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Bank of India Banking Officer salaries in Mumbai

Annual salary range
1 - 31 years exp.
₹1.1 Lakh - ₹8 Lakhs
Salary of majority employees
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35% more than the average Banking Officer Salary in Banking Companies for 1 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Banking Officer Salary
1 year exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹6.2 L/yr

Finance & Accounting
Banking Officer Salary
31 years exp. (AmbitionBox Estimate)
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₹1.1 L/yr - ₹6.2 L/yr

Last Updated: 8 Oct 2023

Companies similar to Bank of India for Banking Officer in Mumbai

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Bank of India Banking Officer Salary

1 - 31 years exp. (5 salaries)

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₹1.1 L/yr - ₹8 L/yr

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Company name Avg Annual Salary Open Jobs
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State Bank of India Banking Officer Salary

2 - 10 years exp. (7 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 40% more
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ICICI Bank Banking Officer Salary

0 - 7 years exp. (81 salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 36% less
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HDFC Bank Banking Officer Salary

0 - 7 years exp. (45 salaries)

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₹1 L/yr - ₹5.2 L/yr

arrow icon 47% less
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Axis Bank Banking Officer Salary

1 - 7 years exp. (41 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 43% less
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Kotak Mahindra Bank Banking Officer Salary

1 - 8 years exp. (35 salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 36% less
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Yes Bank Banking Officer Salary

0 - 6 years exp. (19 salaries)

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₹1.8 L/yr - ₹4.6 L/yr

arrow icon 45% less
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IDFC FIRST Bank Banking Officer Salary

0 - 6 years exp. (72 salaries)

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₹2.4 L/yr - ₹4.2 L/yr

arrow icon 37% less
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IndusInd Bank Banking Officer Salary

1 - 7 years exp. (15 salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 37% less
1 job opening
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AU Small Finance Bank Banking Officer Salary

0 - 6 years exp. (20 salaries)

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₹1.8 L/yr - ₹4.7 L/yr

arrow icon 32% less
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Bank of Baroda Banking Officer Salary

1 - 8 years exp. (6 salaries)

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₹4.9 L/yr - ₹12.7 L/yr

arrow icon 67% more
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Canara Bank Banking Officer Salary

4 - 12 years exp. (4 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 89% more
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Standard Chartered Banking Officer Salary

1 - 5 years exp. (4 salaries)

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₹1.7 L/yr - ₹4.6 L/yr

arrow icon 20% less
Banking Officer salary at Bank of India ranges between ₹1.1 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 31 years. Salary estimates are based on 5 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Banking Officer in Mumbai

1y ago
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13 years exp.
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1 year exp.
1y ago
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5 years exp.
1y ago
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11 years exp.
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31 years exp.

Experience wise Bank of India Banking Officer salaries in Mumbai

Last Updated: 8 Oct 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹10.4 L/yr
2 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr
3 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
5 years (AmbitionBox Estimate)

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₹2 L/yr - ₹10.2 L/yr
View all

Similar Designation salaries in Bank of India

Accountant Salary
(3 salaries)
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₹1.65 L/yr - ₹2.5 L/yr

Salary related reviews for Bank of India

4.2

Rated by 2 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 05 Oct 2024

1.0
 for  Salary and Benefits

Likes

Only the thing is that you get salary on time and there is a provision of reimbursement....

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Dislikes

- Higher management does not know what marketing actually is on the field. The people, who are generalist and sitting at medium and top level management actually think that Marketing Officers are one who must not only grab the business but also generate it, which is not at all possible because conversion of leads into business depends on various factors and there are various stakeholders for this. Hence, conversion of leads into business cannot happen till the time everybody works as cooperative team member. - This is door to door sales job, various people opt this job by looking at false ratings of this profile on social media platforms managed by higher management. Also candidates who join this bank are optimistic at entry stage as they get selected after huge efforts through IBPS and get trapped after entering into this bank and at this profile. - General Banking Staff is jealous of Marketing Staff as they get additional petrol reimbursement due to their marketing efforts. - High level politics within bank. People who are in association of officers are like closed knit people of certain people in management and they only help those employees who can do flattery at extream level. - If you raise your voice on any legitimate issue, you would be targeted by management. - There are ghigh possibility of frequent transfers as transfer policy does not apply to Marketing Officers. - The standard operating procedure within the bank is not at all systematic. - Motivation or credit is not commensurate to efforts given by Marketing Officers, - There is absence of career path for Marketing Officers as they only can get promotions on Merit based channel and not on Seniority Based Channel. Once marketing officer reaches scale IV, he/she will have to opt for conversion to General Banking Stream. But there are very less opportunities for getting conversions. - Unlike specialist officers of other streams, Marketing Officers face huge hardships which include cold responses from customers as well as management. They seldomely are provided good place to even sit at various branches/offices of Bank Of India.

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Full Time

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BFSI, Investments & Trading Department

3.0
  •  posted on 16 Oct 2023

3.0
 for  Salary and Benefits

Likes

There is job security, salary is ok I guess Other than that I can't think of anything else

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Dislikes

Management doesn't know what goes on ground level, they keep making new policy which are against the benefits of employees, no coordination between different level management. I give you a example, there used be inter zone transfer every year but it hasn't happened in the last three year. I think I can go on and on.

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Full Time

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Customer Success, Service & Operations Department

2.0
  •  posted on 29 Nov 2023

2.0
 for  Salary and Benefits

Likes

Pay and package is good, connectivity is good. Leave, reimbursement, training, nearby posting,

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Dislikes

Rude behaviour of some staff. Rude customers. More rural branches. Less importance to staff benefits. Lot of traveling due to far postings. Claims unsettled. Boring workplace. Hr not responsive.toxic work environment due to politics.

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Full Time

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Customer Success, Service & Operations Department

2.0
  •  posted on 22 Aug 2022

3.0
 for  Salary and Benefits

Likes

Only job security

Dislikes

...f you don't have any jack then you will be getting transfers every now and then. "Jo kam karta he usko aur jo kam bilkul nahi karta" salary sab ko equal he.. shayad jo kam thik se nai karta usko pareshan nahi karenge because wo kuch karega nahi

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Full Time

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Product Management Department

4.0
  •  posted on 08 Mar 2024

3.0
 for  Salary and Benefits

Likes

Like a typical govt bank it offers 100% job security. Decent salary. If you own then you will get to lead projects end to end. Other govt perks and benefits are unparalleled.

read more

Dislikes

Sarkari culture. Sluggish work pace. Nepotism and politics. Late sitting for no reason just to appease bosses.

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Bank of India Banking Officer Salary FAQs

What is the salary of Banking Officer at Bank of India Mumbai?
Banking Officer salary at Bank of India in Mumbai ranges between ₹1.1 Lakhs to ₹8.0 Lakhs for experience between 1 years to 31 years. According to our estimates it is 35% more than the average Banking Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Bank of India Mumbai.
How does the salary of a Banking Officer at Bank of India Mumbai compare with the average salary range for this job?
The average salary of a Banking Officer at Bank of India is 35% more than the average salary of a Banking Officer in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Bank of India to a Banking Officer in Mumbai?
  • Canara Bank Banking Officer Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
  • Bank of Baroda Banking Officer Salary - ₹4.9 Lakhs to ₹12.7 Lakhs per year
  • State Bank of India Banking Officer Salary - ₹3.0 Lakhs to ₹13.0 Lakhs per year
What is the salary of a Banking Officer in companies similar to Bank of India in Mumbai?
  • Standard Chartered Banking Officer Salary - ₹1.7 Lakhs to ₹4.6 Lakhs per year
  • AU Small Finance Bank Banking Officer Salary - ₹1.8 Lakhs to ₹4.7 Lakhs per year
  • Kotak Mahindra Bank Banking Officer Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
  • ICICI Bank Banking Officer Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
  • IndusInd Bank Banking Officer Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Banking Officer at Bank of India in Mumbai?
The estimated take-home salary of a Banking Officer at Bank of India ranges between ₹41,066 per month to ₹42,215 per month in Mumbai. The take-home salary calculation is based on the average Bank of India Banking Officer salary in India which ranges between ₹1.1 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 31 years. Check how did we calculate take home salary?
What is the notice period for Banking Officer at Bank of India in Mumbai?
According to AmbitionBox, 33% of the Bank of India Banking Officers in Mumbai reported a notice period of 15 days or less, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Bank of India Banking Officer salary in Mumbai ranges between ₹1.1 Lakh to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bank of India latest salaries received from various employees of Bank of India.