Punjab & Sind Bank (PSB), a leading Public Sector Bank, has released an official notification for the lateral recruitment of Local Bank Officers (LBO) in Junior Management Grade Scale-I (JMGS-I). This recruitment drive aims to fill 1,000 vacancies across various states in India. Eligible candidates with banking experience can apply online through the official website from March 31, 2026, to April 20, 2026.
Below are the complete details regarding eligibility, vacancy distribution, salary, and the application process.
PSB LBO Recruitment 2026: Important Dates
| Event | Date |
| Notification Release Date | March 31, 2026 |
| Online Application Start Date | March 31, 2026 |
| Last Date to Apply Online | April 20, 2026 |
| Last Date for Printing Application | May 5, 2026 |
| Online Examination Date | To be Announced |
Eligibility Criteria
Educational Qualification (as of 20.04.2026)
- Graduation in any discipline from a university recognized by the Government of India.
- Candidates must possess a valid Mark-sheet/Degree Certificate at the time of registration.
Age Limit (as of 01.03.2026)
- Minimum Age: 20 Years
- Maximum Age: 30 Years
- (Relaxation in upper age limit is applicable for SC/ST/OBC/PwBD as per Govt. norms).
Salary and Benefits
Selected candidates will be placed in the JMGS-I Pay Scale:
- Pay Scale: ₹48,480 – ₹85,920.
- Joining Perks: Initial basic pay plus 3 additional increments.
- Probation: 6 Months.
- Service Bond: 3 Years (Bond amount equivalent to 3 months’ gross salary).
Selection Process
The selection will be based on the following stages:
- Online Written Test: 120 Questions (Banking Knowledge, English, GA/Economy, Computer Aptitude).
- Shortlisting/Screening.
- Personal Interview.
- Local Language Test: (Exempted if the candidate studied the local language in 10th/12th standard).
How to Apply for Punjab & Sind Bank LBO Recruitment 2026
- Visit the official website: punjabandsindbank.co.in.
- Go to the “Recruitment” section on the homepage.
- Click on the link “Lateral Recruitment of Local Bank Officers in JMGS-I 2026-27”.
- Select “Click here for New Registration” and enter your basic details.
- Upload the required documents (Photo, Signature, Left Thumb Impression, and Hand-written Declaration).
- Pay the application fee online and submit the form.
- Download and print the application for future reference.
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