Welcome to the comprehensive job description for the Indian Overseas Bank Recruitment 2025 for the position of Local Bank Officer (LBO). This guide provides all necessary details to help aspiring candidates understand the recruitment process, eligibility criteria, salary structure, application procedure, and more. Whether you are an experienced graduate or a fresh candidate looking to begin a career in the banking sector, this opportunity presents a significant career milestone.
Indian Overseas Bank Recruitment 2025 – Local Bank Officer (LBO) Overview
Indian Overseas Bank (IOB), one of the leading public sector banks in India, has announced a recruitment drive for 400 vacancies for the post of Local Bank Officer (LBO). This recruitment aims to select qualified candidates who will serve as managerial-level officers at various branches across the country. The recruitment process is open to candidates holding any graduate degree, and applications are accepted online through the official bank website.
Important Dates and Application Process
| Event | Date |
|---|---|
| Online Application Start Date | 12-05-2025 |
| Last Date to Apply | 31-05-2025 |
| Official Notification PDF Release | 09-05-2025 |
How to Apply
Eligible candidates must submit their applications online via the Indian Overseas Bank’s official website, iob.in. Ensure you have all your documents ready before filling out the application form:
- Educational qualification certificates
- Identity proof
- Recent passport-sized photograph
- Signature
The application window is open from 12 May 2025 to 31 May 2025. Candidates are advised to apply well before the deadline to avoid last-minute server issues.
Download the Official Notification
The detailed recruitment notification provides comprehensive information regarding eligibility criteria, selection process, exam pattern, and other important instructions. You can download the PDF here:
Indian Overseas Bank LBO Recruitment 2025 Notification PDF
Job Details and Salary Structure
Position Title
Local Bank Officer (LBO)
Number of Vacancies
Total Vacancies: 400
Salary and Benefits
The initial basic pay of the selected candidates will be Rs 48,480. The salary structure is designed with additional allowances, which include Dearness Allowance (DA), House Rent Allowance (HRA) or lease rental, City Compensatory Allowance (CCA), and other perquisites as per prevailing rules.
| Component | Details |
|---|---|
| Basic Pay | Rs 48,480 (with increments of Rs 2,000 and Rs 2,340 at different stages) |
| Allowances | Dearness Allowance, HRA/Lease Rental, CCA, and other benefits |
| Total Salary (Approximate) | Based on allowances and benefits, total initial monthly salary ranges significantly beyond the basic pay |
Eligibility Criteria
Educational Qualification
The position is open to candidates with any graduate degree from a recognized university or institution.
Age Limit
The maximum age limit for applicants is capped at 30 years. Age relaxations applicable as per government rules may be considered for reserved categories.
Additional Criteria
- Candidates should possess good communication skills and the ability to work in a team.
- Prior banking experience is not mandatory but will be considered advantageous.
Selection Process
The selection of candidates for the LBO position will be based on a multi-stage process, including:
- Online Written Examination (if applicable)
- Interview and Group Discussion (if applicable)
- Document Verification
- Final Selection
The detailed exam pattern, syllabus, and selection criteria will be outlined in the official notification. Candidates are advised to stay updated through the bank’s official website.
Preparation Tips
To prepare effectively for the recruitment process, consider the following tips:
- Review general banking awareness and current affairs regularly.
- Practice quantitative aptitude, reasoning, and English language skills.
- Mock tests will help familiarize you with exam patterns and time management.
- Stay informed about the latest banking policies and economic developments.
Important FAQs
1. What is the starting date to apply online for Indian Overseas Bank LBO 2025?
Starting date is 12-05-2025.
2. What is the last date to apply online?
The deadline for application submission is 31-05-2025.
3. What is the eligibility criterion?
Applicants must hold a graduation degree in any discipline. Age limit is 30 years.
4. How many vacancies are available?
There are a total of 400 vacancies for the LBO position.
5. What is the salary structure?
The initial basic pay is Rs 48,480, with allowances adding to the total compensation package.
Contact and Support
For further queries or assistance, candidates can visit the official Indian Overseas Bank website or contact their helpdesk.
Prepare thoroughly, stay updated with official notifications, and best of luck to all applicants aspiring to join Indian Overseas Bank as a Local Bank Officer in 2025!