Banco Products Diploma Mechanical Engineer Salaries by 5 Employees (Updated 2024)

0 - 5 years exp.

₹1.1 Lakh - ₹1.4 Lakh

Salary of majority employees

49% less than the average Diploma Mechanical Engineer Salary in Auto Components Companies for 0 - 5 years of experience

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Last Updated: 13 Mar 2023

Companies similar to Banco Products for Diploma Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Diploma Mechanical Engineer Salary 1 - 3 years exp. (6 salaries)	₹1.5 L/yr - ₹2.1 L/yr 41% more
UNO Minda Diploma Mechanical Engineer Salary 0 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr 125% more
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TVS Sundram Fasteners Diploma Mechanical Engineer Salary 1 - 8 years exp. (20 salaries)	₹1.1 L/yr - ₹4 L/yr 71% more
Rane (Madras) Diploma Mechanical Engineer Salary 0 - 2 years exp. (7 salaries)	₹1.2 L/yr - ₹4.2 L/yr 67% more
Bharat Forge Diploma Mechanical Engineer Salary 0 - 3 years exp. (27 salaries)	₹1.2 L/yr - ₹3 L/yr 69% more
Endurance Technologies Diploma Mechanical Engineer Salary 1 - 5 years exp. (12 salaries)	₹1.8 L/yr - ₹3.2 L/yr 79% more
ZF Commercial Vehicle Control Systems Diploma Mechanical Engineer Salary 0 - 7 years exp. (4 salaries)	₹1.5 L/yr - ₹3.5 L/yr 71% more
Rico Auto Industries Diploma Mechanical Engineer Salary 4 - 8 years exp. (6 salaries)	₹2.5 L/yr - ₹3.3 L/yr 124% more
Subros Diploma Mechanical Engineer Salary 0 - 3 years exp. (64 salaries)	₹1.3 L/yr - ₹2.5 L/yr 45% more
JBM Group Diploma Mechanical Engineer Salary 1 - 5 years exp. (47 salaries)	₹1.3 L/yr - ₹3.9 L/yr 77% more
Magna International Diploma Mechanical Engineer Salary 1 - 5 years exp. (12 salaries)	₹1.8 L/yr - ₹3.4 L/yr 94% more
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Saint Gobain Sekurit India Diploma Mechanical Engineer Salary 4 - 7 years exp. (7 salaries)	₹2 L/yr - ₹3.8 L/yr 114% more
India Nippon Electricals Diploma Mechanical Engineer Salary 1 - 4 years exp. (5 salaries)	₹1.6 L/yr - ₹2.2 L/yr 40% more
Igarashi Motors Diploma Mechanical Engineer Salary 2 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹2.1 L/yr 54% more
TRF Diploma Mechanical Engineer Salary 2 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹2.8 L/yr 98% more
Talbros Diploma Mechanical Engineer Salary 1 - 3 years exp. (3 salaries)	₹1.7 L/yr - ₹2.2 L/yr 44% more
Suprajit Engineering Diploma Mechanical Engineer Salary 2 - 3 years exp. (3 salaries)	₹1.4 L/yr - ₹2.2 L/yr 35% more

Diploma Mechanical Engineer salary at Banco Products ranges between ₹1.1 Lakh to ₹1.4 Lakh per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Diploma Mechanical Engineer salaries

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.3 L/yr
1 year (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.3 L/yr
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2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.6 L/yr
5 years (AmbitionBox Estimate)	₹0.5 L/yr - ₹1.4 L/yr

View all

Similar Designation salaries in Banco Products

Mechanical Engineer Salary

(8 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Electrical Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹6 L/yr

Maintenance Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4.1 L/yr

Senior Engineer Salary

(29 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Executive Engineer Salary

(7 salaries)

₹4.55 L/yr - ₹7 L/yr

Production Engineer Salary

(89 salaries)

₹1.45 L/yr - ₹7.34 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Shift Engineer Salary

(3 salaries)

₹2.2 L/yr - ₹4 L/yr

Junior Engineer Salary

(5 salaries)

₹1.1 L/yr - ₹5.5 L/yr

Deputy Manager Salary

(8 salaries)

₹7.5 L/yr - ₹15.4 L/yr

Salary related reviews for Banco Products

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.

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.

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 product owner

Salary -- Accepted Offer

I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Banco Products Diploma Mechanical Engineer Salary FAQs

What is the salary of Diploma Mechanical Engineer at Banco Products?

Diploma Mechanical Engineer salary at Banco Products in India ranges between ₹1.1 Lakhs to ₹1.4 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 49% less than the average Diploma Mechanical Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Banco Products India.

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

The average salary of a Diploma Mechanical Engineer at Banco Products is 49% less than the average salary of a Diploma Mechanical Engineer in India. To know exact salary insights, login to view.

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

UNO Minda Diploma Mechanical Engineer Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
Rico Auto Industries Diploma Mechanical Engineer Salary - ₹2.5 Lakhs to ₹3.3 Lakhs per year
Saint Gobain Sekurit India Diploma Mechanical Engineer Salary - ₹2.0 Lakhs to ₹3.8 Lakhs per year
TRF Diploma Mechanical Engineer Salary - ₹2.4 Lakhs to ₹2.8 Lakhs per year
Magna International Diploma Mechanical Engineer Salary - ₹1.8 Lakhs to ₹3.4 Lakhs per year

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

Endurance Technologies Diploma Mechanical Engineer Salary - ₹1.8 Lakhs to ₹3.2 Lakhs per year
JBM Group Diploma Mechanical Engineer Salary - ₹1.3 Lakhs to ₹3.9 Lakhs per year
TVS Sundram Fasteners Diploma Mechanical Engineer Salary - ₹1.1 Lakhs to ₹4.0 Lakhs per year
ZF Commercial Vehicle Control Systems Diploma Mechanical Engineer Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year
Bharat Forge Diploma Mechanical Engineer Salary - ₹1.2 Lakhs to ₹3.0 Lakhs per year

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

The estimated take-home salary of a Diploma Mechanical Engineer at Banco Products ranges between ₹8,830 per month to ₹9,809 per month in India. The take-home salary calculation is based on the average Banco Products Diploma Mechanical Engineer salary in India which ranges between ₹1.1 Lakhs to ₹1.4 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Diploma Mechanical Engineer at Banco Products?

According to AmbitionBox, 100% of the Banco Products Diploma Mechanical Engineers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Banco Products Diploma Mechanical Engineer Salaries

Banco Products Diploma Mechanical Engineer salary in India ranges between ₹1.1 Lakh to ₹1.4 Lakh with an average annual salary of ₹. Salary estimates are based on 5 Banco Products latest salaries received from various employees of Banco Products.