PNB LBO Salary 2026 In Hand Pay, Job Profile and Allowance

Punjab National Bank (PNB) offers an attractive salary package to candidates appointed as Local Bank Officers (LBO). The PNB LBO Salary 2026 includes a stable in-hand salary, perks and allowances, and a solid career growth with promotions. In this article, we will provide the complete details on the PNB LBO salary, including the salary structure, pay scale, job role, and more.

PNB LBO Salary 2026

The starting basic pay for a PNB LBO is ₹48,480 per month. This is just the base amount; the actual in-hand salary is higher due to allowances and benefits. The pay scale is structured to ensure steady growth, with periodic increments and a maximum pay of ₹85,920 per month after several years of service.

PNB Local Bank Officer Salary Pay Scale

Candidates selected for the post of PNB Local Bank Officer are appointed under the Junior Management Grade Scale I (JMGS-I). The pay scale is as follows: Basic pay of ₹48,480/month at entry, with structured increments through a pay scale of 48480-2000/7-62480-2340/2-67160-2680/7-85920. Since allowances apply on top of basic pay, your gross and in-hand salary will be higher, depending on posting (city vs rural), HRA/leased accommodation, CCA, etc.

Punjab National Bank LBO Salary Structure

The PNB LBO Salary 2026 follows the Junior Management Grade Scale-I (JMGS-I) pay band, which determines how officers’ pay progresses through increments over time. At entry, an LBO receives a basic pay of ₹48,480 per month, which increases annually as per the pay scale:

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

The salary progresses with periodic increments as follows:

• For the first phase, the basic pay increases by ₹2,000 every 7 months, continuing for 7 increments.
• After these initial increments, the pay reaches ₹62,480.
• Next, there are two increments of ₹2,340 each, bringing the pay to ₹67,160.
• Following this, the pay increases by ₹2,680 every 7 months for the next 7 increments.
• The maximum basic pay under this scale is ₹85,920 per month.

Punjab National Bank Local Bank Officer Allowances

In addition to the PNB LBO Salary 2026 basic pay, PNB LBOs receive several allowances. These allowances are revised periodically as per government and bank policies.

• Dearness Allowance (DA): To offset inflation
• House Rent Allowance (HRA): For accommodation
• City Compensatory Allowance (CCA): For posting in metro cities
• Medical Allowance: For health-related expenses
• Performance-linked Incentives: Based on performance
• Leave Travel Concession (LTC): For travel during leave
• Retirement Benefits: Provident fund, pension, gratuity

Check: PNB LBO Syllabus 2026

Punjab National Bank LBO Job Profile

The role of a PNB Local Bank officer is dynamic and offers a chance to work in various banking functions, making it a rewarding career choice. The job profile of a PNB LBO includes:

• Customer Service: Handling customer queries and transactions
• Loan Processing: Assisting in loan applications and documentation
• Account Management: Managing savings and current accounts
• Compliance: Ensuring adherence to banking regulations
• Promotions: Opportunities for career growth within the bank