Punjab and Sind Bank is going to conduct the Punjab and Sind Bank Examination to recruit eligible candidates for of Local Bank Officers in JMGS I posts. This is a good opportunity for graduate candidates seeking a rewarding career with job security and long-term benefits in the banking sector. Candidates appointed for Officer JMGS I posts will be offered a salary in the pay scale Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920. Check details regarding the Punjab and Sind Bank LBO Salary from here.
Punjab and Sind Bank LBO Salary 2025
Punjab and Sind Bank LBO Recruitment 2025 Notification has been released on 20th August 2025 for 750 Local Bank Officers posts. Punjab and Sind Bank LBO Salary Structure includes the various allowances like DA, HRA, and transport as per bank norms. For candidates preparing for the Punjab and Sind Bank LBO Exam, understanding the salary structure and job profile is important, which is provided in the article
Punjab and Sind Bank LBO Salary Structure 2025
The selected candidates for LBO posts will not be entitled to inter-state transfer/ Controlling Office Posting (ZO/HO)/ special branches (CBB, Currency Chest, ARB, RCC, etc.) up to their promotion to SMGS-IV Grade OR 12 years of service, whichever is earlier.
- The Pay Scale for Officer – JMGS I posts is Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920
- LBOs will commence at the starting pay scale for JMGS-I + 3 increments in the pay scale, according to the Joint Note relevant at the time of the Recruitment process
- Increments for obtaining qualifications such as JAIIB and CAIIB, if achieved, will be safeguarded, and the pay scale will be adjusted accordingly upon joining
Punjab and Sind Bank LBO Allowance and Perks
Along with the monthly salary, every candidate selected for the LBO post will receive the following perks and allowances as part of their salary package:
- Dearness Allowances
- House Rent Allowances
- Medical Facilities
- Employees Pension Scheme
- Travelling Allowances
- Gratuity
- Group Personal Accident Insurance
- Performance Linked Incentive
- National Pension System
- Leased Accommodation
Punjab and Sind Bank LBO Probation Period
Selected candidates for the Local Bank Officers in JMGS-I posts will be required to undergo a probation period of six months. During this period, their performance will be assessed, and confirmation will be subject to satisfactory performance.
Punjab and Sind Bank LBO Bond of Service
For JMGS-I Local Bank Officers, post the Bond Period of 3 Years.
- The bond amount will be equivalent to three months’ gross salary (comprising initial basic pay, Dearness Allowance as on the date of resignation, Special Allowance, and Dearness Allowance on Special Allowance).
- The service bond must be submitted at the time of joining.
- Candidates will also be required to provide one surety of the same amount, acceptable to the Bank, in the specified proforma before joining.
- If the candidate’s resignation from the post, before completion of the stipulated service period, the candidate will be liable to pay the bond amount to the Bank.
Punjab and Sind Bank LBO Job Profile
- The primary duty of LBO posts is managing the daily operations of the bank branch. LBOs oversee the efficient functioning of branch activities such as cash transactions, account maintenance, and ensuring compliance with internal policies.
- LBOs have to provide excellent customer service to both individuals and businesses. This includes managing customer inquiries, processing transactions, and handling account-related services efficiently.
- LBOs are tasked with promoting and selling various investment products offered by the bank, including mutual funds, fixed deposits, and other investment schemes.
- LBOs are also responsible for promoting the bank’s products and services, conducting sales activities, and achieving sales targets.
