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Bank of India

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Bank of India Officer Grade 1 salaries in India

Annual salary range
6 - 8 years exp.
₹8 Lakhs - ₹12 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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77% more than the average Officer Grade 1 Salary in Banking Companies for 6 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Officer Grade 1 Salary
7 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹11 L/yr

Finance & Accounting
Officer Grade 1 Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹10.8 L/yr - ₹12 L/yr

Last Updated: 7 Mar 2024

Companies similar to Bank of India for Officer Grade 1

Company name Avg Annual Salary Open Jobs
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State Bank of India Officer Grade 1 Salary

5 - 11 years exp. (5 salaries)

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₹8 L/yr - ₹10.5 L/yr

arrow icon 9% less
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HDFC Bank Officer Grade 1 Salary

1 - 6 years exp. (6 salaries)

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₹2 L/yr - ₹2.7 L/yr

arrow icon 77% less
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Axis Bank Officer Grade 1 Salary

0 - 4 years exp. (20 salaries)

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₹1.8 L/yr - ₹2.8 L/yr

arrow icon 76% less
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Punjab National Bank Officer Grade 1 Salary

3 - 6 years exp. (4 salaries)

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₹8.8 L/yr - ₹11.4 L/yr

arrow icon 7% less
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Bank of Baroda Officer Grade 1 Salary

4 - 10 years exp. (8 salaries)

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₹8.5 L/yr - ₹14 L/yr

arrow icon 5% more
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IndusInd Bank Officer Grade 1 Salary

0 - 3 years exp. (6 salaries)

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₹2.3 L/yr - ₹3 L/yr

arrow icon 75% less
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Federal Bank Officer Grade 1 Salary

0 - 3 years exp. (33 salaries)

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₹6.1 L/yr - ₹13 L/yr

arrow icon 3% less
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Canara Bank Officer Grade 1 Salary

2 - 12 years exp. (23 salaries)

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₹8.5 L/yr - ₹15 L/yr

arrow icon 3% more
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₹2 L/yr - ₹2.2 L/yr

arrow icon 81% less
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₹1.7 L/yr - ₹2.7 L/yr

arrow icon 81% less
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Reserve Bank of India Officer Grade 1 Salary

0 - 3 years exp. (4 salaries)

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₹18 L/yr - ₹31 L/yr

arrow icon 125% more
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Indian Bank Officer Grade 1 Salary

3 - 30 years exp. (4 salaries)

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₹6 L/yr - ₹12 L/yr

arrow icon 8% less
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Bandhan Bank Officer Grade 1 Salary

3 - 4 years exp. (3 salaries)

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₹1.8 L/yr - ₹1.9 L/yr

arrow icon 83% less
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AU Small Finance Bank Officer Grade 1 Salary

0 - 4 years exp. (3 salaries)

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₹1.8 L/yr - ₹2.3 L/yr

arrow icon 81% less
Officer Grade 1 salary at Bank of India ranges between ₹8 Lakhs to ₹12 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Officer Grade 1

11mo ago
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8 years exp.
1y ago
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6 years exp.
1y ago
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7 years exp.
1y ago
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7 years exp.

Experience wise Bank of India Officer Grade 1 salaries

Last Updated: 7 Mar 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹11 L/yr
7 years (AmbitionBox Estimate)

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₹8 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹12 L/yr

Similar Designation salaries in Bank of India

Officer Salary
(42 salaries)
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₹4 L/yr - ₹11 L/yr
Software Tester Salary
(AmbitionBox Estimate)
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₹0.1 L/yr - ₹0.1 L/yr
Junior Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Deputy Manager Salary
(4 salaries)
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₹3 L/yr - ₹16 L/yr
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₹1.7 L/yr - ₹9.65 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
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Salary related reviews for Bank of India

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

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

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
see more salary related reviews

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Bank of India Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at Bank of India?
Officer Grade 1 salary at Bank of India in India ranges between ₹8.0 Lakhs to ₹12.0 Lakhs for experience between 6 years to 8 years. According to our estimates it is 77% more than the average Officer Grade 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of India India.
How does the salary of a Officer Grade 1 at Bank of India India compare with the average salary range for this job?
The average salary of a Officer Grade 1 at Bank of India is 77% more than the average salary of a Officer Grade 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Bank of India to a Officer Grade 1 in India?
  • Reserve Bank of India Officer Grade 1 Salary - ₹18.0 Lakhs to ₹31.0 Lakhs per year
  • Bank of Baroda Officer Grade 1 Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
  • Canara Bank Officer Grade 1 Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year
What is the salary of a Officer Grade 1 in companies similar to Bank of India in India?
  • Federal Bank Officer Grade 1 Salary - ₹6.1 Lakhs to ₹13.0 Lakhs per year
  • Punjab National Bank Officer Grade 1 Salary - ₹8.8 Lakhs to ₹11.4 Lakhs per year
  • Indian Bank Officer Grade 1 Salary - ₹6.0 Lakhs to ₹12.0 Lakhs per year
  • State Bank of India Officer Grade 1 Salary - ₹8.0 Lakhs to ₹10.5 Lakhs per year
  • IndusInd Bank Officer Grade 1 Salary - ₹2.3 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Officer Grade 1 at Bank of India in India?
The estimated take-home salary of a Officer Grade 1 at Bank of India ranges between ₹76,220 per month to ₹78,196 per month in India. The take-home salary calculation is based on the average Bank of India Officer Grade 1 salary in India which ranges between ₹8.0 Lakhs to ₹12.0 Lakhs per year for employees with experience between 6 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Officer Grade 1 at Bank of India?
According to AmbitionBox, 60% of the Bank of India Officer Grade 1s reported a notice period of 3 Months, 20% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Bank of India Officer Grade 1 salary in India ranges between ₹8 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Bank of India latest salaries received from various employees of Bank of India.