Indian Bank Officer Grade 1 Salaries by 4 Employees

3 - 30 years exp.

₹6 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

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)	₹10.8 L/yr - ₹13.2 L/yr
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Production, Manufacturing & Engineering Officer Grade 1 Salary 3 years exp. (AmbitionBox Estimate)	₹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
Federal Bank Officer Grade 1 Salary 0 - 2 years exp. (34 salaries)	₹6.1 L/yr - ₹16.2 L/yr 12% more
Equitas Small Finance Bank Officer Grade 1 Salary 0 - 2 years exp. (7 salaries)	₹2 L/yr - ₹2.2 L/yr 79% less
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IndusInd Bank Officer Grade 1 Salary 0 - 3 years exp. (6 salaries)	₹2.3 L/yr - ₹3 L/yr 73% less
Jana Small Finance Bank Officer Grade 1 Salary 1 - 6 years exp. (6 salaries)	₹1.7 L/yr - ₹2.1 L/yr 80% less
Reserve Bank of India Officer Grade 1 Salary 0 - 3 years exp. (4 salaries)	₹18 L/yr - ₹31 L/yr 145% more
Bandhan Bank Officer Grade 1 Salary 3 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹1.9 L/yr 81% less
AU Small Finance Bank Officer Grade 1 Salary 0 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 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.

Experience wise Indian Bank Officer Grade 1 salaries

Last Updated: 31 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
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15+ years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr

Similar Designation salaries in Indian Bank

Officer Salary

(8 salaries)

₹8.5 L/yr - ₹10.94 L/yr

Deputy Manager Salary

(4 salaries)

₹5.1 L/yr - ₹18 L/yr

Software Engineer Salary

(3 salaries)

₹1 L/yr - ₹8.5 L/yr

Salary related reviews for Indian Bank

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

Business Banking Relationship in Sonbhadra

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

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

Job security - Poor

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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 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 Salaries

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