Canara Bank Credit Officer Salaries by 10+ Employees (Updated 2024)

6 - 10 years exp.

₹8 Lakhs - ₹16 Lakhs

Salary of majority employees

220% more than the average Credit Officer Salary in Banking Companies for 6 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 6 - 10 years exp. (6 salaries)	₹8.5 L/yr - ₹16 L/yr
Finance & Accounting Credit Officer Salary 7 - 9 years exp. (4 salaries)	₹8 L/yr - ₹15 L/yr
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Administration & Facilities Credit Officer Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹28.8 L/yr

Last Updated: 17 Oct 2024

Companies similar to Canara Bank for Credit Officer

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Officer Salary 2 - 10 years exp. (41 salaries)	₹7.4 L/yr - ₹17 L/yr 7% more
Bank of Baroda Credit Officer Salary 4 - 12 years exp. (127 salaries)	₹6 L/yr - ₹18 L/yr 16% more
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Punjab National Bank Credit Officer Salary 1 - 4 years exp. (4 salaries)	₹5.3 L/yr - ₹12 L/yr 11% less
Axis Bank Credit Officer Salary 0 - 6 years exp. (181 salaries)	₹1.2 L/yr - ₹6.5 L/yr 69% less
HDFC Bank Credit Officer Salary 1 - 8 years exp. (345 salaries)	₹1.3 L/yr - ₹4 L/yr 77% less
ICICI Bank Credit Officer Salary 0 - 8 years exp. (115 salaries)	₹1.2 L/yr - ₹4.7 L/yr 77% less
Kotak Mahindra Bank Credit Officer Salary 0 - 6 years exp. (106 salaries)	₹1.5 L/yr - ₹4.5 L/yr 77% less
IndusInd Bank Credit Officer Salary 1 - 9 years exp. (129 salaries)	₹1.5 L/yr - ₹4 L/yr 76% less
Yes Bank Credit Officer Salary 2 - 7 years exp. (47 salaries)	₹1.5 L/yr - ₹4.3 L/yr 73% less
Federal Bank Credit Officer Salary 0 - 10 years exp. (24 salaries)	₹5.8 L/yr - ₹16 L/yr 5% less
AU Small Finance Bank Credit Officer Salary 0 - 6 years exp. (283 salaries)	₹1.4 L/yr - ₹4 L/yr 76% less
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RBL Bank Credit Officer Salary 0 - 8 years exp. (184 salaries)	₹1.4 L/yr - ₹4.4 L/yr 75% less
Bank of India Credit Officer Salary 2 - 7 years exp. (64 salaries)	₹4.8 L/yr - ₹13.5 L/yr 12% less
IDFC FIRST Bank Credit Officer Salary 0 - 6 years exp. (41 salaries)	₹2.1 L/yr - ₹4 L/yr 76% less
Bandhan Bank Credit Officer Salary 0 - 6 years exp. (37 salaries)	₹1.3 L/yr - ₹5 L/yr 75% less
NatWest Group Credit Officer Salary 0 - 10 years exp. (22 salaries)	₹7.8 L/yr - ₹20.8 L/yr 36% more
Union Bank of India Credit Officer Salary 2 - 13 years exp. (18 salaries)	₹6.5 L/yr - ₹19.5 L/yr 13% more
IDBI Bank Credit Officer Salary 0 - 8 years exp. (17 salaries)	₹7 L/yr - ₹18 L/yr 15% more
Standard Chartered Credit Officer Salary 1 - 7 years exp. (16 salaries)	₹1.8 L/yr - ₹4 L/yr 77% less
Central Bank of India Credit Officer Salary 0 - 6 years exp. (10 salaries)	₹13.2 L/yr - ₹21.5 L/yr 28% more

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Credit Officer salary at Canara Bank ranges between ₹8 Lakhs to ₹16 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 13 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Credit Officer salaries

Last Updated: 17 Oct 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹20 L/yr
7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12.5 L/yr
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8 years (4 salaries)	₹8.5 L/yr - ₹20.7 L/yr
9 years (5 salaries)	₹8 L/yr - ₹15 L/yr
10 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹16 L/yr

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Salary related reviews for Canara Bank

3.6

Rated by 11 employees for salary & benefits

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.

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

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.

Officer in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 May 2023

4.0

for Salary and Benefits

Likes

Good in-hand salary even for a newly joined Officer Perquisites / Allowances

Dislikes

Forget work-life balance Too much pressure not only from the top management but also from some useless lower & middle management people at Regional Offices & Circle Offices. They are working at the administrative offices just because they have godfathers or the management felt they are not fit to work in branches. Transfer policies do not apply for such people. The management really buries the talented people by transferring them to branches that are performing terribly. Such staff are just like troubleshooters and repairers for the top management. The hard-workers keep working hard. That's it. No proper recognition. Only people who know buttering technique get timely promotions, transfers near their home / administrative offices etc. Moreover after the merger of Canara & Syndicate Banks, the working condition became really pathetic. Thank God!! I came out of it at the right time. That too after serving for 5 years. Absolutely there was no regard for an employee who worked for 5 years in the organization. Only harassment.

Officer in Coimbatore

BFSI, Investments & Trading Department

3.0

• posted on 21 May 2022

4.0

for Salary and Benefits

Likes

Salary is good. Decent number of leaves If all the procedures in place are properly followed, can be a good organization

Dislikes

Promotion is purely based on office politics Lot of power play Leaves though available, taking them is very difficult. HR policies are not in favour of employees and bank should consider establishing a separate HR wing that doesn't come under the powers of normal management that takes care of business.

Credit Manager in Meerut

BFSI, Investments & Trading Department

4.0

• posted on 24 Oct 2018

4.0

for Salary and Benefits

Likes

Conducive work culture, lot of opportunities to grow, reputation in the society and good salary as well.

Dislikes

Transfers are prominent in all nationalised banks. So always be ready to relocate though you learn your environment wherever we go.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Canara Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Canara Bank?

Credit Officer salary at Canara Bank in India ranges between ₹8.0 Lakhs to ₹16.0 Lakhs for experience between 6 years to 10 years. According to our estimates it is 220% more than the average Credit Officer Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Canara Bank India.

How does the salary of a Credit Officer at Canara Bank India compare with the average salary range for this job?

The average salary of a Credit Officer at Canara Bank is 220% more than the average salary of a Credit Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Canara Bank to a Credit Officer in India?

NatWest Group Credit Officer Salary - ₹7.8 Lakhs to ₹20.8 Lakhs per year
Central Bank of India Credit Officer Salary - ₹13.2 Lakhs to ₹21.5 Lakhs per year
Bank of Baroda Credit Officer Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year
IDBI Bank Credit Officer Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India Credit Officer Salary - ₹6.5 Lakhs to ₹19.5 Lakhs per year

What is the salary of a Credit Officer in companies similar to Canara Bank in India?

State Bank of India Credit Officer Salary - ₹7.4 Lakhs to ₹17.0 Lakhs per year
Federal Bank Credit Officer Salary - ₹5.8 Lakhs to ₹16.0 Lakhs per year
Deutsche Bank Credit Officer Salary - ₹4.6 Lakhs to ₹12.3 Lakhs per year
Punjab National Bank Credit Officer Salary - ₹5.3 Lakhs to ₹12.0 Lakhs per year
Bank of India Credit Officer Salary - ₹4.8 Lakhs to ₹13.5 Lakhs per year

What is the estimated take home salary of a Credit Officer at Canara Bank in India?

The estimated take-home salary of a Credit Officer at Canara Bank ranges between ₹81,891 per month to ₹84,027 per month in India. The take-home salary calculation is based on the average Canara Bank Credit Officer salary in India which ranges between ₹8.0 Lakhs to ₹16.0 Lakhs per year for employees with experience between 6 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at Canara Bank?

According to AmbitionBox, 81% of the Canara Bank Credit Officers reported a notice period of 3 Months, 9% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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Canara Bank Credit Officer Salaries

Canara Bank Credit Officer salary in India ranges between ₹8 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Canara Bank latest salaries received from various employees of Canara Bank.