Fri May 09 17:40:00 UTC 2025: ## Indian Overseas Bank Announces 400 Local Bank Officer Positions with ₹48,480 Starting Salary
**Chennai, India** – Indian Overseas Bank (IOB) has announced the recruitment of 400 Local Bank Officers (LBOs) for 2025, with a starting basic salary of ₹48,480 per month. The bank has officially released the IOB LBO Notification 2025 on its website, detailing the salary structure, allowances, and job responsibilities.
The attractive compensation package includes a structured pay scale with annual increments. For the first seven years, the annual increment is ₹2,000, followed by a ₹2,340 increment for the next two years, and finally, a ₹2,680 increment for the subsequent seven years. This leads to a maximum basic salary of ₹85,920. In addition to the basic pay, LBOs will receive various allowances and benefits as per bank norms, including house rent allowance, dearness allowance, and medical facilities.
The LBO role involves managing branch operations and contributing to business development. Responsibilities include sales and customer service, ensuring the smooth functioning of the branch, and contributing to the overall success of the bank.
Interested candidates are encouraged to review the official notification on the IOB website for complete details and application procedures. The significant salary and career prospects make this a highly competitive opportunity.
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