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Bank of India Branch Manager salaries in Mumbai

Annual salary range
6 - 12 years exp.
₹10 Lakhs - ₹18 Lakhs
Salary of majority employees
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26% more than the average Branch Manager Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
6 - 12 years exp. (3 salaries)
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₹11.3 L/yr - ₹18 L/yr

Finance & Accounting
Branch Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹13.8 L/yr - ₹17.5 L/yr

Last Updated: 14 Aug 2024

Companies similar to Bank of India for Branch Manager in Mumbai

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Bank of India Branch Manager Salary

6 - 12 years exp. (8 salaries)

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₹10 L/yr - ₹18 L/yr

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Company name Avg Annual Salary Open Jobs
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State Bank of India Branch Manager Salary

5 - 15 years exp. (27 salaries)

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₹12 L/yr - ₹28 L/yr

arrow icon 39% more
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (132 salaries)

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₹7.5 L/yr - ₹25.6 L/yr

arrow icon 31% more
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Yes Bank Branch Manager Salary

7 - 19 years exp. (82 salaries)

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₹6.2 L/yr - ₹26 L/yr

arrow icon 9% more
8 job openings
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IDBI Bank Branch Manager Salary

9 - 16 years exp. (5 salaries)

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₹12 L/yr - ₹30 L/yr

arrow icon 63% more
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Canara Bank Branch Manager Salary

6 - 12 years exp. (4 salaries)

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₹10 L/yr - ₹18.5 L/yr

arrow icon 4% more
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Union Bank of India Branch Manager Salary

8 - 11 years exp. (6 salaries)

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₹10 L/yr - ₹18 L/yr

arrow icon 4% more
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IndusInd Bank Branch Manager Salary

7 - 20 years exp. (76 salaries)

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₹7.8 L/yr - ₹23.7 L/yr

arrow icon 3% more
46 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (51 salaries)

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₹6.7 L/yr - ₹27.9 L/yr

arrow icon 19% more
7 job openings
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AU Small Finance Bank Branch Manager Salary

5 - 18 years exp. (30 salaries)

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₹5 L/yr - ₹21 L/yr

arrow icon 9% less
2 job openings
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Bandhan Bank Branch Manager Salary

7 - 19 years exp. (26 salaries)

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₹4.7 L/yr - ₹19.8 L/yr

arrow icon 11% less
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₹5.8 L/yr - ₹17.1 L/yr

arrow icon 27% less
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Jana Small Finance Bank Branch Manager Salary

8 - 16 years exp. (15 salaries)

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₹6.3 L/yr - ₹14.5 L/yr

arrow icon 32% less
3 job openings
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Bank of Baroda Branch Manager Salary

6 - 14 years exp. (12 salaries)

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₹7 L/yr - ₹25 L/yr

arrow icon 24% more
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Standard Chartered Branch Manager Salary

12 - 17 years exp. (11 salaries)

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₹18 L/yr - ₹40 L/yr

arrow icon 148% more
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Bank of Maharashtra Branch Manager Salary

5 - 10 years exp. (6 salaries)

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₹10 L/yr - ₹16 L/yr

arrow icon 7% more
Branch Manager salary at Bank of India ranges between ₹10 Lakhs to ₹18 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Branch Manager in Mumbai

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6 years exp.
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9 years exp.
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12 years exp.
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8 years exp.
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11 years exp.
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Experience wise Bank of India Branch Manager salaries in Mumbai

Last Updated: 14 Aug 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)

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₹11.1 L/yr - ₹14.2 L/yr
8 years (AmbitionBox Estimate)

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₹10 L/yr - ₹23.6 L/yr
9 years (AmbitionBox Estimate)

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₹13.8 L/yr - ₹25 L/yr
10 years  (3 salaries)

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₹10.3 L/yr - ₹26.3 L/yr
View all

Similar Designation salaries in Bank of India

Chief Manager Salary
(43 salaries)
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₹13 L/yr - ₹45 L/yr
Credit Manager Salary
(7 salaries)
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₹9 L/yr - ₹18 L/yr

Salary related reviews for Bank of India

3.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Product Management Department

4.0
  •  posted on 08 Mar 2024

3.0
 for  Salary and Benefits

Likes

Like a typical govt bank it offers 100% job security. Decent salary. If you own then you will get to lead projects end to end. Other govt perks and benefits are unparalleled.

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Dislikes

Sarkari culture. Sluggish work pace. Nepotism and politics. Late sitting for no reason just to appease bosses.

Foreign Exchange Department

4.0
  •  posted on 10 Jun 2018

2.0
 for  Salary and Benefits

Likes

Good working environment, good career growth, fully secured job.

Dislikes

...rence of the unions & officers association in the management. Too much politics. Salary not commensurate with the responsibility & accountability.

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Full Time

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Marketing & Communication Department

1.0
  •  posted on 05 Oct 2024

1.0
 for  Salary and Benefits

Likes

Only the thing is that you get salary on time and there is a provision of reimbursement....

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Dislikes

- Higher management does not know what marketing actually is on the field. The people, who are generalist and sitting at medium and top level management actually think that Marketing Officers are one who must not only grab the business but also generate it, which is not at all possible because conversion of leads into business depends on various factors and there are various stakeholders for this. Hence, conversion of leads into business cannot happen till the time everybody works as cooperative team member. - This is door to door sales job, various people opt this job by looking at false ratings of this profile on social media platforms managed by higher management. Also candidates who join this bank are optimistic at entry stage as they get selected after huge efforts through IBPS and get trapped after entering into this bank and at this profile. - General Banking Staff is jealous of Marketing Staff as they get additional petrol reimbursement due to their marketing efforts. - High level politics within bank. People who are in association of officers are like closed knit people of certain people in management and they only help those employees who can do flattery at extream level. - If you raise your voice on any legitimate issue, you would be targeted by management. - There are ghigh possibility of frequent transfers as transfer policy does not apply to Marketing Officers. - The standard operating procedure within the bank is not at all systematic. - Motivation or credit is not commensurate to efforts given by Marketing Officers, - There is absence of career path for Marketing Officers as they only can get promotions on Merit based channel and not on Seniority Based Channel. Once marketing officer reaches scale IV, he/she will have to opt for conversion to General Banking Stream. But there are very less opportunities for getting conversions. - Unlike specialist officers of other streams, Marketing Officers face huge hardships which include cold responses from customers as well as management. They seldomely are provided good place to even sit at various branches/offices of Bank Of India.

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Full Time

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BFSI, Investments & Trading Department

3.0
  •  posted on 16 Oct 2023

3.0
 for  Salary and Benefits

Likes

There is job security, salary is ok I guess Other than that I can't think of anything else

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Dislikes

Management doesn't know what goes on ground level, they keep making new policy which are against the benefits of employees, no coordination between different level management. I give you a example, there used be inter zone transfer every year but it hasn't happened in the last three year. I think I can go on and on.

read more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 29 Nov 2023

2.0
 for  Salary and Benefits

Likes

Pay and package is good, connectivity is good. Leave, reimbursement, training, nearby posting,

read more

Dislikes

Rude behaviour of some staff. Rude customers. More rural branches. Less importance to staff benefits. Lot of traveling due to far postings. Claims unsettled. Boring workplace. Hr not responsive.toxic work environment due to politics.

read more
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Bank of India Branch Manager Salary FAQs

What is the salary of Branch Manager at Bank of India Mumbai?
Branch Manager salary at Bank of India in Mumbai ranges between ₹10.0 Lakhs to ₹18.0 Lakhs for experience between 6 years to 12 years. According to our estimates it is 26% more than the average Branch Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Bank of India Mumbai.
How does the salary of a Branch Manager at Bank of India Mumbai compare with the average salary range for this job?
The average salary of a Branch Manager at Bank of India is 26% more than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Bank of India to a Branch Manager in Mumbai?
  • Standard Chartered Branch Manager Salary - ₹18.0 Lakhs to ₹40.0 Lakhs per year
  • IDBI Bank Branch Manager Salary - ₹12.0 Lakhs to ₹30.0 Lakhs per year
  • State Bank of India Branch Manager Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
  • Kotak Mahindra Bank Branch Manager Salary - ₹7.5 Lakhs to ₹25.6 Lakhs per year
  • Bank of Baroda Branch Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Branch Manager in companies similar to Bank of India in Mumbai?
  • IDFC FIRST Bank Branch Manager Salary - ₹6.7 Lakhs to ₹27.9 Lakhs per year
  • Yes Bank Branch Manager Salary - ₹6.2 Lakhs to ₹26.0 Lakhs per year
  • Bank of Maharashtra Branch Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year
  • Union Bank of India Branch Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
  • Canara Bank Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
What is the estimated take home salary of a Branch Manager at Bank of India in Mumbai?
The estimated take-home salary of a Branch Manager at Bank of India ranges between ₹94,769 per month to ₹97,321 per month in Mumbai. The take-home salary calculation is based on the average Bank of India Branch Manager salary in India which ranges between ₹10.0 Lakhs to ₹18.0 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Bank of India in Mumbai?
According to AmbitionBox, 67% of the Bank of India Branch Managers in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Bank of India Branch Manager salary in Mumbai ranges between ₹10 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Bank of India latest salaries received from various employees of Bank of India.