Model Co-op. Bank Finance & Accounting Department Salaries in India

Likes

Only the friendly environment of staff

Dislikes

No Growth, Few things to learn, Poor Management, Salary below Standards (i.e manager earns below 25k with lot of pressure on his head, And the worst part is 3 Years Bond and penalty of Rs100000/- if you want to break the bond and even after paying bond we have to compulsory serve 3 months notice. And also they don't give salary slip at all because even after completing 3 years I never received salary slip. I request everyone and anyone please stay away from this bank.

Likes

There is not much positives about working in here. Bank has strong financial background as it has been care full on giving out loans.

Dislikes

...treatment as soon u land up in branch you would come to know the real situation. Salary offered by them is was low than market standards. The salary which they provide has not been revised since a decade. Promotions are available to the people who are related to the management level or if you are related to the board members. If you need any assistance you can on 99201-34903

Likes

Teammates are supportive

Dislikes

... give experience letter. They don't even fulfill what's mentioned in the bond i.e they have mentioned that after one year of training period you will go to probationary Junior officer and salary will be 21k but they only increase 1000 to 1800per month with deduction. No holiday till 1.5years. Slow growth and very less salary. No facilities are available i.e even though we are employees we don't have zero balance Account , they charge AMC for ATM CARD and even for receiving messages 118 is AMC. There is lot of politics and Management doesn't address anything clearly.

Likes

None

Dislikes

...ge almost every dept. Work hours is more then 12 hours excluding traveling time. There is a bond period and if you leave in between you'll have to pay 1,00,000/- it's a do or die situation.

Likes

Travelling restricted to Mumbai since branches are only at Mumbai no relocation required Like all other banks we also have bank holidays only likeable thing Rate of growth of opportunities for higher position is better due to employee leaving and no senior staff available If you are from very rich family and don't need salary growth just working for the sake of it u wouldn't care about how the culture of work is here u would survive by escaping work on important workdays taking leaves when possibility of work would be assigned to you and live happily without a care in. The world

Dislikes

...t have products and procedures like 90's and 2000. 4. #Bonus: Bonus is a Myth. As per your salary structure eg 2k will be ded. From your in hand and it will be given to you after a year without interest. What kind bonus this is my money you gave me back without interest. Any sensible person would rather open an rd and at least gain a little interest #wickedscheme 5. Work : you are expected to work from 930 to 6 pm bring accounts by marketing do operational work in the branch and daily work there is no break time eat and get back to work all Banks close to public by 330 4 . This bank cash counter and customer interaction open till 6 . They put you in branches which could be far from your residence as per their choice not considering the trouble you go through to travel. 5. Salary: 15 k salary at training period from which prf tax will also get ded after confirmation 17700 and if lucky on third year if you get sr officer sal in hand 22k approx . And then you would be stuck for 3 4 years to be assistant manager where salary increases by 1500 in hand only . Next position deputy manager could take you total of 5-6 years to reach deputy manager with salary not going beyond 30 to 32 in hand it's a joke . And 7-8 years to reach manager post . You could spend 8 years in a call centre and be a team leader or floor manager in that time and get 60 k+ in hand in that much time easily 🤣 Do not screw with your life do not join . I will not comment on the staff . I just explain about the staff policy and harrasment to staff due to current policies. Literally 0 perks at working here