UCO Bank SO Salary 2026, In-Hand Salary, Perks & Allowances

The UCO Bank Specialist Officer (SO) post is a highly sought-after opportunity for banking aspirants across India. Candidates planning to apply for the recruitment must have a clear understanding of the UCO Bank SO Salary 2026. The role offers an attractive pay package along with various allowances, a balanced work–life environment, and promising career growth opportunities. In this article, we have explained the complete UCO Bank SO Salary Structure 2026, including pay scale, benefits, and allowances in detail.

UCO Bank SO Salary 2026

The UCO Bank SO Salary 2026 is structured as per the 7th Pay Commission, with appointments ranging from Junior Management Grade Scale–I (JMGS-I) to Middle Management Grade Scale–II (MMGS-II), depending on the post. Candidates can check the complete salary structure for various Specialist Officer roles, including Economist, Fire Safety Officer, Security Officer, Risk Officer, IT Officer, and Chartered Accountant, in this article.

UCO Bank SO Salary Structure 2026

The UCO Bank Specialist Officer Salary Structure 2026 is designed to be highly rewarding, combining a competitive basic pay with a range of additional benefits. Selected candidates will be entitled to various allowances and perks, including Dearness Allowance (D.A.), House Rent Allowance (H.R.A.) or lease accommodation, City Compensatory Allowance (C.C.A.), medical benefits, and other benefits as per the bank’s prevailing rules and regulations. This comprehensive salary structure ensures both financial stability and attractive career growth for banking professionals.

UCO Bank SO Salary 2026 Post-wise

The UCO Bank SO Salary 2026 begins with a basic pay of ₹48,480 and extends up to ₹64,820, depending on the post and grade. Candidates can refer to the table below to check the post-wise basic pay details.

UCO Bank SO Salary Increments 2026

The UCO Bank SO Salary Increments 2026 follow a structured pay scale that ensures steady annual growth throughout the service period. The salary increases at fixed intervals, allowing candidates to clearly understand their long-term earning potential in both Junior and Middle Management grades.

JMGS-I Salary Progression (Junior Management Grade Scale I)

Candidates appointed under JMGS-I start with a basic pay of ₹48,480. The salary increases annually as per the prescribed increment structure and gradually rises to the maximum pay of ₹85,920 over the years, ensuring stable financial growth.

MMGS-II Salary Progression (Middle Management Grade Scale II)

For MMGS-II officers, the starting basic pay is ₹64,820. With regular annual increments, the salary progresses smoothly and can reach a maximum of ₹93,960, reflecting the higher responsibilities associated with this grade.

UCO Bank SO Allowances And Benefits

Selected candidates for UCO Bank Specialist Officer (SO) posts receive multiple allowances and benefits in addition to the basic pay, as per bank rules. These allowances and benefits together increase the gross salary and provide financial security and job stability to UCO Bank SOs.

• Dearness Allowance (DA): ₹5,500 – ₹5,800
• House Rent Allowance (HRA): ₹3,500 – ₹4,000
• Travel / Tour Allowance
• Medical Allowance
• Furniture Allowance
• Other Allowances: ₹2,500 – ₹3,000
• Provident Fund (PF)
• Gratuity
• Loan Facility at concessional interest rates

UCO Bank SO Probation Period 2026

The UCO Bank SO Probation Period 2026 is compulsory for all selected candidates and starts from the date they join the bank. Candidates appointed in JMGS-I will be on probation for 2 years, while those in MMGS-II will have a 1-year probation period. All selected officers must also sign a service bond of ₹2 lakh and work with the bank for at least 2 years, regardless of their grade. If a candidate leaves the bank before completing 2 years of service, they will have to pay the ₹2 lakh bond amount.

UCO Bank SO Job Profile

The UCO Bank Specialist Officer role involves handling domain-specific responsibilities to support banking operations, security, risk management, and compliance.

Economist: Analyzes economic trends, prepares market reports, and supports forecasting and policy decisions.

Fire Safety Officer: Ensures fire safety compliance, conducts risk assessments, maintains safety equipment, and organizes mock drills.

Security Officer: Manages branch and ATM security, conducts security audits, coordinates with police, and handles emergency situations.

Risk Officer: Identifies and manages credit, market, and operational risks while ensuring compliance with RBI and Basel norms.

IT Officer: Manages core banking systems, cybersecurity, digital platforms, and technical support.

Chartered Accountant: Handles audits, taxation, credit appraisal, and treasury-related financial management.