Union Bank of India SO Salary 2024, Know Pay Scale, Benefits

Union Bank of India SO Salary 2024

Union Bank of India SO Salary 2024: The Union Bank of India is conducting the recruitment for Specialist Officers. The post of specialist officer is for those who are specialised in their field with a certain level of industry experience. Correspondingly, the job offers great salary and perks the details of which are given in the following article.

Union Bank of India SO Salary – Overview

The Union Bank of India has invited applications for the post of Specialist Officer. A total of 606 vacancies are available. Candidates can find a brief overview of the recruitment in the table.

Headings	Details
Organization	Union Bank of India
Exam Name	Union Bank of India SO 2024
Post	Specialist Officer
Vacancy	606
Medium of Exam	Bilingual (Except English Language)
Selection Process	Online Exam & Interview
Application Mode	Online Only
Application Fee	General, OBC, EWS – Rs. 850SC/ST/PwBD – Rs. 175
Official Website	www.unionbankofindia.co.in

Union Bank of India SO Pay Scale 2024

The pay scale by posts is as follows:

Post	Pay Scale
Chief Manager	76010 – 2220/4 – 84890 – 2500/2 – 89890
Senior Manager	63840 – 1990/5 – 73790 – 2220/2 – 78230
Manager	48170 – 1740/1 – 49910 – 1990/10 – 69810
Assistant Manager	36000 – 1490/7 – 46430 – 1740/2 – 49910 – 1990/7 – 63840

Union Bank of India SO Basic Salary 2024

The basic pay by posts is as follows:

Post	Basic Pay
Chief Manager	Rs. 76,010/-
Senior Manager	Rs. 63,840/-
Manager	Rs. 48,170/-
Assistant Manager	Rs. 36,000/-

Union Bank of India SO Benefits 2024

The benefits that Specialist Officers in Union Bank of India get are as follows:

Benefit	Percentage of Basic Pay
House Rent Allowance	7%-9%(Location dependent)
Dearness Allowance	Rs 8605.88
Special Allowance	7.75%(Scale I)
City Compensatory Allowance	0-4%(depends on location)
Miscellaneous	Rs. 4100

Union Bank of India SO Salary – Probation Period

The selected candidates will be on Probation for 2 years of active service from the date of his / her joining the Bank.

Union Bank of India SO Salary 2024 – Service Indemnity Bond

The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years or to pay the Bank a sum of Rs.2,50,000.00 (Rs. Two Lakh Fifty Thousand Only) plus applicable taxes as per Government rules in case he/she leaves the Bank before completion of 3 years of active service.

Union Bank of India SO Salary – Career Path

Candidates selected in the above recruitment process will be recruited in Specialized Segment in the Bank as per the post applied for. Their Career Path in the subject category will be as per the Bank’s extant Promotion Policy after which they will be allowed to participate in promotion in the Bank to higher Grade / Scale along with other General Banking Officers in that Scale, if they are otherwise eligible and fulfill the prescribed norms as per the Bank’s Promotion Policy.

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