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Banco Products Purchase Officer salaries in India

Annual salary range
0 - 2 years exp.
₹2.4 Lakhs - ₹4.2 Lakhs
Salary of majority employees
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27% less than the average Purchase Officer Salary in Auto Components Companies for 0 - 2 years of experience

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Salaries in different departments

Procurement & Supply Chain
Purchase Officer Salary
0 - 2 years exp. (5 salaries)
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₹2.4 L/yr - ₹4.2 L/yr

Engineering - Hardware & Networks
Purchase Officer Salary
1 year exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.6 L/yr

Last Updated: 26 Dec 2024

Companies similar to Banco Products for Purchase Officer

Company name Avg Annual Salary Open Jobs
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Setco Automotive Purchase Officer Salary

6 - 10 years exp. (3 salaries)

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₹2.5 L/yr - ₹4.6 L/yr

arrow icon 11% more
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UNO Minda Purchase Officer Salary

1 - 7 years exp. (6 salaries)

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₹1 L/yr - ₹7.5 L/yr

arrow icon 76% more
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₹2 L/yr - ₹2.5 L/yr

arrow icon 30% less
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Bharat Forge Purchase Officer Salary

2 - 9 years exp. (3 salaries)

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₹4.5 L/yr - ₹5.8 L/yr

arrow icon 64% more
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₹2.8 L/yr - ₹5 L/yr

arrow icon 33% more
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Rico Auto Industries Purchase Officer Salary

3 - 7 years exp. (3 salaries)

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₹3.4 L/yr - ₹7.5 L/yr

arrow icon 55% more
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Fiem Industries Purchase Officer Salary

7 - 22 years exp. (6 salaries)

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₹2.4 L/yr - ₹11 L/yr

arrow icon 127% more
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Varroc Group Purchase Officer Salary

2 - 5 years exp. (6 salaries)

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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 26% more
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JBM Group Purchase Officer Salary

0 - 6 years exp. (6 salaries)

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₹1.6 L/yr - ₹3.6 L/yr

arrow icon 16% less
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Igarashi Motors Purchase Officer Salary

4 - 9 years exp. (4 salaries)

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₹2.5 L/yr - ₹3 L/yr

arrow icon 11% less
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Suprajit Engineering Purchase Officer Salary

6 - 12 years exp. (4 salaries)

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₹2.8 L/yr - ₹4.1 L/yr

arrow icon 28% more
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₹5.2 L/yr - ₹5.9 L/yr

arrow icon 82% more
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₹2.7 L/yr - ₹3.7 L/yr

arrow icon 7% more
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Subros Purchase Officer Salary

2 - 7 years exp. (3 salaries)

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₹3.3 L/yr - ₹5 L/yr

arrow icon 45% more
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Greaves Cotton Purchase Officer Salary

10 - 13 years exp. (3 salaries)

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₹4.3 L/yr - ₹5 L/yr

arrow icon 56% more
Purchase Officer salary at Banco Products ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 7 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Purchase Officer

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Experience wise Banco Products Purchase Officer salaries

Last Updated: 26 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.6 L/yr
1 year  (3 salaries)

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₹2.4 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹4.2 L/yr

Similar Designation salaries in Banco Products

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₹3.2 L/yr - ₹5 L/yr
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₹8 L/yr - ₹15 L/yr
Senior Purchase Officer Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr
Senior Officer Salary
(4 salaries)
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₹2.7 L/yr - ₹11 L/yr
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₹4.52 L/yr - ₹5.6 L/yr
Officer Salary
(10 salaries)
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₹2.28 L/yr - ₹4.2 L/yr
Senior Engineer Salary
(32 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
Buyer Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Store Executive Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
Deputy Manager Salary
(9 salaries)
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₹7.5 L/yr - ₹15.4 L/yr

Salary related reviews for Banco Products

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Rated by 1 employees for salary & benefits

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.

read more
  • 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.

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

 · 

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

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
see more salary related reviews

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Banco Products Purchase Officer Salary FAQs

What is the salary of Purchase Officer at Banco Products?
Purchase Officer salary at Banco Products in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 27% less than the average Purchase Officer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Banco Products India.
How does the salary of a Purchase Officer at Banco Products India compare with the average salary range for this job?
The average salary of a Purchase Officer at Banco Products is 27% less than the average salary of a Purchase Officer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Banco Products to a Purchase Officer in India?
  • Fiem Industries Purchase Officer Salary - ₹2.4 Lakhs to ₹11.0 Lakhs per year
  • India Nippon Electricals Purchase Officer Salary - ₹5.2 Lakhs to ₹5.9 Lakhs per year
  • UNO Minda Purchase Officer Salary - ₹1.0 Lakhs to ₹7.5 Lakhs per year
  • Bharat Forge Purchase Officer Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year
  • Greaves Cotton Purchase Officer Salary - ₹4.3 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Purchase Officer in companies similar to Banco Products in India?
  • Rico Auto Industries Purchase Officer Salary - ₹3.4 Lakhs to ₹7.5 Lakhs per year
  • Subros Purchase Officer Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year
  • Endurance Technologies Purchase Officer Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year
  • Suprajit Engineering Purchase Officer Salary - ₹2.8 Lakhs to ₹4.1 Lakhs per year
  • Varroc Group Purchase Officer Salary - ₹2.7 Lakhs to ₹5.5 Lakhs per year
What is the estimated take home salary of a Purchase Officer at Banco Products in India?
The estimated take-home salary of a Purchase Officer at Banco Products ranges between ₹21,886 per month to ₹23,371 per month in India. The take-home salary calculation is based on the average Banco Products Purchase Officer salary in India which ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?
What is the notice period for Purchase Officer at Banco Products?
According to AmbitionBox, 50% of the Banco Products Purchase Officers reported a notice period of 1 Month, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Purchase Officer salary in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Banco Products latest salaries received from various employees of Banco Products.