Banco Products Design Engineer Salaries by 6 Employees (Updated 2025)

1 - 5 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Salary of majority employees

24% 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 5% less
Setco Automotive Design Engineer Salary 3 - 4 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 - 4 years exp. (110 salaries)	₹2 L/yr - ₹8 L/yr 9% more
TVS Sundram Fasteners Design Engineer Salary 1 - 3 years exp. (15 salaries)	₹1.5 L/yr - ₹3.8 L/yr 22% less
Rane (Madras) Design Engineer Salary 0 - 4 years exp. (7 salaries)	₹1.2 L/yr - ₹4.2 L/yr 31% less
Bharat Forge Design Engineer Salary 1 - 9 years exp. (68 salaries)	₹1.5 L/yr - ₹8.1 L/yr 33% more
Endurance Technologies Design Engineer Salary 0 - 4 years exp. (75 salaries)	₹2 L/yr - ₹5.8 L/yr 14% less
ZF Commercial Vehicle Control Systems Design Engineer Salary 1 - 5 years exp. (34 salaries)	₹1.4 L/yr - ₹8.2 L/yr 11% more
Rico Auto Industries Design Engineer Salary 2 - 7 years exp. (9 salaries)	₹2.3 L/yr - ₹7 L/yr 17% more
Shanthi Gears Design Engineer Salary 1 - 4 years exp. (67 salaries)	₹1.8 L/yr - ₹3.8 L/yr 32% less
Greaves Cotton Design Engineer Salary 0 - 6 years exp. (62 salaries)	₹2.6 L/yr - ₹5.6 L/yr 1% less
Login to view exact salary
Varroc Group Design Engineer Salary 0 - 7 years exp. (48 salaries)	₹1.8 L/yr - ₹10.9 L/yr 59% more
JBM Group Design Engineer Salary 1 - 6 years exp. (48 salaries)	₹2 L/yr - ₹8.3 L/yr 29% more
Subros Design Engineer Salary 1 - 5 years exp. (43 salaries)	₹1.8 L/yr - ₹6 L/yr 5% less
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Igarashi Motors Design Engineer Salary 1 - 5 years exp. (21 salaries)	₹2 L/yr - ₹4 L/yr 25% less
Suprajit Engineering Design Engineer Salary 0 - 4 years exp. (22 salaries)	₹2.2 L/yr - ₹5.2 L/yr 2% less
Talbros Design Engineer Salary 3 - 6 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 4% more
Alicon Castalloy Design Engineer Salary 0 - 5 years exp. (12 salaries)	₹2.4 L/yr - ₹4 L/yr 25% less
Shivam Autotech Design Engineer Salary 1 - 6 years exp. (9 salaries)	₹1.8 L/yr - ₹6 L/yr 12% more

View all

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
Login to view exact salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.8 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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₹3.9 L/yr - ₹4.9 L/yr

Junior Engineer Salary

(5 salaries)

₹2.5 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

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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.

Salary - Poor

+6 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.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 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.

Salary - Good

+6 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.

Job security - Good

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.

Salary - Bad

+5 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

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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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 24% 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 24% 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?

Varroc Group Design Engineer Salary - ₹1.8 Lakhs to ₹10.9 Lakhs per year
India Nippon Electricals Design Engineer Salary - ₹1.6 Lakhs to ₹7.0 Lakhs per year
TRF Design Engineer Salary - ₹4.0 Lakhs to ₹7.1 Lakhs per year
Bharat Forge Design Engineer Salary - ₹1.5 Lakhs to ₹8.1 Lakhs per year
JBM Group Design Engineer Salary - ₹2.0 Lakhs to ₹8.3 Lakhs per year

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

Rico Auto Industries Design Engineer Salary - ₹2.3 Lakhs to ₹7.0 Lakhs per year
Setco Automotive Design Engineer Salary - ₹4.1 Lakhs to ₹5.2 Lakhs per year
Shivam Autotech Design Engineer Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
ZF Commercial Vehicle Control Systems Design Engineer Salary - ₹1.4 Lakhs to ₹8.2 Lakhs per year
Hi Tech Gears Design Engineer Salary - ₹3.7 Lakhs to ₹4.7 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 ₹28,295 per month to ₹29,685 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.