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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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Annual salary range
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₹3.2
Lakhs - ₹4.1
Lakhs
Low Confidence 
Low confidence means that this average salary is based on data that was reported by very few people.
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salaryInterested in this particular role?
Companies similar to Banco Products for new Product Development Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Sharda Motor Industries new Product Development Engineer Salary
0 - 5 years exp. (11 salaries) |  ₹2.4 L/yr - ₹5.2 L/yr 
9%
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 UNO Minda new Product Development Engineer Salary
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19%
more | |
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| ||
 TVS Sundram Fasteners new Product Development Engineer Salary
0 - 10 years exp. (8 salaries) | ₹1.7 L/yr - ₹4.8 L/yr
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 Rane (Madras) new Product Development Engineer Salary
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 Bharat Forge new Product Development Engineer Salary
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 Endurance Technologies new Product Development Engineer Salary
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 JBM Group new Product Development Engineer Salary
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 Varroc Group new Product Development Engineer Salary
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 MARK EXHAUST SYSTEMS new Product Development Engineer Salary
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 Suprajit Engineering new Product Development Engineer Salary
1 - 8 years exp. (5 salaries) | ₹3.5 L/yr - ₹5.5 L/yr
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 India Nippon Electricals new Product Development Engineer Salary
4 - 7 years exp. (5 salaries) | ₹1.8 L/yr - ₹6.6 L/yr
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| ||
 Subros new Product Development Engineer Salary
3 - 14 years exp. (5 salaries) | ₹2.6 L/yr - ₹9.2 L/yr
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 Fiem Industries new Product Development Engineer Salary
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 Sundaram Auto Components new Product Development Engineer Salary
1 - 3 years exp. (4 salaries) | ₹2.4 L/yr - ₹3 L/yr
27%
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 Alicon Castalloy new Product Development Engineer Salary
1 - 6 years exp. (4 salaries) | ₹2.7 L/yr - ₹4.8 L/yr
5%
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 Shivam Autotech new Product Development Engineer Salary
2 - 4 years exp. (4 salaries) | ₹2.7 L/yr - ₹10 L/yr
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 Madras Radiators and Pressings Limited new Product Development Engineer Salary
3 - 6 years exp. (4 salaries) | ₹2.7 L/yr - ₹3.5 L/yr
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 Igarashi Motors new Product Development Engineer Salary
0 - 4 years exp. (3 salaries) | ₹2.4 L/yr - ₹3 L/yr
29%
less | |
 Saint Gobain Sekurit India new Product Development Engineer Salary
8 - 10 years exp. (3 salaries) | ₹4.6 L/yr - ₹5.5 L/yr
39%
more | |
new Product Development Engineer salary at Banco Products ranges between ₹3.2
Lakhs
to ₹4.1
Lakhs
per year for employees with 1 year of experience. Salary
estimates are based on
1 latest salaries received
from various employees of Banco Products.
Similar Designation salaries in Banco Products
Top skills at Banco Products for new Product Development Engineer
PPAP
Apqp
NPD
Industrial Construction
New Product Development
New Product Development
Typing Speed
NPD
WID
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Salary Discussions, Hike & Promotions
2w
a senior consultant
Retention offer
Hello,
Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus
Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L)
I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance.
The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte.
Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too
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- Banco Products new Product Development Engineer Salaries
Banco Products new Product Development Engineer salary in India ranges between ₹3.2 Lakhs to ₹4.1 Lakhs. This is an estimate based on latest salaries received from employees of Banco Products.