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Bank of India

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Bank of India Business Correspondent salaries in India

Annual salary range
0 - 10 years exp.
₹1 Lakh - ₹4.5 Lakhs
Salary of majority employees
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At par with the average Business Correspondent Salary in Banking Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Correspondent Salary
1 - 10 years exp. (7 salaries)
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₹1.3 L/yr - ₹4.5 L/yr

Customer Success, Service & Operations
Business Correspondent Salary
0 - 5 years exp. (AmbitionBox Estimate)
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₹1 L/yr - ₹2.3 L/yr

Last Updated: 29 May 2024

Companies similar to Bank of India for Business Correspondent

Company name Avg Annual Salary Open Jobs
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₹1.3 L/yr - ₹4 L/yr

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ICICI Bank Business Correspondent Salary

0 - 6 years exp. (5 salaries)

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₹2.4 L/yr - ₹3.5 L/yr

arrow icon 6% more
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HDFC Bank Business Correspondent Salary

1 - 5 years exp. (6 salaries)

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₹1.9 L/yr - ₹3.6 L/yr

arrow icon 9% less
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Axis Bank Business Correspondent Salary

2 - 7 years exp. (6 salaries)

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₹0.9 L/yr - ₹2.8 L/yr

arrow icon 20% less
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₹1.5 L/yr - ₹2.5 L/yr

arrow icon 22% less
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Bank of Baroda Business Correspondent Salary

2 - 10 years exp. (20 salaries)

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₹1.7 L/yr - ₹4.2 L/yr

arrow icon 12% less
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IndusInd Bank Business Correspondent Salary

2 - 3 years exp. (5 salaries)

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₹2.5 L/yr - ₹3 L/yr

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Canara Bank Business Correspondent Salary

1 - 6 years exp. (9 salaries)

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₹1.2 L/yr - ₹5.2 L/yr

arrow icon 4% less
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₹1.5 L/yr - ₹3 L/yr

arrow icon 13% less
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Indian Bank Business Correspondent Salary

1 - 9 years exp. (8 salaries)

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₹1.2 L/yr - ₹3 L/yr

arrow icon 15% less
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₹1 L/yr - ₹3.3 L/yr

arrow icon 23% less
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IDFC FIRST Bank Business Correspondent Salary

2 - 12 years exp. (4 salaries)

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₹2.1 L/yr - ₹4 L/yr

arrow icon 9% more
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₹2 L/yr - ₹2.9 L/yr

arrow icon 17% less
Business Correspondent salary at Bank of India ranges between ₹1 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 12 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Business Correspondent

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Experience wise Bank of India Business Correspondent salaries

Last Updated: 29 May 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1 L/yr - ₹4.4 L/yr
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹4.5 L/yr
2 years  (3 salaries)

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₹2.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹4.7 L/yr
View all

Similar Designation salaries in Bank of India

Sales Coordinator Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
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₹5 L/yr - ₹10 L/yr
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₹2.64 L/yr - ₹3.41 L/yr
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₹1.1 L/yr - ₹3.5 L/yr
Branch Sales Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹8.8 L/yr - ₹11.3 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹11.6 L/yr - ₹14.8 L/yr
Branch Manager Salary
(78 salaries)
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₹6.52 L/yr - ₹22 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Sales Officer Salary
(6 salaries)
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₹0.4 L/yr - ₹4.1 L/yr

Salary related reviews for Bank of India

4.6

Rated by 7 employees for salary & benefits

Full Time

 · 

Banking and finance Department

2.0
  •  posted on 21 Aug 2018

1.0
 for  Salary and Benefits

Likes

...employee .If i complete a payable commission work then bank give me commission .I think fixed remuneration required per month but banks are not pay for fix salary . So

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  • Skill development - Excellent

Dislikes

No any person I dislike his/ her . My staff are totally lovely .

  • Salary - Bad
  • +3 more

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.

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

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  • 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.

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  • 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,

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  • 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.

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  • Salary - Poor
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 22 Aug 2022

3.0
 for  Salary and Benefits

Likes

Only job security

  • Job security - Excellent
  • +1 more

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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  • Work satisfaction - Poor
  • +2 more
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Bank of India Business Correspondent Salary FAQs

What is the salary of Business Correspondent at Bank of India?
Business Correspondent salary at Bank of India in India ranges between ₹1.0 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 10 years. Salary estimates are based on 12 latest salaries received from various employees of Bank of India India.
Which similar companies are paying more than Bank of India to a Business Correspondent in India?
  • IDFC FIRST Bank Business Correspondent Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
  • ICICI Bank Business Correspondent Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
  • IndusInd Bank Business Correspondent Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
  • State Bank of India Business Correspondent Salary - ₹1.3 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Business Correspondent in companies similar to Bank of India in India?
  • Canara Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹5.2 Lakhs per year
  • HDFC Bank Business Correspondent Salary - ₹1.9 Lakhs to ₹3.6 Lakhs per year
  • Bank of Baroda Business Correspondent Salary - ₹1.7 Lakhs to ₹4.2 Lakhs per year
  • Central Bank of India Business Correspondent Salary - ₹1.5 Lakhs to ₹3.0 Lakhs per year
  • Indian Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Business Correspondent at Bank of India in India?
The estimated take-home salary of a Business Correspondent at Bank of India ranges between ₹18,910 per month to ₹20,589 per month in India. The take-home salary calculation is based on the average Bank of India Business Correspondent salary in India which ranges between ₹1.0 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?
What is the notice period for Business Correspondent at Bank of India?
According to AmbitionBox, 67% of the Bank of India Business Correspondents reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Bank of India Business Correspondent salary in India ranges between ₹1 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 Bank of India latest salaries received from various employees of Bank of India.