South Indian Bank Business Correspondent Salaries by 5 Employees (Updated 2025)

0 - 4 years exp.

₹1 Lakh - ₹1.2 Lakh

Low Confidence

Salary of majority employees

61% less than the average Business Correspondent Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Correspondent Salary 4 years exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
Customer Success, Service & Operations Business Correspondent Salary 1 year exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.3 L/yr
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Finance & Accounting Business Correspondent Salary Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
Marketing & Communication Business Correspondent Salary Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹1.2 L/yr

Last Updated: 10 Jun 2024

Companies similar to South Indian Bank for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
City Union Bank Business Correspondent Salary 1 - 5 years exp. (4 salaries)	₹1 L/yr - ₹2.5 L/yr 57% more
J&K Bank Business Correspondent Salary 5 - 15 years exp. (3 salaries)	₹3.2 L/yr - ₹8 L/yr 446% more
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Canara Bank Business Correspondent Salary 1 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5.2 L/yr 145% more
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 105% more
IndusInd Bank Business Correspondent Salary 2 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 159% more
ICICI Bank Business Correspondent Salary 0 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹3.5 L/yr 170% more
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 132% more
Union Bank of India Business Correspondent Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹3.3 L/yr 97% more
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 179% more

Business Correspondent salary at South Indian Bank ranges between ₹1 Lakh to ₹1.2 Lakh per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 5 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Business Correspondent salaries

Last Updated: 10 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹1.9 L/yr
1 year (AmbitionBox Estimate)	₹0.4 L/yr - ₹1.2 L/yr
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2 years (AmbitionBox Estimate)	₹1 L/yr - ₹1.9 L/yr
3 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.2 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹1.8 L/yr

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Salary related reviews for South Indian Bank

4.5

Rated by 2 employees for salary & benefits

Assistant Manager in Kochi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 May 2024

4.0

for Salary and Benefits

Likes

Salary assured for IBA pay scale staff. No assurance for CTC staff. Not sure what will happen in salary for IBA scale staffs in coming years.

Salary - Good

+1 more

Dislikes

Work culture and work life balance adversely affected after introduction of cluster system in 2021. Excellent in alloting huge targets but worst in getting assistance for departments in solving customer complaints. Mental and physical health of staff seriously affected. Threatening messages through WhatsApp. Have to contact customers through personal mobile so that staff has to attend customer while at home and holidays.

Work satisfaction - Bad

+1 more

Officer in Ludhiana

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 May 2024

4.0

for Salary and Benefits

Likes

Salary benefits

Salary - Good

Dislikes

Worst Work Culture,don't waste your potential just for few more money.Huge Target Pressure and Politics, Nepotism at peak only malayali people sit and enjoy being here ,while other staff are tortured , harassed on daily basis.No matter how Educated,good Employee you're if you don't meet their Targets and don't Butter your senior each and every minute.People in Other part of India except kerela don't even know About Bank so think about it how difficult will be To meet Target,even if you meet Targets you have to Butter.If you like to get treated like animal then you guys can join

Skill development - Bad

+5 more

Assistant Manager Operations in Chennai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Jan 2025

5.0

for Salary and Benefits

Likes

Only salary and allowance at par with IBA till date.....

Salary - Excellent

Dislikes

There is no continuous Management at top level sudden changing in the management only orders and circular issuance.There is lot of higher ups to supervise us and sought us No one will come for ground work not recommended for youngsters

Skill development - Poor

+3 more

Probationary Officer in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Jul 2024

3.0

for Salary and Benefits

Likes

Less Pressure Salary, Perks & Other benefit

Dislikes

Words Would be Less to Describe the Disliking Outdated Bank Policies Terrible Management at top No Vision to Serve & Retain Good Customers No Marketing & Promotion Brand Name is hardly Known to people

Skill development - Bad

+4 more

Probationary Officer in Kochi

Full Time

Data Science & Analytics Department

4.0

• posted on 08 Oct 2023

5.0

for Salary and Benefits

Likes

Salary and work structure is just like a Govt. bank. IBA scales are maintained. Also the work life balance is quite decent compared to other private sector banks. Most of the employees are quite young (below 35 years) so that is an added advantage too.

Salary - Excellent

+5 more

Dislikes

Sometime too much of regulations and rules hurt the business

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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South Indian Bank Business Correspondent Salary FAQs

What is the salary of Business Correspondent at South Indian Bank?

Business Correspondent salary at South Indian Bank in India ranges between ₹1.0 Lakhs to ₹1.2 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 61% less than the average Business Correspondent Salary in India. Salary estimates are based on 5 latest salaries received from various employees of South Indian Bank India.

How does the salary of a Business Correspondent at South Indian Bank India compare with the average salary range for this job?

The average salary of a Business Correspondent at South Indian Bank is 61% less than the average salary of a Business Correspondent in India. To know exact salary insights, login to view.

Which similar companies are paying more than South Indian Bank to a Business Correspondent in India?

J&K Bank Business Correspondent Salary - ₹3.2 Lakhs to ₹8.0 Lakhs per year
IDFC FIRST Bank Business Correspondent Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
ICICI Bank Business Correspondent Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank Business Correspondent Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
Canara Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹5.2 Lakhs per year

What is the salary of a Business Correspondent in companies similar to South Indian Bank in India?

HDFC Bank Business Correspondent Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year
Axis Bank Business Correspondent Salary - ₹0.9 Lakhs to ₹2.8 Lakhs per year
Union Bank of India Business Correspondent Salary - ₹1.0 Lakhs to ₹3.3 Lakhs per year
City Union Bank Business Correspondent Salary - ₹1.0 Lakhs to ₹2.5 Lakhs per year

What is the estimated take home salary of a Business Correspondent at South Indian Bank in India?

The estimated take-home salary of a Business Correspondent at South Indian Bank ranges between ₹7,052 per month to ₹7,714 per month in India. The take-home salary calculation is based on the average South Indian Bank Business Correspondent salary in India which ranges between ₹1.0 Lakhs to ₹1.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Business Correspondent at South Indian Bank?

According to AmbitionBox, 67% of the South Indian Bank Business Correspondents reported a notice period of 15 days or less, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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South Indian Bank Business Correspondent Salaries

South Indian Bank Business Correspondent salary in India ranges between ₹1 Lakh to ₹1.2 Lakh with an average annual salary of ₹. Salary estimates are based on 5 South Indian Bank latest salaries received from various employees of South Indian Bank.