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Axis Bank Manager M1 salaries in Mumbai (Updated 2025)

Annual salary range
5 - 12 years exp.
₹6 Lakhs - ₹10.6 Lakhs
Salary of majority employees
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26% less than the average Manager M1 Salary in Banking Companies for 5 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
5 - 9 years exp. (6 salaries)
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₹7.3 L/yr - ₹9.5 L/yr

Risk Management & Compliance
Manager M1 Salary
6 - 12 years exp. (3 salaries)
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₹8.2 L/yr - ₹10.4 L/yr

Customer Success, Service & Operations
Manager M1 Salary
9 - 12 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹10.6 L/yr

Sales & Business Development
Manager M1 Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹8.2 L/yr - ₹9.2 L/yr

Finance & Accounting
Manager M1 Salary
10 years exp. (AmbitionBox Estimate)
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₹7.8 L/yr - ₹10 L/yr

Last Updated: 14 Mar 2025

Companies similar to Axis Bank for Manager M1 in Mumbai

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Axis Bank Manager M1 Salary

5 - 12 years exp. (17 salaries)

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₹6 L/yr - ₹10.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Manager M1 Salary

1 - 17 years exp. (509 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 34% more
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HDFC Bank Manager M1 Salary

5 - 13 years exp. (22 salaries)

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₹6 L/yr - ₹10.5 L/yr

At par
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Kotak Mahindra Bank Manager M1 Salary

2 - 12 years exp. (17 salaries)

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₹3.4 L/yr - ₹9 L/yr

arrow icon 21% less
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IndusInd Bank Manager M1 Salary

4 - 10 years exp. (9 salaries)

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₹5.5 L/yr - ₹8.8 L/yr

arrow icon 12% less
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RBL Bank Manager M1 Salary

5 - 15 years exp. (7 salaries)

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₹6.8 L/yr - ₹9.2 L/yr

At par
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Yes Bank Manager M1 Salary

2 - 10 years exp. (6 salaries)

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₹5.5 L/yr - ₹10.1 L/yr

arrow icon 7% less
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IDFC FIRST Bank Manager M1 Salary

6 - 12 years exp. (6 salaries)

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₹5.5 L/yr - ₹8.5 L/yr

arrow icon 12% less
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Bandhan Bank Manager M1 Salary

9 - 11 years exp. (3 salaries)

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₹7.2 L/yr - ₹9.5 L/yr

arrow icon 2% more
Manager M1 salary at Axis Bank ranges between ₹6 Lakhs to ₹10.6 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 17 latest salaries received from various employees of Axis Bank.

Latest annual salaries shared by Axis Bank Manager M1 in Mumbai

1w ago
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12 years exp.
5mo ago
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9 years exp.
6mo ago
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10 years exp.
11mo ago
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12 years exp.
1y ago
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6 years exp.
1y ago
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11 years exp.
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9 years exp.
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6 years exp.

Experience wise Axis Bank Manager M1 salaries in Mumbai

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹9 L/yr
6 years  (3 salaries)

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₹7.3 L/yr - ₹9.1 L/yr
7 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹9 L/yr
8 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹8.2 L/yr
9 years  (5 salaries)

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₹6 L/yr - ₹9.5 L/yr
View all

Similar Designation salaries in Axis Bank

Deputy Manager Salary
(2.2k salaries)
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₹2 L/yr - ₹9.76 L/yr
Project Manager Salary
(58 salaries)
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₹6.25 L/yr - ₹24.55 L/yr
Program Manager Salary
(46 salaries)
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₹9 L/yr - ₹24 L/yr
Team Lead Salary
(41 salaries)
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₹2 L/yr - ₹5.8 L/yr
Branch Manager Salary
(24 salaries)
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₹10 L/yr - ₹27 L/yr
Service Manager Salary
(10 salaries)
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₹3.45 L/yr - ₹11.2 L/yr
Team Manager Salary
(7 salaries)
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₹3.1 L/yr - ₹9.8 L/yr
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₹6.5 L/yr - ₹12 L/yr

Salary related reviews for Axis Bank

4.0

Rated by 3 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 24 Jan 2025

3.0
 for  Salary and Benefits

Likes

Skill development compared to other bank axis provide good learnings

  • Job security - Good

Dislikes

Axis gives less salary compared to other bank and also high work pressure and high pressure to cross sell and make employees to run behind the customer and its make Customer to get irritated

read more
  • Work satisfaction - Poor
  • +2 more

Full Time

 · 

Legal & Regulatory Department

2.0
  •  posted on 11 Dec 2024

1.0
 for  Salary and Benefits

Likes

The team is good and if you want to learn on your own

  • Job security - Excellent

Dislikes

Location placement is not good Culture is not good as well Salary is the worst as compared to other national banks Overall learning is not that great No training facilities

read more
  • Salary - Bad
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 21 Nov 2024

5.0
 for  Salary and Benefits

Likes

Salary on time. Descent salary package they provide compare to other companies.

read more
  • Salary - Excellent

Dislikes

No work life balance. Unlimited pressure on tpp products. Huge mental pressure. Worst work culture. Huge partiality within employees. No team work.

read more
  • Work satisfaction - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 02 Nov 2024

2.0
 for  Salary and Benefits

Likes

Job certainty, less pressure of work as compared to other bank.

  • Job security - Good

Dislikes

Out dated Process of work, no training for new joiners, less salary package as compared to other company, lack of communication before application of new process, no leave encashment

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 05 Oct 2024

1.0
 for  Salary and Benefits

Likes

...entally disturbed and getting panic attacks at work. Very in human work culture. They will tell you the salary is 40k in-hand and pay you 28k, when you go back to discuss they simply put up some reason ok deductions that was never informed on the first place.

read more

Dislikes

Do not work here unless you want to be dragged around like an animal . I not only speak for myself but everyone that I know there. Only working in such a toxic environment to make some money for bread. And how they treat you is by throwing bread crumbs on the floor. They are the best manipulaters. Even if you are on death bed, they would want you to report to work.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Axis Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at Axis Bank in Mumbai?
The average salary of a Manager M1 at Axis Bank in Mumbai typically ranges from ₹6.0 Lakhs to ₹10.6 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Manager M1 in Mumbai at Axis Bank earn more than ₹10.3 Lakhs per year, and the top 1% earn over ₹10.6 Lakhs per year. Manager M1 Salaries at Axis 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+ Axis Bank employees in India.
What is the estimated take home salary of a Manager M1 at Axis Bank in Mumbai?
The estimated take-home salary of a Manager M1 at Axis Bank in Mumbai typically ranges from ₹60,049 to ₹61,567 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.6 Lakhs per year for employees with experience ranging from 5 years to 12 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 Axis Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Axis Bank for Manager M1 in India?
ICICI Bank ₹4.5 Lakhs to ₹15.0 Lakhs per year
Bandhan Bank ₹7.2 Lakhs to ₹9.5 Lakhs per year
RBL Bank ₹6.8 Lakhs to ₹9.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Bank, depending on the role and experience level.
What is the salary of a Manager M1 in companies similar to Axis Bank in Mumbai?
The salary of a Manager M1 at companies similar to Axis Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank ₹6.0 Lakhs to ₹10.5 Lakhs per year
Yes Bank ₹5.5 Lakhs to ₹10.1 Lakhs per year
IndusInd Bank ₹5.5 Lakhs to ₹8.8 Lakhs per year
IDFC FIRST Bank ₹5.5 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindra Bank ₹3.4 Lakhs to ₹9.0 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 Manager M1 at Axis Bank in Mumbai?
The salary growth for a Manager M1 at Axis Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at Axis Bank:

Experience Average Salary Range
5 years ₹3.1 Lakhs to ₹9.0 Lakhs per year
6 years ₹7.3 Lakhs to ₹9.1 Lakhs per year
7 years ₹6.3 Lakhs to ₹9.0 Lakhs per year
8 years ₹3.2 Lakhs to ₹8.2 Lakhs per year
and so on.

Tell us how to improve this page.

Axis Bank Manager M1 salary in Mumbai ranges between ₹6 Lakhs to ₹10.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Axis Bank latest salaries received from various employees of Axis Bank.