Canara Bank Software Engineer Salaries by 8 Employees (Updated 2025)

2 - 4 years exp.

₹3.4 Lakhs - ₹4.8 Lakhs

Low Confidence

Salary of majority employees

54% less than the average Software Engineer Salary in Banking Companies for 2 - 4 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Salary 2 - 4 years exp. (4 salaries)	₹3.7 L/yr - ₹4.1 L/yr
IT & Information Security Software Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
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Sales & Business Development Software Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.1 L/yr

Last Updated: 5 Mar 2025

Companies similar to Canara Bank for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Bank of America Software Engineer Salary 1 - 12 years exp. (1.1k salaries)	₹6.6 L/yr - ₹27.5 L/yr 316% more
NatWest Group Software Engineer Salary 0 - 12 years exp. (1k salaries)	₹8 L/yr - ₹28 L/yr 373% more
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Barclays Software Engineer Salary 0 - 7 years exp. (251 salaries)	₹8.1 L/yr - ₹24.5 L/yr 344% more
Standard Chartered Software Engineer Salary 0 - 7 years exp. (141 salaries)	₹6.1 L/yr - ₹25 L/yr 259% more
Deutsche Bank Software Engineer Salary 0 - 6 years exp. (132 salaries)	₹9 L/yr - ₹32 L/yr 378% more
HDFC Bank Software Engineer Salary 1 - 12 years exp. (97 salaries)	₹4.7 L/yr - ₹18.6 L/yr 198% more
ICICI Bank Software Engineer Salary 0 - 5 years exp. (80 salaries)	₹2.9 L/yr - ₹11.7 L/yr 95% more
Axis Bank Software Engineer Salary 0 - 5 years exp. (66 salaries)	₹2.3 L/yr - ₹10.3 L/yr 71% more
RBL Bank Software Engineer Salary 1 - 9 years exp. (60 salaries)	₹4.7 L/yr - ₹16 L/yr 193% more	2 job openings
NatWest Markets Software Engineer Salary 0 - 10 years exp. (52 salaries)	₹8 L/yr - ₹24 L/yr 298% more
IDFC FIRST Bank Software Engineer Salary 0 - 5 years exp. (45 salaries)	₹4 L/yr - ₹16.2 L/yr 151% more
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Kotak Mahindra Bank Software Engineer Salary 2 - 7 years exp. (38 salaries)	₹12.6 L/yr - ₹23 L/yr 261% more
AU Small Finance Bank Software Engineer Salary 0 - 5 years exp. (35 salaries)	₹3.8 L/yr - ₹15.8 L/yr 143% more
Royal Bank of Scotland International Software Engineer Salary 2 - 8 years exp. (32 salaries)	₹8.1 L/yr - ₹19.2 L/yr 297% more
Yes Bank Software Engineer Salary 0 - 6 years exp. (22 salaries)	₹2.6 L/yr - ₹9.4 L/yr 32% more
IndusInd Bank Software Engineer Salary 1 - 6 years exp. (15 salaries)	₹3.5 L/yr - ₹9.8 L/yr 109% more
IDBI Bank Software Engineer Salary 2 - 3 years exp. (10 salaries)	₹5.1 L/yr - ₹16 L/yr 143% more
State Bank of India Software Engineer Salary 0 - 4 years exp. (10 salaries)	₹9 L/yr - ₹15 L/yr 170% more
Bandhan Bank Software Engineer Salary 2 - 5 years exp. (7 salaries)	₹1 L/yr - ₹8.6 L/yr 51% more
Bank of Baroda Software Engineer Salary 0 - 4 years exp. (7 salaries)	₹9.9 L/yr - ₹18.2 L/yr 224% more

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Software Engineer salary at Canara Bank ranges between ₹3.4 Lakhs to ₹4.8 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 8 latest salaries received from various employees of Canara Bank.

Experience wise Canara Bank Software Engineer salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.4 L/yr - ₹4.1 L/yr
3 years (4 salaries)	₹3.4 L/yr - ₹4.8 L/yr
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4 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.4 L/yr

Similar Designation salaries in Canara Bank

Senior Engineer Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

System Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹3 L/yr

Senior Software Engineer Salary

(3 salaries)

₹6 L/yr - ₹18.6 L/yr

Software Developer Salary

(4 salaries)

₹3 L/yr - ₹12.5 L/yr

Team Lead Salary

(4 salaries)

₹2.5 L/yr - ₹5 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹9.1 L/yr - ₹11.6 L/yr

Senior Software Developer Salary

(AmbitionBox Estimate)

₹17.2 L/yr - ₹22 L/yr

Plsql Developer Salary

(4 salaries)

₹5.2 L/yr - ₹13 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹27 L/yr - ₹34.5 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Salary related reviews for Canara Bank

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

Senior Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

Salary is good

Skill development - Good

+1 more

Dislikes

Transfers are almost every 2 year and that too pan India. Work culture is toxic. No work life balance. No respect for seniority. It's suffocating. Frequent transfers are loose-loose situation for Employees, customers (No connect with staff) and Bank( Heavy overhead transfer expenses)

Work satisfaction - Bad

+2 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Canara Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at Canara Bank ?

The average salary of a Software Engineer at Canara Bank in India typically ranges from ₹3.4 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Software Engineer at Canara Bank earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Software Engineer 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 8 Canara Bank employees in India.

What is the estimated take home salary of a Software Engineer at Canara Bank in India?

The estimated take-home salary of a Software Engineer at Canara Bank in India typically ranges from ₹28,801 to ₹30,183 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 2 years to 4 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 8 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 Software Engineer in India?

Sberbank Branch in India	₹33.0 Lakhs to ₹72.7 Lakhs per year
Deutsche Bank	₹9.0 Lakhs to ₹32.0 Lakhs per year
NatWest Group	₹8.0 Lakhs to ₹28.0 Lakhs per year
Barclays Investment Bank	₹13.2 Lakhs to ₹22.0 Lakhs per year
Barclays	₹8.1 Lakhs to ₹24.5 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 Software Engineer in companies similar to Canara Bank in India?

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

Bank of America	₹6.6 Lakhs to ₹27.5 Lakhs per year
NatWest Markets	₹8.0 Lakhs to ₹24.0 Lakhs per year
Royal Bank of Scotland International	₹8.1 Lakhs to ₹19.2 Lakhs per year
Kotak Mahindra Bank	₹12.6 Lakhs to ₹23.0 Lakhs per year
Standard Chartered	₹6.1 Lakhs to ₹25.0 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 Software Engineer at Canara Bank in India?

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

Experience	Average Salary Range
2 years	₹3.4 Lakhs to ₹4.1 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.8 Lakhs per year
4 years	₹4.0 Lakhs to ₹7.4 Lakhs per year

and so on.

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Canara Bank Software Engineer Salaries

Canara Bank Software Engineer salary in India ranges between ₹3.4 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Canara Bank latest salaries received from various employees of Canara Bank.