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Who is a Bank Clerk?
When you send a Clerk on business to a distant province, a man of rigid morals is not your best choice ~Ihara Saikaku
A bank clerk serves as the point of contact for a bank’s customers. The bank clerk plays a vital role in providing the best customer service. Individuals who opt for a career as bank clerks work include various banking activities both through direct customer interaction and behind-the-scenes tasks like data entry.
A bank clerk working in a bank is primarily concerned with bank tellers and providing customer service, others work in credit and securities departments and provide support to the customers. He or she deals with people, assisting them with money transactions as well as performing several administrative duties.
A bank clerk tends to be the first bank staff that the customer interacts with. Additionally, a bank clerk's work is to maintain important customer and financial records to ensure that the bank branch remains efficient and follows reporting and financial management laws and guidelines.
Quick Facts for Bank Clerk
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Industry
Finance
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Average Salary in India
₹25450
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Suitable for
Male, Female, Others
Individuals can take up a career as bank clerks, it is not gender-specific. Men, women, and others can choose a career as bank clerks. This profession of bank clerk is suitable for both genders. Since it is mostly clerical work and does not require any specific physical efforts, it is suitable for all genders.
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Any special needs
Yes
Everyone, including those with physical disabilities, is appropriate to opt for a career as a bank clerk. A career as a bank clerk is well suited to everyone, even those with special needs. Individual people with physical deformities may also become bank officers. An aspiring candidate for a bank clerk job is required to appear for the bank clerk exam. Candidates must possess the drive to prove to the world that, under those circumstances, they should always achieve their objectives.
Table of Contents for Bank Clerk
What is the role of Bank Clerk?
A bank clerk is an entry-level position for a candidate of a private or public bank where aspiring candidates have to take care of all the primary tasks and manage customers and their queries and demands without any hassle. Individuals who opt for a career as bank clerks also ensure compliance with KYC (Know Your Customer) guidelines by the RBI to prevent a data breach.
A Bank clerk's responsibilities also include managing and taking care of the customer's data and services. Bank clerks handle customers' requirements during the passing of cheques, customer data updates, and withdrawal slips in a bank.
A bank clerk supports clients by referring them to banking or accounting staff. He or she works as a bridge between the customers and the banking professionals.
The role of bank clerk is to handle payment processing and offer assistance and backup to maintain favourable customer relationships.
A bank clerk assists in banking activities such as scanning and checking customer documents throughout the credit application process.
He or she maintains accurate documents to guarantee their cash drawers and monitor the daily cash transactions.
The role of Bank clerk is to enter and update the client's financial data based on the Bank's computer systems.
Types of a Bank Clerk
Individuals looking to make a career in bank clerk must know the types of bank clerk and the various careers related to it. The specific clerk job depends on the role and responsibilities of work. Below we have mentioned the different types of bank clerk and related careers.
Interest Clerk: A bank clerk records the amount of interest owed to the saving accounts of the bank’s customers. Their duty also includes making records of the amount of interest owed to the bank from loans and other investments. A bank clerk maintains records of interest owed by the bank and interest owed to the bank, interest being the major source of a bank’s revenue.
Loan Clerk: A bank officer who is serving as a loan clerk is responsible for the activities related to loan processing, including preparing, auditing, as well as finalising forms or contracts. A loan clerk job also involves doing a background check of the person or organisation that has applied for a loan.
Statement Clerk: A statement clerk prepares the monthly balance sheets after checking the account of every customer. His or her job is to provide bank statements to customers. Not just that but a statement clerk is also responsible for taking care of account-related inquiries as well as solving discrepancies if there are any.
Exchange Clerk: An exchange clerk works on international accounts in a bank. These types of bank clerk job details include translating foreign currency into Indian Rupee and converting Indian Rupee into the required foreign currency. If the foreign exchange clerk has the means and ability then he or she can become the owner of his or her own foreign exchange company.
Security Clerk: The bank officer's job as a security clerk in banks is to maintain records, maintain files, and look after several investments like stocks and bonds. A security clerk keeps all the information recorded that is related to the forms of financial securities like the investment and the stock details of the bank.
Bookkeeping Clerk: A bookkeeping clerk assists the accounting staff in order to maintain financial statements. These types of bank clerk job details include taking care of records for each customer’s account by following a ledger system. A bookkeeping clerk in a bank makes a financial statement so that the bank manager can have a look at it and make plans for the bank's functioning accordingly.
Also read: Career as Investment Banker
What is the workplace/work environment of Bank Clerk like?
The working atmosphere in the bank is usually pleasant. Individuals who opt for a career as bank clerks often work alone as it requires attention to detail. A bank officer works in an office setting and most of the time requires interaction with customers. Bank clerks are usually the first point of contact for a customer when he or she comes into the bank.
Does Bank Clerk require travelling?
Likely
Individuals who opt for a career as bank clerks function in an office or it is completely a desk job. They are least likely to travel for official purposes.
Time Pressure
Likely
Individuals who opt for a career as bank clerks are entitled to perform many tasks within a limited time. Hence, both time and work pressure are high in the bank cashier job. Almost every day, they are required to perform a certain set of tasks within the scheduled time which results in extreme time pressure sometimes.
How to become a Bank Clerk?
Steps to become a Bank Clerk
If you want job security, career growth opportunities, attractive compensation, and opportunities for professional development, then the banking sector is the most lucrative career option. If you are interested in finance and want to know how to deal with bank transactions, then a career as a bank clerk is the best career option for you. Below, we have listed the steps for how to become a bank clerk in India or how to become bank clerk after 12th.
What are the skills and qualities required to become a/an Bank Clerk?
When it comes to how to become a bank clerk in India, the first thing that they should know about is the skills requirements to become a bank clerk. Some of the essential bank clerk skills are mentioned below.
Attention to Detail: Bank clerks need to pay attention to minute things happening around in the bank just to make sure that nothing is missed. The bank clerks need to go through every detail cautiously as it involves money as well as the personal details of the customers. Individuals who opt for a career as bank clerks need to be extremely particular about minute details and maintain high levels of work accuracy.
Communication Skills: Good written and verbal communication skills are required to deal with customers and solve their queries on a daily basis. Good command over various languages is helpful for a candidate to understand and solve a query of a person very quickly. Individuals who opt for a career as bank clerks must have good communication skills as they are the first point of contact for every customer.
Numerical Ability: Good numeracy and calculation skills are key factors in this role as a candidate needs to be accurate with the calculation to maintain various ledgers and accounts. Individuals who opt for a career as bank clerks must have good numeracy skills as the job includes a lot of calculations.
Bank clerks must have good numeracy skills as the job includes a lot of calculations. As the daily work of the bank cashier involves keeping track of the amount deposited and withdrawn from the bank, maintaining ledgers, and performing quick calculations that need to be accurate.
Computer skills: Computer learning and capacity to implement the use of computers and software accurately. Employers need their employees to have computer knowledge as their business will become even more and more computer-based. Most companies are trying to use technology to support them to operate their business cheaper and more efficiently.
Honesty: The more transparent the organisational structure, the more happy the employees are. The more satisfied the workers, the more profitable it is. In the end, honesty builds firm confidence and leadership credibility. Conveying the truth helps them all to acknowledge the problem, and also to work together as a team to improve everything.
Which certifications and internships can be helpful in becoming Bank Clerk?
We have provided below certification courses that aspiring individuals may opt to upgrade their skills and knowledge for a smooth career in the banking sector.
Internship Availability
Various financial and banking organisations, with different expertise and preferences, employ interns. One can discover internship opportunities through the online recruitment portals after completing the bank clerk syllabus. Individuals who opt for a career as a bank officer get experience through internships.
The bulk of internships is given by institutions of higher learning which pay for the practice. Several private banks and other financial organisations hire interns pursuing or graduating in a commerce degree programme related to banking and finance. Below we have mentioned some of the training and internship programme names.
Federal Internship Program by Federal Bank
Future Bankers Program by HDFC Bank
Summer Internship Program by State Bank of India (SBI)
Post Graduate Diploma in Banking Operations (PGDBO) Program by ICICI Bank
Punjab National Bank Internship Program
Bank Clerk Jobs and Salaries
Junior Bank Clerk
- Average Salary 19900
Job Description
The Junior Bank Clerk job description includes taking care of records (bookkeeping), stocks, bonds and other investments of the customers. A Junior Bank Clerk makes a daily report of transactions and tally accounts and balances all the accounts during the financial year-end.
Salary Description
The Junior Bank Clerk salary in India ranges between Rs 0.2 Lakhs to Rs 5.0 Lakhs with an average annual salary of Rs 2.4 Lakhs. The Bank Clerk salary in India may vary depending on the various job factors.
Senior Bank Clerk
- Average Salary 31000
Job Description
The Senior Bank Clerk job description includes checking the KYC of all new account holder customers and acting as a head cashier and managing the cash and also gold loans. A Senior Bank Clerk monitors NPAs and updates the customer's financial data.
Salary Description
The Senior Bank Clerk salary in India ranges between Rs 1.1 Lakhs to Rs 6.8 Lakhs with an average annual salary of Rs 3.8 Lakhs. The Bank Clerk salary in India may vary depending on the various job factors.
Source: AmbitionBox
What is the job outlook for Bank Clerk?
In the growing economy, the banking sector in India is expected to grow at a rapid pace due to increase in financial services in both rural and urban areas. There is intense competition to become a bank clerk, especially in PSBs, due to job security. There has been a growing trend in private sector banks also hiring clerks.
As we know that there is intense competition to become bank clerks. Clerk needs to be proficient in digital tools and must be good at serving customers. With the technological improvements and change in bank clerks' roles, there will always be demand for bank clerks in both the private and government sector.
Frequently Asked Questions for Bank Clerk
Que. What does a bank clerk do?
Ans.Bank clerks enter and update customer and financial data in the bank's computer systems based on customer or supervisor requests. This can include updating a customer's address or contact information, making changes to customer income records, or removing customers from bank records when they close their accounts.
Que. What is the qualification for the bank clerk?
Ans.The candidate must be between 20-28 years of age. The candidate must possess the minimum qualification requirement of a graduate before applying for a clerk position. He/She must hold a valid degree from a recognised State or Central University.
Que. Is typing necessary for a bank clerk?
Ans.No, there is no typing test for the bank clerical examination. The examination for the bank clerk is conducted by the IBPS for the recruitment in the banks other than the SBI where it conducts the special examination for the recruitment.
Que. What is the eligibility of a bank clerk?
Ans.The following are the eligibility criteria for the Bank clerk job:
Age Limit for Bank Clerk: The age must be a minimum of 20 Years and a maximum of 28 years old to apply for this post.
Age Relaxation: There are five years of age relaxation for scheduled castes/scheduled tribes and three years of age relaxation for other backward classes category.
Que. What is the job of a clerk?
Ans.Clerks support banking activities by checking and verifying customer details during the loan application process and offering appropriate financial information for loan and credit decision-making to loan officers or securities staff.
Que. What is the role of a bank clerk?
Ans.Bank clerks access and upgrade customer and financial information based on customer or supervisor demands in the Bank's computer systems. This could involve changing the address or contact details of a customer, making adjustments to customer sales records, or deleting clients from bank statements when closing their accounts.
Que. What is bank clerk vs bank teller?
Ans.Bank tellers and bank clerks are the people most associated with a bank. Tellers make up about one-fourth of bank staff and carry out most of the daily transactions of a bank. Cash verification, approval of deposits and loan payments and handling withdrawals are among the duties of tellers.
Que. What is the role of Bank Probationary Officer (PO)?
Ans.A career as a Bank PO is regarded as a promising career choice and a career that is white-collar. A number of aspiring students participate in the Bank PO exam each and every year. The role offers plenty of career growth and prospects for a promising future in banking.
Que. What is qualification for bank clerk?
Ans.The qualification for a bank clerk is, you must have a minimum educational qualification such as Bachelor's degree in any discipline from a recognised university or its equivalent.
Que. What is the salary of bank clerk?
Ans.The salary of IBPS Clerk is Rs 19,900, according to IBPS Clerk's official notification.
Que. Which exam is for bank clerk?
Ans.IBPS Cleark exam is the best exam for bank clerks. It is the best exam for Clerical posts in public sectors in India.
Que. Can I apply for bank clerk after 12th?
Ans.No, you cannot apply for a bank clerk after 12th, as per the official notification released by the IBPS. You must complete your bachelor's degree to get eligible.
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Questions related to Bank Clerk
Im studying B.Tech in chemical engineering my father is Auto driver.How can I apply for this scholarship
Hey,
There are many colleges which offer a scholarship to students coming from economically weaker sections. Scholarship amounts and schemes vary from college to college. So you can check the scholarship details for the college of your choice on its official website.
Here you can find some scholarship related info:
https://collegedunia.com/university/25449-delhi-technological-university-dtu-new-delhi/scholarship
All the best for your preparations!
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The word bank comes from an Italian word banco, meaning a bench.
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