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Syndicate Bank Salaries | PO/Clerk per Month Salary and Allowances

Syndicate Bank Salaries

Syndicate Bank is one of the oldest and major commercial Bank. It was started with the name as Canara Industrial and Banking Syndicate Limited. Syndicate Bank pays impressive salary packages to its employees. Those who want to know about Syndicate Bank Salaries may get details about per Month Salary and Allowances for different designation from this page. You may also get complete details about PO/ Clerk salary in this bank.

PO Pay Scale in Syndicate Bank

PO Pay Scale at Joining Time in India
Pay scale Major A class cities :Metro CitiesOther places in Area I(State Capitals etc)Other places(District level and Rural Places)
Basic SalaryRs.14500.00Rs. 14500.00Rs.14500.00
Dearness Allowance (110.10%)Rs. 15964.50Rs. 15964.50Rs. 15964.50
CCA(4% max Rs.540=)Rs. 540.00Rs.375.00nil
HRA (Major A class cities – 8.5%, Other places in Area I -7.5%, Other places – 6.5%)Rs.1232.50Rs.1087.50Rs.942.50
TotalRs. 32237.00Rs. 31927.00Rs. 31407.00
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.4835.00Rs.4789.00Rs.4711.00
Gr TotalRs. 37,072.00Rs. 36,716.00Rs. 36,118.00
and other perks & facilitiesand other perks & facilitiesand other perks & facilities

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Clerk Pay Scale in Syndicate Bank

SalaryMetropolis (Region With More Than 45 Lakhs Population)State Capitals (Region With Population Of 12 To 45 Lakhs)Regions With Population Below 5 Lakhs To 12 LakhsRegions With Population Below 5 Lakhs
Basic SalaryRs. 8,000Rs.  8,000Rs.  8,000Rs.  8,000
Dearness AllowanceRs.  4,320Rs.  4,320Rs.  4,320Rs.  4,320
HRARs.  800 (10% HRA)Rs.  720 (9% HRA)Rs.  600 (7.5% HRA)Rs.  560 (7% HRA)
Transport AllowanceRs.  225Rs.  225Rs.  225Rs.  225
Total SalaryRs.  13,345Rs.  13,265Rs.  13,145Rs.  13,105

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Syndicate Bank Salaries for Different Designation

Post Name Salary
Assistant Manager – MonthlyRs. 30,725
Assistant Manager- yearlyRs. 4,28,125
PORs. 30758
Clerk – MonthlyRs. 30,125
Manager – MonthlyRs. 33,133
Bank Manager- yearlyRs. 4,52,334
Senior Branch Manager – MonthlyRs. 65,332

Scale wise salary structure of Bank Officers

Pay scaleIncrementAfter IncrementIncrementAfter IncrementIncrementAfter Increment
Rs. 14500 (Scale I)Rs. 600 for 7 yearsRs. 18700Rs. 700 for 2 yearsRs. 20100Rs. 800 for 7 yearsRs. 25700
Rs. 19400 (Scale II)Rs. 700 for 1 yearRs. 20100Rs. 800 for 10 yearsRs. 28100
Rs. 25700(Scale III)Rs. 800 for 5 yearsRs. 29700Rs. 900 for 2 yearsRs. 31500
Rs. 30600 (Scale IV)Rs. 900 for 4 yearsRs. 34200Rs. 1000 for 2 yearsRs. 36200
Rs. 36200 (Scale V)Rs. 1000 for 2 yearsRs. 38200Rs. 1100 for 2 yearsRs. 40400
Rs. 42000 (Scale VI)Rs. 1200 for 4 yearsRs. 46800
Rs. 46800 (Scale VII)Rs. 1300 for 4 yearsRs. 52000

Syndicate Bank Recruitment

Banks provide a handsome salary and also a secure future to its employees. Syndicate Bank is also one of the reputed banks that provide a good salary and other allowances to its employees.

Something That You Should Put An Eye On

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