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Bank of India

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Bank of India General Manager salaries in India

Annual salary range
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₹18 Lakhs - ₹42 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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17% less than the average General Manager Salary in Banking Companies for 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading
General Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹36 L/yr - ₹44 L/yr

Finance & Accounting
General Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹37.8 L/yr - ₹46.2 L/yr

Administration & Facilities
General Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹24.3 L/yr - ₹29.7 L/yr

Last Updated: 12 Aug 2024

Companies similar to Bank of India for General Manager

Company name Avg Annual Salary Open Jobs
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State Bank of India General Manager Salary

20 - 31 years exp. (32 salaries)

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₹24.6 L/yr - ₹75 L/yr

arrow icon 37% more
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ICICI Bank General Manager Salary

0 - 15 years exp. (12 salaries)

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₹9 L/yr - ₹22.5 L/yr

arrow icon 48% less
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HDFC Bank General Manager Salary

0 - 14 years exp. (9 salaries)

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₹22.9 L/yr - ₹41.8 L/yr

arrow icon 24% less
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Axis Bank General Manager Salary

1 - 8 years exp. (5 salaries)

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₹9 L/yr - ₹20 L/yr

arrow icon 52% less
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₹20.2 L/yr - ₹24 L/yr

arrow icon 31% less
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Yes Bank General Manager Salary

2 - 30 years exp. (3 salaries)

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₹1.3 L/yr - ₹12 L/yr

arrow icon 82% less
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IDBI Bank General Manager Salary

20 - 31 years exp. (22 salaries)

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₹24 L/yr - ₹55 L/yr

arrow icon 21% more
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Punjab National Bank General Manager Salary

22 - 31 years exp. (5 salaries)

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₹15 L/yr - ₹47.5 L/yr

arrow icon 16% more
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Union Bank of India General Manager Salary

28 - 32 years exp. (7 salaries)

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₹15 L/yr - ₹40 L/yr

arrow icon 11% less
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AU Small Finance Bank General Manager Salary

5 - 20 years exp. (32 salaries)

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₹13.5 L/yr - ₹30 L/yr

arrow icon 29% less
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Reserve Bank of India General Manager Salary

10 - 31 years exp. (17 salaries)

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₹25 L/yr - ₹95 L/yr

arrow icon 80% more
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Central Bank of India General Manager Salary

8 - 31 years exp. (6 salaries)

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₹13 L/yr - ₹35 L/yr

arrow icon 24% less
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Bank of Baroda General Manager Salary

27 - 33 years exp. (6 salaries)

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₹40 L/yr - ₹94 L/yr

arrow icon 72% more
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IndusInd Bank General Manager Salary

4 - 6 years exp. (4 salaries)

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₹6.1 L/yr - ₹14.5 L/yr

arrow icon 65% less
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Indian Bank General Manager Salary

23 - 31 years exp. (3 salaries)

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₹22 L/yr - ₹36 L/yr

arrow icon 9% less
General Manager salary at Bank of India ranges between ₹18 Lakhs to ₹42 Lakhs per year for employees with 31 years of experience. Salary estimates are based on 6 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India General Manager

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31 years exp.
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31 years exp.
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31 years exp.
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Experience wise Bank of India General Manager salaries

Last Updated: 12 Aug 2024

Experience Avg Annual Salary
15+ years  (6 salaries)

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₹18 L/yr - ₹42 L/yr

Similar Designation salaries in Bank of India

Area Manager Salary
(AmbitionBox Estimate)
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₹17.3 L/yr - ₹22.1 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹8.8 L/yr - ₹11.3 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
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₹15 L/yr - ₹30 L/yr
Cluster Manager Salary
(AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr
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₹1.65 L/yr - ₹7.8 L/yr
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₹14 L/yr - ₹46.76 L/yr
Front Office Manager Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
General Manager Operations Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
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₹5 L/yr - ₹10 L/yr

Salary related reviews for Bank of India

4.9

Rated by 5 employees for salary & benefits

Strategic & Top Management Department

5.0
  •  posted on 25 Feb 2018

4.0
 for  Salary and Benefits

Likes

...ce in all time zone's of the world give ample opportunities of foreign postings. Salary is as per settlement and more or less equal in all the banks. Overall it is good to work in Bank of India.

read more
  • Salary - Good
  • +6 more

Dislikes

Nothing

Full Time

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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

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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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  • 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

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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,

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

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

read more
  • Work satisfaction - Poor
  • +2 more
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Bank of India General Manager Salary FAQs

What is the salary of General Manager at Bank of India ?
The average salary of a General Manager at Bank of India in India typically ranges from ₹18.0 Lakhs to ₹42.0 Lakhs per year, depending on experience (from 31 years to 31 years).

The top 10% of General Manager at Bank of India earn more than ₹41.8 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. General 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 6 Bank of India employees in India.
What is the estimated take home salary of a General Manager at Bank of India in India?
The estimated take-home salary of a General Manager at Bank of India in India typically ranges from ₹1,87,735 to ₹1,95,086 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹42.0 Lakhs per year for employees with experience ranging from 31 years to 31 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 6 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 General Manager in India?
Reserve Bank of India ₹25.0 Lakhs to ₹95.0 Lakhs per year
Bank of Baroda ₹40.0 Lakhs to ₹94.0 Lakhs per year
State Bank of India ₹24.6 Lakhs to ₹75.0 Lakhs per year
IDBI Bank ₹24.0 Lakhs to ₹55.0 Lakhs per year
Punjab National Bank ₹15.0 Lakhs to ₹47.5 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 General Manager in companies similar to Bank of India in India?
The salary of a General Manager at companies similar to Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Indian Bank ₹22.0 Lakhs to ₹36.0 Lakhs per year
Union Bank of India ₹15.0 Lakhs to ₹40.0 Lakhs per year
HDFC Bank ₹22.9 Lakhs to ₹41.8 Lakhs per year
Central Bank of India ₹13.0 Lakhs to ₹35.0 Lakhs per year
AU Small Finance Bank ₹13.5 Lakhs to ₹30.0 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 General Manager at Bank of India in India?
The salary growth for a General Manager at Bank of India depends on factors such as experience, performance, and promotions. On average, a General Manager can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
15 years ₹18.0 Lakhs to ₹42.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of India General Manager salary in India ranges between ₹18 Lakhs to ₹42 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Bank of India latest salaries received from various employees of Bank of India.