SBI PO vs NABARD Grade-A Salary-Who Earns More?

A logical and natural question that crosses the minds of the aspirants who are interested in both the SBI PO and NABARD Grade-A Exams is: ‘Which of the two posts offers more salary?’

Every aspirant must know which option suits him/her, financial demands or whether he/she will be happy in fulfilling the responsibilities of the chosen posts happily and satisfactorily before making a decision or not.

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But sometimes, these same aspirants find uncountable answers to their questions with incomplete information or knowledge about both the Exams and end up getting confused about the overall benefits that both the Exams offer.

Hence, we have come up with this article to kill their curiosity, and guide them in making a perfect choice!

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Also read: Bank PO or Bank Clerk-Which offers You a Better salary?

NABARD vs SBI- The Difference

NABARD is a DFI (Development Finance Institution) is an apex institution that works for agriculture and rural finance by participating in policy-making, providing finance, refinance, training and consultancy.

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SBI is a Commercial Bank that acts as the government’s bank and is called a banker’s Bank. It provides banking services and does similar banking activities like any other commercial bank. It accepts provides all kinds of loans, deposits from the public, sell mutual funds and insurance schemes, does remittances, and more.

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NABARD’s objective is not to make profits, as it is not a listed company like SBI, whereas SBI even measures or monitors its quarterly profits through the market which gets reflected by its share price. Although SBI is the player biggest of all, it has to compete with 30 plus other banks, which offer the same services which SBI offers. NABARD, on the other hand, has been made for the development of the nation for fostering rural prosperity. It has to compete with no other bank or institution like SBI.

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NABARD vs SBI– Job Responsibilities & Benefits

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Benefits of NABARD

As a NABARD Grade-A officer, you will be working in big offices, mostly in the capitals of Indian states. You will meet people often and your contacts will widen in very little time, as compared to SBI. You will be accommodated in NABARD’s officers’ quarters, whereas as SBI PO, you can be posted at any of its 24,000 branches and you can make very limited contacts. Although SBI is much larger than NABARD, you will have limited reach and make a limited number of contacts there.

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NABARD will expose you to the world of development finance. Here you will get the opportunity of collaborating with banks, advise state governments and the central government in matters related to rural finance. You will have to undertake pilot projects, provide soft loans and grants, and supervise rural banking by supervising RRBs and RCBs (Rural Cooperative Banks). If you are interested in facing bureaucratic challenges and the field of development, this Banking job is for you.

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Benefits of SBI

As an SBI PO officer, you will have the opportunity to get placed in any of its 24,000 branches, in and outside of India. Plus, you can get an opportunity to work in interesting areas such as International Operations, Investment, Corporate Finance, and Foreign Exchange Management.

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Being the largest bank of India, SBI deals will all types of complex financial transactions as almost all major corporate houses are its clients. Therefore, the experience and exposure you get in SBI can be unmatchable. Here you can learn the art of lending money for business houses and related jobs.

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However, you will experience more work pressure than a NABARD officer, as an SBI PO, as you have to meet targets, deadlines, recover loans, provide customer service, and more. As a NABARD officer, you will get a workload that you will be able to complete in time and within office hours.

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NABARD Salary vs SBI PO Salary

Surprisingly, you will enjoy more salary as a NABARD Grade-A officer, than as an SBI Probationary officer as the perks are much higher in NABARD. But as you will get promotions in SBI and move upwards in the hierarchy your salary will be more than that of a NABARD officer.  

CGMs and other senior posts in the SBI get more salary, more facilities, more benefits, get expanded area of influence as they have to manage a big part of a corporate section alone. The present chairman of SBI had started her career as an SBI PO. Hence, with career progression or promotions, the responsibilities in SBI get doubled, tripled, multiply quickly with every promotion.

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SBI PO Salary Structure 2021	NABARD Grade-A Salary Structure 2021
As per the most recent revision in the SBI PO salary structure 2021 (after the 11th bipartite settlement), there will be a 15% hike in SBI PO salary, resulting in a gross salary of about Rs. 46,000-50,000-p.m. (including the allowances).	The In-Hand Salary of NABARD Grade-A Officers stands at approximately Rs.62,600/- p.m.

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Conclusion

Both SBI PO and NABARD Grade-A Jobs have their pros and cons. With the above-mentioned comparisons, you can make a choice of whether you want to wear SBI PO shoes or a NABARD Grade-A officer’s shirt.