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The Saraswat Co-operative Bank

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3.4

based on 379 Reviews

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Mumbai
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The Saraswat Co-operative Bank Salaries in Mumbai (Updated 2025)

based on 1.2k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Customer Success, Service & Operations IT & Information Security + 6 more
Designation Avg Annual Salary Open Jobs

Senior Branch Manager

31 years exp. · Mumbai (AmbitionBox Estimate)
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₹12.4 L/yr - ₹15.9 L/yr

IT Project Manager

10 years exp. · Mumbai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Junior Officer IT

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.2 L/yr - ₹5.3 L/yr

Incharge

9 years exp. · Mumbai (AmbitionBox Estimate)
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₹7.9 L/yr - ₹10.1 L/yr

Forex Officer

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.4 L/yr

Senior Software Engineer

7 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Legal Officer

15 years exp. · Mumbai (AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr

Deputy Manager Internal Audit

Fresher · Mumbai (AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr

Customer Success Engineer

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Advocate

6 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr

Temporary Staff

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹0.6 L/yr - ₹0.8 L/yr

Clerk

10 years exp. · Mumbai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Accounts & Administration Officer

9 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr

Human Resources Officer

13 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Electrical Engineer

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

Grade A Officer

14 years exp. · Mumbai (AmbitionBox Estimate)
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₹6 L/yr - ₹7.7 L/yr

Senior Manager Information Technology

19 years exp. · Mumbai (AmbitionBox Estimate)
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₹15.2 L/yr - ₹19.4 L/yr

Cashier

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr

Senior Cyber Security Analyst

3 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Last Updated: 6 Apr, 2025

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New offer. Confused.
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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Salary related reviews for The Saraswat Co-operative Bank

2.7

Rated by 158 employees for salary & benefits

Manager in Mumbai

Full Time

 · 

Other Department

4.0
  •  posted on 26 Jul 2024
3.0
 for  Salary and Benefits

Likes

Work culture is really good, you get to learn many things as one person does everything. There is no proper segregation of work. Staff is responsible for sales, audit, branch operations, customer service, it issues etc. so it's multi tasking job.

read more
  • Skill development - Good
    • +3 more

Dislikes

Salary and other monetary benefits of the bank are not good. Appraisal and yearly increment are always delayed. No communication from HR regarding the same. HR policies of the bank need to be improved. So that people will stay here for long.

read more

Business Development Officer in Mumbai

Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 03 Jan 2024
1.0
 for  Salary and Benefits

Likes

Nothing to like about

Dislikes

...ce of working in saraswat bank. There is no proper management in any department. They provide worst salary but work pressure is high. Pathetic culture. No employee is happy working in saraswat bank.

read more
  • Salary - Bad
    • +6 more

Business Development Officer in Mumbai

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 05 Dec 2023
1.0
 for  Salary and Benefits

Likes

Nothing special...

Dislikes

...ty Politics Unorganized and Toxic Work Culture Favouritism No work life balance Lower Pay Scale Unprofessional and Unethical Practices Non- Transparent HR Policies Required to work on holidays if the need be. Extreme pressure for marketing..

read more
  • Salary - Bad
    • +6 more

Junior Officer in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 13 Mar 2023
3.0
 for  Salary and Benefits

Likes

good salary in co operative sector near by location

Dislikes

not fix time of work push for the work which is impossible in given time limit some times have to work on Sundays official hours are 8 but all days work goes beyond 10 hours

read more
  • Promotions - Poor
    • +2 more

Junior Officer in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 26 Jul 2022
1.0
 for  Salary and Benefits

Likes

The bank culture is good comparing to other bank you will feel like family

  • Job security - Good

Dislikes

The salary is very low even if you took promotion only the work load will increase with the timings but not the salary. Payscale according to work is very low

read more
  • Salary - Bad
    • +4 more
see more salary related reviews

The Saraswat Co-operative Bank interview questions by designations

Junior Officer (10)Service Delivery Manager (1)Senior Manager Information Security (1)Deputy Manager (1)
View all 17 interview experiences

Know more about The Saraswat Co-operative Bank Mumbai

More about working at The Saraswat Co-operative Bank

The Saraswat Co-operative Bank Salary FAQs

How much does The Saraswat Co-operative Bank pay to its employees?
The average annual salary at The Saraswat Co-operative Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at The Saraswat Co-operative Bank, are as follows:

Senior Branch Manager ₹12.4 Lakhs to ₹15.9 Lakhs per year
IT Project Manager ₹5.4 Lakhs to ₹6.9 Lakhs per year
Junior Officer IT ₹4.2 Lakhs to ₹5.3 Lakhs per year
Incharge ₹7.9 Lakhs to ₹10.1 Lakhs per year

The highest-paying role, Assistant General Manager, earns between ₹22 Lakhs to ₹30 Lakhs per year. The top 10% of employees earn more than ₹15 Lakhs per year, and the top 1% earn over ₹30 Lakhs per year. Salaries at The Saraswat Co-operative 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 salary estimates are based on data from 1.2k salaries submitted by The Saraswat Co-operative Bank employees. The Saraswat Co-operative Bank is rated 2.7 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at The Saraswat Co-operative Bank in Mumbai?
The salary of a fresher at The Saraswat Co-operative Bank in Mumbai typically ranges from ₹1.5 Lakh to ₹4.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Junior Officer Salary ₹2 Lakhs to ₹4.5 Lakhs per year
Fresher as a Management Trainee Salary ₹1.5 Lakhs to ₹2 Lakhs per year
Fresher as a Junior Officer Trainee Salary ₹2.4 Lakhs to ₹3.6 Lakhs per year
Fresher as a Credit Manager Salary ₹6.6 Lakhs to ₹9 Lakhs per year

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Average annual salary in The Saraswat Co-operative Bank , Mumbai is INRunlock blur . Salary estimates are based on 1100+ The Saraswat Co-operative Bank latest salaries received from various employees of The Saraswat Co-operative Bank.

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