Banco Products Senior Tool Design Engineer Salaries by Employees (Updated 2025)

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₹4.1 Lakhs - ₹5.2 Lakhs

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Last Updated: 18 Aug 2023

Companies similar to Banco Products for Senior Tool Design Engineer

Company name	Avg Annual Salary	Open Jobs
Hongyi JIG Rapid Technologies Senior Tool Design Engineer Salary 15 - 18 years exp. (6 salaries)	₹5.5 L/yr - ₹6.5 L/yr 35% more
Tiea Connectors Senior Tool Design Engineer Salary 9 - 11 years exp. (4 salaries)	₹6.5 L/yr - ₹8.3 L/yr 55% more
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Premier Seals India Senior Tool Design Engineer Salary 9 - 12 years exp. (4 salaries)	₹6.5 L/yr - ₹10 L/yr 86% more
VVDN Technologies Senior Tool Design Engineer Salary 5 - 7 years exp. (4 salaries)	₹5 L/yr - ₹6.5 L/yr 26% more
Tata Advanced Systems Senior Tool Design Engineer Salary 5 - 8 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 39% more

Senior Tool Design Engineer salary at Banco Products ranges between ₹4.1 Lakhs to ₹5.2 Lakhs per year for employees with 12 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Banco Products.

Similar Designation salaries in Banco Products

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Salary related reviews for Banco Products

Middle Manager in Vadodara

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.

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.

Maintenance Engineer in Vadodara

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.

Regional Manager in Gurgaon / Gurugram

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.

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

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.

Accounts Officer

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

Dislikes

Compensation is decent, but growth is slow

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Banco Products Senior Tool Design Engineer Salary FAQs

What is the notice period for Senior Tool Design Engineer at Banco Products?

According to AmbitionBox, 100% of the Banco Products Senior Tool Design Engineers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Banco Products Senior Tool Design Engineer Salaries

Banco Products Senior Tool Design Engineer salary in India ranges between ₹4.1 Lakhs to ₹5.2 Lakhs. This is an estimate based on latest salaries received from employees of Banco Products.