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THE CANARA BANK OFFICERS’ ASSOCIATION (Regd)
Registered under Trade Unions Act, 1926 at Mumbai. (Affiliated to AIBOC & AINBOF)
CENTRAL OFFICE
CHENNAI OFFICE:
402-406, 4TH Floor,
216, Royapettah High Road,
Himalaya House, P.B.No.262,
Opp. Deccan Hotel,
79, Mata Ramabai Ambedkar Marg, FORT,
Royapettah,
Mumbai : 400 001
Chennai-600014
Tel: 2261 7872, 2270 5750,22692083
Off: 0612-2320856
Fax : 2261 8306, Gram: CIBIOA
Fax: 2223383
E-mail : cboabom1@hotmail.com
E-mail: cboachennai@yahoo.in
cboa@vsnl.net

BE PROUD
THE CANARA BANK OFFICERS' ASSOCIATION (CBOA) is in existence since 1966 and is the only
Recognized Association representing Officers. As on 31.03.2018, 25700 Officers upto Scale III and
1200 Executives all over India have enrolled themselves as members of this Great Organisation, THE
CANARA BANK OFFICERS’ ASSOCIATION.

IT IS THE CBOA that is affiliated to AIBOC, the largest National Organisation of Officers with absolute
majority in Banks and representing 95% of the Officers in the Banking Industry. It is the second
largest Association in AIBOC.

IT IS THE CBOA that holds periodical Joint Conferences with the Bank Management to lay down
policies on promotion, transfers and other service matters of interest concerning the Officers
community. It has successfully completed 203 Joint Conferences with the Bank.

IT IS THE CBOA that demanded and achieved the reduction in Rate of interest for Staff loans &
declaration of more number of vacancies in Scale promotions.

IT IS THE CBOA that has no political alignment

IT IS THE CBOA that has a Service Unit called ‘CANPAL’ for serving the society & our Bank.

IT IS THE CBOA that has sponsored and created a Thrift Society at Chennai and a Welfare Fund at
Mumbai, granting death relief to members besides assistance to its members on Hospitalisation.

IT IS THE CBOA, that has been publishing “FRIEND & GUIDE”, "LIGHT CIRCLE” “Empower 2015”,
Promotion Study Materials and systematic coaching classes / mock interview sessions at all the
important centres all over India for the benefit of members / non-members.

Y(our) CBOA has completed 5 decades of its existence and the Golden Jubilee of our CBOA was
celebrated throughout the country in 2016. It continues its unending crusade for securing more lasting
facilities for all the Officers in Canara Bank.

‘Be proud to be a member of Canara Bank Officers’ Association’

 Bank begins on 1st July as the Canara Hindu Permanent Fund Ltd, at 75 A, Dongerkery
1906
Street, Mangalore. Sri Ammembal Subba Rao Pai appointed President of the Fund
1907 The Profit & Loss Account shows a net Profit of Rs.2420/-(for first 9 months)
1909 Sri Ammembal Subba Rao Pai (the bank’s Founder) passes away on 25 July
The Canara Hindu Permanent Fund Ltd, reconstituted and renamed as ‘The Canara
1910
Bank Ltd’
1942 Deposits reach the rupee Crore mark
Bank’s new Administrative Office building at 112, J C Road, Bangalore inaugurated by
1963 Sri Jayachamarajendra Wodeyar, Maharaja of Mysore.
1969 Fourteen major banks in the country, including Canara Bank, nationalized on 19 July
1970 The Canara Bank Officers’ Association recognized
1977 Aggregate deposits crossed the Rs.1,000 crore mark
2006 Core Banking solution rolled out at Frazer Town branch, Bangalore on 20.3.2006
Tremendous growth in our Bank even after 9000 employees went on SVRS in 2001
Mar 2001 Bank’s total global business was Rs 86,900 crore
Mar 2002 Bank’s total global business was Rs 97,156 crore
Mar 2003 Bank crossed the Rs.1,00,000 crore mark in global business (actual Rs 1,12,565
crore)
Bank crossed the Rs.2,00,000 crore mark in global business (actual Rs 2,22,886
Mar 2007
crore)
Bank crossed the Rs.3,00,000 crore mark in global business (actual Rs 3,25,112
Mar 2009
crore)
Bank crossed the Rs.4,00,000 crore mark in global business (actual Rs 4,03,986
Mar 2010
crore)
Bank crossed the Rs.5,00,000 crore mark in global business (actual Rs 5,04,705
Mar 2011
crore)
Bank crossed the Rs.6,00,000 crore mark in global business (actual Rs 5,98,003
Mar 2013
crore)
Bank crossed the Rs.7,00,000 crore mark in global business (actual Rs 7,21,790
Mar 2014
crore)
Bank crossed the Rs.8,00,000 crore mark in global business (actual Rs 8,03,876
Mar 2015
crore)
Mar 2016 Bank’s total global business was Rs 8,04,507 crore
Mar 2017 Bank’s total global business was Rs 8,37,284 crore
Mar 2018 Bank’s total global business was Rs 9,06,475 crore

SEVERAL MEMORABLE MILESTONES

a) In June 2006, the Bank completed a century of operation in the Indian banking
industry.
b) One among the Top 500 Banks at the international level.
c) A Premier position in the comity of Indian banks.

As on 31.03.2018
No of Domestic branches = 6204; Overseas branches = 8
No of Clientele a/cs = 8.27 crore
Our Bank has incurred Net Loss in 2016 & 2018 due to high provisioning to NPA a/c
 CBOA WELFARE SCHEMES
BENEVOLENT FUND
The CBOA has formulated a Scheme to extend financial help to the family members of an
Officer who dies in harness and also to involve the members in creating a ‘corpus’ in order to
give a reasonable amount to the dependents of the deceased members.

Every member shall pay a sum of Rs.100/- (Rupees one hundred only) per month as
‘Contribution to the Fund’. In the case of ‘death in harness’ of a member a sum of Rs.4,50,000/-
(Rupees four lakhs fifty thousand only) shall be paid to the nominee/s of the member from the
corpus of the Fund.

DEATH RELIEF SCHEME

Under this scheme, an amount of Rs.50,000/- is being paid to the spouse or in their absence to
1st Son / Daughter of the member who died in harness.

HOSPITALISATION SCHEME
In case of major operation or hospitalization for a long duration, an amount not exceeding Rs
50,000/-shall be reimbursed under this scheme to a member on account of hospitalisation of
self, spouse and children besides normal reimbursement of Medical Expenses by the Bank.

HONOURING RETIRED MEMBERS

a. A suitable memento worth Rs. 5000/- shall be given to all the officers retiring on
superannuation irrespective of the tenure of their membership in the association.

b. In case of any member who is demitting his office on VRS/ Resignation the memento
shall be given as follows:-

1. An officer who is the member of the association for a period of 5 years and above
shall be given a memento worth Rs. 5000/-

2. Any officer who is the member of the association for a period of 2 year and
above but below 5 years shall be given a memento worth Rs. 2500/-

Important websites
Canara Bank Officers’ Association www.cboa.co.in
CBOA Promotion materials www.canpalquest.com
Light Circle www.lightcircle.org
All India Bank Officers Confederation www.aiboc.org
Canara Bank www.canarabank.com
Reserve Bank of India www.rbi.org.in
Indian Banks Association www.iba.org.in
Ministry of Finance, Govt of India www.finmin.nic.in
 OBJECTIVE:

Dedicating ourselves to our Bank to excel in every business parameter as a voluntary service
to our Bank.

MEMBERS:

Any officer of Canara Bank retired as well as serving prepared to work towards the objective
of CANPAL voluntarily.

ORGANIZATIONAL SETUP:

Every village, town and city can organize their respective units name after CANPAL with
village name to be monitored and guided by the Central Office of CANPAL Chennai.

ACTIVITIES:
1. Identifying potential resources among the members.
2. Collecting and complying the data base consisting of businessmen. Bureaucrats and
educationilists etc., known to our workforce who can contribute business to the Bank.
3. Assisting the branches in designing branch specific strategies to approach the business
with objectivity, through analyzing data.
4. Assisting branches in excelling in business through organizing visits and camps.
5. Existing social assisstance through activity specific task force to bail out the branches
facing temporary crisis related to inspection, documentation and legal etc.
6. Organizing area specific educative camps on banking related subjects utilizing the services
of experts among CANPAL

Cover Photo:

Central Committee Meeting held at Madurai on 21st

and 22nd April 2018

A GUIDE TO PROBATIONARY OFFICERS - 2018

A Publication of CBOA, Madurai Region
Compiled By: Designed by:
Mr. V Ramaraj Mr. Giljith M
Editor, Friend & Guide Asst Regional Secretary,
CBOA, Madurai CBOA Malappuram Region
UNPARALLEL ACHIEVEMENTS OF CBOA
Realistic Revision in Rental Ceiling for quarters (HO Cir 340/2015)

It is the CBOA which demanded & achieved the best rental ceiling for the quarters
provided to the Officer employees w.e.f. 01.07.2015 which is not prevailing anywhere in
the entire Indian Banking Industry

New Furniture Scheme – Historical Achievement (HO Cir 303/2013):

Because of the efforts taken by CBOA, the new Furniture Scheme has been introduced
for providing furniture / fixtures to the Officers w.e.f. 24.06.2013:

Scale Monetary Ceiling / limit

JMGS I Rs.100000.00
MMGS II & III Rs.175000.00

It is introduced in the Bank for the first time after 107 years its existence. It is a
historical & Himalayan achievement of CBOA.

Introduction of ‘Policy on Staff Accountability’ to safe guard Officers:

The ‘Policy on Staff Accountability’ has been made only in our Bank in the entire
industry. The entire credit goes to our beloved organization ‘CBOA’. The main aim of the
Accountability policy is not to discourage exercise of initiative and decision making.

Informing the Annual Confidential Assessment Report (APAR) rating:

Due to the efforts taken by CBOA & AIBOC, the APAR rating will not be confidential and
it will be informed to individual officers from 2013 onwards.

Enhancement in limit & relaxations in eligibility norms etc in Employees’ Housing

Loan scheme:
 Eligible after 2 years of service.
 Limit = Rs 50.00 Lacs; ROI= 8% (Simple); Margin 10%;
 Eligible to buy 2nd unit; NTH= 25%; Repayment= 30 years;
 Both are eligible when husband & wife are our employees.
 Continuation of liability after retirement upto 75 years of age.

Further Relaxations in HL (HO Cir 485/2017)

 The Facility Substitution of Property is permitted for two times
 Maximum Repayment period can be 30 years or the period upto employee
attaining 75 years of age whichever is lower.
Increase in limit & relaxations in eligibility norms etc in Employees’ Car Loan
scheme:

 Eligible after 6 months of service; Limit: Rs 10.00 Lacs;

 Margin= 10%; ROI= Ongoing base rate till confirmation & 7% (Simple) after
confirmation; Repayment= 180 months; NTH= 35%
 Condition of minimum gap of 4 years between two loans, is removed.
 Both two wheeler & four wheeler can be availed at a time.

Further Relaxations in Car Loans (HO Cir 479/2017):

Continuation of limits/liabilities under car loan at concessional Rate of Interest is

permitted for a period of 10 years (120 months) from the date of cessation of the
service or the ex employee attainting the age of 70 years whichever is earlier (HO Cir
479/2017)

Increase in limit & relaxations in eligibility norms etc in Employees’ Two Wheeler
Loan:

 Eligible immediately on joining the Bank; Limit: Rs 1.00 Lac;

 Margin= 10%; ROI= 7.5% & 8.5% (Simple);
 Repayment= 84 months; NTH= 25%

Upward revision in reimbursement of monthly conveyance expenses (HO Cir

96/2012):

Till 28.02.2012, the P Os got reimbursed of conveyance expenses upto Rs 100 p.m. for
Metro & Rs 75/- p.m. for other places respectively. We took the matter in the Joint
Conference and made the limit as Rs 1000/- p.m. for Metro / Area I & Rs 800/- p.m. for
other areas.

Further, the confirmed Officers were earlier eligible for reimbursement of lump sum
only till crossing the Basic Pay of Rs 31,705/-. Now, our organisation has helped the
Probationary Officers to get fuel reimbursement at petrol limits (instead of lump sum)
w.e.f. 01.03.2012 immediately after their confirmation without crossing the Basic Pay of
Rs 31,705/-

Now, reimbursement Conveyance expenses can be claimed on declaration basis

(HO Cir 471/2017)

Achievements in Rental ceiling:

 Noida, Gaziabad & Gurgoan are treated at par with Delhi for quarters rent.
 Special rental ceiling has been fixed for the entire state of Goa.
 Rental Ceiling for the bachelor accommodation in North Eastern Region
increased
Allotment of surplus vacant bank owned quarters to officers’ who are posted to
other places in order to facilitate them to retain their family either for education or
treatment purposes at the transferor place.

 Increased Promotional opportunities within short span

 Introduction of BDE to Probationary Officers / Managers / Senior Managers
 Upward revision in Business Development Expenses to Branch Heads
 Special Vehicle Loan Scheme for Probationary Officers (HO Cir 434/2013)
 POs are eligible for Car loan after 6 months of & Housing loan after 2 years
service
 Extension of Reimbursement of Business Development Expenditure to POs
 Extending the Packing expenses facility to POs during probationary period
 More number of holiday homes opened by the Bank at various centres
 Opening of CBOA’s holiday home at Chennai, Trivandrum, Kolkata, Coimbatore,
Amritsar
 Redesignation of Rural Officers as AEOs
 Newspaper subscription during Probationary period & no ceiling on subscription
 Removal of Basic Pay restriction for availing car loan
 Providing transit quarters in all the cities
 Assured Home state transfer after three years
 Introduction of Cleaning expenses facility
 Providing Laptops & Mobile sets to all Branch Heads:
 Extension of mobile phone facility to Section heads/ Inspection/Marketing
 Opportunity to the retired officers for Audit
 Increase in Staff Meeting expenditure
 Revision in reimbursement of JAIIB/CAIIB exam fees & cost of study material
 Upward revision in LFC Encashment amount
 Lodging / Hostel / PG Accommodation for POs during Prob Period (HO Cir
340/2015)

Cleaning expenses to Personal lease quarters also (HO Cir 560/2014):

The facility of reimbursement of expenses incurred towards purchase of cleaning
materials as enumerated in HO Cir.No.128/2010 da t e d 07.04.2010 to the Officer
Employees who have been permitted to stay in quarters on personal lease basis also.
Now, reimbursement Cleaning expenses can be claimed on declaration basis (HO
Cir 471/2017)

Conversion of Marketing Officers on contract basis: It is the CBOA converted all

Marketing Officers on contract basis to permanent officers of Canara Bank. It is an
unprecedent in the Indian Banking Industry

Home State Transfers in 2018:

In response to our representation, the Bank has released the communication this year in
time permitting the Officers to opt for request transfers to Home State on completion of
3 years.
Revision in LFC Encashment amount: In response to our request, the LFC encashment
amount has been revised as mentioned below on account of revision in Railway Fare:-
For Scale I / II / III Rs 8,720/- per person and for Scale IV / V / VI / VII Rs 17,400/- Per
person

Revision in reimbursement of JAIIB/CAIIB exam fees: The Bank has acceded to our
demand and the reimbursement of JAIIB/CAIIB Exam Fees (50%) and cost of study
materials (100%) are revised as under: JAIIB: Exam Fees – Rs.1349, Study Materials-
Rs.1265 (Hindi), Rs.1095 (English) CAIIB: Exam Fees – Rs.1517, Study Materials-
Rs.1200- Rs.1350 The above will be reimbursed for those who pass t h e JAIIB / CAIIB
examinations in consecutive 2 attempts

Accessing Cannet from home through internet (HO Cir 289/2015): We have
demanded for the facility of accessing Cannet & HRMS from home through internet.
Now, our Bank has permitted the Officer employees to access Cannet from home
through internet.

Publishing guide for promotion test: It is the CBOA that has been publishing
promotion guides for JMG Scale I, MMG Scale II and III promotion from Chennai at
periodical intervals.

Conducting coaching classes for promotion: Systematic classes/mock interview

sessions at all the important centres all over India for the benefit of members/non-
member

Staff Welfare Measures 2017: Release of Staff welfare measures for the current year is
an unique achievement on the part of your CBOA in the sense that for the first time the
same was released by our benevolent top administration, on our specific request to
consider without relating to the net profit.

Improvements in SWF Loan Scheme:

Because of the efforts taken by the Trustee representing CBOA, SWF Management
Committee has agreed the following:
 Reduction in renewal periods of SWF loans from 12 months to 9 months at
the demand of CBOA.
 Earlier, Loan applied till 2nd (for 5th meeting) and 17th (for 20th meeting) were
considered. Now loan applied till 4th and 19th would be considered.
 Payment of Interest to the new members at par with the senior members
 Providing A/C to all the rooms at SWF Holiday Home in Bangalore.

Reimbursement of Mobile Bill:

All the Managers & Senior Managers who are not covered under the mobile charges
reimbursement Scheme to Branch in Charge / Section Head & others, are eligible.

Limit = Rs 500 per month

Facilities to Branch in Charge / Section Head:

For Scale I/II/III:

 Providing Laptop & Mobile Phone worth Rs 8,000
 Replacement of Mobile Phone after three years
 Facility to replace the mobile with lesser configuration before 3 years
 Reimbursement of Mobile Charges up to Rs 500 per month

Visiting Card Facility:

The Bank has introduced Visiting Card facility to all Scale I Officers upto 200 cards per
year, in addition to the Officials who are provided with Visiting Cards as per the existing
norms.

Providing Brief Case / Leather Bag to Officers:

Once in five years, the Officers are eligible for getting reimbursement of expenses for
buying Brief Case / Leather Bag as follows:
For Confirmed Scale I = Rs 1,500; For Confirmed Scale II & III = Rs 2,000

Flat Maintenance Expenses:

Reimbursement of expenses towards regular maintenance charges within the overall

rental ceiling permissible to officers in Scale I, II & III in case they are taking the flats on
rent w.e.f. 12.7.2016.

More number of vacancies declared for promotions in 2017: Scale 1 to 2 = 1400;

Scale 2 to 3= 650; Scale 3 to 4= 250

More number of vacancies declared for promotions in 2018: Scale 1 to 2 = 1700;

Scale 2 to 3= 700; Scale 3 to 4= 300

Reduction in Rate of Interest for Staff Loans is another great achievement of CBOA
 Brief history of cboa
THE FORMATION OF OFFICERS’ CLUB IN 1966:

A group of Officers in Mumbai (Then Bombay) came together and had series of
Meetings to work out a plan. In the initial stages, the Officers working at Mumbai came
together and formed the Officers' Club in 1966.

REGISTRATION OF CBOA IN 1970:

The Canara Bank Officers' Association was registered under Trade Union Act,1926 in
February,1970.

RECOGNITION BY THE MANAGEMENT:

Our CBOA was recognised by the Management in the year 1970

GOLDEN JUBILEE CELEBRATIONS (1966 -2016):

Our CBOA is not existing for 50 years but performing for 50 years. Our CBOA’s Golden
Jubilee was celebrated from January 2016 at Ten Zones throughout the country.

Opening of CBOA’s Guest Houses:

In commemoration of our Golden Jubilee, our CBOA takes efforts to open our own Guest
Houses at 10 important centres in the country besides our Guest Houses already at
Chennai, Kolkata & Trivandrum. CBOA’s Guest houses are opened at Coimbatore,
Amritsar & Gulbarga

200 Joint Conferences:

Our CBOA has successfully completed 200 Joint Conferences with the Management and
achieved lot of benefits for the Officers community. The 203rd Joint Conference was
held at Head Office on 26.06.2018.

Think Tank:

It is the CBOA formed the THINK TANK a structured body for the youth to suggest
innovative ideas to brave the emerging challenges.
Youth Conclaves:
It is the CBOA conducting YOUTH CONCLAVES in order to give due share in the
governance of the ASSOCIATION.

Leadership Development and Defence Workshop:

In order to develop the youngsters who are going to shoulder the Bank as well as our
Organisation in the days to come, Leadership Development and Defence Workshop are
being conducted throughout the country for the Officers below 35 years old.

CANPAL:
Canpal, a voluntary forum has been started by CBOA to involve the serving & retired
officers for the development of the bank in all the parameters.

Extending Support to Sukma martyrs:

On 24.04.2017, 25 CRPF Personnel were killed by naxals at Sukma District in

Chhattisgarh. Our General Secretary Sri G V Manimaran said, "25 CRPF Personnel
sacrificed their life for the nation & their loss is immeasurable and the Martyrs' families
suffer a lot. We are 25000 & if everyone contributes Rs 100/- each, we can help the
Martyrs’ families financially @ Rs one lakh per family". In response to the call of our G S,
25 Lakhs Rupees are voluntarily contributed by our members.

On 28.05.2017, Our General Secretary & other leaders along with our members
visited the 25 Martyrs’ houses at their native places from Shimla to Madurai, consoled
their family members & paid tributes to the Martyrs. 25 Sukma Martyrs are
remembered & respected. Financial assistance of Rs One Lakh each was given to the 25
Martyrs' families.

Proud to be an Indian Take pride of our CBOA

ESTD 1974 . Phone :044 28112454
. Telefax : 044 28113151

CANARA BANK OFFICERS’ COOPERATIVE THRIFT AND CREDIT SOCIETY LIMITED

No 216, Royapettah High Road, Royapettah, Chennai – 600 014
email: cboschennai@bsnl.in

It is managed by Canara Bank Officers’ Association for the welfare of the Officers community.
The Society welcomes all the Officers of Canara Bank to be its member and benefit from the
profits earned through its operations. The only condition is that the Officer should not be a
member of any other Coop Thrift & Credit Society.

 A DD for Rs 110/- in favour of the Society has to be sent (Rs 100/- towards value of 10
shares @ Rs 10 each & Rs 10/- towards enrolment fee) or transfer of Rs 110/- for the
credit of CBS Account 0938111015300 of Officers Thrift Society

Performance Highlights of the Society

1. Consitently securing coveted “A” Grade in inspection since inception in 1974.
2. Earning profit since beginning.
3. Declaring Dividend every year since inception.
4. No borrowing from Apex Bank, thus lending at lowest rate.
5. Instant sanction of loan.
6. Monthly Thrift deposit is Rs 400/- & Interest on Thrift Deposit is @ 7% p.a.
7. Dividend on Share capital @ 10% p.a.
8. Family Welfare Assistance – Rs 50,000/- (on death).
9. Air conditioned Guest Room facility at Chennai for Rs 500/- per day
10. A token of gesture up to Rs 5000/- will be given to the member who is withdrawing his
membership after his superannuation.
11. The share capital for Rs 2 lacs loan & Rs 1 lac loan will be Rs 40,000/- & Rs 20,000
respectively. Mutual surety is taken for Surety Loan.
Various loan Schemes for confirmed Officers & POs completed 6 months:
Scheme Loan amount Rate of Interest Repayment Renewal
Surety Confirmed Rs 2,50,000/- 10% p.a. 90 months Once in 6 months
Loan Pos Rs 1,00,000/- 10% p.a. 90 months Once in 6 months
Deposit Loan 90% of deposit 9% p.a. 60 months Once in 6 months
Gold loan Rs 1,00,000/- 9.5% p.a. 24 months
Festival Loan Rs 25,000/- 10% p.a. 25 months
Vehicle Loan Rs 50,000/- 48 months

Are you interested to become a member of our Thrift Society?

If yes, please log on to our website www.cboa.co.in & download the Membership Application Form,
enroll as a member and enjoy the facilities.

G V Manimaran,
President, Canara Bank Officers’ Cooperative Thrift And Credit Society Limited
 FACILITIES & PERQUISITES
TO PROBATIONARY OFFICERS
980 1145 1310
Scale of Pay 23700 30560 32850 42020
7 2 7
 Officers in Scale-I, 1 year after reaching the maximum in their
respective scale, shall be granted further increments including
stagnation increment(s) in the next higher scale subject to their
Automatic Movement &
crossing the efficiency bar as per guidelines of the Government.
Stagnation increment
Stagnation increments are payable on completion of 3 years after reaching
the maximum in Scale - II
 Max 4 stagnation increments
Increment accrues on an annual basis and shall be granted every year on the
Annual Increment
date mentioned in the Promotion proceedings.
Probation Two years. Confirmation test will be there.
Special Allowance 7.75% of Basic Pay + applicable DA thereon
 DA payable is linked to Consumer Price Index
Dearness Allowance  0.10% per slab over 4440 points (1 slab = 4 points)
 DA is revised on 1st Feb, May, Aug & Nov
Incentive / Increment for passing JAIIB & CAIIB after becoming an
Officer

One additional increment for passing JAIIB examination and one

additional increment for passing CAIIB examination are being granted in
Passing JAIIB / CAIIB the scale of pay to the Officer Employees from the date of declaration of
results.

The employees successfully complete JAIIB / CAIIB examinations within

two consecutive attempts, shall be eligible for reimbursement of 50 %
examination fee and also cost of study kit.

House Rent Allowance

Major Cities 9.00% of Pay
Area I 8.00% of Pay
House Rent Allowance Other Places 7.00% of Pay

 Minimum HRA on declaration basis

 150% HRA is payable on production of Rent Receipt
 150% HRA is payable on capital cost basis for occupation of own
house
TA - Mode of travel A/C 2 tier by train for travel while on duty or LFC
 Eligible to stay in Holiday Home with advance booking
 Rent per day Rs 30 / Rs 50 /Rs 60
 Dependents should accompany the concerned P O
Holiday Home Facility
 List of Holiday Homes with the addresses is available in Cannet
 On line booking facility is available in HRMS for Chennai & Bangalore
 Casual Leave (CL)
 Max: 12 days in a calendar year.
 During the first calendar year of service, Officer employees shall earn
CL on pro-rata basis @ one day for each completed month or part
thereof.
 CL cannot be combined with any other category of leave.
 CL cannot be availed for more than 4 days at a time. However, there
is no restriction as regards the total period of absence inclusive of
public and weekly holidays.

Unavailed Casual Leave (UCL)

 CL not availed in any calendar year will be credited to UCL.
 It may be availed as Sick Leave in the following 3 years.
 No medical certificate is required for one day UCL.

Privilege Leave (PL)

 Eligible for PL at the rate of 1 day for every 11 days of active service.
 Not more than 3 occasions in a calendar year.
 The credit of PL will be made on 1st day of the calendar year.
 It can be availed by giving 15 days’ notice
 It can be accumulated upto 270 days. But, upto 240 days PL only can
be encashed

Sick Leave (SL)

 30 days of SL on half pay for each completed year of service.
 Max 540 days. SL will be credited on 1st day of calendar year. SL on
half pay can be commuted.
 SL can be availed only on production of medical & fitness certificate.
Leave  During the first year of service SL on pro rata basis at the rate of 2.5
days on half pay for each completed month of service will be
permissible to the POs.

Additional Sick Leave (ASL)

 For every additional year of service after completion of 24 years,
Officers are eligible for ASL @ 30 days on half pay per year subject to
a maximum of 90 days. It can be commuted.

Special Sick Leave: Max 30 days for donation of Kidney or organ

Special Casual Leave is permissible for blood donation

Maternity Leave (ML)

 Female employees are eligible for Maternity Leave up to 6 months on
any one occasion and 12 months during entire service in the Bank.

Paternity leave
 Male Officers are eligible for 15 days Paternity leave for his wife’s
confinement
  During Probationary period, Probationary Officers are eligible for
shifting charges / Packing expenses @ Rs. 2,000/- per occasion on
declaration basis in connection with transfer.
Shifting charges /
 Confirmed officers are eligible for shifting charges / Packing
Packing expenses
expenses of Rs.15,000.00 on declaration basis towards packing /
loading / unloading / local transportation / transit insurance etc in
connection with transfer.
 Eligible for reimbursement of 90% of subscription on declaration
basis during Probationary period.
Newspaper
 No ceiling on subscription.
 Payable once in 3 months
 The Probationary Officers are eligible for reimbursement of BDE @
Business Development
Rs.3000.00 per annum during their probationary period.
Expenses (BDE)
 BDE limit for confirmed Scale I Officer is Rs 6000/- per annum.
 The Probationary Officers are eligible for Festival Advance on
confirmation.
Festival Advance  Festival advance limit is one month gross salary.
 Repayable in 10 equal monthly instalments.
 Interest free.
 It is being reimbursed every month to the Officer employees residing
Cleaning Expenses
in Bank owned quarters / Bank Leased quarters / Personal leased
(on declaration basis)
quarters
 The cleaning expenses limit for Scale I is Rs 300/- per month

Conveyance during probationary period whether owning vehicle or

not
Scale Metro Area I Area II Area III
I Rs.1000.00 Rs.1000.00 Rs.800.00 Rs.800.00
Monthly Conveyance Confirmed Officers not owning vehicle
Expenses
Scale Metro Area I Area II Area III
(on declaration basis)
I Rs.1000.00 Rs.1000.00 Rs.800.00 Rs.800.00
Confirmed Officers owning vehicle
Scale Metro Area I Area II Area III
I 45 Litres 40 Litres 35 Litres 35 Litres

Lodging w.e.f. 01.03.2008

Major Area I Others
Scale I 1600 1200 800

Lodging Expenses &

Halting allowances Halting Allowance w.e.f. 1.6.2015 Scale-I
Delhi, Mumbai, Kolkata, Chennai 1300
Other Major Cities 1100
Area I 950
Other Places 800
 Major Cities with more than 45 lakhs population:
Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad / Secunderabad,
Ahmedabad, Surat & Pune

All the cities are reclassified as per Census 2011. AIBOC’s Cir 55/2015 may
be referred.

N.B: Declaration to be given in HRMS package while claiming Boarding

Expenses

 8,000/- per annum. Payable for the calendar year.

 It can be accumulated for three years.
Medical Aid  Entitled for full amount i.e Rs.8000.00 for that calendar year
irrespective of date of joining even if the probationary officer joins
the bank on 31st December.

• The Scheme Covers Employee + Spouse + Dependent Children + 2

Hospitalisation
dependent Parents /parents-in-law.
Expenses - New
• No age limit for dependent children/ parents but their monthly
Medical Insurance
income does not exceed Rs. 10,000/- per month
Scheme
• Sum assured for Officers: Rs 4.00 lacs per annum

Half yearly closing An officer employee if posted at a branch where books are closed on 31st
Allowance Mar & 30th Sep, Closing allowance of Rs 250/- for each of the two closings

Altitude > 1000 mts but

2% of Pay – Max Rs 750/- p.m.
<1500mts
Hill & Fuel allowance Altitude > 1500 mts but
2.5% of Pay – Max Rs 1000/- pm
<3000mts
Altitude > 3000 mts 5% of Pay – Max Rs 2000/- p.m.

Project Area Allowance Project Area Centres in Group A Rs 400/- p.m.

Project Area Centres in Group B Rs 350/- p.m.
The Officers who joined the services of the Bank on or after 1st April, 2010,
New pension scheme shall contribute 10% of pay and Dearness Allowance towards the Defined
contributory Pension Scheme and Bank shall make a matching contribution.

• The Probationary Officers are eligible to avail the Furniture

facility during the Probationary Period when they are posted to a
branch / office on permanent basis.
New Furniture Scheme
• The limit for Scale I is Rupees one lakh
• Subsequent eligibility will be after 10 years
• 50% limit can be utilized for buying electrical & electronic items

All the Scale I Officers are eligible for the facility of Visiting Card vide HO Cir
Facility of Visiting Card
296/2016 dated 18.05.16
 • The direct recruit P Os who have completed 11 months of active
service are also eligible for Leave Fare Concession facility for self &
dependents.
• LFC Block shall be a block of 4 years. LFC block of 4 years is divided
into 2 sub-blocks of two years each. An Officer may avail each Sub-
block of 2 years to visit Native Place / Home-town / Place of domicile
(in lieu of Native Place) or One Sub-block to visit Native Place /
Home- town and another sub-block to visit any place in India, by
shortest route.
• Encashment of LFC is permissible for the sub block which is meant
to visit any place in India
• Encashment of Privilege Leave (PL) for Officers is permitted once in
LFC a block of 4 years, for a maximum of 30 days while availing of LFC.
The facility of encashment of PL is also available while
surrender/encashment of LFC facility.
• Alternatively, while travelling in each Sub-block of 2 years to Native
Place / Hometown / Place of Domicile and to any place in India, the
Officer may encash Privilege Leave with a maximum of 15 days each
in each Sub-block.
• LFC can be availed without availing any leave.
• Eligible mode: First Class or A/C 2 tier by train. If travel by air,
reimbursement will be actual fare or A/c First class Train fare
whichever is less
• For dependents, monthly income should not be more than Rs
10,000/
Providing Brief Case / Once in five years, after confirmation, an Officer is eligible for getting
Leather Bag to Officers reimbursement of expenses for buying Brief Case / Leather Bag fo Rs
1,500/-
Probationary Officers are eligible to stay in Lodge / Hostel / PG
Staying in Lodge /
Accommodation if no Bank owned / leased quarters are available at the
Hostel / PG
centre, but reimbursement shall be fixed at 60% of rental reimbursement
accommodation
applicable to the place of posting or the actual cost whichever is less.

REGULATION 20(1):
Statement of Assets & Liabilities has to be submitted at the time of first
appointment.

REGULATION 20(2):
Return of Movable, Immovable & Valuable Property has to be submitted
every year as on 31st March of that year to the bank before the 30th day of
June of that year.
Property Return
REGULATION 20(3):
Transaction (lease, mortgage, purchase, sale, gift or otherwise) concerning
immovable property either in his/her own name or in the name of any
member of his/her family has to be reported immediately.

REGULATION 20(4):
Transaction concerning movable/valuable property exceeding Rs 25,000/-
has to be reported within 30 days
 The previous sanction of the competent authority shall be obtained if any
such transaction is –
a) with a person having official dealings with the officer employee
or
b) otherwise that through a regular or reputed dealer

All the above reporting’s are to be made in HRMS package.

Officers are being governed by the provisions of the following Regulations:

1. Canara Bank (Officers’) Service Regulations, 1979

2. Canara Bank Officer Employees’ (Conduct) Regulations, 1976
Regulations 3. Canara Bank Officer Employees’ (Discipline & Appeal) Regulations,
1976

Please refer our Cannet >> HRD >> Regulations for the provisions in respect
of the above
Eligible after 2 years of service;
Limit = Rs 50.00 Lacs;
Rate of Interest = 7% p.a. (Simple); Margin 10%;
Net Take Home= 25%;
Housing Loan
Repayment = 30 years
Land cost: 60% of limit
Continuation of liability after retirement upto 75 years of age.
Substitution of Property is permitted for two times

Eligible immediately on joining the Bank

Limit for Scale I Officer= Rs 1,00,000;
Margin= 10%;
Two Wheeler Loan Repayment= 84 months;
Net Take Home = 25%;
Rate of Interest @ On going Base Rate during Probationary Period
After confirmation: 7.00% p.a. (simple) upto Rs 40,000
7.50% p.a. (simple) above Rs 40,000 upto one lac
Eligible after 6 months of service;
Limit= Rs 10.00 Lacs ;
Margin= 10%;
Car Loan Repayment= 180 months
Rate of Interest @ On going Base Rate during Probationary Period
After confirmation : 7.00% p.a. (Simple);
Net Take Home = 35% of Gross or Rs 10000 whichever is higher
Eligible after 3 years of service
Limit for Scale I Officer= Rs 8.00 lacs (1.5 x gross salary x no. of year service)
Rate of Interest = 8% p.a. (Compounded monthly);
Repayment= 10 years;
Clean DPN Loan Net Take Home = 40%;

If an employee closes DPN loan and seeks further DPN loan at a later date
again, the same can be permitted. However, there must be at least three
years gap from the date of previous availment
 INDEX OF IMPORTANT CIRCULARS ON STAFF MEMBERS
SUBJECT For Officers - HO Circular For Workmen - HO Circular
th
Salary - 10 Bipartite Settlement / Joint
342/2015 323/2015
Note
th
Salary – 9 Bipartite Settlement / Joint Note 211/2010 190/2010
TA Rules 1/04, 170/05, 211/10, 342/15, 247/16 155/90,151/05, 190/10, 323/15
48/97,162/05, 194/10, 323/15,
LFC Rules 356/06, 211/10, 342/15, 229/16
338/15
Medical Aid 342/2015 323/2015
Leave Rules 160/1984, 342/2015, 123/2017 499/1985, 323/2015, 123/2017
Halting Allowance 342/2015 323/2015
HRA 356/90, 211/2010, 342/2015 190/2010, 323/2015
Conveyance 201/2004, 96/2012, 471/2017 386/2013, 471/2017
Resignation / Voluntary Retirement 343/1993, 12/2011, 13/2011 114/96
Computer Literacy 93/2004 93/2004
Reversion (Disability etc) 62/2008 135/1995
Newspaper subscription 196/1988, 1/2002, 325/2011 265/04, 161/10, 325/11
Promotion Policy Memo 24/2015, 25/2015 Memo 19/2015
Lodging Expenses to Officers 68/2008 --
Travel by own car by Officers 348/2011 --
Travel by taxi by Officers Memo 78/2011 --
Rental Ceiling to the Quarters of Officers 173/2011, 389/2012, 340/2015 --
Business Development Expenses 177/08, 478/14, 589/14 --
Car Scheme for branches 271/2012 --
Membership of Clubs 338/1989 --
Permission to operate from nearby place 269/2003 --
Transfer Policy for Officers LDGM 1/98 --
Policy on Staff Accountability 72/12,254/12,267/13,194/17,85/2018 --
Visiting cards to Officers 296/2016 --
Mobile charges to Managers & Sr Managers 762/2016 --
Revenue expenditure Powers 21/11,216/16,519/16,516/17,578/17 --
Cleaning expenses 128/10, 560/14, 471/2017 --
Brief Case / Leather bag to Officers 720/2016 --
New Furniture Scheme 303/13, 609/13, 467/14, 530/14 --
Access to Cannet from home through
289/2015 --
internet
Categorisation of Branches 700/2016 --
Employees Loan Eligibility for EXS
35/2018
employees
Employees Housing Loan 270/2013, 59/2014, 561/2014, 230/15, 506/2015, 151/2016, 210/17,485/17
Granting of Milestone Award 60/90, 133/1990, 130/2000, 247/2011
Festival Advance 245/2003, 31/2011, 392/2016
Sabbatical Leave 20/2000, 235/2000, 77/2006,157/2012
Compassionate appointment etc 143/2015
Incentive scheme for Capacity Building 165/2016, 101/2017, 94/2018
Canteen Subsidy 264/2012
Pension Scheme 174/1994, 309/1995, 12/2011, 13/2011
New Pension System (NPS) 88/2012, 471/2013
Canara Pension Loan to Retired employees 167/2016, 497/2017
Car Loan to Workmen & Officers 434/13, 571/14, 503/15, 8/16, 142/16, 46/17, 210/2017, 479/2017
New Medical Scheme (Medi Asst) 532/2015, 5 45/2015, 48/2017, 49/2017
DPN 268/2009, 316/2009, 142/2016, 210/2017, 478/2017
Conveyance to OH,Blind,Deaf @ Rs 400 pm 96/2009 (Box), 349/2014
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