Union Bank of India PO Bond

Will you please tell what is the duration of the bond for the candidate who getting recruitment of PO post at Union Bank of India , also please tell about the bond amount of the bank ?

[Quick Sam]

At Union Bank of India for the candidate who getting recruitment of PO post bond period may 3 year . If the candidate break the bond he/she have to pay bond amount . Bond amount of the bank is 2 ,00,000 rs.

Period of probation at Union Bank of India : 2 year


Detail about the bond duration for PO post at some other banks :

Bank bond duration bond ammunt
Allahabad Bank3 yrsRs. 1,00,000
Andhra Bank3 yrsRs. 2,00,000

Indian Overseas Bank3 yrsRs. 1,00,000
Punjab & Sind Bank3 yrsRs. 50,000
Dena Bank 3 yrsRs 1,50,000
United Bank of India3 yrsRs. 1,00,000
Vijay Bank3 yrsRs. 2,00,000
Punjab National Bank3 yrsRs. 2,00,000

Hii Guys , I want to know What is Probation and Bond Period of Union Bank of India For Probationary Officers , Will you please Give me Details for Same ?

[Raman Vij]

Friend On your Asking here I am Providing Union Bank of India Probationary Officers Salary Structure :

Probation Period for PO – 1 or 2 year

Service Agreement - 3 yrs

Bond Amount - Rs 2 lakh

Scale I -
23700 -
(980 x 7 ) -
30560 -
(1145 x 2 ) -
32850 -
(1310 x 7) -
42020

IBPS PO Allowances

Current Dearness allowance @109.8% will be nearly = INR 15921

House Rent Allowance (HRA) : HRA can be either 6.5% or 7.5% or 8.5% of the Basic Salary
HRA= 932-1242 depending on the place of posting.

City Compensatory Allowance (CCA): It is an allowance for moving from one city to another and can be either 3% or 4% i.e. INR 375-540.
So summing up all the above given allowances.

Gross salary of IBPS PO at Current DA (for newly selected) ranges from INR 32000-36000

Bank PO Salary at 109.8% DA will be approx. 32000-36000.
Cash in Hand salary of newly recruited Probationary Officers will be INR 30000-34000 after deductions (depending on area).