Punjab and Sindh Bank Local Bank Officers (LBO) recruitment 2025 offers an attractive salary package and a rewarding career in the banking sector. The selected candidates will be appointed regularly in Junior Management Grade Scale I (JMGS I) and will enjoy a pay structure with additional benefits. This article offers a detailed observation of Punjab and Sindh Bank LBO pay 2025, pay scale, job profiles and other important details such as probation period, bond amount and service requirements.
Punjab and Sindh Bank LBO Salary 2025
Punjab and Sindh Bank LBO pays a pay scale of -48,480-85,920 with pay scale of -48,480-85,920 with pay scale. With the original salary, depending on the location of LBOS posting, dearness allowance (DA), House Rent Allowance (HRA), and City Comprehensive Allowance (CCA) are entitled to various allowances. Other benefits such as medical coverage, leave travel concession (LTC), and pension and gratuity increase the overall compensation package. This attractive pay structure, combined with job safety and development opportunities, makes Punjab and Sindh Bank LBO recruitment highly desirable for 2025 banking candidates.
Punjab and Sindh Bank LBO Salary Structure 2025
JMGS I have a highly competitive salary structure for Punjab and Sindh Bank LBO and includes various components such as basic salary, allowances and allowances. Here is a breakdown:
Pay Scale: ₹ 48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920.
starting salary: As per the Joint Note applied at the time of LBO recruitment, the salary scale will include JMGS I + 3 on the initial scale of salary for increment. Therefore, the initial basic salary after joining will be 56,480.
Growth for qualification: Candidates who have acquired the qualification of Jaiib (Junior Associate of Indian Institute of Bankers) or CAIIB (Certified Associate of Indian Institute of Bankers), they will have increased their growth, and adjusted when their salary scale is included at the time of joining the scale of their salary. Will go
Punjab and Sindh Bank LBO 2025 allowances and allowances
Dearness allowance (da): Revised quarterly based on the Consumer Price Index (CPI).
Home Fare Allowance (HRA): The posting (metro, urban, semi-urban, or villager) depends on the location.
Lime Housing: If applicable, it was provided in exchange for HRA.
City Affirmation Allowance (CCA): Payed according to the place of posting.
medical benefits: Extensive medical coverage for employees and their dependents.
Travel Concession (LTC): Reimbursement for travel expenses during holidays.
Terminal Benefits: Pension, gratuity and provident funds are included as per bank rules.
Punjab and Sindh Bank LBO job profile
As a local banking officer (LBO), the primary responsibilities include:
- Customer Service: Assisting banking transactions, account management and customers solving questions.
- business Development: Promote bank products and services to attract new customers and increase revenue.
- Debt processing: To evaluate loan applications, confirm documents, and ensure compliance with bank policies.
- Branch Operations: Management of day-to-day operation including cash handling, laser maintenance and audit compliance.
Punjab and Sindh Bank LBO probation period, bond amount and minimum service period
Selected candidates will need to fulfill the following terms and conditions:
1. Probation period: During this period, the performance of the candidates will be evaluated, and the confirmation will be subject to satisfactory performance.
Duration: 6 months.
2. Bond zodiac and duration: Equal to 3 months gross salary (early basic salary + DA + Special allowance + DA special allowance). Candidates who resign before completing the bond period will require to pay the bond amount.
Bond period: 3 years.
3. Minimum service period: Candidates are expected to serve the bank for a minimum period as per bond conditions.
Punjab and Sindh Bank LBO Career Development and Promotion
Punjab and Sindh Bank provide excellent opportunities for the development of career. LBOS high grades such as middle management grade scale II (MMGS II) and senior management grade scale III (SMGS III) can progress on the basis of performance, experience and qualification. Getting additional certificates such as Jaiib and Caiib can further enhance career prospects.
