Mumbai District Central Co-operative Bank Trainee Salaries by 5 Employees

0 - 3 years exp.

₹1 Lakh - ₹2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

49% less than the average Trainee Salary in Banking Companies for 0 - 3 years of experience

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Salaries in different departments

Finance & Accounting Trainee Salary 0 - 1 year exp. (3 salaries)	₹1 L/yr - ₹1.5 L/yr
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BFSI, Investments & Trading Trainee Salary 3 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.3 L/yr

Last Updated: 12 May 2024

Companies similar to Mumbai District Central Co-operative Bank for Trainee

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Trainee Salary 0 - 6 years exp. (163 salaries)	₹1 L/yr - ₹7.1 L/yr 149% more
ICICI Bank Trainee Salary 0 - 3 years exp. (11 salaries)	₹0.8 L/yr - ₹6.1 L/yr 64% more
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Yes Bank Trainee Salary 0 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5 L/yr 217% more
Kotak Mahindra Bank Trainee Salary 0 - 5 years exp. (7 salaries)	₹1.1 L/yr - ₹3.6 L/yr 77% more
RBL Bank Trainee Salary 0 - 3 years exp. (6 salaries)	₹1.5 L/yr - ₹10.9 L/yr 371% more
IndusInd Bank Trainee Salary 0 - 1 year exp. (5 salaries)	₹1.9 L/yr - ₹5 L/yr 124% more
Utkarsh Small Finance Bank Trainee Salary 0 - 3 years exp. (4 salaries)	₹1.6 L/yr - ₹2 L/yr 42% more
Central Bank of India Trainee Salary 0 - 1 year exp. (3 salaries)	₹1 L/yr - ₹2 L/yr 11% more
IDFC FIRST Bank Trainee Salary 0 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹7 L/yr 264% more
City Union Bank Trainee Salary 1 - 2 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr 103% more

Trainee salary at Mumbai District Central Co-operative Bank ranges between ₹1 Lakh to ₹2 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Mumbai District Central Co-operative Bank.

Experience wise Mumbai District Central Co-operative Bank Trainee salaries

Last Updated: 12 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹1.3 L/yr
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2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.6 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr

Similar Designation salaries in Mumbai District Central Co-operative Bank

Web Developer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Mumbai District Central Co-operative Bank

2.4

Rated by 2 employees for salary & benefits

Clerk in Santacruz (E) Mumbai- 400055

Nothing Department

5.0

• posted on 14 Sep 2020

3.0

for Salary and Benefits

Likes

Very friendly work environment. All the senior officers are very supportive. I leaned various things like customer relationship management, perfection, accounting, auditing, etc.

Skill development - Good

+4 more

Dislikes

Some how salary was low.

Student Clerk in Gorai, Mumbai, Maharashtra

Other Department

5.0

• posted on 25 Aug 2022

5.0

for Salary and Benefits

Likes

I was in Gorai branch (28) as a student trainee, loved working here. Staffs were so kind and helpful. Specially, Manager Ashwin Hasbi Sir and Assistant Ankush Chorat Sir. I would love working here again. Thank you for the knowledge and the experience.

Salary - Excellent

+6 more

Dislikes

You cannot dislike about anything. Everything was A+ in Gorai branch

Trainee Clerk in Mumbai

clerical Department

4.0

• posted on 02 Oct 2019

3.0

for Salary and Benefits

Likes

There I learn how to communicate with people which increase my confidence .The staff was very cooperative and taught me many things like how the real world works when you work somewhere

Job security - Good

+2 more

Dislikes

Nothing because at that time I felt like problems but they prepare me to face the world ,build confidence ,help me to know my inner potential

Student Clerk

Loan Recovery. Department

5.0

• posted on 07 Feb 2020

2.0

for Salary and Benefits

Likes

Working environment is pretty much comfortable and secured. I am glad that I have worked with mdcc and would like to work in future as well.

Skill development - Good

+4 more

Dislikes

I haven't faced any issue with mdcc. So there is no negative points to mention.

Salary - Poor

+1 more

Intern in Mumbai

Intern

Engineering - Software & QA Department

5.0

• posted on 17 Mar 2019

3.0

for Salary and Benefits

Likes

Yes, I Iike this work in the Bank and I am continue my job in this Bank Beacuase I have 6 month exprience in the Bank .

Skill development - Good

+5 more

Dislikes

I dislike is Sometime workload load is very and this suation customer not understand.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mumbai District Central Co-operative Bank Trainee Salary FAQs

What is the salary of Trainee at Mumbai District Central Co-operative Bank ?

The average salary of a Trainee at Mumbai District Central Co-operative Bank in India typically ranges from ₹1.0 Lakhs to ₹2.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Trainee at Mumbai District Central Co-operative Bank earn more than ₹2.0 Lakhs per year, and the top 1% earn over ₹2.0 Lakhs per year. Trainee Salaries at Mumbai District Central Co-operative Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Mumbai District Central Co-operative Bank employees in India.

What is the estimated take home salary of a Trainee at Mumbai District Central Co-operative Bank in India?

The estimated take-home salary of a Trainee at Mumbai District Central Co-operative Bank in India typically ranges from ₹8,446 to ₹9,392 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹2.0 Lakhs per year for employees with experience ranging from Fresher to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Mumbai District Central Co-operative Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mumbai District Central Co-operative Bank for Trainee in India?

RBL Bank	₹1.5 Lakhs to ₹10.9 Lakhs per year
IDFC FIRST Bank	₹2.6 Lakhs to ₹7.0 Lakhs per year
Yes Bank	₹1.2 Lakhs to ₹5.0 Lakhs per year
HDFC Bank	₹1.0 Lakhs to ₹7.1 Lakhs per year
IndusInd Bank	₹1.9 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mumbai District Central Co-operative Bank, depending on the role and experience level.

What is the salary of a Trainee in companies similar to Mumbai District Central Co-operative Bank in India?

The salary of a Trainee at companies similar to Mumbai District Central Co-operative Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

City Union Bank	₹2.4 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindra Bank	₹1.1 Lakhs to ₹3.6 Lakhs per year
ICICI Bank	₹0.8 Lakhs to ₹6.1 Lakhs per year
Utkarsh Small Finance Bank	₹1.6 Lakhs to ₹2.0 Lakhs per year
Central Bank of India	₹1.0 Lakhs to ₹2.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Trainee at Mumbai District Central Co-operative Bank in India?

The salary growth for a Trainee at Mumbai District Central Co-operative Bank depends on factors such as experience, performance, and promotions. On average, a Trainee can expect the following growth trajectory at Mumbai District Central Co-operative Bank:

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹1.1 Lakhs per year
1 year	₹1.0 Lakhs to ₹1.3 Lakhs per year
2 years	₹1.2 Lakhs to ₹1.6 Lakhs per year
3 years	₹1.4 Lakhs to ₹1.8 Lakhs per year

and so on.

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Mumbai District Central Co-operative Bank Trainee Salaries

Mumbai District Central Co-operative Bank Trainee salary in India ranges between ₹1 Lakh to ₹2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mumbai District Central Co-operative Bank latest salaries received from various employees of Mumbai District Central Co-operative Bank.