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Bank of India Credit Manager salaries in India (Updated 2025)

Annual salary range
5 - 10 years exp.
₹7 Lakhs - ₹21 Lakhs
Salary of majority employees
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72% more than the average Credit Manager Salary in Banking Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Manager Salary
5 - 10 years exp. (33 salaries)
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₹7 L/yr - ₹18 L/yr

Finance & Accounting
Credit Manager Salary
5 - 10 years exp. (22 salaries)
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₹8 L/yr - ₹20 L/yr

Customer Success, Service & Operations
Credit Manager Salary
6 - 10 years exp. (4 salaries)
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₹8 L/yr - ₹10 L/yr

Data Science & Analytics
Credit Manager Salary
7 - 10 years exp. (4 salaries)
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₹8 L/yr - ₹20 L/yr

Risk Management & Compliance
Credit Manager Salary
5 - 9 years exp. (4 salaries)
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₹15 L/yr - ₹21 L/yr

Last Updated: 24 Feb 2025

Companies similar to Bank of India for Credit Manager

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

3 - 14 years exp. (47 salaries)

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₹10 L/yr - ₹32 L/yr

arrow icon 46% more
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ICICI Bank Credit Manager Salary

0 - 11 years exp. (3.2k salaries)

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₹4.3 L/yr - ₹18 L/yr

arrow icon 25% less
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HDFC Bank Credit Manager Salary

0 - 12 years exp. (2.7k salaries)

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₹3.5 L/yr - ₹14 L/yr

arrow icon 37% less
2 job openings
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Axis Bank Credit Manager Salary

0 - 12 years exp. (822 salaries)

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₹4 L/yr - ₹14.8 L/yr

arrow icon 35% less
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Kotak Mahindra Bank Credit Manager Salary

0 - 11 years exp. (1k salaries)

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₹3.8 L/yr - ₹15 L/yr

arrow icon 33% less
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Yes Bank Credit Manager Salary

0 - 12 years exp. (416 salaries)

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₹4.2 L/yr - ₹14.3 L/yr

arrow icon 34% less
1 job opening
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IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (817 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 42% less
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Punjab National Bank Credit Manager Salary

4 - 10 years exp. (46 salaries)

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₹8 L/yr - ₹22 L/yr

arrow icon 19% more
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Canara Bank Credit Manager Salary

7 - 12 years exp. (36 salaries)

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₹11.1 L/yr - ₹26 L/yr

arrow icon 41% more
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Bank of Baroda Credit Manager Salary

4 - 13 years exp. (209 salaries)

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₹7 L/yr - ₹24 L/yr

arrow icon 29% more
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AU Small Finance Bank Credit Manager Salary

0 - 11 years exp. (519 salaries)

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₹2.4 L/yr - ₹11 L/yr

arrow icon 55% less
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Bandhan Bank Credit Manager Salary

0 - 15 years exp. (303 salaries)

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₹2.6 L/yr - ₹10.8 L/yr

arrow icon 52% less
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IndusInd Bank Credit Manager Salary

2 - 12 years exp. (228 salaries)

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₹3.2 L/yr - ₹13 L/yr

arrow icon 42% less
1 job opening
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Jana Small Finance Bank Credit Manager Salary

2 - 12 years exp. (190 salaries)

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₹1.5 L/yr - ₹10 L/yr

arrow icon 56% less
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Equitas Small Finance Bank Credit Manager Salary

2 - 15 years exp. (175 salaries)

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₹2.2 L/yr - ₹9.7 L/yr

arrow icon 59% less
8 job openings
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Ujjivan Small Finance Bank Credit Manager Salary

0 - 10 years exp. (134 salaries)

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₹2.7 L/yr - ₹9.2 L/yr

arrow icon 60% less
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IDBI Bank Credit Manager Salary

2 - 17 years exp. (107 salaries)

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₹8.5 L/yr - ₹28.9 L/yr

arrow icon 42% more
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Federal Bank Credit Manager Salary

2 - 12 years exp. (87 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 16% more
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Barclays Credit Manager Salary

6 - 11 years exp. (67 salaries)

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₹8 L/yr - ₹27 L/yr

arrow icon 45% more
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Standard Chartered Credit Manager Salary

4 - 12 years exp. (53 salaries)

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₹7.1 L/yr - ₹22 L/yr

arrow icon 3% more
View all
Credit Manager salary at Bank of India ranges between ₹7 Lakhs to ₹21 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 81 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Credit Manager

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8 years exp.
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7 years exp.

Experience wise Bank of India Credit Manager salaries

Last Updated: 24 Feb 2025

Experience Avg Annual Salary
5 years  (11 salaries)

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₹8 L/yr - ₹18 L/yr
6 years  (13 salaries)

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₹9 L/yr - ₹18 L/yr
7 years  (16 salaries)

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₹7 L/yr - ₹16 L/yr
8 years  (21 salaries)

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₹8 L/yr - ₹20 L/yr
9 years  (15 salaries)

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₹8 L/yr - ₹21 L/yr
View all

Similar Designation salaries in Bank of India

Credit Officer Salary
(71 salaries)
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₹4.8 L/yr - ₹14 L/yr
Branch Manager Salary
(80 salaries)
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₹6.5 L/yr - ₹22 L/yr
Deputy Manager Salary
(4 salaries)
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₹3 L/yr - ₹16 L/yr
Chief Manager Salary
(161 salaries)
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₹11.44 L/yr - ₹39.24 L/yr
Credit Analyst Salary
(4 salaries)
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₹15 L/yr - ₹20 L/yr
Zonal Credit Manager Salary
(AmbitionBox Estimate)
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₹17.6 L/yr - ₹22.4 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
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₹9 L/yr - ₹10.5 L/yr
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₹3 L/yr - ₹9 L/yr
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₹6 L/yr - ₹8.9 L/yr

Salary related reviews for Bank of India

3.3

Rated by 13 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

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 26 May 2022

3.0
 for  Salary and Benefits

Likes

You want stability and job security than Public Sector Undertaking is good for you. But you think you want to grow and have something which separates you from general public than you should look for private entity.

read more
  • Job security - Excellent

Dislikes

...fference between highly knowledgeable and skilled employee and average employee. Both gets same salary and promotion eligibility remains same for both.

read more
  • Skill development - 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....

read more

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
see more salary related reviews

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Bank of India Credit Manager Salary FAQs

What is the salary of Credit Manager at Bank of India ?
The average salary of a Credit Manager at Bank of India in India typically ranges from ₹7.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Credit Manager at Bank of India earn more than ₹17.4 Lakhs per year, and the top 1% earn over ₹20.7 Lakhs per year. Credit 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 80+ Bank of India employees in India.
What is the estimated take home salary of a Credit Manager at Bank of India in India?
The estimated take-home salary of a Credit Manager at Bank of India in India typically ranges from ₹94,307 to ₹96,844 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 5 years to 10 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 80+ 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 Credit Manager in India?
State Bank of India ₹10.0 Lakhs to ₹32.0 Lakhs per year
Barclays ₹8.0 Lakhs to ₹27.0 Lakhs per year
IDBI Bank ₹8.5 Lakhs to ₹28.9 Lakhs per year
Canara Bank ₹11.1 Lakhs to ₹26.0 Lakhs per year
Bank of Baroda ₹7.0 Lakhs to ₹24.0 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 Credit Manager in companies similar to Bank of India in India?
The salary of a Credit Manager at companies similar to Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Deutsche Bank ₹7.8 Lakhs to ₹27.0 Lakhs per year
Punjab National Bank ₹8.0 Lakhs to ₹22.0 Lakhs per year
Union Bank of India ₹6.6 Lakhs to ₹20.0 Lakhs per year
Federal Bank ₹10.0 Lakhs to ₹20.0 Lakhs per year
Bank of Maharashtra ₹10.0 Lakhs to ₹20.0 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 Credit Manager at Bank of India in India?
The salary growth for a Credit Manager at Bank of India depends on factors such as experience, performance, and promotions. On average, a Credit Manager can expect the following growth trajectory at Bank of India:

Experience Average Salary Range
5 years ₹8.0 Lakhs to ₹18.0 Lakhs per year
6 years ₹9.0 Lakhs to ₹18.0 Lakhs per year
7 years ₹7.0 Lakhs to ₹16.0 Lakhs per year
8 years ₹8.0 Lakhs to ₹20.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of India Credit Manager salary in India ranges between ₹7 Lakhs to ₹21 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 81 Bank of India latest salaries received from various employees of Bank of India.