Salary Structure of UCO Bank PO

Can you tell me about the salary for PO (Probationary Officer) Post in UCO Bank which makes its recruitment through IBPS (Institute of Banking Personnel Selection) score?

[pawan]

The salary for PO (Probationary Officer) Post in UCO Bank which makes its recruitment through IBPS (Institute of Banking Personnel Selection) score is as follows:

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance
Total (without HRA) 36570.38
HRA 2133.00
Gross with HRA 38703.38
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5, 57,640.52

IBPS Bank PO Salary and Allowances

Dearness Allowance (DA)
It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers.
It is revised on a quarterly basis and based on Consumer Price Index (CPI).
Calculation of DA depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.

HRA
This depends on the place of posting, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

Special Allowance
This will add in 10th BPS and for Scale, I 7.75% on which DA is also payable

CCA
This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%

Conveyance allowance It is paid for commuting between home and office.

Other Benefits and Perks Available to Bank PO

Leased Accommodation
It also varies from bank to bank and depends on upon the place of posting.
Some banks may offer official bank accommodation/ bank quarters instead of leased housing.

Travelling Allowance
Most of the banks give a fixed Travelling Allowance and reimbursement of petrol bills.

Medical Aid
An amount also attached for medical needs (Revised price is Rs 8000/- p.a.)

Newspaper Reimbursement:
A fixed monthly amount is pay towards the cost of one newspaper

Coverage under New Pension Scheme