Indian Overseas Bank LBO Salary 2025, Structure, Pay Scale And Career Growth

Indian Overseas Bank LBO Salary 2025: One of the important factor motivating candidates to work hard and qualify for the Indian Overseas Bank LBO exam is lucrative Indian Overseas Bank LBO Salary offered by the bank. The Local Bank Officers will get a Salary under the basic pay of Rs. 48480/- with additional allowances and perks as stated in the detailed notification of India Overseas Bank LBO Recruitment 2025. 

The Indian Overseas Bank LBO Salary Structure includes benefits like House Rent Allowance (HRA), Dearness Allowance, Transport Allowance, Special Pay, and others. Here you can get detailed information about the IOB Local Bank Officer Salary and benefits.

Indian Overseas Bank LBO Salary 2025

The Indian Overseas LBO job role involves managing and overseeing banking operations at the local branch level. Candidates selected for the LBO post will be appointed as Assistant Manager (Scale I) and will receive a salary under the pay scale of Rs. 48480-2000/7-62480-2340/2-67160-2680/7- 85920. For candidates who are willing to start their career in banking, it is a reliable choice for numerous individuals seeking long-term employment with financial advantages and stability along with several benefits.

Indian Overseas Bank LBO Pay Scale 2025

The starting salary for the Indian Overseas Bank LBO 2025 is set at a basic amount of Rs. 48,480/-. There is an increment in the Indian Overseas Bank LBO Salary Structure  yearly raises of Rs. 2,000/- over the first 7 years, Rs. 2,340 in the subsequent 2 years, and Rs. 2,680 for the next 7 years, finally reaching at a basic pays of Rs. 85,920/-. 

Assistant Manager Scale Grade - Pay Scale Rs. 48,480 – Rs. 2,000/7 years – Rs. 62,480 – Rs. 2,340/2 years – Rs. 67,160 – Rs. 2,680/7 years – Rs. 85,920.

Indian Overseas Bank LBO Syllabus 2025- Click Here

Indian Overseas Bank LBO Salary Structure 2025

The starting basic salary for India Overseas Bank LBO is Rs. 48,480/- per month. There is an Annual increment of Rs. 2,000 given for the first 7 years, raising the basic pay from Rs. 48,480 to Rs. 62,480. For the next 2 years, increments of Rs. 2,340 every 2 years increase the salary from Rs. 62,480/- to Rs. 67,160/-.

After that, increments of Rs. 2,680/- every 7 years raise the salary from Rs. 67,160/- to a maximum of Rs. 85,920/-.

Indian Overseas Bank LBO Probation Period

Candidates who are chosen will undergo a probationary period of 2 years (active service) starting from their joining date with the Bank. Their confirmation of employment with the Bank will follow the guidelines set by the Bank according to the Officers’ Service Regulation (OSR). Those selected for the role will need to sign a Financial Service Indemnity Bond amounting to Rs. 2,00,000/- (Rupees Two lakhs) to commit to a minimum service duration of 3 years.

Indian Overseas Bank LBO Eligibility Criteria 2025- Click to Check

Indian Overseas Bank LBO Perks and Allowances

• DA (Dearness Allowances), HRA /Leased Accommodation

• City Compensatory Allowance (CCA) will be paid as per rules in force from time to time and depending upon the place of posting. 

• Medical, LTC, Terminal Benefits, and other perquisites will be as per prevailing rules.

Indian Overseas Bank LBO Career Growth

• After gaining experience and fulfilling performance criteria, LBOs can be promoted to higher managerial positions within the bank, such as Manager (Scale II) and beyond. The LBO role serves as a stepping stone to various leadership roles in the banking sector, with opportunities to specialize in credit, risk, operations, or business development.
• Career growth is supported by the bank’s internal promotion policies, training programs, and performance appraisals. Promotions are based on performance and adherence to the bank's promotion policies, which allows LBOs to participate in promotion processes for Generalist Officers if they meet the necessary criteria.
• Tenure and Increments: The salary structure supports long-term growth, with annual increments that begin at ₹2,000 for the first seven years, increasing to ₹2,340 for the next two years, and then ₹2,680 annually for the following seven years. This results in a maximum basic pay of ₹85,920 after approximately 16 years of service

Indian Overseas Bank LBO Job Profile

The Indian Overseas Bank LBO Job Profile acts similarly to a probationary officer in other public sector banks. This position involves managing branch operations, developing customer relationships, and ensuring compliance with banking regulations

1. Customer service: Assist customers with banking transactions, account management, and queries

2. Loan processing: Evaluate loan applications, assess credit risks, and release loans

3. Branch operations: Oversee daily branch operations, including cash handling and record-keeping

4. Sales: Promote bank products and services, and achieve sales targets

5. Compliance: Ensure compliance with banking regulations

6. Financial planning: Engage in financial planning and risk assessment

7. Mentoring: Mentor and supervise junior staff members.
   
   

Bank Exam Online Course