Which is the better – SBI Clerk or IBPS Clerk 2020?

Most of the students are confused about the profile which they should go for i.e., IBPS Clerk or SBI Clerk. To give you a clear idea about the job profiles of both SBI Clerk and IBPS Clerk, today we have come up with a deep comparison of SBI Clerk and IBPS Clerk on the basis of various factors.

ROLES AND RESPONSIBILITIES OF AN SBI CLERK AND AN IBPS CLERK

The Roles and responsibilities of an SBI Clerk and an IBPS Clerk are almost same. A Clerk takes care of following tasks in a bank:

§  The Main job of a clerk is to handle all the cash deposits and withdrawals.

§  He/She is responsible for handling all the monetary transaction activities whether it is by Cash, cheque, demand draft or any other Method. He/she works as a Single Window Operator in a bank. It means he/she is responsible for Receipt of cheques, Pay Orders and Bills, Drafts, Dividend Warrants, Etc. As an SWO, he is required to perform operations like issuing of E.S.I. Stamps, recounting of Currency Notes by Cash Department Staff and some other works.

§  A clerk also overviews daily, a monthly and weekly report of transactions in the bank.

§  A clerk also performs Marketing operations such as marketing the schemes, loans and other services of Bank so as to increase the customers.

SALARY STRUCTURE & PERQUISITES OF AN SBI CLERK AND AN IBPS CLERK

Salary is one of the main factors which candidate should keep in mind while choosing his/her career. As both IBPS and SBI are governmental bodies, the salary structure is almost identical in banks. But SBI is the one who offers four increments in salary as compared to other banks which come under IBPS. Also, SBI offers some additional allowances to its SBI Clerk such as newspaper allowance, petrol allowances, book grant, entertainment, etc. Due to this, the salary of an SBI Clerk is slightly higher than an IBPS Clerk. You can check the structure of SBI Clerk and IBPS Clerk through below table:

Factors	SBI Clerk (INR)	IBPS Clerk (INR)
Basic Pay	11765 (After additional two increments so your basic will be 13075)	11,765
Special Allowance	911.79	911.79
Dearness Allowances	51.2% of Basic Pay	51.2% of Basic Pay
City Compensatory Allowance	0	0
House Rent Allowance	800-1176	1058 – 1176
Transport Allowance	depends on the posting location	425
Salary (In Hand)	20000-25000 (On the basis of posting location)	18000-23000 (On the basis of posting location)

CAREER GROWTH AND PROMOTION OF AN SBI CLERK AND AN IBPS CLERK

There are a lot of differences between the SBI Clerk and IBPS Clerk in terms of promotion and career growth. SBI Clerk has more chance to get promotion in comparison to other IBPS banks. It is considered that promotion policy in SBI is far better than any other bank. The table given below shows the career growth and promotion procedure of both the profiles:

SBI Clerk	IBPS Clerk
The candidates for the post of Junior Associates/Clerk will have to serve a minimum probation period of 6 Months.	The candidates selected as IBPS Clerk needs to Complete a probation period of 6 months.
On satisfactory performance in 6 Months, candidates will be given The post of Junior Associate/Clerk.	After completing the probation period, an IBPS Clerk becomes eligible to get promotions.
After completing 2 to 3 years in SBI, the first promotion in SBI can Be made.	The first way to get a promotion is to appear And qualify the written test which is conducted inter banks. For this, no JAIIB & CAIIB Diploma is applicable.
An SBI Clerk gets promoted in two ways which are – ‘in Cadre Promotion & Officer Cadre Promotions’.	After qualifying this written test, a clerk can be promoted to the position of Trainee Officer in Bank.
In cadre, Promotion is done on the basis of years of service completion.	The second way of getting the promotion is based on the JAIIB, CAIIB qualification, as well as Graduation/Post Graduation. On satisfying these, an IBPS Clerk can be promoted to the position of Trainee Officer/Probationary.
A person who has completed 10 years as SBI Clerk will be promoted to the post of senior assistant.
A person who has completed 20 years as SBI Clerk will be promoted to the post of special assistant.
A person who has completed 30 years as SBI Clerk will be promoted to the post of senior special assistant.
Officer Cadre Promotions are done on the basis of written exam and Interview which are conducted in SBI itself.
A clerk can become a trainee Officer after successfully completing 3 years of service and on qualifying written exam and Interview.
An SBI Clerk is eligible to become a Junior Manager Grade Scale (JMGS-I) officer, after clearing a written test & Interview when he/she completes the service period of 6 years.

WORK PRESSURE OF AN SBI CLERK AND AN IBPS CLERK

The work of both an SBI clerk and an IBPS Clerk are almost same but the work pressure differs a lot. The following depicts that:

SBI Clerk	IBPS Clerk
As SBI is one of the largest banks in the country, work pressure is more in it as compared to other public sector banks.	An IBPS Clerk has less work pressure as compared to an SBI Clerk.
SBI Branch offices mostly remain occupied so the work pressure of an SBI Clerk is very more irrespective of the posting location.	Depending on the location of posting, the work pressure may increase or decrease.
An SBI Clerk has to face tougher challenges as compared to an IBPS Clerk.	IBPS Clerk job offers comparatively fewer challenges.

So here you have seen the comparison between an SBI Clerk and an IBPS Clerk. Both profiles have their own advantages and disadvantages.

Good Luck!!!

Author Bio: Above content is written and published from IBT Chandigarh: Best for Bank Coaching in Chandigarh.