The job cut is a part of a strategic review launched by chief executive officer Antonio Horta-Osorio in 2011 to eliminate 15,000 jobs and save nearly £1.5bn ($2.3bn) per annum.
The 39% British taxpayer owned bank said that over 600 employees will lose their jobs due to closure of a branch in Southend, while remaining will be cut in commercial and insurance businesses.
The bank received a bailout of $31bn during the financial crisis of 2008 and since then it has axed more than 35,000 jobs as well as shut down various offshore operations.
Since the start of 2013, the banking group has slashed more than 2,750 positions.
In January, the company announced that it will cut 940 jobs in the UK operations, including insurance, retail, wealth, international and group divisions, while 190 IT jobs will be outsourced to India.
