Union Bank of India Business Correspondent Salaries by 5 Employees (Updated 2024)

0 - 5 years exp.

₹1 Lakh - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

23% less than the average Business Correspondent Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Correspondent Salary Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr
Customer Success, Service & Operations Business Correspondent Salary 1 year exp. (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.6 L/yr
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Finance & Accounting Business Correspondent Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr

Last Updated: 3 Oct 2024

Companies similar to Union Bank of India for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
State Bank of India Business Correspondent Salary 1 - 12 years exp. (36 salaries)	₹1.3 L/yr - ₹4 L/yr 25% more
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 18% more
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ICICI Bank Business Correspondent Salary 0 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹3.5 L/yr 37% more
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 4% more
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 42% more
IndusInd Bank Business Correspondent Salary 2 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 32% more
Punjab National Bank Business Correspondent Salary 2 - 13 years exp. (6 salaries)	₹1.5 L/yr - ₹2.5 L/yr 1% more
Bank of Baroda Business Correspondent Salary 2 - 8 years exp. (17 salaries)	₹1.7 L/yr - ₹4.2 L/yr 15% more
Bank of India Business Correspondent Salary 0 - 10 years exp. (12 salaries)	₹1 L/yr - ₹4.5 L/yr 30% more
Indian Overseas Bank Business Correspondent Salary 1 - 6 years exp. (10 salaries)	₹1.3 L/yr - ₹3 L/yr 6% less
Canara Bank Business Correspondent Salary 1 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5.2 L/yr 25% more
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Indian Bank Business Correspondent Salary 1 - 9 years exp. (8 salaries)	₹1.2 L/yr - ₹3 L/yr 10% more
Central Bank of India Business Correspondent Salary 0 - 7 years exp. (7 salaries)	₹1.5 L/yr - ₹3 L/yr 14% more

Business Correspondent salary at Union Bank of India ranges between ₹1 Lakh to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Business Correspondent salaries

Last Updated: 3 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.6 L/yr
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.8 L/yr

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Similar Designation salaries in Union Bank of India

Sales Coordinator Salary

(3 salaries)

₹2 L/yr - ₹3 L/yr

Business Development Manager Salary

(3 salaries)

₹2.4 L/yr - ₹3 L/yr

Sales Executive Salary

(5 salaries)

₹1 L/yr - ₹3 L/yr

Business Development Executive Salary

(7 salaries)

₹2.5 L/yr - ₹3.5 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹29.7 L/yr - ₹37.9 L/yr

Team Lead Salary

(4 salaries)

₹2 L/yr - ₹4.65 L/yr

Branch Manager Salary

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₹7 L/yr - ₹21 L/yr

Area Sales Manager Salary

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₹0.1 L/yr - ₹6 L/yr

Salary related reviews for Union Bank of India

Branch Manager in Rajahmundry

BFSI, Investments & Trading Department

3.0

• posted on 07 Jan 2019

3.0

for Salary and Benefits

Likes

The company allows you fast new challenges every time and you need to completely learn accordingly. We will have good respect in the society.

Dislikes

Growth is fast but the pressure increase multiple times and salary wil be increased very slow. Most of the things are to be managed by one person only and no one will be supporting them . Though few are experienced and highly skilled ,they won't have time to train subordinates .

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Jul 2023

3.0

for Salary and Benefits

Likes

Salary and allowances will be on time. Easy to get loans on self name.

Dislikes

These days banking jobs became much stressful and hectic with no personal life. Young generation please don't come banking side anymore.

Branch Head in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 May 2023

5.0

for Salary and Benefits

Likes

Since it is a government bank, job security and salary is very handful.

Dislikes

Work life balance is very as they will not give you home posting it nearby posting and when you will away higher authority will force you unilaterally without listening anything

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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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Union Bank of India Business Correspondent Salary FAQs

What is the salary of Business Correspondent at Union Bank of India?

Business Correspondent salary at Union Bank of India in India ranges between ₹1.0 Lakhs to ₹3.3 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 23% less than the average Business Correspondent Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Union Bank of India India.

How does the salary of a Business Correspondent at Union Bank of India India compare with the average salary range for this job?

The average salary of a Business Correspondent at Union Bank of India is 23% less than the average salary of a Business Correspondent in India. To know exact salary insights, login to view.

Which similar companies are paying more than Union Bank of India to a Business Correspondent in India?

IDFC FIRST Bank Business Correspondent Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
ICICI Bank Business Correspondent Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank Business Correspondent Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
Bank of India Business Correspondent Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
State Bank of India Business Correspondent Salary - ₹1.3 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Business Correspondent in companies similar to Union Bank of India in India?

Canara Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹5.2 Lakhs per year
HDFC Bank Business Correspondent Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year
Bank of Baroda Business Correspondent Salary - ₹1.7 Lakhs to ₹4.2 Lakhs per year
Central Bank of India Business Correspondent Salary - ₹1.5 Lakhs to ₹3.0 Lakhs per year
Indian Bank Business Correspondent Salary - ₹1.2 Lakhs to ₹3.0 Lakhs per year

What is the estimated take home salary of a Business Correspondent at Union Bank of India in India?

The estimated take-home salary of a Business Correspondent at Union Bank of India ranges between ₹14,241 per month to ₹15,743 per month in India. The take-home salary calculation is based on the average Union Bank of India Business Correspondent salary in India which ranges between ₹1.0 Lakhs to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Business Correspondent at Union Bank of India?

According to AmbitionBox, 100% of the Union Bank of India Business Correspondents reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Union Bank of India Business Correspondent Salaries

Union Bank of India Business Correspondent salary in India ranges between ₹1 Lakh to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Union Bank of India latest salaries received from various employees of Union Bank of India.