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Canara Bank PO Salary 2019 Pay Scale, Allowances, Job Profile – Check

Canara Bank PO Salary

Here on this page, we have discussed Canara Bank PO Salary, Allowances, and Job Profile etc. Canara Bank PO Pay Scale and allowances tends to be fixed after the implementation of 7th Pay Scale Commission. To know more about Canara Bank PO Salary, candidates have to read this compete page.

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Highlights of IBPS PO Notification:

Exam NameIBPS PO 2019-20 – Common Recruitment Process (CRP PO/MT-VIII)
Conducting AuthorityInstitute of Banking Personnel Selection (IBPS)
Name of PostIBPS Probationary Officers / Management Trainees (Junior Management Grade – Scale I)
Participating OrganizationsPublic Sector Banks in India except for the State Bank of India (SBI) and its Associate Banks
Number of StagesThree – Prelims, Mains, and Interview
Official Websiteibps.in

 Canara Bank PO Salary 2019

Canara Bank PO Salary & Perks after 7th Pay Commission:

Canara Bank release PO Recruitment notification time to time. And Canara Bank PO Salary are uniform all the time. Along with the monthly pay scale, candidates will also get Perks, Allowances. Read more of Canara bank PO salary after 7th pay commission from below table:

Basic Pay23700.00
Special Allowance1836.75
DA10163.63
CCA870
Transport Allowance
Total (without HRA)36570.38
HRA2133.00
Gross with HRA38703.38
Medical Aid8000
Entertainment500
Newspaper300
Petrol3000
Telephone400
Canteen Subsidy400
Pension Contribution2500
Gross Annual CTC (with HRA but without leased accommodation)5,57,640.52

Read More About: Bank Salary Structure

Canara Bank PO Salary and Allowances:

Canara Bank along with PO Salary provides below stated allowances. Grab the details from below table:

Dearness Allowance (DA)To give Dearness Allowance in Canara Bank, Consumer Price Index (CPI) and is considered.Along with that living adjustment cost will also be paid to probationary officers in both sectorsThis allowance is received by the employee quarterly and at the time of calculation
House Rent Allowance (HRA)House Rent Allowance will be given to candidates at 0% or 8.0% or 7.0% depending on the place of Posting by Canara Bank.
Special AllowanceSpecial Allowances will be payable as 10th BPS (wef. 01/11/2012) and for Scale, I 7.75%.
CCA4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.
Conveyance AllowanceIt is paid for commuting between home and office.

Check Here All: Upcoming Bank Notification

Added Perks for Canara Probationary Officer:

Leased AccommodationLeased Accommodation services instead of HRA. And Official bank housing / banking quarter as rented accommodation.
Traveling AllowanceEmployees also get Travelling allowance. Like their petrol expense and service station charges.
Newspaper ReimbursementThe newspaper expenses of a Probationary Officer are also barred by the bank.
Medical AidEmployees are also given a fix amount of Medical Aid (Revised amount is Rs8000/- p.a.).

Bank PO Perk and Facilities at Joining Time:

Probationary Officer in Canara Bank will get many facilities and perks at the time of joining. Candidates can check out the table below provided to know the exact value of Perk and Facilities:

SalaryMajor A class cities :Metro CitiesOther places in Cat A Centers (State Capitals etc)
Leased House RentRs.12,500Rs.10,000
Travelling AllowanceRs.3,000Rs.3,000
News PaperRs. 250Rs. 250
Cleaning MaterialsRs.600Rs.600
Business Development ExpensesRs.300Rs.300
Medical AidRs.450Rs.450
TotalRs.17,100Rs. 14,600
Add 15 % increase in pay slip as
per new settlement which is
expected to be implemented from June 2015(w.e.f. Nov 2012)
Rs. 2565Rs.2190
Gr TotalRs.19,665Rs. 16,790

SalaryOther places
Category B Centers
Other places
Category
C Centers
Leased
House Rent
Rs.7,500Rs.5,500
Travelling AllowanceRs.2,700Rs.2,300
News PaperRs. 250Rs. 250
Cleaning MaterialsRs.600Rs.600
Business Development
Expenses
Rs.300Rs.300
Medical AidRs.450Rs.450
TotalRs.11,800Rs.9,400
Add 15 % increase in
pay slip as per new settlement
which is expected to be implemented
from June 2015(w.e.f. Nov 2012)
Rs.Rs.1770Rs.1410
Gr TotalRs.13,570Rs.10,810

 Canara Bank Important Links:

Canara Bank Official LinkPress Here
Canara Bank PO ResultCheck Here
Canara Bank Securities RecruitmentCheck Here
Canara Bank SyllabusCheck Here
Canara Bank PO SyllabusCheck Here
Canara Bank RecruitmentCheck Here
Canara Bank PO Admit CardCheck Here

IBPS PO Career and Promotions:

  • Middle Manager – Middle Management Grade Scale 2
  • Senior Manager – Middle Management Grade Scale 3
  • Chief Manager – Senior Management Grade Scale 4
  • Assistant General Manager – Senior Management Grade Scale 5
  • Deputy General Manager – Top Management Grade Scale 6
  • General Manager – Top Management Grade Scale 7
  • Executive Director
  • Chairman and Managing Director

Career progression for Probationary Officers in Banking Sector with Salary:

Junior Management Grade – Scale I: Officer i.e. PO23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale-II: Manager31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior Manager42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief Manager50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager68680 -1960 -76520
Top Management Grade Scale VII: General Manager76520 -2120 -85000
Executive Director (ED)Approx 1.5 + lac
Chairperson and Managing Director (CMD)Approx 2 + lac

 Must Read: Banking Current Affairs

IBPS PO Salary After 11th Bipartite Settlement:

Increment (Percentage) %Basic PayGross Salary
15 %Rs.26,706/-Rs.37,068/-
20 %Rs.27,866/-Rs.38678/-
25 %Rs.29,026/-Rs.40,288/-
30 %Rs.30,187/-Rs.41,899/-

 What is the salary of Bank PO after 5 years?

Years of ExperienceAverage Annual Salary
1 year to 4 yearsINR 3 lakh
5 years to 9 yearsINR 5.7 lakh
10 years to 19 yearsINR 6.8 lakh
More than 20 yearsINR 5.3 lakh

 Grab Today: Latest Private Bank Jobs

Canara Bank PO Salaries in India 2019

Authorities of Canara Bank differentiate the salary in the bank according to the post such as Probationary Officer, senior officer, clerk, manager, etc. Probationary Officer in Canara Bank gets per month in hand salary of RS. 23700.00/-.

Canara Bank PO Salary 2019 gets hike time to time. Candidates who are going to apply for Canara Bank Recruitment they must have knowledge of Canara Bank PO Salaries which is well described above on the page of recruitmentresult.com.

Final Words:

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