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Bank of India

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Bank of India Officer salaries in Mumbai

Annual salary range
1 - 7 years exp.
₹6 Lakhs - ₹10.8 Lakhs
Salary of majority employees
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49% more than the average Officer Salary in Banking Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Officer Salary
3 - 7 years exp. (4 salaries)
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₹6 L/yr - ₹10.8 L/yr

Risk Management & Compliance
Officer Salary
6 years exp. (AmbitionBox Estimate)
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₹9.5 L/yr - ₹10.3 L/yr

Last Updated: 27 Oct 2024

Companies similar to Bank of India for Officer in Mumbai

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Bank of India Officer Salary

1 - 7 years exp. (8 salaries)

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₹6 L/yr - ₹10.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Bank Officer Salary

0 - 6 years exp. (247 salaries)

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₹1.5 L/yr - ₹4.3 L/yr

arrow icon 68% less
2 job openings
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HDFC Bank Officer Salary

0 - 8 years exp. (149 salaries)

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₹1.5 L/yr - ₹5 L/yr

arrow icon 68% less
5 job openings
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ICICI Bank Officer Salary

0 - 6 years exp. (104 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 69% less
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Yes Bank Officer Salary

0 - 7 years exp. (95 salaries)

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₹1.5 L/yr - ₹4 L/yr

arrow icon 68% less
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IndusInd Bank Officer Salary

0 - 5 years exp. (89 salaries)

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₹1.5 L/yr - ₹4 L/yr

arrow icon 67% less
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IDFC FIRST Bank Officer Salary

1 - 7 years exp. (70 salaries)

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₹1.6 L/yr - ₹4.6 L/yr

arrow icon 63% less
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Federal Bank Officer Salary

0 - 3 years exp. (32 salaries)

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₹7.5 L/yr - ₹15 L/yr

arrow icon 45% more
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Bank of America Officer Salary

1 - 13 years exp. (30 salaries)

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₹9.8 L/yr - ₹20.2 L/yr

arrow icon 45% more
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Standard Chartered Officer Salary

1 - 6 years exp. (26 salaries)

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 59% less
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Bank of Baroda Officer Salary

0 - 11 years exp. (20 salaries)

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₹7.4 L/yr - ₹15 L/yr

arrow icon 7% more
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Canara Bank Officer Salary

3 - 12 years exp. (13 salaries)

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₹9 L/yr - ₹15 L/yr

arrow icon 50% more
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Deutsche Bank Officer Salary

0 - 7 years exp. (12 salaries)

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₹2.5 L/yr - ₹4.6 L/yr

arrow icon 61% less
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Kotak Mahindra Bank Officer Salary

3 - 7 years exp. (7 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 71% less
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Punjab National Bank Officer Salary

6 - 11 years exp. (4 salaries)

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₹6 L/yr - ₹13 L/yr

arrow icon 19% more
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AU Small Finance Bank Officer Salary

1 - 4 years exp. (3 salaries)

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₹2.7 L/yr - ₹3 L/yr

arrow icon 68% less
Officer salary at Bank of India ranges between ₹6 Lakhs to ₹10.8 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 8 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Officer in Mumbai

4mo ago
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6 years exp.
11mo ago
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1 year exp.
1y ago
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4 years exp.

Experience wise Bank of India Officer salaries in Mumbai

Last Updated: 27 Oct 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹8 L/yr - ₹15.6 L/yr
2 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹10 L/yr
3 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹15.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹10.8 L/yr
5 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹10.5 L/yr
View all
Bank of India Officer Salary and Career Growth

From

To

Officer

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1 - 10 years exp.

Assistant General Manager

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19 - 31 years exp.

Officer

1 - 10 years exp.
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Manager

4 - 15 years exp.
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arrow icon 58% hike

Senior Manager

9 - 13 years exp.
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arrow icon 54% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bank of India

Chief Manager Salary
(49 salaries)
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₹13 L/yr - ₹45 L/yr
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₹15 L/yr - ₹55 L/yr
Clerk Salary
(5 salaries)
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₹1.8 L/yr - ₹6.85 L/yr

Salary related reviews for Bank of India

4.9

Rated by 2 employees for salary & benefits

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

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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,

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 Salary FAQs

What is the salary of Officer at Bank of India in Mumbai?
The average salary of a Officer at Bank of India in Mumbai typically ranges from ₹6.0 Lakhs to ₹10.8 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Officer in Mumbai at Bank of India earn more than ₹10.7 Lakhs per year, and the top 1% earn over ₹10.8 Lakhs per year. Officer 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 8 Bank of India employees in India.
What is the estimated take home salary of a Officer at Bank of India in Mumbai?
The estimated take-home salary of a Officer at Bank of India in Mumbai typically ranges from ₹64,276 to ₹65,914 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.8 Lakhs per year for employees with experience ranging from 1 year to 7 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 8 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 Officer in India?
Canara Bank ₹9.0 Lakhs to ₹15.0 Lakhs per year
Bank of America ₹9.8 Lakhs to ₹20.2 Lakhs per year
Federal Bank ₹7.5 Lakhs to ₹15.0 Lakhs per year
Punjab National Bank ₹6.0 Lakhs to ₹13.0 Lakhs per year
Bank of Baroda ₹7.4 Lakhs to ₹15.0 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 Officer in companies similar to Bank of India in Mumbai?
The salary of a Officer at companies similar to Bank of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Standard Chartered ₹1.8 Lakhs to ₹4.5 Lakhs per year
Deutsche Bank ₹2.5 Lakhs to ₹4.6 Lakhs per year
IDFC FIRST Bank ₹1.6 Lakhs to ₹4.6 Lakhs per year
IndusInd Bank ₹1.5 Lakhs to ₹4.0 Lakhs per year
Yes Bank ₹1.5 Lakhs to ₹4.0 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 Officer at Bank of India in Mumbai?
The salary growth for a Officer at Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Officer in Mumbai can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
1 year ₹8.0 Lakhs to ₹15.6 Lakhs per year
2 years ₹7.8 Lakhs to ₹10.0 Lakhs per year
3 years ₹6.5 Lakhs to ₹15.7 Lakhs per year
4 years ₹3.5 Lakhs to ₹10.8 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of India Officer salary in Mumbai ranges between ₹6 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Bank of India latest salaries received from various employees of Bank of India.