Bank of India Risk Manager Salaries by 5 Employees (Updated 2025)

7 - 12 years exp.

₹15 Lakhs - ₹24 Lakhs

Low Confidence

Salary of majority employees

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44% more than the average Risk Manager Salary in Banking Companies for 7 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Risk Manager Salary 7 - 10 years exp. (3 salaries)	Unlock ₹15 L/yr - ₹16 L/yr
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Risk Management & Compliance Risk Manager Salary 10 years exp. (AmbitionBox Estimate)	Unlock ₹21.6 L/yr - ₹26.4 L/yr

Last Updated: 8 Feb 2025

Companies similar to Bank of India for Risk Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Risk Manager Salary 5 - 11 years exp. (7 salaries)	Unlock ₹16.5 L/yr - ₹27 L/yr 5% more
ICICI Bank Risk Manager Salary 0 - 10 years exp. (64 salaries)	Unlock ₹5.3 L/yr - ₹21.6 L/yr 27% less
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HDFC Bank Risk Manager Salary 1 - 10 years exp. (78 salaries)	Unlock ₹3.8 L/yr - ₹14.7 L/yr 51% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	Unlock ₹5.4 L/yr - ₹20 L/yr 28% less
Punjab National Bank Risk Manager Salary 2 - 8 years exp. (15 salaries)	Unlock ₹10 L/yr - ₹18 L/yr 18% less
Kotak Mahindra Bank Risk Manager Salary 0 - 17 years exp. (19 salaries)	Unlock ₹4.2 L/yr - ₹12.5 L/yr 52% less
IndusInd Bank Risk Manager Salary 9 - 17 years exp. (7 salaries)	Unlock ₹7.1 L/yr - ₹11.5 L/yr 49% less
Yes Bank Risk Manager Salary 1 - 12 years exp. (87 salaries)	Unlock ₹6 L/yr - ₹19 L/yr 41% less
IDBI Bank Risk Manager Salary 10 - 13 years exp. (3 salaries)	Unlock ₹15 L/yr - ₹37.4 L/yr 15% more
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (56 salaries)	Unlock ₹7.5 L/yr - ₹24 L/yr 3% less
Standard Chartered Risk Manager Salary 7 - 17 years exp. (25 salaries)	Unlock ₹8.6 L/yr - ₹30 L/yr 17% more
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Canara Bank Risk Manager Salary 4 - 13 years exp. (18 salaries)	Unlock ₹12 L/yr - ₹34 L/yr 11% more
Barclays Risk Manager Salary 4 - 13 years exp. (17 salaries)	Unlock ₹11 L/yr - ₹24 L/yr 3% less
NatWest Group Risk Manager Salary 6 - 17 years exp. (12 salaries)	Unlock ₹11.6 L/yr - ₹38 L/yr 21% more
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	Unlock ₹12 L/yr - ₹18.4 L/yr 15% less
Union Bank of India Risk Manager Salary 5 - 9 years exp. (10 salaries)	Unlock ₹10.3 L/yr - ₹18.5 L/yr 21% less
Indian Bank Risk Manager Salary 5 - 9 years exp. (8 salaries)	Unlock ₹12 L/yr - ₹20 L/yr 14% less
Ujjivan Small Finance Bank Risk Manager Salary 6 - 12 years exp. (7 salaries)	Unlock ₹6 L/yr - ₹19.4 L/yr 21% less
Equitas Small Finance Bank Risk Manager Salary 1 - 11 years exp. (6 salaries)	Unlock ₹2.9 L/yr - ₹5.8 L/yr 74% less
Jana Small Finance Bank Risk Manager Salary 1 - 4 years exp. (6 salaries)	Unlock ₹1.6 L/yr - ₹5.7 L/yr 69% less

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Risk Manager salary at Bank of India ranges between ₹15 Lakhs to ₹24 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Bank of India.

Experience wise Bank of India Risk Manager salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	Unlock ₹6.1 L/yr - ₹15.4 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹14.7 L/yr - ₹18.8 L/yr
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9 years (AmbitionBox Estimate)	Unlock ₹16 L/yr - ₹31.4 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹15 L/yr - ₹24 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹17.6 L/yr - ₹22.5 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹20 L/yr - ₹37.1 L/yr

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₹3.2 L/yr - ₹6.45 L/yr

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₹11.8 L/yr - ₹12 L/yr

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₹6.75 L/yr - ₹22 L/yr

Deputy Manager Salary

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₹3 L/yr - ₹16 L/yr

Team Lead Salary

(AmbitionBox Estimate)

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₹11.6 L/yr - ₹14.8 L/yr

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₹1.65 L/yr - ₹3.5 L/yr

Senior Auditor Salary

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₹10.8 L/yr - ₹13.8 L/yr

Auditor Salary

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₹1.8 L/yr - ₹3.28 L/yr

Senior Associate Salary

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₹2.4 L/yr - ₹5 L/yr

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₹0.8 L/yr - ₹3.12 L/yr

Salary related reviews for Bank of India

Marketing Officer in Jabalpur

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....

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.

Salary - Bad

+6 more

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

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.

Skill development - Poor

+3 more

Assistant Manager in Bokaro

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,

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.

Salary - Poor

+5 more

Assistant Manager in Mumbai

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

Work satisfaction - Poor

+2 more

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.

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

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Bank of India Risk Manager Salary FAQs

What is the salary of Risk Manager at Bank of India?

Risk Manager salary at Bank of India in India ranges between ₹15.0 Lakhs to ₹24.0 Lakhs for experience between 7 years to 12 years. According to our estimates it is 44% more than the average Risk Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Bank of India India.

How does the salary of a Risk Manager at Bank of India India compare with the average salary range for this job?

The average salary of a Risk Manager at Bank of India is 44% more than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of India to a Risk Manager in India?

Deutsche Bank Risk Manager Salary - ₹25.4 Lakhs to ₹44.0 Lakhs per year
NatWest Group Risk Manager Salary - ₹11.6 Lakhs to ₹38.0 Lakhs per year
Standard Chartered Risk Manager Salary - ₹8.6 Lakhs to ₹30.0 Lakhs per year
IDBI Bank Risk Manager Salary - ₹15.0 Lakhs to ₹37.4 Lakhs per year
Canara Bank Risk Manager Salary - ₹12.0 Lakhs to ₹34.0 Lakhs per year

What is the salary of a Risk Manager in companies similar to Bank of India in India?

State Bank of India Risk Manager Salary - ₹16.5 Lakhs to ₹27.0 Lakhs per year
Bank of America Risk Manager Salary - ₹16.0 Lakhs to ₹22.0 Lakhs per year
Bank of Maharashtra Risk Manager Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
Barclays Risk Manager Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹7.5 Lakhs to ₹24.0 Lakhs per year

What is the estimated take home salary of a Risk Manager at Bank of India in India?

The estimated take-home salary of a Risk Manager at Bank of India ranges between ₹1,20,939 per month to ₹1,24,337 per month in India. The take-home salary calculation is based on the average Bank of India Risk Manager salary in India which ranges between ₹15.0 Lakhs to ₹24.0 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Risk Manager at Bank of India?

According to AmbitionBox, 75% of the Bank of India Risk Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Bank of India Risk Manager Salaries

Bank of India Risk Manager salary in India ranges between ₹15 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bank of India latest salaries received from various employees of Bank of India.