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Banking Correspondent

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Banking Correspondent Salary in India (Updated 2025)

based on 33 latest salaries • updated: 8 Feb 2025
Select an experience to get the exact salary

Annual salary range

₹1 Lakh - ₹4.5 Lakhs

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High Confidence means the data is based on a large number of latest salaries.
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Banking Correspondent Salary in India ranges between ₹1 Lakh to ₹4.5 Lakhs for less than 1 year of experience to 9 years of experience. Salary estimates are based on 33 latest salaries received from Banking... Read More

Latest annual salaries shared by Banking Correspondents

3d ago

Fino Payments Bank

Banking Correspondent

2 years exp.

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2w ago

Spice Money

Banking Correspondent

4 years exp.

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2mo ago

Bank of Baroda

Banking Correspondent

9 years exp.

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3mo ago

Indian Bank

Banking Correspondent

6 years exp.

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3mo ago

Banking Frontiers

Banking Correspondent

9 years exp.

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3mo ago

IndusInd Bank

Banking Correspondent

3 years exp.

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3mo ago

Fino Payments Bank

Banking Correspondent

1 year exp.

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5mo ago

IndusInd Bank

Banking Correspondent

1 year exp.

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6mo ago

Union Bank of India

Banking Correspondent

5 years exp.

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8mo ago

Bank of Baroda

Banking Correspondent

8 years exp.

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View all latest salaries

Banking Correspondent salaries by

Years of experience Avg. annual salary
Fresher
(2 salaries)
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₹2 L/yr - ₹2.4 L/yr

1 year
(7 salaries)
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₹1 L/yr - ₹3.6 L/yr

2 years
(5 salaries)
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₹1 L/yr - ₹3 L/yr

3 years
(6 salaries)
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₹0.5 L/yr - ₹3.6 L/yr

4 years
(4 salaries)
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₹0.3 L/yr - ₹4.5 L/yr

View all salaries by experience

Similar Designation Salary

Similar Designation Avg. annual salary
Senior Associate Salary
2 - 10 years exp.
(2.4L salaries)
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₹2.3 L/yr - ₹23 L/yr

Senior Manager Salary
6 - 20 years exp.
(1.7L salaries)
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₹7.1 L/yr - ₹40.8 L/yr

Senior Executive Salary
2 - 11 years exp.
(2.5L salaries)
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₹2.4 L/yr - ₹9.5 L/yr

Sales Executive Salary
1 - 8 years exp.
(1.7L salaries)
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₹1.2 L/yr - ₹5.6 L/yr

Manager Salary
4 - 16 years exp.
(3.2L salaries)
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₹4 L/yr - ₹32 L/yr

View more similar designations

Banking Correspondent Salary By Industries

Industries Avg. annual salary

Financial Services

Banking Correspondent
0 - 9 years exp.
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₹0.5 L/yr - ₹4.5 L/yr

Banking

Banking Correspondent
0 - 9 years exp.
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₹1 L/yr - ₹4.5 L/yr

FinTech

Banking Correspondent
0 - 4 years exp.
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₹1 L/yr - ₹3.6 L/yr

Banking / Insurance / Accounting

Banking Correspondent
6 - 9 years exp.
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₹1.5 L/yr - ₹3.5 L/yr

Internet

Banking Correspondent
1 - 2 years exp.
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₹0.9 L/yr - ₹1.2 L/yr

View More

Frequently Asked Questions (FAQS) about Banking Correspondent Salaries

What is the salary of a Banking Correspondent in India?
The salary of a Banking Correspondent in India varies based on experience, location, company & Industry. On average, Banking Correspondent salaries ranges from ₹1.0 Lakhs to ₹4.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹1.0 Lakhs to ₹4.5 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 33 salaries received from various Banking Correspondents across industries.
What are the top paying cities for Banking Correspondent in India?
The annual salary for Banking Correspondent in India varies by location. Top paying cities for Banking Correspondent are
Banking Correspondent Salary in Kolkata ₹1.8 Lakhs to ₹3.6 Lakhs per year
Banking Correspondent Salary in Vasai-Virar ₹4.1 Lakhs to ₹5.2 Lakhs per year
Banking Correspondent Salary in Varanasi ₹2.7 Lakhs to ₹3.5 Lakhs per year
Banking Correspondent Salary in Hyderabad / Secunderabad ₹2.2 Lakhs to ₹4.1 Lakhs per year
Banking Correspondent Salary in Nagaur ₹1.4 Lakhs to ₹4.6 Lakhs per year
Salary expectations for Banking Correspondent may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Banking Correspondent in India?
Top 5 paying Industries for Banking Correspondent in India are:
Banking Correspondent Salary in Financial Services ₹0.5 Lakhs to ₹4.5 Lakhs per year
Banking Correspondent Salary in Banking ₹1.0 Lakhs to ₹4.5 Lakhs per year
Banking Correspondent Salary in FinTech ₹1.0 Lakhs to ₹3.6 Lakhs per year
Banking Correspondent Salary in Banking / Insurance / Accounting ₹1.5 Lakhs to ₹3.5 Lakhs per year
Banking Correspondent Salary in Internet ₹0.9 Lakhs to ₹1.2 Lakhs per year
What are the fresher salaries as Banking Correspondent?
Fresher salaries for Banking Correspondent in India typically range from ₹2 Lakhs to ₹2.4 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Banking Correspondent in India?
Experience significantly impacts a Banking Correspondent salary in India. Salaries increase with experience, as Banking Correspondent take on more complex tasks, responsibilities, and leadership roles. Banking Correspondent salary at different experience level are as follows:
Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹2.4 Lakhs per year
1 year ₹1.0 Lakhs to ₹3.6 Lakhs per year
2 years ₹1.0 Lakhs to ₹3.0 Lakhs per year
3 years ₹0.5 Lakhs to ₹3.6 Lakhs per year
and so on.

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