Bank vs SSC! What is the difference in Salary?

Bank vs SSC! What is the difference in Salary?

Many government job aspirants are in dilemma about the difference in work profile, examination pattern and the most important aspect i.e. salary & perks of Banking & SSC Jobs. In this post we will discuss the difference in Bank PO Salary as compared to SSC CGL Salary.

In Banking sector, there are two most prominent jobs i.e. IBPS PO & IBPS Clerk while Staff Selection Commission (SSC) conducts two most prestigious exams i.e. SSC CGL & SSC CHSL.

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The designation of post under SSC CGL is equivalent to Bank PO while designation of posts under SSC CHSL is equivalent to Bank Clerk.

The salary structure of SSC jobs is governed by Union Government through pay commission while the salary structure of Bank officials is governed by Indian Banking Association through Bipartite settlement.

Here is the detailed comparison of Bank PO Salaries as compared to SSC CGL Salaries. The salary of Bank PO varies from Bank to Bank while the  SSC CGL post and salary varies from post to post.

Bank PO SSC CGL (all posts)
Posts IBPS RRB PO
(for Regional Rural Banks)
IBPS PO
(for participating PSBs
except SBI)
SBI PO Upper Division Clerk, Tax Assistant,
SI (Narcotics)
Auditor, Accountant Assistant, Junior Statistical Officer,
Divisional Accountant, SI (NIA)
Assistant Section Officer, Assistant,
Inspector of Income Tax, Inspector (Central Excise),
Inspector (Preventive Officer), Inspector (Examiner),
Inspector Posts, Inspector (Narcotics),
**SI (CBI)
Assistant Accounts Officer
Assistant Audit Officer
Basic pay / Pay Scale 23700 23700 27,620 Pay Level-4 (Rs 25500 to 81100) Pay Level-5 (Rs 29200 to 92300) Pay Level 6 (Rs 35400 to 112400) Pay Level-7 (Rs 44900 to 142400) Pay Level-8 (Rs 47600 to 151100)
Gross Salary 35,000 – 40,000 40,000 – 45,000 50,000 – 55,000 39,555 (approx.) 44,772 (approx.) 53,514 (approx.) 66,909 (approx.) 70,716 (approx.)

** The Sub Inspector in CBI gets 13 months salary.

Key Points:

  • All figures mentioned above are in INR (Indian National Rupees).
  • The Gross Salary component is approx. and may vary according to place & posts and additional allowances.
  • Current Dearness Allowance (DA) of Central Government is 17% (w.e.f 1st July 2019).

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