Union Bank LBO Salary 2026, Structure, Basic Pay, Allowances

The Union Bank of India LBO Salary 2026 is one of the key attractions for aspirants preparing for this recruitment for the post of Local Bank Officer(LBO). Candidates selected as LBOs are appointed in Junior Management Grade Scale-I (JMGS-I), which ensures long-term financial growth along with job security. With a basic pay of Rs 48,480 monthly, the candidates will enjoy their salary along with various perks and allowances. In this article, we will provide complete details on the Union Bank LBO salary, including the in-hand salary, perks and allowances, salary growth, job profile, and more.

Union Bank LBO Salary 2026

The pay scale according to the Union Bank LBO Salary 2026 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 2026 notification. The candidates must note that, once they get recruited, they will have to be on probation for a minimum of two years.

UBI LBO In Hand Salary 2026

The In Hand Union Bank LBO Salary 2026 varies based on the different posts offered by the recruitment authority. The salary will be received after the deductions and allowances are added, which also depends on the location.

Union Bank LBO Allowances 2026

The Local Bank Officers are going to enjoy the attractive Union Bank LBO Salary 2026 and the allowances. The allowance they might get is 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 2026

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 permanent employment with the Union Bank of India.

Union Bank LBO 2026 Salary Growth

The candidates who are interested in the post of Local Bank Officer can go through the growth of the UBI LBO Salary 2026. Here we have mentioned the year-wise details from the table given below.

Union Bank LBO Job Profile 2026

The Union Bank LBO Job Profile 2026 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 Advance: They 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.

Sharing is caring!