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SBI PO vs IBPS PO – Which is Better and Why? Salary Difference, Growth

SBI PO vs. IBPS PO

Banking sector is one of the biggest preferred sectors, now days but it’s difficult to choose one from all banks. What would be your choice in SBI PO vs. IBPS PO? You can do Comparison in both Recruitment Examination and choose better one.

State Bank of India is one of the leading public sector banks. So, getting job in the State Bank of India is like a dream come true for worthy individuals. IBPS is recruitment agency and offers banking job opportunities for its 23 Public Sector Banks excluding SBI and conducts various examinations for hiring appropriate contenders.

So, Which is Better and Why? Let’s check the difference between SBI PO vs IBPS PO based on salary, job description, career growth, perks and benefits and work environment etc.

SBI PO vs IBPS PO – Which is Better and Why?

If you can’t decide, which One to Choose for your career plan, check assets and take best decision. We have come up here with the complete knowledge of SBI PO vs IBPS PO such as Salary, Benefits and Perks given by these banks.

For recruiting Probationary Officer, SBI PO Recruitment Exam and IBPS PO Recruitment Exam are organized time to time. Huge numbers of candidates participate in these Exams due to so many benefits that are available in banking sector. Check this page of recruitmentresult.com get details in Comparison to SBI PO and IBPS PO.

SBI PO vs IBPS PO

SBI PO exam is only for State Bank of India and its associate banks. IBPS PO exam is for rest of the public sector banks (PSBs). IBPS is for all nationalized banks (other than state Bank) while SBI is only for state Bank of India.

  • Latest Changes in SBI:

From the last year, SBI has started to conduct online examination for the recruitment of Probationary Officer. This examination happens at three levels – Preliminary, Mains and Interview.

  • Latest Changes in IBPS:

Every year, Institute of Banking Personnel Selection conducts its online common written examination for the recruitment of Probationary Officers into various public sector banks.

  • Attention Please:

Both the examinations either SBI PO Exam or IBPS POExam are very important for those aspirants who want to build their career in the banking sector. On this page, we have providing a competitive job comparison between SBI PO vs IBPS PO based on salary, job description, career growth, perks and benefits and work environment. Examination process is same in both but the level of difficulty of problem is slightly more in SBI PO.

SBI PO vs. IBPS PO: Which One to Choose ?

Before choosing any one from SBI PO vs. IBPS PO, you should know about the recruiting agencies after these exams.

Institute of Banking Personnel Selection conducts IBPS PO Exam every year to choose worthy job seekers, who can work as probationary Officer in 21 Public Sector Banks like Allahabad Bank, Bank of India, IDBI Bank, Syndicate Bank and UCO Bank etc.

State Bank of India also conducts Computer Based Exam every year to choose worthy candidates for post of Probationary Officer. Candidates, who will qualify this test, can get appointed in State Bank of India and its associated banks such as State Bank of Patiyala, State Bank of Travancore, State Bank of Hyderabad, State Bank of Mysore and State Bank of Bikaner.

What would be Designation and Tasks in SBI and IBPS Banks ?

Designation:

  • In SBI Banks:

If you will be selected as Probationary Officer in SBI Banks, your Designation will be as a Junior Management Grade-1 Officer for probation period.

  • In IBPS Banks:

Those, who are selected as Probationary Officer by Institute of Banking Personnel, will be designated as Officer Scale-1 or Assistant Manager for probation period.

Must Read Out Below Provided Links:

Tasks:

  • Customer Support:

Probationary Officer is having responsibility to guide the Customers in concern to banking facilities, which will be beneficial for Customers. Also Probationary Officer made available suitable services for Customers.

  • Business Enhancement:

In training period, Probationary Officers get knowledge of Marketing, Accounting, Loans and Finances, so they can give better idea for Business Enhancement.

  • Cash Handling and Payments Clearance:

Mostly in all banks Cash Handling and Payments Clearance is done by the clerk. Clerks handle this work under the administration of PO. Probationary Officers handle all works in banks and also their approval are required in some works.

  • Accounts Management and Loan Process:

Probationary Officers also manages the accounts of customers. Also these officers are having the authority to approve the request of Loans.

Note: For Getting Information About Latest Jobs in SBI PO Post, Read Out Complete SBI PO Notification.

What will be the pattern of Exam in SBI PO and IBPS PO ?

SBI PO Exam Pattern

SBI PO Prelims Exam Pattern:

Sr. No.Subjects NameMax Ques.Max Marks
Time Duration: 01 Hour
1English Language3030
2Quantitative Aptitude3535
3Reasoning Ability3535
Total100100

SBI PO Mains Exam Pattern:

Sr. No.Subjects NameMax Ques.Max MarksDuration
1Reasoning & Computer Aptitude456060 Min
2Data Analysis & Interpretation356045 Min
3General Awareness about Economy/ Banking404040 Min
4English Language354035 Min
Total15520003 Hours

To Crack SBI PO Exam, Read Out Below Links:

SBI PO Group Discussion & Interview Details:

Sr. No.Tests NameMax. Marks
1Group Discussion20
2Interview30
Total50

Check Here: Bank Interview Que & Ans

IBPS PO Exam Pattern:

IBPS Preliminary Examination:

Name of TestsNo. of QsMaximum MarksDuration
English Language3030Composite time of1 hour
Quantitative Aptitude3535
Reasoning Ability3535
Total100100

IBPS Main Examination:

Name of TestsNo. of QsMaximum Marks Medium of ExamTime allotted for each test
Reasoning5050English & Hindi40 minutes
English Language4040English30 minutes
Quantitative Aptitude5050English & Hindi40 minutes
General Awareness (with special reference to Banking Industry)4040English & Hindi20 minutes
Computer Knowledge2020English & Hindi10 minutes
Total200200140 minutes

Get Complete: IBPS PO Syllabus

Salary Structure of IBPS PO & SBI PO:

SBI PO Salary Structure

Salary StructureAmount
Basic PayINR 27620 Annual Increment
Dearness Allowance (DA)39.80% of the Basic Pay (Revised Quarterly)
City Compensatory Allowance@4%, 3% or 0% (Depends on the place of posting)
Special Allowance@ rate of  7.75%
House Rent AllowanceDepends on place of posting
Total SalaryINR 45,000 per month

IBPS PO Salary Structure

Salary StructureAmount
Basic PayINR 23700
Annual IncrementINR 980 for 7 years
Dearness Allowance (DA)39.80% of the Basic Pay (Revised Quarterly)
City Compensatory Allowance@4%, 3% or 0% (Depends on the place of posting)
Special Allowance7.75% of the Basic Pay
House Rent Allowance9%, 8% or 7% (Depends on the place of posting)
Total SalaryINR 37,360 – 38,700 per month

Perks for Probationary Officer:

Perks

The difference between perks are as follows :

PerksNationalized BanksSBI
Accommodation

Accommodation facility is available to Bank PO in place of HRA. At some places, banks provide Official Bank Accommodation/Bank Quarter as leased accommodation. The lease amount varies from bank to bank and place of postings.

Leased accommodation range from Rs 8,000/-in ‘C’ category Centers to Rs29,500/- in Mumbai Centre.
Traveling AllowanceSome banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting.Home Travel Concession/ Leave Fare Concession.
Medical AidA fixed annual amount is paid by most of the banks (Revised amount is Rs 8000/- p.a.).

Medical Aid for self (100%) and for family (75%).

 Now, lest discuss in detail:

Perks in SBI PO:

  • Leased Rental Accommodation:

In State Bank of India, candidates can get Leased Rental Accommodation charges Rs. 8000/- in ‘C’ category Centers to Rs. 29,500/- in Mumbai Centre.

  • Travelling Benefits:

Probationary Officer can get Travelling Benefits for visiting in all over the India. There are also guest houses of State Bank of India in all over the India. Employees can also take advantages of these guest houses.

  • Medical Benefits:

State Bank of India also provides Medical Benefits to the employees and their families. 100% Medical Facilities are given to the employees and 75% to their family.

Check Here: Upcoming Bank Jobs

Perks in IBPS PO:

  • Leased Rental Accommodation:

IBPS Banks offer Accommodation/ Bank Quarter as leased Rental accommodation.

  • Travelling Benefits:

There are good benefits for Travelling, which are offered by the banks such as employees can own vehicles from Bank’s side inspite of petrol bills.

  • Medical Benefits:

Candidates, who will be selected for post of Probationary Officer under these banks, will be paid INR 8000 per annum for Medical Aid facility.

SBI PO vs IBPS PO– Career Growth and Promotion Comparison

Career Graph in both the banking industries are same that is as follows:

Junior Management Grade – Scale I Officer
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

We hope now you can do Comparison in SBI PO and IBPS PO and choose any one according to the perks and salary given by the both banks. According to us both banks are good and in their own terms and condition. So it depends on you, to whom you choose between SBI PO vs. IBPS PO.

Something That You Should Put An Eye On

Bank Coaching InstitutesPrivate Bank Jobs
Public Bank JobsCareer In Banking Sector
Bank Online TestHow to Get Bank Jobs
Bank PO Exam Preparation TipsBank Syllabus

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