The UCO Bank SO Salary 2026 is an important factor for candidates planning to apply for Specialist Officer posts in the banking sector. UCO Bank recruits Specialist Officers in different grades and offers a structured salary, multiple allowances, job security, and clear career growth.
Candidates selected for UCO Bank SO 2026 are appointed under JMGS-I (Junior Management Grade Scale-I) and MMGS-II (Middle Management Grade Scale-II). Along with basic pay, officers receive Dearness Allowance, HRA or leased accommodation, medical benefits, and other perks as per bank rules.
UCO Bank SO Salary 2026 – Overview
Before applying, candidates should understand the overall salary package and job expectations.
- Post: Specialist Officer (SO)
- Grades: JMGS-I & MMGS-II
- Basic Pay Range: ₹48,480 to ₹93,960
- Allowances: DA, HRA/Lease, CCA, Medical & more
- Nature of Job: Officer-level, specialist roles
The final in-hand salary depends on grade, posting location, and applicable allowances.
UCO Bank SO Pay Scale 2026 (Post-wise)
UCO Bank follows a structured pay scale with regular increments.
UCO Bank SO Basic Pay Scale 2026
| Grade | Pay Scale |
|---|---|
| JMGS-I | ₹48,480 – 2000/7 – ₹62,480 – 2340/2 – ₹67,160 – 2680/7 – ₹85,920 |
| MMGS-II | ₹64,820 – 2340/1 – ₹67,160 – 2680/10 – ₹93,960 |
This structured scale ensures steady salary growth with experience.
UCO Bank SO In-Hand Salary 2026
The in-hand salary includes basic pay plus allowances, after deductions such as PF and taxes.
- JMGS-I: Approx ₹60,000+ per month
- MMGS-II: Higher than JMGS-I depending on posting and allowances
Exact figures vary by city category and benefits opted by the officer.
UCO Bank SO Allowances & Perks
Apart from basic pay, UCO Bank offers multiple allowances to support a comfortable lifestyle.
Major Allowances
- Dearness Allowance (DA) – Helps offset inflation
- House Rent Allowance (HRA) or leased accommodation
- Category A cities: 24%
- Category B cities: 16%
- Other areas: 8%
- City Compensatory Allowance (CCA) (where applicable)
Other Benefits
- Medical allowance and reimbursement
- Furniture allowance
- Fuel and conveyance reimbursement
- Newspaper, books, and electronic device reimbursement
- Other bank-approved perks based on eligibility
UCO Bank SO Salary Slip 2026
The UCO Bank SO salary slip is issued monthly and contains:
- Basic pay
- Gross salary
- Allowances and perks
- Statutory deductions (PF, etc.)
It is an important document used for loan applications, income tax filing, and official verification.
UCO Bank SO Probation Period
Selected candidates must complete a probation period and sign a service bond.
Probation & Bond Details
| Grade | Probation Period | Bond Amount | Minimum Service |
|---|---|---|---|
| JMGS-I | 2 years | ₹2 lakh | 2 years |
| MMGS-II | 1 year | ₹2 lakh | 2 years |
If an officer leaves before completing the service period, the bond amount becomes payable.
UCO Bank SO Job Profile 2026
The job profile of UCO Bank Specialist Officer depends on the specialization (IT, Risk, Law, Finance, etc.).
Key Responsibilities
- Handling domain-specific banking operations
- Advising branches on technical or regulatory matters
- Supporting policy implementation and compliance
- Managing projects related to their specialization
- Coordinating with senior officers and departments
The role is largely professional and officer-oriented, with long-term growth opportunities.
Final Words
The UCO Bank SO Salary 2026 offers a balanced mix of good pay, allowances, job stability, and professional growth. With structured pay scales, multiple perks, and a clear career path, UCO Bank Specialist Officer posts are a strong option for candidates looking to build a long-term career in public sector banking.
