Working in the banking sector is beneficial, especially in government banks. The banking sector in India financially independent and offers employment to lakhs of people. There are various positions available from clerk to branch head, which come with a promising package and other financial benefits. One of the most promising bank jobs is working as a clerk. IBPS clerk offers not just financial benefits, but also other employment benefits and career growth.
However, to work as an IBPS clerk, you need to undergo the test and other selection processes. Get an IBPS clerk to admit card, and then appear for the exam, only after which you will be selected if scored well. There is tough competition in the banking job, and one has to be well prepared to pass through this competition.
Let us check why working as an IBPS clerk is beneficial for an aspirant.
One of the primary reasons why aspirants are attracted towards the IBPS clerk job is because of the salary offered. The salary of the clerk keeps increasing gradually with the experience. Moreover, the promotion they get also brings benefits along with it. The in-hand salary of the IBPS clerk usually ranges around Rs 11,000 and Rs 31,000/-
The salary structure also includes- DA, HRA, Medical Insurance, and Travelling Allowance.
Promotion And Career Growth
The promotion and career growth in the IBPS clerk job are rewarding. The career growth is as per the scale, which starts from Scale 1- Assistant Manager, then goes to Scale 7- General Manager. With every promotion, there is an increase in salary and other job responsibilities. You may even get a transfer to a new city or a different branch.
IBPS Clerk Responsibilities
The salary and other benefits to the clerk do not come easily. There are responsibilities the employee needs to work upon. Some of the duties the clerk needs to fulfill are –
- Verifying different official documents submitted by customers
- Passbook, DD, bank accounts for the customers, and cash receipts
- Guiding customers for banking activities
- Issuing and updating the passbook
- Attending treasury work
- Single window operation
If you are keen on taking up the IBPS clerk job, then you must know the roles and responsibilities it comes along. Sometimes, especially during the financial year ending time, the workload increases, going beyond the working hours. Bank employees, especially clerks, are paid extra.
One of the biggest government banks is SBI, which hires clerks under the huge vacancy list. Aspirants who are IBPS clerk exam pass out can apply for the SBI clerk position. There are thousands of SBI branches across India, and you can apply for any branch or be transferred to any branch depending on the vacancy and your performance.
For SBI clerks, there is an excellent opportunity for promotion in comparison to other government banks. Employees, if worked efficiently, will be given a higher position of general manager. Retiring as a general manager from SBI will invite a good pension for life long.
Hierarchy Structure In Private Banks
Whether you are working as a clerk or any other post, there is a hierarchy structure in private sector banks, similarly to public sector banks.
- Clerks – This is a front desk position job where the clerk needs to deal with customers and have different responsibilities, including opening and closing the account, rendering loans, managing official documents, etc.
- Officers – This is the higher post, and the officer is responsible for conducting a seminar and planning business programs. The salary of the officer is relatively high compared to the clerk. They are responsible for analyzing financial reports.
Overall, the career of an aspirant IBPS clerk is positive and offers excellent opportunities to an individual. If you want to enjoy better pay like the officer, then work diligently is the key.