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Banco Products Engineer salaries in India

Annual salary range
1 - 8 years exp.
₹2.1 Lakhs - ₹6.1 Lakhs
Salary of majority employees
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29% less than the average Engineer Salary in Auto Components Companies for 1 - 8 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Engineer Salary
1 - 8 years exp. (8 salaries)
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₹2.4 L/yr - ₹6.1 L/yr

Engineering - Hardware & Networks
Engineer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹4.1 L/yr

Last Updated: 5 Jan 2025

Companies similar to Banco Products for Engineer

Company name Avg Annual Salary Open Jobs
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Sharda Motor Industries Engineer Salary

2 - 9 years exp. (100 salaries)

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₹2.1 L/yr - ₹5.5 L/yr

arrow icon 1% more
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Setco Automotive Engineer Salary

4 - 8 years exp. (9 salaries)

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₹2.8 L/yr - ₹6 L/yr

arrow icon 9% less
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UNO Minda Engineer Salary

0 - 8 years exp. (86 salaries)

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₹2 L/yr - ₹7.1 L/yr

arrow icon 14% more
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TVS Sundram Fasteners Engineer Salary

1 - 16 years exp. (57 salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 4% more
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Rane (Madras) Engineer Salary

1 - 8 years exp. (25 salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 11% less
1 job opening
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Bharat Forge Engineer Salary

1 - 12 years exp. (280 salaries)

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₹2 L/yr - ₹9.3 L/yr

arrow icon 30% more
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Endurance Technologies Engineer Salary

2 - 9 years exp. (83 salaries)

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₹1.8 L/yr - ₹6.6 L/yr

arrow icon 9% less
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₹1.3 L/yr - ₹9 L/yr

arrow icon 25% more
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Rico Auto Industries Engineer Salary

2 - 12 years exp. (47 salaries)

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₹2.1 L/yr - ₹6 L/yr

arrow icon 13% less
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Subros Engineer Salary

3 - 13 years exp. (418 salaries)

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₹1.5 L/yr - ₹7 L/yr

arrow icon 2% more
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JBM Group Engineer Salary

1 - 10 years exp. (225 salaries)

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₹1.8 L/yr - ₹7 L/yr

arrow icon 9% more
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Fiem Industries Engineer Salary

2 - 10 years exp. (180 salaries)

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₹1.9 L/yr - ₹6 L/yr

arrow icon 2% less
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Varroc Group Engineer Salary

2 - 8 years exp. (153 salaries)

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₹1.4 L/yr - ₹8.1 L/yr

arrow icon 16% more
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Shivam Autotech Engineer Salary

1 - 8 years exp. (118 salaries)

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₹2.4 L/yr - ₹4.8 L/yr

arrow icon 15% less
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Hi Tech Gears Engineer Salary

2 - 11 years exp. (92 salaries)

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₹2.5 L/yr - ₹6.2 L/yr

arrow icon 4% more
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Suprajit Engineering Engineer Salary

2 - 10 years exp. (78 salaries)

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₹2.5 L/yr - ₹6 L/yr

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MARK EXHAUST SYSTEMS Engineer Salary

2 - 9 years exp. (73 salaries)

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₹2.1 L/yr - ₹5.5 L/yr

arrow icon 5% less
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India Nippon Electricals Engineer Salary

1 - 9 years exp. (56 salaries)

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₹3.3 L/yr - ₹6 L/yr

arrow icon 16% more
1 job opening
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Talbros Engineer Salary

1 - 9 years exp. (51 salaries)

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₹2.4 L/yr - ₹5.2 L/yr

arrow icon 4% less
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UCAL Fuel Systems Engineer Salary

2 - 15 years exp. (48 salaries)

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₹2.9 L/yr - ₹5 L/yr

At par
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Engineer salary at Banco Products ranges between ₹2.1 Lakhs to ₹6.1 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 10 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Engineer

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Experience wise Banco Products Engineer salaries

Last Updated: 5 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.4 L/yr - ₹6.7 L/yr
2 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹7.1 L/yr
4 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹7.2 L/yr
5 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹7.4 L/yr
View all

Similar Designation salaries in Banco Products

Officer Salary
(10 salaries)
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₹2.28 L/yr - ₹4.2 L/yr
Shift Engineer Salary
(3 salaries)
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₹2.2 L/yr - ₹4 L/yr
Senior Engineer Salary
(32 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
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₹2.5 L/yr - ₹5.5 L/yr
Supervisor Salary
(8 salaries)
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₹1.7 L/yr - ₹4 L/yr
Technician Salary
(4 salaries)
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₹1.6 L/yr - ₹3.5 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
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₹4.55 L/yr - ₹7 L/yr
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₹2.5 L/yr - ₹6 L/yr
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₹1.45 L/yr - ₹4.1 L/yr

Top skills at Banco Products for Engineer

Plant Maintenance Target Achievement Maintenance Engineering Raw Material Production Planning

Salary related reviews for Banco Products

4.1

Rated by 6 employees for salary & benefits

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.

read more
  • Skill development - Excellent
  • +1 more

Dislikes

  • Salary - Bad
  • Job security - Bad
  • +2 more

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 29 Jan 2025

3.0
 for  Salary and Benefits

Likes

Salary day (4th Day of Every Month): The Only Good thing

Dislikes

- The Working Culture: The primitive mindset - I pay you, so I own you. - The working time: Official business hours -- 09:00 am to 5:30 pm. Unofficial business hours: 09:00 pm to 08:00 pm or more. If you leave by 06:00 pm - you will possibly get a call the same day or a comment from them the next working Day asking why did you leave early. They never respect people's time or understand that apart from work, there is a life. - Decision Making: For every nooks & small stuffs, the approval was required from "CEO". I never understood, what's the point of Appointing people in "President" post then. It seemed to me that, management don't trust their own management people (President / Vice President) - Toilets / Washroom: The washroom (both Ladies / Gents) across Offices & plants were at worst conditions. - Working Infrastructure: Old Cracked walls in the main buildings and no-body knows when was the last time, the curtains were washed. The chairs were really old and non of them were in proper condition. The desk are old but manageable. - AC Working Temperature: The temperature in Vadodara reaches really high in summer (in the range of 40 deg C to ~49 Deg C) and people used to keep the AC working in 28degC / 29degC in our marketing department. I used to suffocate a lot -- Such pathetic condition. Even witnessed few departments, where AC is present only for the Boss's cabin and rest of other people used to under fan which was really painful. Such inhuman conditions. I feel pity for those people actually. - Working Days: Whatsoever may happen - there will be 26 Working Days in a month. If a national holiday / public holiday is there in working day, it will be compensated by making people work on Sundays. The holidays / weekly off are decided in the beginning of each month - so technically, you cannot plan for any holidays in Advance. I am in better place now -- But I feel really pity for the people who are working over there, in such in-human conditions.

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  • Skill development - Poor
  • +5 more

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.

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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.

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  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

Pay Less and people frequently jump to other company .

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.

read more
  • Salary - Bad
  • +5 more
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Banco Products Engineer Salary FAQs

What is the salary of Engineer at Banco Products?
Engineer salary at Banco Products in India ranges between ₹2.1 Lakhs to ₹6.1 Lakhs for experience between 1 years to 8 years. According to our estimates it is 29% less than the average Engineer Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Banco Products India.
How does the salary of a Engineer at Banco Products India compare with the average salary range for this job?
The average salary of a Engineer at Banco Products is 29% less than the average salary of a Engineer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Engineer at Banco Products?
Plant Maintenance, Target Achievement, Maintenance Engineering, Raw Material and Production Planning are some of the popular skills required to work as a Engineer at Banco Products India.
Which similar companies are paying more than Banco Products to a Engineer in India?
  • TRF Engineer Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year
  • Bharat Forge Engineer Salary - ₹2.0 Lakhs to ₹9.3 Lakhs per year
  • ZF Commercial Vehicle Control Systems Engineer Salary - ₹1.3 Lakhs to ₹9.0 Lakhs per year
  • Varroc Group Engineer Salary - ₹1.4 Lakhs to ₹8.1 Lakhs per year
  • India Nippon Electricals Engineer Salary - ₹3.3 Lakhs to ₹6.0 Lakhs per year
What is the salary of a Engineer in companies similar to Banco Products in India?
  • UNO Minda Engineer Salary - ₹2.0 Lakhs to ₹7.1 Lakhs per year
  • Saint Gobain Sekurit India Engineer Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
  • JBM Group Engineer Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
  • TVS Sundram Fasteners Engineer Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
  • Alicon Castalloy Engineer Salary - ₹2.1 Lakhs to ₹6.4 Lakhs per year
What is the estimated take home salary of a Engineer at Banco Products in India?
The estimated take-home salary of a Engineer at Banco Products ranges between ₹30,170 per month to ₹31,481 per month in India. The take-home salary calculation is based on the average Banco Products Engineer salary in India which ranges between ₹2.1 Lakhs to ₹6.1 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Engineer at Banco Products?
According to AmbitionBox, 63% of the Banco Products Engineers reported a notice period of 1 Month, 37% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Engineer salary in India ranges between ₹2.1 Lakhs to ₹6.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Banco Products latest salaries received from various employees of Banco Products.