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Bank of India Credit Officer salaries in India

Annual salary range
0 - 7 years exp.
₹5 Lakhs - ₹14 Lakhs
Salary of majority employees
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183% more than the average Credit Officer Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Officer Salary
1 - 7 years exp. (27 salaries)
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₹6.5 L/yr - ₹13.5 L/yr

Finance & Accounting
Credit Officer Salary
0 - 6 years exp. (17 salaries)
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₹6 L/yr - ₹14 L/yr

Data Science & Analytics
Credit Officer Salary
2 - 4 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹10.7 L/yr

Risk Management & Compliance
Credit Officer Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹8.2 L/yr - ₹10.7 L/yr

Last Updated: 10 Dec 2024

Companies similar to Bank of India for Credit Officer

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

2 - 8 years exp. (31 salaries)

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₹8.5 L/yr - ₹17 L/yr

arrow icon 14% more
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ICICI Bank Credit Officer Salary

0 - 6 years exp. (118 salaries)

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₹1.2 L/yr - ₹4.7 L/yr

arrow icon 75% less
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HDFC Bank Credit Officer Salary

1 - 8 years exp. (251 salaries)

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₹1.2 L/yr - ₹4 L/yr

arrow icon 75% less
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Axis Bank Credit Officer Salary

0 - 6 years exp. (175 salaries)

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₹1.2 L/yr - ₹6.8 L/yr

arrow icon 64% less
1 job opening
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Punjab National Bank Credit Officer Salary

0 - 4 years exp. (6 salaries)

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₹5.3 L/yr - ₹12 L/yr

arrow icon 4% more
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Kotak Mahindra Bank Credit Officer Salary

1 - 6 years exp. (96 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 74% less
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Yes Bank Credit Officer Salary

2 - 10 years exp. (50 salaries)

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₹2 L/yr - ₹4 L/yr

arrow icon 72% less
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IDFC FIRST Bank Credit Officer Salary

0 - 6 years exp. (38 salaries)

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₹2.1 L/yr - ₹4.9 L/yr

arrow icon 73% less
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IndusInd Bank Credit Officer Salary

1 - 9 years exp. (137 salaries)

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₹1.5 L/yr - ₹4.2 L/yr

arrow icon 73% less
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Federal Bank Credit Officer Salary

0 - 6 years exp. (21 salaries)

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₹5.1 L/yr - ₹16 L/yr

arrow icon 6% more
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₹1.9 L/yr - ₹6 L/yr

arrow icon 58% less
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₹1.2 L/yr - ₹4.4 L/yr

arrow icon 70% less
1 job opening
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AU Small Finance Bank Credit Officer Salary

0 - 6 years exp. (367 salaries)

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₹1.3 L/yr - ₹3.8 L/yr

arrow icon 73% less
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Bank of Baroda Credit Officer Salary

5 - 12 years exp. (106 salaries)

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₹6 L/yr - ₹20 L/yr

arrow icon 35% more
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Jana Small Finance Bank Credit Officer Salary

1 - 7 years exp. (47 salaries)

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₹1.3 L/yr - ₹3.5 L/yr

arrow icon 74% less
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Bandhan Bank Credit Officer Salary

0 - 9 years exp. (36 salaries)

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₹1.3 L/yr - ₹5 L/yr

arrow icon 67% less
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Union Bank of India Credit Officer Salary

2 - 13 years exp. (18 salaries)

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₹6.5 L/yr - ₹19.5 L/yr

arrow icon 21% more
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IDBI Bank Credit Officer Salary

0 - 13 years exp. (16 salaries)

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₹7 L/yr - ₹18 L/yr

arrow icon 38% more
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Canara Bank Credit Officer Salary

7 - 12 years exp. (16 salaries)

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₹8 L/yr - ₹19.5 L/yr

arrow icon 28% more
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Standard Chartered Credit Officer Salary

1 - 7 years exp. (16 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 74% less
View all
Credit Officer salary at Bank of India ranges between ₹5 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 72 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Credit Officer

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Experience wise Bank of India Credit Officer salaries

Last Updated: 10 Dec 2024

Experience Avg Annual Salary
Fresher  (6 salaries)

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₹6.7 L/yr - ₹10.8 L/yr
1 year  (6 salaries)

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₹6 L/yr - ₹10.3 L/yr
2 years  (13 salaries)

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₹5 L/yr - ₹10.5 L/yr
3 years  (13 salaries)

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₹7 L/yr - ₹13.2 L/yr
4 years  (13 salaries)

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₹6.5 L/yr - ₹14 L/yr
View all

Similar Designation salaries in Bank of India

Credit Manager Salary
(81 salaries)
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₹7 L/yr - ₹21 L/yr
Sales Officer Salary
(6 salaries)
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₹0.4 L/yr - ₹4.1 L/yr
Credit Analyst Salary
(4 salaries)
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₹15 L/yr - ₹20 L/yr
Senior Credit Officer Salary
(AmbitionBox Estimate)
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₹10.1 L/yr - ₹12.9 L/yr
Officer Salary
(42 salaries)
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₹4 L/yr - ₹11 L/yr
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₹3 L/yr - ₹9 L/yr
Branch Manager Salary
(75 salaries)
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₹6.75 L/yr - ₹22 L/yr
Deputy Manager Salary
(4 salaries)
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₹3 L/yr - ₹16 L/yr
Chief Manager Salary
(156 salaries)
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₹11.24 L/yr - ₹37 L/yr
Zonal Credit Manager Salary
(AmbitionBox Estimate)
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₹17.6 L/yr - ₹22.4 L/yr
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Salary related reviews for Bank of India

3.0

Rated by 14 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 26 May 2022

3.0
 for  Salary and Benefits

Likes

You want stability and job security than Public Sector Undertaking is good for you. But you think you want to grow and have something which separates you from general public than you should look for private entity.

read more
  • Job security - Excellent

Dislikes

...fference between highly knowledgeable and skilled employee and average employee. Both gets same salary and promotion eligibility remains same for both.

read more
  • Skill development - Poor
  • +2 more

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
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Bank of India Credit Officer Salary FAQs

What is the salary of Credit Officer at Bank of India?
Credit Officer salary at Bank of India in India ranges between ₹5.0 Lakhs to ₹14.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 183% more than the average Credit Officer Salary in India. Salary estimates are based on 72 latest salaries received from various employees of Bank of India India.
How does the salary of a Credit Officer at Bank of India India compare with the average salary range for this job?
The average salary of a Credit Officer at Bank of India is 183% more than the average salary of a Credit Officer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Bank of India to a Credit Officer in India?
  • Central Bank of India Credit Officer Salary - ₹12.4 Lakhs to ₹21.5 Lakhs per year
  • NatWest Group Credit Officer Salary - ₹7.8 Lakhs to ₹20.0 Lakhs per year
  • IDBI Bank Credit Officer Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
  • Bank of Baroda Credit Officer Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
  • Bank of Maharashtra Credit Officer Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
What is the salary of a Credit Officer in companies similar to Bank of India in India?
  • Canara Bank Credit Officer Salary - ₹8.0 Lakhs to ₹19.5 Lakhs per year
  • Union Bank of India Credit Officer Salary - ₹6.5 Lakhs to ₹19.5 Lakhs per year
  • Indian Bank Credit Officer Salary - ₹9.0 Lakhs to ₹12.5 Lakhs per year
  • State Bank of India Credit Officer Salary - ₹8.5 Lakhs to ₹17.0 Lakhs per year
  • Federal Bank Credit Officer Salary - ₹5.1 Lakhs to ₹16.0 Lakhs per year
What is the estimated take home salary of a Credit Officer at Bank of India in India?
The estimated take-home salary of a Credit Officer at Bank of India ranges between ₹73,707 per month to ₹75,611 per month in India. The take-home salary calculation is based on the average Bank of India Credit Officer salary in India which ranges between ₹5.0 Lakhs to ₹14.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?
What is the notice period for Credit Officer at Bank of India?
According to AmbitionBox, 77% of the Bank of India Credit Officers reported a notice period of 3 Months, 12% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 35 responses on AmbitionBox in last 2 years.

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Bank of India Credit Officer salary in India ranges between ₹5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 72 Bank of India latest salaries received from various employees of Bank of India.

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