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Bank of India Branch Manager salaries in Bhubaneswar

Annual salary range
6 - 12 years exp.
₹8.4 Lakhs - ₹15.4 Lakhs
Salary of majority employees
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49% more than the average Branch Manager Salary in Banking Companies for 6 - 12 years of experience

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Last Updated: 10 Jun 2023

Companies similar to Bank of India for Branch Manager in Bhubaneswar

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Bank of India Branch Manager Salary

6 - 12 years exp. (5 salaries)

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₹8.4 L/yr - ₹15.4 L/yr

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Company name Avg Annual Salary Open Jobs
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Bank of Maharashtra Branch Manager Salary

8 - 12 years exp. (3 salaries)

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₹12 L/yr - ₹22 L/yr

arrow icon 20% more
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₹6.5 L/yr - ₹14.5 L/yr

arrow icon 11% less
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₹3.5 L/yr - ₹11 L/yr

arrow icon 33% less
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DCB Bank Branch Manager Salary

12 - 15 years exp. (12 salaries)

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₹6.2 L/yr - ₹12.5 L/yr

arrow icon 19% less
1 job opening
Branch Manager salary at Bank of India ranges between ₹8.4 Lakhs to ₹15.4 Lakhs per year for employees with experience between 6 years to 12 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 Branch Manager in Bhubaneswar

1y ago
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8 years exp.

Experience wise Bank of India Branch Manager salaries in Bhubaneswar

Last Updated: 10 Jun 2023

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹8.4 L/yr - ₹20.3 L/yr
7 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)

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₹9.6 L/yr - ₹22.8 L/yr
9 years (AmbitionBox Estimate)

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₹12 L/yr - ₹15.4 L/yr
10 years (AmbitionBox Estimate)

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₹9 L/yr - ₹25.3 L/yr
View all

Salary related reviews for Bank of India

Full Time

 · 

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
  • Job security - Excellent

Dislikes

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

  • Promotions - Poor
  • +2 more

Foreign Exchange Department

4.0
  •  posted on 10 Jun 2018

2.0
 for  Salary and Benefits

Likes

Good working environment, good career growth, fully secured job.

  • Job security - Excellent
  • +3 more

Dislikes

...rence of the unions & officers association in the management. Too much politics. Salary not commensurate with the responsibility & accountability.

read more
  • Salary - Poor

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....

read more

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.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

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

read more
  • Job security - Excellent

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.

read more
  • Skill development - Poor
  • +3 more

Full Time

 · 

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,

read more
  • Job security - Excellent

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.

read more
  • Salary - Poor
  • +5 more
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Bank of India Branch Manager Salary FAQs

What is the salary of Branch Manager at Bank of India in Bhubaneswar?
The average salary of a Branch Manager at Bank of India in Bhubaneswar typically ranges from ₹8.4 Lakhs to ₹15.4 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Branch Manager in Bhubaneswar at Bank of India earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Branch Manager Salaries at Bank of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Bank of India employees in India.
What is the estimated take home salary of a Branch Manager at Bank of India in Bhubaneswar?
The estimated take-home salary of a Branch Manager at Bank of India in Bhubaneswar typically ranges from ₹91,833 to ₹94,291 per month. This is based on the average salary range of ₹8.4 Lakhs to ₹15.4 Lakhs per year for employees with experience ranging from 6 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of India for Branch Manager in India?
Bank of Maharashtra ₹12.0 Lakhs to ₹22.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of India, depending on the role and experience level.
What is the salary of a Branch Manager in companies similar to Bank of India in Bhubaneswar?
The salary of a Branch Manager at companies similar to Bank of India in Bhubaneswar varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹14.5 Lakhs per year
DCB Bank ₹6.2 Lakhs to ₹12.5 Lakhs per year
Utkarsh Small Finance Bank ₹3.5 Lakhs to ₹11.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Branch Manager at Bank of India in Bhubaneswar?
The salary growth for a Branch Manager at Bank of India in Bhubaneswar depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Bhubaneswar can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
6 years ₹8.4 Lakhs to ₹20.3 Lakhs per year
7 years ₹4.8 Lakhs to ₹12.0 Lakhs per year
8 years ₹9.6 Lakhs to ₹22.8 Lakhs per year
9 years ₹12.0 Lakhs to ₹15.4 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of India Branch Manager salary in Bhubaneswar ranges between ₹8.4 Lakhs to ₹15.4 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.