Punjab and Maharashtra Co-operative Bank IT Trainee Salaries by 4 Employees (Updated 2024)

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₹2.4 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

55% less than the average IT Trainee Salary in Banking Companies for 2 years of experience

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Salaries in different departments

Engineering - Software & QA IT Trainee Salary 2 years exp. (3 salaries)	₹2.7 L/yr - ₹2.8 L/yr
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Engineering - Hardware & Networks IT Trainee Salary 2 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.9 L/yr

Last Updated: 15 Mar 2023

Companies similar to Punjab and Maharashtra Co-operative Bank for IT Trainee

Company name	Avg Annual Salary	Open Jobs
HDFC Bank IT Trainee Salary 0 - 6 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 14% less
FIS IT Trainee Salary 0 - 2 years exp. (310 salaries)	₹2.7 L/yr - ₹11 L/yr 182% more
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Flex IT Trainee Salary 0 - 1 year exp. (56 salaries)	₹1.8 L/yr - ₹3 L/yr 3% more
Ideas 4 Transformation IT Trainee Salary 0 - 1 year exp. (23 salaries)	₹1.5 L/yr - ₹4.7 L/yr 13% less

IT Trainee salary at Punjab and Maharashtra Co-operative Bank ranges between ₹2.4 Lakhs to ₹3 Lakhs per year for employees with 2 years of experience. Salary estimates are based on 4 latest salaries received from various employees of Punjab and Maharashtra Co-operative Bank.

Experience wise Punjab and Maharashtra Co-operative Bank IT Trainee salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
2 years (4 salaries)	₹2.7 L/yr - ₹2.8 L/yr
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Similar Designation salaries in Punjab and Maharashtra Co-operative Bank

Team Lead Salary

(5 salaries)

₹8.5 L/yr - ₹10 L/yr

Senior Engineer Salary

(5 salaries)

₹4 L/yr - ₹13 L/yr

System Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Technical Lead Salary

(4 salaries)

₹11 L/yr - ₹20 L/yr

Software Engineer Salary

(5 salaries)

₹6 L/yr - ₹8.65 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Software Developer Salary

(3 salaries)

₹3.9 L/yr - ₹10.2 L/yr

Senior Software Engineer Salary

(5 salaries)

₹7.7 L/yr - ₹12 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Salary related reviews for Punjab and Maharashtra Co-operative Bank

1.0

Rated by 1 employees for salary & benefits

Management Trainee in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 14 Sep 2020

2.0

for Salary and Benefits

Likes

Bank was good before imposition of directives under 35A by RBI. Work life balance was also good. But now they have terminated all the Management Trainees from the Bank without any prior notice on 31st August 2020 citing bank's severe financial condition due to directives under 35A imposed by RBI.

Dislikes

Low Pay. Slow growth and long trainee period.

Management Trainee in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 28 Nov 2018

4.0

for Salary and Benefits

Likes

I am learning about various banking products basically i am working in loan section where i am handling various various loans from processing to disbursing

Dislikes

Compensation is good but growth is slow.i always wanted to work withI reputed bank training is provided by bank, but salary i was getting is very low as per my work.

Management Trainee in Kolhapur

Customer Success, Service & Operations Department

5.0

• posted on 20 Nov 2020

1.0

for Salary and Benefits

Likes

Good work environment and culture.teammates are supportive.there is huge cafeteria and gaming arcade for chilling..one of most is there is jim for all staff to fit abd healthy.

Dislikes

Management traninee traninee bond is so longer.salary package confusing or its incomplete...

Management Trainee in Bhandup West,Mumbai

Shares department Department

4.0

• posted on 16 Jun 2021

4.0

for Salary and Benefits

Likes

...vironment and culture.staff are supportive and caring.management is transparent.bank policies are good and average salary.

Dislikes

There is a lot of politics senior members are low knowledgeable.there is low salary and more extra work for lower employees.

Management Trainee in Mumbai

Shares department Department

5.0

• posted on 16 Dec 2021

4.0

for Salary and Benefits

Likes

...ff were supportive and management is transparent. Work environment is excellent.policies are good and give good salary hike and bonus.

Dislikes

Salary is decent but career growth is slow. There is a 3 years of probation period.

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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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Punjab and Maharashtra Co-operative Bank IT Trainee Salary FAQs

What is the salary of IT Trainee at Punjab and Maharashtra Co-operative Bank?

IT Trainee salary at Punjab and Maharashtra Co-operative Bank in India ranges between ₹2.4 Lakhs to ₹3.0 Lakhs for 2 years of experience. According to our estimates it is 55% less than the average IT Trainee Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Punjab and Maharashtra Co-operative Bank India.

How does the salary of a IT Trainee at Punjab and Maharashtra Co-operative Bank India compare with the average salary range for this job?

The average salary of a IT Trainee at Punjab and Maharashtra Co-operative Bank is 55% less than the average salary of a IT Trainee in India. To know exact salary insights, login to view.

Which similar companies are paying more than Punjab and Maharashtra Co-operative Bank to a IT Trainee in India?

FIS IT Trainee Salary - ₹2.7 Lakhs to ₹11.0 Lakhs per year
Flex IT Trainee Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year

What is the salary of a IT Trainee in companies similar to Punjab and Maharashtra Co-operative Bank in India?

Ideas 4 Transformation IT Trainee Salary - ₹1.5 Lakhs to ₹4.7 Lakhs per year
HDFC Bank IT Trainee Salary - ₹2.0 Lakhs to ₹2.4 Lakhs per year

What is the estimated take home salary of a IT Trainee at Punjab and Maharashtra Co-operative Bank in India?

The estimated take-home salary of a IT Trainee at Punjab and Maharashtra Co-operative Bank ranges between ₹18,687 per month to ₹20,369 per month in India. The take-home salary calculation is based on the average Punjab and Maharashtra Co-operative Bank IT Trainee salary in India which ranges between ₹2.4 Lakhs to ₹3.0 Lakhs per year for employees with 2 years of experience. Check how did we calculate take home salary?

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Punjab and Maharashtra Co-operative Bank IT Trainee Salaries

Punjab and Maharashtra Co-operative Bank IT Trainee salary in India ranges between ₹2.4 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Punjab and Maharashtra Co-operative Bank latest salaries received from various employees of Punjab and Maharashtra Co-operative Bank.

Punjab and Maharashtra Co-operative Bank IT Trainee salaries in India

Companies similar to Punjab and Maharashtra Co-operative Bank for IT Trainee

Latest annual salaries shared by Punjab and Maharashtra Co-operative Bank IT Trainee

Experience wise Punjab and Maharashtra Co-operative Bank IT Trainee salaries

Similar Designation salaries in Punjab and Maharashtra Co-operative Bank

Salary related reviews for Punjab and Maharashtra Co-operative Bank

Management Trainee in Mumbai

Management Trainee in Mumbai

Management Trainee in Kolhapur

Management Trainee in Bhandup West,Mumbai

Management Trainee in Mumbai

Punjab and Maharashtra Co-operative Bank IT Trainee Salary FAQs

Tell us how to improve this page.