Bank of India MD Salaries by Employees (Updated 2024)

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₹2.2 Lakhs - ₹2.8 Lakhs

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Last Updated: 29 Jun 2023

Companies similar to Bank of India for MD

Company name	Avg Annual Salary	Open Jobs
Barclays MD Salary 15 - 25 years exp. (3 salaries)	₹1.4 Cr/yr - ₹3.5 Cr/yr 10485% more
American Broadcasting Company MD Salary 0 - 30 years exp. (10 salaries)	₹18.9 L/yr - ₹50 L/yr 1359% more
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R G Technosolutions MD Salary 1 - 31 years exp. (9 salaries)	₹1 L/yr - ₹12 L/yr 128% more
Xyz Company MD Salary 1 - 12 years exp. (8 salaries)	₹5 L/yr - ₹15 L/yr 296% more

MD salary at Bank of India ranges between ₹2.2 Lakhs to ₹2.8 Lakhs per year for employees with 5 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Bank of India.

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Salary related reviews for Bank of India

Clerk in Ahmedabad

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

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.

Chief Manager in Mumbai

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.

Dislikes

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

Business Consultant in Bank Of India, Ashoka Road, Mysore.

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Jul 2023

2.0

for Salary and Benefits

Likes

Working sorouding was good, chief manager Mr. Bongano Ramarao guided me very well.All staff people were co operative. As it was field work, other persons were going to field work, what they were bringing account's were opening by me in the bank.

Dislikes

...t like field work, that to so far village's. That works will be perfect for men. And also they won't keep attendance, no more salary, no incentives. At least for good job, who know to work in system, they can promote to some clerk post....or some office work.

General Manager in Mumbai

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.

Dislikes

Nothing

Chief Manager in New Delhi

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.

Dislikes

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

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bank of India MD Salary FAQs

What is the notice period for MD at Bank of India?

According to AmbitionBox, 100% of the Bank of India MDs reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Bank of India MD Salaries

Bank of India MD salary in India ranges between ₹2.2 Lakhs to ₹2.8 Lakhs. This is an estimate based on latest salaries received from employees of Bank of India.