[mamta]

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Can you provide me the Pay Scale offered for the Clerk Post by UCO Bank, which makes its recruitment through IBPS (Institute of Banking Personnel Selection) Score?

[Vishal Kotkar]

The Pay Scale offered for the Clerk Post by UCO Bank, which makes its recruitment through IBPS (Institute of Banking Personnel Selection) Score is as follows:

IBPS Clerk Pay Scale in Hand:

Component and Facilities Places with Population Places with Population
Above 45 lakhs Below 45 Lakhs

Basic Pay Rs. 11765/- Rs. 11765/-
Special Allowance Rs. 911.79/- Rs. 911.79/-
DA (Dearness Allowances) Rs. 5311.58/- Rs. 5311.58/-
CCA Rs. 0/- Rs. 0/-
Transport Allowance (TA) Rs. 425/- Rs. 425/-
Total (without HRA) Rs. 18413.37/- Rs. 18413.37/-
HRA Rs. 1176.5/- Rs. 1058.85/-
Gross with HRA Rs. 19589.87/ Rs. 19472.22/-

IBPS Clerk Salary Scale with Increment (Promotion):

Clerk Grade New pay Scale
Existing Basic Pay Rs. 11765 – 31540/-
Revised Basic Pay Rs. 30000 – 68900/-
Annual Increment 1500/3 – 1900/8 – 2400/8

IBPS Clerk Allowances:

• Basic Salary:
Basic Pay Scale of IBPS Clerk is Rs. 11765- 31540/- and all the commercial banks give 1 year tune-up after completion of one year.
• Increments:
After completion of the 1 year service you will an increment of Rs. 400/- and Rs. 500 increment in 2nd year. In next three years one can avail these increments accordingly.
• DA (Dearness Allowances):
DA is called Dearness allowances which are revised quarterly for every three months which is based on CPI (Consumer Price Index) declared by the banks. It will be done on quarterly basis like “Jan, Feb, March”, “April, May, June”, “July, Aug, Sep”, “Oct, Nov, Dec”.
• HRA (House Rent Allowance):
House Rent Allowance will be allotted according to the place of posting such as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations. HRA will be decided according to the population percentage of cities and others.

Perks and Benefits for IBPS Clerk:

• Leased Accommodation:
Those, who are appointed as clerk through IBPS, will be admissible for Leased Accommodation from recruiting banks.
• Travelling Allowance:
Some banks also offer Travelling Allowance to the Clerks. These allowances are based on the distance between the work place and home.
• Medical Aid:
All banks pay Medical Allowances to the Clerks per year. It is around Rs. 2000/- per year and for serious issue, employees can also get other medical benefits.