I completed my studies and want to build my career in banking line decided to join the Canara Bank want some details. Can you provide me details what the Canara Bank Clerk Working Hours along with pay scale also tell what other benefits and allowances provided to them?

Clerks will be paid according to the New IBPS Clerk Salary Structure Now

Canara Bank Clerk Working Hours:

work hours are not fixed but probably it was from 9 to 7.

Clerk salary:

Clerk Grade New pay Scale

Existing Basic Pay Rs. 11765 – 31540/-
Revised Basic Pay Rs. 30000 – 68900/-
Annual Increment 1500/3 – 1900/8 – 2400/8

Other benefits:

Increments:

After completion of the 1 year service you will an increment of Rs. 400/- and Rs. 500 increment in 2nd year. In next three years you can avail these increments accordingly.

DA (Dearness Allowances):

DA is called Dearness allowances which are revised quarterly for every three months which is based on CPI (Consumer Price Index )declared by the banks. It will be done on quarterly basis like “Jan, Feb, March”, “April, May, June”, “July, Aug, Sep”, “Oct, Nov, Dec”.

HRA (House Rent Allowance):

House Rent Allowance will be allotted according to the place of posting such as 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.

Leased Accommodation:

Those, who are appointed as clerk through IBPS, will be admissible for Leased Accommodation from recruiting banks.

Traveling Allowance:

Some banks also offer Traveling Allowance to the Clerks. These allowances are based on the distance between the work place and home.

Medical Aid:

All banks pay Medical Allowances to the Clerks per year. It is around Rs. 2000/- per year and for serious issue, employees can also get other medical benefits.