The Indian Overseas Bank (IOB), a leading public sector bank with a nationwide presence, has released its official notification for the recruitment of Local Bank Officers (LBO) under the 2025-26 hiring cycle. This is a fantastic opportunity for local banking professionals, especially retired bank officers, to contribute to community banking while enjoying a flexible and dignified role in a trusted institution.
IOB Local Bank Officer Recruitment 2025 – Overview
| Particulars | Details |
|---|---|
| Organization | Indian Overseas Bank (IOB) |
| Post Name | Local Bank Officer (LBO) |
| Advt. No. | HRDD/RECT/01/2025-26 |
| Vacancy Type | On Contract Basis |
| Total Vacancies | 400 (including SC: 60, ST: 30, OBC: 108, EWS: 40, UR: 162) |
| Location of Engagement | Tamil Nadu, Odisha, Maharashtra, Gujarat, West Bengal, Punjab |
| Eligibility | Retired Bank Officers (Scale II & above) with satisfactory service |
| Age Limit | Not above 65 years (as on 01.04.2025) |
| Monthly Compensation | Fixed consolidated amount based on grade at retirement |
| Tenure of Engagement | 1 Year (extendable based on performance) |
| Selection Process | Screening + Interview |
| Application Mode | Online |
| Official Website | www.iob.in |
State-wise IOB recruitment vacancy details
| S. No | State | Language Proficiency | Total | SC | ST | OBC | EWS | UR | VI | HI | OC | ID |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tamil Nadu | Tamil | 260 | 39 | 19 | 70 | 26 | 106 | 2 | 2 | 3 | 3 |
| 2 | Odisha | Odia | 10 | 1 | 1 | 3 | 1 | 4 | 0 | 1 | 0 | 0 |
| 3 | Maharashtra | Marathi | 45 | 7 | 3 | 12 | 5 | 18 | 0 | 0 | 1 | 1 |
| 4 | Gujarat | Gujarati | 30 | 5 | 2 | 8 | 3 | 12 | 0 | 1 | 0 | 0 |
| 5 | West Bengal | Bengali | 34 | 5 | 3 | 9 | 3 | 14 | 1 | 0 | 0 | 0 |
| 6 | Punjab | Punjabi | 21 | 3 | 2 | 6 | 2 | 8 | 1 | 0 | 0 | 0 |
| Total | 400 | 60 | 30 | 108 | 40 | 162 | 4 | 4 | 4 | 4 |
PwBD categories: VI – Visually Impaired, HI – Hearing Impaired, OC – Orthopedically Challenged, ID – Intellectual Disability.
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Who Can Apply –IOB recruitment 2025 Eligibility Criteria
To be eligible for the IOB Local Bank Officer (LBO) post, candidates must meet the following criteria:
1. Educational Qualification
- No specific degree requirement; however, candidates must have retired from Scale II or above from a Scheduled Commercial Bank.
2. Work Experience
- Should have worked in public sector or private banks at Scale II or above.
- Preference for officers who have served in local branches or regional offices.
- Must have demonstrated satisfactory service history without any major disciplinary issues.
3. Local Residency
- The applicant must be permanently residing in the area where he/she is applying.
- Must be well-versed in local language and local banking requirements.
4. Age Limit
- Maximum Age: 65 years as on 01.04.2025.
- Good health and physical condition to undertake field assignments.
Roles and Responsibilities of LBO
Local Bank Officers will be responsible for strengthening the bank’s presence in local areas and improving the performance of branches. Key duties include:
Customer Relationship Management
-
- Maintain contact with key customers, especially loan accounts.
- Assist in follow-up and recovery of overdue accounts.
Monitoring and Field Visits
-
- Visit borrower units, check end-use of funds.
- Support branch staff in verifying documents, collateral, and follow-ups.
Local Intelligence & Coordination
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- Identify fraudulent activities or early signs of stress in accounts.
- Act as a bridge between the local community and the bank.
Support in NPA Recovery
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- Work closely with the recovery team to reduce NPAs.
- Coordinate with legal teams and recovery agents if necessary.
LBOs are not authorized to make credit decisions but serve as field representatives of the bank.
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Tenure and Compensation
Tenure of Engagement
- Initial engagement is for 1 year.
- Renewable annually based on performance and discretion of the bank.
Compensation Structure
- Fixed monthly consolidated pay based on the last drawn salary and the retirement grade.
- No DA/HRA/other allowances applicable.
- Bank may provide reimbursement for official travel expenses.
| Grade at Retirement | Fixed Monthly Pay (Approx.) |
|---|---|
| Scale II | ₹35,000 – ₹40,000 |
| Scale III | ₹40,000 – ₹45,000 |
| Scale IV and above | ₹45,000 – ₹50,000+ |
Exact figures may vary slightly by location and internal HR policy.
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Selection Process
The selection process for IOB LBOs is streamlined and based on professional merit.
1. Screening
- Based on the application, past service record, and local area relevance.
- Shortlisted candidates will be called for the next step.
2. Interview
- Conducted by a committee comprising IOB senior officers.
- Assessment includes:
- Communication and coordination skills
- Knowledge of banking procedures
- Area-specific awareness
- Past performance
Final selection is subject to medical fitness and police verification.
How to Apply for IOB Local Bank Officer Recruitment 2025
Eligible and interested candidates can apply online only through the bank’s official website.
Step-by-Step Application Process:
- Visit: https://www.iob.in
- Click on Careers > Apply Online
- Register using your email ID and mobile number
- Fill out the online form with:
- Personal details
- Work experience
- Circle/branch preference
- Upload:
- Recent photograph and signature
- ID proof (Aadhaar/PAN)
- Service certificate/retirement proof
- Submit the application and download a PDF copy for your records
No hard copy submission is required.
IOB recruitment Important Dates
| Activity | Date |
|---|---|
| Payment of Application Fee/Intimation Charges | 12th May 2025 – 31st May 2025 |
| Opening Date of Online Registration | 12th May 2025 |
| Closing Date of Online Registration | 31st May 2025 |
| Interview Schedule | To be notified |
| Final Results Declaration | To be announced |
Keep checking the official website for any changes or updates.
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Conclusion
The IOB Local Bank Officer Recruitment 2025 is an excellent opportunity for experienced banking professionals looking to re-engage in meaningful work within their community. With a simplified recruitment process, fixed monthly pay, and flexible field assignments, the LBO role is both dignified and impactful.
If you are a retired officer with a passion for banking and local engagement, don’t miss out on this chance to contribute to IOB’s inclusive banking mission. Apply online and help strengthen grassroots-level banking across India.
Important Links
IOB Official Website – Careers
⊗ Candidates are advised to read the official notification carefully before applying online.
