Union Bank of India Forex Dealer Salaries by 4 Employees

6 - 9 years exp.

₹10 Lakhs - ₹24.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

7% more than the average Forex Dealer Salary in Banking Companies for 6 - 9 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Union Bank of India for Forex Dealer

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Forex Dealer Salary 0 - 8 years exp. (28 salaries)	₹10 L/yr - ₹30 L/yr 25% more
HDFC Bank Forex Dealer Salary 0 - 13 years exp. (6 salaries)	₹2.1 L/yr - ₹5.5 L/yr 75% less
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State Bank of India Forex Dealer Salary 7 - 9 years exp. (5 salaries)	₹18 L/yr - ₹27 L/yr 28% more
Bank of India Forex Dealer Salary 6 - 15 years exp. (5 salaries)	₹7.4 L/yr - ₹25 L/yr 1% less
IDBI Bank Forex Dealer Salary 2 - 11 years exp. (4 salaries)	₹16 L/yr - ₹20 L/yr 5% more
Standard Chartered Forex Dealer Salary 12 - 16 years exp. (4 salaries)	₹15 L/yr - ₹30 L/yr 36% more
Central Bank of India Forex Dealer Salary 7 - 12 years exp. (3 salaries)	₹12 L/yr - ₹28 L/yr 3% more
Axis Bank Forex Dealer Salary 0 - 5 years exp. (3 salaries)	₹5 L/yr - ₹19.5 L/yr 17% less

Forex Dealer salary at Union Bank of India ranges between ₹10 Lakhs to ₹24.5 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Forex Dealer salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
7 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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8 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
9 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr

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Senior Analyst Salary

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₹1.95 L/yr - ₹3 L/yr

Salary related reviews for Union Bank of India

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Jan 2025

3.0

for Salary and Benefits

Likes

...ork at various departments and locations. Good staff training facility is there. Salary is good.

Skill development - Good

+3 more

Dislikes

Promotions are limited and salary is not as per Market. Beyond few years we can't stay in one zone which hampers education of kids

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.

Job security - Excellent

+1 more

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 .

Work satisfaction - Poor

+1 more

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.

Salary - Poor

+5 more

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.

Salary - Good

+1 more

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.

Skill development - Poor

+2 more

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.

Work satisfaction - Bad

+2 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Union Bank of India Forex Dealer Salary FAQs

What is the salary of Forex Dealer at Union Bank of India ?

The average salary of a Forex Dealer at Union Bank of India in India typically ranges from ₹10.0 Lakhs to ₹24.5 Lakhs per year, depending on experience (from 6 years to 9 years).

The top 10% of Forex Dealer at Union Bank of India earn more than ₹24.5 Lakhs per year, and the top 1% earn over ₹24.5 Lakhs per year. Forex Dealer Salaries at Union Bank of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Union Bank of India employees in India.

What is the estimated take home salary of a Forex Dealer at Union Bank of India in India?

The estimated take-home salary of a Forex Dealer at Union Bank of India in India typically ranges from ₹1,15,969 to ₹1,19,207 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹24.5 Lakhs per year for employees with experience ranging from 6 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Union Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Union Bank of India for Forex Dealer in India?

Standard Chartered	₹15.0 Lakhs to ₹30.0 Lakhs per year
State Bank of India	₹18.0 Lakhs to ₹27.0 Lakhs per year
ICICI Bank	₹10.0 Lakhs to ₹30.0 Lakhs per year
IDBI Bank	₹16.0 Lakhs to ₹20.0 Lakhs per year
Central Bank of India	₹12.0 Lakhs to ₹28.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Union Bank of India, depending on the role and experience level.

What is the salary of a Forex Dealer in companies similar to Union Bank of India in India?

The salary of a Forex Dealer at companies similar to Union Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of India	₹7.4 Lakhs to ₹25.0 Lakhs per year
Axis Bank	₹5.0 Lakhs to ₹19.5 Lakhs per year
HDFC Bank	₹2.1 Lakhs to ₹5.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Forex Dealer at Union Bank of India in India?

The salary growth for a Forex Dealer at Union Bank of India depends on factors such as experience, performance, and promotions. On average, a Forex Dealer can expect the following growth trajectory at Union Bank of India:

Experience	Average Salary Range
6 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
7 years	₹12.6 Lakhs to ₹16.1 Lakhs per year
8 years	₹18.0 Lakhs to ₹23.0 Lakhs per year
9 years	₹22.1 Lakhs to ₹28.2 Lakhs per year

and so on.

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Union Bank of India Forex Dealer Salaries

Union Bank of India Forex Dealer salary in India ranges between ₹10 Lakhs to ₹24.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Union Bank of India latest salaries received from various employees of Union Bank of India.

Union Bank of India Forex Dealer salaries in India

Companies similar to Union Bank of India for Forex Dealer

Latest annual salaries shared by Union Bank of India Forex Dealer

Experience wise Union Bank of India Forex Dealer salaries

Similar Designation salaries in Union Bank of India

Salary related reviews for Union Bank of India

Chief Manager in Mumbai

Branch Manager in Rajahmundry

Assistant Manager in Bangalore / Bengaluru

Manager in Tiruchirappalli

Assistant Manager in Guwahati

Union Bank of India Forex Dealer Salary FAQs

Tell us how to improve this page.