UPSC EPFO EO vs Bank PO – A Brief Comparison | Check Here

Published on 27 May 2023 by
upsc epfo eo vs bank po

UPSC EPFO EO v/s Bank PO

UPSC EPFO EO vs Bank PO: UPSC EPFO EO and Bank PO are 2 of the very popular exams that are in demand today among the aspirants. You can land managerial positions right at the start if you clear these. To get a better idea of the jobs and which one to choose, here we are providing you with a complete comparison.

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1. UPSC EPFO EO vs Bank PO – Brief Comparison

We have taken several parameters into comparison to give you a brief overview:

Parameters of ComparisonUPSC EPFO Enforcement OfficerBank PO
SBI POIBPS PO
Post OfferedEnforcement OfficerProbationary OfficerProbationary Officer
OrganizationUnion Public Service Commission (Dept. – EPFO)SBI (State Bank of India)IBPS (Institute of Banking Personnel Selection)
Mode of ExaminationWritten + InterviewOnline Exam + InterviewOnline Exam + Interview
Selection ProcedureTwo-Stage Process
I. Phase 1 – Written Test
II. Phase 2 – Interview		Three-Stage Process:
I. Prelims Exam (Online Exam)
II. Mains Exam (Online Exam)
III. Interview		Three-Stage Process:
I. Prelims Exam (Online Exam)
II. Mains Exam (Online Exam)
III. Interview
Eligibility CriteriaMandatory:
Bachelor’s degree in any subject.

Desirable Requirements:
(a) Bachelor’s degree in Law/Integrated Five years Degree in Law/Masters in Business Administration/Post Graduate Diploma in Management/Company Secretary/Chartered Accountants/Cost and Management Accountant

(b) Two years of experience in Administration/Accounts/Legal Matters in any government or Listed – Private Organisation.		1. Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.

(Final Year Graduate/PG students may also apply. If qualifying for interview, it is mandatory to bring proof of clearing the degree.)
1. Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.

Note:
All the educational qualifications mentioned should be from a University/ Institution/ Board recognized by Govt. Of India/ approved by Govt. Regulatory Bodies.
Salary OfferedGross monthly emoluments stands at Rs 60,000/- approximatelyThe gross
emoluments for a Probationary Officer (PO) at SBI would range from Rs 8.2 lakhs per annum to a maximum of Rs 13.02 lakhs per annum depending on the city they are posted in.		The basic salary of a Probationary Officer is 23,700/-.

The in-hand salary drawn by an IBPS PO is approximately 38,360 to 40,700. However, the salary will vary according to the location of the posting.
Probation PeriodThe Probation period of an Enforcement Officer is 2 yearsThe Probation period of a Probationary Officer is 2 yearsThe Probation period of a Probationary Officer is 2 years
Job Responsibilities1. Look after the work of Enforcement, Recovery, Accounts, Administration Cash, Legal, and Pension.

2. Computer work which includes statutory and administrative functions like conducting inquiry settlement of claims, and general administration.

3. Maintenance of Cash Book/ administration; maintenance of Cash Book/Reconciliation of Bank Statements; MIS returns etc.		1. Customer dealing and maintenance and supervising regular branch activities.

2. Managerial tasks such as supervising the work of Bank clerks, verification of documents, managing cash balances, being aware of the latest developments in the bank, etc.		Probationary Officers need to have knowledge in various departments like Finance, Marketing, Loans & Advances, Accounting, etc.

1. Managing the front desk
2. Bring new business
3. Supervising work
4. Process loans
Career ProspectusThe Career Progression is as follows:

Assistant PF Commissioner -> Regional PF Commissioner -> Additional Central PF Commissioner -> Additional Central PF Commissioner (HQ) -> Central PF Commissioner		The Career Progression is as follows:

Probationary Officer -> Assistant Manager -> Deputy Manager Manager -> Chief Manager -> Assistant General Manager -> Deputy General Manager -> General Manager -> Chief General Manager -> Deputy Managing Director -> Managing Director -> Chairman		The Career Progression is as follows:

Junior Management Grade – Scale I: Probationary 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 -> Executive Director (ED) -> Chairman and Managing Director (CMD)
Attempt a UPSC EPFO EO Mock Test

How To Prepare For UPSC EPFO EO & Bank PO

Now that you have seen the differences between the two posts, you can take a look at some preparation tips for both of these, given below-

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UPSC EPFO EO Exam Preparation

Wondering how to start about the preparations of the UPSC EPFO EO? Well, here we are with a solution to your problems. Oliveboard brings UPSC EPFO EO Mock tests and study notes.

Click here now to access the notes and Mock tests.

Attempt a UPSC EPFO EO Mock Test

Bank PO Exam Preparation

If you’re wondering how to go about preparing for Bank PO, use the following tips to get the best preparation-

Learn Concepts

  • 100+ Bank PO Online Classes (Live Classes, Practice Sessions, Video Lectures)
  • Conducted by some of India’s Best Faculty for each section.

Practice with Mock Tests – As per Latest Pattern

  • 10,000+ Bank PO Practice Questions & Detailed Solutions
  • Mock Tests based on analysis of last 10 years question papers
  • Get detailed Solution for each question with shortcut tricks
  • Mock tests for both Prelims & Main Exams

Improve Your Scores

  • AI-Based Performance Analysis with Strong & Weak Areas matrix.
  • Sectional time and accuracy analysis, Score Percentile.
  • Score & Time Comparison with Toppers’ and much more.

That brings us to the end of this article. We hope the comparison shared here between UPSC EPFO EO, Bank PO helps you make a viable decision. We have tried and covered multiple aspects on which the comparison is done for a better understanding.

Attempt a UPSC EPFO EO Mock Test

UPSC EPFO EO v/s Bank PO: Conclusion

In summary, both UPSC EPFO EO and Bank PO are respectable job profiles with their own set of advantages and challenges. It ultimately comes down to your interests, skillset, and career goals when choosing between the two.

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