Punjab & Sind Bank Lateral Recruitment of Local Bank Officer JMGS – I

Name of Post : Local Bank Officer (LBO) JMGS -I

SCALE OF PAY & OTHER FACILITIES : The candidates shall be appointed on regular basis and their emoluments are as below:-.

• a. Officer – JMGS I:- Scale of Pay is Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920.
• b. LBOs shall join at initial scale of pay for JMGS-I + 3 increments in scale of pay, as per Joint Note applicable at time of Recruitment process.
• c. Increments of acquiring qualifications i.e. JAIIB and CAIIB, if acquired, shall be protected and scale of pay adjusted accordingly at joining.
• DA, HRA /Leased Accommodation (if applicable, as per Scale and location in line with Bank’s prescribed norms), CCA will be paid as per rules in force from time to time and depending upon the place of posting. Medical, LTC, Terminal Benefits and other perquisites will be as per prevailing rules.

PROBATION PERIOD, BOND AMOUNT AND MINIMUM SERVICE PERIOD –

Bond Amount – Bond amount shall be equivalent to 3 months’ gross salary (initial basic+ DA as on date of resignation+ Special allowance+ DA on Special allowance)

Bond Period – 3 years

Probation Period – 6 months

Educational Qualifications : A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India or any equivalent qualification recognized as such by the Central Government. The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online.

Work Experience – 18 months or more in Officer cadre in any Public Sector Bank/ Regional Rural Bank

Age Limit: Min. 20 year and Max. 30 years (As on cut-off date 01.02.2025). A Candidate must have been born not earlier than 02.02.1995 and not later than 01.02.2005

Age Relaxation: The category-wise age relaxation is as mentioned below –

• SC/STc: 5 years
• OBC : 3 years
• PwBD : 10 years
• Persons affected by 1984 riots : 5 years
• Ex-Servicemen : 5 years

CAREER PATH –

The selected officers will be in general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers. The selected candidates will not be entitled for inter-state transfer/ Controlling Office Posting (ZO/HO)/ special branches (CBB, Currency Chest, ARB, RCC etc.) up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is earlier.

CREDIT HISTORY:

The candidate applying shall ensure that, they maintain a healthy Credit history and shall have a minimum CIBIL score of 650 or above at the time of joining. Cibil Report drawn from Bank (where candidate is holding their account) to be submitted at time of Document Verification.

SELECTION PROCEDURE –

• Written Test
• Screening
• Personal Interview
• Final Merit List
• Proficiency in Local Language
• Final Selection

Structure of Online Examination :

How to Apply;

Eligible candidate has to apply online through the Bank’s website (https://punjabandsindbank.co.in/) only. No other means/ mode of application are acceptable.

State-wise vacancies :

Application Fees/ Intimation Charges :

Important Dates :

• Commencement of date of on-line application – 07.02.2025
• Last Date of online application (including Edit/Modification of Application by candidates & Payment of Application Fees/ Intimation Charges (online)) – 28.02.2025