Union Bank of India LBO Salary 2024, Pay Scale and Job Profile

The  Union Bank of India has published a recruitment notification on its official website, @www.unionbankofindia.co.in . There are a total of 1500 vacancies for  LBO posts. The candidates interested in this opportunity are wondering about the Local Bank Officer Salary 2024. The official notification has mentioned the salary and job profile that all the candidates must be aware of.

Union Bank of India LBO Salary 2024

The Union Bank of India local bank officer salary 2024 is paid to candidates by UBI. The candidates must note that this is regular job, not a contractual one. The candidates will be eligible for allowance and benefits. The monthly salary for LBO is mentioned in the official notification released by the bank.

UBI LBO Salary 2024: Overview

The official notification for Union bank of India LBO Recruitment 2024 has specified the nature of the job. Here candidates can get a brief overview of Local Bank Officer Salary 2024.

Union Bank of India LBO Salary Structure 2024

The salary structure for Union Bank of India LBO 2024 as mentioned in the official notification will be based on the Basic Pay scale of 48480-2000/7-62480-2340/2-67160-2680/7-85920.

Furthermore Special Allowance, Dearness Allowance and other allowances will be payable as per prevailing rules and regulations in the Bank. The officer will also be eligible for amenities like residential quarters/lease rent in lieu of quarters, LFC, reimbursement of medical/hospitalization expenses and other perquisites as per the policy of the Bank.

UBI Local Bank Officer 2024 Job Profile

The UBI Local Bank Officer 2024 job profile is likely to involve a wide range of responsibilities related to the day-to-day operations of a local bank branch. While the exact duties may vary slightly from branch to branch, here are some of the key responsibilities of the UBI Local Bank Officer 2024:

Customer Service

• Providing excellent customer service to individuals and businesses.
• Handling customer inquiries and complaints.
• Assisting customers with various banking transactions, such as deposits, withdrawals, and transfers.
• Promoting bank products and services.

Branch Operations

• Overseeing the daily operations of the bank branch, including cash management and security.
• Ensuring compliance with bank policies, procedures, and regulations.
• Managing branch staff and assigning tasks.
• Preparing and submitting required reports to head office.

Loans and Advances

• Assessing loan applications and making recommendations for approval or rejection.
• Managing loan portfolios and ensuring timely repayments.
• Following up with customers who are delinquent on their loan payments.

Investment Products

• Promoting and selling investment products, such as mutual funds and fixed deposits.
• Providing advice to customers on investment options.

Risk Management

• Identifying and mitigating risks associated with the branch’s operations.
• Ensuring that the branch has adequate security measures in place.

Technology

• Using banking software and technology to perform various tasks.
• Staying updated on the latest technological developments in the banking industry.

Union Bank of India LBO 2024 Probation Period

The selected candidates will be on Probation for a period of 2 years of active service from the date of his / her joining the Bank.If the employee successfully completes the probationary period and meets the bank’s expectations, their service is confirmed. This means they become a permanent employee of UBI with all the associated benefits and responsibilities.

Union Bank of India LBO 2024 Service Indemnity Bond

The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years or to pay the Bank a sum of Rs.2,00,000.00 (Rs. Two Lakh Only) plus applicable taxes as per Government rules in case he / she leaves the
Bank before completion of 3 years of active service.