Canara Bank PO - SPLessons

Canara Bank Assistant Manager Salary

Home > > Tutorial
SPLessons 5 Steps, 3 Clicks
5 Steps - 3 Clicks

Canara Bank Assistant Manager Salary

shape Introduction

Founded in 1969, the Canara Bank got nationalised in 1969. With this, the bank attained the national status regarding its geographical reach and clientele. Canara Bank occupies a premier position among Indian banks and working here as a Assistant Manager is an eventful journey characterized by several milestones. Headquartered in Bengaluru, it is one of the largest public sector banks in India.

shape Job

Job Responsibilities:
  • The assistant manager will be involved in hiring, training, and supervision of customer service representatives as well as the financial service managers.

  • The assistant manager will enforce banking regulations and overseas measures for banking security.

  • The job responsibilities shall also include the monitoring of the bank branch. This will include financial activities, performing audits, reviewing the reports, and managing cash levels.

  • The assistant manager must maintain high standards of customer service such that the customers gain.

shape Salary

Salary and Allowances:
The salary of a assistant manager at Canara Bank shall lie between INR 23000 to 43000. The amount of salary differs across places because the house rent and the conveyance charges shall differ across the place of posting.
The main components of the salary shall comprise of:
Component Amount (in INR)
Basic Salary Component Starting 31705
Dearness Allowance Present rate 45.5%
Special Pay 7.75%
Dearness Allowance (on the special pay above the rate) 45.5% of the special pay
House Rent Allowance (depending upon the location of posting) 6.5 to 8.5% OR 7000 to 21000
Conveyance (depending upon the location of posting) 35 to 45 litres of petrol
Perks like cleaning, subscription, etc. Shall vary.

shape Benefits

Additional Benefits:
  • Maternity and paternity leave:
  • A leave of six months and 15 days is granted to an assistant manager after the birth of their child.
  • Vacation and paid time:
  • An assistant manager are liable for 50 days paid leave in a year.
  • Sick leave:
  • The leaves are sufficient enough to cover in a year.
  • Retirement benefits:
  • Canara Bank grants its assistant managers retirement and insurance benefits depending upon the post at which they shall retire.
  • Growth prospects:
  • The first promotion of an assistant manager takes place after 2 to 3 years of uninterrupted service. The assistant manager is promoted to the middle Management Grade Scale II Officer depending upon the hard work and sincerity. However, the promotions are quick as compared to other banks.