South Indian Bank Mumbai Probationary Officer Salaries by 10+ Employees (Updated 2025)

0 - 2 years exp.

₹8 Lakhs - ₹12.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

11% more than the average Probationary Officer Salary in Banking Companies for 0 - 2 years of experience

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Salaries in different departments

Finance & Accounting Probationary Officer Salary 0 - 1 year exp. (4 salaries)	₹8 L/yr - ₹12.5 L/yr
Customer Success, Service & Operations Probationary Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹12.5 L/yr
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BFSI, Investments & Trading Probationary Officer Salary Fresher (AmbitionBox Estimate)	₹10 L/yr - ₹11 L/yr

Last Updated: 14 Feb 2025

Companies similar to South Indian Bank for Probationary Officer in Mumbai

South Indian Bank Probationary Officer Salary

0 - 2 years exp. (11 salaries)

₹8 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Federal Bank Probationary Officer Salary 0 - 4 years exp. (30 salaries)	₹6 L/yr - ₹16 L/yr 12% more
ICICI Bank Probationary Officer Salary 0 - 2 years exp. (9 salaries)	₹4 L/yr - ₹5.5 L/yr 53% less
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Canara Bank Probationary Officer Salary 1 - 6 years exp. (3 salaries)	₹6.6 L/yr - ₹7.5 L/yr 34% less
UCO Bank Probationary Officer Salary 1 - 2 years exp. (3 salaries)	₹5.2 L/yr - ₹6.8 L/yr 40% less
State Bank of India Probationary Officer Salary 0 - 5 years exp. (5 salaries)	₹6 L/yr - ₹18 L/yr 3% more

Probationary Officer salary at South Indian Bank ranges between ₹8 Lakhs to ₹12.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 11 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Probationary Officer salaries in Mumbai

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹10 L/yr - ₹12.5 L/yr
1 year (7 salaries)	₹8 L/yr - ₹12.5 L/yr
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2 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr

From

Probationary Officer

₹

Lakhs/yr

0 - 2 years exp.

Chief Manager

₹

Lakhs/yr

10 - 17 years exp.

Probationary Officer

0 - 2 years exp.

Assistant Manager

2 - 11 years exp.

19% hike

Manager

6 - 14 years exp.

42% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in South Indian Bank

Relationship Manager Salary

(5 salaries)

₹10 L/yr - ₹20 L/yr

Analyst Salary

(3 salaries)

₹9 L/yr - ₹10 L/yr

Salary related reviews for South Indian Bank

4.0

Rated by 2 employees for salary & benefits

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

Probationary Officer in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 16 Jan 2023

5.0

for Salary and Benefits

Likes

Salary they provide intial phase of career is nice

Salary - Excellent

Dislikes

Business they will ask it depends upon manager also how they give targets and all ..but it is very frustration to do operation part as well as business targets

Skill development - Poor

+2 more

Probationary Officer in Hyderabad / Secunderabad

BFSI, Investments & Trading Department

4.0

• posted on 10 Mar 2022

5.0

for Salary and Benefits

Likes

In my case, very co-operative environment since the date of joining.

Salary - Excellent

+3 more

Dislikes

Compensation is decent. Organization doesn't focus much on development of an individual. Transfers are also unpredictable for probationers. Bond amount is a bit too high. Workplace lags behind the competitors on grounds of basic resources at branch-level.

Promotions - Poor

+1 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

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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 Probationary Officer Salary FAQs

What is the salary of Probationary Officer at South Indian Bank in Mumbai?

The average salary of a Probationary Officer at South Indian Bank in Mumbai typically ranges from ₹8.0 Lakhs to ₹12.5 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Probationary Officer in Mumbai at South Indian Bank earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Probationary Officer 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 10+ South Indian Bank employees in India.

What is the estimated take home salary of a Probationary Officer at South Indian Bank in Mumbai?

The estimated take-home salary of a Probationary Officer at South Indian Bank in Mumbai typically ranges from ₹79,400 to ₹81,466 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from Fresher to 2 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 10+ 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 Probationary Officer in India?

Federal Bank	₹6.0 Lakhs to ₹16.0 Lakhs per year
State Bank of India	₹6.0 Lakhs to ₹18.0 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 Probationary Officer in companies similar to South Indian Bank in Mumbai?

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

Canara Bank	₹6.6 Lakhs to ₹7.5 Lakhs per year
UCO Bank	₹5.2 Lakhs to ₹6.8 Lakhs per year
ICICI Bank	₹4.0 Lakhs to ₹5.5 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 Probationary Officer at South Indian Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹10.0 Lakhs to ₹12.5 Lakhs per year
1 year	₹8.0 Lakhs to ₹12.5 Lakhs per year
2 years	₹10.0 Lakhs to ₹12.8 Lakhs per year

and so on.

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South Indian Bank Probationary Officer Salaries in Mumbai

South Indian Bank Probationary Officer salary in Mumbai ranges between ₹8 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 South Indian Bank latest salaries received from various employees of South Indian Bank.