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

Indian Overseas Bank has officially released the IOB LBO Notification 2025 on its website, announcing 400 vacancies for the post of Local Bank Officer (LBO). Candidates interested in this opportunity are eager to understand the Indian Overseas Bank LBO Salary 2025. As stated in the official notification, the salary structure and job responsibilities for the LBO role are clearly outlined, and all applicants must review these details before proceeding with the application process.

Indian Overseas Bank LBO Salary 2025

The Indian Overseas Bank LBO Salary 2025 has been officially specified in the recruitment notification. Selected candidates for the post of Local Bank Officer (LBO) will receive a starting basic pay of ₹48,480/- per month, along with other admissible allowances and benefits as per bank norms. In addition to the basic pay, employees may also be entitled to perks such as house rent allowance, dearness allowance, medical facilities, and more, depending on their place of posting and service conditions.

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 Salary 2025 starts with a basic pay of ₹48,480. The structured pay scale includes annual increments of ₹2,000 for 7 years, ₹2,340 for the next 2 years, and ₹2,680 for the following 7 years, with the maximum basic pay reaching ₹85,920. Here is the detailed pay scale:

Indian Overseas Bank LBO Salary Structure

The Indian Overseas Bank LBO Salary Structure for 2025 follows a well-defined pay scale. The starting basic salary for the Local Bank Officer (LBO) is ₹48,480, with annual increments of ₹2,000 for the first 7 years. After 7 years, the basic salary increases to ₹62,480, with a further increment of ₹2,340 every 2 years. After reaching ₹67,160, the salary further increases by ₹2,680 every 7 years, with the final pay reaching ₹85,920. In addition to the basic pay, employees are eligible for various allowances and benefits, making the overall compensation package attractive.

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.