The latest revision of salary of Union Bank Of India
Probationary officers PO has taken place wef 1st November, 2012

The revised salary as on 1st June 2015 will be as per Scale I given below :

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

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

Major allowances payable on monthly basis as part of the salary to bank PO:

In addition to Basic Pay, Probationary officers are eligible for the following allowances :-

Dearness Allowance (DA) :

DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.

The new revised current DA (for the month of May 2016, June 2016 and July 2016 is 41.90% of the Basic Pay).

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

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.

CCA :

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

Newly appointed Union Bank Of India PO - Initial Salary / Starting Revised Pay On Joining [As On 1st May, 2016 ]

Major A Class Cities* Area - I* Other Areas

Basic Pay 23700 23700 23700
Special Allowance 1836.75 1836.75 1836.75
DA 10,699.90 10,699.90 10,699.90
CCA 870 600
Transport Allowance 0 0 0

Total (without HRA) 37,106.65 36,836.65 36,236.65

HRA 2133 1896 1659

Gross with HRA 39,239.65 38,732.65 37,895.65