Can anyone share me the information about what are other major allowances payable on monthly basis as part of the salary to Syndicate Bank PO, as I was planning to apply for the post of PO at Syndicate Bank?

The Syndicate Bank is one of the oldest and major commercial Bank. It was started with the name as Canara Industrial and Banking Syndicate Limited. Syndicate Bank pays impressive salary packages to its employees.

Probationary Officer is a starting level post of any officer in a bank. So candidates will have kept under approx 1 to 2 years of probation period it also called a training period. In which they learn basic and essential duties of a PO in the bank.

PO Pay Scale in Syndicate Bank

PO Pay Scale at Joining Time in India:

Pay scale Major A class cities :Metro Cities Other places in Area I(State Capitals etc) Other places(District level and Rural Places)
Basic Salary Rs.14500.00 Rs. 14500.00 Rs.14500.00
Dearness Allowance (110.10%) Rs. 15964.50 Rs. 15964.50 Rs. 15964.50
CCA(4% max Rs.540=) Rs. 540.00 Rs.375.00 nil
HRA (Major A class cities – 8.5%, Other places in Area I -7.5%, Other places – 6.5%) Rs.1232.50 Rs.1087.50 Rs.942.50
Total Rs. 32237.00 Rs. 31927.00 Rs. 31407.00
Add 15 % increase in pay slip as per new settlement which is expected to be implemented from June 2015(w.e.f. Nov 2012) Rs.4835.00 Rs.4789.00 Rs.4711.00
Gr Total Rs. 37,072.00 Rs. 36,716.00 Rs. 36,118.00
and other perks & facilities and other perks & facilities and other perks & facilities

Syndicate Bank PO Salary and Allowances





IBPS PO 6 Salary details:

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance –
Total (without HRA) 36570.38
HRA 2133.00
Gross with HRA 38703.38
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52