South Indian Bank Business Correspondent Salaries by 5 Employees (Updated 2024)

0 - 5 years exp.

₹1 Lakh - ₹1.1 Lakh

Low Confidence

Salary of majority employees

62% less than the average Business Correspondent Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Correspondent Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
Finance & Accounting Business Correspondent Salary Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
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Marketing & Communication Business Correspondent Salary Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹1.2 L/yr

Last Updated: 2 Oct 2024

Companies similar to South Indian Bank for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
City Union Bank Business Correspondent Salary 1 - 6 years exp. (4 salaries)	₹1 L/yr - ₹2.5 L/yr 62% more
J&K Bank Business Correspondent Salary 5 - 15 years exp. (3 salaries)	₹3.2 L/yr - ₹8 L/yr 464% more
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Canara Bank Business Correspondent Salary 1 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5.2 L/yr 154% more
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 112% more
IndusInd Bank Business Correspondent Salary 2 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 167% more
ICICI Bank Business Correspondent Salary 0 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹3.5 L/yr 179% more
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 139% more
Union Bank of India Business Correspondent Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹3.3 L/yr 103% more
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 188% more

Business Correspondent salary at South Indian Bank ranges between ₹1 Lakh to ₹1.1 Lakh per year for employees with less than 1 year of experience to 5 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: 2 Oct 2024

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

View all

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Salary related reviews for South Indian Bank

5.0

Rated by 1 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.

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.

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

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

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

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.

Dislikes

Sometime too much of regulations and rules hurt the business

Customer Service Associate in Durgapur

Full Time

Other Department

3.0

• posted on 17 Sep 2023

4.0

for Salary and Benefits

Likes

Their salary structure as compare to other pvt Bank is good because they follow iba payscale but not sure for how long after the change in the administration.

Dislikes

Senior staff of the banks are useless they just want to sit and expect spoon feeding bank initiative taken by the head office are never been viewed seriously managers of the bank in fact assistant manager and the po just act that they are working but the reality is that they just wanna pas their time in side the bank

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Salary Discussions, Hike & Promotions

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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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 ₹1.1 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 62% 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 62% 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 ₹6,802 per month to ₹7,442 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 ₹1.1 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the South Indian Bank Business Correspondents reported a notice period of 15 days or less, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 5 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 ₹1.1 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.