Canara Bank Credit Officer Salaries by 10+ Employees (Updated 2025)

7 - 12 years exp.

₹8 Lakhs - ₹19.5 Lakhs

Salary of majority employees

269% more than the average Credit Officer Salary in Banking Companies for 7 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 8 - 12 years exp. (8 salaries)	₹8.5 L/yr - ₹19.5 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 - ₹15.6 L/yr

Last Updated: 6 Jan 2025

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. (40 salaries)	₹7.3 L/yr - ₹17 L/yr 8% less
Bank of Baroda Credit Officer Salary 4 - 12 years exp. (135 salaries)	₹6 L/yr - ₹24 L/yr 1% more
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Punjab National Bank Credit Officer Salary 1 - 4 years exp. (4 salaries)	₹5.3 L/yr - ₹12 L/yr 22% less
Axis Bank Credit Officer Salary 0 - 6 years exp. (179 salaries)	₹1.2 L/yr - ₹6.7 L/yr 73% less
HDFC Bank Credit Officer Salary 1 - 8 years exp. (332 salaries)	₹1.3 L/yr - ₹3.9 L/yr 80% less
ICICI Bank Credit Officer Salary 0 - 8 years exp. (107 salaries)	₹1.2 L/yr - ₹4.7 L/yr 80% less
Kotak Mahindra Bank Credit Officer Salary 0 - 6 years exp. (104 salaries)	₹1.5 L/yr - ₹4.7 L/yr 80% less
IndusInd Bank Credit Officer Salary 0 - 9 years exp. (133 salaries)	₹1.2 L/yr - ₹4.2 L/yr 80% less
Yes Bank Credit Officer Salary 2 - 10 years exp. (48 salaries)	₹1.9 L/yr - ₹4 L/yr 79% less
Federal Bank Credit Officer Salary 0 - 6 years exp. (22 salaries)	₹5.2 L/yr - ₹16 L/yr 18% less
AU Small Finance Bank Credit Officer Salary 0 - 6 years exp. (278 salaries)	₹1.4 L/yr - ₹4 L/yr 79% less
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RBL Bank Credit Officer Salary 0 - 8 years exp. (179 salaries)	₹1.4 L/yr - ₹4.4 L/yr 78% less
Bank of India Credit Officer Salary 2 - 7 years exp. (62 salaries)	₹4.8 L/yr - ₹14 L/yr 24% less
IDFC FIRST Bank Credit Officer Salary 0 - 6 years exp. (41 salaries)	₹2.1 L/yr - ₹4 L/yr 79% less
Bandhan Bank Credit Officer Salary 0 - 6 years exp. (38 salaries)	₹1.3 L/yr - ₹5 L/yr 77% less
NatWest Group Credit Officer Salary 0 - 10 years exp. (22 salaries)	₹7.8 L/yr - ₹20.8 L/yr 18% more
IDBI Bank Credit Officer Salary 0 - 14 years exp. (20 salaries)	₹7 L/yr - ₹20 L/yr 8% more
Union Bank of India Credit Officer Salary 2 - 13 years exp. (18 salaries)	₹6.5 L/yr - ₹19.5 L/yr 6% less
Standard Chartered Credit Officer Salary 1 - 7 years exp. (16 salaries)	₹1.8 L/yr - ₹4 L/yr 80% less
Central Bank of India Credit Officer Salary 0 - 6 years exp. (10 salaries)	₹13.4 L/yr - ₹21.5 L/yr 12% more

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Credit Officer salary at Canara Bank ranges between ₹8 Lakhs to ₹19.5 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 16 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Credit Officer salaries

Last Updated: 6 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹12.5 L/yr
8 years (4 salaries)	₹8.5 L/yr - ₹22.4 L/yr
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9 years (5 salaries)	₹8 L/yr - ₹15 L/yr
10 years (3 salaries)	₹5.4 L/yr - ₹16 L/yr
11 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹14.5 L/yr
12 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹19.5 L/yr

View all

Similar Designation salaries in Canara Bank

Credit Manager Salary

(34 salaries)

₹11.05 L/yr - ₹25 L/yr

Sales Officer Salary

(3 salaries)

₹3 L/yr - ₹3.4 L/yr

Credit Analyst Salary

(12 salaries)

₹10.5 L/yr - ₹24 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Officer Salary

(198 salaries)

₹5.05 L/yr - ₹17 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Branch Manager Salary

(140 salaries)

₹6 L/yr - ₹21 L/yr

Deputy Manager Salary

(3 salaries)

₹8 L/yr - ₹17.55 L/yr

Chief Manager Salary

(152 salaries)

₹12 L/yr - ₹45 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

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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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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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 ₹19.5 Lakhs for experience between 7 years to 12 years. According to our estimates it is 269% more than the average Credit Officer Salary in India. Salary estimates are based on 16 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 269% 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 - ₹13.4 Lakhs to ₹21.5 Lakhs per year
IDBI Bank Credit Officer Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
Bank of Baroda Credit Officer Salary - ₹6.0 Lakhs to ₹24.0 Lakhs per year

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

Union Bank of India Credit Officer Salary - ₹6.5 Lakhs to ₹19.5 Lakhs per year
State Bank of India Credit Officer Salary - ₹7.3 Lakhs to ₹17.0 Lakhs per year
Federal Bank Credit Officer Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year
Punjab National Bank Credit Officer Salary - ₹5.3 Lakhs to ₹12.0 Lakhs per year
Deutsche Bank Credit Officer Salary - ₹4.6 Lakhs to ₹17.9 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 ₹93,297 per month to ₹95,802 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 ₹19.5 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 82% 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 22 responses on AmbitionBox in last 2 years.

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Canara Bank Credit Officer Salaries by Location

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Canara Bank Credit Officer Salaries

Canara Bank Credit Officer salary in India ranges between ₹8 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Canara Bank latest salaries received from various employees of Canara Bank.