Clerk 2019

12075

2.

SBI Clerk 2020

8000

 

The detailed guide for IBPS Clerk Vacancies will be a helpful read to know about state wise and bank wise vacancy detail.

 

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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