The Union Bank Assistant Manager Salary 2025 structure has been officially announced through the latest recruitment notification. Union Bank of India, a leading listed public sector bank with its central office in Mumbai and presence across India and overseas, offers competitive salary packages and career benefits to candidates appointed as specialist officers (SO) in roles such as assistant manager credit and IT. This article provides a detailed overview of the salary structure, allowances, in-hand salary, benefits, probation conditions, service bond, and career progression in the bank.
Union Bank Assistant Manager Salary 2025
The Union Bank of India has invited applications for the post of specialist officer. A total of 500 vacancies are available. Candidates can find a brief overview of the Union Bank Assistant Manager Salary in the table below.
| Headings | Details |
| Organization | Union Bank of India |
| Exam Name | Union Bank of India SO 2025 |
| Post | Specialist Officer |
| Vacancy | 500 |
| Scale/Grade | JMGS – I |
| Assistant Manager (Credit) Pay Scale | 48480-2000/7-62480-2340/2-67160-2680/7-85920 |
| Assistant Manager (IT) Pay Scale | 48480-2000/7-62480-2340/2-67160-2680/7-85920 |
| Perks | Included as per government rules |
| Deductions | Included as per government rules |
| Official Website | www.unionbankofindia.co.in |
Union Bank SO Pay Scale 2025 for Assistant Manager
The selected candidates will be recruited in the JMGS-I (Junior Management Grade Scale I), which offers a structured and progressive salary scale. The pay scale by posts is as follows:
| Grade | Basic Pay Scale | Posts Covered |
| JMGS – I | ₹48,480 – 2,000 (7 years) – ₹62,480 – 2,340 (2 years) – ₹67,160 – 2,680 (7 years) – ₹85,920 | Assistant Manager (Credit), Assistant Manager (IT) |
Union Bank Assistant Manager Salary Structure 2025
The Union Bank SO Assistant Manager Salary Structure includes the basic pay along with several perks and allowances. Along with this, there are several deductions also. Check the estimated Union Bank SO Salary Structure in the table below.
Estimated Salary Structure for Union Bank SO JMGS-I Assistant Manager
The figures are approximate and may vary depending on location and deductions.
| Salary Component | Estimated Amount (₹) |
| Basic Pay | ₹48,480 |
| DA | ₹19,000–₹20,000 |
| HRA/Lease Rent | ₹3,500–₹8,000 |
| Special Allowance | ₹3,500–₹4,000 |
| Other Perks | ₹1,000–₹2,000 |
| Gross Salary | ₹75,000–₹82,000 per month |
| Deductions | ₹8,000–₹10,000 |
| In-hand Salary | ₹67,000–₹74,000 per month |
Union Bank Assistant Manager Allowance and Perks
Apart from salary and allowances, the bank offers various additional perks and facilities to ensure the overall well-being and career stability of its officers.
| Benefit Type | Description |
| Residential Quarters/Lease Rent | Accommodation or rental reimbursement as per eligibility |
| LFC (Leave Fare Concession) | Travel expense reimbursement for self and dependents |
| Medical Reimbursement | Medical and hospitalization expenses covered for employees & dependents |
| Pension Scheme/NPS | Retirement benefits under the National Pension Scheme |
| Provident Fund & Gratuity | Long-term financial security post-retirement |
| Staff Loans | Concessional rates on home, vehicle, and personal loans |
Probation Period for Union Bank Assistant Manager
The selected candidates for the post of specialist officer will be placed under a probation period of 2 years from the date of joining the bank. During this time, their performance and conduct will be evaluated.
Service Indemnity Bond for Union Bank SO
Candidates appointed as specialist officers will be required to execute a service indemnity bond. This mandates that they must:
- Serve the bank for a minimum of 3 years.
- In case of resignation before completing 3 years, the candidate must pay ₹250,000 + applicable taxes to the bank.
This condition ensures that the bank retains trained personnel and discourages early exits.
Career Path in Union Bank of India for SOs
Specialist officers recruited in the 2025 cycle will join specific departments as per their specialization. Their career growth will follow the bank’s extant promotion policy. After gaining the required experience and fulfilling eligibility norms, they will be allowed to appear for internal promotions. The typical promotion hierarchy in public sector banks is as follows:
- JMGS-I → MMGS-II → MMGS-III → SMGS-IV → SMGS-V and above
Promotions are based on a combination of experience, performance, and departmental exams.
Union Bank SO Salary Queries
Ans: The basic pay under Union Bank SO Salary 2025 for Assistant Manager (Credit/IT) starts at ₹48,480 in JMGS-I, with increments leading up to ₹85,920.
The estimated in-hand salary under Union Bank SO Salary for Assistant Manager is between ₹67,000 and ₹74,000 per month after deductions, including allowances like DA, HRA, and special perks.
Union Bank SO Assistant Manager Salary includes several allowances such as Dearness Allowance, House Rent Allowance, Special Allowance, medical reimbursement, and travel concessions.
Yes, candidates selected under Union Bank SO Salary 2025 will undergo a 2-year probation period, during which their performance will be closely monitored by the bank.
Yes, selected candidates must sign a 3-year service bond under Union Bank SO Salary 2025. If they resign early, a payment of ₹250,000 plus applicable taxes is required.
- Union Bank Assistant Manager Eligibility 2025, Age, Qualification
- Union Bank Assistant Manager Syllabus 2025 and Exam Pattern
- Union Bank Assistant Manager Salary 2025, In Hand Pay Scale, Perks
- Union Bank SO Cut Off 2025, Assistant Manager Cut Off Marks
- Union Bank Assistant Manager Recruitment 2025 Notification Out
- Union Bank Assistant Manager Apply Online 2025, Form Link Out
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