Indian Bank Local Bank Officers Recruitment 2024: Apply Online For 300 LBO Vacancies.

Indian Bank has announced its recruitment process for the year 2024, targeting to fill 300 vacancies for Local Bank Officers (LBO). This is a great opportunity for candidates aspiring to build a career in the banking sector. The online registration process will begin soon, and all eligible candidates are encouraged to apply.

Indian Bank Local Bank Officers Recruitment 2024: Activity Dates

On-line Registration & Payment of Application Fees

Start Date: 13 August 2024
End Date: 02 September 2024

Candidates are advised to complete their registration and payment within this period and ensure any modifications to their application are made before the deadline.

Application Fees / Intimation Charges (Non-Refundable)

SC/ST/PWBD Candidates: ₹175 (inclusive of GST) – Only intimation charges.
All Other Candidates: ₹1,000 (inclusive of GST).

Indian Bank Local Bank Officers Recruitment 2024: Eligibility Criteria

Nationality / Citizenship

Candidates must be:

Citizens of India, or
Subjects of Nepal or Bhutan, or
Tibetan Refugees who came to India before January 1, 1962, or
Persons of Indian Origin from specific countries with a certificate of eligibility.

Age and Qualification

Age Limit: 20 to 30 years as of July 1, 2024
Educational Qualification: Graduation in any discipline from a recognized university with a valid mark-sheet or degree certificate.

Ensure you meet these criteria before applying for the position of Local Bank Officer (Scale-I) at Indian Bank

Indian Bank Local Bank Officers Recruitment 2024: Vacancy Details

Indian Bank, a prominent Public Sector Bank headquartered in Chennai, invites applications for the position of Local Bank Officers. Selected candidates will be posted in the state they apply for. Here are the details:

State	Language Proficiency Desired	Total Vacancies	SC	ST	OBC	EWS	GEN	HI	OC	VI	ID
Tamil Nadu / Puducherry	Tamil	160	24	12	43	16	65	2	2	1	1
Karnataka	Kannada	35	5	2	9	3	16	0	0	1	0
Andhra Pradesh & Telangana	Telugu	50	7	3	13	5	22	1	1	0	0
Maharashtra	Marathi	40	6	3	10	4	17	0	0	0	2
Gujarat	Gujarati	15	2	1	4	1	7	0	0	1	0

Total Vacancies: 300

Abbreviations:

SC: Scheduled Castes
ST: Scheduled Tribes
OBC: Other Backward Classes
EWS: Economically Weaker Section
GEN: General
PWBD: Persons with Benchmark Disabilities
- HI: Hearing Impaired
- OC: Orthopedically Challenged
- VI: Visually Impaired
- ID: Intellectual Disability

Pay Scale and Emoluments

Pay Scale for Scale-I

Basic Pay: ₹48,480
Increment (Annual): ₹2,000/7
Increment (Annual): ₹2,340/2
Increment (Annual): ₹2,680/7
Total Pay (Max): ₹85,920

Additional Benefits

Employees will be entitled to various benefits as per the bank’s rules and industry-level settlements, including:

Dearness Allowance (DA)
City Compensatory Allowance (CCA)
House Rent Allowance (HRA) or Leased Accommodation
Leave Fare Concession (LFC)
Medical Aid and Hospitalization Benefits
Retirement Benefits
Other Perquisites

These allowances and benefits will be provided in accordance with the bank’s policies and applicable agreements at the time.

Indian Bank Local Bank Officers Recruitment 2024: Selection Procedure

Selection Modes

Shortlisting of Applications Followed by Interview, or
Written/Online Test Followed by Interview

Test/Exam Structure

Subject	No. of Questions	Max Marks	Medium	Time
Reasoning & Computer Aptitude	45	60	English & Hindi	60 mins
General/Economy/Banking Awareness	40	40	English & Hindi	35 mins
English Language	35	40	English	40 mins
Data Analysis & Interpretation	35	60	English & Hindi	45 mins
Total	155	200		3 hours

Penalty for Wrong Answers: 1/4th of the marks allotted per incorrect answer. No penalty for unattended questions.

Cut Off Scores

Interview Call Ratio:
- 3 times the number of vacancies for unreserved category
- 5 times the number of vacancies for reserved categories
Minimum Qualifying Marks:
- 40% for Unreserved/EWS
- 35% for SC/ST/OBC/PWBD

Weightage:

Test & Interview: 80:20
Interview Only: 100%

Merit Order

In case of ties, the candidate older in age is preferred.

Indian Bank Local Bank Officers Recruitment 2024: Probation and Financial Bond

Probation Period

Duration: 2 years from the date of joining.
Confirmation: Subject to the provisions of the Indian Bank Officers Service Regulations, 1979.

Financial Cum Surety Bond

Service Commitment: Candidates must serve the Bank for a minimum of 2 years.
Notice Period: 3 months’ written notice required for resignation or discontinuation.
Bond Amount: ₹2 lakhs.
Penalties for Early Exit:
- Reimburse the bond amount.
- Pay for unserved notice period.
- Cover training costs and other expenses incurred by the Bank.

Candidates must comply with these terms to avoid financial liabilities

How to Apply for Local Bank Officer Positions at Indian Bank

Visit the Official Website: Go to Indian Bank’s Careers Page and select “Recruitment of Local Bank Officers – 2024.”
Register Online: Click “Click here for New Registration” to enter your details and receive a Provisional Registration Number and Password via email and SMS.
Complete the Application: Save your progress using “SAVE AND NEXT,” review your information, and ensure correctness before final submission.
Upload Documents: Follow the guidelines to upload your photo and signature.
Preview and Submit: Use the “Preview” tab to check your application. Click “COMPLETE REGISTRATION” only when you are sure all details are correct.
Make Payment: Pay the application fee online using Debit/Credit cards or Internet Banking. Ensure you receive an e-Receipt as proof of payment.
Print and Retain: Print the application form and e-Receipt for your records. Do not send these to the bank.

For detailed instructions and guidelines, visit Indian Bank’s Careers Page.