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Federal Bank Officer Scale 1 salaries in India

Annual salary range
0 - 2 years exp.
₹6.2 Lakhs - ₹10 Lakhs
Salary of majority employees
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16% more than the average Officer Scale 1 Salary in Banking Companies for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Officer Scale 1 Salary
0 - 1 year exp. (4 salaries)
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₹7.5 L/yr - ₹8.4 L/yr

Finance & Accounting
Officer Scale 1 Salary
Fresher (AmbitionBox Estimate)
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₹8.8 L/yr - ₹10.7 L/yr

Consulting
Officer Scale 1 Salary
1 year exp. (AmbitionBox Estimate)
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₹9.4 L/yr - ₹10 L/yr

Last Updated: 16 Mar 2023

Companies similar to Federal Bank for Officer Scale 1

Company name Avg Annual Salary Open Jobs
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State Bank of India Officer Scale 1 Salary

0 - 10 years exp. (10 salaries)

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₹7.3 L/yr - ₹11.5 L/yr

At par
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ICICI Bank Officer Scale 1 Salary

0 - 3 years exp. (34 salaries)

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₹1.1 L/yr - ₹3.2 L/yr

arrow icon 74% less
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Punjab National Bank Officer Scale 1 Salary

1 - 7 years exp. (3 salaries)

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₹5.5 L/yr - ₹13 L/yr

arrow icon 13% less
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Karnataka Bank Officer Scale 1 Salary

0 - 10 years exp. (30 salaries)

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₹6 L/yr - ₹13.3 L/yr

arrow icon 4% more
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Canara Bank Officer Scale 1 Salary

2 - 10 years exp. (14 salaries)

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₹6.7 L/yr - ₹15 L/yr

arrow icon 6% more
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Karur Vysya Bank Officer Scale 1 Salary

1 - 12 years exp. (9 salaries)

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₹5.5 L/yr - ₹12.2 L/yr

arrow icon 1% more
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Union Bank of India Officer Scale 1 Salary

0 - 6 years exp. (4 salaries)

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₹6 L/yr - ₹8.6 L/yr

arrow icon 20% less
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City Union Bank Officer Scale 1 Salary

3 - 8 years exp. (4 salaries)

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₹7 L/yr - ₹9 L/yr

arrow icon 13% less

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Officer Scale 1 salary at Federal Bank ranges between ₹6.2 Lakhs to ₹10 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 14 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Officer Scale 1

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1 year exp.
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1 year exp.
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9 months exp.
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Experience wise Federal Bank Officer Scale 1 salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
Fresher  (10 salaries)

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₹7.2 L/yr - ₹10 L/yr
1 year  (3 salaries)

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₹7.5 L/yr - ₹10 L/yr
2 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹16.9 L/yr

Similar Designation salaries in Federal Bank

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₹5.5 L/yr - ₹16 L/yr
Officer Salary
(138 salaries)
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₹7 L/yr - ₹16 L/yr
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₹19 L/yr - ₹37 L/yr
Clerk Salary
(55 salaries)
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₹4 L/yr - ₹8.5 L/yr
Junior Officer Salary
(39 salaries)
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₹7 L/yr - ₹13 L/yr
Sales Executive Salary
(33 salaries)
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₹1.9 L/yr - ₹3.25 L/yr
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₹2.61 L/yr - ₹5 L/yr
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₹14 L/yr - ₹42 L/yr
Product Manager Salary
(22 salaries)
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₹12 L/yr - ₹22 L/yr
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₹7.5 L/yr - ₹14 L/yr

Salary related reviews for Federal Bank

3.4

Rated by 2 employees for salary & benefits

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

3.0
  •  posted on 25 Oct 2023

4.0
 for  Salary and Benefits

Likes

It will pay you well but at the same time you won't be having time to spend that money.

read more
  • Salary - Good
  • +1 more

Dislikes

As mentioned, there is no work life balance. You will be having plenty of unused leaves. But still you will not be allowed to take one. Due to shortage of working staff, you will be overburdened. Sales pressure will be there.

read more
  • Skill development - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 06 Apr 2023

3.0
 for  Salary and Benefits

Likes

If you are lucky enough you will get to work with a very good set of colleagues who will be like family and will extend help in all possible ways. But this experience varies from branch to brach. Don't expect it beforehand

read more
  • Job security - Good

Dislikes

...e work pressure with no appraisal or appreciation. Terrible in case of postings. Will make you work 10-12 hrs a day with same salary and increasing targets.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 02 Jul 2023

3.0
 for  Salary and Benefits

Likes

There is nothing much to like about the work

  • Job security - Good

Dislikes

...from the branch head will be a big task. We need to beg them for own own leave. There is no growth, just as a fresher the salary is good and freshers do come looking for the salary, but there is no career growth or future in the role. There will be so much of pressure from higher authorities to achieve the targets. Whatever it is always number matters . People do forget that there are other banks where the competition is very high. There is no work life balance too There is always pressure from higher authorities rather even they could put their efforts to achieve their targets Bank employees should beg the customers for loan , insurance . Pls change the culture of banking.. Worst culture and i could also give negative ratings if there was so.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Branch Banking Department

2.0
  •  posted on 17 Dec 2022

4.0
 for  Salary and Benefits

Likes

+ Salary is higher than the competitors. + Job Security.

  • Salary - Good
  • +1 more

Dislikes

+ Company culture is not progressive. + HR policies are not complied with at the branch level. + Job description doesn't match with the responsibilities in reality. + Reporting managers verbally abuses if assigned daily targets aren't met. + Should sell Ageas Federal insurance policies monthly. + Inefficient Sales funnel & poorly equipped functional strategy.

read more
  • Skill development - Bad
  • +1 more
see more salary related reviews

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Federal Bank Officer Scale 1 Salary FAQs

What is the salary of Officer Scale 1 at Federal Bank?
Officer Scale 1 salary at Federal Bank in India ranges between ₹6.2 Lakhs to ₹10.0 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 16% more than the average Officer Scale 1 Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Federal Bank India.
How does the salary of a Officer Scale 1 at Federal Bank India compare with the average salary range for this job?
The average salary of a Officer Scale 1 at Federal Bank is 16% more than the average salary of a Officer Scale 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Federal Bank to a Officer Scale 1 in India?
  • Canara Bank Officer Scale 1 Salary - ₹6.7 Lakhs to ₹15.0 Lakhs per year
  • Karnataka Bank Officer Scale 1 Salary - ₹6.0 Lakhs to ₹13.3 Lakhs per year
  • Karur Vysya Bank Officer Scale 1 Salary - ₹5.5 Lakhs to ₹12.2 Lakhs per year
What is the salary of a Officer Scale 1 in companies similar to Federal Bank in India?
  • State Bank of India Officer Scale 1 Salary - ₹7.3 Lakhs to ₹11.5 Lakhs per year
  • City Union Bank Officer Scale 1 Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
  • Punjab National Bank Officer Scale 1 Salary - ₹5.5 Lakhs to ₹13.0 Lakhs per year
  • Union Bank of India Officer Scale 1 Salary - ₹6.0 Lakhs to ₹8.6 Lakhs per year
  • ICICI Bank Officer Scale 1 Salary - ₹1.1 Lakhs to ₹3.2 Lakhs per year
What is the estimated take home salary of a Officer Scale 1 at Federal Bank in India?
The estimated take-home salary of a Officer Scale 1 at Federal Bank ranges between ₹68,968 per month to ₹70,738 per month in India. The take-home salary calculation is based on the average Federal Bank Officer Scale 1 salary in India which ranges between ₹6.2 Lakhs to ₹10.0 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 Scale 1 at Federal Bank?
According to AmbitionBox, 50% of the Federal Bank Officer Scale 1s reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Federal Bank Officer Scale 1 salary in India ranges between ₹6.2 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Federal Bank latest salaries received from various employees of Federal Bank.