Canara Bank PO Salary 2022 Pay Scale, Allowances, Job Profile – Check

Canara Bank PO Salary

Canara Bank conducts recruitment to the post of PO in Junior Management Grade Scale-1. While preparing for Canara Bank PO Exam; the most important question arises in everybody mind is what Canara Bank PO Salary 2022 is? After 7th pay scale Commission, hikes have been given in almost every government job. Canara Bank Probationary Officers Salary 2022 and Canara Bank PO Salary Slip 2022 has been discussed in this page.

The notifications related to vacancies in Canara Bank releases time to time. You can apply for Canara Bank PO if you are happy with its salary structure, perks and allowances. To know more details, check here-

recruitmentresult.com

After the Successful completion of the course after Canara Bank PO, aspirants will get a pay scale of INR 23700-980/7- 3056-1145/2-32850-1310/7-42020. Contenders will also obtain House Rent Allowance (HRA), Dearness Allowance (DA), Medical Aid (MA), CCA, Leave Fare Concession etc. the Perquisites such as furniture, Conveyance etc. The Salary structure of Canara Bank PO post is given below;

Canara Bank PO Salary 2022

Canara Bank PO Salary Structure

Pay ScaleMetro CitiesState / CapitalsDistrict level & Rural Places
Basic salaryRs.23700Rs.23700Rs.23700
CCA (City Compensatory Allowance)Rs.870 Rs.600 Nil
HRA (House Rent Allowance)Rs.2133Rs.1896Rs.1659
DDA (Dearness Allowance)Rs.12206.69Rs.12206.69Rs.12206.69
Special AllowanceRs.1836.75Rs.1836.75Rs.1836.75
TotalRs.40,746.54Rs.40,239.54Rs.39,402.54

Selected candidates can expect an in-hand salary in the range of Rs.36,000 – 38,000.

Canara Bank PO Salary 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:

Canara Bank PO Pay Scale23700.00
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 sectors. This 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.

Canara Bank PO Career growth and progression

Given below are the factors that determine your promotion to higher grades.

  • Seniority level
  • Availability of vacancies in the department
  • Maintaining good Service Record

The table given below will provide a better idea of growth in Canara Bank:

  • Scale I: Officer i.e. PO
  • Scale II: Manager
  • Scale III: Senior Manager
  • Scale IV: Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)

Canara Bank PO Salary – Perks and Benefits

With the job of Canara Bank PO, there come a lot of perks and benefits. A few of them are listed below:

  • Dearness Allowance
  • Loyalty Bonus
  • Gratuity
  • Dearness Relief
  • House Rent allowance
  • Medical Allowance
  • Travel Allowance
  • Other Allowances related to pay
  • Pension

Check Now: Upcoming Jobs in Banking Sector

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.).

Canara 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.1770Rs.1410
Gr TotalRs.13,570Rs.10,810

 Canara Bank Important Links

Canara Bank SyllabusCheck Here
Canara Bank RecruitmentCheck 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 Grab: Latest Recruitment

Canara Bank PO Salary After 11th Bipartite Settlement:

Increment
(Percent
age) %
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/-

Canara Bank PO Salary 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: Highest Paying Government Jobs in India

Canara Bank PO Salaries in India 2022

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 2022 gets hike time to time. Candidates who are going to apply for Canara Bank Recruitment they must have knowledge of Canara Bank Probationary Officers Salaries which is well described above on the page of recruitmentresult.com.

CANARA BANK PO FAQS 2022

Question 1: How much does a Canara Bank PO make per month?

Answer: The Canara Bank PO makes at least Rs.40000 to Rs.42000 per month.

Question 2: What is the basic salary of Canara Bank PO?

Answer: The basic salary of Canara Bank PO is Rs.23700.

Question 3: Which is the minimum pay scale for Canara Bank PO?

Answer: The minimum pay scale for Canara Bank PO is Rs.23700.

Question 4: Do you get a salary after the Canara Bank PO exam?

Answer: No, salary is received once the candidate joins the department as a Canara Bank PO.

Question 5: Is there any career growth for the Canara Bank PO?

Answer: Yes, the candidates can be promoted to the Chairman and Managing Director post.

Final Words:

Candidates we hope that above stated details of Canara Bank PO Salary 2022 will be beneficial for you if you are going to apply for the recruitment. You can subscribe to our free mail services to get instant mails in your mail box.


Filed in: Salary 2022

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