Local Bank Officers (LBO) – JMGS I

About this post

Indian Overseas Bank has issued an official recruitment notification for Local Bank Officers (LBO) – JMGS I.

Recruitment of Local Bank Officers in JMGS-I, with candidates applying for one state and selected candidates posted in the applied state.

Review the verified details below and read the linked official notification for the exact eligibility, dates and application instructions.

Qualification

A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India or any equivalent qualification recognized as such by the Central Government. The candidate…

Pay

Basic: 48480-2000/7-62480-2340/2-67160-2680/7-85920. DA, HRA, CCA etc., will be as per rules in force from time to time.

Nationality/Citizenship

A candidate must be either a Citizen of India; a subject of Nepal; a subject of Bhutan; a Tibetan refugee who came over to India before 1st January 1962 intending to settle permanently in India; or a person of Indian origin who migrated from the listed countries intending to settle permanently in India. Candidates in the latter specified categories require a Government of India certificate of eligibility issued before the notification date.

One-state restriction

Candidates must apply for the vacancy of one state only; a candidate applying for one state is not eligible to apply for another. Merit lists will be drawn state-wise and category-wise.

Initial posting restriction

Selected candidates will be posted within the selected state for the first 12 years of service or up to promotion to SMGS-IV Grade, whichever is earlier.

Local-language proficiency

Candidates must be proficient in reading, writing and speaking the desired local language. Shortlisted candidates who did not study it in 10th or 12th standard must take the Local Language Proficiency Test before Personal Interview, and failure to qualify ends further consideration.

Vacancy status

Some states include backlog vacancies. Vacancy numbers and reserved-vacancy numbers are provisional and may vary according to the Bank's actual requirements.

PwBD horizontal reservation

Reservation for Physically Challenged persons is horizontal, and selected candidates will be placed in the appropriate SC/ST/OBC/EWS/UR-GEN category to which they belong.

Probation

Selected candidates will be on probation for 2 years of active service from the date of joining the Bank.

Service bond

Selected candidates must execute a Financial Service Indemnity Bond for Rs.2,00,000/- for rendering service for a minimum period of 3 years.

Prior-service increments

One advance increment may be given for each completed year of prior officer service in Scheduled Commercial banks, up to two increments, where the existing job profile specifically matches the Bank's Scale-I Generalist officer profile and certified supporting material is submitted. Candidates working with subsidiaries of Scheduled Commercial Bank are eligible for only one increment; prior experience does not count for service seniority.

Medical and verification condition

Appointment is subject to medical fitness and satisfactory verification of character, antecedents and caste certificates wherever applicable, as well as the Bank's Service and Conduct Rules; until then, appointment is provisional.

Application mode

online only