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Banco Products Graduate Trainee salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹1.3 Lakh - ₹3.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Graduate Trainee Salary at Banco Products ranges between ₹1.3 Lakh to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 5 latest salaries... Read more

33% less than the average Graduate Trainee Salary in Auto Components Companies for 0 - 6 years of experience

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Last Updated: 16 Apr 2025

Companies similar to Banco Products for Graduate Trainee

Company name Avg Annual Salary Open Jobs
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JBM Group Graduate Trainee Salary

0 - 2 years exp. (15 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 9% more
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Shanthi Gears Graduate Trainee Salary

1 - 5 years exp. (5 salaries)

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₹2.5 L/yr - ₹2.6 L/yr

arrow icon 2% more
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₹1.8 L/yr - ₹2.1 L/yr

arrow icon 23% less
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Talbros Graduate Trainee Salary

0 - 3 years exp. (4 salaries)

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₹0.9 L/yr - ₹2.2 L/yr

arrow icon 26% less
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Suprajit Engineering Graduate Trainee Salary

1 - 2 years exp. (4 salaries)

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₹2.2 L/yr - ₹3 L/yr

arrow icon 3% more
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Varroc Group Graduate Trainee Salary

1 - 2 years exp. (4 salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 44% more
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Greaves Cotton Graduate Trainee Salary

0 - 1 year exp. (4 salaries)

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₹7.1 L/yr - ₹11.2 L/yr

arrow icon 196% more
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₹2.1 L/yr - ₹3 L/yr

At par

Banco Products Graduate Trainee salaries by

Years of experience Avg. annual salary
Fresher (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.7 L/yr
View all salaries by experience

Similar Designation Salaries at Banco Products

Similar Designation Avg. annual salary
Graduate Engineer Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr

Trainee Salary
(7 salaries)
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₹1.8 L/yr - ₹2.2 L/yr

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₹1.4 L/yr - ₹3.2 L/yr

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₹1.6 L/yr - ₹7.3 L/yr

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₹2.2 L/yr - ₹4 L/yr

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₹4.8 L/yr - ₹7 L/yr

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₹3.5 L/yr - ₹9.2 L/yr

Assistant Engineer Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr

Supervisor Salary
(9 salaries)
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₹1.2 L/yr - ₹4 L/yr

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₹3 L/yr - ₹8 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a full stack developer
No Salary Discussion in My Appraisal — What’s Your Experience?
In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?
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Salary related reviews for Banco Products

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  updated 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
  •  updated 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.

read more
  • Skill development - Poor
  • +5 more

Full Time

 · 

Research & Development Department

1.0
  •  updated 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.

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

Research & Development Department

1.0
  •  updated on 03 Jan 2023

1.0
 for  Salary and Benefits

Likes

Nothing to be like not at all human who are working in plant,

Dislikes

Everything is terrible dislike , If anyone having an opportunity with less salary with another company, please proceed for another company with less salary but never go with banco, (Not working life balance (Not professional life (Not salary (Not safety (Not mentally (Not well culture (Not even medical facilities in case of emergency in palnt (Seen my colleague facing an horrible issue when his father has medical issues, Company not even gave any tarveling facilities nor leave, (I have seen 10 to 12 higher level manger who left the banco within 6-8 months

read more
  • Salary - Bad
  • +6 more

Part Time

 · 

Marketing & Communication Department

4.0
  •  updated 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 .

see more salary related reviews

Banco Products Graduate Trainee Salary FAQs

What is the salary of Graduate Trainee at Banco Products ?
The average salary of a Graduate Trainee at Banco Products in India typically ranges from ₹1.3 Lakhs to ₹3.6 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Graduate Trainee at Banco Products earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Graduate Trainee 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 5 Banco Products employees in India.
What is the estimated take home salary of a Graduate Trainee at Banco Products in India?
The estimated take-home salary of a Graduate Trainee at Banco Products in India typically ranges from ₹17,632 to ₹19,331 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from Fresher to 6 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 5 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 Graduate Trainee in India?
Greaves Cotton ₹7.1 Lakhs to ₹11.2 Lakhs per year
Varroc Group ₹1.8 Lakhs to ₹6.0 Lakhs per year
JBM Group ₹2.0 Lakhs to ₹4.5 Lakhs per year
Suprajit Engineering ₹2.2 Lakhs to ₹3.0 Lakhs per year
Shanthi Gears ₹2.5 Lakhs to ₹2.6 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 Graduate Trainee in companies similar to Banco Products in India?
The salary of a Graduate Trainee at companies similar to Banco Products in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Sundaram Auto Components ₹2.1 Lakhs to ₹3.0 Lakhs per year
Endurance Technologies ₹1.8 Lakhs to ₹2.1 Lakhs per year
Talbros ₹0.9 Lakhs to ₹2.2 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 Graduate Trainee at Banco Products in India?
The salary growth for a Graduate Trainee at Banco Products depends on factors such as experience, performance, and promotions. On average, a Graduate Trainee can expect the following growth trajectory at Banco Products:

Experience Average Salary Range
Fresher ₹2.7 Lakhs to ₹3.4 Lakhs per year
1 year ₹2.5 Lakhs to ₹3.2 Lakhs per year
2 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years ₹2.2 Lakhs to ₹2.9 Lakhs per year
and so on.

Tell us how to improve this page.

Banco Products Graduate Trainee salary in India ranges between ₹1.3 Lakh to ₹3.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Banco Products latest salaries received from various employees of Banco Products.