Indian Overseas Bank LBO Salary 2025, In Hand Salary, Pay Scale & Job Profile

Indian Overseas Bank will soon conduct the IOB LBO Exam 2025 to fill 400 vacancies for the post of Local Bank Officer (LBO). With the exam approaching, candidates should stay focused and well-prepared. It is equally important to understand the Indian Overseas Bank LBO Salary 2025, as detailed in the official notification. The salary structure and job responsibilities for the LBO role are clearly outlined, and all aspirants are advised to review them carefully before appearing for the exam.

Indian Overseas Bank LBO Salary 2025

The Indian Overseas Bank LBO Salary 2025, as mentioned in the official recruitment notification, offers a competitive pay scale to the selected candidates. Those appointed as Local Bank Officers (LBO) will receive a starting basic pay of ₹48,480/- per month. Along with the basic salary, selected candidates will also be eligible for various allowances and benefits as per the bank’s guidelines. These may include House Rent Allowance (HRA), Dearness Allowance (DA), medical benefits, and other perks, which can vary based on the location of posting and service terms.

IOB LBO Salary 2025 Overview

The official notification for the IOB LBO Recruitment 2025 has outlined the job details. Candidates can find a concise overview of the Local Bank Officer (LBO) salary structure for 2025 here.

Indian Overseas Bank LBO Pay Scale

The Indian Overseas Bank LBO Pay Scale 2025 for the post of Assistant Manager (Scale I) has been clearly defined in the official notification. The salary structure follows a progressive pay scale model, ensuring regular increments based on years of service. Below is the detailed pay scale for the Local Bank Officer post:

Indian Overseas Bank LBO Salary Structure

The Indian Overseas Bank LBO Salary Structure 2025 offers a steady pay progression. The basic pay starts at ₹48,480 with an annual increment of ₹2,000 for 7 years, reaching ₹62,480. After that, there’s a ₹2,340 increment every 2 years, increasing the pay to ₹67,160. Finally, a ₹2,680 increment every 7 years takes it up to ₹85,920. Along with the basic pay, employees also receive various allowances and benefits, making the overall package attractive.

Indian Overseas Bank LBO Salary In Hand 2025

The Indian Overseas Bank (IOB) Local Bank Officer (LBO) job offers a good salary and great benefits, making it a smart career choice in 2025. The starting basic pay is ₹48,480 per month, and with regular yearly increases, it can go up to ₹85,920 over time. After deductions such as taxes and provident fund, and adding allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and City Compensatory Allowance (CCA), the in-hand salary comes to around ₹55,000 to ₹65,000 per month.

Indian Overseas Bank LBO Salary 2025: Bonuses and Allowances

In 2025, candidates selected as Local Bank Officers (LBOs) at Indian Overseas Bank receive a good salary along with several bonuses and allowances that make the job more rewarding and secure.

• Dearness Allowance (DA): Extra money added to your salary every few months to adjust for rising prices.
• House Rent Allowance (HRA): Helps cover your house rent—higher if you’re posted in a metro city.
• City Compensatory Allowance (CCA): Extra pay for working in big cities where living costs are higher.
• Medical Bonus: Health coverage for you and your family under the bank’s medical plan.
• Pension Bonus: Monthly contribution to your retirement fund under the New Pension Scheme (NPS).
• Travel Bonus: Covers travel costs for official work or transfers.
• Performance Bonus: Given once a year based on how well you and your branch perform.
• Other Bonuses: Includes festival advances, low-interest staff loans, and other employee benefits.

Indian Overseas Bank LBO Job Profile 2025

The Local Bank Officer (LBO) role typically involves managing operations and ensuring the smooth functioning of a branch or regional office of a bank. Here’s an overview of the LBO job profile:

Branch Operations Management:

• Supervise and manage day-to-day banking operations, ensuring compliance with banking regulations and organizational policies.
• Handle various banking products and services, including savings and current accounts, fixed deposits, and loans.

Customer Service:

• Serve as the main point of contact for customers in the branch.
• Resolve customer complaints, queries, and provide appropriate solutions.
• Promote bank products and services to customers and help with cross-selling.

Team Leadership:

• Lead a team of banking staff, ensuring high performance and adherence to operational standards.
• Coordinate staff training to improve their skills and knowledge in bank products, customer service, and compliance.

Risk Management:

• Identify and manage potential risks, including fraud detection and compliance issues.
• Ensure proper documentation and process management to reduce the risk of financial errors and fraud.

Loan & Credit Management:

• Evaluate and approve loans, credit facilities, and overdrafts, ensuring compliance with the bank’s policies and regulations.
• Manage the recovery of loans and outstanding debts.

Financial Reporting:

• Monitor and report on branch performance and financial metrics, including deposit growth, loan disbursements, and profitability.
• Ensure accurate and timely reporting to senior management.

Sales and Business Development:

• Actively work towards achieving the branch’s sales targets, driving revenue growth.
• Build and maintain relationships with key clients to expand business opportunities.

Compliance and Audit:

• Ensure that the branch complies with all banking regulations, anti-money laundering (AML) guidelines, and other relevant policies.
• Prepare for audits and regulatory inspections and address any issues raised.

Indian Overseas Bank LBO Promotion Policy 2025

Indian Overseas Bank has a clear promotion policy for Local Bank Officers (LBOs). After joining as an Assistant Manager (Scale I), you can be promoted to Manager (Scale II) after completing a few years of service and passing an internal exam. From there, you can move up to Senior Manager (Scale III), Chief Manager (Scale IV), and then Assistant General Manager (Scale V). Promotions are based on your performance, experience, and the number of available positions. The bank conducts promotion exams regularly, giving officers a fair chance to grow in their careers.