Minimum Wage – Private Financial Institutions

  • Valid in September 2025
  • The amounts are in Indian Rupee (₹).

Job Title

Per month VDA per month Per month Allowance per month Total per month
Cleaner, Sweeper, Housekeeping Assistant, Attender, Office Attendant, Messenger
Minimum wage with effect from 16 January 2020.
₹10,150.00 ₹400.00 ₹12,150.00 ₹500.00 ₹14,650.00
Gardener, Watchman /Security Guard (Un armed)
Minimum wage with effect from 16 January 2020.
₹10,750.00 ₹400.00 ₹12,750.00 ₹500.00 ₹15,250.00
Driver
Minimum wage with effect from 16 January 2020.
₹11,500.00 ₹400.00 ₹13,500.00 ₹500.00 ₹16,000.00
Collection Executive, ATM Cash Loading Executive, Collection Agent, Recovery Assistant, Bill Collector, Appraiser, Security Guard (Armed)
Minimum wage with effect from 16 January 2020.
₹13,250.00 ₹700.00 ₹16,750.00 ₹800.00 ₹20,750.00
Clerk, Junior Officer, Junior Assistant, Sales Officer, Business Development Officer, Insurance Promoter, Insurance Agent, Insurance Adviser, Junior Recovery Officer, Junior Executive, Customer Service Executive, Customer care Executive, Business Associate, Junior Credit Officer
Minimum wage with effect from 16 January 2020.
₹14,750.00 ₹750.00 ₹18,500.00 ₹850.00 ₹22,750.00
Cashier, Accountant, Senior Executive, Customer Relations Executive/ Customer Relation Officer, Senior Recovery Officer, Senior Business Associate, Junior Insurance Officer, Assistant Credit Officer
Minimum wage with effect from 16 January 2020.
₹16,250.00 ₹850.00 ₹20,500.00 ₹950.00 ₹25,250.00
Assistant Manager, Business Manager, Sales Development Manager, Sales Manager, Business Development Officer, Cashier-cum-Accountant, Senior Insurance Officer, Credit Officer
Minimum wage with effect from 16 January 2020.
₹18,500.00 ₹1,150.00 ₹24,300.00 ₹1,250.00 ₹30,550.00
Branch Manager, Manager (Human Resource), Operations Head, Branch Head, Legal Assistant
Minimum wage with effect from 16 January 2020.
₹20,500.00 ₹1,250.00 ₹26,750.00 ₹1,400.00 ₹33,750.00

Definitions

Definition of Unskilled, Semi-skilled, Skilled & Highly Skilled Workers.
(i) Unskilled:
An unskilled employee is one who does operations that involve the performance of simple duties, which require the experience of little of no independent judgment or previous experience although familiarity with the occupational environment is necessary. His work may thus require in addition to physical exertion familiarity with variety of articles or goods.
(ii) Semi-skilled:
A semiskilled worker is one who does work generally of defined routine nature wherein the major requirement is not so much of the judgment, skill and but for proper discharge of duties assigned to him or relatively narrow job and where important decisions made by others. His work is thus limited to the performance of routine operations of limited scope.
(iii) Skilled:
A skilled employee is one who is capable of working efficiently of exercising considerable independent judgement and of discharging his duties with responsibility. He must posses a thorough and comprehensive knowledge of the trade, craft or industry in which he is employed.
(iv) Highly Skilled:
A highly skilled worker is one who is capable of working efficiently and supervises efficiently the work of skilled employees.

Wages per month are calculated as 4.33 times if a weekly wage is defined. It is calculated as 4.33 times the standard hours per week if an hourly wage is given.

More information is available at

Disclaimer

The Minimum Wage tool is powered by WageIndicator’s data. Although our datasets are cleaned, scientifically checked and benchmarked, no responsibility can be taken for 100% accuracy. The information and data displayed are not necessarily comprehensive, complete, accurate or up to date at all times. Using the data from the Minimum Wage tool is at the user’s own risk.

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