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Indian Overseas Bank Credit Officer salaries in India

Annual salary range
7 - 12 years exp.
₹11 Lakhs - ₹18 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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319% more than the average Credit Officer Salary in Banking Companies for 7 - 12 years of experience

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Salaries in different departments

Risk Management & Compliance
Credit Officer Salary
10 - 12 years exp. (4 salaries)
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₹14 L/yr - ₹18 L/yr

BFSI, Investments & Trading
Credit Officer Salary
7 - 11 years exp. (3 salaries)
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₹14 L/yr - ₹15 L/yr

Last Updated: 30 Oct 2024

Companies similar to Indian Overseas Bank for Credit Officer

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

2 - 10 years exp. (41 salaries)

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₹7.4 L/yr - ₹17 L/yr

arrow icon 18% less
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Punjab National Bank Credit Officer Salary

1 - 4 years exp. (4 salaries)

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₹5.3 L/yr - ₹12 L/yr

arrow icon 30% less
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Bank of Baroda Credit Officer Salary

4 - 12 years exp. (129 salaries)

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₹6 L/yr - ₹18 L/yr

arrow icon 11% less
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Canara Bank Credit Officer Salary

6 - 10 years exp. (13 salaries)

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₹8 L/yr - ₹16 L/yr

arrow icon 23% less
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Union Bank of India Credit Officer Salary

2 - 13 years exp. (18 salaries)

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₹6.5 L/yr - ₹19.5 L/yr

arrow icon 14% less
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Bank of India Credit Officer Salary

2 - 7 years exp. (64 salaries)

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₹4.8 L/yr - ₹14 L/yr

arrow icon 33% less
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Central Bank of India Credit Officer Salary

0 - 6 years exp. (10 salaries)

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₹13.2 L/yr - ₹21.5 L/yr

arrow icon 2% less
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IDBI Bank Credit Officer Salary

0 - 8 years exp. (17 salaries)

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₹7 L/yr - ₹18 L/yr

arrow icon 12% less
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UCO Bank Credit Officer Salary

8 - 10 years exp. (4 salaries)

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₹13.2 L/yr - ₹18 L/yr

arrow icon 1% less
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Bank of Maharashtra Credit Officer Salary

3 - 11 years exp. (11 salaries)

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₹8 L/yr - ₹20 L/yr

arrow icon 11% less
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₹1.6 L/yr - ₹4.4 L/yr

arrow icon 79% less
1 job opening
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₹1.9 L/yr - ₹6 L/yr

arrow icon 72% less
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AU Small Finance Bank Credit Officer Salary

0 - 6 years exp. (277 salaries)

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₹1.4 L/yr - ₹4 L/yr

arrow icon 82% less
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IndusInd Bank Credit Officer Salary

0 - 9 years exp. (133 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 82% less
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Kotak Mahindra Bank Credit Officer Salary

1 - 6 years exp. (96 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 82% less
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Yes Bank Credit Officer Salary

2 - 7 years exp. (47 salaries)

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₹1.5 L/yr - ₹4.3 L/yr

arrow icon 80% less
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Jana Small Finance Bank Credit Officer Salary

1 - 7 years exp. (47 salaries)

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₹1.3 L/yr - ₹3.5 L/yr

arrow icon 82% less
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IDFC FIRST Bank Credit Officer Salary

0 - 6 years exp. (41 salaries)

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₹2.1 L/yr - ₹4 L/yr

arrow icon 82% less
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Bandhan Bank Credit Officer Salary

0 - 6 years exp. (37 salaries)

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₹1.3 L/yr - ₹5 L/yr

arrow icon 79% less
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Federal Bank Credit Officer Salary

0 - 10 years exp. (24 salaries)

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₹5.8 L/yr - ₹16 L/yr

arrow icon 27% less
View all
Credit Officer salary at Indian Overseas Bank ranges between ₹11 Lakhs to ₹18 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of Indian Overseas Bank.

Latest annual salaries shared by Indian Overseas Bank Credit Officer

1mo ago
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12 years exp.
5mo ago
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11 years exp.
10mo ago
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12 years exp.
1y ago
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11 years exp.
1y ago
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10 years exp.
1y ago
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9 years exp.
1y ago
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7 years exp.
1y ago
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8 years exp.

Experience wise Indian Overseas Bank Credit Officer salaries

Last Updated: 30 Oct 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹6 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)

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₹11 L/yr - ₹27 L/yr
9 years (AmbitionBox Estimate)

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₹6 L/yr - ₹15 L/yr
10 years (AmbitionBox Estimate)

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₹6 L/yr - ₹18 L/yr
11 years (AmbitionBox Estimate)

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₹14 L/yr - ₹18 L/yr
View all

Similar Designation salaries in Indian Overseas Bank

Credit Manager Salary
(18 salaries)
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₹11 L/yr - ₹17 L/yr
Credit Analyst Salary
(4 salaries)
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₹10 L/yr - ₹18 L/yr
Officer Salary
(3 salaries)
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₹6.5 L/yr - ₹12.6 L/yr
Branch Manager Salary
(41 salaries)
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₹8 L/yr - ₹27 L/yr
Deputy Manager Salary
(4 salaries)
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₹10 L/yr - ₹12 L/yr
Chief Manager Salary
(24 salaries)
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₹18 L/yr - ₹40 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹17.1 L/yr - ₹21.8 L/yr
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₹16 L/yr - ₹18 L/yr
Regional Credit Manager Salary
(AmbitionBox Estimate)
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₹21.6 L/yr - ₹27.6 L/yr
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₹6 L/yr - ₹11.04 L/yr
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Salary related reviews for Indian Overseas Bank

3.4

Rated by 3 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 10 Jun 2024

4.0
 for  Salary and Benefits

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.

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Full Time

 · 

Security Services Department

2.0
  •  posted on 02 Nov 2024

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...ers who know nothing and have been given the responsibility of managing branch..salary not at par with the growing inflation. Inappropriate people who misuse their power and position..constant threats of transfer.. If you work in iob, then forget that you have any family..work for your ownself only..

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Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Sep 2023

1.0
 for  Salary and Benefits

Likes

Nothing to like, before joining i thought it will be my best decision but i regret.

Dislikes

... leave were cancelled and converted into Loss of Pay with retrospective effect. The bank ks extremely toxic, doesn’t want staff to grow, extreme level of politics in transfer and salary payments unlike other govt banks where they have transparency in salary payments. The bank is not following the IBA guidelines and suppressing the voice of employee who tries to expose their cunning behaviour. Newly joined POs are not left untouched from this blood boiling frustration, they are treated like Bonded Labours , I request if anyone who has just cleared IBPS to not even think of joining this pathetic bank in the rarest of their dreams, we are stuck here we don’t have any other way to have peace owning to our family responsibilities now. I hope the bank gets private asap so that at least some heed is paid to improve the pathetic condition of the management of Indian Overseas Bank (IOB).

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BFSI, Investments & Trading Department

5.0
  •  posted on 08 Jun 2020

3.0
 for  Salary and Benefits

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.

read more

Dislikes

Salary is less as compared to workload

BFSI, Investments & Trading Department

4.0
  •  posted on 15 Jan 2019

3.0
 for  Salary and Benefits

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.

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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.

read more
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Indian Overseas Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Indian Overseas Bank?
Credit Officer salary at Indian Overseas Bank in India ranges between ₹11.0 Lakhs to ₹18.0 Lakhs for experience between 7 years to 12 years. According to our estimates it is 319% more than the average Credit Officer Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Indian Overseas Bank India.
How does the salary of a Credit Officer at Indian Overseas Bank India compare with the average salary range for this job?
The average salary of a Credit Officer at Indian Overseas Bank is 319% more than the average salary of a Credit Officer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Indian Overseas Bank to a Credit Officer in India?
  • NatWest Group Credit Officer Salary - ₹7.8 Lakhs to ₹20.8 Lakhs per year
What is the salary of a Credit Officer in companies similar to Indian Overseas Bank in India?
  • UCO Bank Credit Officer Salary - ₹13.2 Lakhs to ₹18.0 Lakhs per year
  • Central Bank of India Credit Officer Salary - ₹13.2 Lakhs to ₹21.5 Lakhs per year
  • Bank of Baroda Credit Officer Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year
  • Bank of Maharashtra Credit Officer Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
  • IDBI Bank Credit Officer Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
What is the estimated take home salary of a Credit Officer at Indian Overseas Bank in India?
The estimated take-home salary of a Credit Officer at Indian Overseas Bank ranges between ₹1,03,526 per month to ₹1,06,362 per month in India. The take-home salary calculation is based on the average Indian Overseas Bank Credit Officer salary in India which ranges between ₹11.0 Lakhs to ₹18.0 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Credit Officer at Indian Overseas Bank?
According to AmbitionBox, 30% of the Indian Overseas Bank Credit Officers reported a notice period of 15 days or less, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Indian Overseas Bank Credit Officer salary in India ranges between ₹11 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Indian Overseas Bank latest salaries received from various employees of Indian Overseas Bank.