Total Salary of Canara bank PO

I have applied for Canara Bank Probationary Officer position, now I want to know total salary structure for Canara Bank Probationary Officer position & what are other major allowances payable on monthly basis as part of the salary to Canara bank PO???

What is the total Salary of Canara bank for PO candidates? Please provide me new salary for PO employee in Canara bank?

[pawan]

PO salary According to SBI bank is approx Rs. 25,000. Following would be the new pay structure of newly joined Probationary Officer (PO) Salary and the officer who are in first year of Probation period in Canara Bank.

New Salary of PO after Wage/salary Revision of 15 % in Canara Bank

New Salary of PO after Wage Revision in Canara Bank
Present Hike 15% Corresponding Basic 26705
Current Basic 14500
Current DA % 109.8 15921 Corresponding Revised DA % (33.1)8839.36
Current HRA % 6.5 942.5 Corresponding HRA % (7.475) 1996.2
Current Gross Salary 31364 Corresponding Gross Salary 37541

Current NPS Contribution 3042.1 Corresponding Revised NPS Contribution 3554.44
Current Net Salary 28321 Corresponding Revised Net Salary 33986


Scales of Bank Po

JMGS-I - Rs.14, 500/- TO Rs.31, 500/-
MMGS-II - Rs.19, 400/- TO Rs.34, 200/-
MMGS-III - Rs.25, 700/- TO Rs.35, 100/-
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/-


City Compensatory Allowance:

CCA rates are as under:
Places in Area I - 4% of Basic Pay, Max. Rs.540/-p.m.
Places with population of more than 5 lacs - 3% of Basic Pay,
Max. Rs.375/-p.m.

House Rent Allowance:
We have retained the existing rate of HRA as under:
Major A class cities - 8.5%
Other places in Area I - 7.5%
Other places - 6.5%
Medical Aid :
For officers other than SBI, the medical aid has been enhanced as;
Scale I to III – Rs. 5100/- p.a.
Scale IV & above - Rs. 6320/- p.a.