Union Bank Wealth Officer Salary 2025, Check Pay Scale

Union Bank Wealth Officer Salary 2025, including basic pay, allowances, and career growth opportunities. This article helps students and banking aspirants understand the compensation structure, perks, and working conditions they can expect under the MMGS-II grade. With a competitive salary and exposure to wealth management, this role offers a promising career path in India’s public sector banking.

Union Bank Wealth Officer Salary 2025

Union Bank of India Wealth Officer Recruitment 2025 has been announced for 250 Specialist Officers under the MMGS-II grade, offering an excellent opportunity for banking professionals. The basic pay scale for this role is ₹64,820–2,340/1–67,160–2,680/10–93,960, with annual increments. Officers will also receive Dearness Allowance, Special Allowance, and other benefits as per bank rules. The approximate CTC for this role at the Mumbai centre is ₹21.00 lakhs per annum, subject to variation based on location and individual circumstances.

Union Bank Wealth Officer Salary Structure 2025

The Union Bank Wealth Officer Salary 2025 under the Middle Management Grade Scale-II (MMGS-II) offers a structured and rewarding pay progression, starting with a basic pay of ₹64,820 per month. After one year, the salary increases by ₹2,340 to ₹67,160, followed by annual increments of ₹2,680 for the next ten years, culminating in a maximum basic pay of ₹93,960. This well-defined scale ₹64,820–2,340/1–67,160–2,680/10–93,960 ensures consistent financial growth and long-term earning potential for officers appointed under the MMGS-II cadre.

Union Bank Wealth Officer Pay Scale

The Union Bank Wealth Officer Salary 2025 under the Middle Management Grade Scale-II (MMGS-II) offers a structured pay progression starting at ₹64,820. With fixed annual increments, the salary advances steadily over time, reaching a maximum of ₹93,960. This scale ensures long-term financial growth and career stability for officers in the Wealth Management role.

Union Bank Wealth Officer Salary Structure 2025: Perks and Allowances

Union Bank Wealth Officer Salary Structure 2025 offers a pay scale of ₹64,820–2,340/1–67,160–2,680/10–93,960 with perks such as DA, LFC, and lease rent. Approximate CTC at Mumbai centre is ₹21.00 Lakhs.

Union Bank Wealth Officer Promotion 2025

After joining as a Wealth Officer, candidates will be posted in departments that match their skills. Over time, based on performance and eligibility, they can get promoted through the following levels:

• MMGS-II: Entry-level for Wealth Officers
• MMGS-III: First promotion after gaining experience
• SMGS-IV: Mid-senior level with more responsibilities
• SMGS-V and beyond: Senior leadership roles in the bank

* Promotions depend on internal policies, experience, and performance reviews.

Union Bank Wealth Officer 2025: What Happens During Probation?

When you join as a Wealth Officer, you’ll go through a 2-year probation period. Think of it as a professional test drive. Here’s what it means:

• Performance Check: The bank will monitor how well you handle your responsibilities, meet targets, and contribute to customer satisfaction.
• Behaviour & Conduct: Your attitude, teamwork, and professionalism will be evaluated.
• Role Fit: The bank will assess whether you’re the right fit for the Wealth Officer role in the long run.
• Confirmation: If everything goes smoothly, you’ll be confirmed as a permanent employee after 2 years.

Union Bank Wealth Officer 2025: Service Indemnity Bond

If you’re selected as a Wealth Officer, you’ll need to sign a bond that says:

• You agree to work with Union Bank for at least 3 years.
• If you leave the job before 3 years, you’ll have to pay ₹2,50,000 plus taxes to the bank, as per government rules.