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

USC EPFO EO and Bank PO are 2 of the very popular exams that are in demand today among the aspirants. These jobs provide you direct managerial positions at the start.

UPSC EPFO EO free test

To get a better idea of the jobs and which one to choose, here we are providing you with the complete comparison.

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

1. UPSC EPFO EO vs Bank PO – Brief Comparison

Parameters of Comparison UPSC EPFO Enforcement Officer Bank PO
SBI PO IBPS PO
Post Offered Enforcement Officer Probationary Officer Probationary Officer
Organization Union Public Service Commission (Dept. – EPFO) SBI (State Bank of India) IBPS (Institute of Banking Personnel Selection)
Mode of Examination Written + Interview Online Exam + Interview Online Exam + Interview
Selection Procedure Two-Stage ProcessI. Phase 1 – Written TestII. 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 Criteria Mandatory: 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.

An applicant needs to have the following academic qualifications to be eligible to write the exam.

1. The person wishing to apply needs to have Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government.
2. Those who are in the Final Year/ Semester of their Graduation may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation examination.3. Candidates possessing qualification of Chartered Accountant may also apply.

All the educational qualifications mentioned should be from a University/ Institution/ Board recognised by Govt. Of India/ approved by Govt. Regulatory Bodies.
2. Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. Where CGPA / OGPA is awarded, the same should be converted into percentage and indicated in an online application.
Salary Offered Gross monthly emoluments stands at Rs 60,000/- approximately The 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 Period The Probation period of an Enforcement Officer is 2 years The Probation period of a Probationary Officer is 2 years The Probation period of a Probationary Officer is 2 years
Job Responsibilities 1. Look after the work of Enforcement, Recovery, Accounts, Administration Cash, Legal, Pension.2. Computer work which includes the statutory and administrative functions like conducting inquiry settlement of claims, general administration.3. Maintenance of Cash Book/ administration; maintenance of Cash Book/Reconciliation of Bank Statements; MIS returns etc. 1. Probationary Officers in banks are into customer dealing and maintenance and supervising regular branch activities. 2. The POs are also responsible for certain Managerial tasks such as supervising the work of Bank clerks, verification of documents, managing cash balance, be 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.

Following are some of the duties assigned to Probationary Officers in banks:
Managing the front-desk: Probationary Officers are responsible for guiding customers, handling their complaints, introducing new products and services to them, issuing Demand Drafts, Cheques, ATM cards, etc.
Bring new business: Probationary Officers are responsible for bringing the bank new business and marketing their schemes
Supervising work: Probationary Officers must supervise the work of Bank Clerks such as cash management, account opening, checking cash transactions and authorizing them, dealing with customers, proofreading data entry done by clerks.
Process loans: POs are also responsible for providing & documenting loans and supervising the transactions

Career Prospectus The Career Progression is as follows:

Assistant PF Commissioner

Regional PF Commissioner I

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)

 

2. How To Prepare For UPSC EPFO EO & Bank PO

2.1 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.

2.2 Bank PO Exam Preparation

2.2.1 Learn Concepts

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

2.2.2 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

2.2.3 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.

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