Salary Comparison of SBI and IBPS POs: Did you apply for the SBI or IBPS PO exams? In order to illustrate the differences between the SBI PO salary and the IBPS PO salary, Freshersnow created this article. To enter any job, it is necessary to understand the differences in the salaries of SBI and IBPS POs. Every post has a purpose. Applicants might postpone asking questions about the differences in the salaries of SBI and IBPS POs. Additionally, this article compares the salaries of SBI PO and IBPS PO, discusses the job profiles of SBI PO and IBPS PO, and compares the career growth of SBI PO and IBPS PO. Please take note of the parts listed below.
Salary: SBI PO vs IBPS PO
Read this article through from beginning to end if you’re looking for information on choosing between SBI PO and IBPS PO positions. For every applicant, passing the SBI PO is their ultimate objective. However, applicants should be aware that the two positions are identical. Every one of them has a purpose. The SBI PO Salary and the IBPS PO Salary varies somewhat. through the job description, opportunities for advancement, perks, and workplace culture. Reading the notes might provide candidates a clear picture of their employment possibilities.
Salary Disparity between the IBPS PO and SBI PO
The majority of applicants are curious about the pay differences between SBI PO and IBPS PO. That’s why we’re here to provide information. Our investigation revealed that there is a significant pay gap between the two.
SBI PO Pay
Probationary officers may earn high pay if they pass the SBI PO test and get the position. Probationary officers would get remuneration ranging from around Rs. 7.55 lacs to a maximum of Rs. 12.93 lacs, as per the SBI. The region along with other criteria will be taken into consideration by the authorities while determining the SBI PO Salary. The base salary for SBI POs will be Rs. 27620. However, starting at the moment of joining, the authority will pay four more increments. In contrast to other banks, the SBI PO remuneration is Rs. 6000.
IBPS PO Pay
The base salary for IBPS PO candidates would be Rs. 23,700. The IBPS PO Salary will also contain additional advantageous elements like HRA, Special Allowances, DA, and City compensation. The monthly gross compensation, including HRA, is Rs. 38703/-. Additionally, HRA handles the posting of the PO.
SBI PO and IBPS PO Job Profiles
Although SBI PO and IBPS PO are quite comparable, there are a few minor variations between the two. Put yourself in the shoes of a probationary officer; staff members will be enforcing rules and regulations. The administrative duties and other things that need to be done will be handled by the probationary officers.
- Serving clients well is the goal of becoming a probationary officer. The staff member should respond to any queries that clients may have. assisting customers with services as well, such as loans, chequebooks, credit cards, ATM services, creating new accounts, internet banking, etc.
- As a result, the Probationary Officer’s role involves interacting with clients, and they must trust both new and current clients with services including DMAT accounts, insurance policies, recurring deposits, fixed deposits, and more.
- The worker will be handling client accounts, resolving conflicts with payment clearing, cash disbursement, and cash collecting from cashiers.
- Even during busy periods, they must complete the assignments and meet their responsibilities.
- Other tasks including keeping reports up to date, clearing payments, and communicating formally with other departments
Benefits for IBPS and SBI PO
All that constitutes perks are the extra advantages that are offered to the SBI PO and IBPS PO salaries. Examine the specifics:
Accommodation
- The SBI PO may accept lodging and draws between Rs. 8000 in “C” category towns and Rs. 29500 in Mumbai; the amount also changes according on the location.
- When it comes to IBPS PO, HRA will be awarded at 9%, 8%, and 7% depending on the posting location. In some locations, the bank may rent out official bank quarters or accommodations, however this is only available to POs.
Medical Support
- Through the CGHS programme, SBI provides medical assistance to all employees. Additionally, all employees will get 100% compensation, with their families receiving 75% of that amount.
- A certain sum would be paid to the IBPS banks, and the annual medical assistance will be Rs. 8,000.
Job Advancement SBI PO Salary Compared to IBPS PO Salary
There are comparable elements in their promotions between the Career Growth SBI PO Salary and the IBPS PO Salary. An entry-level position in the management grade is the IBPS PO.
- 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)
Benefits and Drawbacks of SBI Salary vs IBPS PO Salary
Candidates must to note that there are advantages and disadvantages to both the SBI PO and IBPS PO salaries. Let’s get started:
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