Union Bank SO Salary 2025: Union Bank of India has announced 500 vacancies for the Specialist Officer post. It is a remarkable opportunity for those looking to build a career in the banking sector. Selected candidates will receive the basic pay of Rs 48480 plus other applicable allowances after joining the post. Moreover, their salary will increase over the years based on their job tenure and experience. They should also review the job profile well in advance to understand the expected responsibilities, assess their suitability, and determine whether it aligns with their career goals. Read further for detailed Union Bank SO salary structure, monthly salary, allowances, probation period, career growth, etc.
Union Bank SO Salary 2025 Structure for Credit and IT Officer
The UBI Specialist Officers salary structure is based on the rules and regulations prescribed by the bank. The basic pay scale for these posts follows the JMGS I Grade, ranging from Rs 48480 to Rs 85920, depending on the years of service. The monthly remuneration package includes basic pay, allowances, deductions, etc. Here is the breakdown of the Union Bank SO salary structure tabulated below for the candidate’s reference.
| Particular | Details |
| Pay Scale | Rs 48480-2000/7-62480-2340/2- 67160-2680/7-85920 |
| Grade Scale | JMGS- I |
| Basic Pay | Rs 48480 |
| Allowances | DA, Special Allowances, etc. |
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Union Bank SO Salary In Hand
The monthly salary for Assistant Manager (Credit and IT) posts in Union Bank falls under the pay scale of Rs 48480-2000/7-62480-2340/2- 67160-2680/7-85920. It implies that the initial basic pay will be Rs 48480. For the initial 7 years, the increment is Rs 2,000 per year, reaching up to Rs 62480. This is followed by 2 years with an annual increment of Rs 2,340, bringing the basic pay to Rs 67,160. Finally, for the next 7 years, the annual increment will be Rs 2,680, ultimately reaching a maximum basic pay of Rs 85920.
UBI SO Salary 2025: Perks & Allowances
Selected candidates will be eligible for various perks, allowances, and amenities based on the bank’s guidelines and policy. These allowances will increase the overall compensation package and improve their standard of living. The list of perks and allowances included in the Union Bank SO salary is as follows:
- Special Allowance
- Dearness Allowance
- Residential quarters/lease rent in lieu of quarters
- LFC
- Reimbursement of Medical/Hospitalisation expenses
- Other Allowances
Union Bank Specialist Officers Probation Period
Candidates appointed as specialist officers in the Union Bank will undergo a probation period of 2 years of active service from the date of joining. During the probationary period, their professional behaviour and work performance will be evaluated.
Union Bank SO Service Indemnity Bond
The selected candidates will be required to sign a service indemnity bond. It implies they will serve the bank for a minimum of 3 years. If they leave the bank before the completion of this period, they will have to pay Rs. 2,50,000 plus applicable taxes (if any) as per Government rules.
Union Bank Specialist Officers Job Profile
An Assistant Manager (Credit and IT) in Union Bank is responsible for carrying out a wide range of roles and responsibilities applicable to their post. Some of the duties involved in the Union Bank SO job profile are as follows:
- To focus on the assessment and processing of credit proposals
- To handle loan portfolios and monitor credit risks.
- To provides assistance for technical operations.
- To ensure the smooth functioning of systems and technology.
- To perform all the tasks allocated by the seniors.
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