Union Bank of India Forex Manager Salaries by 9 Employees (Updated 2024)

6 - 12 years exp.

₹8 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

66% more than the average Forex Manager Salary in Banking Companies for 6 - 12 years of experience

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Last Updated: 23 Jul 2024

Companies similar to Union Bank of India for Forex Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Forex Manager Salary 31 - 34 years exp. (3 salaries)	₹4.5 L/yr - ₹5.8 L/yr 62% less
ICICI Bank Forex Manager Salary 1 - 7 years exp. (25 salaries)	₹4 L/yr - ₹6.5 L/yr 60% less
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HDFC Bank Forex Manager Salary 1 - 11 years exp. (15 salaries)	₹3 L/yr - ₹9.4 L/yr 51% less
Axis Bank Forex Manager Salary 5 - 14 years exp. (10 salaries)	₹4 L/yr - ₹10.8 L/yr 44% less
Bank of Baroda Forex Manager Salary 6 - 11 years exp. (15 salaries)	₹10 L/yr - ₹20 L/yr 16% more
Kotak Mahindra Bank Forex Manager Salary 1 - 13 years exp. (6 salaries)	₹5 L/yr - ₹8 L/yr 52% less
IndusInd Bank Forex Manager Salary 1 - 7 years exp. (6 salaries)	₹4.4 L/yr - ₹8.5 L/yr 56% less
Indian Overseas Bank Forex Manager Salary 8 - 19 years exp. (3 salaries)	₹5 L/yr - ₹12 L/yr 29% less
Indian Bank Forex Manager Salary 4 - 6 years exp. (3 salaries)	₹9.5 L/yr - ₹12.1 L/yr 20% less

Forex Manager salary at Union Bank of India ranges between ₹8 Lakhs to ₹20 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 9 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Forex Manager salaries

Last Updated: 23 Jul 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹12 L/yr - ₹23.1 L/yr
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹23.4 L/yr
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8 years (AmbitionBox Estimate)	₹13 L/yr - ₹23.8 L/yr
9 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.4 L/yr
10 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹24.4 L/yr
11 years (AmbitionBox Estimate)	₹13 L/yr - ₹20 L/yr
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹25 L/yr

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Similar Designation salaries in Union Bank of India

Chief Manager Salary

(151 salaries)

₹12 L/yr - ₹42 L/yr

Forex Officer Salary

(3 salaries)

₹8 L/yr - ₹11 L/yr

Branch Manager Salary

(72 salaries)

₹7 L/yr - ₹21 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 L/yr

Deputy Manager Salary

(11 salaries)

₹8.52 L/yr - ₹16 L/yr

Operations Manager Salary

(4 salaries)

₹10 L/yr - ₹20 L/yr

Team Lead Salary

(4 salaries)

₹2 L/yr - ₹4.65 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Officer Salary

(4 salaries)

₹1 L/yr - ₹10 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Salary related reviews for Union Bank of India

4.4

Rated by 4 employees for salary & benefits

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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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Union Bank of India Forex Manager Salary FAQs

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

Forex Manager salary at Union Bank of India in India ranges between ₹8.0 Lakhs to ₹20.0 Lakhs for experience between 6 years to 12 years. According to our estimates it is 66% more than the average Forex Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Union Bank of India India.

How does the salary of a Forex Manager at Union Bank of India India compare with the average salary range for this job?

The average salary of a Forex Manager at Union Bank of India is 66% more than the average salary of a Forex Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Union Bank of India to a Forex Manager in India?

Bank of Baroda Forex Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year

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

Indian Bank Forex Manager Salary - ₹9.5 Lakhs to ₹12.1 Lakhs per year
Indian Overseas Bank Forex Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
Axis Bank Forex Manager Salary - ₹4.0 Lakhs to ₹10.8 Lakhs per year
HDFC Bank Forex Manager Salary - ₹3.0 Lakhs to ₹9.4 Lakhs per year
Kotak Mahindra Bank Forex Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year

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

The estimated take-home salary of a Forex Manager at Union Bank of India ranges between ₹93,012 per month to ₹95,507 per month in India. The take-home salary calculation is based on the average Union Bank of India Forex Manager salary in India which ranges between ₹8.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Forex Manager at Union Bank of India?

According to AmbitionBox, 50% of the Union Bank of India Forex Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Union Bank of India Forex Manager Salaries by Location

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Union Bank of India Forex Manager Salaries

Union Bank of India Forex Manager salary in India ranges between ₹8 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Union Bank of India latest salaries received from various employees of Union Bank of India.