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3.8

based on 785 Reviews

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Federal Bank Officer Grade 1 salaries in Chennai

Annual salary range
0 - 2 years exp.
₹7.5 Lakhs - ₹11 Lakhs
Salary of majority employees
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76% more than the average Officer Grade 1 Salary in Banking Companies for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Officer Grade 1 Salary
0 - 1 year exp. (4 salaries)
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₹7.5 L/yr - ₹11.2 L/yr

Customer Success, Service & Operations
Officer Grade 1 Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹11.4 L/yr

Last Updated: 15 Nov 2023

Companies similar to Federal Bank for Officer Grade 1 in Chennai

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Federal Bank Officer Grade 1 Salary

0 - 2 years exp. (6 salaries)

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₹7.5 L/yr - ₹11 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Bank Officer Grade 1 Salary

1 - 2 years exp. (3 salaries)

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₹2.4 L/yr - ₹2.5 L/yr

arrow icon 77% less
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IndusInd Bank Officer Grade 1 Salary

0 - 4 years exp. (6 salaries)

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₹2.5 L/yr - ₹3.1 L/yr

arrow icon 74% less
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HDB Financial Services Officer Grade 1 Salary

2 - 8 years exp. (10 salaries)

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₹2.2 L/yr - ₹3.6 L/yr

arrow icon 72% less
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₹2.2 L/yr - ₹2.4 L/yr

arrow icon 78% less
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₹2 L/yr - ₹2.1 L/yr

arrow icon 81% less
Officer Grade 1 salary at Federal Bank ranges between ₹7.5 Lakhs to ₹11 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 6 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Officer Grade 1 in Chennai

1y ago
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2 years exp.
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1 year exp.
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1 year exp.
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8 months exp.

Experience wise Federal Bank Officer Grade 1 salaries in Chennai

Last Updated: 15 Nov 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹9 L/yr - ₹19.8 L/yr
1 year  (4 salaries)

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₹7.5 L/yr - ₹19.3 L/yr
2 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹18.7 L/yr

Salary related reviews for Federal Bank

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 25 Dec 2024

2.0
 for  Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

read more

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

read more
  • Salary - Poor
    +6 more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 24 Nov 2024

5.0
 for  Salary and Benefits

Likes

Pay scale is good, less Pressure,

  • Salary - Excellent
    +3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

read more
  • Skill development - Poor
    +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Only salary and perks are good

  • Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

read more
  • Skill development - Bad
    +4 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 14 May 2024

5.0
 for  Salary and Benefits

Likes

Salary and other compensation reimbursement and job security

  • Salary - Excellent
    +2 more

Dislikes

Work life balance is worst.. if sales is not your thing you wont get any credit for other operational work done by you. Banking is all about selling insurance products

read more
  • Work-life balance - Poor

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 19 Apr 2024

4.0
 for  Salary and Benefits

Likes

Salary is very good, job security and culture is better than other private banks

read more
  • Salary - Good
    +2 more

Dislikes

Won’t get transfers easily, some managers can be very disrespectful. No work life balance especially when it comes to leaves for personal needs

read more
  • Company culture - Poor
    +1 more
see more salary related reviews

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Federal Bank Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at Federal Bank Chennai?
Officer Grade 1 salary at Federal Bank in Chennai ranges between ₹7.5 Lakhs to ₹11.0 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 76% more than the average Officer Grade 1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Federal Bank Chennai.
How does the salary of a Officer Grade 1 at Federal Bank Chennai compare with the average salary range for this job?
The average salary of a Officer Grade 1 at Federal Bank is 76% more than the average salary of a Officer Grade 1 in Chennai. To know exact salary insights, login to view.
What is the salary of a Officer Grade 1 in companies similar to Federal Bank in Chennai?
  • HDB Financial Services Officer Grade 1 Salary - ₹2.2 Lakhs to ₹3.6 Lakhs per year
  • IndusInd Bank Officer Grade 1 Salary - ₹2.5 Lakhs to ₹3.1 Lakhs per year
  • Axis Bank Officer Grade 1 Salary - ₹2.4 Lakhs to ₹2.5 Lakhs per year
  • Dr JRK's Siddha Research and Pharmaceuticals Officer Grade 1 Salary - ₹2.2 Lakhs to ₹2.4 Lakhs per year
  • Equitas Small Finance Bank Officer Grade 1 Salary - ₹2.0 Lakhs to ₹2.1 Lakhs per year
What is the estimated take home salary of a Officer Grade 1 at Federal Bank in Chennai?
The estimated take-home salary of a Officer Grade 1 at Federal Bank ranges between ₹76,780 per month to ₹78,771 per month in Chennai. The take-home salary calculation is based on the average Federal Bank Officer Grade 1 salary in India which ranges between ₹7.5 Lakhs to ₹11.0 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?
What is the notice period for Officer Grade 1 at Federal Bank in Chennai?
According to AmbitionBox, 50% of the Federal Bank Officer Grade 1s in Chennai reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Federal Bank Officer Grade 1 salary in Chennai ranges between ₹7.5 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Federal Bank latest salaries received from various employees of Federal Bank.