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Annual salary range
1 - 5 years exp.
₹3
Lakhs - ₹4.5
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary31% less than the average Design Engineer Salary in Auto Components Companies for 1 - 5 years of experience
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Companies similar to Banco Products for Design Engineer in Research & Development department
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Sharda Motor Industries Design Engineer Salary
1 - 6 years exp. (4 salaries) |  ₹3.3 L/yr - ₹4 L/yr 
3%
more | |
 Setco Automotive Design Engineer Salary
3 - 5 years exp. (3 salaries) | ₹4.5 L/yr - ₹5 L/yr
37%
more | |
Login to view exact salary
| ||
 UNO Minda Design Engineer Salary
0 - 4 years exp. (56 salaries) | ₹2 L/yr - ₹6.3 L/yr
15%
more | |
 TVS Sundram Fasteners Design Engineer Salary
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2%
more | |
 Rane (Madras) Design Engineer Salary
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22%
less | |
 Bharat Forge Design Engineer Salary
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41%
more | |
 Endurance Technologies Design Engineer Salary
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6%
less | |
 ZF Commercial Vehicle Control Systems Design Engineer Salary
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7%
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 Rico Auto Industries Design Engineer Salary
1 - 6 years exp. (10 salaries) | ₹2.1 L/yr - ₹6 L/yr
3%
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 Greaves Cotton Design Engineer Salary
0 - 6 years exp. (55 salaries) | ₹2.6 L/yr - ₹5.4 L/yr
15%
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 Shanthi Gears Design Engineer Salary
1 - 5 years exp. (41 salaries) | ₹1.8 L/yr - ₹3.8 L/yr
24%
less | |
Login to view exact salary
| ||
 JBM Group Design Engineer Salary
1 - 6 years exp. (39 salaries) | ₹2 L/yr - ₹7 L/yr
40%
more | |
 Varroc Group Design Engineer Salary
1 - 7 years exp. (32 salaries) | ₹1.8 L/yr - ₹10.5 L/yr
82%
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 UCAL Fuel Systems Design Engineer Salary
1 - 6 years exp. (30 salaries) | ₹2.5 L/yr - ₹5 L/yr
9%
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 Subros Design Engineer Salary
1 - 6 years exp. (30 salaries) | ₹2.1 L/yr - ₹7.2 L/yr
16%
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 Igarashi Motors Design Engineer Salary
1 - 6 years exp. (14 salaries) | ₹2.5 L/yr - ₹4 L/yr
14%
less | |
 Talbros Design Engineer Salary
3 - 6 years exp. (10 salaries) | ₹2.5 L/yr - ₹3.7 L/yr At par | |
 Shivam Autotech Design Engineer Salary
1 - 6 years exp. (9 salaries) | ₹1.8 L/yr - ₹6 L/yr
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 Suprajit Engineering Design Engineer Salary
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5%
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 India Nippon Electricals Design Engineer Salary
1 - 8 years exp. (7 salaries) | ₹2.3 L/yr - ₹9 L/yr
60%
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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.
Latest annual salaries shared by Banco Products Design Engineer in Research & Development department
1y ago
2
years
exp.
1y ago
5
years
exp.
1y ago
1
year
exp.
1y ago
3
years
exp.
1y ago
2
years
exp.
1y ago
1
year
exp.
Experience wise Banco Products Design Engineer salaries in Research & Development department
Last Updated: 10 Nov 2023
| Experience | Avg Annual Salary |
|---|---|
| 1 year (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.5
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
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3.1
L/yr
- ₹4
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹1.4
L/yr
- ₹4.5
L/yr
|
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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 Engineer Salary FAQs
What is the salary of Design Engineer at Banco Products in Research & Development department?
Design Engineer salary at Banco Products in Research & Development department 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 31% 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 in Research & Development department.
How does the salary of a Design Engineer at Banco Products India in Research & Development department compare with the average salary range for this job?
The average salary of a Design Engineer at Banco Products in Research & Development department is 31% 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 Research & Development department in India?
- Varroc Group Design Engineer Salary - ₹1.8 Lakhs to ₹10.5 Lakhs per year
- TRF Design Engineer Salary - ₹4.5 Lakhs to ₹7.1 Lakhs per year
- India Nippon Electricals Design Engineer Salary - ₹2.3 Lakhs to ₹9.0 Lakhs per year
- Bharat Forge Design Engineer Salary - ₹1.0 Lakhs to ₹8.0 Lakhs per year
- JBM Group Design Engineer Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Design Engineer in Research & Development department in companies similar to Banco Products in India?
- Setco Automotive Design Engineer Salary - ₹4.5 Lakhs to ₹5.0 Lakhs per year
- Hi Tech Gears Design Engineer Salary - ₹3.5 Lakhs to ₹4.6 Lakhs per year
- Subros Design Engineer Salary - ₹2.1 Lakhs to ₹7.2 Lakhs per year
- UNO Minda Design Engineer Salary - ₹2.0 Lakhs to ₹6.3 Lakhs per year
- Greaves Cotton Design Engineer Salary - ₹2.6 Lakhs to ₹5.4 Lakhs per year
What is the estimated take home salary of a Design Engineer in Research & Development department at Banco Products in India?
The estimated take-home salary of a Design Engineer in Research & Development department at Banco Products ranges between ₹24,765 per month to ₹26,207 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 in Research & Development department at Banco Products?
According to AmbitionBox, 100% of the Banco Products Design Engineers in Research & Development department reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.
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Banco Products Design Engineer salary
in Research & Development department
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.