Bank of Maharashtra Business Correspondent Salaries by 4 Employees (Updated 2025)

2 - 3 years exp.

₹2 Lakhs - ₹2.9 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Business Correspondent Salary in Banking Companies for 2 - 3 years of experience

Interested in this particular role?

Last Updated: 15 Mar 2023

Companies similar to Bank of Maharashtra for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
State Bank of India Business Correspondent Salary 1 - 12 years exp. (36 salaries)	₹1.3 L/yr - ₹4 L/yr 22% more
ICICI Bank Business Correspondent Salary 0 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹3.5 L/yr 28% more
Login to view exact salary
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 10% more
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 3% less
Punjab National Bank Business Correspondent Salary 2 - 13 years exp. (6 salaries)	₹1.5 L/yr - ₹2.5 L/yr 6% less
Bank of Baroda Business Correspondent Salary 2 - 10 years exp. (20 salaries)	₹1.7 L/yr - ₹4.2 L/yr 7% more
Canara Bank Business Correspondent Salary 1 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5.2 L/yr 16% more
IndusInd Bank Business Correspondent Salary 2 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 22% more
Bank of India Business Correspondent Salary 0 - 10 years exp. (12 salaries)	₹1 L/yr - ₹4.5 L/yr 21% more
Indian Overseas Bank Business Correspondent Salary 1 - 5 years exp. (11 salaries)	₹1 L/yr - ₹3 L/yr 19% less
Central Bank of India Business Correspondent Salary 0 - 6 years exp. (9 salaries)	₹1.5 L/yr - ₹3 L/yr 5% more
Login to view exact salary
Indian Bank Business Correspondent Salary 1 - 9 years exp. (8 salaries)	₹1.2 L/yr - ₹3 L/yr 2% more
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 32% more
UCO Bank Business Correspondent Salary 5 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹3.5 L/yr 17% more

Business Correspondent salary at Bank of Maharashtra ranges between ₹2 Lakhs to ₹2.9 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Business Correspondent salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.3 L/yr
Login to view exact salary
3 years (3 salaries)	₹2 L/yr - ₹2.9 L/yr

Similar Designation salaries in Bank of Maharashtra

Business Development Manager Salary

(3 salaries)

₹5 L/yr - ₹13 L/yr

Business Development Executive Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Branch Manager Salary

(76 salaries)

₹8 L/yr - ₹22 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Deputy Manager Salary

(82 salaries)

₹5 L/yr - ₹13 L/yr

Salary related reviews for Bank of Maharashtra

3.0

Rated by 1 employees for salary & benefits

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about Bank of Maharashtra?

Ask anonymously on communities.

Bank of Maharashtra Business Correspondent Salary FAQs

What is the salary of Business Correspondent at Bank of Maharashtra?

Business Correspondent salary at Bank of Maharashtra in India ranges between ₹2.0 Lakhs to ₹2.9 Lakhs for experience between 2 years to 3 years. According to our estimates it is 17% less than the average Business Correspondent Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra India.

How does the salary of a Business Correspondent at Bank of Maharashtra India compare with the average salary range for this job?

The average salary of a Business Correspondent at Bank of Maharashtra is 17% less than the average salary of a Business Correspondent in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of Maharashtra to a Business Correspondent in India?

IDFC FIRST Bank Business Correspondent Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
ICICI Bank Business Correspondent Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank Business Correspondent Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
State Bank of India Business Correspondent Salary - ₹1.3 Lakhs to ₹4.0 Lakhs per year
Bank of India Business Correspondent Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Business Correspondent in companies similar to Bank of Maharashtra in India?

UCO Bank Business Correspondent Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
Canara Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹5.2 Lakhs per year
HDFC Bank Business Correspondent Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year
Bank of Baroda Business Correspondent Salary - ₹1.7 Lakhs to ₹4.2 Lakhs per year
Central Bank of India Business Correspondent Salary - ₹1.5 Lakhs to ₹3.0 Lakhs per year

What is the estimated take home salary of a Business Correspondent at Bank of Maharashtra in India?

The estimated take-home salary of a Business Correspondent at Bank of Maharashtra ranges between ₹15,357 per month to ₹16,955 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Business Correspondent salary in India which ranges between ₹2.0 Lakhs to ₹2.9 Lakhs per year for employees with experience between 2 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Business Correspondent at Bank of Maharashtra?

According to AmbitionBox, 100% of the Bank of Maharashtra Business Correspondents reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Bank of Maharashtra Salaries >
Bank of Maharashtra Business Correspondent Salaries

Bank of Maharashtra Business Correspondent salary in India ranges between ₹2 Lakhs to ₹2.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.