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  #2  
February 9th, 2016, 06:17 PM
Super Moderator
 
Join Date: Mar 2012
Re: Perks of Canara Bank PO

Hello buddy as we have information about salary and perk available to
Canara bank PO as follows

PSU banks salary followed by job guarantee and life time pension facility,
where private banks paying more but there are 25 % employee retrenchment
every year and no one is reaching at pension provision.

SCALES of Canara 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/-@

@including 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/-

DEARNESS ALLOWANCE

For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.

CITY COMPENSATARY 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

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.


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