Indian Overseas Bank Recruitment 2025: Indian Overseas Bank (IOB), one of India’s leading public sector banks, has announced its much-awaited IOB Recruitment 2025 drive. The bank is inviting online applications for 400 Local Bank Officer (LBO) positions under Junior Management Grade Scale I (JMGS-I). This initiative is a golden opportunity for graduates aiming to build a successful and secure career in the Indian banking sector.If you’re passionate about finance, customer service, and want to contribute to local economic growth while enjoying a stable government job, this recruitment might be the ideal fit. The application window opens on May 12, 2025, and will remain active until May 31, 2025.
Indian Overseas Bank Recruitment 2025
The Indian Overseas Bank Recruitment 2025 for 400 LBO positions is an excellent opportunity for graduates aspiring for a stable and growth-oriented career in the banking sector. With attractive salary, long-term job security, and multiple growth avenues, it’s a wise move for young professionals. If you meet the eligibility criteria and are comfortable with the responsibilities of the role, apply well before the deadline. Make sure to begin your preparation early, especially focusing on local language skills and banking awareness, to stay ahead in the competition.
| Feature | Details |
|---|---|
| Organization | Indian Overseas Bank (IOB) |
| Position | Local Bank Officer (LBO) |
| Grade | Junior Management Grade Scale I (JMGS-I) |
| Total Vacancies | 400 |
| Application Period | May 12 – May 31, 2025 |
| Application Mode | Online via www.iob.in |
| Educational Qualification | Graduation in any discipline |
| Age Limit | 20 to 30 years (as of May 1, 2025) |
| Selection Process | Online Exam → Language Proficiency Test (LPT) → Interview |
| Starting Basic Pay | ₹48,480 |
| Pay Scale | ₹48,480 – ₹85,920 |
| Probation Period | 2 years |
| Service Bond | ₹2 lakhs for a minimum service of 3 years |
| Official Notification | Download PDF |
State-Wise Vacancy Distribution & Language Requirements
Indian Overseas Bank emphasizes local language proficiency, as LBOs are expected to work closely with local communities. Candidates applying for a specific state must be proficient in reading, writing, and speaking the respective regional language.
| State | Vacancies | Required Local Language |
|---|---|---|
| Tamil Nadu | 260 | Tamil |
| Maharashtra | 45 | Marathi |
| West Bengal | 34 | Bengali |
| Gujarat | 30 | Gujarati |
| Punjab | 21 | Punjabi |
| Odisha | 10 | Odia |
| Total | 400 |
Eligibility Criteria
Educational Qualification
Candidates must have a Bachelor’s degree in any discipline from a recognized university. The degree should be awarded by an institution recognized by the Government of India or its regulatory bodies like UGC/AICTE.
Age Limit (as of May 1, 2025)
- Minimum Age: 20 years
- Maximum Age: 30 years
Age Relaxation
| Category | Age Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC (Non-Creamy Layer) | 3 years |
| PwBD | 10 years |
| Ex-Servicemen | As per govt. norms |
Application Fee
| Category | Application Fee |
|---|---|
| General/OBC/EWS | ₹850 |
| SC/ST/PwBD | ₹175 |
Note: Fees must be paid online using debit/credit cards, net banking, or UPI. The fee is non-refundable under any circumstances.
Selection Process
The selection process consists of three stages:
- Online Examination – Objective-type test with multiple sections.
- Language Proficiency Test (LPT) – Ensures candidates can communicate in the regional language.
- Interview – Final round to evaluate personality, communication skills, and domain knowledge.
Online Exam Pattern
| Section | No. of Questions | Marks | Duration |
|---|---|---|---|
| Reasoning & Computer Aptitude | 30 | 60 | 60 minutes |
| General/Economy/Banking Awareness | 40 | 40 | 30 minutes |
| Data Analysis & Interpretation | 30 | 60 | 60 minutes |
| English Language | 40 | 40 | 30 minutes |
| Total | 140 | 200 | 180 minutes |
Negative Marking: 0.25 marks deducted for each wrong answer.
Salary, Benefits, and Career Growth
Basic Pay:
- ₹48,480 per month (revised as per 11th Bipartite Settlement)
Gross Monthly Salary:
- Including allowances like HRA, DA, and CCA: approximately ₹70,000–₹75,000
Other Benefits:
- Pension under NPS
- Medical Insurance
- Leave Travel Concession (LTC)
- House Rent Allowance
- Annual Leave + Casual Leave
- Performance-based promotions and internal exams for career advancement
Service Bond & Probation
- Selected candidates must sign a service bond of ₹2,00,000.
- Minimum 3 years of mandatory service required.
- Probation period of 2 years to assess performance.
Step-by-Step Guide to Apply Online for Indian Overseas Bank Recruitment 2025
- Visit the IOB Official Website.
- Go to the “Careers” section.
- Click on “Recruitment of Local Bank Officers 2025-26.”
- Register with a valid email and mobile number.
- Fill out the online form with personal, educational, and professional details.
- Upload scanned copies of:
- Passport-sized photograph
- Signature
- Left Thumb Impression
- Handwritten Declaration
- Pay the applicable fee.
- Preview and submit the application.
- Save/print a copy of the application form for future use.
Important Dates to Remember
| Event | Date |
|---|---|
| Notification Released | May 9, 2025 |
| Application Start Date | May 12, 2025 |
| Last Date to Apply | May 31, 2025 |
| Last Date for Fee Payment | May 31, 2025 |
| Last Date to Print Application | June 15, 2025 |
| Exam Date | To be notified |
Bihar ITICAT Application Last Date 17 May 2025 – Apply Now, Application Process
ATMA Registration 2025 last date is May 20, 2025; Apply Now
WB Polytechnic Application 2025 Available – Apply Now, Check Eligibility & Last Date
Frequently Asked Questions (FAQs)
Q1: Can I apply for more than one state?
No. Each candidate can apply for only one state. You must be proficient in the local language of the state you apply to.
Q2: Is banking experience necessary to apply for LBO?
No. This position is open to all graduates, including freshers.
Q3: Is there any negative marking in the exam?
Yes. 0.25 marks will be deducted for every incorrect answer in the online exam.
Q4: What is the weightage between written test and interview?
80% weightage is given to the online exam and 20% to the interview.
Q5: What happens if I leave before completing 3 years?
You will be liable to pay ₹2,00,000 as per the bond agreement.
Q6: Can final-year students apply?
No. Only those who have completed their graduation on or before the application deadline are eligible.
