REPCO Bank PO vs IBPS PO - Which is Better?

Today we are going to discuss two major Bank job recruitment bodies - IBPS & REPCO.
Let's have an overview of Bank recruitment exams, selection procedure, history, career opportunity, promotions, salary & many other factors that you must consider before opting for a job.

REPCO PO Vs IBPS Bank PO

REPCO Bank - About The Organisation:

REPCO Bank is a Government of India Enterprise which was established on 19.11.1969 as a cooperative society. 

Important facts about REPCO Bank:

Full Name:
Repatriates Cooperative Finance and Development Bank Ltd., (REPCO BANK)

Registered Under:

Madras Cooperative Societies Act, 1961.

ADMINISTRATION:

The Board of Directors of the bank comprises Senior IAS Officers from Central and State Governments and Financial Experts.

Read more at: http://www.mahendraguru.com/2016/08/repco-bank-probationary-officer-junior.html
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The Board of Directors of the bank comprises Senior IAS Officers from Central and State Governments and Financial Experts.

Read more at: http://www.mahendraguru.com/2016/08/repco-bank-probationary-officer-junior.html
Copyright © Mahendras

Bank is powered by Govt. of India. The Board of Directors of the bank comprises Senior IAS Officers from Central and State Governments and Financial Experts.

Jurisdiction:

This fast growing financial organization has its area of operation in southern states of India. There are following states & union territory in which bank has branches:

• Tamil Nadu
• Andhra Pradesh
• Karnataka
• Kerala 
• Union Territory of Puducherry

REPCO Bank vs IBPS PO - Selection Procedure:

Repco bank recruitment procedure is as follows-
Online Test + Group Discussion + Interview

In this recruitment procedure, candidates clearing all these will be considered for the Final merit list.
Application fee for General category candidates is 800 rs. in REPCO PO exam.

IBPS PO Selection procedure consist of following steps:
Prelims + Mains + Interview

In IBPS Recruitment, Prelims is qualifying in nature & marks will not be considered for final selection.
Application fee for General category candidates is 600 rs. in IBPS PO exam.

IBPS PO Vs REPCO Bank Exam Centers:

IBPS PO exam center list has more than 100 cities countrywide. The PDF list of all cities conducting the Bank PO exam is given below.

IBPS PO Exam Center CWE - Choose here!

REPCO Bank PO Exam Center:

Repco bank exam centers are only in the southern region & exam will be conducted in following :

Chennai 
Coimbatore
Salem
Trichy
Madurai
Tirunelveli
Namakkal
Nagercoil
Trivandrum
Bangalore
Vijayawada
Vizag

Bottom line:
If you are appearing in REPCO Bank exam & you reside in north India then be prepared for long journey.

IBPS PO vs REPCO Bank PO Salary:

The Salary structure for IBPS PO & Repco PO is as follows:

The Salary structure of employees of the Repco bank is same as that of IBA norms. The Basic pay is 23700 rs. which is similar to any other bank.

CTC for IBPS PO is 5,57,640.52 Rs.

IBPS PO Payscale

While for REPCO Bank CTC cost to company is ₹9.15 Lakhs:

REPCO Pay Scale

IBPS PO Vs REPCO PO - No. of Posts:

IBPS PO CWE 2016 offers more than 8000 posts to eligible graduate, but if you have a look at the employment notice by Repco there are only 15 posts (approximately).

IBPS PO Probation Period vs REPCO PO Probation Period:

Probation period for REPCO bank PO will be for 24 months for Probationary Officer of active service from the date of his/her joining the Bank.

If you are selected through IBPS PO CWE then your probation period may vary from one to two years depending on bank you joined.

IBPS PO Vs REPCO PO Recruitment - Eligibility Criteria:

Repco bank PO should have knowledge of the official language of the southern region state viz Tamil, Telegu, Malayalam and Kannada.

Indian citizens with knowledge of Hindi or English are eligible to apply for IBPS PO straightway. 

Bottom line:

If you can not read, write & understand any of the above mentioned southern region language, It would be better for you if you don't apply for REPCO Bank PO exam.

IBPS PO Vs. Repco PO - Which is better?

REPCO PO is a better option for you if:

1. You are willing to locate in southern region of India.

2. You want a better salary structure/pay scale.

3. You can fluently speak, read & write Southern regional languages.

4.  You can travel to specified exam centers at your own expense to appear in exam.

IBPS PO is better option for you if:

1. You want to stay closer to your hometown or northern region.

2. You don't have knowledge of any southern language.

3. You are not willing to travel long to appear in exam.

4. You want more career opportunities.

5. IBPS PO has comparatively easier recruitment process.

After knowing all the pros & cons of these two, choose wisely & get your dream job. If you have any query or if you want to share your views then write us in comment box. We promise to revert you as soon as possible.