The whole article is all about the difference between SBI Bank PO vs LIC AAO salary. The State Bank of India (SBI) is a recruitment body that was started with an objective to hearten the recruitment and posting of young graduates in State Bank of India.
The candidates are also recruited through IBPS. However the LIC aka Life Insurance Corporation of India is the recruitment body for posting of Assistant Administrative Officer.
Both the job post are well known in there sector as SBI PO is a job post in Bank and LIC AAO is a job post in Insurance sector. SBI is India’s biggest bank and LIC is the India’s biggest insurance company. Here we will be discussing in detail about SBI PO vs LIC AAO Salary, job profile and some basic difference between Post, Eligibility, mode of exam etc.
Basic difference between Post, Eligibility, mode of exam etc of SBI PO vs LIC AAO
The SBI PO and LIC AAO is one of the great post that many of us dream of. These post are for Probationary Officer and Assistant Administrative Officer level post. Here we will have a look on SBI PO and LIC AAO eligibility, mode of exam, selection process and much more.
|Major Factors||SBI PO||LIC AAO|
|Name of the Conducting Body||State Bank of India||Life Insurance Corporation|
|Name of the Post||SBI Probation Officer||LIC Assistant Administrative Officer|
|Eligibility||Age Limit – 21 years to 30 yearsEducational Qualification – Graduation from a recognized University||Age Limit – 20 years to 30 yearsEducational Qualification – Bachelor’s degree in the specialization they have oped for.|
*Data Analysis & Interpretation
*Insurance & Financial Market awareness.
Difference Between In-hand salary of SBI PO vs LIC AAO ?
There is difference between the salary of SBI PO vs LIC AAO, that makes curious for candidates to know which one is best. Lets have a look on difference between salary of SBI PO vs LIC AAO mentioned below –
SBI PO Salary :
The starting basic pay for SBI PO salary is Rs. 27,620/- (with 4 advance increments). The pay scale is Rs. 23,700-980/7- 30,560-1,145/2-32,850-1,310/7-42,020. The Total SBI PO Salary per year will be a least of Rs 8.20 lakhs and utmost of Rs 13.08 lakhs (depending on the place of your posting and other factors).
|SBI PO Salary in India- Basic Pay||Rs 27620/- (Increment in 4 stages)1st Increment- Rs. 23700-980/72nd Increment-Rs. 30560-1145/23rd Increment- Rs. 32850-1310/74th Increment- Rs. 42020|
|Dearness Allowance||46.9% of the basic pay|
|City Compensatory Allowance(CCA)||3% or 4%(depending on the place of posting)|
|Leased House Accommodation||Minimum- Rs 8000/-(Rural)Maximum- Rs 29500/-(Urban)|
|Furniture Allowance||Rs 120000/-|
|Medical Insurance||100% for employees75% for families|
|Travelling Allowance||Reimbursement for AC-2Tier (Exclusively for official travels)|
|Petrol||Rs 1100-Rs 1300( in case of absence of personal vehicle)|
|Total Compensation (Annually)||7.5 lakhs to 12.9 lakhs|
|Loan Benefits||Concession on interest rates|
LIC AAO Salary :
The Basic Pay for LIC AAO is Rs. 32,795/- per month. Gross Salary of LIC AAO is around Rs. 58,000/- to Rs. 62,000/- per month that does not include the benefits and perks driven by them.
The LIC AAO pay scale is as under:
|32795 – 1610 (14) – 55335 – 1745 (4) – 62315|
|Payscale||32795 – 1610 (14) – 55335 – 1745 (4) – 62315||Basic pay- Rs.32795/-|
After Increment- Rs 62,315/-
House Rent Allowance
City Compensatory Allowance
|40% of the basic pay|
0% – 4% of the basic pay (Location dependent)
Work Profile of SBI PO and LIC AAO
Apart from the impressive salary of SBI PO vs LIC AAO there is difference between there work also. Here we have mentioned the comparison between the work profile of SBI PO as of LIC AAO.
|S.No||SBI PO||LIC AAO|
|1.||The PO you will communicate with the customers, stakeholders, and regulators. Maintaining track of new developments, customer interlinkage, and official conversation will be a part of your daily work.||Supervise the functioning of the assigned departments|
|2.||SBI follows the maker & checker system where the PO is accountable for affirmation of all the journal processed by bank clerks.||Provide assistance to clients and customers as and when necessary.|
|3.||The employees serve their services to their respective customers comprise the everyday banking operations like:- opening new accounts, security custodian of debit (ATM) cards, making FDs, DD PO, Loan processing etc.||Research and formulate new schemes|
|4.||As POs you will be the direct channel of the bank interacting with customers on a daily basis. The Employee will be responsible for encouraging banking products like Recurring Deposits (RD), Fixed Deposits (FD), Insurance policies, Mutual Funds, Credit Cards, Loans, etc.||Manage and file claims and settlements|
So we have a detailed discussion on SBI PO vs LIC AAO Salary, job profile etc that many of candidates are curious to know about. In regard of that, SBI PO salary is more impressive than of LIC AAO as well as in career aspect also as it is a officer level post. If you have any query regarding the difference between salary of SBI PO vs LIC AAO, you can ask in our comment section mentioned below. Stay tuned with us.