Union Bank of India SO Exam Salary & Job Profile
Updated 2026
The salary structure for the Wealth Manager (MMGS-II) is highly competitive and designed to attract top professional talent. The basic pay scale starts at ₹64,820, with structured increments reaching up to ₹93,960 over the course of service. In addition to the basic pay, selected candidates are eligible for Dearness Allowance (DA), House Rent Allowance (HRA), Special Allowance, and other perquisites based on existing bank policies. The position also includes benefits such as medical reimbursement, lease accommodation, and LFC. It is important to note that employees are required to undergo a probation period of 2 years and sign a service bond of ₹2.5 lakhs, which remains effective for 3 years, ensuring a commitment to the institution's wealth management objectives.
| Post Name | Scale | Role Profile |
|---|
| Wealth Manager | MMGS-II | Managing and servicing high-net-worth client accounts, providing wealth management solutions, and ensuring professional service delivery in line with the bank's standards. |
Practice & Excel
Union Bank of India SO Exam Mock Test Series
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Combined Test: Essay Writing & Antonyms
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Combined Test: Clocks and Calendar, Ratio and Proportion & Speed Time and Distance
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Combined Test: Simple Interest & Bankers Discount
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