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Banco Products

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3.5

based on 257 Reviews

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Banco Products Design & Development Engineer salaries in Research & Development in India

Annual salary range
1 - 4 years exp.
₹3.2 Lakhs - ₹4.2 Lakhs
Salary of majority employees
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27% less than the average Design & Development Engineer Salary in Auto Components Companies for 1 - 4 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Banco Products for Design & Development Engineer in Research & Development department

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Design & Development Engineer salary at Banco Products ranges between ₹3.2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 7 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Design & Development Engineer in Research & Development department

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Experience wise Banco Products Design & Development Engineer salaries in Research & Development department

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.8 L/yr

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NPD Engineer Salary
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₹3.9 L/yr - ₹4.9 L/yr
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Top skills at Banco Products for Design & Development Engineer

NPD Design Development Rubber Automobile

Salary related reviews for Banco Products

2.4

Rated by 2 employees for salary & benefits

Middle Manager in Vadodara

Full Time

 · 

Research & Development Department

1.0
  •  posted on 12 Aug 2024
2.0
 for  Salary and Benefits

Likes

Nothing, it's very much akin to working under a marwadi. They pay you some salary in return they think that they own your entire personal life.

read more

Dislikes

...to do manpower reduction every year (it has nothing to do with your performance. If your salary falls in their cutoff limit then you're gone), and does it so.

read more

Maintenance Engineer in Vadodara

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 27 Jul 2020
1.0
 for  Salary and Benefits

Likes

most irritated part was job security,salary and culture is bit abusive . Dept Seniors are cooperative and very supportive specially HOD has caring nature and good attitude towards engineers. Pro and cons are detailed - Pros- vast opportunity for learners as there are plenty of good machines, equipment and technology. Work-life balance, canteen facility, Cons- job security and growth are major issue in company, workmans are abusive, high work load, no team work. No transport facility.

read more

Regional Manager in Gurgaon / Gurugram

Part Time

 · 

Marketing & Communication Department

4.0
  •  posted on 21 Sep 2023
4.0
 for  Salary and Benefits

Likes

It is the oldest company and their USP is , to change according to market conditions and the results grabbed the major OEMs business by way of reforming internally.

read more

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

Procurement & Supply Chain Department

3.0
  •  posted on 16 Apr 2021
1.0
 for  Salary and Benefits

Likes

On time Salary & Good market reputation in Automotive industry.

Dislikes

Here, there is no system at all. All the things is on paper only. Even HR is also involved in politics. Worse Management & No work life balance.

read more

Accounts Officer

Finance & Accounting Department

4.0
  •  posted on 31 Jan 2019
4.0
 for  Salary and Benefits

Likes

Good organisation happy to work with good and experienced people very much helping nature and chance to learn much knowledge... Finally happy to work with Banco Products

read more

Dislikes

Compensation is decent, but growth is slow

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Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?
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Banco Products Design & Development Engineer Salary FAQs

What is the salary of Design & Development Engineer at Banco Products in Research & Development department?
Design & Development Engineer salary at Banco Products in Research & Development department in India ranges between ₹3.2 Lakhs to ₹4.2 Lakhs for experience between 1 years to 4 years. According to our estimates it is 27% less than the average Design & Development Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Banco Products India in Research & Development department.
How does the salary of a Design & Development Engineer at Banco Products India in Research & Development department compare with the average salary range for this job?
The average salary of a Design & Development Engineer at Banco Products in Research & Development department is 27% less than the average salary of a Design & Development Engineer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Design & Development Engineer at Banco Products?
NPD, Design Development, Rubber and Automobile are some of the popular skills required to work as a Design & Development Engineer at Banco Products India.
Which similar companies are paying more than Banco Products to a Design & Development Engineer in Research & Development department in India?
  • Bharat Forge Design & Development Engineer Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
  • Suprajit Engineering Design & Development Engineer Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
  • Endurance Technologies Design & Development Engineer Salary - ₹3.5 Lakhs to ₹5.8 Lakhs per year
  • UNO Minda Design & Development Engineer Salary - ₹3.6 Lakhs to ₹6.0 Lakhs per year
  • JBM Group Design & Development Engineer Salary - ₹3.1 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Design & Development Engineer in Research & Development department in companies similar to Banco Products in India?
  • Hi Tech Gears Design & Development Engineer Salary - ₹3.5 Lakhs to ₹5.0 Lakhs per year
  • Talbros Design & Development Engineer Salary - ₹3.7 Lakhs to ₹4.2 Lakhs per year
  • TVS Sundram Fasteners Design & Development Engineer Salary - ₹2.0 Lakhs to ₹2.0 Lakhs per year
What is the estimated take home salary of a Design & Development Engineer in Research & Development department at Banco Products in India?
The estimated take-home salary of a Design & Development Engineer in Research & Development department at Banco Products ranges between ₹27,638 per month to ₹29,037 per month in India. The take-home salary calculation is based on the average Banco Products Design & Development Engineer salary in India which ranges between ₹3.2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

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Banco Products Design & Development Engineer salary in Research & Development department in India ranges between ₹3.2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Banco Products latest salaries received from various employees of Banco Products.