Canara Bank Chennai Probationary Officer Salaries by 4 Employees

1 - 2 years exp.

₹6.5 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% more than the average Probationary Officer Salary in Banking Companies for 1 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading Probationary Officer Salary 2 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹10 L/yr
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Finance & Accounting Probationary Officer Salary 1 year exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.6 L/yr

Last Updated: 25 Sep 2024

Companies similar to Canara Bank for Probationary Officer in Chennai

Canara Bank Probationary Officer Salary

1 - 2 years exp. (4 salaries)

₹6.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Probationary Officer Salary 1 - 4 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 28% more
ICICI Bank Probationary Officer Salary 0 - 5 years exp. (5 salaries)	₹2 L/yr - ₹4 L/yr 60% less
Login to view exact salary
Muthoot Finance Probationary Officer Salary 0 - 4 years exp. (31 salaries)	₹2 L/yr - ₹3.5 L/yr 68% less	22 job openings
Federal Bank Probationary Officer Salary 0 - 3 years exp. (12 salaries)	₹7.3 L/yr - ₹15.5 L/yr 46% more
The Muthoot Group Probationary Officer Salary 0 - 3 years exp. (8 salaries)	₹1.5 L/yr - ₹2.6 L/yr 73% less

Probationary Officer salary at Canara Bank ranges between ₹6.5 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Probationary Officer salaries in Chennai

Last Updated: 25 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
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2 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Canara Bank

Officer Salary

(13 salaries)

₹7.2 L/yr - ₹12 L/yr

Chief Manager Salary

(6 salaries)

₹13.5 L/yr - ₹26 L/yr

Assistant General Manager Salary

(3 salaries)

₹18 L/yr - ₹35.76 L/yr

Salary related reviews for Canara Bank

Accountant in Bangalore / Bengaluru

Finance & Accounting Department

1.0

• posted on 30 Jun 2022

1.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Salary - Bad

+6 more

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

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

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Canara Bank Probationary Officer Salary FAQs

What is the salary of Probationary Officer at Canara Bank in Chennai?

The average salary of a Probationary Officer at Canara Bank in Chennai typically ranges from ₹6.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Probationary Officer in Chennai at Canara Bank earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Probationary Officer 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 4 Canara Bank employees in India.

What is the estimated take home salary of a Probationary Officer at Canara Bank in Chennai?

The estimated take-home salary of a Probationary Officer at Canara Bank in Chennai typically ranges from ₹62,223 to ₹63,803 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 2 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 4 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 Probationary Officer in India?

Federal Bank	₹7.3 Lakhs to ₹15.5 Lakhs per year
State Bank of India	₹7.0 Lakhs to ₹13.0 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 Probationary Officer in companies similar to Canara Bank in Chennai?

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

ICICI Bank	₹2.0 Lakhs to ₹4.0 Lakhs per year
Muthoot Finance	₹2.0 Lakhs to ₹3.5 Lakhs per year
The Muthoot Group	₹1.5 Lakhs to ₹2.6 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 Probationary Officer at Canara Bank in Chennai?

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

Experience	Average Salary Range
1 year	₹7.1 Lakhs to ₹9.1 Lakhs per year
2 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Canara Bank Probationary Officer Salaries in Chennai

Canara Bank Probationary Officer salary in Chennai ranges between ₹6.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Canara Bank latest salaries received from various employees of Canara Bank.