IOB Salaries by 50+ Employees (Updated 2024)

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BFSI, Investments & Trading

Designation	Avg Annual Salary	Open Jobs
Branch Banking Officer 7 - 8 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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Head Cashier 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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Clerk 0 - 3 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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Banking Operations Experience: NA (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Branch Manager 5 - 14 years exp. (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
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Banking Officer 25 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Bank Teller 9 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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Auditor 3 years exp. (AmbitionBox Estimate)	₹14.9 L/yr - ₹19.1 L/yr
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Retired Manager 31 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
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Chief Manager 14 years exp. (AmbitionBox Estimate)	₹19.8 L/yr - ₹25.3 L/yr
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Senior Project Manager 25 years exp. (AmbitionBox Estimate)	₹18.1 L/yr - ₹23.2 L/yr
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SAP MM Consultant 14 years exp. (AmbitionBox Estimate)	₹25.8 L/yr - ₹32.9 L/yr
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Quality Analyst Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Manual Test Engineer 2 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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Account Assistant 6 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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Hardware Engineer 2 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
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AM - Finance & Accounts 8 years exp. (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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Customer Service Associate 9 years exp. (AmbitionBox Estimate)	₹0.7 L/yr - ₹0.9 L/yr
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Software Developer 3 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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Operations Manager 9 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Salary related reviews for IOB

3.9

Rated by 13 employees for salary & benefits

Retired AGM in Chennai

BFSI, Investments & Trading Department

5.0

• posted on 26 May 2022

5.0

for Salary and Benefits

Likes

...cy lays down rules and regulations for smooth functioning of the Bank branches. salary hike is taken care of by the tripartite settlement

Dislikes

As of now there is no serious issue which affects the employees

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IOB Salary FAQs

How much does IOB pay per year?

The average IOB salary ranges from approximately ₹6 Lakhs to ₹12.5 Lakhs per year for a Manager and ₹6 Lakhs to ₹12.5 Lakhs per year for a Manager. Salary estimates are based on 56 IOB salaries received from various employees of IOB. IOB employees rate the overall salary and benefits package 3.9/5 stars.

What is the highest salary in IOB?

The highest-paying job at IOB is a Manager with a salary of ₹6 Lakhs to ₹12.5 Lakhs per year. The top 10% of employees earn more than ₹20.34 lakhs per year. The top 1% earn more than a whopping ₹34.75 lakhs per year.

What is the minimum salary in IOB?

Minimum salary at IOB depends on the role you are applying for. For Clerk the minimum salary is ₹1.8 Lakh to ₹2.3 Lakhs per year, and for Banking Officer the minimum salary is ₹3.2 Lakhs to ₹4 Lakhs per year and so on.

What is the notice period at IOB?

According to AmbitionBox, 45% of the IOB employees reported a notice period of 15 days or less, 28% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.