Indian Bank Chennai Officer Salaries by 5 Employees

6 - 10 years exp.

₹8.5 Lakhs - ₹16.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

54% more than the average Officer Salary in Banking Companies for 6 - 10 years of experience

Interested in this particular role?

Last Updated: 15 Dec 2024

Companies similar to Indian Bank for Officer in Chennai

Indian Bank Officer Salary

6 - 10 years exp. (5 salaries)

₹8.5 L/yr - ₹16.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Officer Salary 1 - 7 years exp. (307 salaries)	₹1.5 L/yr - ₹5.5 L/yr 65% less
Yes Bank Officer Salary 0 - 7 years exp. (153 salaries)	₹1.5 L/yr - ₹3.9 L/yr 74% less
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IndusInd Bank Officer Salary 0 - 5 years exp. (67 salaries)	₹1.8 L/yr - ₹4.1 L/yr 70% less	2 job openings
Equitas Small Finance Bank Officer Salary 1 - 6 years exp. (61 salaries)	₹1.4 L/yr - ₹3.5 L/yr 78% less
NatWest Group Officer Salary 1 - 7 years exp. (12 salaries)	₹2 L/yr - ₹3.2 L/yr 75% less
IDFC FIRST Bank Officer Salary 1 - 6 years exp. (11 salaries)	₹2.8 L/yr - ₹3.8 L/yr 68% less
Bank of America Officer Salary 3 - 13 years exp. (11 salaries)	₹12 L/yr - ₹27 L/yr 47% more
Jana Small Finance Bank Officer Salary 1 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹3 L/yr 79% less
Federal Bank Officer Salary 0 - 3 years exp. (4 salaries)	₹8 L/yr - ₹15 L/yr 17% more
Ujjivan Small Finance Bank Officer Salary 1 - 5 years exp. (4 salaries)	₹2.8 L/yr - ₹3.5 L/yr 68% less

Officer salary at Indian Bank ranges between ₹8.5 Lakhs to ₹16.3 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Officer salaries in Chennai

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
7 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
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8 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.1 L/yr
9 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.6 L/yr
10 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr

From

Officer

₹

Lakhs/yr

6 - 10 years exp.

Assistant General Manager

₹

Lakhs/yr

17 - 32 years exp.

Officer

6 - 10 years exp.

Branch Manager

6 - 12 years exp.

53% hike

Chief Manager

10 - 18 years exp.

86% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Indian Bank

Chief Manager Salary

(15 salaries)

₹12.5 L/yr - ₹32 L/yr

Data Entry Operator Salary

(3 salaries)

₹1 L/yr - ₹1.5 L/yr

Clerk Salary

(3 salaries)

₹3.6 L/yr - ₹8 L/yr

Salary related reviews for Indian Bank

3.2

Rated by 3 employees for salary & benefits

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 Salary FAQs

What is the salary of Officer at Indian Bank in Chennai?

The average salary of a Officer at Indian Bank in Chennai typically ranges from ₹8.5 Lakhs to ₹16.3 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Officer in Chennai at Indian Bank earn more than ₹16.3 Lakhs per year, and the top 1% earn over ₹16.3 Lakhs per year. 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 Officer at Indian Bank in Chennai?

The estimated take-home salary of a Officer at Indian Bank in Chennai typically ranges from ₹74,662 to ₹76,594 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹16.3 Lakhs per year for employees with experience ranging from 6 years to 10 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 Officer in India?

Bank of America	₹12.0 Lakhs to ₹27.0 Lakhs per year
Federal Bank	₹8.0 Lakhs to ₹15.0 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 Officer in companies similar to Indian Bank in Chennai?

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

Standard Chartered	₹1.5 Lakhs to ₹5.5 Lakhs per year
IDFC FIRST Bank	₹2.8 Lakhs to ₹3.8 Lakhs per year
Ujjivan Small Finance Bank	₹2.8 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹4.1 Lakhs per year
Yes Bank	₹1.5 Lakhs to ₹3.9 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 at Indian Bank in Chennai?

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

Experience	Average Salary Range
6 years	₹9.3 Lakhs to ₹11.9 Lakhs per year
7 years	₹9.8 Lakhs to ₹12.5 Lakhs per year
8 years	₹10.2 Lakhs to ₹13.1 Lakhs per year
9 years	₹10.7 Lakhs to ₹13.6 Lakhs per year

and so on.

Tell us how to improve this page.

Indian Bank Officer salary in Chennai ranges between ₹8.5 Lakhs to ₹16.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Indian Bank latest salaries received from various employees of Indian Bank.

Indian Bank Officer salaries in Chennai

Companies similar to Indian Bank for Officer in Chennai

Latest annual salaries shared by Indian Bank Officer in Chennai

Experience wise Indian Bank Officer salaries in Chennai

Similar Designation salaries in Indian Bank

Salary related reviews for Indian Bank

Assistant Manager in Mumbai

Assistant Manager in Nadia

Assistant Branch Manager in Arambagh

Assistant Manager in New Delhi

Business Banking Relationship in Sonbhadra

Indian Bank Officer Salary FAQs

Tell us how to improve this page.