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Punjab & Sind Bank Officer Scale 1 salaries in India

Annual salary range
5 - 8 years exp.
₹6 Lakhs - ₹14 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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5% more than the average Officer Scale 1 Salary in Banking Companies for 5 - 8 years of experience

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Last Updated: 2 Jul 2024

Companies similar to Punjab & Sind Bank for Officer Scale 1

Company name Avg Annual Salary Open Jobs
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State Bank of India Officer Scale 1 Salary

0 - 10 years exp. (10 salaries)

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₹7.3 L/yr - ₹11.5 L/yr

arrow icon 10% more
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ICICI Bank Officer Scale 1 Salary

0 - 3 years exp. (34 salaries)

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₹1.1 L/yr - ₹3.2 L/yr

arrow icon 71% less
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Bank of Baroda Officer Scale 1 Salary

3 - 12 years exp. (17 salaries)

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₹6.5 L/yr - ₹14 L/yr

arrow icon 29% more
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Canara Bank Officer Scale 1 Salary

2 - 10 years exp. (14 salaries)

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₹6.7 L/yr - ₹15 L/yr

arrow icon 20% more
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Union Bank of India Officer Scale 1 Salary

0 - 6 years exp. (4 salaries)

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₹6 L/yr - ₹8.6 L/yr

arrow icon 12% less
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Federal Bank Officer Scale 1 Salary

0 - 2 years exp. (14 salaries)

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₹6.2 L/yr - ₹10 L/yr

arrow icon 10% more
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Bank of Maharashtra Officer Scale 1 Salary

2 - 6 years exp. (4 salaries)

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₹7 L/yr - ₹38.4 L/yr

arrow icon 81% more
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City Union Bank Officer Scale 1 Salary

3 - 8 years exp. (4 salaries)

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₹7 L/yr - ₹9 L/yr

arrow icon 4% less
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Indian Bank Officer Scale 1 Salary

0 - 9 years exp. (4 salaries)

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₹1.7 L/yr - ₹9.1 L/yr

arrow icon 24% less
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Bank of India Officer Scale 1 Salary

1 - 11 years exp. (3 salaries)

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₹9 L/yr - ₹12.5 L/yr

arrow icon 8% more
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DBS Bank Officer Scale 1 Salary

5 - 7 years exp. (3 salaries)

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₹5 L/yr - ₹5.4 L/yr

arrow icon 40% less
Officer Scale 1 salary at Punjab & Sind Bank ranges between ₹6 Lakhs to ₹14 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Punjab & Sind Bank.

Latest annual salaries shared by Punjab & Sind Bank Officer Scale 1

6mo ago
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8 years exp.
1y ago
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8 years exp.
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5 years exp.
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5 years exp.

Experience wise Punjab & Sind Bank Officer Scale 1 salaries

Last Updated: 2 Jul 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)

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₹9.7 L/yr - ₹12.4 L/yr

Similar Designation salaries in Punjab & Sind Bank

Chief Manager Salary
(29 salaries)
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₹18 L/yr - ₹32 L/yr
Officer Salary
(21 salaries)
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₹6 L/yr - ₹15 L/yr
Clerk Salary
(5 salaries)
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₹2.15 L/yr - ₹5 L/yr
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₹4 L/yr - ₹10.08 L/yr
Clerical Staff Salary
(4 salaries)
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₹2.6 L/yr - ₹6 L/yr
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₹24.02 L/yr - ₹35 L/yr
Loan Officer Salary
(3 salaries)
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₹7 L/yr - ₹12.5 L/yr
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₹9 L/yr - ₹12 L/yr
Data Entry jobs Salary
(AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr
Head Cashier Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for Punjab & Sind Bank

5.0

Rated by 1 employees for salary & benefits

Loans at Branch Level Department

3.0
  •  posted on 28 Sep 2019

2.0
 for  Salary and Benefits

Likes

The only good thing about this Bank is that being a Government Bank, it provides job security. While being the smallest Public Sector Bank, it has a comparatively smaller Customer Base, due to which work pressure is low as compared to other Public Sector Banks. Your Work-life balance depends on the Branch and mostly on your Manager/Competent Authority. Career Growth depends on your performance along with the relations one can maintain with higher authorities, which is generally required in every organisation. It has its own training centres, but the faculty mostly consists of ex-staff, whose teaching skills can be rated from poor to average. One needs to be skillful and curious on his own to learn and move up the ladder.

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  • Job security - Excellent
    +1 more

Dislikes

Being the smallest Public Sector Bank, the compensation and allowances are the lowest in Banking Industry, and it will always frustrate you. Work-Life Balance depends on your Branch and mostly on your Branch Manager/Competent Authority, in which mostly Branch Managers fares poorly. Low compensation and allowances is not the only failure of HR policies, but also lack of vision and apathy towards Field Staff in HR department has lead to shortage of Staff in all the Branches, which has hampered the growth of this Bank. You can't provide better Customer Service inspite of trying your best because of shortage of staff in Branch. Poor infrastructure in Branches and poor utilisation of technology keep this Bank always back in terms of Growth. This Bank is too bad in terms of technology as compared to other Banks, which hampers the Branch Staff to attract new Customer Base including the millenials. Head Office and Zonal Office mostly consists of Non-Performers, Chargesheet Officials and Sycophants, due to which even the talented and hard-working Field Functionaries fails to provide their best because of lack of support from above. The promotion process is not transparent as interview marks are never disclosed, so that the sycophants are provided promotions and deserving ones are left behind. Even the transfer process is carried out behind the curtains to provide undue benefits to the sycophants.

read more
  • Salary - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 01 Jun 2024

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Everything- starting with extremely terrible work life balance, more stress and mental health issues than the salary, harassment in the name of transfers and sea water kinda employees- you are surrounded by a lot of them but they are of no use- neither do they work nor have any skill sets nor are humane. Nothing about this job is satisfactory.

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  • Salary - Poor
    +6 more

Finance & Accounting Department

5.0
  •  posted on 26 Mar 2018

4.0
 for  Salary and Benefits

Likes

...es exemplary training in all fields of banking. Job security is of a tall order. Salary is commensurate with experience and qualifications. Travel on duty is as per industry standards.Appraisal is objective as per performance and potential.

read more
  • Salary - Good
    +6 more

Dislikes

NiL.

Full Time

 · 

Other Department

2.0
  •  posted on 14 Nov 2024

3.0
 for  Salary and Benefits

Likes

Govt bank so job security.

  • Job security - Excellent
    +1 more

Dislikes

There is huge discrimination among employees, lickspittle enjoys there life on expense of real performers and skilled employees. Non talented and terrible employees get preference on everything due to there skill in flattery.

read more
  • Promotions - Poor
    +2 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 03 Nov 2024

2.0
 for  Salary and Benefits

Likes

Nothing to like. Worst public sector bank, no empathy for staff, HR is awful. Management wants us to give service, but there is no support from higher authority.

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Dislikes

Everything, from top to bottom, there is no time to return back home and after that we are called on weekends. Bank itself is unaware of its aim and the people in the management are simply incompatible and they want us to compete with the industry.

read more
  • Salary - Poor
    +6 more
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Punjab & Sind Bank Officer Scale 1 Salary FAQs

What is the salary of Officer Scale 1 at Punjab & Sind Bank?
Officer Scale 1 salary at Punjab & Sind Bank in India ranges between ₹6.0 Lakhs to ₹14.0 Lakhs for experience between 5 years to 8 years. According to our estimates it is 5% more than the average Officer Scale 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Punjab & Sind Bank India.
How does the salary of a Officer Scale 1 at Punjab & Sind Bank India compare with the average salary range for this job?
The average salary of a Officer Scale 1 at Punjab & Sind Bank is 5% more than the average salary of a Officer Scale 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Punjab & Sind Bank to a Officer Scale 1 in India?
  • Bank of Maharashtra Officer Scale 1 Salary - ₹7.0 Lakhs to ₹38.4 Lakhs per year
  • Bank of Baroda Officer Scale 1 Salary - ₹6.5 Lakhs to ₹14.0 Lakhs per year
  • Canara Bank Officer Scale 1 Salary - ₹6.7 Lakhs to ₹15.0 Lakhs per year
  • Federal Bank Officer Scale 1 Salary - ₹6.2 Lakhs to ₹10.0 Lakhs per year
  • State Bank of India Officer Scale 1 Salary - ₹7.3 Lakhs to ₹11.5 Lakhs per year
What is the salary of a Officer Scale 1 in companies similar to Punjab & Sind Bank in India?
  • Bank of India Officer Scale 1 Salary - ₹9.0 Lakhs to ₹12.5 Lakhs per year
  • City Union Bank Officer Scale 1 Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
  • Union Bank of India Officer Scale 1 Salary - ₹6.0 Lakhs to ₹8.6 Lakhs per year
  • Indian Bank Officer Scale 1 Salary - ₹1.7 Lakhs to ₹9.1 Lakhs per year
  • DBS Bank Officer Scale 1 Salary - ₹5.0 Lakhs to ₹5.4 Lakhs per year
What is the estimated take home salary of a Officer Scale 1 at Punjab & Sind Bank in India?
The estimated take-home salary of a Officer Scale 1 at Punjab & Sind Bank ranges between ₹63,132 per month to ₹64,737 per month in India. The take-home salary calculation is based on the average Punjab & Sind Bank Officer Scale 1 salary in India which ranges between ₹6.0 Lakhs to ₹14.0 Lakhs per year for employees with experience between 5 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Officer Scale 1 at Punjab & Sind Bank?
According to AmbitionBox, 100% of the Punjab & Sind Bank Officer Scale 1s reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Punjab & Sind Bank Officer Scale 1 salary in India ranges between ₹6 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Punjab & Sind Bank latest salaries received from various employees of Punjab & Sind Bank.