Canara Bank Specialist Officers (PO): Allowances, Salary And Job Description

The position of Specialist Officer at Canara Bank is indeed very desirable, and every year thousands of applicants apply to sit for the Preliminary and Main exams to fill vacant positions. Those who wish to apply for Canara Bank’s recruitment of Specialist Officers must know about the salary offered. To learn more about the Canara Bank SO Exam, visit the linked article.

The salary of a Canara Bank Specialist Officer is a little bit higher than that of a probationary officer. Therefore, we will give you all the information you need here about the Canara Bank Specialist Officer (SO) salary, pay scale, job profile, growth prospects, incentives, raises, etc.

Learn about the Canara Bank PO Salary & Job Profile, in the linked article.

Candidates preparing for the upcoming Bank PO exam 2023 must regularly check the latest notifications and important dates for the recruitment process for various Banks. For more related links for the preparation of the Bank Exams visit the following links:

Canara Bank SO Exam: Overview

Canara Bank SO Exam: Overview
Name of the Organisation  Canara Bank 
Name of the Exam  Canara Bank SO Recruitment 
Posts Name  Specialist Officers 
Qualification Different for different posts
Age Limit 20 to 35 years, vary for different posts
Vacancies  To be announced
Exam Dates  To be announced
Begining of the Application Process To be announced

Candidates who are interested in applying for the Canara Bank SO exams, must check the Canara Bank SO Eligibility Criteria in the linked article.

Canara Bank SO: Job Profile

Candidates interested in this exam are drawn to it by the appealing aspects of Canara Bank SO Salary and Job Profile. Canara Bank SO releases 220-250 vacant positions for JMGS-I, MMGS-II (manager) and MMGS-III (senior management) scale every year.

The responsibilities of the Canara Bank SO are very specific to the post one is recruited for. For the convenience of candidates, each of the Canara Bank SO Job Responsibilities for each post for recruitment is described in the table below.

S.No. Job Profile Roles and Responsibility
1 Antivirus Administrator
  • Troubleshooting, monitoring, and deployment for Antimalware, HIPS, etc
  • Antivirus server configuration.
2 Backup Administrator
  • Flexibility of Backup
  • Acquiring knowledge of different kinds of RDBMS
  • Backup software tools capacity planning.
  • Backup restoration and readability as required by bank policy
  • Management of backup configurations of different operating systems such as Linux, Windows, Unix, etc
  • Configuration of backup appliance/ tape library/ backup software
  • Installation, configuration and administration of the backups utilising backup software as required by the Bank
3 Base 24 Administrator
  • Achieving security improvements
  • Should work as Base 24 administrator
  • Configure the tandem server
4 BI Specialist
  • Developing queries/scripts to meet reporting requirements
  • Designing & Developing reports in multiple formats, including Scorecards, Dashboards, etc
5 Chartered Accountant
  • Preparation of financial soundness indicator (FSI), SRS, QIS, CPR, data pertaining to Balance Sheet
  • Prepare five-year and quarterly projections for the Capital plan of the Bank.  
  • Preparation of CFS (Consolidated Financial Statement), CRAR and Leverage Ratio,  Filing of Tranche ROR ALE returns, all adhering to BASEL norms (Consolidated).  Banking Group return.
  • Filing of XBRL returns for, Leverage ratio, RCA III, and BS analysis
  • Monitoring capital adequacy of the Bank for augmenting the same
  • Computation of Leverage Ratio and CRAR adhering to the BASEL norms
  • Computation and preparation of the Bank’s investment portfolio. Undertake Re-computation as required under Ind AS like EIR, staff cost, etc., with taking the effect of post-MOC.
  • To make accurate computations as required under Ind AS like staff cost, EIR, etc.
  • Collection of data from various Wings for preparation of Ind AS financial statements as per RBI prescribed formats
  • Evaluation of rehabilitation proposals/Adhoc facilities/ restructuring any other type of business or general proposal pertaining to the unit. Conducting the due diligence on credit proposals assigned.
  • Monitoring and tracking relevant improvements in the industries/ activities in which the borrowers have interests/ borrowers operate
  • Maintaining  Turn Around Time for processing new/ existing proposals
  • Assisting the Branches to achieve income & advance targets
6 Cost Accountant
  • Undertake break-even studies and cost-benefit analysis for Bank’s services, products, and various business lines
7 Cyber Forensic Analyst
  • Work in shifts and all areas of IT, security, and cybersecurity.
  • Preparation of forensic documentation, reporting, etc
  • Making policies, SOPs and guidelines for saving evidence, the chain of custody, etc
  • Conducting Forensic analysis of cybersecurity incidents, SOC forensic analysis
8 Data Analyst
  • Acquiring knowledge w.r.t Macros, VBA to handle large data
  • Analysis and inputs for data-driven decision making
9 Data Mining Experts
  • Implement model, do validation and utility check, model deployment, summarization and visualisation
  • Device model framework and choose the modelling technique
  • Map and evaluate the solution envisioning of the Data Mining architecture
  • Business Requirement to conceptualize the Data Mining model
10 Database Administrator
  • Installation/ Configuration/Administration of Oracle Enterprise Manager and integrating of RDBMS into OEM
  • Implementation of all the new features w.r.t the databases
  • Performance Tuning etc
  • Purging, troubleshooting, backup, archiving, reorganization of the database;
  • Application of database patches and hardening of the databases
  • Configuration of DR (Standby’s) databases, maintenance of data guard/log shipping configurations
  • Cluster Configurations (RAC, Active-Passive Clustering) w.r.t Databases.
  • Oracle / SQL SERVER RDBMS Database Administration
  • Installation, configuration, and administration of databases as per the requirement of the Bank
  • Oracle parameters defining. 
  • Oracle Real Application clusters and any change data capture solutions knowledge acquisition
  • Maintaining clearing problems in the Database and Generation of DBA Report.
11 Developer/ Programmers
  • Implementation of security improvements by assessment of the current situation
  • Acquiring knowledge of Oracle, MS SQL, and other significant databases
  • Using Java Technology for development
12 Ethical Hackers & Penetration Testers
  • Conducting red teaming, ethical hacking assessments, VAPT, Dynamic Application Security Testing, Identifying security risks in the Bank’s systems and providing remedial measures, validation of assessments, etc
  • Work in shifts and all areas of IT, security, and cybersecurity.
13 Extract, Transform & Load (ETL) Specialist
  • Outline approaches for data staging, data collection, analytics delivery, data movement, data archiving, and data quality
  • Designing of ETL architecture, data flow, and drawing template for general business rules
14 Information Security Analyst
  • Work in shifts and all areas of IT, security, and cybersecurity.
  • Review of IT projects in terms of information security, preparing controls for security in various platforms like virtualization, Cloud, etc.
  • Review of coding practices etc.
  • IT Risk assessment and mitigation, along with new cybersecurity solutions. 
15 Manager – Law
  • Death Claims Processing
  • Examination of loan-associated documents.
  • Determining acceptability of the title to the immovable properties offered as security
  • Offer a legal opinion.
  • Operational functionaries in understanding and mitigating the legal risk in negotiations, deals, projects, contracts, etc., and in the conduct of litigations, including attending the quasi-judicial forum /judicial/ whenever deemed necessary.
  • Submission of opinions on different legal issues, vetting, drafting, and negotiating deeds, agreements, contracts, documents or Bank Guarantees
16 Manager-Finance
  • Tracking and monitoring important developments in the industries/ activities in which the borrowers operate/ have interests.
  • Adhering to Turn Around Time for processing New/ Existing proposals.
  • Assisting Branches in achieving Income & advance targets
  • Analysis & appraisal of credit proposals, including Adhoc facilities/ restructuring/rehabilitation proposals/ any other type of business or general proposal pertaining to the unit and carrying out of Due diligence on credit proposals assigned.
17 Middleware Administrator
  • Security according to the current situation
  • Maintenance and Administration of Middleware
18 Network Administrator
  • Implementation of Network Admission Control (NAC)
  • Drawing up specifications for procurement of Network devices, such as routers
  • In routing using Border Gateway Protocol(BGP)
  • Acquiring knowledge of HP Open View etc
  • Adding and maintenance of Network Equipment and Network
  • Liaisoning with the telecom service providing company/agency
  • Routing and switching
  • Troubleshooting, network administration, and network monitoring
19 OFSAA Administrator & OFSS Techno-Functional
  • Design and develop a software component within the OFSAA platform
  • Data modelling using ERWIN
  • Securing OFSAA high availability, application backup, and cloning, etc
20 SOC Analyst
  • Writing and Scripting for threat hunting
  • Identify suspicious binaries, identify traits, C2, and develop a network and host-based IOCs
  • Perform reverse engineering on malware as needed to support investigation and analysis
  • Analysis of logs, root cause analysis,  monitoring of security solutions of SOC, alerts and incident management, troubleshooting, back up maintenance, health status checkup of SOC, DR drill of SOC, and version upgradation
21 Storage Administrator
  • All work-related to storage
  • Zoning of SAN devices
  • Monitoring of storage and Capacity planning
  • Disk allocation, reclamation along with day to day operation
22 System Administrator
  • Project Management for CBS/Network.
  • Patch management 
  • Configuration management of Linux/Windows etc.
  • All system administration responsibilities w.r.t Windows/Linux Systems of all versions
  • Monitoring, maintenance, management, and administration of hardware and software

Candidates can also check the Bank Employee Salary range for other posts in the banking sector in the linked article.

Government Exam 2023

Canara Bank SO: Promotions and Career Growth

There are more opportunities for career advancement at Canara Bank for SO. Candidates working as Canara Bank SOs will regularly be promoted, and their pay will also increase. There are four categories into which the promotion order of Canara Bank SO is divided: 

Management level Scale Name of post
Junior management Scale 1 Officer/Assistant manager
Middle management Scale 3 Senior manager
Scale 2 Manager
Senior management Scale 5 Assistant general manager
Scale 4 Chief manager
Top management Scale 7 General manager
Scale 6 Deputy general manager

Related Links:

Canara Bank SO Admit Card Canara Bank SO Exam Date
Canara Bank SO Books Canara Bank SO Exam Pattern
Canara Bank SO Notification Canara Bank SO Result

Canara Bank SO: Probation Period & Bond

The candidates are required to sign a bond to accept a minimum duration of service when they join following final selection. Before transitioning easily to the position’s primary duties, candidates must complete a probationary term. The following table lists the probation and bond terms:

Scale Bond Probation period

(Active Service)

Minimum service period Amount
JMGS-I Two years INR 1 Lakh + GST 2 years
MMGS-II Three years INR 1 Lakh + GST 1 year
MMGS-III Three years INR 1 Lakh + GST 1 year

Aspirants can also check the detailed SBI PO salary structure at the linked article. Given below are a few other SBI PO related links for your reference:

SBI PO Apply Online SBI PO Recruitment
SBI PO Cut Off SBI PO Admit Card
SBI PO Eligibility SBI PO Result
SBI PO notification SBI PO Exam

Canara Bank SO: Salary Structure

Canara Bank offers good salary for all available positions. The basic pay, together with Dearness Allowance, House Rent Allowance, CCA, Medical Aid, Leave Fare Concession, etc., and Perquisites like Conveyance, Furniture, etc., as per the banking rules depending on the role, would be given to the chosen candidates for the positions.

The various Canara Bank SO Job Scales is assigned different salary structures. All information regarding pay scales is provided below. The Canara Bank SO Salary Slip also includes information about the Canara Bank SO Salary Structure.

Canada Bank SO Salary Structure
Name of the Post Salary
JMGS-1 Rs 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020
MMGS-II  Rs 31705 – 1145/1 – 32850 – 1310/10 – 45950 
MMGS-III Rs 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020

Learn about the total number of Canara Bank SO Vacancy, in the linked article.

Canara Bank SO: Allowances & Benefits

Allowances such as the DA (dearness allowance), HRA (home rent allowance), CCA (compensatory city allowance), medical support and leave fare concession, as well as perks like furniture and transportation, are dependent on the location of the posting and are paid in accordance with bank policies. The following table shows the allowances and benefits of the Canara bank SO:

Canara Bank SO: Allowances
Category Amount
Home Rent Allowance (HRA) 7 to 9% of the basic salary
Dearness Allowance 36% of the basic salary
Provident fund (PF) contributions  Rs 3000 to 5000
CCA 0, 3, or 4% of the basic salary depending upon the grade of the residence city
Special allowances 7.75% of the basic salary

In order to prepare for the ‘Test of English’ and ‘Latest Developments in Banking Industry’, candidates can refer to the link on Canara bank Specialist Officer Exam Books.

There are other government exams that also have a great designation, career, and salary.

We hope the above information was helpful and helped the aspirants in clearing their doubts. For more information about eligibility, age, vacancies, study material etc for any other government exam, follow BYJU’S.

Candidates who are preparing for other bank exams can go through the links given below.

Related Articles
IOB SO Exam RBI Grade B Books IBPS PO Preparation
IBPS RRB PO IBPS RRB Clerk IBPS RRB PO Mains Exam Analysis
Static GK Online Bank Exam Quiz RBI Assistant

Frequently Asked Questions about Canara Bank SO Salary

Q1

Q1. What happens if an SO does not perform at work?

Ans. Employee services may be terminated if they failed to meet the minimum Scale-I (JMGS-I) work requirements set forth by the Bank.
Q2

Q2. What are the different classifications of cities where Canara bank SO incomes vary?

Ans: Metro Cities, State Capitals, District Level and Rural Areas are the categories used to categorise the various Indian cities.
Q3

Q3. Is the pay structure of Canara bank SO permanent, or is it subject to change in the future?

Ans. Canara Bank reserves the right to modify the Canara Bank SO Salary Structure at any time and without prior notice.