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Banco Products Engineer Trainee salaries in India

Annual salary range
0 - 4 years exp.
₹1.3 Lakh - ₹2.2 Lakhs
Salary of majority employees
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53% less than the average Engineer Trainee Salary in Auto Components Companies for 0 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Engineer Trainee Salary
0 - 3 years exp. (6 salaries)
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₹1.3 L/yr - ₹1.4 L/yr

Quality Assurance
Engineer Trainee Salary
2 - 4 years exp. (3 salaries)
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₹1.5 L/yr - ₹2.2 L/yr

Last Updated: 29 Apr 2024

Companies similar to Banco Products for Engineer Trainee

Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹2.5 L/yr

arrow icon 25% more
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UNO Minda Engineer Trainee Salary

0 - 2 years exp. (12 salaries)

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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 103% more
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TVS Sundram Fasteners Engineer Trainee Salary

1 - 4 years exp. (74 salaries)

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₹1.2 L/yr - ₹2.4 L/yr

arrow icon 39% more
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Bharat Forge Engineer Trainee Salary

0 - 3 years exp. (34 salaries)

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₹1 L/yr - ₹3.4 L/yr

arrow icon 64% more
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₹1.2 L/yr - ₹2.7 L/yr

arrow icon 34% more
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₹1.8 L/yr - ₹3 L/yr

arrow icon 56% more
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JBM Group Engineer Trainee Salary

0 - 2 years exp. (32 salaries)

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₹1 L/yr - ₹4.1 L/yr

arrow icon 66% more
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Subros Engineer Trainee Salary

0 - 3 years exp. (19 salaries)

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₹1.5 L/yr - ₹3.1 L/yr

arrow icon 37% more
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Magna International Engineer Trainee Salary

0 - 2 years exp. (18 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 167% more
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Greaves Cotton Engineer Trainee Salary

0 - 5 years exp. (16 salaries)

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₹0.9 L/yr - ₹3.6 L/yr

arrow icon 73% more
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Fiem Industries Engineer Trainee Salary

0 - 4 years exp. (6 salaries)

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₹2 L/yr - ₹3 L/yr

arrow icon 68% more
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Shivam Autotech Engineer Trainee Salary

0 - 3 years exp. (5 salaries)

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₹2 L/yr - ₹2.5 L/yr

arrow icon 64% more
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₹1.8 L/yr - ₹3 L/yr

arrow icon 52% more
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Goodyear Engineer Trainee Salary

0 - 4 years exp. (5 salaries)

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₹1.7 L/yr - ₹2.8 L/yr

arrow icon 44% more
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Shanthi Gears Engineer Trainee Salary

1 - 3 years exp. (4 salaries)

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₹2.2 L/yr - ₹6 L/yr

arrow icon 131% more
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₹1 L/yr - ₹2.2 L/yr

arrow icon 1% more
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Talbros Engineer Trainee Salary

0 - 3 years exp. (4 salaries)

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₹1.7 L/yr - ₹2.5 L/yr

arrow icon 45% more
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₹2 L/yr - ₹2.4 L/yr

arrow icon 46% more
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Alicon Castalloy Engineer Trainee Salary

1 - 4 years exp. (4 salaries)

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₹1.8 L/yr - ₹2.5 L/yr

arrow icon 48% more
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Igarashi Motors Engineer Trainee Salary

0 - 1 year exp. (4 salaries)

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₹2.1 L/yr - ₹3.2 L/yr

arrow icon 52% more
View all
Engineer Trainee salary at Banco Products ranges between ₹1.3 Lakh to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 9 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Engineer Trainee

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Experience wise Banco Products Engineer Trainee salaries

Last Updated: 29 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.4 L/yr
1 year (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.6 L/yr
2 years  (4 salaries)

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₹1.3 L/yr - ₹1.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.9 L/yr
4 years (AmbitionBox Estimate)

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₹0.6 L/yr - ₹2.2 L/yr

Similar Designation salaries in Banco Products

Trainee Salary
(8 salaries)
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₹1.8 L/yr - ₹2.15 L/yr
Senior Engineer Salary
(29 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
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₹1.1 L/yr - ₹5.5 L/yr
Shift Engineer Salary
(3 salaries)
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₹2.2 L/yr - ₹4 L/yr
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₹3 L/yr - ₹4.5 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
Graduate Engineer Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹1.2 L/yr - ₹3.2 L/yr
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₹2.4 L/yr - ₹4.1 L/yr

Salary related reviews for Banco Products

3.2

Rated by 2 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.

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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.

read more

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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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.

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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.

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.

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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

read more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Banco Products Engineer Trainee Salary FAQs

What is the salary of Engineer Trainee at Banco Products?
Engineer Trainee salary at Banco Products in India ranges between ₹1.3 Lakhs to ₹2.2 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 53% less than the average Engineer Trainee Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Banco Products India.
How does the salary of a Engineer Trainee at Banco Products India compare with the average salary range for this job?
The average salary of a Engineer Trainee at Banco Products is 53% less than the average salary of a Engineer Trainee in India. To know exact salary insights, login to view.
Which similar companies are paying more than Banco Products to a Engineer Trainee in India?
  • Magna International Engineer Trainee Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
  • Shanthi Gears Engineer Trainee Salary - ₹2.2 Lakhs to ₹6.0 Lakhs per year
  • UNO Minda Engineer Trainee Salary - ₹1.8 Lakhs to ₹5.5 Lakhs per year
  • Greaves Cotton Engineer Trainee Salary - ₹0.9 Lakhs to ₹3.6 Lakhs per year
  • Fiem Industries Engineer Trainee Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
What is the salary of a Engineer Trainee in companies similar to Banco Products in India?
  • JBM Group Engineer Trainee Salary - ₹1.0 Lakhs to ₹4.1 Lakhs per year
  • Shivam Autotech Engineer Trainee Salary - ₹2.0 Lakhs to ₹2.5 Lakhs per year
  • Bharat Forge Engineer Trainee Salary - ₹1.0 Lakhs to ₹3.4 Lakhs per year
  • ZF Commercial Vehicle Control Systems Engineer Trainee Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • India Nippon Electricals Engineer Trainee Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Engineer Trainee at Banco Products in India?
The estimated take-home salary of a Engineer Trainee at Banco Products ranges between ₹9,804 per month to ₹10,867 per month in India. The take-home salary calculation is based on the average Banco Products Engineer Trainee salary in India which ranges between ₹1.3 Lakhs to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?
What is the notice period for Engineer Trainee at Banco Products?
According to AmbitionBox, 100% of the Banco Products Engineer Trainees reported a notice period of 15 days or less.This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Engineer Trainee salary in India ranges between ₹1.3 Lakh to ₹2.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Banco Products latest salaries received from various employees of Banco Products.