Union Bank of India Business Correspondent Salaries by 5 Employees

0 - 5 years exp.

₹1 Lakh - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

22% 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. (34 salaries)	₹1.3 L/yr - ₹4 L/yr 34% more
Bank of Baroda Business Correspondent Salary 0 - 6 years exp. (15 salaries)	₹1.7 L/yr - ₹3.1 L/yr 9% more
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Canara Bank Business Correspondent Salary 1 - 6 years exp. (12 salaries)	₹1.2 L/yr - ₹5.2 L/yr 40% 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 - 5 years exp. (11 salaries)	₹1 L/yr - ₹3 L/yr 16% less
Central Bank of India Business Correspondent Salary 0 - 6 years exp. (9 salaries)	₹1.5 L/yr - ₹3 L/yr 13% more
Indian Bank Business Correspondent Salary 1 - 9 years exp. (8 salaries)	₹1.2 L/yr - ₹3 L/yr 11% more
HDFC Bank Business Correspondent Salary 1 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹3.6 L/yr 18% more
Punjab National Bank Business Correspondent Salary 2 - 13 years exp. (6 salaries)	₹1.5 L/yr - ₹2.5 L/yr 1% more
Axis Bank Business Correspondent Salary 2 - 7 years exp. (6 salaries)	₹0.9 L/yr - ₹2.8 L/yr 4% more
IndusInd Bank Business Correspondent Salary 2 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 32% 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
IDFC FIRST Bank Business Correspondent Salary 2 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 42% 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

View all

Similar Designation salaries in Union Bank of India

Sales Coordinator Salary

(4 salaries)

₹2 L/yr - ₹2.9 L/yr

Business Development Manager Salary

(3 salaries)

₹2.4 L/yr - ₹4 L/yr

Sales Executive Salary

(5 salaries)

₹1 L/yr - ₹3 L/yr

Business Development Executive Salary

(6 salaries)

₹2 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

(5 salaries)

₹2 L/yr - ₹4.65 L/yr

Branch Manager Salary

(97 salaries)

₹7 L/yr - ₹24 L/yr

Area Sales Manager Salary

(7 salaries)

₹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.

Job security - Excellent

+1 more

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 .

Work satisfaction - Poor

+1 more

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Salary - Poor

+5 more

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.

Salary - Good

+1 more

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.

Skill development - Poor

+2 more

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.

Work satisfaction - Bad

+2 more

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.

Promotions - Poor

+3 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Union Bank of India Business Correspondent Salary FAQs

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

The average salary of a Business Correspondent at Union Bank of India in India typically ranges from ₹1.0 Lakhs to ₹3.3 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Business Correspondent at Union Bank of India earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Business Correspondent Salaries at Union Bank of India 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 5 Union Bank of India employees in India.

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 in India typically ranges from ₹14,241 to ₹15,743 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from Fresher to 5 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 5 salaries received from various employees of Union Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Union Bank of India for Business Correspondent in India?

IDFC FIRST Bank	₹2.1 Lakhs to ₹4.0 Lakhs per year
Canara Bank	₹1.2 Lakhs to ₹5.2 Lakhs per year
ICICI Bank	₹2.4 Lakhs to ₹3.5 Lakhs per year
State Bank of India	₹1.3 Lakhs to ₹4.0 Lakhs per year
IndusInd Bank	₹2.5 Lakhs to ₹3.0 Lakhs per year

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

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

The salary of a Business Correspondent at companies similar to Union Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of India	₹1.0 Lakhs to ₹4.5 Lakhs per year
HDFC Bank	₹1.9 Lakhs to ₹3.6 Lakhs per year
Central Bank of India	₹1.5 Lakhs to ₹3.0 Lakhs per year
Indian Bank	₹1.2 Lakhs to ₹3.0 Lakhs per year
Bank of Baroda	₹1.7 Lakhs to ₹3.1 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 Business Correspondent at Union Bank of India in India?

The salary growth for a Business Correspondent at Union Bank of India depends on factors such as experience, performance, and promotions. On average, a Business Correspondent can expect the following growth trajectory at Union Bank of India:

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹3.6 Lakhs per year
1 year	₹1.5 Lakhs to ₹3.6 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.4 Lakhs per year
3 years	₹0.8 Lakhs to ₹3.3 Lakhs per year

and so on.

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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.