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Bank of India Branch Manager salaries in Mumbai

Annual salary range
6 - 12 years exp.
₹10 Lakhs - ₹18 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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27% 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 - ₹16.4 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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ICICI Bank Branch Manager Salary

4 - 20 years exp. (227 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 2% more
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Kotak Mahindra Bank Branch Manager Salary

8 - 20 years exp. (142 salaries)

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₹10 L/yr - ₹30 L/yr

arrow icon 41% more
1 job opening
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Yes Bank Branch Manager Salary

7 - 19 years exp. (84 salaries)

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₹8.3 L/yr - ₹26 L/yr

arrow icon 18% more
3 job openings
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IndusInd Bank Branch Manager Salary

7 - 20 years exp. (77 salaries)

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₹7.6 L/yr - ₹25 L/yr

arrow icon 17% more
120 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (52 salaries)

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₹8 L/yr - ₹27.8 L/yr

arrow icon 25% more
4 job openings
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State Bank of India Branch Manager Salary

5 - 16 years exp. (35 salaries)

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₹12 L/yr - ₹37 L/yr

arrow icon 65% more
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AU Small Finance Bank Branch Manager Salary

5 - 18 years exp. (29 salaries)

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₹7.5 L/yr - ₹22.6 L/yr

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

10 - 19 years exp. (25 salaries)

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₹4.9 L/yr - ₹20.3 L/yr

arrow icon 9% less
1 job opening
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Jana Small Finance Bank Branch Manager Salary

8 - 16 years exp. (16 salaries)

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₹6.3 L/yr - ₹17 L/yr

arrow icon 29% less
1 job opening
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₹5.8 L/yr - ₹16 L/yr

arrow icon 30% less
27 job openings
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Standard Chartered Branch Manager Salary

12 - 17 years exp. (13 salaries)

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₹18 L/yr - ₹46 L/yr

arrow icon 104% more
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Union Bank of India Branch Manager Salary

6 - 11 years exp. (11 salaries)

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₹8 L/yr - ₹22.5 L/yr

arrow icon 35% more
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IDBI Bank Branch Manager Salary

9 - 18 years exp. (6 salaries)

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₹12 L/yr - ₹32 L/yr

arrow icon 78% more
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Bank of Baroda Branch Manager Salary

9 - 13 years exp. (6 salaries)

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₹10 L/yr - ₹25 L/yr

arrow icon 32% 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 12% 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 8% 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

7mo ago
₹15 Lakhs
6 years exp.
8mo ago
₹13.8 Lakhs
9 years exp.
1y ago
₹18 Lakhs
12 years exp.
1y ago
₹10 Lakhs
8 years exp.

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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₹10.6 L/yr - ₹13.6 L/yr
7 years (AmbitionBox Estimate)

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₹11.3 L/yr - ₹14.4 L/yr
8 years (AmbitionBox Estimate)

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₹11.9 L/yr - ₹15.2 L/yr
9 years (AmbitionBox Estimate)

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₹12.5 L/yr - ₹16 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
(32 salaries)
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₹15 L/yr - ₹37 L/yr
Credit Manager Salary
(8 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.

read more
  • Job security - Excellent

Dislikes

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

  • Promotions - Poor
  • +2 more

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.

  • Job security - Excellent
  • +3 more

Dislikes

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

read more
  • Salary - Poor

Full Time

 · 

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.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

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

read more
  • Job security - Excellent

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
  • Skill development - Poor
  • +3 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
  • Job security - Excellent

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
  • Salary - Poor
  • +5 more
see more salary related reviews

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Bank of India Branch Manager Salary FAQs

What is the salary of Branch Manager at Bank of India in Mumbai?
The average salary of a Branch Manager at Bank of India in Mumbai typically ranges from ₹10.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Branch Manager in Mumbai at Bank of India earn more than ₹17.1 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Branch Manager Salaries at 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 8 Bank of India employees in India.
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 in Mumbai typically ranges from ₹95,192 to ₹97,758 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 6 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 8 salaries received from various employees of Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of India for Branch Manager in India?
Standard Chartered ₹18.0 Lakhs to ₹46.0 Lakhs per year
IDBI Bank ₹12.0 Lakhs to ₹32.0 Lakhs per year
State Bank of India ₹12.0 Lakhs to ₹37.0 Lakhs per year
Kotak Mahindra Bank ₹10.0 Lakhs to ₹30.0 Lakhs per year
Union Bank of India ₹8.0 Lakhs to ₹22.5 Lakhs per year

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

Bank of Baroda ₹10.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank ₹8.0 Lakhs to ₹27.8 Lakhs per year
Yes Bank ₹8.3 Lakhs to ₹26.0 Lakhs per year
IndusInd Bank ₹7.6 Lakhs to ₹25.0 Lakhs per year
Bank of Maharashtra ₹10.0 Lakhs to ₹16.0 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 Branch Manager at Bank of India in Mumbai?
The salary growth for a Branch Manager at Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Mumbai can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
6 years ₹10.6 Lakhs to ₹13.6 Lakhs per year
7 years ₹11.3 Lakhs to ₹14.4 Lakhs per year
8 years ₹11.9 Lakhs to ₹15.2 Lakhs per year
9 years ₹12.5 Lakhs to ₹16.0 Lakhs per year
and so on.

Tell us how to improve this page.

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.