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Canara Bank PO Salary 2021: In-hand salary, benefits, perks and allowances

Safalta Expert Published by: Silky Joshi Updated Fri, 30 Jul 2021 05:23 PM IST

Highlights

Know the Canara Bank PO Salary 2021 along with the perks and Allowances. Get an idea of the Basic Pay and Growth Prospects of the Canara Bank PO in Indian PSBs.

Canara Bank has released a total of 800 posts in over 6300 branches for the eligible candidates willing to work in the banking sector. The candidates will have to clear the Post Graduate Diploma in Banking and Finance. The course for which is held for a duration of 9 months and a further 3 months duration of Internship with Canara Bank Branches. once the training has been completed the candidates who are selected in the Canara Bank Probationary Officer and are subjected to receive a handsome salary which ranges from Rs. 25,123 to Rs. 35,220.

Along with the basic pay, Canara Bank PO staff are also allowed with major allowances like Housing Rent Allowance, Dearness Allowance and Medical Allowances. The candidates can check the basic job profile, Canara Bank PO Salary 2021, Career growth etc on this page.

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Canara Bank PO Salary

The candidates who are selected as the Probationary Officer after the probation period in the Canara Bank are subjected to receive a handsome salary which ranges from Rs. 25,123 to Rs. 35,220. Apart from this, the Canara Bank PO staff are allowed various perks and benefits, these are listed below:-

  • Dearness Allowances

  • House Rent allowance

  • Medical Allowances

  • Deputation Allowance

  • Leave Fare concession

 

Canara Bank PO Salary

Pay in Rupees

Pay-Scale

Rs.23700

CCA

870

HRA

4,050

DDA

12206

Special Allowance

1836

Gross Salary

42,600

Net Deduction

1,890

Net Salary

40,730

 

Canara Bank PO Job Profile

The candidates can check out the Canara Bank PO Job Profile in the space below:

  • The major duty of Canara Bank PO is to cross-verify the vouchers and maintain the same. 

  • The candidate is also entrusted with compiling the financial records.

  • Canara Bank PO has to work closely with the seniors and monitor the work of the clerical employees. 

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Canara Bank PO Career Growth 

After the candidates have worked for 3 years in the Canara Bank PO, they may be further promoted to the Chairman and Managing Director post. The promotional order has been listed below:-

  • 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 FAQs

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

Ans 1:  The Canara Bank PO makes at least Rs.40,000 to 42,000 per month.

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

Ans 2: The basic salary of a Canara Bank PO is Rs.23700. 

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

Ans 3: The minimum pay scale for Canara Bank PO is Rs.23700.

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

Ans 4: No salary is only received once the candidate joins the department as a Canara Bank PO.

Ques5:Is there any career growth for the Canara Bank PO?

Ans 5: Yes, the candidates can be promoted to the Director post from the Chairman and Managing Director.

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Disclaimer

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