Indian Bank Credit Officer Salaries by 5 Employees (Updated 2025)

6 - 8 years exp.

₹9 Lakhs - ₹12.5 Lakhs

Low Confidence

Salary of majority employees

227% more than the average Credit Officer Salary in Banking Companies for 6 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 6 - 8 years exp. (4 salaries)	₹9 L/yr - ₹12.5 L/yr
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Finance & Accounting Credit Officer Salary 8 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹12.8 L/yr

Last Updated: 8 Feb 2025

Companies similar to Indian Bank for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Credit Officer Salary 0 - 8 years exp. (359 salaries)	₹1.9 L/yr - ₹6 L/yr 64% less
Equitas Small Finance Bank Credit Officer Salary 0 - 9 years exp. (277 salaries)	₹1.6 L/yr - ₹4.4 L/yr 74% less	19 job openings
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AU Small Finance Bank Credit Officer Salary 0 - 6 years exp. (238 salaries)	₹1.3 L/yr - ₹4 L/yr 76% less
IndusInd Bank Credit Officer Salary 1 - 10 years exp. (131 salaries)	₹1.5 L/yr - ₹4.2 L/yr 76% less
Kotak Mahindra Bank Credit Officer Salary 1 - 6 years exp. (96 salaries)	₹1.5 L/yr - ₹4.5 L/yr 77% less
Yes Bank Credit Officer Salary 2 - 10 years exp. (48 salaries)	₹2 L/yr - ₹4 L/yr 77% less
Jana Small Finance Bank Credit Officer Salary 0 - 7 years exp. (50 salaries)	₹1.3 L/yr - ₹3.6 L/yr 78% less
IDFC FIRST Bank Credit Officer Salary 0 - 8 years exp. (41 salaries)	₹2.1 L/yr - ₹4.9 L/yr 75% less
Bandhan Bank Credit Officer Salary 0 - 9 years exp. (39 salaries)	₹1.3 L/yr - ₹5 L/yr 72% less
Federal Bank Credit Officer Salary 0 - 6 years exp. (22 salaries)	₹5.3 L/yr - ₹16 L/yr 11% less
Union Bank of India Credit Officer Salary 2 - 13 years exp. (18 salaries)	₹6.5 L/yr - ₹19.5 L/yr 4% more
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IDBI Bank Credit Officer Salary 0 - 13 years exp. (16 salaries)	₹7 L/yr - ₹18 L/yr 19% more
Standard Chartered Credit Officer Salary 1 - 7 years exp. (16 salaries)	₹1.8 L/yr - ₹4 L/yr 78% less
NatWest Group Credit Officer Salary 1 - 8 years exp. (16 salaries)	₹7.8 L/yr - ₹20 L/yr 20% more
Bank of Maharashtra Credit Officer Salary 3 - 11 years exp. (11 salaries)	₹8 L/yr - ₹20 L/yr 13% more
Central Bank of India Credit Officer Salary 3 - 8 years exp. (8 salaries)	₹12.4 L/yr - ₹21.5 L/yr 34% more
Indian Overseas Bank Credit Officer Salary 7 - 12 years exp. (8 salaries)	₹11 L/yr - ₹22 L/yr 33% more
Deutsche Bank Credit Officer Salary 2 - 8 years exp. (7 salaries)	₹4.6 L/yr - ₹17.9 L/yr 15% less	2 job openings
Barclays Credit Officer Salary 3 - 7 years exp. (5 salaries)	₹6.8 L/yr - ₹7.1 L/yr 42% less
Allahabad Bank Credit Officer Salary 4 - 7 years exp. (4 salaries)	₹5.3 L/yr - ₹9.3 L/yr 40% less

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Credit Officer salary at Indian Bank ranges between ₹9 Lakhs to ₹12.5 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Credit Officer salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12.5 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12.5 L/yr
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8 years (3 salaries)	₹9 L/yr - ₹12.5 L/yr

Similar Designation salaries in Indian Bank

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Sales Officer Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Credit Analyst Salary

(10 salaries)

₹9 L/yr - ₹15.5 L/yr

Senior Credit Officer Salary

(3 salaries)

₹15 L/yr - ₹35 L/yr

Officer Salary

(8 salaries)

₹8.5 L/yr - ₹10.94 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Branch Manager Salary

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₹5.95 L/yr - ₹21.89 L/yr

Deputy Manager Salary

(4 salaries)

₹5.1 L/yr - ₹18 L/yr

Chief Manager Salary

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Sales Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Salary related reviews for Indian Bank

Branch Manager in Chennai

BFSI, Investments & Trading Department

3.0

• posted on 19 Mar 2022

4.0

for Salary and Benefits

Likes

Job security, some of good Managers, Salary and Compensation is good. Its a government job but culture is quite like private job.

Salary - Good

+2 more

Dislikes

Very much shortage of Staff, Some of the Mangement staff Behaviour is rude and Superior behaves like bossy. Too much workload due to immensely shortage of Staff. Bad promotion policy . Not all the time deserving candidate gets promotion. Transfer policy is poor. They do not consider your request unless you know someone who has influence.

Work satisfaction - Poor

+1 more

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 28 Nov 2024

5.0

for Salary and Benefits

Likes

Job security, good pay, ability to gain knowledge and connections.

Salary - Excellent

+4 more

Dislikes

Impossible targets, harassing in meeting stating transfers, expecting to work overtime even on holidays, unapproachable and unheedful HR personnel.

Company culture - Poor

Assistant Manager in Nadia

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 24 Jul 2024

4.0

for Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

Salary - Good

+1 more

Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

Skill development - Poor

+4 more

Assistant Branch Manager in Arambagh

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Mar 2022

3.0

for Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

Job security - Excellent

+3 more

Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

Assistant Manager in New Delhi

Full Time

Finance & Accounting Department

2.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Job Safety, health insurance, decent salary. Simple Interest on loans for staff and 1% higher interest for staff on deposits.

Job security - Good

Dislikes

Promotion is based on buttering GMs and seniors. Promotion interview marks are noted in pencil and then changed once it reached corporate office based on above criterion. Very few specialist officers are given promotion, preference if only for POs; DO NOT join as specialist officer if you are looking for career growth. Random transferring away from home. Branch Managers are excessively pressurized.

Skill development - Poor

+4 more

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What people are saying about Indian Bank

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mag123

works at

Indian Bank

Seeking job for 25L/annum

I am currently working in indian bank. I am drawing 18 L /annum , has 10 year work experience, previously worked in TCS for 2.5 years, I am currently looking for a job which will pay minimum 25 L / annum with better work/life balance. Which job should I seek?

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Indian Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Indian Bank ?

The average salary of a Credit Officer at Indian Bank in India typically ranges from ₹9.0 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of Credit Officer at Indian Bank earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Credit Officer Salaries at Indian Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Indian Bank employees in India.

What is the estimated take home salary of a Credit Officer at Indian Bank in India?

The estimated take-home salary of a Credit Officer at Indian Bank in India typically ranges from ₹84,478 to ₹86,687 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 6 years to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Indian Bank for Credit Officer in India?

Central Bank of India	₹12.4 Lakhs to ₹21.5 Lakhs per year
Indian Overseas Bank	₹11.0 Lakhs to ₹22.0 Lakhs per year
UCO Bank	₹13.2 Lakhs to ₹18.0 Lakhs per year
NatWest Group	₹7.8 Lakhs to ₹20.0 Lakhs per year
IDBI Bank	₹7.0 Lakhs to ₹18.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Bank, depending on the role and experience level.

What is the salary of a Credit Officer in companies similar to Indian Bank in India?

The salary of a Credit Officer at companies similar to Indian Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of Maharashtra	₹8.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India	₹6.5 Lakhs to ₹19.5 Lakhs per year
Federal Bank	₹5.3 Lakhs to ₹16.0 Lakhs per year
Deutsche Bank	₹4.6 Lakhs to ₹17.9 Lakhs per year
J&K Bank	₹9.1 Lakhs to ₹12.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Credit Officer at Indian Bank in India?

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

Experience	Average Salary Range
6 years	₹4.7 Lakhs to ₹12.5 Lakhs per year
7 years	₹4.6 Lakhs to ₹12.5 Lakhs per year
8 years	₹9.0 Lakhs to ₹12.5 Lakhs per year

and so on.

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Indian Bank Credit Officer Salaries

Indian Bank Credit Officer salary in India ranges between ₹9 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Indian Bank latest salaries received from various employees of Indian Bank.