Union Bank LBO Salary 2024, Structure, Basic Pay, Allowances

The Union Bank LBO Salary 2024 is the one factor that is going to drive the candidates to work hard and qualify for the examination for the Local Bank Officer posts. This year, the recruitment authority has released 1500 vacancies for the LBO post and has invited eligible candidates for the online examination. Those who get selected for the post will receive a basic pay of Rs 48,480 monthly along with beneficial allowances and perks.

Union Bank LBO Salary 2024

The pay scale according to the Union Bank LBO Salary 2024 is 48480-2000/7-62480-2340/2-67160-2680/7-85920. The details related to the salary and allowances have been released along with the official Union Bank Local Bank Officer Recruitment 2024 notification. The candidates must note that, once they get recruited, they will have to be on probation for a minimum of two years.

Union Bank LBO Allowances 2024

The Local Bank Officers are going to enjoy the attractive Union Bank LBO Salary 2024 and the allowances. The allowance they might get are listed below:

• House Rent Allowance
• Dearness Allowance
• Leave and Travel Concession
• Increment and Incentives
• Medical Facilities
• Health Insurance
• Paid Holidays

Union Bank LBO Probation Period

The candidates who get selected for the post of Local Bank Officer, will have to serve a probation period of two years. This period will be active from the date of joining of the candidates. Once the candidates complete the probation, their overall performance will be evaluated by the Bank and they will be offered a permanent employment with the Union Bank of India.

Union Bank LBO Job Profile 2024

The Union Bank LBO Job Profile 2024 refers to the roles and responsibilities of the candidates which they will need to perform once they are appointed.

• Customer Service: They will have to provide excellent customer service to individuals and businesses.
• Branch Operations: They will have to ensure that the daily operations of the bank branch are conducted successfully.
• Loans and AdvancesThey need to access loan applications and make recommendations for approval and rejection.
• Investment Products: They will have to promote and sell investment products which includes mutual funds and fixed deposits.
• Risk Management: They will have to identify the risks associated with the operations and mitigate them.

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