How much salary does a Canara Bank clerk get? How much will it increase after the 8th Pay Commission?

The salary of a Canara Bank clerk can reach around Rs 60,000 to Rs 70,000 per month after the 8th Pay Commission. The salary of government employees is going to increase significantly due to the 8th Pay Commission.

Government employees are going to get a big gift. From next year, government employees will get a salary according to the 8th Pay Commission. Due to which there will be a strong increase in their current salary. If we talk about Canara Bank clerks, then there will be a strong increase in their salary. Let us know how much can be the salary of a bank clerk after this pay commission?

What is the current salary of a Canara Bank clerk?

The basic salary of a Canara Bank clerk starts from around Rs 19,900. Along with this, they also get dearness allowance (DA), house rent allowance (HRA), travel allowance (TA) and many other allowances. With the addition of these allowances, the total salary is around Rs 35,000 to Rs 40,000, which also increases according to the work experience and location.

How much will the salary of Canara Bank Clerk increase with the 8th Pay Commission?

According to reports, the fitment factor in the 8th Pay Commission can be kept at 2.57. This means that the current basic salary will be multiplied by 2.57 and the new basic salary will be decided on that basis. If the current basic salary is Rs 19,900, then with the 2.57 factor it will reach around Rs 51,143.

Along with this, dearness allowance, house allowance and other allowances will also increase because these allowances are given on the basis of percentage of basic salary. This means that the total salary is also likely to double. After the implementation of the 8th Pay Commission, the total salary of a Canara Bank clerk can be Rs 60,000 to Rs 70,000 per month or more.

What is the possible estimate regarding the 8th Pay Commission?

Under the 7th Pay Commission, the fitment factor was around 2.57, according to which the basic salary of government employees was fixed at around Rs 18 thousand. Now there is a discussion that if this fitment factor is increased from 2.57 to 2.86 or more in the 8th Pay Commission, then a huge increase can be seen in the basic salary of government employees.

After this change, government employees will not only get better salary, but their allowances will also increase because those allowances are fixed on the basis of basic salary. This step can prove to be a big relief for government employees.