Punjab National Bank Officer Grade 1 Salaries by 4 Employees

3 - 6 years exp.

₹8.8 Lakhs - ₹11.4 Lakhs

Low Confidence

Salary of majority employees

64% more than the average Officer Grade 1 Salary in Banking Companies for 3 - 6 years of experience

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Last Updated: 14 Oct 2024

Companies similar to Punjab National Bank for Officer Grade 1

Company name	Avg Annual Salary	Open Jobs
Canara Bank Officer Grade 1 Salary 2 - 13 years exp. (23 salaries)	₹8.5 L/yr - ₹14 L/yr 7% more
Axis Bank Officer Grade 1 Salary 0 - 4 years exp. (20 salaries)	₹1.8 L/yr - ₹2.8 L/yr 74% less
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Bank of Baroda Officer Grade 1 Salary 4 - 10 years exp. (8 salaries)	₹8.5 L/yr - ₹14 L/yr 12% more
IndusInd Bank Officer Grade 1 Salary 0 - 3 years exp. (6 salaries)	₹2.3 L/yr - ₹3 L/yr 74% less
HDFC Bank Officer Grade 1 Salary 1 - 6 years exp. (6 salaries)	₹2 L/yr - ₹2.7 L/yr 76% less
Jana Small Finance Bank Officer Grade 1 Salary 1 - 6 years exp. (6 salaries)	₹1.7 L/yr - ₹2.1 L/yr 81% less
State Bank of India Officer Grade 1 Salary 5 - 11 years exp. (5 salaries)	₹8 L/yr - ₹10.5 L/yr 3% less
RBL Bank Officer Grade 1 Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.1 L/yr 75% less
Bank of India Officer Grade 1 Salary 6 - 8 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 7% more
Indian Bank Officer Grade 1 Salary 3 - 30 years exp. (4 salaries)	₹6 L/yr - ₹12 L/yr 2% less
ICICI Bank Officer Grade 1 Salary 2 - 4 years exp. (3 salaries)	₹1.7 L/yr - ₹2.5 L/yr 77% less
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Bandhan Bank Officer Grade 1 Salary 3 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹1.9 L/yr 82% less
AU Small Finance Bank Officer Grade 1 Salary 0 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 80% less

Officer Grade 1 salary at Punjab National Bank ranges between ₹8.8 Lakhs to ₹11.4 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Officer Grade 1 salaries

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹17.5 L/yr
4 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹17.7 L/yr
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5 years (AmbitionBox Estimate)	₹4 L/yr - ₹11.4 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹11.4 L/yr

Similar Designation salaries in Punjab National Bank

Officer Salary

(31 salaries)

₹3.67 L/yr - ₹13 L/yr

Deputy Manager Salary

(51 salaries)

₹5 L/yr - ₹15.7 L/yr

Software Engineer Salary

(3 salaries)

₹1.4 L/yr - ₹8 L/yr

Automation Test Engineer Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Salary related reviews for Punjab National Bank

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Patna

Full Time

Strategic & Top Management Department

1.0

• posted on 03 Sep 2024

2.0

for Salary and Benefits

Likes

No matter what you do your salary will remain same.

Job security - Excellent

Dislikes

Frequent transfers to remote villages create hell lot of family problems and other problems as well. Banking sector has hell lot of corruption and you will feel very insecure if you are moral.

Salary - Poor

+5 more

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Oct 2023

3.0

for Salary and Benefits

Likes

decent salary and perks but still less than Central Governments employees

Job security - Excellent

Dislikes

Undue pressure is put on us for target completion with staff shortage. Apart from this we have to deal with throttling compliance policies which makes even simple work cumbersome and difficult. There are so many portals for complaints and we are always on our toes.

Skill development - Poor

+3 more

Senior Associate in Mandi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Job security Good Salary Good perks and allowances Supportive to leaners and new joinees Overall good in terms of learning new things

Salary - Good

+1 more

Dislikes

No work life balance Extending work hours Bad management Poor work culture in top management Work pressure too much in officer cadre

Company culture - Poor

+1 more

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Aug 2023

3.0

for Salary and Benefits

Likes

Govt. job even if you don't work you will get the same same salary as others.

Job security - Excellent

Dislikes

Lot of manipulation in promotions , if you have connections then only expect promotion. If you have taken a work no one will get involved in it and even if anything happens the same people will come to blame you.

Skill development - Bad

+4 more

Assistant Manager - Administration in New Delhi

Full Time

General Administration Department

4.0

• posted on 29 Jun 2022

4.0

for Salary and Benefits

Likes

Good work invironment and culture and good company policies , hikes of salary and bonus yearly/partially on norms.

Salary - Good

+6 more

Dislikes

Priority for Personal relationship and their closed Referance to Hiring and renewing contract based

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Punjab National Bank Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at Punjab National Bank ?

The average salary of a Officer Grade 1 at Punjab National Bank in India typically ranges from ₹8.8 Lakhs to ₹11.4 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Officer Grade 1 at Punjab National Bank earn more than ₹11.4 Lakhs per year, and the top 1% earn over ₹11.4 Lakhs per year. Officer Grade 1 Salaries at Punjab National 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 4 Punjab National Bank employees in India.

What is the estimated take home salary of a Officer Grade 1 at Punjab National Bank in India?

The estimated take-home salary of a Officer Grade 1 at Punjab National Bank in India typically ranges from ₹71,632 to ₹73,478 per month. This is based on the average salary range of ₹8.8 Lakhs to ₹11.4 Lakhs per year for employees with experience ranging from 3 years to 6 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 4 salaries received from various employees of Punjab National Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Punjab National Bank for Officer Grade 1 in India?

Bank of Baroda	₹8.5 Lakhs to ₹14.0 Lakhs per year
Canara Bank	₹8.5 Lakhs to ₹14.0 Lakhs per year
Bank of India	₹8.0 Lakhs to ₹12.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Punjab National Bank, depending on the role and experience level.

What is the salary of a Officer Grade 1 in companies similar to Punjab National Bank in India?

The salary of a Officer Grade 1 at companies similar to Punjab National Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Indian Bank	₹6.0 Lakhs to ₹12.0 Lakhs per year
State Bank of India	₹8.0 Lakhs to ₹10.5 Lakhs per year
IndusInd Bank	₹2.3 Lakhs to ₹3.0 Lakhs per year
Axis Bank	₹1.8 Lakhs to ₹2.8 Lakhs per year
RBL Bank	₹2.4 Lakhs to ₹3.1 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 Officer Grade 1 at Punjab National Bank in India?

The salary growth for a Officer Grade 1 at Punjab National Bank depends on factors such as experience, performance, and promotions. On average, a Officer Grade 1 can expect the following growth trajectory at Punjab National Bank:

Experience	Average Salary Range
3 years	₹8.8 Lakhs to ₹17.5 Lakhs per year
4 years	₹8.8 Lakhs to ₹17.7 Lakhs per year
5 years	₹4.0 Lakhs to ₹11.4 Lakhs per year
6 years	₹4.0 Lakhs to ₹11.4 Lakhs per year

and so on.

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Punjab National Bank Officer Grade 1 Salaries

Punjab National Bank Officer Grade 1 salary in India ranges between ₹8.8 Lakhs to ₹11.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Punjab National Bank latest salaries received from various employees of Punjab National Bank.