IBPS RRB

Pro and Cons of Working In a Regional Rural Bank

Regional Rural Banks were established by the government to spread banking facilities to rural areas. A regional rural bank is together sponsored by a Scheduled Bank, State Government of State, and Central Government. RRB’s follow all the guidelines under Banking Negotiable Instrument Act. Sponsored bank holds 50% control over the bank’s share and is responsible for running of the bank. Every state can have multiple Regional rural Banks which are operated by different Nationalized Bank in different areas.

There are many Pro and Cons of Working in A regional Rural Bank a few of which have been stated under.

Pros:

Salaries are same and follow same rules like those in Nationalized Banks
Discussion over perks are underway in different banks, and in a few years perks will be similar to nationalized banks
Work load in these banks is less as compared to Nationalized Banks
Transfers are limited to state Borders. In any RRB you wont have a threat to be posted in other state.

Cons:

Level of Exposure you get in RRB’s is low as compared to Nationalized Banks
Postings are usually in Rural Areas, which sometimes are so interior that you face problems in commuting
These banks still work on pension and PF system. New Pension Scheme has still not been implemented in these banks which in long run hurts your total Savings.
Slow Promotions and limited Growth

In times of depleting vacancies in Nationalized Banks, we are of an opinion that RRB’s are a better option to join and learn banking. Along with RRB you will always have an opportunity to study.

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