What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Union Bank of India (UBI), a leading public sector bank, has invited online applications from eligible candidates for recruitment to various posts of Specialist Officers (SO). This recruitment process is conducted to fill up 347 vacancies for different managerial posts in various departments. The online application process just started from August 12, 2021. Interested candidates can apply online through the UBI’s official website at unionbankofindia.co.in. The online application window will remain open till September 3, 2021.
Important dates
Date of publication of advertisement: August 12, 2021
Starting of online application: August 12, 2021
Last date of online application: September 3, 2021
Vacancy details
The total number of vacancies 347. Take a look at the post-wise vacancy:
i) Senior manager (risk): 60
ii) Manager (risk): 60
iii) Manager (civil engineer): 7
iv) Manager (architect): 7
v) Manager (electrical engineer): 2
vi) Manager (printing technologist): 1
vii) Manager (forex): 50
viii) Manager (chartered accountant): 14
ix) Assistant Manager (technical officer): 26
x) Assistant Manager (forex): 120
Eligibility criteria
i) Senior Manager (Risk)
– Educational Qualifications:
Certification in Financial Risk Management from Global Association of Risk (GARP), or
Professional Risk Management Certification from PRIMA Institute, or
Holder of Chartered Financial Analyst (CFA) from CFA Institute, or
CA/CMA (ICWA)/CS, or
Full time MBA in Finance (Minimum 2 Years)/PGDM with specialisation in finance) with a minimum 60% in aggregate, or
Master in mathematics/ statistics or economics with a minimum of 60% in aggregate.
Age: Between 30 years to 40 years as on August 1, 2021.
ii) Manager (Risk)
– Educational Qualifications:
Certification in Financial Risk Management from Global Association of Risk (GARP), or
Professional Risk Management Certification from PRIMA Institute, or
Chartered Financial Analyst (CFA) from CFA Institute, or
CA/CMA (ICWA)/CS, or
Full time MBA in Finance (Minimum 2 Years)/PGDM with specialisation in finance) with a minimum 60% in aggregate, or
Master in mathematics/ statistics or economics with a minimum of 60% in aggregate.
Age: Between 25 years to 35 years as on August 1, 2021.
iii) Manager (Civil Engineer)
Educational qualifications:
B.E/ BTech degree in civil engineering from a recognized university with a minimum of 60% marks in aggregate.
Age: Between 25 years to 35 years as on August 1, 2021.
iv) Manager (Architect)
– Educational Qualifications:
Bachelor’s Degree in architecture from a recognised university with minimum 60% marks in aggregate and knowledge of Auto CAD.
Age: Between 25 years to 35 years as on August 1, 2021.
v) Manager (electrical engineer)
– Educational Qualifications:
B.E./B.Tech. in Electrical Engineering with minimum 60% marks in aggregate from a recognised university.
Age: Between 25 years to 35 years as on August 1, 2021.
vi) Manager (Printing Technologist)
– Educational Qualifications:
B.E./ B. Tech in Printing Technology from a recognized university with a minimum of 60% marks in aggregate.
Age: Between 25 years to 35 years as on August 1, 2021.
vii) Manager (Forex)
– Educational Qualifications:
Graduate in any discipline and full time MBA (minimum 2 Years) / PGDBA / PGDBM/ PGPM/ PGDM with Specialisation in finance / international business/ trade finance from a recognised university with minimum 60% marks in aggregate.
Age: Between 25 years to 35 years as on August 1, 2021.
viii) Manager (chartered accountant)
– Educational Qualifications:
Chartered Accountant from an institution recognized by ICAI.
Age: Between 25 years to 35 years as on August 1, 2021.
ix) Assistant manager (technical)
– Educational Qualifications:
Degree in engineering from a recognised university with a minimum of 60% marks in aggregate.
Age: Between 20 years to 30 years as on August 1, 2021.
x) Assistant Manager (Forex)
– Educational Qualifications:
Graduate in any discipline and full time MBA (minimum 2 Years) / PGDBA / PGDBM/ PGPM/ PGDM with Specialization in finance / international business/ trade finance from a recognised university with minimum 60% marks in aggregate.
Age: Between 20 years to 30 years as on August 1, 2021.
Candidates are advised to read the recruitment advertisement carefully for details on eligibility criteria.
Salary
Senior Manager posts: Basic pay scale 63840-1990/5-73790- 2220/2-78230
Manager post: Basic pay scale 48170-1740/1-49910- 1990/10-69810
Assistant Manager post: Basic pay scale 36000-1490/7-46430-1740/ 2-49910-1990/7-63840
Application fee
General, EWS, OBC category: Rs 850
SC, ST, person with benchmark disability (PwBD) category: free
How to Apply
Interested candidates may apply at unionbankofindia.co.in till September 03, 2021. For more details, click here