South Indian Bank Officer Grade 1 Salaries by 4 Employees

0 - 6 years exp.

₹6 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

16% more than the average Officer Grade 1 Salary in Banking Companies for 0 - 6 years of experience

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Last Updated: 31 Jul 2024

Companies similar to South Indian Bank for Officer Grade 1

Company name	Avg Annual Salary	Open Jobs
Federal Bank Officer Grade 1 Salary 0 - 2 years exp. (34 salaries)	₹6.1 L/yr - ₹16.2 L/yr 62% more
Karnataka Bank Officer Grade 1 Salary 0 - 10 years exp. (13 salaries)	₹6 L/yr - ₹14 L/yr 43% more
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CSB Bank Officer Grade 1 Salary 2 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹2.5 L/yr 65% less
DBS Bank Officer Grade 1 Salary 3 - 7 years exp. (5 salaries)	₹6.5 L/yr - ₹9 L/yr 7% more
the Nainital Bank Officer Grade 1 Salary 2 - 10 years exp. (4 salaries)	₹7.2 L/yr - ₹10 L/yr 25% more
Canara Bank Officer Grade 1 Salary 2 - 13 years exp. (23 salaries)	₹8.5 L/yr - ₹14 L/yr 57% more
Axis Bank Officer Grade 1 Salary 0 - 4 years exp. (20 salaries)	₹1.8 L/yr - ₹2.8 L/yr 63% less
IndusInd Bank Officer Grade 1 Salary 0 - 3 years exp. (6 salaries)	₹2.3 L/yr - ₹3 L/yr 61% less
HDFC Bank Officer Grade 1 Salary 1 - 6 years exp. (6 salaries)	₹2 L/yr - ₹2.7 L/yr 65% less
Jana Small Finance Bank Officer Grade 1 Salary 1 - 6 years exp. (6 salaries)	₹1.7 L/yr - ₹2.1 L/yr 72% less
RBL Bank Officer Grade 1 Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.1 L/yr 63% less
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ICICI Bank Officer Grade 1 Salary 2 - 4 years exp. (3 salaries)	₹1.7 L/yr - ₹2.5 L/yr 66% less
Bandhan Bank Officer Grade 1 Salary 3 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹1.9 L/yr 73% less

Officer Grade 1 salary at South Indian Bank ranges between ₹6 Lakhs to ₹8 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 4 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Officer Grade 1 salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹6 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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2 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹12.7 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹8 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8 L/yr

View all

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₹0.2 L/yr - ₹0.2 L/yr

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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

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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South Indian Bank Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at South Indian Bank ?

The average salary of a Officer Grade 1 at South Indian Bank in India typically ranges from ₹6.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Officer Grade 1 at South Indian Bank earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Officer Grade 1 Salaries at South Indian 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 South Indian Bank employees in India.

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

The estimated take-home salary of a Officer Grade 1 at South Indian Bank in India typically ranges from ₹51,739 to ₹52,959 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from Fresher 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 South Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than South Indian Bank for Officer Grade 1 in India?

Federal Bank	₹6.1 Lakhs to ₹16.2 Lakhs per year
Canara Bank	₹8.5 Lakhs to ₹14.0 Lakhs per year
Karnataka Bank	₹6.0 Lakhs to ₹14.0 Lakhs per year
the Nainital Bank	₹7.2 Lakhs to ₹10.0 Lakhs per year
DBS Bank	₹6.5 Lakhs to ₹9.0 Lakhs per year

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

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

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

IndusInd Bank	₹2.3 Lakhs to ₹3.0 Lakhs per year
RBL Bank	₹2.4 Lakhs to ₹3.1 Lakhs per year
Axis Bank	₹1.8 Lakhs to ₹2.8 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹2.7 Lakhs per year
CSB Bank	₹2.2 Lakhs to ₹2.5 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 South Indian Bank in India?

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

Experience	Average Salary Range
Fresher	₹6.0 Lakhs to ₹6.0 Lakhs per year
1 year	₹5.4 Lakhs to ₹6.9 Lakhs per year
2 years	₹5.7 Lakhs to ₹7.2 Lakhs per year
3 years	₹6.0 Lakhs to ₹7.7 Lakhs per year

and so on.

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South Indian Bank Officer Grade 1 Salaries

South Indian Bank Officer Grade 1 salary in India ranges between ₹6 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 South Indian Bank latest salaries received from various employees of South Indian Bank.