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Canara Bank Exam FAQ

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Canara Bank Exam FAQ

Canara Bank Exam FAQ

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Banking sector offers one of the most lucrative careers in any country. Canara Bank Exam FAQ lists some of the frequently asked questions by the aspirants of banking sector recruitments.

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1. What is the monthly salary of a Canara Bank’s assistant manager including perks and allowances?
Introduction :
  • Founded in 1969, the Canara Bank got nationalized 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 an Assistant Manager is an eventful journey characterized by several milestones.
  • Headquartered in Bengaluru, it is one of the largest public sector banks in India.
    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.

  • Salary and Allowances :
    The salary of an 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:

    The salary slip of an assistant manager at Canara Bank will look like*:

    *The salary slip belongs to an assistant manager posted at Canara Bank’s Mumbai Branch. The pay shall differ across different posting locations.
    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 is 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.

  • For details about CANARA BANK (CNRB) visit Canara Bank Introduction.
    1. What is the qualification for a canara bank PO?
    Canara Bank is considered to be one of the largest public sector banks in India. Those who want to be part of this banking sector, Canara Bank PO is a tremendous opportunity for the applicants. The vacancies of the Canara Bank PO is around 800 and many people are trying to achieve this position with their hard work.
    If you are the one who is looking forward in establishing their career in Canara bank. So, they can check the eligibility criteria for appearing in the exam. The eligibility criteria are based upon the following terms:
    a) Age Limit
  • For General Category, the applicants should be a minimum age of 21 years and maximum age of 30 years is eligible to appear in the examination.

  • For OBC, the age relaxation is for 3 years.

  • For SC/ST, the age relaxation is for 5 years.

  • For ex-servicemen, the age relaxation is for 5 years.

  • For PWD, the age relaxation is for 10 years.

  • b) Educational Qualification
  • The applicant should have at least graduation degree with a minimum of 60 percent (55% for category reservation that includes OBC/ST/SC/PWD) from any University that should be recognized by the Government of India or any such other degree by the Central Government

  • The candidate can operate or work on the computer system, or acquire the knowledge six months before joining the bank.

  • Every applicant should be well versed in Hindi, or acquire before the completing probationary period.

  • c) Nationality
  • Should be an Indian citizen

  • Can be subject to Nepal or Bhutan

  • Or a Tibetan Refugee who settled in India before 1st January 1962

  • Or a person of Indian Origin from Pakistan, Sri Lanka, East African, Tanzania, Uganda, Zaire, Vietnam, Burma, Ethiopia, Zambia.

  • If you qualify all the eligibility criteria, then you can appear in the examination. If you need any help with the syllabus and other tricks on any subject of a competitive exam, then check out SPLessons.