SBI PO vs IBPS PO - Which Is Better? What To Choose And Why: Check Here
SBI PO vs. IBPS PO!
SBI PO vs IBPS PO: If you are here on this
page, then definitely, it means that you are searching for major differences
between SBI PO vs IBPS PO and which is better. We are here to remove your
confusion regarding SBI PO vs IBPS PO. So, check here and read this article
carefully. Before starting comparison between SBI PO vs IBPS PO, What To Choose
And Why, it is important for readers to note that………
Institute of Banking Personnel Selection
is known as IBPS, a recruitment agency which offers various banking employment
opportunities for 23 Public Sector Banks excluding State Bank of India and also
conducts different examinations for the same also.
While, on the other hand, State Bank of
India is a banking branch itself, organizes various recruitment examinations
with the purpose to fill unoccupied positions 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 and State Bank of Travancore.
Check Here: What To
Choose And Why?
Enormous number of aspirants dreamed to be
at any prestigious position such as PO in any government bank. Those aspirants,
who are confused in SBI PO vs. IBPS PO!, like which one to choose for better
career, must go through this page as we have provided the Finest
Differences that help you Choose between
SBI PO and IBPS PO based on various parameters. These factors include salary,
job description, career growth, perks and benefits and work environment etc.
SBI PO vs. IBPS PO!
Team of www.privatejobshub.in has provided complete details regarding the career scope as a PO in SBI or any IBPS bank. Interested candidates must comprehend complete page in accordance with choosing better one by comparing different factors.
Distinguished factors to Choose/Better: SBI PO vs. IBPS PO
SBI PO
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IBPS PO
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Brief
Intro
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SBI
is the nationalized and largest commercial bank of the country which
approaches towards recruiting the skilled and employed aspirants in the
officer cadre across all the branches of country. Getting a job in SBI is a
dream comes true kind of state for any individual as this bank offers decent
salary package, promotion policy and the social status and other.
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IBPS is leading institute in
banking sector which organizes various recruitment exams throughout the year.
Aspirants selected through IBPS exams gets placed in any participating public
sector banks of the country excluding SBI.
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Job
Profile
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Working
as probationary officer in State Bank OF India is like you will always
finding a long queue all the time in front of you in a proper note. You have
to get into the groove and pass receipts, payments, cheques, fund transfers,
authorize account opening, fixed deposit etc.
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Getting selection as PO through
IBPS exam will either let you to manage any general banking department or the
credit department of the bank.
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Earnings
And Grant
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Beside
basic salary SBI PO gets everything starting from housing, furniture, medical,
conveyance, book grant, briefcase grant etc. That is why; the salary in SBI is more than
any other PSB.
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Earnings and grants offered by
any PSB are obviously less than the salary received by SBI Officer. Rather
than that you get a decent salary to live a decent life. However, you get
mostly similar allowances in all the banks.
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Promotion
Policy
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Promotion
policies of SBI are best and very attractive as within two years of your
service, you can get promoted to the next scale if you pass the departmental
examination.
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Normally all the banks are
having same promotion policy since they confirm to the rule of the government
regarding promotions and transfers.
One who wishes to grow fast
with this sector must go for departmental examinations which held from time
to time.
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Posting
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One must be fully
prepared with working in any area of country. As SBI is having large no. of
branches, so can be posted anywhere that includes remote villages as well.
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You may be posted anywhere in
India as mostly every public sector bank has the most number of branches in a
particular region of the country.
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Work
Pressure
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With
expressive salary, this profile comes up with a heavy work load as you are
responsible for the profit of your branch. However, you achieve additional incentives
for good work as well.
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One of the advantages of doing work in any PSB except
SBI, as here, work load is less as compared to work stress of any SBI
officer.
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Social
Status
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Being
an officer in country’s largest commercial bank will grant you a vast social
status compared to any officer in other commercial bank of the country.
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You will be getting lot of respect and value of
being an officer of a public sector bank, you are socially well placed.
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Check Whether You are Eligible or not?
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Which
Is Better?
Making the best choice among the recruiting
bodies, SBI or IBPS and after recruitment process in the banking sector the two
most required are either SBI PO or IBPS PO. Both these recruitment examinations
are conducted every year and a large number of candidates participate in these
exams.
Statistical data of SALARY to make Comparison in Detail: SBI PO vs.
IBPS PO
Salary Structure
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Amount (SBI PO)
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Amount (IBPS PO)
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Basic Pay
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INR 27620
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INR 23700
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Annual Increment
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INR 980 for 7 years
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INR 980 for 7 years
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Dearness Allowance (DA)
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39.80% of the Basic Pay (Revised Quarterly)
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39.80% of the Basic Pay (Revised Quarterly)
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City Compensatory Allowance
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@4%, 3% or 0% (Depends on the place of posting)
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@4%, 3% or 0% (Depends on the place of posting)
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Special Allowance
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@ rate of 7.75%
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7.75% of the Basic Pay
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House Rent Allowance
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Depends on place of posting
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9%, 8% or 7% (Depends on the place of posting)
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Total Salary
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INR 45,000 per month (It may vary as per the HRA)
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INR 37,360 -38,700 per month
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Check Revised Pay Structure (In Detail
Way):
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Probationary Officer Perks offered by IBPS and SBI
Banks
Leased Rental Accommodation:
A Probationary Officer is granted
with the housing facilities under HRA policies of bank. Under this policy
direct cash payment is not provided, rather bank transfer required fund for
accommodation to the House Owner.
- In SBI: Leased accommodation range from INR 8,000/- in ‘C’ category Centers to INR 29,500/- in Mumbai Centre.
- In IBPS Banks: Official Bank Accommodation/Bank Quarter are provided as leased accommodation.
Travelling Benefits:
- In SBI: A PO also receives travelling concessions and allowances if they are visiting to the places within India. Employees can even get benefit of the bank guest houses available at various places across India.
- In IBPS Banks: Employees can purchase vehicles from Bank’s side instead of petrol bills and 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 Medical Aid facility.
Have a look on these Links:
Leave Policies:
- Leave Policies 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 vacation leave of up to 2 years.
Other Benefits:
- Pension schemes are so attractive that every employee can spend his rest of life with happiness.
- PO’s are benefitted with the Housing Loan, Car Loan & Personal Loans on concessionary rate of interest.
- Bank employees can also be transferred to its respective foreign branches and can get a chance to work in foreign countries.
- Bank offers scholarships to the meritorious children of all the Bank Employees.
SBI Compensation Scheme:
Probationary Officers are offered 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.
Get Current Notification
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So, candidates are requested to
stay connected with us through this page and get latest details in regard of
it. Applicants may also join us on Facebook and Google Plus to get latest
updates related to recruitment, examination, admit card etc directly on your
wall. You can also subscribe on our free email service by leaving comment in
the below comment box.
Career Progression for Bank Probationary
Officer along with the Salary Growth Stats:
Management Grades
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Designation
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Monthly Salary Structure (INR)
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Junior Management Grade – Scale I
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Probationary Officer or Assistant Manager
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23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
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Middle Management Grade – Scale II
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Manager
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31705 -1145 -32850 -1310 -45950
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Middle Management Grade – Scale III
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Senior Manager
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42020 -1310 -48570 -1460 -51490
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Senior Management Grade – Scale IV
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Chief Manager
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50030 -1460 -55870 -1650 -59170
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Senior Management Grade Scale V
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Assistant General Manager
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59170 -1650 -62470 -1800 -66070
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Top Management Grade Scale VI
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Deputy General Manager
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68680 -1960 -76520
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Top Management Grade Scale VII
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General Manager
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76520 -2120 -85000
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Executive Director (ED)
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Approx. 1.5 + lac
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Chairman and Managing Director (CMD)
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Approx. 2 + lac
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Prelims/ Mains Exam
Patten for SBI PO and IBPS PO
IBPS
Prelims Exam Pattern
Sr No.
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Test Name
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Qns.
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Marks
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Duration
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1
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Reasoning Ability Paper
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35
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35
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01 hour
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2
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Quantitative Aptitude Paper
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35
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35
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3
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English Language Paper
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30
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30
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Total
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100
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100
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IBPS
PO Main Exam Pattern
S.No.
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Name of Tests
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No. of Ques
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Maximum Marks
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Time allotted for each test
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1.
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Reasoning
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50
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50
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40 Minutes
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2.
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English Language
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40
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40
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30 Minutes
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3.
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Quantitative Aptitude
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50
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50
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40 Minutes
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4.
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General Awareness (with special reference to Banking
Industry
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40
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40
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20 Minutes
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5.
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Computer Knowledge
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20
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20
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10 Minutes
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Total
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200
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200
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140 Minutes
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SBI
PO Prelims Exam Pattern
Name of the Section
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No of Qs
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Marks
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Duration
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English Language
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30
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30
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1 hour
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Quantitative Aptitude
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35
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35
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Reasoning Ability
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35
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35
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Total
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100
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100
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SBI
PO Main Exam Pattern
S.No.
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Name of Tests
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No. of Ques
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Maximum Marks
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Time allotted for each test
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1.
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45
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60
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60 Minutes
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2.
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35
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60
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45 Minutes
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3.
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General Economy & Banking
Awareness
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40
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40
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35 Minutes
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4.
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35
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40
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40 Minutes
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Total
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155
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200
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3 Hours
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By summarizing all we just conclude that
Both IBPS PO and SBI PO are better jobs in their own respect. Basically
analyzing best one from both jobs depends upon the person’s expectation from
that job. So, if you thinking of to be placed all life as a reputed banker, go
for SBI. But if you are going to leave the job or you don’t want much stress,
IBPS PO is your bet. Aspirants are advised to make better choice as both are
rewarding career choices.
********Best of Luck AlL*******
SBI PO Preparation Material
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IBPS PO Preparation Stuff
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