Union Bank of India Collection Officer Salaries by 2 Employees (Updated 2024)

2 - 3 years exp.

₹2.1 Lakhs - ₹2.7 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 14 Aug 2024

Companies similar to Union Bank of India for Collection Officer

Company name	Avg Annual Salary	Open Jobs
State Bank of India Collection Officer Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 56% more
ICICI Bank Collection Officer Salary 2 - 6 years exp. (76 salaries)	₹1.2 L/yr - ₹3.6 L/yr 6% more
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HDFC Bank Collection Officer Salary 0 - 7 years exp. (360 salaries)	₹1.2 L/yr - ₹4 L/yr 6% more
Axis Bank Collection Officer Salary 1 - 8 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 2% more
Bank of Baroda Collection Officer Salary 2 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr 29% more
Kotak Mahindra Bank Collection Officer Salary 2 - 8 years exp. (53 salaries)	₹1.6 L/yr - ₹4.1 L/yr 12% more
IndusInd Bank Collection Officer Salary 0 - 9 years exp. (98 salaries)	₹1.4 L/yr - ₹4.5 L/yr 15% more
Bandhan Bank Collection Officer Salary 0 - 8 years exp. (108 salaries)	₹1.4 L/yr - ₹4 L/yr 14% more
Standard Chartered Collection Officer Salary 1 - 9 years exp. (23 salaries)	₹2.6 L/yr - ₹6 L/yr 56% more
Baroda Global Shared Services Collection Officer Salary 2 - 6 years exp. (5 salaries)	₹1.7 L/yr - ₹2.4 L/yr 15% less
Barclays Collection Officer Salary 5 - 8 years exp. (3 salaries)	₹5.4 L/yr - ₹6.9 L/yr 151% more
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Collection Officer salary at Union Bank of India ranges between ₹2.1 Lakhs to ₹2.7 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 2 latest salaries received from various employees of Union Bank of India.

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Salary related reviews for Union Bank of India

Branch Manager in Rajahmundry

BFSI, Investments & Trading Department

3.0

• posted on 07 Jan 2019

3.0

for Salary and Benefits

Likes

The company allows you fast new challenges every time and you need to completely learn accordingly. We will have good respect in the society.

Dislikes

Growth is fast but the pressure increase multiple times and salary wil be increased very slow. Most of the things are to be managed by one person only and no one will be supporting them . Though few are experienced and highly skilled ,they won't have time to train subordinates .

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Jul 2023

3.0

for Salary and Benefits

Likes

Salary and allowances will be on time. Easy to get loans on self name.

Dislikes

These days banking jobs became much stressful and hectic with no personal life. Young generation please don't come banking side anymore.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Union Bank of India Collection Officer Salary FAQs

What is the notice period for Collection Officer at Union Bank of India?

According to AmbitionBox, 50% of the Union Bank of India Collection Officers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Union Bank of India Collection Officer Salaries

Union Bank of India Collection Officer salary in India ranges between ₹2.1 Lakhs to ₹2.7 Lakhs. This is an estimate based on latest salaries received from employees of Union Bank of India.