What is the difference between the salary structure of SBI PO and SSC CGL?

Although SSC CGL and SBI PO are completely different career options, both of them offer a secure job and good pay working under the Government of India. Candidates often get confused between, which one of them to prepare for, and which one might best suit their career dreams. 

To arrive at a decisive conclusion, we must compare the SBI PO salary, job profiles, perks, and career growth options with SSC CGL jobs. Likewise, before you opt for a career path, you must know your skills, interests, and passion for work.

A comparison of SSC CGL and SBI PO job profiles

Given below is a broad comparison of the SSC CGL and SBI PO job profiles:

Job profile On-site inspection/Documentation Public Dealing
Posting Urban Urban/Rural
Promotions Usually After 4 to 6 years After 2 to 3 Years
Transfer Usually After 4 to 6 years Frequently
Online exam type Tier 1, 2, 3 & 4 Prelims & Mains
Bond No bond Rs. 2 lakhs/3 Years

SSC CGL Job Profile Details

The candidates who are recruited through the SSC CGL exam are placed in various positions in government ministries and departments. The jobs may be of two categories: Desk and Field jobs. 

Some of the job positions that are classified as desk jobs are Tax Assistants, Upper Division Clerks, auditors, and assistants. Their job responsibilities are confined to their desk and do not require any moving around.

However, the field job positions require some moving around or traveling. This makes the job profile a little more difficult. The job positions that classify as field jobs are Inspectors (preventive officers, examiners, excise and income tax), CBI and narcotics officers, etc. 

The SSC requires a few physical standards to qualify for some of the field jobs. Moreover, as these jobs involve traveling, surveillance, raids, and inspections, field jobs are mostly suitable only for candidates who can work under laborious job responsibilities.

SBI PO Job Profile Details

Some of the major job responsibilities of an SBI PO (Probationary Officer) include:

  • Working on everyday customer transactions, passing checks, issuing drafts, cash management, etc.
  • Working as a PRO (public relations officer), handling customer complaints and addressing different customer-related issues.
  • Supervising clerical work, making smart decisions for the benefit of the bank, and managing the cash balance.
  • Verifying all the clerical work of the bank.
  • Taking care of loan-related documents and performing on-site visits regarding the loan-taking parties whenever required.
  • Issuing checkbooks, ATM cards, Demand Drafts, etc.

Comparison of the salary structures of SSC CGL and SBI PO jobs

Salary or pay scale is often regarded as the most important factor that determines the choice of your career path. However, the difference between the pay scales of both CGL and PO jobs is not too huge. It was announced in 2014 that the salary of all bank POs will be equalized to the pay scale of Central Government Group officers, according to the10th Bipartite Agreement.

This implies that bank POs will receive a salary of about Rs. 40,000 – Rs. 50,000, increased from around Rs. 30,000 to Rs. 36,000 per month. This is much more than the pay scale of most SSC CGL jobs. Moreover, the pay scale of SSC CGL jobs is subjected to revision under the 7th pay commission.

Pay scale of SBI PO

As per the official notification from SBI, the pay of an SBI PO will be around Rs. 7.55 lakhs up to Rs. 12.93 lakhs per annum. Moreover, the salary of all bank employees will be revised every 5 years. Additionally, the SBI PO job comes with numerous perks above the salary, such as:

  • Contribution Pension Scheme or the New Pension Scheme
  • Travel Concession/ Leave Fare Concession
  • Concessional interest rates when availing Housing/Car/Personal Loans
  • Medical insurance provision for self (100%) and their family (75%)
  • LTC benefits

Pay scale of SSC CGL

The pay scales of the various SSC CGL jobs differ according to their grade pays. Given below are the respective salaries for the various CGL grade pays

  • 4 – Rs. 25,500 to Rs. 81,100
  • 5 – Rs. 29,200 to Rs. 92,300
  • 6 – Rs. 35400 to Rs. 1,12,400
  • 7 – Rs. 44,900 to Rs. 1,42,400
  • 8 – Rs. 47,600 to Rs. 1,51,100

What is the job transfer procedure in SSC CGL and SBI PO Jobs?

The transfer is applied for SSC CGL and SBI PO jobs as per different criteria. Here are the criteria according to which the transfer is given:

  • For SSC CGL jobs, an administrative service transfer is applied as per the requirement within the department of the employee.
  • For SBI PO jobs, every employee gets transferred within a span of 2 to 3 years. In the case of POs, the transfer is based on two criteria: job promotion and seniority.

What are the career growth options associated with SSC CGL and SBI PO jobs?

Career growth opportunities are also a vital factor to bear in mind when opting for a career path. Promotions come very quickly in banking sector jobs, within just 2 to 3 years. Moreover, given that you work hard for it, you will most likely become a Bank Manager within just 6 to 7 years. Hence, in the case of SBI PO jobs, sincere and hard work can get you to the top job positions of the bank in a short time.

For example, Mr. Yogesh Agarwal, Former Chairman, Pension Fund Regulatory and Development Authority, and Mr. S Mundhra, the Deputy Governor of RBI once started their career as Probationary Officers (POs). However, getting promoted to the top positions in the SSC CGL jobs is rather challenging and takes a long time.

The exposure obtained by the candidates in SBI-PO jobs is a lot higher than that in the SSC CGL jobs. Both job positions come with many allowances since they work for the government. However, SBI POs get promoted to higher positions more frequently. Conversely, the SSC CGL jobs witness a comparatively low career growth rate, since promotion does not occur as frequently. As far as salary is concerned, the SBI POs earn more than SSC CGL.

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