Banco Products Vadodara Diploma Mechanical Engineer Salaries by 5 Employees (Updated 2025)

0 - 5 years exp.

₹1.1 Lakh - ₹1.4 Lakh

Salary of majority employees

55% 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 in Vadodara

Banco Products Diploma Mechanical Engineer Salary

0 - 5 years exp. (5 salaries)

₹1.1 L/yr - ₹1.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Ceat Tyres Diploma Mechanical Engineer Salary 3 - 9 years exp. (33 salaries)	₹2 L/yr - ₹4.8 L/yr 168% more
NBC Bearings Diploma Mechanical Engineer Salary 2 - 9 years exp. (33 salaries)	₹2 L/yr - ₹4.4 L/yr 178% more
Login to view exact salary
Schaeffler India Diploma Mechanical Engineer Salary 1 - 7 years exp. (23 salaries)	₹1.1 L/yr - ₹4.2 L/yr 105% more
Turbo Energy Diploma Mechanical Engineer Salary 0 - 5 years exp. (10 salaries)	₹1.8 L/yr - ₹4 L/yr 82% more
Alembic Pharmaceuticals Diploma Mechanical Engineer Salary 0 - 5 years exp. (8 salaries)	₹1.8 L/yr - ₹4.5 L/yr 141% 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 in Vadodara

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.1 L/yr
1 year (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.2 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.2 L/yr
4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.5 L/yr
5 years (AmbitionBox Estimate)	₹0.5 L/yr - ₹1.4 L/yr

View all

Similar Designation salaries in Banco Products

Production Engineer Salary

(68 salaries)

₹1.5 L/yr - ₹7 L/yr

Senior Engineer Salary

(28 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Deputy Manager Salary

(9 salaries)

₹7.5 L/yr - ₹15.4 L/yr

Mechanical Engineer Salary

(8 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Executive Engineer Salary

(5 salaries)

₹4.55 L/yr - ₹7 L/yr

Maintenance Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4.1 L/yr

Shift Engineer Salary

(3 salaries)

₹2.3 L/yr - ₹4 L/yr

Electrical Engineer Salary

(3 salaries)

₹2.6 L/yr - ₹6 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.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 more

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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Banco Products Diploma Mechanical Engineer Salary FAQs

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

Diploma Mechanical Engineer salary at Banco Products in Vadodara 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 55% 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 Vadodara.

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

The average salary of a Diploma Mechanical Engineer at Banco Products is 55% less than the average salary of a Diploma Mechanical Engineer in Vadodara. To know exact salary insights, login to view.

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

NBC Bearings Diploma Mechanical Engineer Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
Ceat Tyres Diploma Mechanical Engineer Salary - ₹2.0 Lakhs to ₹4.8 Lakhs per year
Alembic Pharmaceuticals Diploma Mechanical Engineer Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Schaeffler India Diploma Mechanical Engineer Salary - ₹1.1 Lakhs to ₹4.2 Lakhs per year
Turbo Energy Diploma Mechanical Engineer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Diploma Mechanical Engineer at Banco Products ranges between ₹8,206 per month to ₹9,131 per month in Vadodara. 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 in Vadodara?

According to AmbitionBox, 100% of the Banco Products Diploma Mechanical Engineers in Vadodara 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 in Vadodara

Banco Products Diploma Mechanical Engineer salary in Vadodara 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.