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Right Now, Banking aspirants are glad, because most expecting recruitments of the year got announced in the same time. Yes, SBI PO, IBPS Clerk, and IBPS PO are released within one month of span. So all are eagerly want to prepare for those exams, most of the people thought that crack at least one recruitment selection process. for that, aspirants want to know the comparison between SBI PO and IBPS PO 2021.
The first question every banking aspirant has before starting preparation for Bank PO exams is “Which exam to target “SBI PO vs IBPS PO”. To help you with this, in this article we will discuss all the major differences between SBI PO vs IBPS PO, and based on that you can decide which exam suits you and which exam you should target. In this article, we will discuss the Salary Structure, Perks and Allowances, Work Load, Work Profile, Exam Pattern, and future Career Prospects of both SBI PO vs IBPS PO.
Every banking aspirant has this question in mind while preparing for Bank PO that “What would be the salary on joining as a Bank PO”. Here, we will tell you the salary structure of SBI PO vs IBPS PO.
It has the best salary when it comes to Bank PO jobs. It has more salary than any Nationalised bank that recruits through IBPS PO.
Particulars | SBI PO Salary 2021 |
Basic Pay | Rs. 41,960 |
Special Allowance | Rs. 6,881 |
DA | Rs. 12,701 |
Location Allowance | Rs. 700 |
Learning Allowance | Rs. 600 |
HRA | Rs. 2,937 |
Gross Salary | Rs. 65,780 |
Deduction (PF/Income Tax/Professional Tax/Pension) | Rs. 12,960 |
Net Salary | Rs. 52,820 |
Allowances:
Allowance | Amount |
Dearness Allowance | 26% of the Basic Pay |
City Compensatory Allowance | 3% – 4% depending on location |
House Rent Allowance | 7% – 9% depending on Place of Posting |
Furniture Allowance | Rs. 1,20,000 |
Medical Insurance | 100% covered for employee | 75% covered for dependent family |
Travelling Allowance | AC 2-tier fare is reimbursed to the employee for official travels |
Petrol Allowance | Rs. 1,100 – 1,250 |
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc. | Varies based on Cadre |
The gross salary of an SBI PO ranges from 8.20 lakhs to 13.08 lakhs annually. Whereas the In-Hand Salary of an SBI PO ranges from Rs. 52000 – Rs. 55000 per month after all the deductions.
You can know more about the SBI PO salary structure and allowances
When you compare the IBPS PO vs SBI PO salary then SBI PO has more salary and allowances than IBPS PO. However, IBPS PO also has a decent salary to lead a comfortable life.
Particulars | IBPS PO Salary 2021 |
Basic Pay | 23700 |
Special Allowance | 1836 |
DA | 10163 |
CCA | 870 |
Total (without HRA) | 36570 |
HRA | 2133 |
Gross with HRA | 38703 |
Medical Aid | 8000 |
Entertainment | 500 |
Newspaper | 300 |
Petrol | 3000 |
Telephone | 400 |
Canteen Subsidy | 400 |
Pension Contribution | 2500 |
IBPS PO provides almost all the extra allowances as SBI PO. However, the amount of these allowances is lesser as compared to SBI PO.
The monthly In-Hand Salary of an IBPS PO ranges from 38,000 to 41,000.
You can know in more detail about the salary and allowances of an IBPS PO
The work profile of both the SBI PO vs IBPS PO is more or less the same. The day to day job of Bank PO includes:-
Since most of the government schemes are implemented through SBI therefore SBI PO has a much higher workload than IBPS PO. Also, the reach of SBI PO is more in rural areas than any other bank, so there is a high chance of rural posting in your initial days as compared to IBPS PO. Since SBI is a well-known brand among people from every walks of life and people trust SBI more than any other PSU bank, therefore, this adds to the work pressure of an SBI PO.
The career path for both SBI PO vs IBPS PO is the same:-
Junior Management Grade – Scale I – 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)
SBI PO has faster promotions when compared to IBPS PO.
You can get promotions upto General Manager while the “Executive Director” and “Chairman and Managing Director” of a Bank are selected by the government.
The SBI PO Exam consists of three phases:-
Note:- Candidates’ combined scores in the Mains exam and Interview/ GD round will be used for final selection.
You can check the detailed exam pattern of SBI PO 2021 from here
The IBPS PO Exam also consists of three phases:-
Note:- Candidates’ combined scores of Mains and Interview Process in a ratio of 80:20 are used to create a merit list for the final selection.
You can check the detailed exam pattern for IBPS PO 2021
You can compare the previous years cut-off of SBI PO
You can also check out the previous years cut-off of IBPS PO
Your concepts should be very clear in order to clear the mains exams of both IBPS PO and SBI PO.
SBI PO Pros
SBI PO Cons
IBPS PO Pros
IBPS PO Cons
Q1. Which has faster promotions between SBI PO vs IBPS PO?
Ans. Promotions mostly depend on the capabilities of an employee, however, in general, SBI PO has faster promotions as compared to IBPS PO.
Q2. Who gives rural postings between SBI PO vs IBPS PO?
Ans. There are chances of rural postings in both SBI PO & IBPS PO during your probation period.
Q3. Which has the higher competition between SBI PO vs IBPS PO?
Ans. The number of applicants for both the exams is almost the same, however, due to the lesser number of vacancies in SBI PO the competition is quite higher.
Q4. Which has a greater workload between SBI PO vs IBPS PO?
Ans. All the banks nowadays have a high workload but SBI PO has a greater workload when compared to IBPS PO due to various government schemes being implemented through SBI.
That’s all for this blog, hope you guys get an idea of SBI PO vs IBPS PO which will help you in deciding your preferred exam.
Best of Luck.
This post was last modified on October 19, 2021 1:45 pm