How to Become a Bank Clerk in India?

Many individuals choose to pursue a career in banking mainly because the field offers a variety of job opportunities and lucrative salary packages. One can choose any popular career path in banking including banker, investment banker, bank manager, bank clerk and many more. Bank clerk is a popular profession in the field of both banking and finance. The job offers stable career growth and many opportunities to climb the professional ladder. And if you wish to know more about how to become a bank clerk, continue reading this blog

Who is a Bank Clerk?

A bank clerk is the first or the only point of contact between a bank and the customer. Bank clerks play an integral role in providing optimal customer service.  They perform several administrative duties to carry out all related processes smoothly. Being a bank clerk is one of the most desired jobs due to its job security and other perks. 

Also Read: How to start a career in investment banking in India

Roles and Responsibilities of a Bank Clerk

The followings are the roles and responsibilities of a bank clerk:

• Bank clerks are primarily responsible for managing customers and providing them best customer service
• They manage customer service tasks including passing of checks, data updates, and withdrawal slips
• Bank clerks are the link between bank tellers and providing customer service 
• They assist people with processes like money transactions, applying for loans, opening a bank account, issuing debit or credit cards
• They are also responsible for managing customer details, keeping financial records and performing cash and financial data management
• Bank clerks perform administrative duties and follow reporting and management laws and guidelines

Types of Bank Clerks

The following are the types of bank clerks:

• Interest Clerks – They are responsible for keeping records of the amount of interest owed to the savings account of a customer of the bank and making records of the amount of the loan owed to the bank via loans and other investments.
• Loan Clerks – Loan clerk is responsible for carrying out loan-related activities such as loan processing, auditing and finalising forms of contracts. They also perform background checks of the organization or individual who has applied for the loan 
• Statement Clerks – They check the account of every customer and then prepare a monthly balance sheet. They also provide bank statements to the customer. Statement clerks manage account-related inquiries and solve discrepancies as well. 
• Security Clerks – Their job is to manage and maintain records and files. They look after several investments including bonds and stocks. 
• Exchange Clerks – They work on international accounts in the bank. Their job details include converting foreign currency into Indian rupees and the other way around depending on the current foreign exchange rates. 

Steps to Become a Bank Clerk

The following are the steps to becoming a bank clerk:

Education 

The candidate is required to complete their 10+2 level of education in any stream with an aggregate of 50%. However, most students who wish to become bank clerks choose to study commerce stream in their high school. 

Entrance Examination

Students who want to become bank clerks may be required to qualify for the entrance exam conducted by particular universities. Some universities do accept admission based on merit criteria while some choose to conduct entrance exams. The following are the popular entrance exams for becoming a bank clerk:

IPU CET – Indraprastha University Common Entrance Test 

BHU UET – Banaras Hindu University Undergraduate Entrance Test

AMU AT – Aligarh Muslim University Admission Test

Degree 

Students can choose to pursue any field-related degree course including banking, finance, accounting, taxation, bachelor’s of commerce, bachelor’s of business administration etc. After pursuing an undergraduate degree, students can either choose to pursue a postgraduate degree or do an internship. 

Work Experience

After completing their undergraduate degree, students can choose to do internships to get practical working experience in the field. After getting the required knowledge in the field students should apply for a job to get professional experience.

Also Read: All About Commerce

Certification to Become a Bank Clerk 

The following are the certification courses that can help you become a bank clerk:

• Banking and Insurance certification course
• Banking and Finance certification course
• Business Administration certification course
• Accounting and Taxation certification course
• Financial Management certification course

Skills Required to Become a Clerk

The following are the skills required to become a clerk:

• Detail-oriented
• Communication skills
• Problem-solving skills
• Analytical skills
• Computer skills
• Management skills
• Data-oriented skills 
• Statistics 

Average Salary of Bank Clerk

The salary of a bank clerk is subject to their experience. The average salary of a bank clerk in India ranges from 2.1 Lakh to 5 Lakh per year. 

Career Scope 

Banking is an expansive field with multiple job opportunities. The finance sector is expanding across borders and many banking and finance firms are looking for young graduates to handle various tasks including data entry, financial management, cash-flow management, maintaining records and many more. The field offers many perks to professionals as well. And as the world is becoming more global the opportunities in the field will only grow in the future. 

Want to study abroad but are worried about finances? Let Fly Finance help you.

FAQs

Well, we hope that we have provided you with the relevant information on how to become a bank clerk.in India. Subscribe to Leverage Edu for more updates.