State Bank of India Officer Grade 1 Salaries by 5 Employees (Updated 2024)

5 - 11 years exp.

₹8 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

64% more than the average Officer Grade 1 Salary in Banking Companies for 5 - 11 years of experience

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Salaries in different departments

Marketing & Communication Officer Grade 1 Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.6 L/yr
BFSI, Investments & Trading Officer Grade 1 Salary 7 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr
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Finance & Accounting Officer Grade 1 Salary 11 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.6 L/yr

Last Updated: 31 Dec 2023

Companies similar to State Bank of India for Officer Grade 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Officer Grade 1 Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 76% less
Axis Bank Officer Grade 1 Salary 0 - 4 years exp. (21 salaries)	₹1.8 L/yr - ₹3 L/yr 74% less
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IndusInd Bank Officer Grade 1 Salary 0 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹3.1 L/yr 71% less
Federal Bank Officer Grade 1 Salary 0 - 4 years exp. (30 salaries)	₹6.1 L/yr - ₹16.2 L/yr 14% more
RBL Bank Officer Grade 1 Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.1 L/yr 74% less
Bandhan Bank Officer Grade 1 Salary 3 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹1.9 L/yr 81% less
Canara Bank Officer Grade 1 Salary 2 - 10 years exp. (15 salaries)	₹8.5 L/yr - ₹15 L/yr 10% more
Bank of Baroda Officer Grade 1 Salary 4 - 10 years exp. (8 salaries)	₹8.5 L/yr - ₹14 L/yr 15% more
Bank of India Officer Grade 1 Salary 6 - 8 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 12% more
Punjab National Bank Officer Grade 1 Salary 3 - 6 years exp. (4 salaries)	₹8.8 L/yr - ₹11.4 L/yr 3% more
Reserve Bank of India Officer Grade 1 Salary 0 - 3 years exp. (4 salaries)	₹18 L/yr - ₹31 L/yr 147% more
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Indian Bank Officer Grade 1 Salary 3 - 30 years exp. (3 salaries)	₹6 L/yr - ₹12 L/yr 4% more

Officer Grade 1 salary at State Bank of India ranges between ₹8 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Officer Grade 1 salaries

Last Updated: 31 Dec 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹9.1 L/yr
6 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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7 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.8 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10.5 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹10.5 L/yr
10 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹10.5 L/yr

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₹1.4 L/yr - ₹1.7 L/yr

Quality Analyst Salary

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QA QC Engineer Salary

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₹10.8 L/yr - ₹13.8 L/yr

QA Engineer Salary

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₹9 L/yr - ₹16 L/yr

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₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for State Bank of India

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Salary and perks

Dislikes

Very poor,work life balance is nothing,no knowledge updation because they know about job security so they are less worried about customer service knowledge updation and delivering our best.only. late sitting can save u and made you hero not your expertise and smart work.

Deputy Manager in Visnagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Apr 2023

4.0

for Salary and Benefits

Likes

Salary and perks are good

Dislikes

You have to work 12 hours a day, management pressure, you have to work on Sunday and holiday also, due to staff shortage you can't get leave on occasion. You can't give time to your family.

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 27 Jul 2023

1.0

for Salary and Benefits

Likes

State Bank of India is still working like traditional banker and since it is largest bank it takes too much time to see any rapid changes which is need of the hour.

Dislikes

Salary is way below and the transfer and promotion policies are very opaque

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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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State Bank of India Officer Grade 1 Salary FAQs

What is the salary of Officer Grade 1 at State Bank of India?

Officer Grade 1 salary at State Bank of India in India ranges between ₹8.0 Lakhs to ₹10.5 Lakhs for experience between 5 years to 11 years. According to our estimates it is 64% more than the average Officer Grade 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India India.

How does the salary of a Officer Grade 1 at State Bank of India India compare with the average salary range for this job?

The average salary of a Officer Grade 1 at State Bank of India is 64% more than the average salary of a Officer Grade 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Officer Grade 1 in India?

Reserve Bank of India Officer Grade 1 Salary - ₹18.0 Lakhs to ₹31.0 Lakhs per year
Bank of Baroda Officer Grade 1 Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
Federal Bank Officer Grade 1 Salary - ₹6.1 Lakhs to ₹16.2 Lakhs per year
Bank of India Officer Grade 1 Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Canara Bank Officer Grade 1 Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year

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

Indian Bank Officer Grade 1 Salary - ₹6.0 Lakhs to ₹12.0 Lakhs per year
Punjab National Bank Officer Grade 1 Salary - ₹8.8 Lakhs to ₹11.4 Lakhs per year
IndusInd Bank Officer Grade 1 Salary - ₹2.5 Lakhs to ₹3.1 Lakhs per year
Axis Bank Officer Grade 1 Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
RBL Bank Officer Grade 1 Salary - ₹2.4 Lakhs to ₹3.1 Lakhs per year

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

The estimated take-home salary of a Officer Grade 1 at State Bank of India ranges between ₹69,864 per month to ₹71,661 per month in India. The take-home salary calculation is based on the average State Bank of India Officer Grade 1 salary in India which ranges between ₹8.0 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Officer Grade 1 at State Bank of India?

According to AmbitionBox, 100% of the State Bank of India Officer Grade 1s reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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State Bank of India Officer Grade 1 Salaries

State Bank of India Officer Grade 1 salary in India ranges between ₹8 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 State Bank of India latest salaries received from various employees of State Bank of India.