Canara Bank Business Correspondent Salaries by 10+ Employees

1 - 6 years exp.

₹1.2 Lakh - ₹5.2 Lakhs

Salary of majority employees

9% more than the average Business Correspondent Salary in Banking Companies for 1 - 6 years of experience

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Last Updated: 23 Nov 2024

Companies similar to Canara Bank for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
State Bank of India Business Correspondent Salary 1 - 12 years exp. (34 salaries)	₹1.3 L/yr - ₹4 L/yr 4% less
Bank of Baroda Business Correspondent Salary 2 - 10 years exp. (20 salaries)	₹1.7 L/yr - ₹4.2 L/yr 18% less
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Bank of India Business Correspondent Salary 0 - 10 years exp. (12 salaries)	₹1 L/yr - ₹4.5 L/yr 7% less
Central Bank of India Business Correspondent Salary 0 - 6 years exp. (9 salaries)	₹1.5 L/yr - ₹3 L/yr 19% less
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹3.6 L/yr 16% less
Punjab National Bank Business Correspondent Salary 2 - 13 years exp. (6 salaries)	₹1.5 L/yr - ₹2.5 L/yr 28% less
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 26% less
IndusInd Bank Business Correspondent Salary 2 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 6% less
ICICI Bank Business Correspondent Salary 0 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹3.5 L/yr 2% less
Union Bank of India Business Correspondent Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹3.3 L/yr 28% less
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 1% more
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Business Correspondent salary at Canara Bank ranges between ₹1.2 Lakh to ₹5.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 12 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Business Correspondent salaries

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹5 L/yr
2 years (3 salaries)	₹1.2 L/yr - ₹2.8 L/yr
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3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.2 L/yr
5 years (3 salaries)	₹2 L/yr - ₹5.2 L/yr
6 years (3 salaries)	₹2 L/yr - ₹5.2 L/yr

View all

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Salary related reviews for Canara Bank

2.5

Rated by 4 employees for salary & benefits

Branch Manager in Baghpat

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Sep 2024

1.0

for Salary and Benefits

Likes

PSB salary on time

Dislikes

The worst bank for any employee. No proper infrastructure but wants 100 percent output.Accute staff shortage leading to higher customer dissatisfaction. No work life balance. Not good for Hindi speaking people.

Salary - Bad

+6 more

Branch Manager

Finance & Accounting Department

4.0

• posted on 23 Mar 2019

4.0

for Salary and Benefits

Likes

...security.good carrier growth opportunity. best training programmes are provided.good salary. friendly working environment with latest technology up gradation.

Salary - Good

+5 more

Dislikes

work pressure is very high. no working time limit for officers

Chief Manager in Ernakulam

Full Time

Other Department

3.0

• posted on 18 Jan 2025

4.0

for Salary and Benefits

Likes

Salary is good now due to bipartite settlements . Now new PLI is also introduced by Finance Ministry for levels above executive cadre

Salary - Good

+2 more

Dislikes

Work culture is too bad. Looks good ONLY from outside. Those who don't care of their ego , self esteem , family life, health can still enjoy working here by listening anything from their Management.

Work satisfaction - Poor

+2 more

Officer in Bhopal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 24 Oct 2024

4.0

for Salary and Benefits

Likes

Working in PSB is satisfied in point of job security and also good salary package.

Salary - Good

+3 more

Dislikes

Learning process is slow because only single officer handel all type of branch work like loan assessment MSME loan Retail loan agriculture loan SMA follow up NPA management etc

Manager LAW in Patna

Full Time

Legal & Regulatory Department

1.0

• posted on 29 Sep 2024

5.0

for Salary and Benefits

Likes

Salary and perks

Salary - Excellent

+1 more

Dislikes

Timing Management approch towards specialist officer Structural changes Poor profile charges Unofficial calls for working on weekends without any comoff Late sitting culture. Poor HR. Handing over work which is not related to profile. Unnecessary calls from higher office and putting pressure to do things which are not correct as per policy. Urealestic targets. No fixed office time.

Skill development - Poor

+3 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Canara Bank Business Correspondent Salary FAQs

What is the salary of Business Correspondent at Canara Bank ?

The average salary of a Business Correspondent at Canara Bank in India typically ranges from ₹1.2 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Business Correspondent at Canara Bank earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Business Correspondent Salaries at Canara Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Canara Bank employees in India.

What is the estimated take home salary of a Business Correspondent at Canara Bank in India?

The estimated take-home salary of a Business Correspondent at Canara Bank in India typically ranges from ₹20,603 to ₹22,257 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 1 year to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Canara Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Canara Bank for Business Correspondent in India?

IDFC FIRST Bank

₹2.1 Lakhs to ₹4.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Canara Bank, depending on the role and experience level.

What is the salary of a Business Correspondent in companies similar to Canara Bank in India?

The salary of a Business Correspondent at companies similar to Canara Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹2.4 Lakhs to ₹3.5 Lakhs per year
State Bank of India	₹1.3 Lakhs to ₹4.0 Lakhs per year
IndusInd Bank	₹2.5 Lakhs to ₹3.0 Lakhs per year
Bank of India	₹1.0 Lakhs to ₹4.5 Lakhs per year
HDFC Bank	₹1.9 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Business Correspondent at Canara Bank in India?

The salary growth for a Business Correspondent at Canara Bank depends on factors such as experience, performance, and promotions. On average, a Business Correspondent can expect the following growth trajectory at Canara Bank:

Experience	Average Salary Range
1 year	₹2.5 Lakhs to ₹5.0 Lakhs per year
2 years	₹1.2 Lakhs to ₹2.8 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.5 Lakhs to ₹5.2 Lakhs per year

and so on.

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Canara Bank Business Correspondent Salaries

Canara Bank Business Correspondent salary in India ranges between ₹1.2 Lakh to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Canara Bank latest salaries received from various employees of Canara Bank.