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The IBPS<\/strong> is expected to release the official notifications for IBPS PO<\/strong><\/a> and Clerk<\/strong> <\/a>sometime soon. Every year lakhs of candidates sit for the IBPS PO<\/strong><\/a> and Clerk exams<\/strong><\/a> making them two of the most sought-after examinations conducted by the Institute of Banking Personnel Selection.<\/em><\/span><\/p>\n We suggest you stop waiting for the notification & start your preparations for the exam. However, some of you may still be confused about which one to choose between the two.<\/span><\/p>\n Therefore, in the following article, we are providing you a brief comparison between IBPS PO<\/strong><\/a><\/span> and IBPS Clerk<\/strong><\/a><\/span> to help you make the right choice:<\/em><\/span><\/p>\n <\/p>\n The basic salary<\/strong> of a Probationary Officer is 23,700\/-.<\/strong> The in-hand salary<\/strong> drawn by an IBPS PO is approximately 38,360<\/strong> to 40,700<\/strong>. However, the salary will vary according to the location of posting.<\/span><\/p>\n Perks:<\/strong> Dearness allowance, Special allowance, House rent allowance, City compensatory allowance, Travel allowance, Leased accommodation, Newspaper reimbursement, Medical aid, Benefits under the New Pension Scheme.<\/em><\/span><\/p>\n <\/p>\n The basic salary<\/strong> of a bank clerk<\/a>\u00a0is\u00a011,765<\/strong>. The in-hand approximate salary of a bank clerk per month is 19,461\/-.<\/strong> The salary will vary according to the location of posting.<\/span><\/p>\n Perks:<\/strong> Dearness allowance, House rent allowance, Medical allowance, etc.<\/em><\/span><\/p>\n <\/p>\n After appointment, candidates are given a 10 to 20 days (duration varies from bank to bank) induction training in Management Training Academics<\/strong> of the bank. After the completion of induction training, candidates can be posted anywhere in India since a Government Bank Officers service is pan-India. Assistant Managers<\/strong> have to go through a probation for 2 years.<\/span><\/p>\n During probation the officer is exposed to all kinds of work from different departments. The Officers may undergo frequent transfers or deputations during their probation period. Post-probation, the officers are confirmed as Assistant Manager<\/strong> and given a\u00a0permanent posting.<\/span><\/p>\n <\/p>\n Career progression:<\/u><\/em><\/span><\/p>\n This is what an ideal career progression of an IBPS PO looks like:<\/u><\/span><\/p>\n Junior Management Grade \u2013 Scale I: Probationary\u00a0Officer<\/em><\/span><\/p>\n Middle Management Grade \u2013 Scale II:\u00a0Manager<\/em><\/span><\/p>\n Middle Management Grade \u2013 Scale III:\u00a0Senior Manager<\/em><\/span><\/p>\n Senior Management Grade \u2013 Scale IV:\u00a0Chief Manager<\/em><\/span><\/p>\n Senior Management Grade Scale V:\u00a0Assistant General Manager<\/em><\/span><\/p>\n Top Management Grade Scale VI:\u00a0Deputy General Manager<\/em><\/span><\/p>\n Top Management Grade Scale VII:\u00a0General Manager<\/em><\/span><\/p>\n Executive Director (ED)<\/em><\/span><\/p>\n Chairman and Managing Director (CMD)<\/em><\/span><\/p>\n <\/p>\n Post-selection, the IBPS Clerk candidate has to undergo a probation for six months<\/strong>.<\/span><\/p>\n <\/p>\n Career progression:<\/u><\/em><\/span><\/p>\n IBPS Clerks get a chance to get promoted to higher levels through promotional examinations<\/strong> within 2 years of joining the bank. Upon successful completion of the exam, clerks can get promoted<\/strong> to officer post<\/strong>, which increases their salary <\/strong>and changes their job profile<\/strong>.<\/span><\/p>\n <\/p>\n This is what an ideal career progression of an IBPS Clerk looks like:<\/u><\/span><\/p>\n Bank clerk<\/em><\/span><\/p>\n Officer<\/em><\/span><\/p>\n Senior Officer<\/em><\/span><\/p>\n Assistant Manager<\/em><\/span><\/p>\n Manager<\/em><\/span><\/p>\n Senior Manager<\/em><\/span><\/p>\n Chief Manager<\/em><\/span><\/p>\n Assistant General Manager (AGM)<\/em><\/span><\/p>\n Deputy General Manager (DGM)<\/em><\/span><\/p>\n General Manager (GM)<\/em><\/span><\/p>\n Executive Director (ED)<\/em><\/span><\/p>\n Chairman and Managing Director (CMD)<\/em><\/span><\/p>\n <\/p>\n Clerks have two ways of getting promotions in a bank:<\/span><\/p>\n Increments of candidates while working as a clerk depends on their performance during probation as well as while working with various departments. After a few years of service, eligible bank clerks can take internal promotional exam to become a Trainee Officer (TO)<\/strong> and then later Probationary Officer.<\/strong><\/span><\/p>\n <\/p>\n Probationary Officers<\/strong><\/a> need to have knowledge in various departments like Finance, Marketing, Loans & Advances, Accounting, etc. <\/em><\/span><\/p>\n Following are some of the duties assigned to Probationary Officers in banks:<\/em><\/span><\/p>\n Managing the front-desk: <\/strong>Probationary Officers are responsible for guiding customers, handling their complaints, introducing new products and services to them, issuing Demand Drafts, Cheques, ATM cards, etc.<\/span><\/p>\n Bring new business:<\/strong> Probationary Officers \u00a0are responsible for bringing the bank new business and marketing their schemes<\/span><\/p>\n Supervising work:<\/strong> 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.<\/span><\/p>\n Process loans:<\/strong> POs are also responsible for providing & documenting loans and supervising the transactions<\/span><\/p>\n <\/p>\n Bank Clerks serve as the first point of contact sought by customers for inquiries & guidance.<\/span><\/p>\n Following are some of the responsibilities of Bank Clerks:<\/span><\/p>\n After digitization of banking, bank clerks\u2019 jobs are mostly related to working on computers and entering the daily transactions and other information served to customers.<\/span><\/p>\n <\/p>\nSalary, Promotions & Perks<\/u><\/strong><\/span><\/h5>\n
IBPS PO<\/u><\/strong><\/a><\/span><\/h6>\n
IBPS Clerk<\/u><\/strong><\/a><\/span><\/h6>\n
Designation<\/u><\/strong><\/span><\/h5>\n
IBPS PO<\/u><\/strong><\/a><\/span><\/h6>\n
IBPS Clerk<\/u><\/strong><\/a><\/span><\/h6>\n
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Job Profile & Responsibilities<\/u><\/strong><\/span><\/h5>\n
IBPS PO<\/u><\/strong><\/a><\/span><\/h6>\n
IBPS Clerk<\/u><\/strong><\/a><\/span><\/h6>\n
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Posting & Transfer<\/u><\/strong><\/span><\/h5>\n