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Bank of Maharashtra Branch Manager salaries in India (Updated 2025)

Annual salary range
5 - 12 years exp.
₹8 Lakhs - ₹22 Lakhs
Salary of majority employees
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69% more than the average Branch Manager Salary in Banking Companies for 5 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
5 - 12 years exp. (39 salaries)
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₹9 L/yr - ₹22 L/yr

Finance & Accounting
Branch Manager Salary
5 - 11 years exp. (10 salaries)
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₹9 L/yr - ₹22 L/yr

Customer Success, Service & Operations
Branch Manager Salary
7 - 10 years exp. (5 salaries)
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₹11 L/yr - ₹20 L/yr

Last Updated: 17 Mar 2025

Companies similar to Bank of Maharashtra for Branch Manager

Company name Avg Annual Salary Open Jobs
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IndusInd Bank Branch Manager Salary

6 - 20 years exp. (1.3k salaries)

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₹6 L/yr - ₹23.7 L/yr

arrow icon 13% less
108 job openings
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Yes Bank Branch Manager Salary

7 - 19 years exp. (643 salaries)

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₹6 L/yr - ₹23.5 L/yr

arrow icon 6% less
3 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (633 salaries)

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₹6.3 L/yr - ₹26.3 L/yr

arrow icon 1% less
4 job openings
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AU Small Finance Bank Branch Manager Salary

3 - 18 years exp. (438 salaries)

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₹5.3 L/yr - ₹17.5 L/yr

arrow icon 30% less
1 job opening
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Ujjivan Small Finance Bank Branch Manager Salary

7 - 17 years exp. (310 salaries)

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₹4.4 L/yr - ₹14.5 L/yr

arrow icon 41% less
2 job openings
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Equitas Small Finance Bank Branch Manager Salary

5 - 16 years exp. (251 salaries)

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₹3.6 L/yr - ₹14.5 L/yr

arrow icon 47% less
28 job openings
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Jana Small Finance Bank Branch Manager Salary

5 - 16 years exp. (217 salaries)

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₹3.8 L/yr - ₹14 L/yr

arrow icon 43% less
1 job opening
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DBS Bank Branch Manager Salary

7 - 18 years exp. (179 salaries)

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₹5.5 L/yr - ₹20 L/yr

arrow icon 18% less
1 job opening
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Bank of India Branch Manager Salary

5 - 12 years exp. (80 salaries)

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₹6.5 L/yr - ₹22 L/yr

arrow icon 14% less
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Indian Bank Branch Manager Salary

6 - 12 years exp. (80 salaries)

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₹6 L/yr - ₹21.9 L/yr

arrow icon 12% less
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Bank of Baroda Branch Manager Salary

9 - 15 years exp. (67 salaries)

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₹8 L/yr - ₹25 L/yr

arrow icon 15% more
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IDBI Bank Branch Manager Salary

9 - 16 years exp. (60 salaries)

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₹10 L/yr - ₹30 L/yr

arrow icon 20% more
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Federal Bank Branch Manager Salary

5 - 12 years exp. (47 salaries)

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₹8.2 L/yr - ₹22 L/yr

arrow icon 12% less
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Standard Chartered Branch Manager Salary

11 - 17 years exp. (47 salaries)

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₹15 L/yr - ₹45.9 L/yr

arrow icon 73% more
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Central Bank of India Branch Manager Salary

5 - 12 years exp. (44 salaries)

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₹5 L/yr - ₹16 L/yr

arrow icon 22% less
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Indian Overseas Bank Branch Manager Salary

8 - 11 years exp. (34 salaries)

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₹8 L/yr - ₹20 L/yr

arrow icon 1% less
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UCO Bank Branch Manager Salary

3 - 12 years exp. (18 salaries)

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₹6 L/yr - ₹18.5 L/yr

arrow icon 23% less
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Corporation Bank Branch Manager Salary

3 - 21 years exp. (11 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 52% less
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Barclays Branch Manager Salary

4 - 19 years exp. (7 salaries)

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₹4.6 L/yr - ₹13 L/yr

arrow icon 43% less
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J&K Bank Branch Manager Salary

10 - 14 years exp. (7 salaries)

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₹11 L/yr - ₹20 L/yr

arrow icon 8% less
View all
Branch Manager salary at Bank of Maharashtra ranges between ₹8 Lakhs to ₹22 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 76 latest salaries received from various employees of Bank of Maharashtra.

Latest annual salaries shared by Bank of Maharashtra Branch Manager

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7 years exp.
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11 years exp.
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5 years exp.
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8 years exp.
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7 years exp.
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10 years exp.
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9 years exp.
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11 years exp.
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7 years exp.
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7 years exp.

Experience wise Bank of Maharashtra Branch Manager salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
5 years  (14 salaries)

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₹8 L/yr - ₹15 L/yr
6 years  (7 salaries)

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₹9 L/yr - ₹16 L/yr
7 years  (17 salaries)

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₹8 L/yr - ₹20 L/yr
8 years  (12 salaries)

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₹9 L/yr - ₹20 L/yr
9 years  (7 salaries)

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₹15 L/yr - ₹20 L/yr
View all

Similar Designation salaries in Bank of Maharashtra

Credit Manager Salary
(28 salaries)
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₹10 L/yr - ₹20 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹1 L/yr - ₹1.3 L/yr
Branch Head Salary
(8 salaries)
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₹12.25 L/yr - ₹20.5 L/yr
Deputy Manager Salary
(78 salaries)
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₹5 L/yr - ₹12 L/yr
Chief Manager Salary
(60 salaries)
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₹14 L/yr - ₹40 L/yr
Senior Branch Manager Salary
(AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.4 L/yr
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₹6.5 L/yr - ₹10 L/yr
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₹10 L/yr - ₹20 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
Relationship Manager Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr

Salary related reviews for Bank of Maharashtra

3.4

Rated by 25 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 Aug 2024

4.0
 for  Salary and Benefits

Likes

Salary credited on time nothing else

  • Salary - Good
  • +1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

read more
  • Skill development - Poor
  • +4 more

Operations Department

1.0
  •  posted on 09 Dec 2021

3.0
 for  Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

read more
  • Job security - Good
  • +1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

read more
  • Skill development - Poor
  • +3 more

BFSI, Investments & Trading Department

4.0
  •  posted on 02 Aug 2018

4.0
 for  Salary and Benefits

Likes

...opportunity for promotion and carrier growth. Good work culture and environment. Better salary structure in the banking sector.

read more
  • Salary - Good
  • +5 more

Dislikes

Pessimistic business approach.

Full Time

 · 

Credit monitoring Dept. Department

3.0
  •  posted on 20 Aug 2021

2.0
 for  Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

  • Job security - Good
  • +2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

read more
  • Salary - Poor
  • +2 more

Full Time

 · 

Other Department

2.0
  •  posted on 05 Mar 2018

1.0
 for  Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

read more
  • Job security - Good
  • +1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

  • Salary - Bad
  • +4 more
see more salary related reviews

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Bank of Maharashtra Branch Manager Salary FAQs

What is the salary of Branch Manager at Bank of Maharashtra ?
The average salary of a Branch Manager at Bank of Maharashtra in India typically ranges from ₹8.0 Lakhs to ₹22.0 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Branch Manager at Bank of Maharashtra earn more than ₹19.8 Lakhs per year, and the top 1% earn over ₹22.0 Lakhs per year. Branch Manager Salaries at Bank of Maharashtra 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 70+ Bank of Maharashtra employees in India.
What is the estimated take home salary of a Branch Manager at Bank of Maharashtra in India?
The estimated take-home salary of a Branch Manager at Bank of Maharashtra in India typically ranges from ₹1,06,780 to ₹1,09,720 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹22.0 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 70+ salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of Maharashtra for Branch Manager in India?
Reserve Bank of India ₹25.0 Lakhs to ₹37.0 Lakhs per year
Standard Chartered ₹15.0 Lakhs to ₹45.9 Lakhs per year
IDBI Bank ₹10.0 Lakhs to ₹30.0 Lakhs per year
Bank of Baroda ₹8.0 Lakhs to ₹25.0 Lakhs per year

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

Deutsche Bank ₹12.5 Lakhs to ₹20.0 Lakhs per year
IDFC FIRST Bank ₹6.3 Lakhs to ₹26.3 Lakhs per year
Indian Overseas Bank ₹8.0 Lakhs to ₹20.0 Lakhs per year
Yes Bank ₹6.0 Lakhs to ₹23.5 Lakhs per year
J&K Bank ₹11.0 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 Branch Manager at Bank of Maharashtra in India?
The salary growth for a Branch Manager at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Bank of Maharashtra:

Experience Average Salary Range
5 years ₹8.0 Lakhs to ₹15.0 Lakhs per year
6 years ₹9.0 Lakhs to ₹16.0 Lakhs per year
7 years ₹8.0 Lakhs to ₹20.0 Lakhs per year
8 years ₹9.0 Lakhs to ₹20.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of Maharashtra Branch Manager salary in India ranges between ₹8 Lakhs to ₹22 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 76 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.