Banco Products Electrical Technician Salaries by 4 Employees (Updated 2025)

8 - 19 years exp.

₹1.3 Lakh - ₹3 Lakhs

Salary of majority employees

19% less than the average Electrical Technician Salary in Auto Components Companies for 8 - 19 years of experience

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Last Updated: 1 Feb 2025

Companies similar to Banco Products for Electrical Technician

Company name	Avg Annual Salary	Open Jobs
JBM Group Electrical Technician Salary 2 - 11 years exp. (7 salaries)	₹2.2 L/yr - ₹3.6 L/yr 4% more
India Nippon Electricals Electrical Technician Salary 1 - 4 years exp. (6 salaries)	₹1.6 L/yr - ₹2 L/yr 31% less
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Shanthi Gears Electrical Technician Salary 1 - 4 years exp. (5 salaries)	₹1 L/yr - ₹1.2 L/yr 60% less
Endurance Technologies Electrical Technician Salary 0 - 6 years exp. (5 salaries)	₹1 L/yr - ₹3.7 L/yr At par
Hi Tech Gears Electrical Technician Salary 1 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹2.5 L/yr 13% less
Igarashi Motors Electrical Technician Salary 3 - 11 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 21% less
Saint Gobain Sekurit India Electrical Technician Salary 6 - 9 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 9% less
UCAL Fuel Systems Electrical Technician Salary 2 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹9.2 L/yr 87% more
Subros Electrical Technician Salary 0 - 2 years exp. (4 salaries)	₹1.6 L/yr - ₹1.8 L/yr 31% less
Varroc Group Electrical Technician Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2 L/yr 26% less
Goodyear Electrical Technician Salary 1 - 6 years exp. (4 salaries)	₹1.4 L/yr - ₹4 L/yr 8% less
Login to view exact salary
Panasonic Energy India Co Electrical Technician Salary 10 - 14 years exp. (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr 12% less

Electrical Technician salary at Banco Products ranges between ₹1.3 Lakh to ₹3 Lakhs per year for employees with experience between 8 years to 19 years. Salary estimates are based on 4 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Electrical Technician salaries

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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10 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
11 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
12 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
13 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
14 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
15+ years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3 L/yr

View all

Similar Designation salaries in Banco Products

Mechanical Technician Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Electrical Engineer Salary

(3 salaries)

₹2.5 L/yr - ₹6 L/yr

Electrician Salary

(4 salaries)

₹1.5 L/yr - ₹3.25 L/yr

Technician Salary

(4 salaries)

₹1.6 L/yr - ₹3.5 L/yr

Technical Assistant Salary

(3 salaries)

₹1.8 L/yr - ₹2.3 L/yr

Mechanical Engineer Salary

(8 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Maintenance Fitter Salary

(7 salaries)

₹1.2 L/yr - ₹2.15 L/yr

Operator Salary

(6 salaries)

₹1.5 L/yr - ₹2.2 L/yr

Trainee Salary

(8 salaries)

₹1.8 L/yr - ₹2.15 L/yr

Machine Operator Salary

(12 salaries)

₹1.3 L/yr - ₹2.5 L/yr

Salary related reviews for Banco Products

3.0

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

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Banco Products Electrical Technician Salary FAQs

What is the salary of Electrical Technician at Banco Products ?

The average salary of a Electrical Technician at Banco Products in India typically ranges from ₹1.3 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 8 years to 19 years).

The top 10% of Electrical Technician at Banco Products earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Electrical Technician Salaries at Banco Products can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Banco Products employees in India.

What is the estimated take home salary of a Electrical Technician at Banco Products in India?

The estimated take-home salary of a Electrical Technician at Banco Products in India typically ranges from ₹18,076 to ₹19,768 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 8 years to 19 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Banco Products. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Banco Products for Electrical Technician in India?

UCAL Fuel Systems	₹2.1 Lakhs to ₹9.2 Lakhs per year
JBM Group	₹2.2 Lakhs to ₹3.6 Lakhs per year
Endurance Technologies	₹1.0 Lakhs to ₹3.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Banco Products, depending on the role and experience level.

What is the salary of a Electrical Technician in companies similar to Banco Products in India?

The salary of a Electrical Technician at companies similar to Banco Products in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Goodyear	₹1.4 Lakhs to ₹4.0 Lakhs per year
Saint Gobain Sekurit India	₹2.0 Lakhs to ₹3.0 Lakhs per year
Panasonic Energy India Co	₹1.8 Lakhs to ₹2.5 Lakhs per year
Hi Tech Gears	₹1.9 Lakhs to ₹2.5 Lakhs per year
Igarashi Motors	₹1.5 Lakhs to ₹3.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Electrical Technician at Banco Products in India?

The salary growth for a Electrical Technician at Banco Products depends on factors such as experience, performance, and promotions. On average, a Electrical Technician can expect the following growth trajectory at Banco Products:

Experience	Average Salary Range
8 years	₹2.7 Lakhs to ₹5.4 Lakhs per year
9 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
10 years	₹2.5 Lakhs to ₹3.3 Lakhs per year
11 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Banco Products Electrical Technician Salaries

Banco Products Electrical Technician salary in India ranges between ₹1.3 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Banco Products latest salaries received from various employees of Banco Products.