The UCO Bank Specialist Officer (SO) Salary 2026 is one of the key attractions for banking professionals looking to build a stable and rewarding career. Along with a competitive basic pay, UCO Bank offers multiple allowances, structured salary increments, and long-term growth opportunities. Before applying, candidates should clearly understand the pay scale, in-hand salary, perks, and probation rules associated with UCO Bank SO posts.
In this article, we have explained the complete UCO Bank SO Salary Structure 2026, including post-wise pay scale, allowances, annual package, and job profile.
UCO Bank SO Salary 2026 Overview
The salary of UCO Bank Specialist Officers is governed by the 7th Pay Commission. Appointments are made under Junior Management Grade Scale-I (JMGS-I) and Middle Management Grade Scale-II (MMGS-II), depending on the post.
UCO Bank SO Salary 2026 – Key Highlights
| Particulars | Details |
|---|---|
| Organization | UCO Bank |
| Post | Specialist Officer (SO) |
| Pay Commission | 7th Pay Commission |
| Pay Scale | JMGS-I & MMGS-II |
| Basic Pay | ₹48,480 – ₹64,820 |
| In-Hand Salary | ₹55,000 – ₹60,000 (Approx.) |
| Annual Package | ₹6.6 – ₹7.2 Lakh |
| Probation Period | 1–2 Years |
UCO Bank SO Salary Structure 2026
The salary package includes basic pay + allowances – deductions, making the overall compensation attractive and stable.
UCO Bank Specialist Officer Salary Structure
| Component | Amount |
|---|---|
| Basic Pay | ₹48,480 – ₹64,820 |
| 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 |
| Annual CTC | ₹6,60,000 – ₹7,20,000 |
UCO Bank SO Salary 2026 – Post-Wise Pay Scale
The basic pay differs depending on the Specialist Officer role and grade.
UCO Bank Specialist Officer Pay Scale 2026
| Post | Grade | Pay Scale |
|---|---|---|
| Risk Officer | MMGS-II | 64820–2340/1–67160–2680/10–93960 |
| IT Officer | MMGS-II | 64820–2340/1–67160–2680/10–93960 |
| Chartered Accountant | MMGS-II | 64820–2340/1–67160–2680/10–93960 |
| Economist | JMGS-I | 48480–2000/7–62480–2340/2–67160–2680/7–85920 |
| Fire Safety Officer | JMGS-I | Same as JMGS-I |
| Security Officer | JMGS-I | Same as JMGS-I |
UCO Bank SO Salary Increment 2026
JMGS-I Salary Progression
| Year | Basic Pay |
|---|---|
| 1 | ₹48,480 |
| 5 | ₹56,480 |
| 9 | ₹64,820 |
| 13 | ₹75,200 |
| 17 | ₹85,920 |
MMGS-II Salary Progression
| Year | Basic Pay |
|---|---|
| 1 | ₹64,820 |
| 5 | ₹75,200 |
| 9 | ₹85,920 |
| 12 | ₹93,960 |
UCO Bank SO Allowances & Benefits
Apart from basic salary, UCO Bank offers multiple allowances and long-term benefits:
- Dearness Allowance (DA)
- House Rent Allowance (HRA) or Lease Accommodation
- Travel & Tour Allowance
- Medical Facilities
- Furniture Allowance
- Provident Fund (PF)
- Gratuity
- Staff Loan Facility at Concessional Rates
- Leave Benefits & Insurance Coverage
UCO Bank SO Probation Period 2026
All selected candidates must complete a mandatory 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 |
UCO Bank SO Job Profile 2026
The responsibilities vary based on the specialization:
- Economist: Economic research, market analysis, forecasting
- Risk Officer: Credit, market & operational risk management
- IT Officer: Core banking systems, cybersecurity, digital platforms
- Security Officer: ATM & branch security, audits, coordination
- Fire Safety Officer: Safety compliance, inspections, mock drills
- Chartered Accountant: Audits, taxation, financial reporting
FAQs – UCO Bank SO Salary 2026
Q1. What is the starting basic pay of UCO Bank SO?
The starting basic pay is ₹48,480 for JMGS-I and ₹64,820 for MMGS-II.
Q2. What is the in-hand salary of UCO Bank SO in 2026?
The in-hand salary ranges between ₹55,000 and ₹60,000 per month.
Q3. Does UCO Bank SO get annual increments?
Yes, structured annual increments are provided as per pay scale.
Q4. What is the probation period for UCO Bank SO?
JMGS-I: 2 years | MMGS-II: 1 year.
