There are three main exams for the clerical post in the banking sector SBI Clerk, IBPS Clerk, and IBPS RRB Clerk. The IBPS clerk exam is conducted to recruit candidates to various public sector banks in India. Meanwhile, the SBI Clerk Exam is conducted only for recruiting candidates as clerks at the State Bank of India.
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Salary for IBPS Clerk And SBI Clerk
The basic pay for the IBPS Clerk is Rs. 11,765. An SBI Clerk’s salary is considered to be the highest as only the basic pay is Rs. 17,900. The in-hand salary of an IBPS Clerk ranges from Rs. 19,000 to Rs. 22,000, whereas the in-hand salary for clerks in SBI ranges from Rs. 26,000 to Rs. 29,000. Each year an increment of Rs. 1000 will be provided to the clerks at SBI, and the maximum salary which they can earn is Rs. 47,920. The salary of IBPS clerks ranges from Rs. 11,765 to Rs. 31,540 as an incremental salary is provided as the candidates gain greater experience.
Differences between IBPS Clerk and SBI Clerk
Though the growth in both SBI and other public sector banks is similar, an SBI clerk can get promoted quickly as compared to an IBPS clerk. A clerk in SBI is usually promoted to the post equivalent to the probationary officer after gaining an experience of 3 to 4 years. However, it may take longer for the IBPS clerk to be promoted to the post of an officer.
The exam pattern and syllabus for both SBI Clerk Exam and IBPS Clerk Exam are exactly identical. Therefore, the candidates can study the same syllabus on BYJU’s Exam Prep and apply for either of these forms as per their career preferences.
Allowances And Perks For SBI Clerk
Along with an attractive SBI Clerk salary package they are also entitled to numerous allowances and perks. Take a look at the perks and allowances received by them.
- Dearness Allowance or DA
- HRA or Housing Rent Allowance
- Special Allowance
- Transport Allowance
- Medical Allowance
- City Allowance
- Furniture Allowance
- Newspaper Allowance
The amounts allocated to each of these allowances vary as per the posting location of the candidates. The perks or benefits provided apart from the SBI clerk salary include medical insurance and PF or Provident Fund. Also, the stability of working in a central bank provides much needed financial security to the candidates. They can get loans for vehicles, building or renovating a house, or for any other personal reason without much difficulty. The other benefits include medical leaves, paid leaves, pension, etc.
An SBI Clerk is also eligible for two types of promotions, viz. promotion to office cadre and in-cadre promotion. In-cadre promotion happens after a specific time. For instance, an assistant is promoted to the post of a senior assistant once they complete service of 10 years. After another 10 years, they will be promoted to the post of Special Assistant. After another 10 years, they will be promoted to the post of Senior Special Assistant. An extra allowance of Rs. 18,00, Rs. 2,500, and Rs. 3,500 is provided for each of these posts, respectively, which is directly added to the basic pay.
An SBI clerk can also give CAIIB and JAIIB exams to get promoted to the post of Trainee Officer once they gain an experience of 3 years. The performance of the officer is analysed after 2 years, and they are either promoted to the Middle Management Grade or reverted to the clerical cadre.
Thus, it is quite evident that being an SBI clerk is better in terms of salary, promotions, and overall growth as compared to the clerks of other banks.
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