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Indian Bank Business Correspondent salaries in India

Annual salary range
1 - 9 years exp.
₹1.2 Lakh - ₹3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Business Correspondent Salary at Indian Bank ranges between ₹1.2 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 10 latest salaries received from... Read more

24% less than the average Business Correspondent Salary in Banking Companies for 1 - 9 years of experience

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Last Updated: 15 Sep 2023

Companies similar to Indian Bank for Business Correspondent

Company name Avg Annual Salary Open Jobs
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₹1 L/yr - ₹3 L/yr

arrow icon 11% less
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₹1.5 L/yr - ₹3 L/yr

arrow icon 14% more
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IndusInd Bank Business Correspondent Salary

2 - 3 years exp. (6 salaries)

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₹1.8 L/yr - ₹3 L/yr

arrow icon 25% more
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₹2 L/yr - ₹2.9 L/yr

arrow icon 16% more
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UCO Bank Business Correspondent Salary

5 - 6 years exp. (4 salaries)

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₹1.3 L/yr - ₹3.5 L/yr

arrow icon 27% more
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IDFC FIRST Bank Business Correspondent Salary

2 - 12 years exp. (3 salaries)

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₹2.1 L/yr - ₹5.1 L/yr

arrow icon 43% more
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₹1.5 L/yr - ₹4.9 L/yr

arrow icon 37% more
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J&K Bank Business Correspondent Salary

5 - 15 years exp. (3 salaries)

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₹3.2 L/yr - ₹8 L/yr

arrow icon 181% more

Indian Bank Business Correspondent salaries by

Years of experience Avg. annual salary
1 year (AmbitionBox Estimate)

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₹1.6 L/yr - ₹2.1 L/yr
2 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.2 L/yr
4 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
5 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
View all salaries by experience

Similar Designation Salaries at Indian Bank

Similar Designation Avg. annual salary
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₹11.2 L/yr - ₹14.3 L/yr

Sales Executive Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr

Team Lead Salary
(4 salaries)
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₹4.7 L/yr - ₹8 L/yr

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₹6.0 L/yr - ₹21.9 L/yr

Area Sales Manager Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.9 L/yr

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₹2.2 L/yr - ₹3 L/yr

Sales Manager Salary
(AmbitionBox Estimate)
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₹6.9 L/yr - ₹8.9 L/yr

Relationship Manager Salary
(AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.8 L/yr

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₹8 L/yr - ₹11.5 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a full stack developer
No Salary Discussion in My Appraisal — What’s Your Experience?
In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?
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Salary related reviews for Indian Bank

4.0

Rated by 1 employees for salary & benefits

BFSI, Investments & Trading Department

3.0
  •  updated on 19 Mar 2022

4.0
 for  Salary and Benefits

Likes

Job security, some of good Managers, Salary and Compensation is good. Its a government job but culture is quite like private job.

read more
  • Salary - Good
  • +2 more

Dislikes

Very much shortage of Staff, Some of the Mangement staff Behaviour is rude and Superior behaves like bossy. Too much workload due to immensely shortage of Staff. Bad promotion policy . Not all the time deserving candidate gets promotion. Transfer policy is poor. They do not consider your request unless you know someone who has influence.

read more
  • Work satisfaction - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  updated on 28 Nov 2024

5.0
 for  Salary and Benefits

Likes

Job security, good pay, ability to gain knowledge and connections.

  • Salary - Excellent
  • +4 more

Dislikes

Impossible targets, harassing in meeting stating transfers, expecting to work overtime even on holidays, unapproachable and unheedful HR personnel.

read more
  • Company culture - Poor

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  updated on 24 Jul 2024

4.0
 for  Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

read more
  • Salary - Good
  • +1 more

Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  updated on 05 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary in PSBs is the only thing you can term as a positive.

Dislikes

Work life balance is non existent. Management will bluntly put it that they do not care about your health or mental condition. Targets are unrealistic and everybody is out to pressurize branches as much possible, even encouraging unethical and fraudulent practices. HR is non existent. You will be forced to work long hours to satisfy the ego of the management. Join at your own risk.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  updated on 23 Mar 2022

3.0
 for  Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

read more
  • Job security - Excellent
  • +3 more

Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

read more
see more salary related reviews

Indian Bank Business Correspondent Salary FAQs

What is the salary of Business Correspondent at Indian Bank ?
The average salary of a Business Correspondent at Indian Bank in India typically ranges from ₹1.2 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Business Correspondent at Indian Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Business Correspondent Salaries at 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 Indian Bank employees in India.
What is the estimated take home salary of a Business Correspondent at Indian Bank in India?
The estimated take-home salary of a Business Correspondent at Indian Bank in India typically ranges from ₹14,076 to ₹15,563 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 9 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 Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Indian Bank for Business Correspondent in India?
J&K Bank ₹3.2 Lakhs to ₹8.0 Lakhs per year
IDFC FIRST Bank ₹2.1 Lakhs to ₹5.1 Lakhs per year
Union Bank of India ₹1.5 Lakhs to ₹4.9 Lakhs per year
UCO Bank ₹1.3 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank ₹1.8 Lakhs to ₹3.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Bank, depending on the role and experience level.
What is the salary of a Business Correspondent in companies similar to Indian Bank in India?
The salary of a Business Correspondent at companies similar to Indian Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of Maharashtra ₹2.0 Lakhs to ₹2.9 Lakhs per year
Central Bank of India ₹1.5 Lakhs to ₹3.0 Lakhs per year
Indian Overseas Bank ₹1.0 Lakhs to ₹3.0 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 Indian Bank in India?
The salary growth for a Business Correspondent at Indian Bank depends on factors such as experience, performance, and promotions. On average, a Business Correspondent can expect the following growth trajectory at Indian Bank:

Experience Average Salary Range
1 year ₹1.6 Lakhs to ₹2.1 Lakhs per year
2 years ₹1.7 Lakhs to ₹2.1 Lakhs per year
3 years ₹1.7 Lakhs to ₹2.2 Lakhs per year
4 years ₹1.8 Lakhs to ₹2.3 Lakhs per year
and so on.

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Indian Bank Business Correspondent salary in India ranges between ₹1.2 Lakh to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Indian Bank latest salaries received from various employees of Indian Bank.