Salary Comparison of Government and Private Sector Banks

One of the most coveted jobs in India is the bank job, which offers a plethora of bright options to the employees, be it a comfortable life style, stability or low interest rates on loans. Not just in India, but throughout the world, people try their level best to end up in a bank job, because of the benefits they offer, and preferably public sector banks, as they are always a few steps up in offering the benefits to the employees.

The Private Sector and the Government Sector banks offer various jobs to the eligible candidates through various exams, public notices and even campus placements, and offer bright career opportunities to them. In the private sector banks, the majority of the stakes are held by private shareholders, while in the Government sector banks, Government holds these majority stakes, and this is one reason why public sector banks are more covetous and considered more stable and secure.

Salaries of popular Public Sector Banks in India:

State Bank of India:

SBI Jobs and Salary in India

Union Bank of India:

United Bank of India:

Bank of India:

IDBI Bank:

Punjab National Bank:

Allahabad Bank:

Salaries of popular Private Sector Banks in India:

ICICI Bank:

HDFC Bank:

Yes Bank:

Axis Bank:

IndusInd Bank:

Pay Scale of HSBC Bank With Designation

Bank Jobs in India and their benefits:

In India, there are many reasons for which a bank job is considered to be one of the best employments, and hence people from various educational backgrounds and various interests apply for a bank job. Some of these reasons are:

• Comfortable working hours.
• Considerable number of leaves.
• Good salary packages
• Easy loan availabilities and that too at low interest rates.
• Medical benefits
• Retirement plans
• A healthy and comfortable working environment.
• Additional compensations on purchase, travel, and education.

Though some of these are limited to public sector banks, especially the retirement plans, one cannot doubt the easy acceptance of loan applications that the bank employees enjoy. So these are some perks of a bank job.

Bank PO Salary With Experience

How to approach the Bank Jobs:

There are many options for a bank job in India, in both public as well as private sector. There are about 26 Public sector banks in the country while many private sector banks are also functioning in urban as well as rural sectors. Both of these categories, open a lot of jobs and job profiles every year, and advertise about them through various means, take a look:

• The public sector banks advertise their jobs through newspapers, and public notices.
• The private sector banks recruit employees through various means like, walk in interviews, campus placements, and consultancies.
• Depending on the number of jobs, the private sector banks come up with their individual announcements as well.
• One can also look for the jobs for various banks online, on their official websites as well, and apply there itself, by submitting their CVs.
• The public sector banks conduct examinations on a national level, for their jobs, as the applicants apply in huge numbers and there are also reserved seats for special categories like SC, ST, OBC.

Qualifications for Bank Jobs:

The basic educational qualification required for a bank job, whether private or government is a Bachelor’s degree, preferably with accounts as a subject. But a candidate with any background can apply for the jobs. And afterwards, the written examination has to be cleared for the public sector jobs, and interview for the private sector. The Private Sector banks prefer candidates with an MBA degree, if inexperienced, in Administration, Finance or Banking.