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