Union Bank of India SO Salary 2026, Check In Hand, Allowances and Growth

The Union Bank Salary 2026 is one of the key highlights of the recruitment, with the annual CTC ranging from approximately ₹21 lakh to ₹47 lakh, depending on the post and scale. Along with an attractive pay package, selected candidates will receive various allowances, medical facilities, leave benefits, and other perks as per Union Bank of India rules. Check the detailed pay scale and approximate CTC for each post below.

Union Bank SO Salary 2026

Selected candidates will receive an attractive pay package ranging from approximately ₹21 lakh per annum for Manager (MMGS-II) posts to ₹47 lakh per annum for Deputy General Manager (TEGS-VI) posts, along with allowances and other benefits as per Union Bank rules.

Union Bank of India SO Salary 2026 Overview

Along with the basic pay, selected candidates will also receive allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and other benefits as per Union Bank rules.

Particulars	Details
Organization	Union Bank of India
Recruitment Name	Union Bank Recruitment 2026
Vacancy	395
Posts	General Banking Officers & Specialist Officers
Scales Covered	MMGS-II to TEGS-VI
Basic Pay Range	₹64,820 – ₹1,56,500
Annual CTC Range	Approximately ₹21 Lakhs – ₹47 Lakhs
Allowances	DA, HRA, CCA, Medical, LTC, PF, Gratuity, Pension, etc.
Probation Period	2 years
Minimum Service Bond	3 years
Bond Amount (General Posts)	₹2,00,000 + applicable taxes
Bond Amount (Specialist Posts)	₹2,50,000 + applicable taxes

Union Bank SO Salary Structure 2026

The Union Bank Recruitment 2026 notification has announced an attractive salary structure for various posts across MMGS-II to TEGS-VI scales. The salary has been provided post-wise, with the annual CTC ranging from approximately ₹21 lakh for Manager (MMGS-II) posts to ₹47 lakh for Deputy General Manager (TEGS-VI) posts.

Union Bank SO Pay Scale

The Pay Scale & CTC Summary for Union Bank Recruitment 2026 has been released along with the official notification. The salary has been provided post-wise for various scales from MMGS-II to TEGS-VI, and selected candidates will receive an attractive annual CTC along with allowances and other benefits as per Union Bank rules.

Cadre / Post	Scale	Basic Pay Scale	Approx. Annual CTC
Manager	MMGS-II	₹64,820 – ₹93,960	~₹21 Lakhs
Senior Manager	MMGS-III	₹85,920 – ₹1,05,280	~₹25 Lakhs
Chief Manager	SMGS-IV	₹1,02,300 – ₹1,20,940	~₹30 Lakhs
Assistant General Manager	SMGS-V	₹1,20,940 – ₹1,35,020	~₹38 Lakhs
Deputy General Manager	TEGS-VI	₹1,40,500 – ₹1,56,500	~₹47 Lakhs

Union Bank SO In-Hand Salary 2026

The exact in-hand salary of Union Bank SOs varies depending on the post, scale, place of posting, and applicable deductions. However, selected candidates receive a competitive monthly salary along with allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), medical benefits, and other perks.

Union Bank SO Salary 2026 Perks and Allowances

In addition to the attractive basic pay and annual CTC, candidates selected under Union Bank Recruitment 2026 will also receive various perks and allowances as per the bank’s rules. These benefits make the overall salary package more rewarding and financially secure.

Allowances and benefits include

Dearness Allowance (DA)
House Rent Allowance (HRA)
City Compensatory Allowance (CCA)
Medical Benefits
Leave Travel Concession (LTC)
Provident Fund (PF)
Gratuity
Pension Benefits
Performance-linked incentives
Other allowances and benefits as per Union Bank norms

Union Bank SO Service Indemnity Bond

Candidates selected for Union Bank Recruitment 2026 must serve the bank for a minimum period of 3 years from the date of joining.

Bond amount

General Banking Posts (G01–G19): ₹2,00,000 + applicable taxes
Specialist Posts (S01–S108): ₹2,50,000 + applicable taxes

If a candidate resigns or leaves the bank before completing 3 years of service, they will have to pay the applicable bond amount along with taxes to the bank.

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.

Related Posts
Union Bank SO Syllabus
Union Bank SO Previous Year Question Papers	Union Bank Assistant Manager Cut Off

FAQs

What is the basic pay range for Union Bank SO posts?

The basic pay range for Union Bank SO posts is ₹64,820 to ₹1,56,500, as per the scale of the post.

What is the annual CTC offered under Union Bank SO Salary 2026?

The annual CTC under Union Bank SO Salary 2026 ranges from approximately ₹21 lakhs to ₹47 lakhs, depending on the post and scale.

What allowances are included in Union Bank SO Salary 2026?

Selected candidates will receive allowances such as DA, HRA, CCA, Medical Benefits, LTC, Provident Fund, Gratuity, Pension Benefits, and performance-linked incentives.

Are there any additional perks for Union Bank SO employees?

Yes, Union Bank SO employees are eligible for amenities like residential quarters or lease rent, Leave Fare Concession (LFC), reimbursement of medical expenses, and other perquisites.

Is there a probation period for the Union Bank SO Assistant Manager post?

Yes, selected candidates will be on probation for a period of 2 years from the date of joining the bank. During this time, their performance will be evaluated before they are confirmed as permanent employees.