15 Highest-Paying Bank Jobs in India [with Responsibilities, Skills, & Salary]

The banking industry in India has been on the rise. With the expansion of financial services, the banking industry has experienced an upward trajectory in terms of the availability of various job opportunities. Bank jobs continue to be valued for their stability, growth prospects, and competitive salaries. Careers in banking offer diverse opportunities ranging from customer relations to financial management. Each of these roles comes with its own potential for advancement. 
If you are looking for employment prospects in the banking industry, consider exploring bank jobs. In this blog, we will discuss the highest-paying bank jobs in India, their key responsibilities, required qualifications and skills, and salaries for you to make an informed career decision.

Highest-Paying Bank Jobs

In India, public and private sector banks offer numerous job opportunities for entry-level and experienced professionals. To discover the list of the highest-paying bank jobs, read ahead to learn about the types of job roles available in the banking sector:

1. State Bank of India – Probationary Officer

SBI PO has one of the best jobs in the banking sector. This is because of the high pay scale among the public sector undertaking banks, SBI’s brand value, and opportunities for promotion. It is an entry-level position that involves handling the bank’s day-to-day operations, including branch management, customer service, sales, and more. 

To apply for this role, you have to appear for the SBI PO examination, which is conducted every year. SBI PO exam consists of three phases – prelims, mains, and group discussion/interview. It is necessary to pass each exam to proceed to the next stage.

i. Role and Responsibilities:

Here are the key responsibilities of the SBI PO:

• Manage and monitor customer accounts to ensure new accounts are created and account closures are processed efficiently.
• Ensure compliance with baking regulations and standards in all processes.
• Assist customers with queries, resolve complaints, and address their banking requirements.
• Supervise a team of clerks and other staff, assign tasks, and ensure daily operations run smoothly.
• Handle cash transactions and ensure accurate counting and disbursement of cash to customers. 
• Identify and manage risks associated with baking operations. 
• Assess applicants’ eligibility and verify documents to make recommendations on loan approval or rejection.

ii. Required Qualifications and Skills

Here are the qualifications and skills to become an SBI PO: 

• A bachelor’s degree in any discipline from a recognized university or equivalent qualification.
• Excellent verbal and written communication skills.
• Good computer literacy and general awareness.
• Strong quantitative aptitude and banking knowledge.

Average Salary Range: ₹7.5 LPA to ₹12.9 LPA

2. Loan Officer

Loan officers are professionals who evaluate the eligibility and suitability of loan applications and process them accordingly. They interview the loan applicants to decide on their financial eligibility and check if it is feasible to grant them loans. Overall, they act as the point of contact between customers and the bank or other similar financial institutions. Loan officers may also establish debt repayment plans to facilitate the loan-recovery process. 

i. Role and Responsibilities

Here are the key responsibilities of a loan officer:

• Process loan applications to assess the applicant’s credit and financial eligibility.
• Interview applicants to determine if they should be given the loan.
• Maintain and update loan account records.
• Assess customer needs and provide loan options accordingly.
• Communicate with customers to acquire or provide information and convey decisions regarding loan applications.
• Identify applicable ratios and metrics to plan a debt payment schedule accordingly.
• Ensure compliance with lending laws and regulations. 
• Create referral networks and recommend alternate channels to sell products and services to achieve targets. 

ii. Required Qualifications and Skills: 

Here are the qualifications and skills needed to become a loan officer: 

• A bachelor’s degree in economics, finance, or a related field.
• Experience working as a loan officer.
• Well-versed in computers and banking software or applications.
• Strong communication skills with the ability to work in a goal-oriented environment.
• Understanding of the bank’s loan-related products and services.

Average Salary Range: ₹6 LPA to ₹12 LPA

3. Auditor

Auditors in banks are responsible for examining financial records, ensuring compliance with standards and regulations, and evaluating internal controls. They conduct regular reviews to identify errors, discrepancies, or fraudulent activities. 

Auditors play a critical role in maintaining the transparency and integrity of a bank’s financial operations. The main purpose of their work is to assure different stakeholders and regulatory bodies of the accuracy, reliability, and compliance of financial statements and disclosures. If you are keen on pursuing a career in auditing, check out our guide on how to become an auditor. 

i. Role and Responsibilities

Here are the key responsibilities of an auditor:

• Recommend improvements in internal audit processes and procedures to improve internal controls.
• Define targets and conduct audits at the bank to identify risks.
• Provide solutions and feedback related to the audit issues. 
• Gather, analyze, and evaluate accounting documentation, data, reports, flowcharts, and more.
• Prepare and present reports that reflect the audit’s results and recommendations.
• Follow-up audits to monitor management’s interventions. 

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become an auditor:

• A bachelor’s degree in commerce, business administration, or any related field.
• Professional certifications like Chartered Accountant (CA) or Certified Internal Auditor (CIA).
• Experience working as an auditor or in similar roles.
• Advanced computer skills and proficiency in accounting software, MS Office, and MS Excel.
• Deep understanding of auditing standards and procedures, laws, and regulations.
• Ability to manage large amounts of data and prepare detailed reports.

Average Salary Range: ₹5 LPA to ₹18 LPA

4. Finance Advisor

Finance advisors have one of the highest-paying bank jobs in India. They work closely with clients, mostly businesses, to provide personalized financial guidance and investment strategies. They assess clients’ financial situations, objectives, and risk tolerance to create customized plans for investments, savings, and retirement. Further, they keep track of market trends and economic conditions to offer informed advice on asset allocation and portfolio management. Overall, finance advisors aim to maximize their client’s returns while managing risks. 

i. Role and Responsibilities

Here are the key responsibilities of a financial advisor:

• Give advice about financial products and services like cash management, investments, insurance coverage, and debt management. 
• Develop a client base and create long-term relationships.
• Guide banks toward profitable and secure financial decisions.
• Assess the bank’s financial picture, understand its requirements, and create a financial plan accordingly. 
• Generate leads to sell stocks, bonds, mutual funds, and other banking products.
• Stay updated with industry trends and the research market to provide relevant financial consulting.
• Ensure compliance with industry regulations and standards.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a finance advisor:

• A bachelor’s degree in economics, business administration, finance, or a related field.
• Working experience as a finance analyst or in a similar role.
• Ability to analyze the market’s financial data and offer data-driven advice.
• Computer literacy and ability to create and manage database systems.
• Excellent communication and presentation skills.
• Strong negotiation skills, attention to detail, and ability to simplify information for stakeholders.

Average Salary Range: ₹5.9 LPA to ₹16.3 LPA

5. Reserve Bank of India – Assistant

The assistant role at RBI is responsible for managing administrative duties and assisting higher-ranking executives. They keep records or files, maintain ledgers, verify documents, and perform other similar duties. The RBI conducts an examination to recruit qualified individuals for this role. This examination consists of three stages, namely:

• Preliminary exam 
• Mains exam
• Language proficiency test (qualifying in nature)

i. Role and Responsibilities:

Here are the key responsibilities of an RBI assistant:

• Perform data entry in the system and maintain records.
• Prepare sectional office notes as prescribed by the senior officials.
• Collect receipts and balance tally to maintain proper documentation.
• Verify banking-related documents.
• Understand the guidelines and plan a course of action accordingly.
• Reply to emails received daily, giving apt and accurate information.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become an RBI assistant:

• A candidate must be between 20 and 28 years old, though reserved categories may have an age relaxation.
• To apply for the RBI Assistant position, candidates must hold a bachelor’s degree from a government-recognized university with at least 50% marks.

Average Salary Range: ₹6 LPA to ₹12 LPA

6. Reserve Bank of India – Grade B Officer

The Reserve Bank of India offers one of the highest-paying bank jobs in the country. The institution hires Grade B officers to manage monetary policy, oversee financial stability, and regulate the banking system in the country. A person who wishes to work as an RBI Grade B officer must pass the respective exam conducted by the RBI. There are three phases to this examination, which include:

• Phase 1: This phase comprises objective questions to test your numerical ability, English language, reasoning ability, and general awareness. This paper consists of 200 questions and is to be completed in 2 hours. 
• Phase 2: It has both objective and descriptive sections. It tests your English writing skills, knowledge of economic and social issues, and understanding of finance and management. These topics are tested in three different papers to be completed in 3 hours and 30 minutes. 
• Interview Round: This is the final stage where you appear in front of a panel that asks you questions about your personal details, educational background, current affairs, RBI, etc. This round holds 20% weight in the final selection.

i. Role and Responsibilities

Here are the key responsibilities of an RBI Grade B officer:

• Ensure that banks under their jurisdiction function as per the Banking Regulations Act of 1949.
• Inspect the credit appraisal systems of banks, cash vaults, and KYC AML (know your customer/anti-money laundering) guidelines.
• Protect public money and safeguard the interests of depositors.
• Assist in policy-making process related to banks.

ii. Required Qualifications and Skills 

Here are the qualifications and skills required to become a RBI Grade B officer:

• For the general post, you should have 60% marks in graduation from any subject or 55% marks in post-graduation.
• For the DSIM (Department of Economic and Policy Research) post, you should have the following qualifications:
  • A master’s degree in statistics/ mathematical statistics/ mathematical economics/ econometrics/ statistics & informatics from IIT-Kharagpur/ applied statistics & informatics from IIT-Bombay with a minimum of 55% marks.
  • Master’s degree in mathematics with a minimum of 55% marks and a one-year postgraduate diploma in statistics or related subjects from a reputable institution.
  • Master’s in statistics from the Indian Statistical Institute with a minimum of 55% marks.
  • Postgraduate diploma in business analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with a minimum of 55% marks.
• For the DEPR (Department of Economic and Policy Research) post, you should have a master’s degree in any of the following disciplines:
  • Economics, finance, or related fields with a minimum of 55% marks.
  • PGDM/MBA in finance with minimum 55% marks.
  • Sub-categories of economics like agriculture, business, etc. with 55% marks.

Average Salary Range: ₹7 LPA to ₹13 LPA

7. Personal Banker

Personal bankers have one of the top-paid banking jobs. They serve as the primary point of contact for individual customers at a bank. They help customers with banking services like opening accounts, processing transactions, and providing information on bank products, such as demat, savings or other accounts, credit cards, and loans. Personal bankers also advise customers on managing their finances efficiently with solutions catering to their financial requirements and goals. 

i. Role and Responsibilities

Here are the key responsibilities of personal bankers:

• Help clients with a range of banking tasks, including creating and maintaining accounts.
• Provide personalized financial advice and guidance to customers.
• Promote and sell banking products and services.
• Address and resolve customer inquiries and issues promptly.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a personal banker:

• A bachelor’s degree in finance, economics, banking, or a related field.
• Familiarity and understanding of banking products and services.
• Strong sales skills are essential to promoting the bank’s offerings.
• Excellent interpersonal skills contribute to building rapport and trust with customers.
• Attention to detail and accuracy are crucial in handling financial transactions and ensuring compliance.

Average Salary Range: ₹5 LPA to ₹10 LPA

8. Institute of Banking Personnel Selection (IBPS) – Probationary Officers

A probationary officer’s primary duty is to manage the day-to-day operations of the bank branch. The Institute of Banking Personnel Selection recruits for probationary officer positions. It is an autonomous body that conducts examinations for all public sector banks except SBI. 

The IBPS PO exam consists of a preliminary exam and a main exam. A candidate has to clear each exam and the interview round to secure the probationary officer job. After successfully passing the examination, the candidate gets placement at the following banks:

• Bank of Baroda
• Canara Bank
• Bank of Maharashtra
• Indian Bank
• Union Bank of India
• Central Bank of India
• Punjab National Banks
• Indian Overseas Bank
• UCO Bank
• Andhra Bank
• Oriental Bank of Commerce
• Punjab and Sind Bank
• Bank of India

i. Role and Responsibilities

Here are the key responsibilities of the IBPS PO:

• Oversee finance, accounts, marketing, and loan operations in a bank.
• Address customer queries and concerns to offer prompt solutions.
• Verify documents and process loans to support the bank’s lending activities.
• Explore and pursue new business opportunities for the branch.
• Foster positive public relations and communicate grievances to the bank’s higher authorities. 

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become an IBPS PO and appear for the exam:

• You should have a bachelor’s degree in any discipline from a recognized university or equivalent.
• The minimum age limit to appear for the exam is 20 years and the maximum age limit is 30 years.
• You should possess working knowledge of computer systems.
• Candidates with verbal and written proficiency in the official language of the state/UT are preferred. 

Average Salary Range: ₹6 LPA to ₹12 LPA

9. Institute of Banking Personnel Selection (IBPS)- RRB (PO)

The Regional Rural Bank (RRB) PO is a bank job focused on rural and agricultural development. A probationary officer in rural banks undertakes duties like providing loans and financial assistance to farmers, rural entrepreneurs, or small-scale businesses. The Institute of Banking Personnel Selection (IBPS) conducts the recruitment exams for regional rural banks in India. This examination comprises the following:

• Preliminary Exam: In this exam, the candidates have to solve 80 questions related to reasoning and quantitative aptitude in 45 minutes. 
• Mains Exam: In this exam, there are 5 sections to be completed in 2 hours. The topics include reasoning, general awareness, quantitative aptitude, computer knowledge, and Hindi/English.
• Interview Round: The final round is the interview round, where a panel of interviewers asks the candidates questions about their personal details, knowledge of rural banks, and related concepts. 

i. Role and Responsibilities

Here are the key responsibilities of a probationary officer at a regional rural bank:

• Manage the day-to-day banking operations.
• Manage single window operations or work as a teller.
• Prepare audit reports and recovery plans for non-performing assets.
• Disburse loans and provide credit portfolio ratings.
• Stay updated with agricultural schemes and policies for the rural market.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a probationary officer in RRB:

• A bachelor’s degree in any field is a must to apply for the RRB PO exam.
• Preference is given to candidates with specific degrees like agriculture, horticulture, forestry, animal husbandry, veterinary science, agricultural engineering, pisciculture, agricultural marketing, information technology, management, law, economics, or accountancy.
• Proficiency in local language as prescribed by the RRBs.
• The age limit should be between 18 and 30 years to work as a PO in any rural bank. 

Average Salary Range: ₹5 LPA to ₹11 LPA

10. Credit Analyst

Credit analysis is a specialized field of financial risk analysis. Credit analysts have one of the top-paid banking jobs in India. They evaluate the creditworthiness of individuals or businesses applying for loans. These professionals gather and analyze financial data like borrower’s payment history, assets, liabilities, earnings, etc. They search and identify indicators that signify risks associated with the borrower. Banks hire credit analysts to help assess the various companies and individuals to whom the bank can offer loans and generate a return on their cash assets. 

i. Role and Responsibilities

Here are the key responsibilities of a credit analyst:

• Analyze financial statements and assess credit requests.
• Share analysis, insights, and recommendations with managers to highlight the borrower’s ability to repay. 
• Create models and spreadsheets to support the analysis of new and existing credit applications.
• Recommend credit risk analysis and assessment-related solutions.
• Stay updated with the company’s lending protocols.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a credit analyst:

• A bachelor’s degree in economics, commerce, finance, accounting, or a relevant business-related discipline.
• Well-versed in financial statements, ratios, and other similar concepts.
• Good analytical and quantitative skills.
• Proficiency in related computer applications, especially in MS Office.
• Attention to detail to identify errors in data and find possible solutions.
• Excellent time-management skills to complete projects within the deadline and in a high-pressure work environment. 

Average Salary Range: ₹5 LPA to ₹11.6 LPA

11. NABARD Grade A & B Officers

NABARD stands for the National Bank for Agriculture and Rural Development. It is responsible for overseeing and implementing various developmental initiatives in the agriculture and rural sectors. NABARD also provides financial and technical support to rural development programs across the country. 

It organizes recruitment exams annually to hire Grade A & B officers. These officers are responsible for managing rural credit and development programs, as well as overseeing agricultural and rural development projects. To become an officer in this institution, you need to pass the NABARD Grade A & B exam, which includes: 

• Phase 1: It is a preliminary exam with objective questions on reasoning, English language, computer knowledge, quantitative aptitude, general awareness, economics & social issues, agriculture, and rural development. The duration of the exam is 2 hours. 
• Phase 2: This exam has both objective and descriptive sections. For Grade A posts, the questions will revolve around general English, economic and social issues, agriculture, and rural development. 
  For Grade B posts, the questions are about the same topics included in the Grade A exam and additionally about development economics, statistics, finance, and management. 
• Interview Round: The interview round is designed to assess a candidate’s background, conceptual knowledge, and reasoning aptitude. 

i. Role and Responsibilities

Here are the key responsibilities of NABARD Grade A and B officers:

Grade A Officer	Grade B Officer
– Help agrarian communities form cooperatives and banks. – Implement and monitor various government schemes, programs, and policies related to rural and agricultural development. – Assess and approve financing for rural projects.	– Monitor accounting procedures in the bank. – Maintain customer relationships by answering their queries and resolving their complaints. – Coordinate and facilitate interdepartmental assignments. Approve loans for individuals and groups in rural areas.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a NABARD Grade A & B officer:

	Grade A Officer	Grade B Officer
Educational Qualifications	– A bachelor’s degree in any discipline like dairy technology, agriculture, animal husbandry, veterinary science, fisheries, horticulture, information technology, commerce, science, arts, management, engineering, etc. with a minimum of 50% marks. – Master’s degree in agriculture, veterinary sciences, animal husbandry, fisheries, dairy technology, horticulture, arts, management, commerce, science, engineering, information technology, etc. with a minimum of 50% marks, or Chartered / Cost Accountants / Company Secretary (ACS) with a bachelor’s degree, or Two-year full-time PG diploma in management /MBA qualification from institutions recognized by the Government of India/UGC with a bachelor’s degree.	– A  master’s degree in information technology,  arts, management, commerce, science, engineering, fisheries, dairy technology, agriculture, veterinary sciences, animal husbandry, horticulture, etc. with a minimum of 60% marks, or Chartered / Cost Accountants / Company Secretary (ACS) with a bachelor’s degree, or Two-year full-time PG diploma in management or an MBA degree from institutions recognized by GoI / UGC with a bachelor’s degree.
Age Limit	21 to 30 years	25 to 35 years
Additional Qualifications	– To work in specific departments, you should have relevant educational experience. For example, you can apply to the information technology department of the bank with a bachelor’s degree in computer science.	– At least three years of full-time experience as an officer in commercial/cooperative/regional rural banks/ FIIs/corporations/non-banking finance companies.

Average Salary Range: ₹6 LPA to ₹12 LPA

12. NABARD Development Assistant

Working as a development assistant involves playing a crucial role in rural development initiatives. This is one of the best-paid banking jobs. NABARD appoints development assistants to support various developmental projects to uplift rural communities across the country. The development assistant collaborates closely with local communities, government agencies, and other stakeholders to ensure the effective execution of NABARD’s developmental programs.

i. Role and Responsibilities

Here are the key responsibilities of the NABARD development assistant:

• Facilitate the implementation of rural development schemes.
• Conduct field visits to assess the project’s progress.
• Compile reports showcasing crucial data about schemes and projects.
• Assist in the disbursement of funds to beneficiaries.
• Provide administrative support and maintain records.
• Contribute to the overall planning and monitoring of rural development projects.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a development assistant with NABARD:

• A bachelor’s degree in disciplines such as agriculture, economics, rural development, finance, or related fields. 
• Understanding rural development concepts, government schemes, and agricultural practices. 
• Excellent verbal and written communication skills are essential for effectively interacting with stakeholders, preparing reports, and documenting project activities.
• Proficiency in using computers and basic software applications like MS Office for data entry and report preparation.
• Aptitude for identifying challenges, proposing solutions, and implementing corrective measures as necessary during project implementation.
• Proficiency in regional languages can be advantageous, especially in states with diverse linguistic populations.

Average Salary Range: ₹5 LPA to ₹10 LPA

13. Investment Banker

Investment bankers handle large-scale financial transactions and provide advisory services to corporations, businesses, and high-income clients. These bankers specialize in areas such as mergers and acquisitions, strategic financial planning, and capital raising through various means. 

They aim to utilize their expertise in financial markets and valuation to negotiate deals that optimize value and meet client goals. For a comprehensive understanding of pursuing a career in investment banking, check out our guide on how to become an investment banker.

i. Role and Responsibilities

Here are the key responsibilities of an investment banker:

• Conduct financial analysis and modeling.
• Provide advice to clients regarding investment opportunities.
• Manage underwriting securities offerings on behalf of the bank that seek to assess risk and the price of specific securities.
• Maintain and develop client relationships.
• Handle the execution of mergers and acquisitions.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become an investment banker:

• A bachelor’s degree in economics, finance, or a related field.
• Strong analytical and quantitative skills. 
• In-depth knowledge of financial markets and products is required to provide appropriate solutions.
• Good interpersonal skills to effectively interact with clients.
• Ability to thrive under pressure and meet deadlines in the fast-paced environment of investment banking.

Average Salary Range: ₹17 LPA to ₹55 LPA

14. Branch Manager

Branch managers are responsible for supervising the daily operations of a bank’s branch. They aim to ensure efficient service delivery and adherence to regulatory guidelines. In addition to managing the staff appointed to the branch, they also handle personal bankers and tellers. Branch managers are tasked with achieving branch sales targets, operational efficiency, and customer satisfaction goals. 

i. Role and Responsibilities

Here are the key responsibilities of a branch manager:

• Manage operations like administration, human resources, distribution operations, sales, and customer service.
• Identify areas of improvement in the bank and propose a possible course of action to overcome challenges.
• Research local market conditions and determine existing and prospective sales opportunities.
• Create forecasts, business plans, and financial objectives to meet goals and metrics over some time.
• Provide training, development opportunities, and coaching to branch personnel.
• Manage the budget and allocate funds accordingly.
• Address customer queries and issues appropriately and promptly.
• Ensure adherence to high ethical standards and compliance with regulations and laws. 

ii. Required Qualifications and Skills 

Here are the qualifications and skills required to become a branch manager:

• A bachelor’s degree in finance, accounting, business administration, or related field.
• Strong leadership, organizational, and human resources management skills.
• Familiarity with the industry’s regulations, laws, and rules.
• In-depth knowledge of modern management techniques and best practices.

Average Salary Range: ₹8 LPA to ₹17 LPA

15. Relationship Manager

Relationship managers assist clients with banking services, offer personalized solutions, and provide advisory services. They have one of the highest-paying bank jobs in the financial sector. They coordinate with different departments in the bank to deliver services like investment plans, lending, and wealth management tailored to their client’s financial objectives. 

i. Role and Responsibilities

Here are the key responsibilities of a relationship manager:

• Assess client requirements to create financial plans accordingly.
• Resolve customer complaints effectively and efficiently.
• Generate leads by approaching potential customers and establishing relationships.
• Forward cross-selling and upselling opportunities to the sales team.
• Ensure the existing customers are satisfied and renew contracts.
• Promote quality sales, supply, and customer service procedures.

ii. Required Qualifications and Skills

Here are the qualifications and skills required to become a relationship manager:

• A bachelor’s degree in business administration, finance, or related field.
• Proficiency in customer relationship management (CRM) practices.
• Strong communication and problem-solving skills to be able to resolve issues and maintain good relationships with clients.
• A customer-oriented mindset with an in-depth understanding of financial and banking concepts and terms.

Average Salary Range: ₹6 LPA to ₹10 LPA

Conclusion

In this blog, we have discussed the highest-paying bank jobs to help you choose the right career that aligns with your professional aspirations. From specialized positions in investment banking to leadership roles in commercial banking, each career path offers its own mix of challenges and rewards. Success in the banking industry depends on your skill, dedication, and continuous learning. So, remember to stay updated on industry trends, improve relevant skills, and earn professional certifications. These steps will give you a competitive edge in the field. 

If you are looking for opportunities in the finance sector, check out our guide on the highest-paying finance jobs in India. 

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