Union Bank SO Salary 2025, Basic Pay of Assistant Manager

If you are planning to apply for the Union Bank Specialist Officer (SO) post in 2025, it is important to know about the salary details. The salary includes a good basic pay along with various allowances and benefits. In this article, we will explain the Union Bank SO Salary 2025 and also share the basic pay of an Assistant Manager to help you understand what you can expect after selection.

Union Bank SO Salary 2025

The post of Assistant Manager in Union Bank SO Recruitment 2025 is a respected position that comes with stable income and growth opportunities. The salary structure follows the guidelines set by the banking sector and includes components like basic pay, dearness allowance, house rent allowance, and other perks. With time and experience, the salary increases through regular increments and promotions.

Union Bank SO Salary Structure 2025

The basic pay for the post of Assistant Manager (Credit and IT) in Union Bank falls under the Junior Management Grade Scale I (JMGS-I) and follows the pay structure of ₹48480-2000/7-62480-2340/2-67160-2680/7-85920. This means the starting basic pay is ₹48,480. After every year for the first 7 years, there is an annual increment of ₹2000 which takes the pay to ₹62480. Then for the next 2 years, the increment is ₹2340 per year reaching ₹67160. After that, for the next 7 years, the increment becomes ₹2680 per year leading to a maximum basic pay of ₹85,920.

Union Bank SO Salary 2025 Perks and Allowances

Along with the basic pay, Union Bank Assistant Managers are entitled to various perks and allowances as per the bank’s rules and regulations. These include Special Allowance, Dearness Allowance, and other admissible allowances. In addition to this, officers are also eligible for facilities such as residential quarters or lease rent in place of quarters, Leave Fare Concession (LFC), reimbursement of medical and hospitalization expenses, and other benefits. These additional perks make the overall salary package more attractive and provide a comfortable lifestyle for the employees.

Union Bank SO Service Indemnity Bond

Candidates who get selected for the Assistant Manager post in Union Bank will have to sign a Service Indemnity Bond. This means they must agree to work in the bank for at least 3 years. If they leave the job before completing this period, they will have to pay ₹2,50,000 plus any applicable taxes to the bank. This rule is in place to make sure that candidates are serious about their commitment and do not leave the job too early.

Union Bank SO Probation Period

After getting selected, candidates will have to complete a probation period of 2 years from the date they join Union Bank. During this time, their performance and conduct will be closely observed. Only after successfully completing the probation period will they be confirmed as permanent employees of the bank.