UCO Bank LBO Salary 2025: Pay Scale, Perks, and Allowances

The UCO Bank has released the official notification regarding the salary structure and benefits for Local Bank Officers (LBOs) for 2025. Selected candidates will receive competitive compensation, including perks such as Dearness Allowance (DA), House Rent Allowance (HRA), and other benefits. Below is a comprehen…
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UCO Bank LBO Salary 2025: Pay Scale, Perks, and Allowances
The UCO Bank has released the official notification regarding the salary structure and benefits for Local Bank Officers (LBOs) for 2025. Selected candidates will receive competitive compensation, including perks such as Dearness Allowance (DA), House Rent Allowance (HRA), and other benefits. Below is a comprehensive breakdown of the UCO Bank LBO salary, allowances, and other key details.
UCO Bank LBO Salary Overview 2025
The salary for UCO Bank LBOs will be based on the Junior Management Grade Scale-I (JMGS-I) pay structure. The in-hand salary ranges between ₹55,000 and ₹60,000, inclusive of various perks and allowances. Candidates must commit to a minimum of two years of service or face a penalty of ₹2 lakh for early resignation.
UCO Bank LBO Salary Structure Breakdown
Component | Amount (₹) |
---|---|
Basic Pay | 48,480 |
Dearness Allowance (DA) | 5,500 – 5,800 |
House Rent Allowance (HRA) | 3,500 – 4,000 |
Other Allowances | 2,500 – 3,000 |
Gross Salary | 60,000 – 65,000 |
Deductions (PF, Tax, etc.) | 5,000 – 8,000 |
In-Hand Salary | 55,000 – 60,000 |
UCO Bank LBO In-Hand Salary 2025
The in-hand salary for UCO Bank LBOs ranges between ₹55,000 and ₹60,000 per month. The actual amount will depend on the deductions (e.g., Provident Fund, income tax) and the location of the posting, as allowances such as HRA vary.
UCO Bank LBO Perks and Allowances
In addition to the basic salary, UCO Bank LBOs enjoy various perks and allowances, as listed below:
Dearness Allowance (DA)
House Rent Allowance (HRA) / Lease Accommodation
Travel Allowance (TA) / Tour Allowance
Medical Allowance
Provident Fund (PF)
Loan Facility
Furniture Allowance
Gratuity
UCO Bank LBO Probation Period
Selected candidates will serve a probation period of two years from the date of joining. During this time, performance and conduct will be closely monitored. If a candidate fails to meet the minimum standards, their services may be terminated as per the bank’s policy. Additionally, candidates must execute a bond to serve the bank for at least two years or pay ₹2 lakh if they choose to resign prematurely.
The salary slip for UCO Bank LBOs will include details of the basic pay, gross salary, deductions, and allowances. This document is useful for various purposes such as loan applications, income tax filings, and employment verification.
Key Highlights
Pay Scale: JMGS-I (₹48,480 – ₹85,920).
Gross Salary: ₹60,000 – ₹65,000.
In-Hand Salary: ₹55,000 – ₹60,000.
Probation Period: Two years with a bond agreement.
Penalty for Early Resignation: ₹2 lakh.
The UCO Bank LBO position offers an attractive salary package, comprehensive benefits, and a secure career path. Candidates should take note of the probation period requirements and the financial implications of leaving the service early.