Banco Products Design Engineer Salaries by 6 Employees (Updated 2024)

1 - 5 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Salary of majority employees

23% less than the average Design Engineer Salary in Auto Components Companies for 1 - 5 years of experience

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Last Updated: 10 Nov 2023

Companies similar to Banco Products for Design Engineer

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Design Engineer Salary 1 - 6 years exp. (9 salaries)	₹3.5 L/yr - ₹4 L/yr 8% less
Setco Automotive Design Engineer Salary 3 - 5 years exp. (3 salaries)	₹4.1 L/yr - ₹5.2 L/yr 17% more
Login to view exact salary
UNO Minda Design Engineer Salary 0 - 3 years exp. (86 salaries)	₹2 L/yr - ₹8 L/yr 1% more
TVS Sundram Fasteners Design Engineer Salary 1 - 3 years exp. (12 salaries)	₹1.5 L/yr - ₹3.8 L/yr 14% less
Rane (Madras) Design Engineer Salary 0 - 4 years exp. (7 salaries)	₹1.2 L/yr - ₹4.2 L/yr 32% less
Bharat Forge Design Engineer Salary 1 - 9 years exp. (68 salaries)	₹1 L/yr - ₹8.1 L/yr 42% more
Endurance Technologies Design Engineer Salary 0 - 4 years exp. (77 salaries)	₹2 L/yr - ₹4.8 L/yr 17% less
ZF Commercial Vehicle Control Systems Design Engineer Salary 0 - 5 years exp. (29 salaries)	₹1.4 L/yr - ₹8.2 L/yr 2% more
Rico Auto Industries Design Engineer Salary 1 - 6 years exp. (10 salaries)	₹2.1 L/yr - ₹6 L/yr 9% less
Magna International Design Engineer Salary 1 - 7 years exp. (103 salaries)	₹2.6 L/yr - ₹12 L/yr 94% more	2 job openings
Shanthi Gears Design Engineer Salary 1 - 4 years exp. (68 salaries)	₹1.8 L/yr - ₹3.8 L/yr 31% less
Login to view exact salary
Greaves Cotton Design Engineer Salary 0 - 6 years exp. (62 salaries)	₹2.6 L/yr - ₹6 L/yr 5% more
JBM Group Design Engineer Salary 0 - 5 years exp. (48 salaries)	₹2 L/yr - ₹7 L/yr 1% more
Subros Design Engineer Salary 1 - 5 years exp. (40 salaries)	₹2 L/yr - ₹7.2 L/yr 6% less
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Suprajit Engineering Design Engineer Salary 0 - 4 years exp. (24 salaries)	₹2.2 L/yr - ₹5.2 L/yr 7% less
Igarashi Motors Design Engineer Salary 1 - 5 years exp. (22 salaries)	₹2.5 L/yr - ₹4 L/yr 26% less
Talbros Design Engineer Salary 3 - 6 years exp. (12 salaries)	₹2.5 L/yr - ₹4 L/yr 2% less
Alicon Castalloy Design Engineer Salary 0 - 4 years exp. (12 salaries)	₹1.5 L/yr - ₹4 L/yr 17% less
India Nippon Electricals Design Engineer Salary 1 - 10 years exp. (12 salaries)	₹1.6 L/yr - ₹9 L/yr 41% more

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Design Engineer salary at Banco Products ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Design Engineer salaries

Last Updated: 10 Nov 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹6.5 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.1 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.5 L/yr

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Junior Engineer Salary

(5 salaries)

₹1.1 L/yr - ₹5.5 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Design Engineer Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Piping Design Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Process Engineer Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Junior Design Engineer Salary

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Electrical Engineer Salary

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Mechanical Engineer Salary

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Salary related reviews for Banco Products

4.0

Rated by 1 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.

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.

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.

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.

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.

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

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Banco Products Design Engineer Salary FAQs

What is the salary of Design Engineer at Banco Products?

Design Engineer salary at Banco Products in India ranges between ₹3.0 Lakhs to ₹4.5 Lakhs for experience between 1 years to 5 years. According to our estimates it is 23% less than the average Design Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Banco Products India.

How does the salary of a Design Engineer at Banco Products India compare with the average salary range for this job?

The average salary of a Design Engineer at Banco Products is 23% less than the average salary of a Design Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Design Engineer in India?

Magna International Design Engineer Salary - ₹2.6 Lakhs to ₹12.0 Lakhs per year
TRF Design Engineer Salary - ₹4.5 Lakhs to ₹7.1 Lakhs per year
Bharat Forge Design Engineer Salary - ₹1.0 Lakhs to ₹8.1 Lakhs per year
India Nippon Electricals Design Engineer Salary - ₹1.6 Lakhs to ₹9.0 Lakhs per year
Setco Automotive Design Engineer Salary - ₹4.1 Lakhs to ₹5.2 Lakhs per year

What is the salary of a Design Engineer in companies similar to Banco Products in India?

Greaves Cotton Design Engineer Salary - ₹2.6 Lakhs to ₹6.0 Lakhs per year
ZF Commercial Vehicle Control Systems Design Engineer Salary - ₹1.4 Lakhs to ₹8.2 Lakhs per year
JBM Group Design Engineer Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
UNO Minda Design Engineer Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
Talbros Design Engineer Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Design Engineer at Banco Products in India?

The estimated take-home salary of a Design Engineer at Banco Products ranges between ₹28,420 per month to ₹29,808 per month in India. The take-home salary calculation is based on the average Banco Products Design Engineer salary in India which ranges between ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Design Engineer at Banco Products?

According to AmbitionBox, 71% of the Banco Products Design Engineers reported a notice period of 1 Month, 29% reported a notice period of 15 days or less.This is based on 7 responses on AmbitionBox in last 2 years.

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Banco Products Design Engineer Salaries

Banco Products Design Engineer salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Banco Products latest salaries received from various employees of Banco Products.