Union Bank Local Bank Officer Salary 2024, Basic Pay, Allowances and Job Profile

Union Bank LBO Notification 2024 PDF has been released for the recruitment of a total of 1500 vacancies for Local Bank Officer (LBO) posts. The selection of candidates for said posts is based on a Written Exam, Interview, Local Language Test, Document Verification, and Medical Examination. Candidates declared successful in this exam are appointed for Local Bank Officer posts and receive a monthly basic starting salary of Rs. 48480/-. Candidates can refer to the article to find more details about the salary, along with the allowance of the job profile and others.

Union Bank Local Bank Officer Salary 2024

All appointed candidates will be paid a salary in pay scale 48480-2000/7-62480-2340/2-67160-2680/7-85920 as mentioned in Union Bank Local Bank Recruitment 2024 Notification PDF. With this candidates will also get the various allowance and perks. Selected candidates will have 02 years of Probation period service from the date of his / her joining the Bank. In this article, we have provided detailed information on Union Bank LBO Salary, Including in-hand salary, perks and allowance, and career growth prospects.

Union Bank Local Bank Recruitment 2024 Notification Out for 1500 Vacancies – Click to Check

Union Bank LBO Allowance and Perks

Apart from the Union LBO Salary 2024 appointed candidates will also receive various perks and Special Allowances, Dearness Allowances, and other allowances as per prevailing rules and regulations in the Bank.

• Dearness Allowance
• House Rent Allowance
• Paid holidays
• Increments and incentives
• Transport Allowance
• Health insurance
• Medical facilities
• Leave and travel concession
• Bonus

Union Bank Local Bank Officer Job Profile

The roles and responsibilities to be carried out by a candidate under the Union Bank Local Bank Officer job profile are as follows:

• Providing excellent customer service to individuals and businesses.
• Assist clients with banking transactions, account management, and queries, ensuring high-quality service.
• Evaluate and process loan applications, including credit assessments and approvals.
• Promote bank products and services to achieve sales targets and strengthen customer relationships.
• Providing advice to customers on investment options.
• Manage account openings, closures, and maintenance while ensuring proper handling of customer documentation and compliance.
• Keeping up with the latest technological advancements in the banking industry.

Union Bank of India Local Bank Officer Probation Period

Selected candidates will undergo a probationary period of two years of active service of active service from the date of joining the Bank. If the employee successfully completes this probation and meets the bank’s expectations, their service will be confirmed. This confirmation means they are permanent employees of Union Bank of India, with all associated benefits and responsibilities.

Union Bank LBO Service Indemnity Bond

Candidates who are appointed for the Local Bank Officer positions at various branches of Union Bank will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years. If any candidates leave the bank before completing this period, they must pay the bank a sum of Rs. 2,00,000/- (Rs. Two Lakh Only), along with any applicable taxes as per government regulations.

UBI Local Bank Officer Carrer Growth

The candidates once selected for the Indian Bank Local Bank Officer post get Career Growth as per the Bank’s Promotion Policy for General Banking Officers. Candidates will be allowed to participate in the promotion in the Bank to a higher Grade / Scale subject to fulfilling the prescribed norms.

Union Bank Local Bank Syllabus 2024 and Exam Pattern – Click to Chcek