Canara Bank PO Salary

Canara Bank PO Job Profile

Canara Bank has released the official notification for Probationary Officer (Preliminary and Main) for the Bank. As per notification, there are 800 vacancies in total for the post of Probationary Officers. The Canara PO examination has scheduled on the months of October and November. As the exam is nearly months away, it is time for the candidates to start the preparation.

Canara PO Salary in hand

The salary of selected candidates will draw a starting pay of Rs.25123 – Rs. 35250. Some other allowances like Dearness Allowance, House Rent Allowance, Hospitalization Reimbursement and Leave Fare Concession, Deputation Allowance etc., The other perks for Canara PO includes reimbursement of medical expenses, Newspaper, Travelling Allowance etc,. The candidates selected for the post will be governed by the defined contribution to New Pension Scheme (NPS) in additional to the benefit to gratuity.

Canara Bank Roles and Responsibilities

Canara Bank conducts exam for the post of Probationary Officer (PO) in various bank. The post of Probationary Officer has a very essential and vital role in the banking industry. Canara PO will have handled a variety of tasks some of the basic responsibilities are as follows:-

  • Probationary Officers and Managers in banks are into customer dealing and maintenance and supervising regular branch activities.
  • The Probationary Officer of a public sector bank will include looking after public relations, monitoring and regulating branch activities and tasks, address customer relates issues and grievances, approving and monitoring daily branch and customer transactions and handling loan processing.
  • An assistant manager is expected to multitask and verify the work done by clerks whenever required.
  • The selected candidates through this recruitment process and you are working as Assistance Manager you’ll have plenty of opportunities to grow your career in any Public sector Bank. A part from promotion through examination, at times banks may also promotion of employee on the seniority basis.

Canara PO Pay scale

The Canara Probationary Officers salary for the structure for. Rs.25123 – Rs. 35250 including all perks and allowances.

Canara Bank PO Salary Structure:

The Salary, Pay Scale, Perks and Allowances are as follows: -

Basic Salary Rs. 15080– Rs. 24500
Dearness Allowance Rs. 8732– Rs. 10800
House Rent Allowance Rs. 8025– Rs. 9025
Medical Aid Rs. 7203 – Rs.  8320
Newspaper Rs. 275 – Rs. 300
Petrol Rs. 2500 – Rs. 3050
Pension Contribution Rs. 2250 – Rs.2525
Gross Salary Rs.  25123 – Rs. 35250

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