UCO Bank Po Salary And Allowances

I want to know the salary and allowances of Probationary Officer PO in UCO Bank so can you please tell me?

[shikha]

Probationary Officer PO is an entry level position at which a bank officer starts working. Probationary Officer has to undergo the probation period of 2 years.

The latest revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2012 (The final agreement has been signed only on 25th May, 2015) .

The revised salary as on 1st June 2015 will be as per Scale I -

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

Thus, the revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/- as on 1st June 2015

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-

(a) Dearness Allowance (DA) :

DA in banks is revised on quarterly basis based on the CPI as declared by Government of India.

The new revised current DA is 45.50% of the Basic Pay

(b) Special Allowance :

This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable

(c) 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.

(d) CCA :

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