Many aspirants are confused between the IBPS Clerk and SBI Clerk. This article aims in explaining the differences between these two and also clearly understand the difference between the salary of IBPS Clerk and SBI clerk.

IBPS Clerk and SBI Clerk exams are counted amongst the most popular clerical cadre exams that are conducted in the Indian banking sector. SBI Clerk exam is organized and conducted by the State Bank of India. On the contrary, the IBPS Clerk Exam is being conducted by the leading banking apex body Institute of Banking Personnel Selection.

Aspiring candidates who prepare for the jobs in the banking sector usually appear for both these exams and get confused about the difference between the two in various parameters of career growth, salary structure, responsibilities etc. In this particular write-up, we will explain the difference between the IBPS Clerk and SBI Clerk’s salary and the other differences between the two. If you are gearing up to appear for competitive exams & are searching for expert guidance, then this write-up will be of great help to you.

IBPS Vs SBI Clerk Exams

Three major clerical cadre exams are as follows:

IBPS Clerk and SBI Clerk are the most sought-after exams of clerical cadre. IBPS conducts the IBPS Clerk Exam for recruiting candidates for working in 19 public sector banks, whereas the State Bank of India conducts the SBI Clerk Entrance Examination for recruiting candidates for working as Junior Associates in the State Bank of India. The major differences between IBPS Clerk and SBI Clerk are listed below:

Salary Structure of SBI Clerk Vs IBPS Clerk 

Salary is one of the prime factors that candidates take into consideration at the time of selecting a particular job. Since IBPS and SBI are government bodies, the salary structure is nearly the same in both cases. However, SBI offers various increments as compared to the several other banks under the public sector that IBPS covers. Thus, the comparison of IBPS Clerk and SBI Clerk salaries is as follows:

SBI Clerk IBPS Clerk
Basic Pay Rs.17,900 Rs.17,900
Special Allowance Rs.911.79 Rs.911.79
Dearness Allowance 51.2% of Basic Pay 51.2% of Basic Pay
City Compensatory Allowance 0 0
House Rent Allowance Rs.800-1176 Rs.1058-1176
Transport Allowance Depends of the location of posting Rs.425
In-hand Salary Rs.24,000- Rs.29,000 Rs.22,000-Rs.26,000

 Roles & responsibilities of IBPS Clerk Vs SBI Clerk

The responsibilities of the IBPS Clerk & SBI Clerk are almost the same. A clerk is primarily responsible for performing the following duties in a bank in which he/she hired:

  • Handling cash transactions– A clerk is responsible for handling all the major monetary transactions in a bank, whether by cheques, cash, demand draft or probably some other method. A clerk is responsible for maintaining daily, weekly, and monthly records of all the transactions that happen in a bank.
  • Single window operator – A clerk in a bank also acts as a single-window operator, implying they are responsible for receiving the demand drafts, cheques, dividend warrants, bills, and pay orders. A clerk in a bank is also largely responsible for issuing ESI stamps, recounting the currency notes by the Cash Department Staffs & several other functions.
  • Clearing & transferring cheques– A clerk is also responsible for all the work related to handling the different cheques in a particular bank.
  • Marketing operations – A clerk is responsible for some kinds of marketing operations and increases the bank’s customers.
  • Updating the passbooks of the customers – The clerks provides all the required assistance in updating the passbooks of the customers of the bank like the contact details, address of communication etc.

Thus, the roles & responsibilities of the IBPS Clerk and SBI Clerk are the same.

Career growth of IBPS Clerk Vs SBI Clerk 

In terms of career growth, SBI’s promotion policy is better as compared to other public sector banks in India. SBI Clerk has several opportunities in terms of promotion and career growth as compared to IBPS Clerk. The promotion policy and prospects of career growth of IBPS Clerk and SBI Clerk are:

IBPS Clerk SBI Clerk
●        Candidates necessarily need to serve a probation period of 6 months,

●        In order to get a promotion, IBPS Clerks necessarily require to appear for & qualifying a written exam conducted for inter banks. No CAIIB and JAIIB Diploma is required for the same. After qualifying this particular test, the clerk becomes eligible for a promotion to a position of trainee officer.

●        The other way for a particular IBPS Clerk to receive a promotion is based on CAIIB, JAIIB qualification as well as graduation/post-graduation. A clerk can be promoted to Probationary Officer/Trainee Officer on the basis of the same.

 ●        After 6 months of probation, the candidates are given the post of Clerk/Junior Associate.

●        SBI Clerk can receive promotions in two ways – In Cadre Promotion & Promotion of Officer Cadre.

●        Promotion In Cadre – This promotion is on the basis of the number of years in the service. A clerk who has completed ten years of service would be promoted to a

Senior Assistant post. A person who has successfully completed 20 years of service would be promoted to the post of Special Assistant & after the completion of 30 years in service, a person would be promoted to the post of Special Senior Assistant.

●        Promotion of Officer Cadre – This promotion is on the basis of a written exam and interview. A clerk can be promoted to trainee officer after completing 3 years of service & on successfully qualifying the exam.

Selection Procedure of IBPS Clerk and SBI Clerk

The selection procedure of IBPS Clerk and SBI Clerk is the same. The selection procedure usually consists of the below-mentioned three stages:

  • Prelims Exam
  • Mains Exam
  • Test of Language Proficiency

Thus, this is the comparative analysis between IBPS Clerk and SBI Clerk. We have seen all the major differences between IBPS Clerk and SBI Clerk in terms of salary structure as well as career growth. Candidates can very easily evaluate the overall comparison between IBPS Clerk and SBI Clerk & accordingly choose the one which is aligned with their career goal.

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