This thread is for all those got into Canara Bank.Join in n discuss everything about New Inning.
This thread is for all those got into Canara Bank.Join in n discuss everything about New Inning.
Any girl who has got canara bank...???
congrats to all the selected candidates through 2nd allotment specifically for those who got canara bank .............. after a long gap v had a smile on our face at the time when v got the mess & mail regarding allotment , v came across lots of pain & worries abt our future , all r over now its time for celebration ,
lets all of us discuss abt joining formalities , training details ( location as well ) , home posting , salary , perks & other allowances , work culture , job nature , timings ., etc in canara bank
Dosto ye bhi humari hlp karega
http://www.pagalguy.com/forums/jobs-and-careers/canara-bank-allotted-candidates-ibps-po2-t-96644/
lets all of us discuss abt joining formalities , training details ( location as well ) , home posting , salary , perks & other allowances , work culture , job nature , timings ., etc in canara bank
At the time of joining, the candidates will have to produce the originals of the documents to prove their eligibility with regard to
1)Age (Class 10th passing certificate),
2)Educational qualification (10,12,Grad,Post grad mark sheets)
3)Any professional certificate like NISM,AMFY or any computer certificate.
4)Experience Certificates
5)Relieving Letter if Applicable
6)Address Proof,Photo ID,Photographs
7)Reserved category candidates are required to submit the caste / PWD certificate as per Government of India format itself.
All Originals are required
wat abt salary & perks details in canara bank
What is Bank PO's Salary / Bank Probationary Officer Salary (newly recruited) ?
Bank PO's salary or Bank Probationary officer's starting salary in most of public sector banks and even in some private banks is same. The last revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2007. All newly recruited POs are placed in the following scale at the 1st stage of the same. (However, banks like SBI, ICICI bank and other private sector banks have some different start for probationary officers ) :-
Scale I - Rs. 14500 - (600x7) 18700 - (700x2) - 20100 (800x7) - 25700 [Revision has already become due wef 01/11/2012, but it is likely to take about 2 years to finalise the same i.e. by Dec 2014)
Thus, the initial Basic Pay of a Bank Probationary officer / PO will be Rs.14,500/- (the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable)
What are other major allowances payable on monthly basis as part of the salary to bank PO:
In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-
(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.
The current DA (for the month of May, June and July 2013 is 84.15% of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.
(b) HRA : This depends on the place of posting and it can be either 6.5% or 7.5% or 8.5% depending on the place of posting.
(c) CCA : This also depends on the place of posting and can be either 4% (maximum Rs.540/-) or 3%(Maximum Rs.375/-) or 0%
What is the total salary of a Bank PO / Probationary Officer / Management Trainee (Starting salary of newly appointed PO) :
The above indicates that the total salary of a probationary officer on joining at a metro station will be around Rs.27,908/. However, the total salary of a probationary officer who has to join in rural area will be about Rs 27078/- . [This includes HRA]. However, SBI gives four additional increments to Bank POs and thus salary will be higher by about Rs 4,000/-.See details below)
NEWLY APPOINTED BANK PO - INITIAL SALARY / STARTING PAY ON JOINING [as on 1st May 2013\] - PRE REVISED
Major A Class Cities
Other Places in Area I
Other Places
Metro Cities
(State Capital etc.)
(District Level and Rural Areas)
Basic Pay
14500.00
14500.00
14500.00
Dearness Allowance @ 84.15%
12201.75
12201.75
12201.75
CCA (3% to 4% Max. Rs540/-)
540.00
375.00
0.00
Total Salary (Excluding HRA i.e. if Leased Accommodation is availed by the officer)
26676.25
26511.25
26136.25
HRA - 8.5% ; 7.5%; 6.5%*
1232.50
1087.50
942.50
Total Salary (including HRA i.e. if officer does not avail leased accommodation)
27908.75
27598.75
27078.75
In lieu of HRA you can get leased accommodation, the amount of which varies from bank to bank and also depends on place of posting.
What are other perks that are available to Bank PO :
There are number of other perks available to Bank officers and these vary from bank to bank, and even the amount of such perks vary from bank to bank. SBI gives more perks than all other nationalised banks. Some of the perks available to Bank officers are :-
(a) Leased Accommodation : This facility is available to Bank officers in lieu of HRA. At some stations, some banks may offer official bank accommodation in lieu of leased accommodation / bank quarters. The lease amount vary from bank to bank and place of postings. This can vary from Rs 2500 to over Rs.10,000/-. However, you should remember that this amount is not available as cash component and will directly go to the house owner - those house you have got leased.
(b) Travelling Allownace : Some banks allow fixed Travelling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting
(c) Newspaper Reimbursement : A fixed monthly amount is paid towards the cost of one newspaper
(d) Medical Aid : A fixed annual amount is paid by most of the banks
(e) Coverage under New Pension Scheme
Salary of PO in State Bank of India / PO Salary in SBI :
PAY: In SBI, the starting basic pay is Rs 16,900/- (with 4 increments) in the scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700 applicable to Junior Management Grade Scale I.
The official will also be eligible for D.A., H.R.A & C.C.A as per rules in force from time to time.
At present monthly compensation at Mumbai will be approximately Rs 69,000/- inclusive of lease rental. The salary scales are under revision with effect from November 2012.
The officers are required to make 10% of their basic pay as contribution to Provident Fund and the Bank also makes matching contribution to the Employees Provident Fund.
The new entrants will be governed by the Defined Contribution Pension Scheme/New Pension Scheme, where each employee is required to contribute 10% of Basic Pay and D.A. towards pension scheme and Bank also makes matching contribution.
PERQUISITES
(1) Leased accommodation ranging from Rs 8,000/- in 'C' category Centres to Rs 29,500/- in Mumbai Centre. (2) Medical Aid for self (100%) and for family (75%).
(3) Home Travel Concession/ Leave Fare Concession.
(4) Concessional interest rates for Housing/Car/Personal Loans
NOTE : The candidates should not get confused by the amount of Salary shown by SBI as Rs 69000/- as it includes the prerequisite of Leased Accommodation to the extent of Rs 29000 in Mumbai. This is not cash component but a facility to get a house in Mumbai if you are posted their. Basically, the salary difference between SBI and other PS Banks is that of 4 increments i.e. Starting Basic Pay will be Rs 16900/- in SBI, whereas in other PS Banks it is Rs145000/-. (Rs. 2400/- more as basic in SBI) The difference becomes bigger as DA is payable on this basic pay. This also works out to be about Rs2000/-. Thus, starting salary in SBI is about Rs 4400/- more than other PS Banks :
What are other scales on promotion from Scale I to Scale VII
JMGS-I - Rs.14,500/- TO Rs.31,500/-@ [as shown above for bank PO] MMGS-II - Rs.19,400/- TO Rs.34,200/-@ MMGS-III - Rs.25,700/- TO Rs.35,100/-@ @This includes two additional stagnation increments
SMGS-IV - Rs.30,600/- TO Rs.36, 200/- SMGS-V - Rs.36,200/- TO Rs.40, 400/- TEG-VI - Rs.42,000/- TO Rs.46,800/- TEG-VII - Rs.46,800/- TO Rs.52,000/
[The next revision of pay scales for Bank PO is due wef November, 2012. However, the finalisation of new scales may take even more than 2 years]
What is the total CTC for Bank Probationary Officers (As on May 2013) :
Although, Basic Pay, DA are clearly defined for POs, yet other allowances like HRA / leased accommodation, Petrol charges, Medical Allowance, Entertainment allowances, canteen subsidy, vary from bank to bank and place of posting (rural / semi urban / metro). Thus, CTC will vary from bank to bank and place of posting. However, we give below a BROAD CTC for Bank POs :
Sl NO Particulars Monthly Annual
1 Basic 14500 174000
2 DA (@ 84.15% in May 2013) 12202 146424
3 CCA 540 6480
Sub Total 26132 326904
4 Leased Accommodation 8000 96000
5 Medical Aid 5100
6 Entertainment 4600
7 Newspaper 2400
8 Petrol 2000 24000
9 Canteen Subsidy 250 3000
10 Pension Contribution 1450 17400
11 Mobile / Telephone 200 2400
Grand Total 481804
Thus CTC works out to be about 4.81 lacs for newly recruited PO in a Bank. However, the amount eligible for items at Sl No 4 to 10 can vary from Bank to Bank and place of posting. Some Banks like SBI also give additional benefits.
* Revise DA as given above to get the latest CTC.
What is the Job Profile of a Bank Probationary officer / What is Job Profile of Bank PO
Probationary Officers are directly recruited officers in the banks who are initially recruited on probation (which is normally in all types of jobs) for 2 years period. It is a coveted job as bank officers usually enjoy good respect and prestige in Indian society. This is the entry point for officers in the bank. Usually they are initially given training, which ranges from few weeks to one year. After the training, they are placed either in a branch or administrative office. At the branch PO is supposed to look after the branch working which can include passing of cheques, evaluating loan proposals; marketing of bank products etc
wen can we expct d joining date?
Hi guys.Congrats to all. i too got canara. one ques , do they seperately ask for some minimum marks in graduation to be eligible or the ibps scorecard is valid ??
Canara bank guys , below is the pay details for PO & clerk in canara bank .........
On appointment in the Bank,candidates will be paid Salary & emoluments as under;
Scale Salary & Emoluments Starting Salary with DA
JMGS-I 14500 – 600/7 – 18700 – 700/2 – 20100 – 800/7 – 25700 26,936/-
Clerical 7200 – 400/3 – 8400 – 500/3 – 9900 – 600/4 – 12300 – 700/7 – 17200 – 1300/1 – 18500 – 800/1 – 19300 15,205/-
Dearness Allowance, HRA, CCA, Medical Aid, Hospitalization expenses, Leave Fare Concession etc. for both the posts and Perquisites like Conveyance, Quarters, Furniture etc. for JMGS-I posts, depending on the place of posting shall be available as per rules.
Approximate Cost To Company (CTC) per Annum for a new recruit at Metro Locations (variable depending on place of posting) is as below:
JMGS-I: 5.32 Lakhs Per Annum and Clerks: 2.27 Lakhs Per Annum
Guys
below is the canara bank Salary detail in po recruitment (2012 - 13 ) , Source : canara bank website
Scale Salary & Emoluments
JMGS-I 14500 – 600/7 – 18700 – 700/2 – 20100 – 800/7 - 25700
Dearness Allowance, HRA, CCA, Medical Aid, Hospitalization expenses, Leave Fare Concession etc. and Perquisites like Conveyance, Quarters, Furniture etc., depending on the place of posting shall be available as per rules.
Po job profile in canara bank is under below :
Source : canara bank website
General Banking, House keeping, Supervisory functions etc and any other work assigned by the Bank from time to time.
Canara bank 2nd allotment candidates :
The probation period & security deposit details are under below :
Source : canara bank website
PROBATION:
The selected candidates will be on probation for a period of two years (24 months of active service) from the date of joining, as per the rules of the Bank.
SECURITY DEPOSIT:
The selected candidates for the post of Probationary Officers have to deposit a sum of 25,000/- at the time of joining as Security Deposit. Candidates have to serve for a minimum period of 2 years. If the candidate after appointment leaves the Bank for any reason before 2 years, the security deposit will be forfeited.
Hi all ,
I want a clarification , In have been alloted to canara bank in second round & my score is 55.64 under sc caregory . In my graduation i scored 79.6 , i have rounded it off & mentioned as 80 in the application form , during my interview the person who verified my details said no issues for rounding of the marks , but in po 3 notification they have clearly mention tat
The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%
The above mentioned points was not ther in po 2 notification
anyone from tamilnadu alloted to canara bank?
Till when Canara Bank will mail us regarding joining formalities...etc.?
(IBPS CWE PO 2--- second round)