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Canara Bank Apprentice Salary 2024, Salary in hand

Canara Bank Apprentice Salary 2024 and Job Profile has been discussed in this article. Check Canara Bank Apprentice Salary 2024, Job Profile, In Hand Salary Structure, Allowances & other benefits.
authorImageAnanya Gupta20 Sept, 2024
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Canara Bank Apprentice Salary 2024

Canara Bank Apprentice Salary 2024: In 2024 candidates selected for the Canara Bank apprenticeship will receive a monthly stipend of ₹15,000 during their one-year training period. This stipend is intended to help apprentices manage their living expenses while they gain valuable experience in the banking sector. Of the total stipend, ₹10,500 will be provided directly by Canara Bank, while the government contributes ₹4,500. This structured financial support enables apprentices to focus on their training and development, preparing them for future opportunities within the banking industry. In this article we will discuss about the  Canara Bank Apprentice Salary 2024 in detail.

Canara Bank Apprentice Salary 2024

The Canara Bank Apprentice Salary 2024 is an important consideration for candidates looking to join the bank as apprentices. The salary structure is competitive, offering a monthly stipend of ₹15,000, which includes contributions from both Canara Bank and the government. While apprentices do not receive additional allowances, the stipend is designed to assist them in covering their living expenses during the training period. In addition to the salary, apprentices have the opportunity to gain hands-on experience and develop skills essential for a career in banking. This combination of financial support and practical training makes the Canara Bank apprenticeship a valuable opportunity for those aspiring to build a future in the banking sector.

Canara Bank Apprentice Salary 2024 Overview

Canara Bank apprenticeship salary structure has been designed to support selected candidates during their training period. Here are the overview of the Canara Bank Apprentice Salary 2024:
Canara Bank Apprentice Salary 2024 Overview
Category Details
Exam Conducting Body Canara Bank
Post Name Apprenticeship
Canara Bank Salary Per Month ₹15,000
Allowances No additional allowances provided

Canara Bank of India Apprentice Salary Structure 2024

The Canara Bank salary structure for apprentices is uniform across different branch types. Below is the detailed stipend information:
Type of Branch Stipend
Rural/Semi-Urban Branches ₹15,000
Urban Branches ₹15,000
Metro Branches ₹15,000
All selected apprentices will receive a monthly stipend of ₹15,000, regardless of the branch location.

Canara Bank Apprenticeship In-Hand Salary

The in-hand salary for apprentices at Canara Bank will be ₹15,000 per month. This amount is fixed, and apart from this stipend, selected candidates will not receive any additional perks or allowances during their apprenticeship period.

Canara Bank of India Apprentice Job Profile

Candidates selected as apprentices at Canara Bank will be expected to perform various roles and responsibilities assigned by their supervisors. Key responsibilities include:
  • Providing customer support and assisting with after-sales services.
  • Handling various administrative tasks related to marketing, sales, and bank operations.
  • Gaining practical experience in daily banking functions and contributing to the overall efficiency of the branch.

Canara Bank of India: On Job Training

During the apprenticeship period at Canara Bank, selected candidates will undergo comprehensive on-the-job training designed for clerical staff. This training is important for developing practical skills and understanding the day-to-day operations of the bank. The training officially begins on the date specified in the apprenticeship contract and lasts for a total of 12 months. If an apprentice fails to report to the designated training venue on the start date, the apprenticeship contract may be terminated. At the end of the training period, apprentices will be assessed through both theoretical and practical evaluations. The theoretical assessment will be conducted by the BFSI Sector Skill Council of India, while practical evaluations will be handled by the bank itself. Successful candidates will receive an apprenticeship certificate, jointly issued by Canara Bank and the BFSI SSC, recognizing their training and skills acquired during this period. This structured training program not only enhances the apprentices' banking knowledge but also prepares them for future opportunities in the financial sector.

Canara Bank of India Apprentice: Leaves, Holidays and Overtime

Apprentices at Canara Bank are entitled to the holidays observed by the bank. Below are the details regarding the leave, holiday and overtime policies for apprentices:
  • Apprentices will earn one casual leave for each month of their apprenticeship. No other types of leave are available.
  • They may take a maximum of four casual leaves at one time. Any accumulated leave will be forfeited upon termination or completion of the contract.
  • The daily training hours will align with those applicable to the bank's clerical staff.
  • Apprentices are neither required nor permitted to work overtime during their training period.

Canara Bank Apprentice Salary 2024 FAQs

What is the monthly stipend for Canara Bank apprentices?

The monthly stipend for Canara Bank apprentices is ₹15,000.

Are there any allowances provided to apprentices?

No, apprentices do not receive any additional allowances apart from the monthly stipend.

How long is the Canara apprenticeship training period?

The apprenticeship training period lasts for 12 months.

What is included in the stipend from Canara Bank?

The ₹15,000 stipend includes contributions from both Canara Bank and the government, with ₹10,500 from the bank and ₹4,500 from the government.

Is the stipend the same for all branches?

Yes, the stipend remains consistent across all types of branches, including rural, semi-urban, urban, and metro branches.
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