Overseas Bank of India has issued 2025 notification for 750 vacancies, which gives candidates an opportunity to get banking experience. The Indian Overseas Bank Apprentice Salary is based on the 2025 branch category, with a stipend of up to 15,000 per month and 15,000. The stipend varies for metro, urban and semi-urban/rural branches, which contributes to the Government of India through DBT mode. However, trainees will not be considered employees and will not get additional benefits such as DA or HRA.
Indian Overseas Bank Apprentice Salary 2025
The Overseas Bank of India appoints the Apprentice Recruitment 2025 candidates an opportunity to get a valuable banking experience by receiving a certain stipend during its apprenticeship period. The apprenticeship program is for one year, and selected candidates will be paid a stipend based on their posting location. However, it is important to note that trainees will not be considered as bank employees and regular employees will not be entitled to benefits.
| Indian Overseas Bank Apprentice Salary 2025 | |
| Area | Per month (per month) |
| Metro | ₹ 15,000/- |
| urban | ₹ 12,000/- |
| Semi-urban/ Rural | ₹ 10,000/- |
Comment: This amount includes subsidy provided by the Government of India.
Overseas Bank of India Apprentice Sidend 2025 (Pay Scale)
The Overseas Bank of India Apprentice Skeepand 2025 has been structured on the basis of branch category where the trainee has been posted. For the trainees, the bank’s contribution is low, in which and 4,500 is credited directly by the Government of India through DBT mode. Wazifa is paid monthly after cutting any unauthorized holiday, but no additional allowances or benefits such as DA, HRA, or medical insurance are provided.
| Overseas Bank of India Apprentice Sidend 2025 (Pay Scale) | |||
| Area | Bank payment | Government share | Total stipend |
| Metro | ₹ 10,500/- | ₹ 4,500/- | ₹ 15,000/- |
| urban | ₹ 7,500/- | ₹ 4,500/- | ₹ 12,000/- |
| Semi-urban/ Rural | ₹ 5,500/- | ₹ 4,500/- | ₹ 10,000/- |
IOB Apprentice Allowance and Allowance
Candidates appointed as trainees in the Overseas Bank of India will only receive the above mentioned stipend. However, trainees will get an opportunity to get valuable banking experience by working in various operating sectors of the bank. They will not be eligible for additional allowances or allowances such as:
- Dearness Allowance (DA): not applicable
- Home Fare Allowance (HRA): not provided
- Medical benefits: not available
- Pension and Gratuity: No pension scheme covered under any pension scheme
- Travel Concession (LTC): not applicable
Indian Overseas Bank Apprentice Job Profile
A trainee at the Overseas Bank of India will mainly assist in day-to-day banking works and will gain hand experience in customer service, account handling and other necessary banking works. Trainees will be posted in metro, urban, semi-urban and rural branches, where they will work under experienced banking professionals. Some major responsibilities include:
- Customer Service Assistance: Helping customers with account-related questions, passbook updates and basic banking transactions.
- Data entry and documentation: Maintaining records of customer transactions and assisting in paperwork.
- Cash handling support: Learning about cash deposits, withdrawal and fund transfer.
- Loan and account processing: Helping loan documentation and processing and opening new accounts.
- Digital banking promotion: Guiding customers on digital banking services like mobile banking and net banking.
