Banco Products Technician Salaries by 4 Employees (Updated 2025)

0 - 9 years exp.

₹1.7 Lakh - ₹3.5 Lakhs

Salary of majority employees

26% less than the average Technician Salary in Auto Components Companies for 0 - 9 years of experience

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Last Updated: 2 May 2023

Companies similar to Banco Products for Technician

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UNO Minda Technician Salary 3 - 5 years exp. (8 salaries)	₹2.3 L/yr - ₹3 L/yr 3% more
Rane (Madras) Technician Salary 1 - 14 years exp. (11 salaries)	₹1.7 L/yr - ₹5.4 L/yr 35% more
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Bharat Forge Technician Salary 1 - 16 years exp. (16 salaries)	₹1 L/yr - ₹7.5 L/yr 65% more
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Shanthi Gears Technician Salary 4 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹4.5 L/yr 38% more
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Fiem Industries Technician Salary 3 - 10 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 2% more
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UCAL Fuel Systems Technician Salary 0 - 20 years exp. (4 salaries)	₹1.1 L/yr - ₹4.1 L/yr 30% more
India Nippon Electricals Technician Salary 2 - 4 years exp. (4 salaries)	₹1 L/yr - ₹5.6 L/yr 32% more
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TRF Technician Salary 8 - 11 years exp. (4 salaries)	₹1.2 L/yr - ₹3 L/yr 9% less
Greaves Cotton Technician Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 2% less
Sundaram Auto Components Technician Salary 0 - 9 years exp. (3 salaries)	₹1.4 L/yr - ₹5.1 L/yr 27% more
Suprajit Engineering Technician Salary 4 - 10 years exp. (3 salaries)	₹2.1 L/yr - ₹3.8 L/yr 30% more

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Technician salary at Banco Products ranges between ₹1.7 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Technician salaries

Last Updated: 2 May 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

Similar Designation salaries in Banco Products

Electrician Salary

(4 salaries)

₹1.5 L/yr - ₹3.25 L/yr

Trainee Salary

(8 salaries)

₹1.8 L/yr - ₹2.15 L/yr

Fitter Salary

(5 salaries)

₹0.8 L/yr - ₹2 L/yr

Technical Assistant Salary

(3 salaries)

₹1.8 L/yr - ₹2.3 L/yr

ITI Fitter Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Operator Salary

(6 salaries)

₹1.5 L/yr - ₹2.2 L/yr

Supervisor Salary

(8 salaries)

₹1.7 L/yr - ₹4 L/yr

CNC Operator Salary

(3 salaries)

₹3 L/yr - ₹3.8 L/yr

Electrical Technician Salary

(4 salaries)

₹1.3 L/yr - ₹3 L/yr

Mechanical Technician Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

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.

Salary - Poor

+6 more

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.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 more

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.

Salary - Good

+6 more

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.

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.

Salary - Bad

+5 more

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

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Banco Products Technician Salary FAQs

What is the salary of Technician at Banco Products?

Technician salary at Banco Products in India ranges between ₹1.7 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 26% less than the average Technician Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Banco Products India.

How does the salary of a Technician at Banco Products India compare with the average salary range for this job?

The average salary of a Technician at Banco Products is 26% less than the average salary of a Technician in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Technician in India?

Bharat Forge Technician Salary - ₹1.0 Lakhs to ₹7.5 Lakhs per year
Shanthi Gears Technician Salary - ₹2.1 Lakhs to ₹4.5 Lakhs per year
Rane (Madras) Technician Salary - ₹1.7 Lakhs to ₹5.4 Lakhs per year
India Nippon Electricals Technician Salary - ₹1.0 Lakhs to ₹5.6 Lakhs per year
UCAL Fuel Systems Technician Salary - ₹1.1 Lakhs to ₹4.1 Lakhs per year

What is the salary of a Technician in companies similar to Banco Products in India?

Suprajit Engineering Technician Salary - ₹2.1 Lakhs to ₹3.8 Lakhs per year
Sundaram Auto Components Technician Salary - ₹1.4 Lakhs to ₹5.1 Lakhs per year
Hi Tech Gears Technician Salary - ₹1.9 Lakhs to ₹4.0 Lakhs per year
Rico Auto Industries Technician Salary - ₹2.5 Lakhs to ₹3.8 Lakhs per year
Automotive Stampings and Assemblies Technician Salary - ₹2.8 Lakhs to ₹3.0 Lakhs per year

What is the estimated take home salary of a Technician at Banco Products in India?

The estimated take-home salary of a Technician at Banco Products ranges between ₹17,080 per month to ₹18,787 per month in India. The take-home salary calculation is based on the average Banco Products Technician salary in India which ranges between ₹1.7 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?

What is the notice period for Technician at Banco Products?

According to AmbitionBox, 100% of the Banco Products Technicians reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Banco Products Technician Salaries

Banco Products Technician salary in India ranges between ₹1.7 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Banco Products latest salaries received from various employees of Banco Products.