The Indian Overseas Bank (IOB) recently released a recruitment notification for Local Bank Officers (LBO) Posts. The online application has started for 400 vacancies. The last date to fill out the online application is 31st May 2025. The interested candidates should fill out the form earliest to avoid any technical glitch at the last moment. Candidates should check the IOB LBO notification 2025 before applying for the position. The candidates must know the detailed salary and job profile of Local Bank Officers in the Indian Overseas Bank 2025. In this blog, we have discussed the salary, Perks, and Allowances, Career Growth, and Job Profile of the IOB LBO 2025.
IOB LBO Salary 2025
The IOB LBO 2025 Salary structure is as per the Assistant Manager (Scale 1) salary. The grade scale pay of Local Bank Officers in the Indian Overseas Bank is (in Rupees)- 48480-2000/7-62480-2340/2-67160-2680/7-85920. The Basic Pay of IOB LBO 2025 is Rs. 48,480 per month. The salary of the LBO in the IOB bank is increased every year by adjusting for the inflation rate. Also, the candidates appointed as Local Bank Officers in the Indian Overseas Bank are eligible for perks and allowances. This includes the Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), Leave and Travel Allowance, and other allowances. The salary slip of the IOB LBO 2025 also includes some perks and benefits like medical facilities, loans, and reimbursements.
IOB LBO Salary 2025 overview
The Indian Overseas Bank LBO 2025 salary overview states Exam name, Post name, vacancy, pay scale, basic pay, and Job location. The overview of the Indian Overseas Bank Local Bank Officer salary 2025 is provided in the table below.
| Organisation name | Indian Overseas Bank |
| Exam Name | Indian Overseas Bank Local Bank Officer Recruitment 2025 |
| Post Name | Local Bank Officer |
| Vacancy | 400 |
| Pay Scale | (in Rupees)- 48480-2000/7-62480-2340/2-67160-2680/7-85920 |
| Basic Pay | Rs. 48480 per month |
| Job Location | Based on the Candidate’s Preference |
| Job Security | Yes |
| Official website | www.iob.in |
IOB LBO 2025 Pay Scale
The Indian Overseas Bank LBO pay scale starts with a basic pay of Rs. 48,480. The structure of the pay scale is given in the official notification, which includes several yearly increments. This can be understood as annual Increments of Rs. 2000 for 7 years, Rs. 2340 for the next 2 years, and Rs. 2680 for the next 7 years. After these years, the maximum pay scale reaches Rs. 85,920 per month. The pay scale structure of a Local Bank Officer in the Indian Overseas Bank is given below.
| Grade/Scale | Salary Structure |
| Assistant Manager (Scale 1) | Rs. 48480- Rs. 2000/7- Rs. 62480-Rs. 2340/2- Rs. 67160- Rs.2680/7- Rs. 85920 |
IOB LBO 2025 Salary Structure
The salary structure of the Indian Overseas Bank LBO 2025, which has been discussed above, is given in the table below. This will ensure the candidates understand the salary structure of IOB LBO 2025 in an easy-to-read manner. The basic salary of the IOB LBO starts with Rs. 48,480 per month. The increments made in the IOB LBO salary are as per the structure provided below.
| Basic Pay Stage (in Rupees) | Increment Amount (in Rupees) | Duration (in Years) | Salary Range (in Rupees) |
| Rs. 48,480 | Rs. 2,000 | 7 years | Rs. 48,480 – Rs. 62,480 |
| Rs. 62,480 | Rs. 2,340 | 2 years | Rs. 62,480 – Rs. 67,160 |
| Rs. 67,170 | Rs. 2,680 | 7 years | Rs. 67,160 – Rs. 85,920 |
Indian Overseas Bank LBO 2025 Perks and Allowances
The Perks and Allowances apply to the IOB LBO officers according to the Banking norms and regulations set by the Indian Overseas Bank. There will be changes in the allowances as per the rules enforced from time to time. Some of the Perks and Allowances are listed below.
- House Rent Allowance
- Dearness Allowance
- City Compensatory Allowance
- Leave and Travel Allowance
- Medical Insurance and Benefits
- etc.
Indian Overseas Bank Local Bank Officer 2025 Probation Period
The Probation period for the IOB LBO 2025 is 2 years. During this period, the candidates are sent for the training. This training is designed to prepare the candidates for the Local Bank Officer roles and responsibilities in the IOB Bank. The candidates are selected after completing all the stages of the selection process. These candidates will be on a Probation Period for 2 years from the Date of joining the bank.
IOB LBO Indemnity Bond
The candidates selected for appointment to the post of Local Bank Officer in the Indian Overseas Bank will be required to execute a Financial Service Agreement, i.e., Indemnity Bond for Rs. 2,00,000/- (Rupees Two lakhs) for rendering service for a minimum period of 3 years. This is mandatory for all the appointed candidates. The amount mentioned here can also be paid in instalments to the bank.
IOB Local Bank Officer 2025 Job Profile
The Indian Overseas Bank LBO (Local Bank Officer) Job Profile 2025 involves a wide range of responsibilities, such as Financial Reporting, team leadership, customer service, risk management, loan and credit management, sales, and business development. Also, the IOB LBO handles customer queries, promotes bank products, and ensures adherence to operational standards. The Key responsibilities of IOB LBOs are listed below.
- Customer Service
- Risk Management
- Finacial Reporting
- Loan and Credit Management
- Team Leadership
- Sales and Business Development
- Handling Customer Queries
IOB Local Bank Officer 2025 Career Growth/Progression
The Indian Overseas Bank provides attractive salary benefits, Job Security, career growth, and a wide range of responsibilities to the Local Bank Officers LBOs. The Career Progression or Career Growth of Local Bank Officers in the Indian Overseas Bank is mentioned below.
- Local Bank Officer: The candidate is first appointed as LBO in the IOB Bank through the selection process.
- Assistant Manager: Then, the candidate is appointed as Assistant Manager after gaining experience as LBO within the Bank.
- Branch Manager: Further, the candidate is appointed as Branch Manager after several years of work experience. They handle the operations of the Branch.
- Regional Manager: After this, the candidate is appointed as a Regional Manager, where they oversee multiple branches and develop strategies for business growth.
- Senior Executive roles: With several years of experience, the candidate will move to Senior Executive roles at the Bank’s corporate office. Here, the candidate will make policies and business strategies for the Indian Overseas Bank.
IOB LBO Salary 2025: FAQs
The basic salary of a Local Bank Officer in the IOB Bank is Rs. 48,480.
The Job Profile of the LBO in the Indian Overseas Bank includes financial reporting, risk management, credit management, team leadership, loan and credit management, and handling customer queries.
Yes, there is significant career growth in the Indian Overseas Bank after the candidate is appointed as a Local Bank Officer.
The Perks and allowances of LBO in the IOB Bank include HRA, DA, CCA, etc., along with the medical benefits and loan and travel reimbursements.
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