This notice details the lateral recruitment of Local Bank Officers (LBOs) in Junior Management Grade Scale I (JMGS I) for Punjab & Sind Bank, a Government of India undertaking.
Below is everything you need to know about the job:
1. Key Dates
- Online Application Commencement: 31 March 2026.
- Last Date for Application and Fee Payment: 20 April 2026.
2. Vacancies and Locations
There are a total of 1,000 vacancies distributed across various states. You can only apply for one state. Mandatory local language proficiency is required for the chosen state (e.g., Hindi for Uttar Pradesh, Punjabi for Punjab, Gujarati for Gujarat).
3. Eligibility Criteria
- Age (as of 01.03.2026): Minimum 20 years and maximum 30 years. Age relaxations apply for reserved categories (e.g., 5 years for SC/ST, 3 years for OBC, 10 years for PwBD).
- Education: A Graduation degree in any discipline from a recognized university.
- Experience: A minimum of 18 months of experience as an officer in any Scheduled Commercial Bank or Regional Rural Bank (as of 20.04.2026).
- Credit History: You must maintain a healthy credit history with a minimum CIBIL score of 650 or above at the time of joining.
4. Selection Process
Selection involves a multi-stage process:
- Written Test: An online exam covering English Language (30 marks), Banking Knowledge (40 marks), General Awareness/Economy (30 marks), and Computer Aptitude (20 marks).
- Screening & Personal Interview: Candidates shortlisted from the written test will be called for an interview, usually conducted in New Delhi.
- Local Language Proficiency Test: This is mandatory before joining. If you have studied the local language in 10th or 12th grade, you may be exempt from this test.
- Final Weightage: The final merit list is based on the Written Test (70%) and Personal Interview (30%).
5. Salary and Service Conditions
- Pay Scale: Rs. 48,480 – Rs. 85,920. LBOs join at the initial scale plus three increments.
- Probation Period: 6 months.
- Service Bond: You must execute a bond to serve for at least 3 years. The bond amount is equivalent to 3 months’ gross salary.
- Career Path/Transfers: Selected officers will not be eligible for inter-state transfers or specific specialized postings until they are promoted to SMGS-IV or complete 12 years of service, whichever is earlier.
6. Application Fees
- SC/ST/PwD: Rs. 100 + applicable taxes.
- General/EWS/OBC: Rs. 850 + applicable taxes.
7. How to Apply
Applications must be submitted online only through the bank’s official website: https://punjabandsind.bank.in/. You will need to upload digital copies of your photograph, signature, left thumb impression, and a hand-written declaration