Indian Overseas Bank BFSI, Investments & Trading Department Salaries in Bangalore / Bengaluru

Likes

Salary at par and comes on time and some sense of job security.

Dislikes

Arguably one of the worst HR policies in PSBs, Where transfer postings are thoroughly weaponised, every now and then threats for transfer to 'Deep South' is reiterated to employees. No work life balance at all.

Likes

Thermal Screening Availability of hand sanitizer in office Social Distancing Job Rotation & Work from home as per State Govt Guidelines Timely Salary as usual Monetary compensation to purchase Covid related material like mask, sanitizer etc.

Dislikes

Salary is less as compared to workload

Likes

One of the best parts of working in a Public sector bank is job Security.Salary is same for all psbs, perks are good.Feels very proud to be a part of the brand IOB as the developments and decisions made by the top management in the last couple of years in a very short time is really appreciable.Training is given almost every year,so you will be able to learn new things as well as roam new places.Good career growth opportunities are also there.

Dislikes

Transfer Policy is very bad.Especially on promotion you are expected to be thrown atleast 1000-1500 kms away from your hometown.In my case it is 1500 kms in a rural place in a different state where no hindi or English is there,so you have to face language problem. Some old policies are there which may demotivate the young people like no Jaiib Caiib increments for the promotees which violates the guidelines of IBA and also demotivates the staff not to take promotion.

Likes

I joined as Junior Management Office and Retired as Top Executive and experienced in working various fields of banking and I am satisfied with my job though not fully satisfied with compensation package

Dislikes

Almost all promotions are linked to transfer to far off places making one get lesser take home pay as we have to make two establishments

Likes

...try . IOB is one nice place to work for if u r satisfied being paid for no work. Actually there is no work pressure , no value addition in the Bank's business month on month, and still u r being paid a decent salary. Salary is at par with banking industry but perks are at lower side. Bank forgets u once u r hired. So no grooming also. If u like it, it is d best bank to work for. ;)

Dislikes

No grooming opportunity.