SBI PO and IBPS PO – both are one of the most coveted exams in India. Through SBI PO, candidates are selected as Officers in State Bank of India (SBI) – the largest bank in India. Through IBPS PO, candidates are selected as Officers in other Public Sector Banks (Nationalised Banks) – Punjab National Bank, Bank of Baroda, Canara Bank, Union Bank of India, Indian Bank, Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Punjab and Sind Bank. In this article, we will have a look at the salary structure of SBI PO and IBPS PO and we will understand the difference in salary of both. We will know who gets more salary – SBI PO or IBPS PO. Let’s know which is better – SBI PO or IBPS PO?
SBI PO vs IBPS PO Salary Difference
| Component | SBI PO Salary (Rs.) | IBPS PO Salary (Rs.) |
|---|---|---|
| Initial Basic Pay | 56,480 | 48,480 |
| Dearness Allowance | 11,545.86 | 7,742 |
| House Rent Allowance (HRA) | 5,648.00 | 4,363 |
| City Compensatory Allowance | 2,300.00 | 2,300 |
| Learning Allowance | 850.00 | 986 |
| Special Allowance | 14,967.20 | 14,899 |
| Gross Salary | 91,791.06 | 78,770 |
| Deductions | 9,617 | 6027 |
| Net Salary | 82,174 | 72,742 |
As you can see, there is approximate difference of Rs.13,000 in gross salary of SBI PO and IBPS PO New Joinee. SBI PO gets approximately Rs.13,000 more gross salary than IBPS PO.
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SBI PO vs IBPS PO Allowance Difference
Following allowances are offered to both SBI PO and IBPS PO:
- Leased Accomodation Facility
- Dearness Allowance
- City Compensatory Allowance
- House Rent Allowance
- Medical Insurance
- Travelling Allowance
- Additional Allowances
- Loan Benefits
- Pension Contribution
- Leave Travel Concessions (LTC)
The allowances for SBI PO and IBPS PO are quite similar, but there are some important differences. One key area is the Leased Accommodation Facility. SBI offers a higher rent amount—₹17,000 for small cities like Agra, while IBPS PO gets only ₹11,000. The specific amount can vary among different banks under IBPS, but they tend to be around the same range. In metro cities, these amounts increase. When it comes to medical facilities, SBI has its own unlimited medical coverage, whereas other banks provide medical insurance through third-party companies with set limits. For example, PNB offers a medical cover of ₹5 lakh for its POs, and this limit can vary by bank.
If there are any more differences in SBI PO vs IBPS PO, please tell us in comment section below.
Which is better SBI PO or IBPS PO?
Both SBI PO and IBPS PO jobs are excellent opportunities. When you get selected for either position, you gain valuable experience in understanding how banks operate and their significant role in the Indian economy. SBI PO generally offers a higher salary than IBPS PO, making it an attractive option if salary is a priority. However, the job responsibilities for both roles are quite similar across all public sector banks. Therefore, while salary is an important consideration, it shouldn’t be the sole factor in your decision.
