Punjab and Sind Bank LBO Salary 2025, Job Profile, Salary Structure

The Punjab and Sind Bank LBO Salary 2025 has been officially announced along with the Punjab and Sind Bank LBO Recruitment 2025 notification. Through this recruitment drive, the bank is offering 750 Local Bank Officer (LBO) vacancies in JMGS-I, providing a golden opportunity for graduates who are looking for a secure and rewarding banking career. Selected candidates will receive an attractive salary package in the pay scale of Rs 48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920. Scroll down for complete details on salary.

Punjab and Sind Bank LBO Salary 2025

Selected candidates for the LBO posts will enjoy a salary structure that includes several allowances and perks. These benefits cover Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance, and additional perks under the bank’s policies.

Along with job security and growth opportunities, the LBO salary structure makes the position highly desirable, ensuring both financial stability and career advancement in the banking sector. This article covers every detail to help candidates clearly understand the salary structure and career prospects associated with the role.

Punjab and Sind Bank LBO Salary Structure

The Punjab and Sind Bank LBO Salary Structure 2025 is highly attractive, making it one of the most sought-after opportunities in the banking sector.

Candidates appointed as Lead Banking Officers (LBOs) in JMGS-I receive a competitive pay package along with allowances, perks, and career growth opportunities. Below is the detailed salary breakdown:

1. Punjab and Sind Bank LBO Pay Scale 2025: Rs 48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920.
2. Punjab and Sind Bank LBO Initial Salary: Selected candidates will join at the initial pay of JMGS-I + 3 increments, as per the applicable Joint Note. Thus, the starting basic pay will be ₹56,480.
3. Qualification-Based Increments (JAIIB/CAIIB): Candidates who hold JAIIB (Junior Associate of Indian Institute of Bankers) or CAIIB (Certified Associate of the Indian Institute of Bankers) qualifications are entitled to protected increments. Their Punjab and Sind Bank LBO Salary will be revised accordingly at the time of joining.

Along with the basic salary, LBOs also receive Dearness Allowance (DA), House Rent Allowance (HRA), Medical Benefits, and other perks, making the Punjab and Sind Bank LBO in-hand salary 2025 highly rewarding.

Punjab and Sind Bank LBO Perks and Allowance

In addition to the competitive Punjab and Sind Bank LBO Salary 2025, candidates appointed as Local Bank Officers (LBOs) will also receive several allowances and benefits that enhance their overall pay package.

These perks not only provide financial stability but also ensure employee well-being and career growth. The key allowances and benefits for Punjab and Sind Bank LBOs include:

• Dearness Allowance (DA)
• House Rent Allowance (HRA)
• Gratuity Benefits
• Group Personal Accident Insurance
• Performance-Linked Incentives (PLI)
• National Pension System (NPS)
• Comprehensive Medical Facilities
• Employee Pension Scheme (EPS)
• Travel Allowance (TA)
• Leased Accommodation

Punjab and Sind Bank LBO Job Profile

The role of a Lead Banking Officer (LBO) in Punjab and Sind Bank is a mix of operational responsibilities and customer-focused services. LBOs play an important role in ensuring smooth branch functioning while also contributing to business growth.

• Managing Branch Operations: The main responsibility of an LBO is to look after the day-to-day functioning of the bank branch. This includes supervising cash handling, account maintenance, and ensuring that all branch activities comply with the bank’s policies and guidelines.
• Providing Customer Support: LBOs are expected to deliver excellent service to customers, whether individuals or businesses. They handle queries, process transactions, and manage account-related services smoothly.
• Promoting Financial Products: Another important duty is to market and sell the bank’s financial offerings, such as fixed deposits, mutual funds, and other investment options.
• Driving Sales Growth: LBOs also focus on increasing the bank’s business by promoting services, conducting sales campaigns, and meeting assigned sales targets.

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

Candidates selected for the Local Bank Officer (LBO) posts will need to comply with the following conditions:

• Probation Period: Newly appointed candidates will undergo a 6-month probation. Their performance will be assessed during this time, and only those who meet the required standards will be confirmed in service.
• Bond Agreement: A service bond equivalent to three months’ gross salary (basic pay + DA + special allowance + DA on special allowance) must be signed. If a candidate leaves the job before the completion of the bond term, they will have to repay this bond amount.
  ∗ Bond Tenure: 3 years.
• Mandatory Service Period: As per the bond conditions, candidates are expected to work with the bank for a minimum of three years to ensure stability and continuity.

Punjab and Sind Bank LBO Career Growth and Promotions

Working as an LBO in the Punjab and Sind Bank gives you good chances to grow in your career. Based on your performance and experience, you can get promoted to higher posts like MMGS II and SMGS III. If you complete extra banking exams like JAIIB and CAIIB, your chances of getting promotions and better opportunities become even higher.