Indian Overseas Bank Apprentice Salary 2025 and Pay Scale

Indian Overseas Bank has announced the Apprentice Recruitment 2025 for 750 positions, giving candidates a chance to learn and gain experience in the banking sector. The monthly stipend for apprentices depends on the branch location Metro, Urban, or Semi-Urban/Rural and can go up to ₹15,000. Part of this amount is provided by the Government of India through DBT mode. Apprentices will not be treated as regular employees, so benefits like DA or HRA will not be applicable.

Indian Overseas Bank Apprentice Salary 2025

The Indian Overseas Bank Apprentice Recruitment 2025 gives candidates a chance to gain practical banking experience while earning a fixed stipend for one year. The stipend amount will depend on the place of posting. Apprentices will not be treated as bank employees and will not receive regular staff benefits.

Note: This amount includes the subsidy provided by the Government of India.

IOB Apprentice Salary Structure 2025

The Indian Overseas Bank Apprentice Salary 2025 is based on the posting location, with apprentices in Metro branches receiving ₹15,000 per month, those in Urban branches getting ₹12,000, and those in Semi-Urban/Rural branches earning ₹10,000. Out of this, ₹4,500 is contributed by the Government of India through DBT mode, and the rest is paid by the bank.

Indian Overseas Bank Apprentice Stipend 2025 (Pay Scale)

The Indian Overseas Bank Apprentice Stipend 2025 depends on the category of the branch where the apprentice is posted. Out of the total amount, ₹4,500 is credited directly by the Government of India through DBT mode, while the remaining is contributed by the bank. The stipend is paid monthly, with deductions for any unauthorized leave. No extra allowances or benefits such as DA, HRA, or medical coverage are included.

IOB Apprentices Perks and Allowances

Apprentices appointed under the Indian Overseas Bank program will be paid only the specified stipend. In return, they will get the chance to work across different functional areas of the bank, gaining practical exposure to day-to-day banking operations. No extra benefits or allowances, such as the following, will be provided:

• Dearness Allowance (DA): Not applicable
• House Rent Allowance (HRA): Not provided
• Medical Benefits: Not available
• Pension & Gratuity: Not covered under any pension scheme
• Leave Travel Concession (LTC): Not applicable

Job Profile of Indian Overseas Bank Apprentice

An apprentice at the Indian Overseas Bank will support daily banking activities while learning practical skills in customer service, account management, and other core banking operations. They may be posted in Metro, Urban, Semi-Urban, or Rural branches and will work under the guidance of experienced banking staff. Their main responsibilities include:

• Customer Service Assistance: Helping customers with account-related queries, passbook updates, and basic banking transactions.
• Data Entry & Documentation: Maintaining records of customer transactions and assisting in paperwork.
• Cash Handling Support: Learning about cash deposits, withdrawals, and fund transfers.
• Loan & Account Processing: Assisting in documentation and processing of loans and opening new accounts.
• Digital Banking Promotion: Guiding customers on digital banking services like mobile banking and net banking.