Banking Career – Jobs in Banking Sector after 12th & Graduation

Banking Career – Jobs in Banking Sector after 12th & Graduation

Gone are those days when people had to struggle into banks for depositing or withdrawing their money to or from their bank accounts respectively.

The modern workstyle of today’s generation has equipped the physical labor with machine work or electronic work only, which we today called as e-banking.

Whether one wants to transfer their money into his or other bank accounts or want to make any kind of payment to anybody, he/she can do it just by typing some keys from their electronic device consoles.

Thanks to the Indian government and RBI through the grace of whom the industry of banking sector has been commercialized in such a successful way.

Today, the Career in banking sector has expanded his legs not only in big cities but also at small towns and rural surroundings.

At present, the banking field consists of 26 PSUs, 25 Private Banks, 43 Foreign Banks, 56 Regional Rural Banks, 1589 Urban Cooperative Banks and 93550 Rural Cooperative Banks.

Time has changed from paperwork to digital more commercialized one. The round-the-clock transactions in whole over INDIA by 3 crores citizens has raised the need for more working manpower in the banking industry.

And so, PSUs have already started to execute their plan to carry out the recruitment process for Jobs in banking. This year around 75000 candidates have been provided jobs by public sector banks and there is a proposal to explore 20 lac banks jobs in the next 5 years.

Not only this, more than 70,000 manpower is getting retired from the number of PSU’s and the government is going to hire new candidates to replace their seats.

Isn’t that sound great! This is the best and very most awaiting Job opportunity for those aspirants who are burning all their joys to be selected in banking job after graduation & 12th. What more can one expect better than this?

Why Choose Banking Career?

This section will help you to understand why lakhs of students are preparing for bank exams. What kind of essence this bank service is providing to them that it seems that every other student wants to serve only for banks as the only bank has remained as the only option for them to earn a livelihood?

If you want to understand that career into banking industry can provide you what royal returns, then you must read this blog very patiently.

It has now become the first choice of every business entity to execute its money transaction via banking. Every year only banking sector provides the maximum job opportunities for its aspirants as compared to any other government or private jobs.

As per the New government jobs of banks notification, IBPS will conduct exam only once a year for each of post i.e. IBPS PO, IBPS RRB, IBPS Clerk, SO, in behalf of other banks under ibps.

This makes easy for you to get selected in one out of 23 banks. Other than this SBI, RBI, Indian Bank, Bank of Baroda and other private banks keep on announcing banking vacancies at different interval of times.

You can say that in a year you are provided at least 2 to 5 times opportunity to fill different institution exam forms for banks to get the most suitable job. Is there any other job in INDIA which has given you so many chances? Probably not.

  • Another reason to choose career in banking is that it does not demand particular qualification from you to sit in the banking exam.

Just normal graduation from a recognized university is required and in some bank exams, an only metric pass is enough to grow.

The number of subjects on which it deals to calculate your selection is also very general (special subjects like core science, computer programs are avoided). Only those subjects are included which everyone can understand and can command upon it. These are reasoning, English, computer, general awareness, quantitative aptitude.

These subjects have now become so common in so many exams that if you are fighting for some other exams also like SSC, LIC, Engineering test, then you can easily go for these bank exams.

Now let’s move a step further. Suppose you have cleared your bank paper and you are selected, then what are the perks and royalty you’ll be awarded by your bank? If you get to know this then your expressions will change to just wow…

  • Banks provide many kinds of incentives other than their salary like-
  • A secure career and a safe job, first.
  • Growing salary with the time being, based on performance too.
  • Attractive salary, 9lakh per annum
  • Various attractive loans to lead a luxurious life at very reasonable rates-car loans, house loan, education loan, personal loan, etc.
  • Provide you high payment with retirement.
  • Provide medical support (75% to 100%), pension, staff quarters, traveling allowances, training in international banks, tax advantages and many more.

These above prestigious kinds are not even facilitated by state governments too. But banks provide you everything which you wish to lead your dreams.

  • The story does not end here. There is another opportunity waiting for you in private banking sectors.

If you have passed B.COM degree from an Elite university then you can be awarded ‘Sales Executive’ post in private sector banks or if you have completed MBA then you can opt for ‘Relationship Manager’.

Apart all these, if you have joined any PSU then after 3 years you can do MBA from finance and easily become ‘investment banker’ in any top foreign banks.

  • There is one more good news for you. Banks have nowadays started its new policy to execute its recruitment process from college campus also.

Rather, it will not hire 1000s of students in one go, but hiring 2-3 students from a college campus is really not a bad idea, in fact, a great opportunity instead for those who were wishing to go in banks in future.

Career Growth in Banking

There are various designations available into banks for which online or written exams are conducted for recruitment by various bank institutions or groups.

Some subject posts are communication manager, administrative officer, office assistant, probationary officer, officer, management trainee, clerk, private secretary, general banking officer, an accountant.

IBPS Exams for Clerk or PO, SBI for PO, RBI for a specialist officer or other, RRB are some common exams which are conducted every year time to time and we are providing you the salary details of those important designations below.

Career Progression Chart of PO in IBPS and SBI-

Junior management grade-Scale-1 Probationary Officer/Assistant Manager 23700-980-30560-1145-32850-1310-42020
Middle management grade-Scale-2 Manager 31705-1145-32850-1310-45950
Middle management grade-Scale-3 Senior Manager 42020-1310-48570-1460-51490
Senior management grade-Scale-4 Chief Manager 50030-1460-55850-1650-59170
Senior management grade-Scale-5 Assistant General Manager 59170-1650-62470-1800-66070
Top management grade-Scale-6 Deputy General Manager 68680-1960-76520
Top management grade-Scale-7 General Manager 76520-2120-85000

As per the above table, the candidate can be grown up to the post of managing director within 20 years earning approx. 2+ lac per month.

Banking Sector Jobs through IBPS

Bank Salary Structure

BASIC PAY INR 23700 INR 23700(4 extra increments also applicable)
HRA 7.0%-9.0% depending at posting location 7.0%-9.0% depending at posting location
CCA 0% to 4% depending at posting location 0% to 4% depending at posting location
SPECIAL ALLOWANCE 7.75% for scale-1 7.75% for scale-1
LEASED ACCOMMODATION 29500 in lieu of HRA 29500 in lieu of HRA


IBPS RRB Officer + Assistant Salary 2020

Post Scale of Pay
Office Scale III 42020-1310(5)-48570-1460(2)-51490.
Officer Scale II 31705-1145(1)-32850-1310(10)-45950.
Officer Scale I 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.
Office Assistant(MP) 11765-655(3)-13730-815(3)-16175-980(4)-20095-1145(7)-28110-2120(1)-30230-1310(1)-31540.


Post Approximate Emoluments per Month inclusive DA and HRA at Current Rate
Office Scale III At present, the total starting emoluments are approximate `64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale-II At present, the total starting emoluments are approximate `48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I At present, the total starting emoluments are approximate `36400/- per month inclusive of DA and HRA at the current rate.
Office Assistant(MP) At present, the total starting emoluments are approximate `18100/- per month inclusive of DA and HRA at the current rate.


Basic Pay- INR 21000

Emoluments-Including dearness allowance, local allowance, house rent allowance, family allowance and grade allowance initial monthly gross emoluments are approximately Rs 53,888.

Bank SO Salary:

IBPS SO Officer Salary Package 2020

Assets Metro Cities (State Capital etc.) (District Level and Rural Areas)
Basic Pay Rs.14500/- Rs.14500/- Rs.14500/-
Dearness Allowance Rs.14485.5/- Rs.14485.5/- Rs.14485.5/-
CCA (3% to 4% Max. Rs540/-) Rs.540/- Rs.375/-  —-
Total Salary (Excluding HRA) Rs.29525.5/- Rs.29360.5/- Rs.28985.5/-
HRA – 8.5% ; 7.5%; 6.5%* Rs.1232.50/- Rs.1087.50/- Rs.942.50/-
Total Salary (including HRA Rs.30758/- Rs.30448/- Rs.29927.5

IBPS Clerk Salary

Basic Pay INR 11765
DA INR 4272.08
HRA 10% or 9% or 7.5%
CCA 4% or 3% or 0%
Special Allowance 911.79
Transport Allowance 425.00

NABARD officer exam: National Bank for Agriculture and Rural Development organizes this exam for various posts :

Cadres Scale
Officers in Grade ‘A’ (Assistant Manager) (including the Private Secretary in Grade ‘A’) 17100-1000(11)-28110-EB-1000(4)-32100-1100(1)-33200(17years)
Officers in Grade ‘B’ (Manager) 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400(16 years)
Officers in Grade ‘C’ (Assistant General Manager) 28350-1000(5)-33350-1150(4)-37950- EB-1150(3)-41400(13 years)
Officers in Grade ‘D’ (Dy. General Manager) 39850-1200(2)-42250-1300(3)-46150(6years)
Officers in Grade ‘E’ (General Manager) 42300-1300(3)-46200-1400(3)-50400-1600(1)-52000(8 years)
Officers in Grade ‘F’ (Chief General Manager) 60600-1600(4)-67000(5years)
Executive Directors 75100(1)-2000(2)-79100(3years)
Sr Private Secretary and Principal Private Secretary 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400-EB-400(1)-36800-1150(4)-41400(21years)

Group B

Scale INR 8040-410(3)-9270-500(4)-11270-550(4)-13470-650(3)-15420-720(1)-16140- 990(4)-20100(20 years)

Group C

Scale INR 6350-220(4)-7230-260(3)-8010-300(3)-8910-400(2)-9710-500(4)-11710-680(3)-13750(20 years)

Hope that we are able to shrink your eagerness to know about your job salary. Now its all your decision for which post you want to direct your studies and which salary suits you the most.

Bank Exam Pattern-

Before directing your studies for bank exams, it is necessary to know about its examination pattern. Bank Exam pattern means that which subjects are cloaked into the paper followed by their number of distributed marks.

It will help you to make a proper strategy to lead exams. So we have exam patterns of various exams.


Subject Marks(pre-1 hr) Marks(mains-2 hr)
English 30 40
Reasoning 35 40
General Awareness 40
Numerical Ability 35 40
Computer 40


Subject Marks(pre-1hr) Marks(mains-2 hr)
English 30 40
Reasoning 35 50
General Awareness 40
Quantitative ability 35 50
Computer 20

Selection Process

The selection process in banking walks through 2 stages mainly and that are ELIGIBILITY CRITERIA, WRITTEN TEST/OBJECTIVE TEST and finally the INTERVIEW. Once the candidate is able to pass these three stages, then he/she will be the man of the competition.


The candidates must be graduated with 60% aggregate(min) from a well-recognized university. The age must be 18 minimum and maximum can be 26 to 30 (depend upon which exam you are giving).

Written test and objective Test-

The bank exams are divided into 2 phases i.e. Prelims and Mains. The pre-exam is formed with only 3 subjects (English, Reasoning, and GK) with 100 marks in total.

While the main examination is conducted for 200 marks which include English, computer, numerical ability or quantitative ability, general awareness, reasoning, and computer.

This also includes a descriptive test also into which the candidate’s ability to deal with the topics, his aptitude and awareness are checked and calculated.

It is necessary to pass not only the overall cutoff but also sectional cut off of each paper and only this makes a challenging task for every aspirant.

IBPS Interview

This is the last step left to reach your goal. If you have passed the above 2 stages then you reach this platform. The interview section holds 100 marks and here, the panel of experts tests your knowledge, your way of speaking, your communication skills and IQ.

After this, the candidate is shortlisted for a suitable job.

Types of Banks in India

  1. Payment Banks-

These kinds of banks help their customers to pay their expenses via e-transfer mode. They have the authority to save or deposit small/poor people’s money in their respective bank accounts. What they can’t do is to provide loan or credit to their customers.

Aditya Birla Nuvo Ltd, Airtel M Commerce Services Ltd, Tech Mahindra Ltd etc. are the names of some Payment Banks.

  1. Commercial Banks

As the name signifies, these banks are indulging for providing loans or excepting deposits to or from commercial units respectively to help them to extend or establishing commercial units. These kinds of banks are registered under the Banking Regulation Act, 1949.

Commercial Banks are categorized further into scheduled and non-scheduled banks.

  • Scheduled banks– these are listed in 2nd schedule of RBI, 1934. This includes SBI and its subsidiaries, national banks, RRB, Foreign Banks, Cooperative Banks, and Private banks.
  • Non-Scheduled Banks-

These are just reverse of scheduled banks. Less than 5lakh capital is allowed to borrow from RBI that’s why it is not permitted to extend loans to anybody. Jammu and Kashmir Bank is an example.

  1. Cooperative Banks

Registered under Cooperative Societies Act, 1912, these banks provide general services to its own members and cooperative societies like lending money and depositing money etc.

  1. RRB-

Regional Rural Banks were first set up in 1975 and today it is majorly governed by government and so major share is acquired by Central government by 50%. The state government has 15 % share and 35 % with sponsor bank i.e. Syndicate Bank. These banks operate in different states of India to provide financial services in rural areas.

  1. Land Mortgage Banks-

Mortgage means acquiring something by mortgaging their property so that to convey to a creditor as security on a loan, so these banks provide long term loans to farmers for land development or purchasing land for productivity.

  1. Merchant banks-

These kinds of banks help to sell new shares to the general public for raising money.

List of careers in banking

Degree & Certificate Courses in Banking

Banking Career is not only a secure career but also a high-paying career. Candidates can pursue degree, diploma or certificate courses to get a Banking Sector Job.

Below, we have provided the list of all these courses through which a candidate may get a Banking Career:

Degree Courses in Banking

  •  BBA in Banking & Finance
  •  BCom in Banking & Finance
  •  BBA in Banking
  •  BCom in Banking Management
  •  BCom in Banking & Insurance
  •  BCom (Hons.) in Banking and Insurance
  •  BSc in Banking and Finance
  •  MBA in Banking & Taxation
  •  MBA in Banking & Finance
  •  BCom in Banking Management
  •  BCom in Bank Management
  •  BCom in Banking & Insurance Management
  •  BCom in Banking, Finance and Risk Management
  •  MSc in Banking and Finance
  •  Ph.D. in Banking & Finance
  •  Master in Banking/Finance/Insurance

Diploma Courses in Banking

  • Advanced Diploma Course in Banking Services
  •  Diploma in Banking and Finance
  •  Diploma in Banking and Insurance
  •  Diploma in Banking and Insurance Management
  •  Advance Diploma in Urban Co-operative Banking
  •  Diploma in Banking Laws
  •  Diploma in Banking Management
  •  Diploma in Home Loan Advising
  •  Diploma in Banking Services
  •  Post Graduate Diploma in Bank Management
  •  Post Graduate Diploma in Banking
  •  Post Graduate Diploma in Banking and Financial Management
  •  Post Graduate Diploma in Development and Investment Banking
  •  Post Graduate Diploma in Islamic Banking and Finance

Certificate Courses in Banking

  •  Post Graduate Certificate in Investment Banking
  •  Certificate Course in Banking
  •  Certificate Course in Banking Management
  •  Certificate Course in Patent Searching & Drafting

Candidates can also go for the following in-demand courses in banking sector India:

  •  Banking related laws.
  •  Business Mathematics.
  •  Marketing Banking Services.
  •  Computerized Accounting.

Manpower Requirement in Banking

Now, after considering different aspects of banking scenario from every angle, you must be thinking that what are your chances for getting shortlisted into banks, right? So, for this, you have to understand the bank formula on the basis of which the government decides how many new employees they need in their organization.

Knowledge and attitude are of one are the most important attributes which the banks are seeking in their candidates these days.

The attitude of being helpful to serve their services from metro cities to worst rural areas is the subject matter to concern. That means that banks are now searching manpower that is inclined to work in rural areas with full dedication and without insensible complaints.

Here we want to alert you that banks are now spreading their legs in rural areas more and more so that shortage over there for banking services can be eradicated fastly to expand the rural economy so that to improve the total country economy as a whole.

Even some banks have a compulsory policy with them for freshers to work for some years in rural banks and after that, they will be placed in some good place. So, there is going to be a huge requirement in coming days for skilled employees to work in rural sectors.

But, this is an irony. The irony, in that sense that in recent days of demonetization, as we all know which happened on November 8, 2016, has compelled and aware people to transact every money exchange via cashless.

That means the 3rd generation has suddenly jumped to 4th gen, and now a major part of the business will be carried out cashless, i.e. via a digital medium. So, banks are really a very important entity whose role in this regard is essential and significant too.

But, as we all know that earlier all bank transactions were done on papers manually so there was a need for more manpower to do more work.

On the contrary, as from now onwards, there would be step by step decrement in such manpower as whole work is going to be digital. All transactions will be automatically carried out by customers via ATM, digitized phones, etc.

Apart from these, private banks are going to help you a lot. They directly hire you to carry out marketing and technological skills if you hold an MBA degree or CHARTERED ACCOUNTANT degree.

So, the future of manpower in banking is speechless. Even then, the important institutions like SBI and IBPS have already recruited around 70000 people from whole over INDIA and it has proposed to raise 20 lac new vacancies in the next coming years with best job opportunities.

The new bank branches and new banks with new dignity can further expand your happiness with this.

So, don’t exert yourself. Just pay full attention to your studies. Carefully understand the bank exam pattern and make a proper strategy to direct towards your goal.

Advantages of Banking jobs

As you may have read our previous blog where we have mentioned various incentives and perks while working in the bank. Again, below there is a nice description of the advantages of working in banks.

  1. Handsome salary

The very first fact about a bank which every candidate take into account as a major reason to join is that it provides a very handsome salary. Apart from salary in hand, it provides various incentives according to the level of the post. Bonuses, performance increments, are other angles which provide a huge relax and satisfaction to the bank employee.

  1. Perks offer

Various perks facilities like accommodation loan, medical loan, education loan, personal loan, vehicle loan, traveling offers and many other offers provide great satisfaction to employees.

  1. Enhance your personality

Servicing in banks makes you communicate with international banks, understand new financial policies and the strategy to lead the bank to earn more economy which vertically promotes your personality overall and knowledge.

  1. Working abroad

Banks gives its employees the opportunity to work abroad also. Working in an international bank is like a dream come true in itself for everybody which not only enhance their dignities but also help them to understand international trend and strategies to solve financial issues.

There are a number of kinds and offers in banks which attract and boost you to choose the bank as your career.

How to start a career in the Banking Sector?

Whether to start a career in banking after 12th or after graduation?

This question is the most annoying headache which irritates every student who struggles in the race of competition. There is a lot of confusion that whether a banking career should be started right after doing 12th or after doing graduation.

The answer is not that tough to understand. Earlier, banks provide chances to the aspirants to join the exam after 12th but before around 3 years the policy has changed. Now, banks have set up some criteria on the basis of which candidate can judge himself that whether he/she is eligible to appear in the concerning examination.

The compulsory graduation degree from any recognized university and minimum age of 18 are some factors which have created a little boundation for the aspirants. Holding a graduate degree is a must for everyone and that too with 60% aggregate (minimum).

Still, there is a golden chance for those who want to join job soon after 12th. The banks announce data entry job vacancies and similar cadre posts vacancies which demand 12th pass qualification.

But, it is not that you are left with the only option to study for banks after graduation only. You can even give yourself a start right after 12th. Not only this will sharp your knowledge with the time being but also increases speed and the chances to get final selection when you will finally appear after 3 years of graduation.


Dear candidates

If you are hoping to continue your bank studies after graduation then it is not a bad idea. Instead, graduation makes your knowledge even more mature and your sensitivity towards career too.

You cannot rely on just these competitive exams after completing your metric. You have and you should complete your graduation at least to reduce the risk factor of being not selected in case.

Competition only demands your full dedication and faith in your god and your hard work. If you once decide to up your sleeve to won then no one can beat you to crack the competition.

At last, all the best!