Bank Clerk Job Description: Do Private Banks Have Clerks?

In this article, we will elaborate on the bank clerk job description and also know whether private banks hire for clerk positions. The Bank Clerk is a highly sought job for aspirants willing to have a career in banking.

The main responsibility of a bank clerk is to handle various administrative and customer service tasks. Private banks do not hire people as clerks instead they hire fresher graduates as junior officers to handle clerical jobs as entry-level positions. Let us know more about the private bank clerks and their roles and responsibilities in the organisation.

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Who are Bank Clerks?

A Bank clerk is an entry-level position in public and private sector banks. The major role of clerks is to handle various administrative tasks, assist senior employees of the bank, and handle day-to-day tasks in the bank.

They are responsible for maintaining records of financial transactions, offering customer services, and overseeing all major daily operations taking place in the bank. They are a very essential part of the organisation as they ensure the smooth functioning and storage of important documents inside the bank.

bank clerk job description

Bank Clerk Job Description: Key Takeaways

Bank clerk plays a very important role in the organisation managing daily operations, maintaining financial transactions, and assisting senior employees.
Private banks also hire clerks and they mostly hire freshers or young graduates with less experience for this role.
Junior officers or executives might be the title for the job updates. However, the role and responsibilities are the same as a clerk. They have to handle clerical jobs such as maintaining records, interacting with customers, assisting seniors, fetching records, and more.

Bank Clerk Job Description: Skills Required

The Qualifications and skills for a clerical job might be flexible. Many of the young graduates who are willing to find a career in banking might easily find this role in private sector banks.

However, in public sector banks, you will need to go through national-level exams and clear them with good marks to become a clerk in public sector banks. If you want to get a clerical job in private then you might need to have certain skills to crack good opportunities in top firms for this role.

Strong mathematics and accounting
Good attention to details
Excellent Communication skills
Computer knowledge and Basic IT Skills
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Bank Clerk Job Description: Job Profile

There are many areas where bank clerks work such as security clerks, bookkeeping clerks, interest clerks, loan clerks, etc and all of these clerks have specific responsibilities to handle. Some major roles and responsibilities included in the bank clerk job description are mentioned below.

A bank clerk is responsible for managing and keeping financial records, managing accounting information, dispute records, loan-related documents, interacting with customers, and assisting seniors in their daily tasks.
They must ensure compliance with KYC for all new customers in the bank. They also update customers about failure to meet validation compliances and steps to make changes.
They assist customers with opening a loan account and filling correct information in the space provided.
They handle various queries and problems of the customers and first handle them at their end. If the issues are complex they convey it to their superiors.

How to Get a Clerk Position in Private Banks?

The specific procedures for becoming a clerk in a private bank may vary depending on the type of job, as well as hiring standards. Anyways, a general architecture of the applicant procedure for a private bank clerk is given below for your reference.

Education Qualifications: Mostly for the private sector banks the limitations are more restrictive as candidates are required to have at least a bachelor’s degree from a university acquired by a UGC. In some cases, a bank may have additional requirements related to whether or not the degree is in finance.
Notification of Clerical Jobs in Private Banks: These notifications will contain relevant information on eligibility conditions, how to apply, and the last date for applying for the clerical posts along with bank clerk job description in the notice.
Applying: Candidates who want to apply for the clerk post will have to fill up an application form online, available on the bank’s official website and other designated websites. Remember to fill the application form with accurate and complete information. Re-check the provided information then make the final submission.
Assessment Tests: Private banks mostly conduct a screening test in the form of a written examination for the recruitment of clerks. On one side, this exam evaluates candidates on their numerical ability, reasoning, English language skills as well as general awareness.
Interview: A personal interview of the candidates who have been declared successful in the written exam is scheduled and conducted within a week of the written test. The interview panel will rate the communication skills, subject knowledge, and problem-solving capabilities of the candidate besides his / her fitness to hold the role.
Document Verification: The shortlisted candidates had to bring the necessary documents (Educational Certificates, ID proof, etc) and then get themselves verified.
Training: After selection, the training program of the candidates starts. The objective of this training session is to make candidates familiar with the working environment, systems, and policies before they start with their work.

What are the Pros of Working as a Clerk in Private Banks For Freshers?

There are many pros of working as a bank clerk after completing graduation.

Good exposure to the working environment and working culture if you are looking for a long career in banking.
Mostly fixed working hours i,e 10 to 5.
The work pressure is very low as you only have to manage records and cooperate with senior officials. A bank clerk does not get any target to achieve.
A bank clerk job is a well-paid job with a starting salary of over 30k+. However, the salary depends on the place of your posting, working hours, and organisation.
Employees also get insurance coverage plus other benefits along with a fixed salary per month.
Working hours are convenient and you can prepare for other exams or continue your hobbies along with the job.

Cons of Working as a Clerk in Private Banks for Freshers

If you are looking for an entry level job then clerical position is best in the segment. However, there are differences which you must be aware. Let us know some of the major cons of working as a private bank clerks below.

A clerk daily indulge in repetitive work handling files, managing records, fetching data, and maintaining information. There is very slight chance of learning something new and hence career growth opporutnties are minimal.
The salary differences in a clerical job might be unsettling when compared with other employees.
Dealing with customers on a daily basis might become frustrating and trigger anxiety. Espeically when you are dealing with rude customers.
Sometimes managers treat clerks like their servants and order them to bring things frequently.
There are very minimal allowances granted to a clerk level position unlike others who are given house allowance, health allowances, and more.

Working as a clerk might not help you learn anything, you might pursue it for financial needs and to know the work presence. It is advised to keep working hard and get promoted. For freshers, they are filled with energy and knowledge.

They might find room for growth by expanding their network, knowing about the work culture and getting to learn from their superiors. This might help them to get promoted to higher level position and discover well paid opportunities in banking sector.

Entry Level Jobs in Private Sector Banks

Given below are some major entry level jobs which might match the bank clerk job description and help you meet your financial needs. For freshers there are many entry level positions in private banks, know about them below.

Job Profiles in a Private Bank
Job Profile	Responsibilities	Avg. Salary Range
Business Correspondent	Rural financial services, account management.	₹2.2 – ₹4.5 lakhs
Debt Recovery Agent	Collecting debts, negotiations, legal actions.	₹1.9 – ₹2.4 lakhs
Credit Processing Assoc.	Loan assessments, disbursements, credit evaluation.	₹3.1 – ₹6 lakhs
Microfinance Executive	Providing small loans, credit assessments.	₹1.5 – ₹4.7 lakhs
Investment banking analyst	Conduct research and asses financial statements to know market trends	₹2.4 – ₹20 lakhs
Insurance Agent	Policy sales, client advisory.	Commission-based
Tally Operator	Handles the record for money flow in organizations, file GST Compilance, and more.	₹2.4 – ₹4 lakhs
Mutual Fund Agent	Mutual fund investments, client guidance.	Commission-based
Accounts Executive/Assistant	Financial records, reporting, compliance.	₹1.1 – ₹4.8 lakhs

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Bank Clerk Job Description FAQs

Q1. Who is a bank clerk?

Ans: Blank cler is a entry level job role in banks who is responsible for managing daily operations in bank such as record management, handling customers, form filling, fetching and managing information and more.

Q2. Do private banks have clerk position?

Ans: Private banks hire for clerk level jobs for various domain. However, freshers and young graduates are more preferred for this entry level jobs in private banks.

Q3. What is the average salary of a clerk in private banks?

Ans: As per the bank clerk job description, the average salaries of clerk role in private banks may differ based on the domain, type of organization and other major factors. However, the estimated salary for a bank clerk can be in the range of 1 to 5 Lakh per annum.

Q4. What is the age limit of clerk in private bank?

Ans: Bank clerk age limit is 20 to 30 years. However, age relaxation is provided by various banks to candidates belonging to the reserved categories. For SC/ST a 5 years of age relaxation is kept and for OBC the age relaxation is 3 years.