Why banking jobs in India are the most preferred by the aspirants?

In India, the act of “demonetization” had proved to be a consequential decision for banking industry. It had led to pretentious recapitalization in banking sector. The banking sector got everybody’s attention in our country and is now one of the most flourishing sectors of India. Therefore, every aspirant wants to be a part and parcel of this flourishing sector, which will be growing manifold in years to come. SBI Clerk 2019 exam is one of the most sought exams which can become gateway to India’s biggest banking organization (SBI) for every aspirant. SBI has released 8653 vacancies for the post of Clerk also called Junior Associates now. The complete designation of this post is SBI Junior Associates (Customer Support and Sales).

Despite being one of the flourishing sectors, there are various other reasons which make banking industry as one of the most valued sectors by aspirants. In this article, we will discuss the reasons which make banking jobs as most preferred jobs and SBI Clerk 2019 exam as most sought competitive exam.

• Respectable job prospects

As we know banking sector is most thriving sector, the banking jobs are too having good prospects, as far as growth and promotions are concerned. The job of SBI Clerk is the beginning of the growth of a flourishing banking career. The candidate having post of SBI Clerk can rise to the status of an officer within few years of service. Every year, SBI expands its branches nationwide and so prospect of getting posted in any of the prominent or upcoming branches are promising.

• Job Security

SBI is a public sector bank and all public sector banks works under Indian Government jurisdiction and so there is job security. SBI Clerk job is a secured as well as high profile career option for the lifetime.  

• Handsome salary package

The salary packages of SBI Clerk are very handsome and attractive. In metro cities like Delhi or Mumbai, SBI Clerk salary will be around Rs 25,000/-, including various allowances. The allowances may vary as per the city of posting. For every fresh aspirant, it’s an encouraging thrust of living a good lifestyle.  

• Good Social Interaction

The concept of “Digital India” has connected billions of Indian to the banking industry. Among the prospering customers, there are thousands of bureaucrats, entrepreneurs, small and medium businessmen, sales and marketing executives, traders, wholesalers etc who daily interacts and indulges in any of the banking activities. SBI Clerk’s can interact with them and can develop good social relationship with them. The good social interaction can benefit them for a lifetime.

• Responsible and Reputable Job

The duties and responsibilities of SBI Clerk include many significant and confidential customer-based financial dealings. They are responsible in handling jobs like cash deposits, cash withdrawals, loan schemes and processing etc. It’s responsible as well as reputable job. 

• More Holidays and Allowances

As compared to other banks and private sector banks, SBI Clerk’s enjoy more holidays and allowances. There is list of festivals and bank holidays which are enjoyed by them. As far as allowances are concerned, they are many like they receive 4-7% Dearness Allowance of the basic pay and this may vary on their posting. They also receive 35 – 40% HRA (House Rent Allowance) of the Basic Pay, around 3-4% of Basic Pay as the Transport Allowance. They also receive the privilege of medical insurance for their families. Foe women employee, they enjoy maternity leave of 2 years, and this makes this job special for female candidates. 

For a promising bright future in banking sector, we would advise all our aspirants to prepare comprehensively for the forthcoming SBI Clerk 2019 exam.

In case you are looking for a bright future in bank job and located nearby Jharkhand you can bank upon IBT Jamshedpur to qualify the forthcoming bank exams!!

All the best!!!