SBI PO Salary Vs IBPS PO Salary: Applied for SBI PO Exam or IBPS PO Exam? Well, Freshersnow has come up with this article to show the Differences between SBI PO Salary and IBPS PO Salary. SBI PO Salary Vs IBPS PO Salary is an essential thing to know to step into the respective careers. Each post has its significance. Candidates can put off their queries on Differences between SBI PO Salary and IBPS PO Salary. Moreover, we have brought this article with the Salary Difference between SBI PO Salary and IBPS PO Salary, the Job Profile of SBI PO and IBPS PO, and the Career Growth of SBI PO Salary Vs IBPS PO Salary. Do grab the sections arranged below.
SBI PO Salary Vs IBPS PO Salary
If you are searching to know details about opting for SBI PO and IBPS PO posts then go through the article thoroughly. Cracking the SBI PO is the highest goal for all candidates. But, candidates need to be noted that both posts are equally the same. Each has its significance. There are minute differences between SBI PO Salary and IBPS PO Salary. Through the Job profile, career growth, promotions, benefits, and work environment. Candidates can have a clear image of their work prospects by reading the information jotted down.
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Salary Difference between SBI PO Salary and IBPS PO Salary
Most of the candidates want to know Salary Difference between SBI PO Salary and IBPS PO Salary. So, we are here to give details on it. Through our research, we noticed that both have a significant difference in their salaries.
SBI PO Salary
If candidates crack the SBI PO post through examination then there are lucrative salaries for probationary officers. According to the SBI, the compensation to the employee for probationary officers will be around Rs. 7.55 lacs and a maximum of Rs. 12.93 lacs. The authority will be deciding to give SBI PO Salary based on the area working with other factors. The SBI PO basic pay will be Rs. 27620/-. However, the authority will be paying four extra increments from the time of joining. The SBI PO salary will be Rs.6000/-compared to other banks.
IBPS PO Salary
The IBPS PO Basic pay Salary will be Rs.23700/-. There will be other beneficial factors like HRA, Special Allowances, DA, and City compensation included in IBPS PO Salary. The gross pay is Rs. 38703/- (including HRA) per month. Moreover, HRA deals with the PO posting.
Job Profile of SBI PO and IBPS PO
SBI PO and IBPS PO are quite similar, we can see slight differences between them. Place yourself in the position of Probationary Officer there will be certain rules and regulations done by the employees. The Probationary Officers will be taking the administrative tasks along with there are things that need to undertake.
- Working as Probationary Officer is to serve the customers effectively. The employee should answer all the questions running through customers’ minds. Also, aiding them with services like loans, opening of new accounts, deposits, checkbooks, credit cards, ATM services, and online banking, etc.
- Hence, the position of the Probationary Officer is to deal with the customers and they need to entrust services like fixed deposits, recurring deposits, insurance policies, DMAT accounts, etc. to existing and new customers.
- The employee will be engaging in the activity like customer accounts and sorting the disputes regarding cash disbursal, clearance of payments, and cash collection from cashiers.
- They need to fulfill the tasks and achieve the duties assigned even in peak times.
- Other additional work like payment clearances, maintaining reports, and official correspondence with other departments
Perks for SBI PO and IBPS PO
Perks are nothing but the additional benefits added to the SBI PO Salary and IBPS PO Salary. Check out the details:
Accommodation
- The SBI PO can take accommodation and draws the number of Rs. 8000/- in ‘C’ category cities to Rs. 29500/- in Mumbai and it also varies from different places.
- Coming to IBPS PO, HRA will be given based on the posting place and will be 9%, 8%, and 7%. In some places, the bank might provide Official Bank accommodation/Bank Quarter to lease and this is only for POs.
Medical Aid
- SBI gives medical aid through the CGHS scheme and also there will be 100% compensation to all individuals and there will be 75% for the employee’s family.
- There will be a fixed amount to the IBPS banks, the medical aid will be Rs. 8000/- p.a.
Career Growth SBI PO Salary Vs IBPS PO Salary
The Career Growth SBI PO Salary Vs IBPS PO Salary has same similar features in their promotions. IBPS PO is an entry level post in the management grade.
- Junior Management Grade – Scale I: Officer i.e. PO
- Middle Management Grade – Scale-II: Manager
- Middle Management Grade – Scale III: Senior Manager
- Senior Management Grade – Scale IV: Chief Manager
- Senior Management Grade Scale V: Assistant General Manager
- Top Management Grade Scale VI: Deputy General Manager
- Top Management Grade Scale VII: General Manager
- Executive Director (ED)
- Chairman and Managing Director (CMD)
Pros & Cons of SBI PO Salary Vs IBPS PO Salary
Candidates should mark that both the SBI PO Salary and IBPS PO Salary have Pros and Cons. Here we go:
SBI PO Pros
- Handsome Salary
- Better career prospects
- Foreign Postings
- Social Status
SBI PO Cons
- Posting in Rural Areas
- Poor work-life balance
- Frequent Transfers
IBPS PO Pros
- Job Security
- Handsome Salary
- Low work pressure
IBPS PO Cons
- Promotions
- Rural Postings
From the given information, we believe that we have sorted out all the quired regarding SBI PO Salary Vs IBPS PO Salary. For more details stay connected to our Freshersnow.Com
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