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Indian Bank Officer Grade 1 salaries in India

Annual salary range
3 - 30 years exp.
₹6 Lakhs - ₹12 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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67% more than the average Officer Grade 1 Salary in Banking Companies for 3 - 30 years of experience

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Salaries in different departments

Sales & Business Development
Officer Grade 1 Salary
29 - 30 years exp. (AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.2 L/yr

Production, Manufacturing & Engineering
Officer Grade 1 Salary
3 years exp. (AmbitionBox Estimate)
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₹8.1 L/yr - ₹9.9 L/yr

Last Updated: 31 Dec 2024

Companies similar to Indian Bank for Officer Grade 1

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

5 - 11 years exp. (5 salaries)

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₹8 L/yr - ₹10.5 L/yr

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HDFC Bank Officer Grade 1 Salary

1 - 4 years exp. (4 salaries)

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₹2 L/yr - ₹2.5 L/yr

arrow icon 76% less
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Axis Bank Officer Grade 1 Salary

0 - 4 years exp. (21 salaries)

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₹1.8 L/yr - ₹3 L/yr

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

3 - 6 years exp. (4 salaries)

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₹8.8 L/yr - ₹11.4 L/yr

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Bank of Baroda Officer Grade 1 Salary

4 - 10 years exp. (8 salaries)

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₹8.5 L/yr - ₹14 L/yr

arrow icon 14% more
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Canara Bank Officer Grade 1 Salary

2 - 10 years exp. (15 salaries)

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₹8.5 L/yr - ₹14 L/yr

arrow icon 4% more
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Federal Bank Officer Grade 1 Salary

0 - 2 years exp. (30 salaries)

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₹6.1 L/yr - ₹16.2 L/yr

arrow icon 12% more
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₹2 L/yr - ₹2.2 L/yr

arrow icon 79% 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 71% less
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₹1.7 L/yr - ₹2.7 L/yr

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Bandhan Bank Officer Grade 1 Salary

3 - 4 years exp. (3 salaries)

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₹1.8 L/yr - ₹1.9 L/yr

arrow icon 81% less
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AU Small Finance Bank Officer Grade 1 Salary

0 - 4 years exp. (3 salaries)

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₹1.8 L/yr - ₹2.3 L/yr

arrow icon 80% less
Officer Grade 1 salary at Indian Bank ranges between ₹6 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 30 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Bank.

Latest annual salaries shared by Indian Bank Officer Grade 1

4d ago
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3 years exp.
10mo ago
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30 years exp.
1y ago
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29 years exp.

Experience wise Indian Bank Officer Grade 1 salaries

Last Updated: 31 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
15+ years (AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr

Similar Designation salaries in Indian Bank

Officer Salary
(8 salaries)
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₹8.5 L/yr - ₹16.3 L/yr
Deputy Manager Salary
(4 salaries)
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₹5.1 L/yr - ₹18 L/yr
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₹1 L/yr - ₹8.5 L/yr

Salary related reviews for Indian Bank

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.

Dislikes

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

read more

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.

read 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.

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 05 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary in PSBs is the only thing you can term as a positive.

Dislikes

Work life balance is non existent. Management will bluntly put it that they do not care about your health or mental condition. Targets are unrealistic and everybody is out to pressurize branches as much possible, even encouraging unethical and fraudulent practices. HR is non existent. You will be forced to work long hours to satisfy the ego of the management. Join at your own risk.

read more

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.

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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.

read more

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.

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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.

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Indian Bank Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at Indian Bank?
Officer Grade 1 salary at Indian Bank in India ranges between ₹6.0 Lakhs to ₹12.0 Lakhs for experience between 3 years to 30 years. According to our estimates it is 67% more than the average Officer Grade 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Indian Bank India.
How does the salary of a Officer Grade 1 at Indian Bank India compare with the average salary range for this job?
The average salary of a Officer Grade 1 at Indian Bank is 67% more than the average salary of a Officer Grade 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Indian Bank to a Officer Grade 1 in India?
  • Bank of Baroda Officer Grade 1 Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
  • Federal Bank Officer Grade 1 Salary - ₹6.1 Lakhs to ₹16.2 Lakhs per year
  • Canara Bank Officer Grade 1 Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
  • Punjab National Bank Officer Grade 1 Salary - ₹8.8 Lakhs to ₹11.4 Lakhs per year
What is the salary of a Officer Grade 1 in companies similar to Indian Bank in India?
  • State Bank of India Officer Grade 1 Salary - ₹8.0 Lakhs to ₹10.5 Lakhs per year
  • IndusInd Bank Officer Grade 1 Salary - ₹2.5 Lakhs to ₹3.1 Lakhs per year
  • Axis Bank Officer Grade 1 Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • HDFC Bank Officer Grade 1 Salary - ₹2.0 Lakhs to ₹2.5 Lakhs per year
  • Equitas Small Finance Bank Officer Grade 1 Salary - ₹2.0 Lakhs to ₹2.2 Lakhs per year
What is the estimated take home salary of a Officer Grade 1 at Indian Bank in India?
The estimated take-home salary of a Officer Grade 1 at Indian Bank ranges between ₹70,533 per month to ₹72,347 per month in India. The take-home salary calculation is based on the average Indian Bank Officer Grade 1 salary in India which ranges between ₹6.0 Lakhs to ₹12.0 Lakhs per year for employees with experience between 3 years to 30 years. Check how did we calculate take home salary?
What is the notice period for Officer Grade 1 at Indian Bank?
According to AmbitionBox, 100% of the Indian Bank Officer Grade 1s reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Indian Bank Officer Grade 1 salary in India ranges between ₹6 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Indian Bank latest salaries received from various employees of Indian Bank.