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Canara Bank PO Salary – Pay Scale After 7th CPC, Perks & Allowances

Canara Bank PO Salary

Check Here Canara Bank PO Salary !! After getting recruitment in Canara Bank as Probationary Officer, selected ones will get best salary and perks & Allowances by the organization. Those who want to apply for Canara Bank Probationary Officer Recruitment they must know about the Canara Bank PO In Hand Salary.

Canara bank differ their Salaries on the basis of posts such as PO/SO/Clerk/Manager. To know the complete details of Canara Bank PO Salary 2018 in India and Pay Scale after 7th CPC you have to scroll down this page.

Canara Bank PO Salary in India: Check Here !!

As per the latest reports regarding Canara Bank PO Pay Scale, Probationary Officer per month in hand salary is RS. 23700.00/-. Along with Canara Bank PO Salary 2018 they will also get many perks and allowances as per the organization’s norms.

Canara bank hiked up their salary time to time. So go through below section of this page to grab the rest details of Canara Bank PO Salary 2018 which is well created by the team members of www.recruitmentinboxx.com

Must Read: How to Get Direct Recruitment in Private Banks

Canara Bank PO Salary

Canara Bank PO Salary Slip After 7th CPC:

Authorities of Canara Bank has made some changes in the Canara Bank PO Salary And Perks, Allowances structure. To know the new Canara bank PO salary after 7th pay commission or Canara Bank PO Salary Slip you have to go through below table:

Basic PayRS. 23700.00/-
Special AllowanceRS. 1836.75/-
DARS. 10163.63/-
CCARS. 870/-
Trans Port Allowance
Total (without HRA)RS. 36570.38/-
HRARS. 2133.00/-
Gross with HRARS. 38703.38/-
Medical AidRS. 8000/-
EntertainmentRS. 500/-
NewspaperRS. 300/-
PetrolRS. 3000/-
TelephoneRS. 400/-
Canteen SubsidyRS. 400/-
Pension ContributionRS. 2500/-
Gross Annual CTC (with HRA but without leased accommodation)RS. 5,57,640.52/-

Also Check Out Here: Canara Bank PO Syllabus

Canara Bank  PO Salary in India and Allowances:

Below is the list of allowances offered by Canara Bank along with Canara Bank PO Pay Scale:

Dearness Allowance (DA)

Dearness Allowance in Canara Bank is based on consumer price index and is and cost of living adjustment which is paid to both government as well as public sector probation officers.

This allowance must be reviewed quarterly and at the time of calculation if DA increase then inflation gets higher and if it is decreased then inflation rate gets negative.

 Read About: Career in Banking Sector In India

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 Allowance

Special Allowances will be payable as 10th BPS (wef. 01/11/2012) and for Scale, I 7.75%.

CCA

4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.

Conveyance Allowance

It is paid for commuting between home and office.

Know Here: How To Get A Bank Job In India

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 expence 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.).

Do You Know: How To Negotiate Salary With HR

Bank PO Perk and Facilities at Joining Time:

Probationary Officer in Canara Bank will get bucket of benefits along with Canara Bank Probationary Officer Salary. To know the complete details of benefits given to Probationary Officer in Canara Bank you have to look at the below stated table:

Canara Bank PO In Hand SalaryMajor A class cities :

Metro Cities

Other places in Cat A Centers(State Capitals etc)Other places

Category B Centers

Other places

Category C Centers

Leased House RentRs.12,500.00Rs.10,000.00Rs.7,500.00Rs.5,500.00
Travelling AllowanceRs.3,000.00Rs.3,000.00Rs.2,700.00Rs.2,300.00
News PaperRs. 250.00Rs. 250.00Rs. 250.00Rs. 250.00
Cleaning MaterialsRs.600.00Rs.600.00Rs.600.00Rs.600.00
Business Development ExpensesRs.300.00Rs.300.00Rs.300.00Rs.300.00
Medical AidRs.450.00Rs.450.00Rs.450.00Rs.450.00
TotalRs.17,100.00Rs. 14,600.00Rs.11,800.00Rs.9,400.00
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. 2565.00Rs.2190.00Rs.Rs.1770.00Rs.1410.00
Gr TotalRs.19,665.00Rs. 16,790.00Rs.13,570.00Rs.10,810.00

Do You Know: How to Calculate TDS on Salary

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