Model Co-op. Bank Principal Officer salaries in Mumbai

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

Likes

There is nothing positive about the Bank and the Management here

Dislikes

...gets allocated but will rather criticize for not being able to achieve more. They don't provide salary slips, They have no feelings towards pregnant employees, they allocate branches too their employees in such a way that the employee can only reach home to eat and sleep yes but staffs with internal link can stay in the same branch for years Recent the bank has seen about 20 plus staff resignation within a span of 2 weeks. The salary scale is below than the average pay scale in banking for the same post The bank has no HR only one HR manager and two other staffs who have no qualifications in HR They hire staffs not informing the KRA correctly and expecting the staff to do everything in a 14k salary. They have a 3 yrs bond if anyone breaks it before that has to pay 1 lakh during the course of time the bank holds all your original documents

Likes

NOTHING

Dislikes

...d i.e (Andaman and Nicobar Island) and the third one is (fakiri) like Yogi baba. Apart from this they don't provide a proper salary even after calling and mailing for about 100 times and also they don't give proper salaries for what we are expecting they give 4 & 5 paise as salaries. those who have given services for more than 10 years are getting peanut like salaries I suggest if you work in other banks or companies with 3 to 4 years experience are providing huge packages as compared to this bank. the worst part of this bank is they will ask to sign a contract of 3 years if you do three years than is ok if not you have to pay a sum of RS 1,00,000/- and if you pay also in return you have to do 3 months of notice I don't know why and the management of this bank is also illiterate and they doesn't know how to run a business. in the past few months literally between June to July I have seen 20+ staff leaving this bank and yet many more staff will be leaving in the coming months. Somewhere in 2017 to 2019 a new (Chapari) CEO has been appointed by this bank which I called him M.R (Bangarwala) Osden Fonseca he is the real culprit of this bank he has done more malpractices in this bank but not only in this bank but also more other activities there are several other people in the management who is supporting him and they considered themselves as highly leaders believe me these low categories so called (bikaries) of the management doesn't have good leadership as they are (Sadakchap) who is mostly seen in the dumping ground of the Bhandup areas. In Bhandup areas theses (Sadakchap) are known as (" NASHIDI GANGS OF KALINPUR"). Why these types of bank exist I don't know but RBI should seek such types of bank and demolish this bank as early as possible. I hope that you have read my review. I am asking you and everyone that please share this review to those who are joining this bank and it humble request don't ever come here there is nothing in this bank before here ending my review I have to say one thing (" GALI GALI MA SHOR HA SATYANASH & SARVANASH BANK CHOR HA")

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