South Indian Bank Mumbai Forex Officer Salaries by 3 Employees (Updated 2025)

4 - 6 years exp.

₹12 Lakhs - ₹12.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

67% more than the average Forex Officer Salary in Banking Companies for 4 - 6 years of experience

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Last Updated: 6 Apr 2025

Companies similar to South Indian Bank for Forex Officer in Mumbai

South Indian Bank Forex Officer Salary

4 - 6 years exp. (3 salaries)

₹12 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Arvog Forex Officer Salary 5 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹3 L/yr 77% less

Forex Officer salary at South Indian Bank ranges between ₹12 Lakhs to ₹12.5 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Forex Officer salaries in Mumbai

Last Updated: 6 Apr 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
5 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
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6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr

Similar Designation salaries in South Indian Bank

Chief Manager Salary

(5 salaries)

₹22 L/yr - ₹25 L/yr

Analyst Salary

(3 salaries)

₹9 L/yr - ₹10 L/yr

Salary related reviews for South Indian Bank

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 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

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

Customer Service Associate in Coimbatore

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and other allowances

Salary - Excellent

+2 more

Dislikes

Work culture, constant transfers, to much of target pressure and malayalees groupism. There is job security but there won't be peace of mind after joining there. You will resign after going through a extenst

Work satisfaction - Bad

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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South Indian Bank Forex Officer Salary FAQs

How the salary growth look like for a Forex Officer at South Indian Bank in Mumbai?

The salary growth for a Forex Officer at South Indian Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Forex Officer in Mumbai can expect the following growth trajectory at South Indian Bank:

Experience	Average Salary Range
4 years	₹11.2 Lakhs to ₹14.3 Lakhs per year
5 years	₹11.2 Lakhs to ₹14.3 Lakhs per year
6 years	₹11.1 Lakhs to ₹14.2 Lakhs per year

and so on.

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South Indian Bank Forex Officer Salaries in Mumbai

South Indian Bank Forex Officer salary in Mumbai ranges between ₹12 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 South Indian Bank latest salaries received from various employees of South Indian Bank.