The UCO Bank LBO Salary 2025 is the important factor motivating candidates to work hard and qualify for the Local Bank Officer exam. The Local Bank Officers will get a Base Salary of Rs. 48480 with additional allowances and perks, their expected gross salary will be around Rs. 65000. The salary package includes benefits like Dearness Allowance, House Rent Allowance (HRA), Transport Allowance, Special Pay, and others. The article provides detailed information about the LBO salary and benefits.
UCO Bank LBO Salary 2025
The role of a Local Bank Officer (LBO) in UCO Bank involves managing and overseeing banking operations at the local branch level. The UCO Bank LBO Salary 2025 ranges from Rs. 680000 to Rs. 730000 annually. This salary range reflects a good compensation package for Local Bank Officers (LBOs). In addition to a salary, the LBO offers job security, which makes it a stable career option for many people looking for long-term employment with financial benefits and stability.
UCO Bank LBO Salary Structure 2025
The starting basic pay is Rs.48480, with annual increments of Rs.2000 for the first seven years. After that, the increment rises to Rs. 2340 for two years, bringing the salary to Rs.62480. Then, the pay increases by Rs.2680 each year for the next seven years, reaching a maximum basic pay of Rs.85920.
| UCO Bank LBO Salary Structure 2025 | |
| Parameters | Amount |
| Base Salary | Rs. 48480 |
| Dearness Allowances | Rs. 6500-7500 |
| HRA | Rs. 3000-5000 |
| Other Allowances | Rs. 2500-3000 |
| Gross Pay | Rs. 62000-67000 |
| Deductions | Rs. 6000-8000 |
| Net Pay | Rs. 56000-61000 |
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UCO Bank LBO Salary In Hand Salary
The gross salary is the total amount before any deductions, while the in-hand salary is the amount the officer takes home after deductions. These deductions include professional tax and pension scheme contributions. The UCO Local Bank Officer will receive a net in-hand salary of approximately Rs. 56000 to Rs. 61000.
UCO Bank LBO Perks and Allowances
The UCO LBO Salary 2025 includes various perks and allowances added to the basic pay. These benefits are set by the 7th Pay Commission and include:
- Dearness Allowance (DA)
- Transportation Allowance
- Special Allowance (Grade Pay)
- DA on Special Allowance
- DA on Transport Allowance
- Special Area Allowance
- Special Pay
- House Rent Allowance (HRA)
UCO Bank LBO Probation Period
Candidates selected for the UCO Bank LBO position will undergo a probation period of two years starting from their joining date. During this period, their performance and behavior will be closely monitored. If they fail to meet the required standards, their services may be terminated according to the bank’s policies. Also, candidates will need to sign a bond committing to work for the bank for the full probation period. If they choose to leave the bank before completing the two years, they will be required to pay a penalty of Rs. 2 Lacs as compensation.
UCO Bank LBO Careers and Promotions
The selected Local Bank Officer (LBO) will be posted within the state for which they have been selected, and they will remain in that state until they are promoted to SMGS-IV (Senior Management Grade Scale IV) or complete 12 years of service, whichever comes first.
Also, the candidate selected for the LBO position can participate in the bank’s promotion process as per the existing promotion policy for Generalist Officers. However, they must meet the required criteria and norms set by the bank to be eligible for promotion.
