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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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62% 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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Federal Bank Officer Grade 1 Salary

0 - 2 years exp. (34 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 - 3 years exp. (6 salaries)

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₹2.3 L/yr - ₹3 L/yr

arrow icon 73% less
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₹1.7 L/yr - ₹2.1 L/yr

arrow icon 80% less
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Reserve Bank of India Officer Grade 1 Salary

0 - 3 years exp. (4 salaries)

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₹18 L/yr - ₹31 L/yr

arrow icon 145% more
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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 - 5 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.
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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 - ₹10.94 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.

  • Salary - Excellent
  • +4 more

Dislikes

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

read more
  • Company culture - Poor

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
  • 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.

read more
  • Skill development - Poor
  • +4 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.

read more
  • 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.

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +4 more

Finance & Accounting Department

4.0
  •  posted on 28 Apr 2022

3.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year

read more
  • Skill development - Good
  • +1 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

read more
  • Job security - Poor
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Indian Bank Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at Indian Bank ?
The average salary of a Officer Grade 1 at Indian Bank in India typically ranges from ₹6.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 3 years to 30 years).

The top 10% of Officer Grade 1 at Indian Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Officer Grade 1 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 4 Indian Bank employees in India.
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 in India typically ranges from ₹70,533 to ₹72,347 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 3 years to 30 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 4 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 Officer Grade 1 in India?
Reserve Bank of India ₹18.0 Lakhs to ₹31.0 Lakhs per year
Federal Bank ₹6.1 Lakhs to ₹16.2 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 Officer Grade 1 in companies similar to Indian Bank in India?
The salary of a Officer Grade 1 at companies similar to Indian Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank ₹2.3 Lakhs to ₹3.0 Lakhs per year
Equitas Small Finance Bank ₹2.0 Lakhs to ₹2.2 Lakhs per year
AU Small Finance Bank ₹1.8 Lakhs to ₹2.3 Lakhs per year
Jana Small Finance Bank ₹1.7 Lakhs to ₹2.1 Lakhs per year
Bandhan Bank ₹1.8 Lakhs to ₹1.9 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 Officer Grade 1 at Indian Bank in India?
The salary growth for a Officer Grade 1 at Indian Bank depends on factors such as experience, performance, and promotions. On average, a Officer Grade 1 can expect the following growth trajectory at Indian Bank:

Experience Average Salary Range
3 years ₹6.8 Lakhs to ₹8.6 Lakhs per year
15 years ₹10.8 Lakhs to ₹13.8 Lakhs per year
and so on.

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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.