Punjab and Sind Bank LBO Salary 2025, Pay Scale and Job Profile

The Punjab and Sind Bank Local Bank Officer (LBO) recruitment 2025 offers an attractive salary package and a rewarding career in the banking sector. Selected candidates will be appointed on a regular basis in Junior Management Grade Scale I (JMGS I) and will enjoy a pay structure along with additional benefits. This article provides a detailed overview of the Punjab and Sind Bank LBO Salary 2025, pay scale, job profile and other important details such as the probation period, bond amount and service requirements.

Punjab and Sind Bank LBO Salary 2025

The Punjab and Sind Bank LBO Salary 2025 offers a lucrative package with a pay scale of ₹48,480-85,920, along with attractive allowances and perks. Along with the basic pay, LBOs are entitled to various allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), and City Compensatory Allowance (CCA), depending on the place of posting. Other benefits such as medical coverage, Leave Travel Concession (LTC), and terminal benefits like pension and gratuity further enhance the overall compensation package. This lucrative salary structure, combined with job security and growth opportunities, makes the Punjab and Sind Bank LBO Recruitment 2025 highly desirable for banking aspirants.

Punjab and Sind Bank LBO Salary Structure 2025

The salary structure for Punjab and Sind Bank LBOs in JMGS I is highly competitive and includes various components such as basic pay, allowances, and perks. Here’s a breakdown:

Pay Scale: ₹48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920.

Initial Pay: LBOs will join at the initial scale of pay for JMGS I + 3 increments in the scale of pay, as per the Joint Note applicable at the time of recruitment. So, the initial basic pay after joining shall be ₹56,480.

Increments for Qualifications: Candidates who have acquired JAIIB (Junior Associate of Indian Institute of Bankers) or CAIIB (Certified Associate of Indian Institute of Bankers) qualifications will have their increments protected, and their scale of pay will be adjusted accordingly at the time of joining.

Punjab and Sind Bank LBO 2025 Perks and Allowances

Dearness Allowance (DA): Revised quarterly based on the Consumer Price Index (CPI).

House Rent Allowance (HRA): Varies depending on the place of posting (metro, urban, semi-urban, or rural).

Leased Accommodation: Provided in lieu of HRA, if applicable.

City Compensatory Allowance (CCA): Paid as per the location of posting.

Medical Benefits: Comprehensive medical coverage for employees and their dependents.

Leave Travel Concession (LTC): Reimbursement for travel expenses during leave.

Terminal Benefits: Includes pension, gratuity, and provident fund as per bank rules.

Job Profile of Punjab and Sind Bank LBO

As a Local Banking Officer (LBO), the primary responsibilities include:

• Customer Service: Assisting customers with banking transactions, account management, and resolving queries.
• Business Development: Promoting bank products and services to attract new customers and increase revenue.
• Loan Processing: Evaluating loan applications, verifying documents, and ensuring compliance with bank policies.
• Branch Operations: Managing day-to-day operations, including cash handling, ledger maintenance, and audit compliance.

Punjab and Sind Bank LBO Probation Period, Bond Amount and Minimum Service Period

Selected candidates will be required to fulfil the following terms and conditions:

1. Probation Period: During this period, candidates’ performance will be evaluated, and confirmation will be subject to satisfactory performance.
Duration: 6 months.

2. Bond Amount and Period: Equivalent to 3 months’ gross salary (initial basic pay + DA + special allowance + DA on special allowance). Candidates who resign before completing the bond period will be required 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 the terms of the bond.

Punjab and Sind Bank LBO Career Growth and Promotions

Punjab and Sind Bank offer excellent opportunities for career growth. LBOs can progress to higher grades such as Middle Management Grade Scale II (MMGS II) and Senior Management Grade Scale III (SMGS III) based on performance, experience, and qualifications. Acquiring additional certifications like JAIIB and CAIIB can further enhance career prospects.