#1
6th November 2017, 10:26 AM
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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?
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#2
6th November 2017, 12:26 PM
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Re: Salary Structure of UCO Bank PO
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 |
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