Indian Overseas Bank
Cut-off Date: 24 Aug 2026 — Candidates must be between 20 to 30 years (General category). Category-wise relaxation and exact DOB boundaries are shown below.
| Category | Min Age | Max Age | Relaxation | DOB Must Be Between |
|---|---|---|---|---|
| General (UR) | 20 yrs | 30 yrs | — | 25 Aug 1996 to 24 Aug 2006 |
| EWS | 20 yrs | 30 yrs | — | 25 Aug 1996 to 24 Aug 2006 |
| OBC (Non-Creamy Layer) | 20 yrs | 33 yrs | +3 yrs | 25 Aug 1993 to 24 Aug 2006 |
| SC (Scheduled Caste) | 20 yrs | 35 yrs | +5 yrs | 25 Aug 1991 to 24 Aug 2006 |
| ST (Scheduled Tribe) | 20 yrs | 35 yrs | +5 yrs | 25 Aug 1991 to 24 Aug 2006 |
| PwD (General) | 20 yrs | 40 yrs | +10 yrs | 25 Aug 1986 to 24 Aug 2006 |
Prescribed Age: 20–30 Years (As on 24 Aug 2026)
This post carries Pay Level 4 (Grade Pay ₹2,400) under the 7th Central Pay Commission with entry-level basic pay of ₹25,500/month. Below is the estimated monthly in-hand salary across all three city classifications (DA at 50% included).
| Component | X-City (Metro) | Y-City (Town) | Z-City (Rural) |
|---|---|---|---|
| Basic Pay | ₹25,500 | ₹25,500 | ₹25,500 |
| Dearness Allowance (50%) | ₹12,750 | ₹12,750 | ₹12,750 |
| HRA | ₹7,650 (30%) | ₹5,100 (20%) | ₹2,550 (10%) |
| Transport Allowance (+ DA) | ₹5,400 | ₹2,700 | ₹2,700 |
| Gross Monthly Pay | ₹51,300 | ₹46,050 | ₹43,500 |
| Total Deductions (NPS, CGHS, etc.) | −₹4,305 | −₹4,305 | −₹4,305 |
| ✨ Estimated In-Hand Salary | ₹46,995 | ₹41,745 | ₹39,195 |
Estimates based on 7th CPC Pay Matrix with current DA rate (50%). Actual salary may vary based on posting location, additional allowances, and individual deductions. Use the interactive calculator below for detailed city-wise breakdown.
Pay Level 4 (Grade Pay ₹2,400) • Starting Basic: ₹25,500/month
The Indian Overseas Bank has issued an official recruitment notification for Local Bank Officer, announcing a total of 250 vacancies located in All India. The online application window opens on 08 August 2026 and closes on 24 August 2026. To be eligible, applicants must hold Bachelor's Degree and be within the prescribed age limit of 20-30 years as of 2026-01-01, with category relaxation applicable as per government guidelines. Selected candidates will receive an approved pay scale of 25500-67700 INR per month (Tentative). The selection procedure comprises Written Examination. For complete guidelines, syllabus breakdown, and official notification PDF, refer to the verified information below on ApplySarkariJob.
| Application Start | 08 Aug 2026 |
|---|---|
| Last Date to Apply |
24 Aug 2026
|
| Post Name | Local Bank Officer |
|---|---|
| Total Vacancies | 250 |
| Qualification | Bachelor's Degree |
| Age Limit | 20-30 years as of 2026-01-01 |
| Salary | 25500-67700 INR per month (Tentative) |
| Application Fee | General/OBC: 850 INR; SC/ST: 175 INR |
| Selection Process | Written Examination |
Indian Overseas Bank has announced the recruitment for 250 Local Bank Officer positions. This is a permanent employment opportunity, and interested candidates are required to submit their applications through the official IOB online portal before the specified deadline.
| Post Name | Total Vacancies |
|---|---|
| Local Bank Officer | 250 |
Candidates must ensure they meet the following requirements before applying:
| Category | Fee |
|---|---|
| General/OBC | Rs. 850/- |
| SC/ST | Rs. 175/- |
Note: Payment must be made online via the official bank portal.
The recruitment process for the Local Bank Officer post comprises a written examination. Candidates are advised to regularly check the official website for updates regarding the exam pattern, syllabus, and admit card release dates.
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