I want to know types of allowance offer by Union Bank Of India to officer’s, here will you please get some information?

As per your concern I will let you know officer’s allowance fixed by Union Bank Of India, so that you can check it easily.

Here are some details

Dearness Allowance
(i) Dearness Allowance shall be payable for every rise or fall of 4 points over 600 points in the quarterly average of the All India Average working Class Consumer Price Index (General) Base 1960=100.

(ii) Dearness Allowance shall be payable as per the following rates :
(i) 0.67% of 'Pay' upto Rs.2500/- plus
(ii) 0.55% of 'Pay' above Rs.2500/- to Rs.4000/- plus
(iii) 0.33% of 'Pay' above Rs.4000/- to Rs.4260/- plus
(iv) 0.17% of 'Pay' above Rs.4260/-

House Rent Allowance :
(1) (a) On and from 1st November, 1994 where an officer is provided with residential accommodation by the Bank, a sum equal to 4% of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent for the accommodation, whichever is less, will be recovered from him.

(2) (a) On and from 1st November, 1999 where an officer is provided with residential accommodation by the Bank, a sum equal to 2.5% of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent for the accommodation, whichever is less, will be recovered from him.





For full information please have a look on file

Address:-
Union Bank Of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021, Maharashtra, India

Phone:-
022-22892000

Attached Files

Allowance Offer By Union Bank Of India To Officer’s.pdf (234.7 KB, 267 views)