High Salary Govt Bank Jobs Complete List
In the current times, banking jobs are one of the most sought after jobs for the innumerable positives that it tags along with itself. Not only public sector banking jobs, the private sector banking jobs are also in huge demand. For aspirants who want to make their career into banking should complete their graduation and postgraduation in banking and its related field of subjects such as Economics, Statistics, Mathematics, Accounting etc. Though aspirants from other fields are also eligible to apply for any banking jobs, a degree in relevant fields would be given a preference over the rest.
Some of the top govt banks jobs in India include SBI PO, IBPS PO, RBI Grade B and many others. The most highlighting fact about these govt bank jobs is that, not only do they offer a very high and lucrative pay package but simultaneously they offer various other benefits and perks such as pension schemes, lower interest rates on loans, high interest rates for deposits and many more. The sections below will discuss the various top govt bank jobs in detail and their associated prerequisites for your reference.
Top Government Banks in India
Tabulated below are the top government banks in India along with their average salary structure and their grade pay for your reference.
| Name of the Banks | Average Starting Monthly Salary (INR) |
|---|---|
| State Bank of India | 19,900 |
| Punjab National Bank | 18,700 |
| Bank of Baroda | 17,065 |
| Canara Bank | 15,000 |
| Union Bank of India | 21,000 |
| Bank of India | 15,000 |
| Indian Bank | 17,500 |
| Central Bank of India | 20,000 |
| Indian Overseas Bank | 18,000 |
| UCO Bank | 13,700 |
Govt Bank Jobs
There are various stratifications and departmental designations across all the government banks in India, out of which Clerk and PO (Probationary Officer) are the most common and well known designations and entrance exams that aspirants for banking jobs have to clear. The sections below will discuss the top govrnmentt bank jobs in India based on their designations.
Auditor
As the name suggests, bank auditors analyze records and activities of the banks that they work for. Auditors go through year-end financial statements to ensure that the bank that they are associated with, reports all transactions and is being managed correctly. The average basic pay of an Auditor across any government banks in India is usually INR 33,700 along with a basic grade pay of INR 2,800 per month.
SBI PO
The duties of an SBI PO include managing administrative tasks, providing customer care, processing loans, creating bank accounts, etc. Various aspects of banking, such as retail banking and rural banking, are also covered under the obligations of an SBI PO. The average basic pay of an SBI PO INR 41,960 per month
SBI Grade B
Some of the basic duties of an SBI Grade B officer include, creating policies, onsite and offshore supervision, risk management, and data analysis. They are also in charge of creating and distributing show cause notices for enforceable violations, processing risk assessment reports.
Their work includes market development and regulation, data analysis, and research, as well as the creation of oversight and surveillance reports. The average salary of an SBI Grade B Officer ranges between INR 12L- 14L per annum.
NABARD Grade A & B Officer
NABARD Grade A & B Officers are in charge of establishing and sustaining friendly relationships with clients. They are tasked with creating and approving bank loans. They oversee each step of the bank’s accounting process. Ensure the office and its staff run efficiently. The average salary of a NABARD Grade A & B officer is INR 50,900 per month.
Finance Advisor
Finance Advisors are responsible for organizing their client’s finances, assisting with business and career strategies, and organizing after retirement plans.They are also in charge of creating tactics for insurance that work, making plans for the next generation. The average salary of a Finance Advisor is INR 27,700 per month.
RBI Assistant
Maintaining files, gathering receipts, keeping a ledger, adding up the balance, etc, entering regular transactions, maintaining and responding to email logs, answering RTI inquiries are some of the basic duties of an RBI Assistant. The average salary of an RBI Assistant is INR 20,700 per month.
NABARD Development Assistant
NABARD Development Assistants are responsible for handling a variety of State or Central Government policy-related concerns and manage the development of rural and agricultural areas. To improve the money, the staff must put ideas to use to boost membership numbers. The average salary of NABARD Development Assistants is INR 31,000 per month.
IBPS PO
Out of the several duties of an IBPS PO, the major responsibilities are handling client complaints and other customer-related concerns, an IBPS PO is also required to serve as a public relations officer. Additionally, they are in charge of managerial duties including managing personnel in the Clerical cadre and taking care of funds, loans, and cash flow. The average salary of an IBPS PO is INR 30,560 per month.
SBI Clerk
The SBI Clerks are in charge of opening bank accounts, managing NEFT/RTGS transactions, issuing demand draughts, issuing bank statements, transferring money using a variety of payment methods, handling requests for check books, etc. aiding consumers with their employment documentation as well. The average salary of an SBI Clerk is INR 19,900 per month.
Govt Bank Jobs: Eligibility Criteria
The basic eligibility criteria that are essential for any govt bank jobs in India are listed below,
- Candidates must complete their class 12 from a recognized board with a minimum aggregate score of 55% in any subject or stream.
- Candidates with prior knowledge of Commerce and Banking related subjects would be preferred over other candidates.
- They must complete their graduation and in certain cases post graduation in any field (preferably subjects relevant to banking and commerce) with a minimum aggregate score of 55% from a recognized University.
- They must clear any of the entrance exams that are conducted by the government bank authorities in order to finally bag any govt bank jobs across the country.
Govt Bank Jobs: Entrance Exams
Some of the top entrance exams that are conducted to hire employees both freshers and experienced professionals for any govt bank jobs are tabulated below for your reference,
Govt Bank Jobs: Approximate Vacancy
Tabulated below are the approximate vacancy for the top governmentt bank jobs in India for your reference,
| Bank Jobs | Approximate Vacancy |
|---|---|
| Auditor | 4,382 |
| SBI PO | 2,056 |
| SBI Grade B Officer | 133 |
| NABARD Development Assistant | 100 |
| IBPS PO | 5,809 |
| SBI Clerk | 8,000 |
| Finance Advisor | 3,176 |
| RBI Assistant | 950 |
| NABARD Grade A & B Officer | 162 |
Government Bank Jobs: Scope
After getting through any governmentt bank jobs, candidates are entitled to several promotions and yearly increments along with other perks. Some of the major career scope after joining any government bank jobs are listed below for your reference.
Any Government Banks
The basic promotion structure for various government banks in India are tabulated below along with their job description.
| Job Profile | Job Description |
|---|---|
| PO | In addition to handling client complaints and other customer-related concerns, a bank PO is also required to serve as a public relations officer. Additionally, it involves managerial duties including managing personnel in the Clerical cadre. Taking care of funds, loans, and cash flow. |
| Manager | A manager is a professional in charge of running a branch of a bank or financial institution on a daily basis. These obligations include creating business plans, hitting sales targets, providing excellent customer service, and increasing loan activity to enhance revenue. |
| Senior Manager | Senior bank managers are in charge of duties, such as interviewing, employing, and training staff; planning, allocating, and supervising work; evaluating performance; rewarding and disciplining staff; and responding to complaints and resolving issues. |
| Chief Manager | The term “Chief Manager” refers to the individual or organization who, in accordance with the terms of the Operating Agreement and this Agreement, has been chosen, appointed, or otherwise designated by the Board of Managers as a manager or officer of the Company. |
| Assistant General Manager | A person who assists the general manager in organizing, directing, and managing daily business operations is known as an assistant general manager. |
| Deputy General Manager | Deputy General Managers assist all clients in creating all policies, scheduling all managerial tasks for services, and ensuring the efficient operation of all organizations. They also help with forecasting all budget needs and preparing all strategies for clients in sales and marketing. |
| General Manager | A general manager is in charge of overseeing the entire operations of the business while also raising productivity and departmental profitability. They are in charge of managing a number of aspects of a firm, such as employing personnel, maintaining running budgets, and initiating price reductions that can draw in additional clients. |
| Executive Director | Executive Directors are responsible for making business plans, supervising day-to-day operations, enhancing performance, fostering organizational culture, managing department heads, submitting financial reports, and guiding organizational strategy. |
| Chairman and Managing Director (CMD) | A professional is in charge of successfully managing and leading the operations of a firm as the managing director. In order to keep and expand business, the managing director oversees and motivates all firm operations, employees, and endeavors. |
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RBI
| Job Profile | Job Description |
|---|---|
| Assistant | An RBI Assistant’s duties include maintaining files entails gathering receipts, keeping a ledger, adding up the balance, etc. Data entry is the process of entering regular transactions and maintaining and responding to email logs. |
| Assistant Managers | By carrying out administrative duties including scheduling, keeping track of inventory, and/or assessing employee performance, the RBI Assistant Manager maintains operational excellence. He or she fills the gap between high management and staff, regardless of the industry they work in, which can differ substantially. |
| Managers | RBI Managers are in charge of duties such as performing merchant banking tasks on their behalf to manage numerous state and federal government accounts. |
| Assistant General Managers | They oversee the work of managers and also in charge of managing client tales and mergers |
| Deputy General Managers | Deputy General Managers are in charge of looking after currency management functions of RBI . Work involved planning currency distribution in the eastern region, supervision of currency chests of banks and related policy formulation. |
| Chief General Managers | Chief General Managers are in charge of duties such as managing budgets, training department heads, directing daily operations, enhancing overall business operations, and articulating corporate objectives. |
| Executive Director | Executive Directors make choices on operational actions. Establish and track strategic operational KPIs. Look after the overall long-term corporate success strategy should be planned, implemented, and managed. Plan and keep an eye on daily operations and oversee, train, and manage employees from several departments. |
| Deputy Governor | Like a lieutenant governor, a deputy governor is a member of the state’s executive branch who reports to the governor. |
| Governor | the governor’s main responsibility is to uphold, defend, and safeguard the constitution and the law in the conduct of state business. |
FAQs
Ques: What is qualification for bank job?
Ans: A bachelor’s degree with a specialization in either business or management is the very minimum requirement for employment in the banking industry. You must also learn numerical aptitude, general awareness, reasoning, English, and fundamental computer skills in order to ace bank tests if you want to work in banking!
Ques: Which government bank job is best?
Ans: The top government bank jobs are,
- SBI PO.
- RBI Grade-B Officer.
- NABARD Grade A & B Officer.
- RBI Assistant.
- NABARD Development Assistant.
- IBPS PO.
- IBPS RRB PO.
- SBI Clerk.
Ques: Is banker a govt job?
Ans: bankers can be both a government job as well as a private job depending on the organization that they are associated with.
Ques: What is bank PO salary?
Ans: The average salary of a Bank PO is INR 30,500 per month.
Ques: What is SBI clerk salary?
Ans: The average salary of an SBI clerk is INR 19,900 per month.
Ques: Which is the lowest post in bank?
Ans: Clerk is the lowest post in any government bank jobs.
Ques: How can I become SBI PO?
Ans: Three steps make up the SBI PO selection process: Phase I (Preliminary), Phase II (Mains), and Phase III (Interview only or Group Exercises and Interview). First, the Phase I prelims test is required to be taken by all enrolled candidates.
Ques: Is banking job stressful?
Ans: Not really, but the banking, financial, IT, construction, and medical industries in India have some of the most demanding employment.
Ques: Is banking a good career?
Ans: When it comes to careers and employment opportunities, India’s banking industry is undoubtedly one of the most popular. Due to the high salaries and job stability offered by public and private sector banks, millions of recent graduates throughout the nation seek employment there.
Ques: Is PO exam tough?
Ans: No, IBPS PO can be successfully completed in your first attempt. The majority of the IBPS PO syllabus is fundamental, high school material, as you will see if you carefully review it. The majority of candidates struggle to pass the exam since they don’t have a good study strategy.
