I want to do job of Probationary officer PO in Union Bank Of India so can you please tell me the salary of Probationary officer PO in the bank?

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

All newly recruited POs are placed in the following scale at the 1st stage of the same.

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

(the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable)

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

Allowances –

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) 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 (May 2015, June 2015 and July 2015)-
33.70% of the Basic Pay
DA can go up with higher inflation and also come down if the inflation rate is in negative.

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%