Entry Level Qualification 

12

Career Fields 

Banking & Finance

For Specially Abled 

,

Career Entrance Exam 

IBPS CLERK, SBI CLERK

About Career 

Primarily, your work as a Bank Clerk will be to serve as the primary point of contact with bank customers. If you work in a bank, keeping accurate records of all transactions and customer calls will perhaps be the most critical aspect of your job.

You will be handling cash deposits and withdrawal by customers, and also accept as well as issue cheques, drafts, pay orders, banker's cheques, etc. You will be recording, updating and maintaining the daily transaction balance in the bank’s computer systems.

You will also need to perform various back office works like receipts collection, ledger maintenance, balance tally, data entry into the bank's computer systems, etc.  You will need to issue cheque books after authentication of clients. In some cases, you may also plays a significant role in the marketing of financial products of the Bank such as loans, mutual funds, deposits, schemes, etc. You will need to record the interest owed to saving accounts customers and interest owed to the bank from loans and other investments. At times you may even need to work on international accounts, currency exchanges, etc. You may have to manually verify the cash transactions at the end of the day and check it with banking records.

You may need to examine cheques or the withdrawal slips submitted by a customer for withdrawal of money. Disbursement of money can also be done electronically these days. You may disburse or transfer money through internet banking or using company credit cards, debit card, or digital wallet.

Key Roles and Responsibilities

As a Bank Clerk, you will be engaged with one or moreof the following roles and responsibilities: -

1. You will be serving as the primary point of contact with bank customers.

2. You will be handling cash deposits and withdrawal, and also accept cheques, drafts, dividend warrants, pay orders, etc. 

3. You will be performing payment clearance tasks including cheque verification, issuing demand drafts, etc.

4. You will be issuing cheque books after authentication of customers.

5. You will be making payments to customers only after validating their signatures.

6. You will be performing various back-office tasks such as receipts collection, ledger maintenance, balance tally, data entry, etc.

7. You will be answering and responding to bank customers’ inquiries on financial transactions and also address their grievances if any.

8. You will be recording, updating and maintaining the daily transaction balance in the bank’s computer systems.

9. You will be manually verifying cash transactions at the end of the day and reconcile it with banking records.

10. You will be corresponding with the customers through letters and e-mails.

11. You will be promptly detecting discrepancies in the finances (if any) and report the same to the concerned authorities.

Career Entry Pathway 

Class 10 all subjects as per scheme of studies - NSQF Level 4 Certificate for ‘Finance Executive’

After completing Class 10 all subjects as per scheme of studies, you can go for National Skill Qualification Framework (NSQF) Level 4 Training and Certificate program for ‘Finance Executive’ or similar courses. The total number of training hours is 2080.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject combination as per scheme of studies - MES course for ‘Accounting’ or related disciplines - NSQF Level 5 Certificate for ‘Banking Associate’

After completing Class 11-12 with any subject combination as per scheme of studies, you can go for a Modular Employable Skills (MES) course for ‘Accounting’ or related disciplines under Skill Development Initiative Scheme (SDIS) by National Council of Vocational Training (NCVT). Then you can go for National Skill Qualification Framework (NSQF) Level 4 Training and Certificate program for ‘Banking Associate’. The total number of training hours is 300.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject combination as per scheme of studies - MES course for ‘Accounting’ or related disciplines - MES course for ‘Banking Associate’ or related disciplines

After completing Class 11-12 with any subject combination as per scheme of studies, you can go for a Modular Employable Skills (MES) course for ‘Accounting’ or related disciplines under Skill Development Initiative Scheme (SDIS) by National Council of Vocational Training (NCVT). Then you can go for a Modular Employable Skills (MES) course for ‘Banking Associate’ or related disciplines under Skill Development Initiative Scheme (SDIS) by National Council of Vocational Training (NCVT).

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject combination as per scheme of studies – Certificate / Diploma course in ‘Computer Automation and Office Automation’

After completing Class 11-12 with any subject combination as per scheme of studies, you can go for a Certificate / Diploma course in ‘Computer Automation and Office Automation’, ‘Accounting’ or similar courses.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject combination as per scheme of studies - Bachelor’s degree in any discipline

After completing Class 11-12 with any subject combination as per scheme of studies, you can finish your Bachelor degree (including B. Voc – Bachelor of Vocation) in any discipline.

Required Qualification & Competencies 

After Class 10, you have can go for NSQF Courses.

After Class 11-12, you can go for:

1. MES courses.

2. Diploma / Career Diploma / Certificate courses.

3. Bachelor degree in any subject.

Knowledge of basics of computing and common software applications is mandatory to find work as a Bank Clerk. This can be achieved through any of such courses or if you have already studied ‘Computer’ as a subject in school.

Competences Required

You should have interests for Conventional Occupations. Conventional occupations involve repetitive and routine tasks as well as fixed processes or procedures for getting things done. These occupations involve working more with data, systems, and procedures and less with ideas or creativity.

You should have knowledge of Mathematics - Knowledge of arithmeticand other mathematical disciplines and their applications.

You should have knowledge of Computers - Competency in applications like Microsoft Office (Word, Excel) etc.

You should have knowledge of Accounting - Knowledge of various principles and methods for maintaining records of commercial and financial transactions and records, preparing various reports and statements, ensuring compliance with commercial and business laws and rules of a country, etc.

Clerical and secretarial Skills - Knowledge of various clerical tasks and procedures such as handling emails and phone calls, filling up forms, data entry, managing files, managing records, maintaining information databases, stenography, scheduling appointments, and other office procedures and general administrative tasks.

Active Listening Skills - Giving full attention to what other people are saying, understanding the points being made by others, asking questions, etc.

Critical Thinking - Skills in the analysis of complex situations, using logic and reasoning to understand the situations and take appropriate actions or make interpretations and inferences.

You always or mostly prefer to stick within a routine or carry out routine and repetitive activities. 

You are always or mostly dependent on others or on set rules and procedures.

You are always or mostly organised in your day-to-day life and activities.

You are always or mostly disciplined in your action and behaviour.

You are practical always or in most situations.

Career - Job Opportunities & Profiles 

In public sector banks, you will begin your career as a Junior Associate and after ten years of service, you can upgrade to the level of a Senior Assistant. Similarly, after completion of twenty years of service, you will be upgraded to the post of a Special Assistant and after thirty years of service, you will be upgraded to the post of a Senior Special Assistant.

In private sector banks, you will begin your career as a Junior Associate/Customer Service Executive. The career progression of Bank Clerks in private sector banks is almost the same as that of public sector banks.

Career Growth

You can certainly progress to be Senior Bank Associate, Special Bank Associate, Senior Special Bank Associate depending on your work experience.

Salary Offered  

According to the 7th pay commission, the salary of Bank Clerks in both private and government banks stand nearly the same, with the only exception that allowances and benefits vary from one bank to another.

For instance, the gross salary of an IBPS Bank Clerk at locations with population above 45 lakhs is around Rs. 19,600 and at locations with a population below 45 lakhs it is around Rs. 19,500.

The salary structure of an SBI Bank Clerk is almost the same. Then again, the gross salary of a Bank Clerk in Central Bank of India at locations with a population above 45 lakhs is around Rs. 13,500 and at locations with a population below 45 lakhs it is around Rs. 13,300.

As you proceed to mid-level positions (4-7 years of experience), your monthly salary range will be around Rs. 20,100 - 30,000, excluding additional benefits and allowances.

After around 8-12 years, your average monthly salary range will be around Rs. 30,000 - 40,000, excluding additional benefits and allowances.

In the senior-level jobs, with 12+ years of work experience, you may expect to get about Rs. 12,000- 90,000 or more per month. 

Monthly Earnings In Indian Rupee

Entry level: 0 - 2 years of work experience 

Junior Level: From 1 to 12 years of work experience 

Mid-Level: From 5 to 20+ years of work experience 

Senior Level: From 10 to 25+ years of work experience (there could be exceptions in some high-end technical, financial, engineering, creative, management, sports, and other careers; also in the near future, people will reach these levels much faster in many careers and in some careers, these levels will have no meaning as those careers will be completely tech skill driven such as even now, there is almost no level in a Cyber Security Expert’s job)

Famous Personalities 

Not Available

Work Activities 

1. Using computers for work - Using computers for day-to-day office work; using computer software for various applications in day-to-day professional work; entering data and process information; for writing.

2. Getting Information and learning - Observing, hearing, reading, using computers, or otherwise obtaining information.

3. Processing of Information - Searching, compiling, tabulating, calculating, auditing, verifying or otherwise dealing with information processing including data entry, transcription, recording, storing and maintaining databases.

4. Organising, planning and prioritising tasks - Planning and organizing tasks in order to achieve work goals; prioritizing tasks to achieve goals and making the best use of the time available.

5. Handling administrative activities - Handling various administrative tasks and managing day-to-day operations.

6. Assessing and determining compliance with standards, laws, rules, and guidelines - Using relevant information, auditing information, processes and systems to determine whether organizations or people are complying with standards, laws, rules and guidelines.

7. Communicating with customers - Communicating with potential, new and existing customers of your organization in writing, verbally or otherwise.