State Bank of India PO vs Reserve Bank of India Grade B Officer

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SBI PO

The probationary officer in State Bank of India is better than the Probationary officer in other Bank. Because the State Bank of India is a universal Bank operating in various types of outfits and dimensions of banking. Probationary officer involves in banking administration task. The training of an SBI PO is far better than the other bank PO.

Eligibility Criteria

The candidate is required to follow the given criteria to be eligible for SBI PO exam.

Eligibility Criteria Description
Nationality Only Indian citizen are allowed to apply for the Probationary officer in State Bank of India.
Age Limit Candidate should be in the age group of 21-30 years i.e. they should not have been born before 2 May 1988, and not after 1 May 1997.

A candidate who belongs to SC/ST category upper Age limit is relaxed up to 5 years for OBC category upper Age limit is relaxed up to 3 years and upper Age limit is relaxed up to 10 years in the case of Person with Disabilities

Ex-Servicemen (Includes Emergency commissioned officers or short service commissioned officers) who have given 5 years of military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) other than through dismissal on the charge of misconduct upper age limit is relaxed up to 5 years.

Those who are domiciled in Kashmir division of the state of J&K between 1 January 1981 and 31 December 1990 upper age limit is relaxed up to 5 years.

PWD (SC/ST), PWD (OBC) and PWD (General) upper age limit is relaxed respectively up to 15, 13 and 10 years.

Educational Qualification Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the central Government.

Those who are in the final year/semester of their Graduation may also apply provisionally subject to the condition that, if called for an interview, they will have to produce proof of having passed the graduation examination.

Candidate possessing the qualification of Chartered Accountant may also apply.

Candidate having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is as per the date decided by the SBI.

Number of Attempts General category candidate – 4 Attempts

General (PWD) category candidate – 7 Attempts

OBC category candidate – 7 Attempts

OBC (PWD) category candidate – 7 Attempts

SC/ST category candidate –  No restrictions

 

Salary and Career progression in SBI

Basic salary of a Probationary officer in State Bank of India is 27,620 INR with 4 advance increments. Initial in hand salary of SBI PO is approximate 38500 to 40000 INR. According to the official notification, the total compensation per annum of a probationary officer in State Bank of India is minimum 7.93 lacs and maximum is 12.95 lacs. State Bank of India offers immense growth promotion cycle which is very fast once can even reach up to the level of chairman of the group.

General Manager

The promotion policy of SBI provides an opportunity to the meritorious and exceptionally brilliant officers to reach the top management grade in a quick time. And it also offers foreign posting to a selected officer based on their performances.

Perks and Allowance

  • If you have not any 2 or 4 wheeler vehicles then SBI pay Conveyance allowance approximately 1100 – 1250 INR. But in case if you have any vehicle then SBI provide 50 Litre (For 2 wheeler ) and 55 Litre (For 4 wheeler) petrol.
  • A Probationary officer receives home rent allowance which is based on the posting area. And it is between the minimum of 8000 INR (in a rural area) and maximum of 29500 INR (Urban area).
  • A Probationary officer gets 100 percent medical coverage from SBI and 75 percent for their family members.
  • State Bank of India provides AC 2- tier fare for official travel.
  • SBI also provide furniture allowance almost 120000 INR.
  • Loan Facilities- If any probationary officer wants to take a loan then Loans are cheaper for employees of the SBI. They also get lesser interest rates on loans.

Work hours

  • After selection as a probationary officer, you will be probation of 2 years during which you will be given intensive training. After completion of training, you will have to go through a screening process. While those officers who achieve the predetermined standards may be confirmed and given placed in the next higher grade scale.
  • As a probationary officer in SBI, you have to work 6 days a week. And the work hour typical of a 10 to 7 job.

Cons of SBI PO

  • After selection, there are major chances to post in the rural area which is a big issue if you are an urban living people.
  • A Probationary officer works hard than other bank employees. As PO your work pressure is high.
  • There is the big issue of transfer, employees are transferred in every three years. So if you are a family person then it is very difficult for you.

RBI Grade B

RBI Grade B

RBI Grade B service is the best one among all bank jobs. It’s an opportunity to which can give you one of the most prestigious posts in the country. In this job, you’ll be working with the country’s most intelligent minds and will be handling the country’s finances directly. It is a big privilege to work with the Reserve Bank of India.

RBI is the backbone of India’s financial and economic status. An RBI officer directly impacts the life of every Indian. As the RBI officer, you’ll have to directly manage all the government and central Bank accounts.

RBI officer maintaining the circulation of currency and coins issued by Reserve Bank of India and RBI officer is responsible for smooth circulation of these coins and currencies to various nationalized banks under the orbit of RBI. Apart from this, the RBI Grade B officer is responsible for the smooth functioning of the economy and designing various guidelines which is Public Sector Bank and other banks follow. RBI officer has to control the supply of liquidity for the productive sector of market.

RBI Grade B eligibility Criteria

Candidate is required to follow the given criteria to be eligible for RBI grade B exam.

Eligibility Criteria Description
Nationality Only a citizen of India, Nepal, Bhutan or a Tibetan refugee who came to India before

1 January 1962 to settle in India and people of Indian Origin who migrated to from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Age Limit Candidate should be in the age group of 21-30 years i.e. they should not have been born before 2 May 1988, and not after 1 May 1997.

A candidate who belongs to SC/ST category upper Age limit is relaxed up to 5 years for OBC category upper Age limit is relaxed up to 3 years and upper Age limit is relaxed up to 10 years in the case of Person with Disabilities

Candidates with aM.Phil degree and PhD qualification have a relaxation of 2 and 4 years in the upper age limit. Upper Limit for such candidates as 32-34 years respectively.

Candidates having experience as an officer in any of the commercial Banks or financial institutions in the public sector as also prior experience in RBI, Upper age limit is a relaxation of 3 years. Upper age limit for such candidate should not exceed 33 years.

Educational Qualification General Category applicant secured at least 60  aggregate marks whereas SC/ST/PwD category applicant secured at least 50  aggregate marks in their Bachelor’s degree, as well in 12th (or Diploma or equivalent)
Number of Attempts General category candidate – 6 Attempts

OBC category candidate – No restrictions

SC category candidate –  No restrictions

Read More: RBI Grade B eligibility criteria

Salary and Career progression of RBI Grade B Officer

RBI’s organizational hierarchy is divided into three classes Ist, 3rd, and 4th. In which Class Ist is further divided into Groups A to F. Group A stands for lowest and group F stands for highest position. The salary of group B officer is varied as per the area. The Basic pay is 35,150 INR and the initial monthly gross emoluments will be close to 67,000 INR, after all the deduction an RBI officer receive 61,000 as current in hand salary.

Hierarchy level of Grade B officer as follows-

RBI Grade B progress level

If you are recruited at a young age, then you can easily go up-to deputy governor after clearing Departmental exams. There are a lot of departmental exams within RBI for an officer to speed up their promotions. With so much experience in the RBI even if you don’t continue with the RBI lots of other banks will willingly invite you to fill their executive positions & pay you very handsome salary.

Perks &Allowances

  • Conveyance allowance is paid on the basis of declaration and you need not necessarily have a vehicle. At the Big Centre, the amount is additional 14000 in hand.
  • LFC Travel- It is one of the best allowances offered by RBI. One can go for a tour with his/entire family at the bank’s cost every 2 years. RBI pays almost 107,000 per head for the tour.
  • RBI offers accommodation for RBI Grade B officers in RBI colonies which are well maintained. These colonies are generally located in heart area of city and close to offices. RBI generally often 2/3 BHK flat which depends on the availability depending.
  • RBI provides a medical allowance for Grade B officer.
  • RBI Officer’s receives approximate 3000 per months for maid services.
  • Loan Facilities- If any RBI Grade B officer wants to take a loan then Loans are cheaper for employees of the RBI. They also get lesser interest rates on loans.

Work Hours

  • After selection RBI officers will have approbation period for two years and after the completion of the probation period, they are allotted to the respective department.
  • RBI grade B officer works 5 days in a week. And the work hour are typical of a 9 to 5 job. So you have enough time to do your hobbies and prepare for other competitive exams.

Cons of RBI Grade B

  • RBI Grade B known as for slow promotions that means the later you are join the lower are your chance to reaching at the top position.
  • RBI Grade B is highly underrated.