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

Annual salary range
9 - 13 years exp.
₹11 Lakhs - ₹30 Lakhs
Salary of majority employees
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Fixed (88%)
₹18.2 Lakhs
Variable (12%)
₹2.5 Lakhs
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5% less than the average Senior Manager Salary in Banking Companies for 9 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
9 - 13 years exp. (54 salaries)
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₹9.3 L/yr - ₹30 L/yr

Finance & Accounting
Senior Manager Salary
9 - 13 years exp. (18 salaries)
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₹11 L/yr - ₹25 L/yr

Risk Management & Compliance
Senior Manager Salary
9 - 12 years exp. (5 salaries)
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₹16 L/yr - ₹25 L/yr

Customer Success, Service & Operations
Senior Manager Salary
10 - 12 years exp. (4 salaries)
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₹12 L/yr - ₹23.5 L/yr

IT & Information Security
Senior Manager Salary
10 - 12 years exp. (4 salaries)
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₹21.5 L/yr - ₹28.5 L/yr

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Last Updated: 17 Mar 2025

Companies similar to Bank of India for Senior Manager

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

5 - 15 years exp. (71 salaries)

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₹8.9 L/yr - ₹35 L/yr

arrow icon 1% more
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ICICI Bank Senior Manager Salary

1 - 20 years exp. (1.8k salaries)

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₹8.5 L/yr - ₹28 L/yr

arrow icon 18% less
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HDFC Bank Senior Manager Salary

3 - 21 years exp. (6.2k salaries)

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₹8 L/yr - ₹24 L/yr

arrow icon 27% less
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Axis Bank Senior Manager Salary

2 - 21 years exp. (5.2k salaries)

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₹8 L/yr - ₹28.6 L/yr

arrow icon 22% less
2 job openings
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Kotak Mahindra Bank Senior Manager Salary

2 - 19 years exp. (3.5k salaries)

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₹6.5 L/yr - ₹19 L/yr

arrow icon 40% less
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Yes Bank Senior Manager Salary

2 - 18 years exp. (2.3k salaries)

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₹5.9 L/yr - ₹21.6 L/yr

arrow icon 40% less
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IDFC FIRST Bank Senior Manager Salary

2 - 18 years exp. (1.4k salaries)

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₹7 L/yr - ₹23 L/yr

arrow icon 30% less
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Punjab National Bank Senior Manager Salary

7 - 15 years exp. (213 salaries)

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₹8.9 L/yr - ₹32.7 L/yr

arrow icon 2% less
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Bank of Baroda Senior Manager Salary

8 - 16 years exp. (365 salaries)

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₹9.6 L/yr - ₹37 L/yr

arrow icon 3% more
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Canara Bank Senior Manager Salary

8 - 15 years exp. (368 salaries)

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₹11 L/yr - ₹30 L/yr

arrow icon 3% more
View all
Senior Manager salary at Bank of India ranges between ₹11 Lakhs to ₹30 Lakhs per year for employees with experience between 9 years to 13 years. Salary estimates are based on 130 latest salaries received from various employees of Bank of India.

Latest annual salaries shared by Bank of India Senior Manager

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10 years exp.
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10 years exp.
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11 years exp.
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11 years exp.
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10 years exp.
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13 years exp.
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11 years exp.
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12 years exp.

Experience wise Bank of India Senior Manager salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
9 years  (21 salaries)

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₹10.9 L/yr - ₹24 L/yr
10 years  (42 salaries)

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₹11 L/yr - ₹25 L/yr
11 years  (26 salaries)

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₹11 L/yr - ₹25 L/yr
12 years  (30 salaries)

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₹10 L/yr - ₹30 L/yr
13 years  (11 salaries)

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₹11 L/yr - ₹24 L/yr
Bank of India Senior Manager Salary and Career Growth

From

To

Senior Manager

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9 - 13 years exp.

Assistant General Manager

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19 - 31 years exp.

Senior Manager 9 - 13 years exp.
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Chief Manager 10 - 19 years exp.
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arrow icon 29% hike
    Assistant General Manager 19 - 31 years exp.
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    arrow icon 9% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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    ₹8.8 L/yr - ₹11.3 L/yr
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    ₹0.2 L/yr - ₹0.2 L/yr
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    Salary related reviews for Bank of India

    3.2

    Rated by 40 employees for salary & benefits

    Branch Manager, Credit/Recovery incharge/Credit Monitoring(Branch/Contr... Department

    5.0
      •  posted on 08 Aug 2017

    3.0
     for  Salary and Benefits

    Likes

    Work culture, atmosphere, fellow feeling, customer service, promotion policy, etc.

    • Skill development - Good
    • +4 more

    Dislikes

    Pay structure is deteriorating day by day due to Government policy. handling government's job without any income by the Bank, tremendous work pressure(now it has improved with great extent)

    read more

    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

    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

    Full Time

     · 

    Customer Success, Service & Operations Department

    2.0
      •  posted on 22 Aug 2022

    3.0
     for  Salary and Benefits

    Likes

    Only job security

    • Job security - Excellent
    • +1 more

    Dislikes

    ...f you don't have any jack then you will be getting transfers every now and then. "Jo kam karta he usko aur jo kam bilkul nahi karta" salary sab ko equal he.. shayad jo kam thik se nai karta usko pareshan nahi karenge because wo kuch karega nahi

    read more
    • Work satisfaction - Poor
    • +2 more
    see more salary related reviews

    Discover interview dos and don'ts from real experiences

    Bank of India Senior Manager Salary FAQs

    What is the salary of Senior Manager at Bank of India ?
    The average salary of a Senior Manager at Bank of India in India typically ranges from ₹11.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 9 years to 13 years).

    The top 10% of Senior Manager at Bank of India earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹28.8 Lakhs per year. Senior 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 100+ Bank of India employees in India.
    What is the estimated take home salary of a Senior Manager at Bank of India in India?
    The estimated take-home salary of a Senior Manager at Bank of India in India typically ranges from ₹1,35,711 to ₹1,40,710 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 9 years to 13 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 100+ 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 Senior Manager in India?
    Bank of America ₹17.0 Lakhs to ₹47.4 Lakhs per year
    Standard Chartered ₹13.3 Lakhs to ₹46.1 Lakhs per year
    Reserve Bank of India ₹25.0 Lakhs to ₹35.0 Lakhs per year
    Federal Bank ₹10.0 Lakhs to ₹30.0 Lakhs per year
    HSBC Global Banking and Markets ₹17.0 Lakhs to ₹31.6 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 Senior Manager in companies similar to Bank of India in India?
    The salary of a Senior 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:

    Indian Bank ₹10.0 Lakhs to ₹30.0 Lakhs per year
    Canara Bank ₹11.0 Lakhs to ₹30.0 Lakhs per year
    Bank of Baroda ₹9.6 Lakhs to ₹37.0 Lakhs per year
    Bank of Maharashtra ₹11.6 Lakhs to ₹30.0 Lakhs per year
    State Bank of India ₹8.9 Lakhs to ₹35.0 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 Senior Manager at Bank of India in India?
    The salary growth for a Senior Manager at Bank of India depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at Bank of India:

    Experience Average Salary Range
    9 years ₹10.9 Lakhs to ₹24.0 Lakhs per year
    10 years ₹11.0 Lakhs to ₹25.0 Lakhs per year
    11 years ₹11.0 Lakhs to ₹25.0 Lakhs per year
    12 years ₹10.0 Lakhs to ₹30.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Bank of India Senior Manager salary in India ranges between ₹11 Lakhs to ₹30 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 130 Bank of India latest salaries received from various employees of Bank of India.