SBI Clerk vs IBPS Clerk: What is the Difference & Which is Better?

SBI Clerk vs IBPS Clerk

Banking sector is one of the most lucrative career options in today’s time. Lakhs of candidates who aspire to begin their career in the banking sector apply for SBI Clerk, IBPS Clerk, IBPS RRB Clerk and various other Clerical level exam. Generally, recruitment in the banking sector is done by the Institute of Banking Personnel Selection, State Bank of India and Reserve Bank of India. SBI Clerk and IBPS Clerk are the two major exams conducted in the banking sector. Both the exams witness large number of participation by students. The main difference between SBI Clerk and IBPS Clerk is that the recruitment of SBI Clerk is done to appoint Junior Associates (Customer Support & Sales) in State Bank of India while IBPS Clerk recruitment is conducted by the Institute of Banking Personnel Selection for appointment in public sector banks.

Students are generally confused about SBI Clerk and IBPS Clerk and which one should they prefer. To clear their doubts regarding this, we have come up with a thorough comparison of SBI Clerk and IBPS Clerk.

SBI Clerk & IBPS Clerk Eligibility Criteria

The age limit for IBPS Clerk and SBI Clerk is between 20 and 28 years. The educational qualification is graduation. In SBI Clerk exam, who are appearing in the final year degree exam can apply provisionally. Whereas in IBPS Clerk, candidates need to possess a graduation degree while submitting the application form.

Also Read:

IBPS Clerk eligibility criteria

SBI Clerk Eligibility Criteria

SBI Clerk Vs IBPS Clerk: Jobs & Responsibilities

The roles and responsibilities of an SBI Clerk and an IBPS Clerk are almost similar. SBI Clerk and IBPS Clerk job roles and responsibilities are given below:

• The Clerks are responsible for cash deposits and withdrawals
• They are responsible for all the monetary transaction activities handling whether by cash, cheque, demand draft or any other method
• A clerk also maintains daily, monthly, and weekly reports of transactions as a record in the bank
• A Clerk is responsible for receipt of cheques, drafts, dividend warrants, pay orders and bills etc
• A clerk also performs marketing operations such as marketing the schemes, loans and other services of bank so as to increase the customers.
• A clerk also provides assistance in any kind of bank related services such as change of address, change of contact details, updating the passbook, opening accounts and various other tasks

SBI Clerk vs IBPS Clerk: Salary Structure

Salary plays a major factor in choosing their career. The salary of SBI Clerk is slightly higher than IBPS Clerk. The salary structure of IBPS Clerk and SBI Clerk is given below.

SBI Clerk Salary

The payscale of SBI Clerk was revised by SBI last year and the new pay scale of SBI Clerk is INR 17,900-1000/3-20,900-1230/3-24590-1490/4-30550-17,30/7-42,600-3270/1-45,930-1990/1-47,920. The starting salary of SBI Clerk is between the range of INR 26,000 to 29,000. Candidates are offered Dearness Allowance, House Rent Allowance, Transport Allowance, Special Allowance, City Allowance, Medical Allowance, Newspaper Allowance and Furniture Allowance.

Also Read: SBI Clerk Salary

IBPS Clerk Salary

IBPS Clerk Salary is the sum of Basic Pay and other Allowances like HRA (House Rent Allowance and Dearness allowances etc.) The first Basic Pay for IBPS Clerk 2022 will be INR 19,900. The IBPS Clerk Pay Scale is INR 19,900-1000/1-20,900-1230/3-24,590-1490/4-30,550-1730/7-42,600-3270/1-45,930-1990/1-47,920. The minimum basic pay for IBPS Clerk is INR19, 900 while the maximum is INR 47,920.

Also Read: IBPS Clerk Salary

SBI Clerk vs IBPS Clerk: Career Growth and Promotion

There are certain differences between SBI Clerk and IBPS Clerk in terms of promotion and career growth. SBI Clerk has the chance to get promotions faster and more opportunities compared to other public sector banks. It is considered that the promotion policy in SBI is better than other public sector banks.

SBI Clerk Career Growth & Promotion

The promotion policy in SBI Clerk is given below.

• The candidates for the post of Junior Associates/Clerk will have to serve a minimum probation period of six months.
• On the basis of performance in six months, candidates will be given the post of Junior Associate/Clerk
• After completing two to three years, the first promotion in SBI is done
• SBI Clerk gets promoted in two ways- ‘In-Cadre Promotions & Officer Cadre Promotions’
• In cadre, Promotion is done on the basis of years of service completion
• A person who has completed 10 years as SBI Clerk is promoted to the post of Senior Assistant
• A person who has completed 20 years as SBI Clerk is promoted to the post of Special Assistant
• A person who has completed 30 years is promoted to the post of Senior Special Assistant
• Officer Cadre Promotions is done on the basis of written exam and Interview which are conducted in SBI itself
• SBI Clerk can become a trainee Officer after successfully completing three 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 six years

IBPS Clerk Career Growth & Promotion

• The candidates selected as IBPS Clerk are on a probation period of six months
• After completing the probation period, they become eligible for promotion
• For promotion, candidates need to qualify the written test which is conducted inter banks
• After qualifying this written test, an IBPS Clerk can be promoted to the position of Trainee Officer in bank
• Candidates also get promotion based on the JAIIB, CAIIB qualification, as well as graduation/postgraduation. IBPS Clerk can be promoted to the position of Trainee Officer/Probationary

SBI Clerk Vs IBPS Clerk: Selection Process

The selection process for IBPS Clerk involves prelims and mains exams. Whereas the selection process of SBI Clerk includes prelims, mains, and language proficiency test.

Read More:

SBI Clerk Selection Process

IBPS Clerk Selection Process