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:
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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.
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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
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3 |
Base 24 Administrator |
- Achieving security improvements
- Should work as Base 24 administrator
- Configure the tandem server
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4 |
BI Specialist |
- Developing queries/scripts to meet reporting requirements
- Designing & Developing reports in multiple formats, including Scorecards, Dashboards, etc
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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
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6 |
Cost Accountant |
- Undertake break-even studies and cost-benefit analysis for Bank’s services, products, and various business lines
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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
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8 |
Data Analyst |
- Acquiring knowledge w.r.t Macros, VBA to handle large data
- Analysis and inputs for data-driven decision making
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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
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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.
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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
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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.
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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
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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.
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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
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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.
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17 |
Middleware Administrator |
- Security according to the current situation
- Maintenance and Administration of Middleware
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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
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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
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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
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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
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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
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Candidates can also check the Bank Employee Salary range for other posts in the banking sector in the linked article.
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: 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:
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.
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.