Monday 2 April 2018

HOW BANK JOBS ARE DIFFERENT FROM CENTRAL GOVERNMENT EMPLOYEES?




Government jobs come with their own set of rewards such as plenty of holidays, loads of paid leaves, fixed working hours, additional reimburse for every extra hour, various facilities and powers. All these features make candidates go crazy for the public sector jobs.

Generally aspirants opt for banking sector jobs and IAS officer’s job as they offer high status and attractive salary package. When it comes to comparing the two jobs they are different from each other in many ways.


Indian Administrative Services (IAS):

 IAS is one the most competitive exams to seek for government jobs, it needs lot of hard-work and dedication. It is also termed as GRILLING EXAM as candidates are filtered in many phases before posting them to the said posts. This exam gives an opportunity to be posted All over India at any of the positions in Central Government, State Government and Public Sector Undertakings.

Public Sector Bank Jobs:

Bank jobs are one of the highest paying Government Jobs in India in case you posted in large banks like Bank of India or State Bank of India as they offer high pay packages to their employees. Besides salary there are other benefits offered such as bank holidays, half-days on Saturdays, and lowest possible interest rates on Loans, PF and Gratuity and many other retirement benefits. In case you want to retire early, there is a provision of taking VRS where candidate will be given Lump-sum money. It makes a person feel good even if he or she retires early as it gives good amount of case either way. Bank exams are not as difficult as IAS Exams. In this GRILLING is at a very low level as compared to IAS.

Let us discuss some salient features which make IAS different from BANK jobs.

1. Working Hours

Bank officers do not have any specific timing to work; it can be stretched from 9 to 10 hours in case anything urgent comes up. They do not get any monetary compensation for extra hours devoted for the work.
There is neither monetary compensation nor any kind of recognition for their toiling for extra hours.  An IAS Officer has no such bounding he or she has fixed working hours. In case they work extra, they are duly compensated for the extra hours devoted.


2. Nature of Work

Bank deals with public dealings therefore work load has no limits, more the customers more is the work load. This increases the work pressure as customers today are very demanding. IAS Officer has his or her own department and limited staff to deal with for the work. It makes the working condition peaceful.

 3. Number of Holidays

Although number of holidays has been reduced in the last few years for bank employees but still it is more than any central or State government employee. Bank PO employees are not given any compensatory of for working on holidays but IAS or any other government employee is given a compensatory off to work on any holiday.


4. Rules for Leave and its Implementation

The bank staff cannot avail casual leave for half a day where as Central or State Government employee can do so. Sometimes the bank officers are not able to get the already sanctioned leaves due to any emergency or work schedule requiring his or her presence in the office. It amounts to lapse of leaves as they cannot avail all of them in the given time many a times. Central Government employees have set of casual leaves to take and if they do not avail then these leaves are paid with a suitable amount. Bank employees do not get any leave encashment. 

5. Transfer of job

Bank jobs are subject to frequent transfers with almost every promotion granted where as Central or State Government employees generally do not get any transfers in the event of being promoted. Even if they are transferred they are granted a nearby district within the same state. But bank employees are transferred to a place outside their home town and sometimes even in the remote area.


 All these features makes IAS as the most preferred job over that of BANK jobs but there is a limit to everything.

Author Bio: This content is published from the experienced faculty of BANK COACHING CHENNAI.












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