Bank of Maharashtra Retail Banking Officer Salaries by 3 Employees

1 - 4 years exp.

₹1 Lakh - ₹1.3 Lakh

Low Confidence

Avg. annual salary

Monthly In-hand Salary

67% less than the average Retail Banking Officer Salary in Banking Companies for 1 - 4 years of experience

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Last Updated: 26 Jan 2024

Companies similar to Bank of Maharashtra for Retail Banking Officer

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Retail Banking Officer Salary 0 - 5 years exp. (34 salaries)	₹2.6 L/yr - ₹4 L/yr 170% more
Standard Chartered Retail Banking Officer Salary 0 - 2 years exp. (9 salaries)	₹1.9 L/yr - ₹3.5 L/yr 167% more
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AU Small Finance Bank Retail Banking Officer Salary 1 - 7 years exp. (6 salaries)	₹2.3 L/yr - ₹3.1 L/yr 152% more
IndusInd Bank Retail Banking Officer Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3.5 L/yr 139% more
Yes Bank Retail Banking Officer Salary 0 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.2 L/yr 170% more

Retail Banking Officer salary at Bank of Maharashtra ranges between ₹1 Lakh to ₹1.3 Lakh per year for employees with experience between 1 year to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Retail Banking Officer salaries

Last Updated: 26 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹1.3 L/yr
3 years (AmbitionBox Estimate)	₹1 L/yr - ₹1.3 L/yr
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4 years (AmbitionBox Estimate)	₹1 L/yr - ₹1.3 L/yr

Similar Designation salaries in Bank of Maharashtra

Relationship Officer Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Deputy Branch Manager Salary

(4 salaries)

₹6.5 L/yr - ₹10 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Officer Salary

(3 salaries)

₹4.2 L/yr - ₹6 L/yr

Data Entry Operator Salary

(4 salaries)

₹0.96 L/yr - ₹4.5 L/yr

Branch Manager Salary

(77 salaries)

₹8 L/yr - ₹22 L/yr

Operations Manager Salary

(3 salaries)

₹10 L/yr - ₹20 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Bank of Maharashtra

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

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

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

see more salary related reviews

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bank of Maharashtra Retail Banking Officer Salary FAQs

How the salary growth look like for a Retail Banking Officer at Bank of Maharashtra in India?

The salary growth for a Retail Banking Officer at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Retail Banking Officer can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
1 year	₹1.0 Lakhs to ₹1.3 Lakhs per year
3 years	₹1.0 Lakhs to ₹1.3 Lakhs per year
4 years	₹1.0 Lakhs to ₹1.3 Lakhs per year

and so on.

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Bank of Maharashtra Retail Banking Officer Salaries

Bank of Maharashtra Retail Banking Officer salary in India ranges between ₹1 Lakh to ₹1.3 Lakh with an average annual salary of ₹. Salary estimates are based on 3 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.