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Different Posts Available in the Banking Sector

Update on 2024-04-15

Different Posts Available in the Banking Sector 2024

Different Posts Available in Banking Sector 2024: If you are a banking aspirant and want to know about the different posts available in the banking sector in 2024. Then we have extracted some very useful information for you. Read this article and get to know about various banking jobs.

Banking is said to be a promising and satisfying career field as it provides work-life balance, good pay packages, and ultimate career scope. Currently, there are many job posts available in public and private banks. If you are a banking aspirant, then you will be glad to know that there are more than 41,177 posts lying vacant in the Public sector banks as said by the Union Finance Minister of India Nirmala Sitharaman.

According to a written letter reply sent by the Finance Minister, There are 8,05,986 sanctioned posts and 41,177 vacant posts in Public sector banks. These are the no.’s stated in the parliament during a session in the last year. In the year 2024, there will be mass recruitment held for various banking posts in the public sector. Candidates can apply for the various posts such as Clerk, Officer, and sub-staff available in the public sector banks.

Check the latest updates about Different Posts available in the Banking Sector 2024, Banking Exams Calendar 2024, and Most Popular Banking Exam 2024 here.

Related:- Upcoming Banking Exam Dates - Career as a Bank Manager

Related:- List of Banking Courses 2024

List of Bank Positions in India

  • Probationary Officer
  • Bank Specialist Officer
  • Clerks
  • Manager/Assistant Manager
  • RBI Grade "B" Officers
  • RBI Grade "B" Officers:
  • NABARD Grade “A” Officer

Banking Service: Posts, Salary, Exams

Entrance exam

Posts in Banking Sectors

Basic Salary



Rs. 23,700 Basic Pay



Rs. 27,620 Basic Pay


Rs.23,000-Rs. 42,000


Rs.23,700 Basic Pay
SBI Clerk Exam

SBI Clerk Post

Rs.11,765 Basic Pay

IBPS Clerk Exam

IBPS Clerk Post Rs.11,765 Basic Pay


Office Assistant Rs. 7200- 31,500

RBI Assistant Recruitment

RBI Assistant Rs. 13150-34990

RBI Grade B

RBI Grade “B” Officers Rs.67, 933 

Indian Bank PO

Indian Bank PO Rs.23, 700 basic pay

Banking Sector: Positions in Banking Sector

1. Probationary Officer: A Bank PO is also known as a management trainee. One can get directly recruited as a Probationary Officer in a bank by appearing in exams such as SBI PO, and IBPS PO. A person who is working as a Clerk or in any other clerical position can also be promoted to the post of PO. This post is one of the most high-in-demand positions among the different posts available in the banking sector in 2024. There is a huge scope of career growth for a probationary officer, he/she can be promoted to the post of Assistant Manager or maybe a higher position depending on his dedication and work experience. Speaking of the roles and responsibilities of a Bank P.O -Handling loan management, Genera banking, and administration services such as managing cash, opening accounts for the customers, and marketing the banking products are some of the major responsibilities of a bank probationary officer. Once a P.O gets the experience of a few years, he/she will be handed over the tasks such as planning, budgeting, marketing, investment management, and loan processing. The average salary of a Bank P.O is Rs 5.57 to Rs 8.5 L.P.A.

2. Bank Specialist Officer: The Bank S.O is employed in various departments of a bank such as marketing, engineering, Public Relations, management, etc. The specialist officers are responsible to analyze the customers/companies and understand whether they are eligible to get a loan and hold a certain capacity to repay it with interest or not. Their decision determines whether the loan should be sanctioned to the customer or not.  As the name implies, an S.O is specialized to work in specific departments and they do not handle the main work of the bank which is serving the customer. A Bank specialist officer is only responsible to work in and with the various departments of the bank. The growth opportunities for a Bank S.O are limited however the salary is quite handsome. The Average salary of an S.O may vary from Rs 4 L.P.A to Rs 4.6 L.P.A.

Banking Sector: Grades in Banking Sector/ Bank Designation

There are various grades and positions that lie under the Category of Specialist Officer:


Experience Required

JMG Scale I or Junior Management Grade B Scale I

No experience required

MMG Scale-II or Medium Management Scale-II Grade A

At least 2 years

Middle Management Scale-III Grade A

5 years or more

Middle Management Scale-III Grade A

10-15 years

The S.O officers are categorized according to the departments they are recruited for, below is the given description of the same:

  • IT Officer: Many functions and operations of the bank depend on IT, therefore IT officers are required in all the banks and their branches. They are responsible for the smooth functioning of the system software, and maintenance of the database, server, and other networking elements of the banks.

  • Agricultural Officers: These types of Specialist officers are responsible for promoting the various agricultural loan schemes in the rural areas of India. It is their duty to spread awareness about government policies and schemes. They also need to maintain public relations with farmers to bring in new customers and generate leads.

  • Law Officers: The bank's judicial and legal matters are handled by Law officers, these officers are LLB, LLM, MBA/CAIIB qualified. This job role holds great significance in the banking sector.

3. Clerks: The bank Clerks are the ones who are responsible for performing various banking operations. This is the initial and lowest post among the different posts available in the banking sector in 2024. There are various types of Clerks in a bank for eg- an interest clerk is responsible for keeping the track of interests in the savings accounts of customers and interests on various investments and loans taken by the customers. The account clerks open and close the bank accounts for the customers whereas the exchange clerks are the ones who are responsible for exchanging and translating the money from one currency to another. Please note that clerks are an integral part of a bank's administration and they also have to fulfill some operations such as data entry and management, typing customer letters, etc. The average salary of a Bank Clerk is Rs 3.5 Lacs

4. Manager/Assistant Manager: Bank Manager/Assistant Manager is a position that is acquired by experienced banking professionals who are working in the bank for at least 5-5 years. An MBA degree holder is most likely to get promoted to an Assistant Manager. A P.O can also rise up to the position of Assistant Manager or Manager after the promotion however this promotion is given after 7-10 years of service as a Probationary Officer. There is no specific exam conducted to recruit the candidates for Assistant Manager or Manager position.

5. RBI Grade "B" Officers: RBI is the central bank of India and it regulates the monetary policies of India. Candidates who are very ambitious about their banking careers can apply for the recruitment process of "Grade B" RBI Officers. Undoubtedly, the RBI's recruitment process is rigorous but it is worth it. If you get recruited as a Grade "B" officer in RBI, you will become part of India's regulating body of the banking sector. You will have to look after various functions of the bank and if in case you got chosen for the statistics & economics department of RBI, you will also become responsible to play a role in the decision makings for the functioning, regulating, and development of the country.

6. NABARD Grade “A” Officer: National Bank for Agriculture and Rural Development is a development organization created for the welfare of rural India and its agriculture sector. Any candidate applying for the NABARD Grade A Officer post must have an in-depth knowledge of the rural economy of India. This is one of the most respected job posts in the banking sector. One can achieve greater heights in their banking career by getting selected for NABARD.

Different Posts in Banking Sector

There are different Position Available in the Banking Sector 2024, however, these are some of the most popular banking posts and exams that can help you to get a handsome salary package and great benefits:

Banking Jobs Available in 2024


No. of Vacancies

Exam Date

SBI Clerk


Prelims - 10th to 13th July 2024
Mains - 01st October 2024 (revised)

SBI Probationary Officer


Prelims - 21st & 27th November 2024
Mains - 02nd January 2024

SBI Specialist Officer


Yet to be Announced



Prelims - 15th, 16th, 22nd October 2024
Mains - 26th November 2024

IBPS Clerk


Prelims - 15th, 16th, 22nd & 23rd October 2024
Mains - 17th December 2024



Prelims - 24th, 31st December 2024
Mains - 29th January 2024



07th, 13th, 14th, 20th, 21st August 2024 (Prelims)
01st October 2024 (Mains for Clerk)
24th September 2024 (For PO)

RBI Assistant


Not announced yet



10th April 2024

RBI Office Attendant


9th April and 10th April 2024

As you can see in the table mentioned above, The exams conducted by IBPS, SBI, and RBI conduct the most popular bank exams. So here is a brief description of the exam conducting authorities:

  1. State Bank of India abbreviated as SBI is India's largest bank which is owned by the Government of India. SBI conducts recruitments for the posts of SBI PO, SO, Clerk, and other posts. To recruit the candidates for these posts, various exams are conducted by the bank. The shortlisting process is completely based on these exams.  For the Post of PO and Clerk, SCI conducts the exams in two phases- Prelims and Mains whereas to fill the vacancies of S.O (Specialist Officer), there's only one main exam.

  2. Institute of Banking Personnel Selection (IBPS) is one of the top and most popular banking recruitment authorities that recruit banking professionals for various private and public banks. It conducts various banking exams such as IBPS Bank PO, IBPS RRB, IBPS Clerk, IBPS SO, etc. After qualifying for a banking exam conducted by IBPS, an individual can get posted in a private or public bank.

Participating Banks in IBPS Exams


Total Vacancies

Canara Bank



Bank of India



Punjab National Bank



UCO Bank



Bank of Maharashtra



Central Bank of India



Indian Bank



Indian Overseas Bank



Punjab & Sind Bank



Bank of Baroda



Union Bank of India



  1. Reserve Bank of India, also known as RBI is one of the major central banking institutions of India. The bank manager the monetary policy of the Indian Currency. Every year the bank conducts a recruitment process to fill the vacancies available in various posts such as Office Attendants, S.O and Assistants, etc. Candidates who have high aspirations for their banking careers should apply for RBI Recruitment 2024.

Insurance Job Posts & Exams in India

If you are interested in Banking then you might be interested in the insurance exams as well. So below we have listed the names of the Top Insurance Exams in India which are going to help you to get a job in this sector:

Insurance Job Posts & Exams in India
Exam Name Exam Dates Vacancy


16th October 2024


LIC AAO 2024

28th August 2024


LIC Assistant

To be announced


GIC Assistant Manager

29th August 2024



To be announced



To be announced


Banking Exam Calendar

If you are a banking aspirant and want to join a public or private sector bank as a PO, Clerk or SO, or any other post then it's better to stay ahead of your timeline and stay aware of the upcoming banking exams in 2024. This will help you to make an exam preparation schedule. Therefore we have mentioned a Banking Exams Calendar 2024 for you here:

Upcoming Banking Exams in 2024
Exam Application Dates Important Dates
IBPS PO 2024 Online Application Date: August/September 2024 Preliminary Exam Date: 15th, 16th, 22nd October 2024
Mains Exam Date: 26th November 2024
IBPS Clerk 2024 Online Application Date: July 2024 Preliminary Exam Date: 28th August, 03rd & 04th September 2024
Mains Exam Date: 08th October 2024

SBI PO 2024

Online Application Date: Not notified yet

Preliminary Exam Date: Not notified yet
Mains Exam Date: Not notified yet

IBPS SO 2024

Online Application Date: November 2024

Preliminary Exam Date: 24th, 31st December 2024
Mains Exam Date: 29th January 2024

RBI Assistant 2024

Online Application Date: February 2024

Preliminary Exam Date: Not notified yet
Mains Exam Date: Not notified yet

RBI Grade B 2024

HighestOnline Application Date: February 2024

Preliminary Exam Date: Not notified
Mains Exam Date: Not notified yet

IDBI Bank Recruitment

Online Application Date: Not notified yet

Online Exam Date: – Not notified yet


Online Application Date: June/July 2024

Preliminary Examination Date: 07th, 13th, 14th, 20th, 21st August 2024
Single Examination:- 24th September 2024
Main Examination Date: - 24th September & 1st October 2024

SBI Clerk 2024

Online Application Date: April 2024

Preliminary Examination Date: Not notified yet
Mains Examination Date: Not notified yet

JACOB 2024

Online Application Date: 09th to 29th November 2024

Examination Date: 13th, 26th, and 27 February 2024

CAIIB 2024

Online Application Date: 01st to 21st December 2024

Examination Date: 30th January to 12th February 2024

Saraswat Bank Recruitment

Online Application Date: 22nd to 31st December 2024

Examination Date: 30th January to 12th February 2024

Bank Salary 2024- Post wise

The highest post in Bank with salary in India. A banking job brings certain stability, social status, respect, financial perks, and good salary packages. However, public bank jobs are more secure than private ones and also offer higher salaries. Below we have mentioned the banking salary 2024 along with the payscales.

Banking Salary 2024
Post Salary Payscale


Rs 41,960/- (Increment in 4 stages)
1st Increment- Rs. 36000-1490/7
2nd Increment-Rs. 46430-1740/2
3rd Increment- Rs. 49910-1990/7
4th Increment- Rs. 63840

Payscale: Rs. 36000-1490/7-46430-1740/2-49910-1990/7-63840


Rs 23700/- (Increment in 4 stages)
Salary after 1st Increment- Rs. 30560/-
Salary after 2nd Increment-Rs. 32850/-
Salary after 3rd Increment- Rs. 42020/-

Payscale: Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540


Officer Scale I- Rs. 36400/-
Officer Scale-II- Rs. 48800/-
Officer Scale III-Rs. 64600/-

Officer Scale I Payscale- Rs 23700-980/7-30560-1145/2-32850-1310/7-42020
Officer Scale-II Payscale- Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950
Officer Scale III Payscale- Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490

IBPS Clerk

Rs 19,900/-
Gross Salary- Rs 29,156/-

Payscale: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.

SBI Clerk

Rs 19,900/-
Gross Salary- Rs 32,088/-
Salary after 1st Increment-Rs 13730/-
Salary after 2nd Increment- Rs 16175/-
Salary after 3rd Increment-Rs  20095/-
Salary after 4th Increment-Rs 28110/-
Salary after 5th Increment -Rs 30230/-
Salary after 6th Increment-Rs 31450/-

Payscale: 17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920


IBPS RRB Office Assistant- Rs. 15000/- to Rs.19000/-
IBPS RRB Officer Scale I- Rs. 29,000/- to  Rs. 33,000/-
Officer Scale II-Rs. 33,000/- to Rs. 39,000/-
Officer Scale III- Rs. 38,000/- to  Rs. 44,000/-

IBPS RRB Officer Pay Scale: I-23700-980/7-30560-1145/2-32850-1310/7-42020

RBI Grade “B”

Basic Pay- Rs 35150
Gross Salary- Rs 83,254/-

Payscale: Rs 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400

RBI Assistant

Basic Salary- 14,650
Gross Salary- Rs.32,528

Payscale: Rs 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990

Types of Banks in India

There are various types of banks operating in India. A candidate can apply for a job in any of these banks as all the bank recruits candidates for the PO, SO, Clerk, and other posts. Below we are listing the types of banks currently functioning in India, So you can choose which bank you want to work in:

  • Cooperative Banks: Cooperative Banks are governed by the laws of the state government, these banks are set up to help the farmers to get short-term loans for agriculture, poultry, and other related industries. Speaking in simpler words, the cooperative banks are made for the welfare of the rural population and small-scale industries.

  • Central Banks: India has a central bank which we all know as the Reserve Bank of India. As already discussed RBI looks after the monetary policies of India and oversees other financial & banking institutions in India. Basically, The Central Bank of India (RBI) is the supervisor of the country's financial system as it assists other banks of India to follow the government’s financial policies.

  • Commercial Banks: As the name suggests, commercial banks are for the purpose of commerce, business, and profit. They provide banking services to common people, businesses, and entrepreneurs with profit as their primary goal. These types of banks can be segregated into private sector banks, public sector banks, and regional banks.

  • Small Finance Banks: As the name implies, Small finance banks are the ones that provide loans and financial assistance to the micro-businesses, farmers, and unorganized industrial sector, The RBI looks after these banking institutions, Some of the most popular examples of Small Finance Banks are Ujjivan Small Finance Bank, AU Small Finance Bank, Utkarsh Small Finance Bank, Capital Small Finance Bank, etc.

  • Regional Rural Banks: Regional Rural banks are commercial banks that are made to lend loans for agriculture and to rural people at a less rate of interest.

  • Local Area Banks: Local Area banks are governed by the 1956 companies act and these are organized by the private sector. The prime goal of these banks is to make a profit through their services, Currently, there are only 4 local area banks operating in the country, and all of them are based in South India.

  • Specialized & Investment Banks: Specialized banks are also known as Investment banks, These banks are bound to provide financial support to the customers who are interested in foreign trading, equity sales, and foreign exchanges. These types of banks also provide loan support to small-scale enterprises and businesses. eg: NABARD, EXIM Bank, SIDBI.

  • Payment Banks: Payment banks are an advanced form of banking that is used to exchange payments. RBI has conceptualized these banks for the users to experience the advanced banking methods. Payments banks allow the user to do transactions using mobile banking, internet banking, ATM card issuance, etc. Paytm Payment Banks, NSDL Payment Bank, Jio Payments Bank are some of the most popular examples.

Signing Off:

As you would have understood by now that there are enormous opportunities available in the banking sector. Every year there are various banking examinations held to recruit the candidates for different posts available in the banking sector 2024. All of these exams are held at the national level to fill the posts lying vacant in the various private and public sector banks. If you want any other information about the various banking exams in 2024 and the Banking recruitment process in 2024, Feel free to contact us anytime at [email protected]. We will try our level best to resolve your query and will provide you with all the assistance you need to kickstart your banking career.

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