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Banco Products Mechanical Engg. Design salaries in Research & Development in India

Annual salary range
1 - 5 years exp.
₹1.8 Lakh - ₹3.1 Lakhs
Salary of majority employees
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56% less than the average Mechanical Engg. Design Salary in Auto Components Companies for 1 - 5 years of experience

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Last Updated: 16 Jun 2023

Companies similar to Banco Products for Mechanical Engg. Design in Research & Development department

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₹2.5 L/yr - ₹4.4 L/yr

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Mechanical Engg. Design salary at Banco Products ranges between ₹1.8 Lakh to ₹3.1 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Mechanical Engg. Design in Research & Development department

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Experience wise Banco Products Mechanical Engg. Design salaries in Research & Development department

Last Updated: 16 Jun 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹2.1 L/yr
5 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Banco Products

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₹3.45 L/yr - ₹3.7 L/yr
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₹2.4 L/yr - ₹4.8 L/yr
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NPD Engineer Salary
(AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr
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₹1.4 L/yr - ₹1.8 L/yr
Tool Room Manager Salary
(AmbitionBox Estimate)
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₹9.5 L/yr - ₹12.1 L/yr

Salary related reviews for Banco Products

1.0

Rated by 1 employees for salary & benefits

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.

read more

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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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

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 Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Banco Products in Research & Development department?
Mechanical Engg. Design salary at Banco Products in Research & Development department in India ranges between ₹1.8 Lakhs to ₹3.1 Lakhs for experience between 1 years to 5 years. According to our estimates it is 56% less than the average Mechanical Engg. Design Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Banco Products India in Research & Development department.
How does the salary of a Mechanical Engg. Design at Banco Products India in Research & Development department compare with the average salary range for this job?
The average salary of a Mechanical Engg. Design at Banco Products in Research & Development department is 56% less than the average salary of a Mechanical Engg. Design in India. To know exact salary insights, login to view.
Which similar companies are paying more than Banco Products to a Mechanical Engg. Design in Research & Development department in India?
  • ZF Commercial Vehicle Control Systems Mechanical Engg. Design Salary - ₹6.9 Lakhs to ₹13.0 Lakhs per year
  • Kinetic Engineering Mechanical Engg. Design Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year
  • Bharat Forge Mechanical Engg. Design Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
  • India Nippon Electricals Mechanical Engg. Design Salary - ₹3.3 Lakhs to ₹4.8 Lakhs per year
  • Sharda Motor Industries Mechanical Engg. Design Salary - ₹2.5 Lakhs to ₹4.4 Lakhs per year
What is the salary of a Mechanical Engg. Design in Research & Development department in companies similar to Banco Products in India?
  • Greaves Cotton Mechanical Engg. Design Salary - ₹2.4 Lakhs to ₹4.6 Lakhs per year
  • Hi Tech Gears Mechanical Engg. Design Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year
  • Igarashi Motors Mechanical Engg. Design Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
  • Endurance Technologies Mechanical Engg. Design Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
  • UCAL Fuel Systems Mechanical Engg. Design Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a Mechanical Engg. Design in Research & Development department at Banco Products in India?
The estimated take-home salary of a Mechanical Engg. Design in Research & Development department at Banco Products ranges between ₹15,877 per month to ₹17,521 per month in India. The take-home salary calculation is based on the average Banco Products Mechanical Engg. Design salary in India which ranges between ₹1.8 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Mechanical Engg. Design in Research & Development department at Banco Products?
According to AmbitionBox, 100% of the Banco Products Mechanical Engg. Designs in Research & Development department reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Mechanical Engg. Design salary in Research & Development department in India ranges between ₹1.8 Lakh to ₹3.1 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.