Bank of Maharashtra Branch Manager Scale 2 Salaries by 7 Employees (Updated 2025)

7 - 11 years exp.

₹10 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

Fixed (86%)

₹13.2 Lakhs

Variable (14%)

₹2.3 Lakhs

13% more than the average Branch Manager Scale 2 Salary in Banking Companies for 7 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Scale 2 Salary 7 - 10 years exp. (3 salaries)	₹12 L/yr - ₹19 L/yr
Finance & Accounting Branch Manager Scale 2 Salary 8 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹16 L/yr
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Administration & Facilities Branch Manager Scale 2 Salary 11 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr

Last Updated: 11 Feb 2025

Companies similar to Bank of Maharashtra for Branch Manager Scale 2

Company name	Avg Annual Salary	Open Jobs
Indian Overseas Bank Branch Manager Scale 2 Salary 7 - 11 years exp. (6 salaries)	₹9 L/yr - ₹14.1 L/yr 23% less
Bank of Baroda Branch Manager Scale 2 Salary 5 - 9 years exp. (6 salaries)	₹12 L/yr - ₹15 L/yr 15% less
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Bank of India Branch Manager Scale 2 Salary 8 - 11 years exp. (5 salaries)	₹11.5 L/yr - ₹18 L/yr 4% less
IndusInd Bank Branch Manager Scale 2 Salary 9 - 18 years exp. (4 salaries)	₹9.5 L/yr - ₹12 L/yr 30% less
Central Bank of India Branch Manager Scale 2 Salary 5 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹17 L/yr 23% less
AU Small Finance Bank Branch Manager Scale 2 Salary 4 - 11 years exp. (4 salaries)	₹3.7 L/yr - ₹10 L/yr 58% less
Indian Bank Branch Manager Scale 2 Salary 8 - 11 years exp. (4 salaries)	₹11 L/yr - ₹19 L/yr 4% less
Federal Bank Branch Manager Scale 2 Salary 5 - 7 years exp. (3 salaries)	₹11.7 L/yr - ₹15 L/yr 16% less

Branch Manager Scale 2 salary at Bank of Maharashtra ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Branch Manager Scale 2 salaries

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹16 L/yr
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9 years (AmbitionBox Estimate)	₹10 L/yr - ₹16 L/yr
10 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹19 L/yr
11 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹20 L/yr

Similar Designation salaries in Bank of Maharashtra

Branch Manager Salary

(76 salaries)

₹8 L/yr - ₹22 L/yr

Credit Manager Salary

(28 salaries)

₹10 L/yr - ₹20 L/yr

Branch Head Salary

(8 salaries)

₹12.25 L/yr - ₹20.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Chief Manager Salary

(60 salaries)

₹14 L/yr - ₹40 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Deputy Branch Manager Salary

(4 salaries)

₹6.5 L/yr - ₹10 L/yr

Operations Manager Salary

(3 salaries)

₹10 L/yr - ₹20 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

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.

Skill development - Poor

+4 more

Operations Manager in Pune

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.

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.

Skill development - Poor

+3 more

Senior Branch Manager in Mumbai

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.

Salary - Good

+5 more

Dislikes

Pessimistic business approach.

Manager in Patna

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.

Salary - Poor

+2 more

Assistant Manager in Pune

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.

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 Scale 2 Salary FAQs

What is the salary of Branch Manager Scale 2 at Bank of Maharashtra ?

The average salary of a Branch Manager Scale 2 at Bank of Maharashtra in India typically ranges from ₹10.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Branch Manager Scale 2 at Bank of Maharashtra earn more than ₹19.8 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Branch Manager Scale 2 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 7 Bank of Maharashtra employees in India.

What is the estimated take home salary of a Branch Manager Scale 2 at Bank of Maharashtra in India?

The estimated take-home salary of a Branch Manager Scale 2 at Bank of Maharashtra in India typically ranges from ₹1,06,196 to ₹1,09,117 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 7 years to 11 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 7 salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Branch Manager Scale 2 in companies similar to Bank of Maharashtra in India?

The salary of a Branch Manager Scale 2 at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of India	₹11.5 Lakhs to ₹18.0 Lakhs per year
Indian Bank	₹11.0 Lakhs to ₹19.0 Lakhs per year
Bank of Baroda	₹12.0 Lakhs to ₹15.0 Lakhs per year
Federal Bank	₹11.7 Lakhs to ₹15.0 Lakhs per year
Central Bank of India	₹4.2 Lakhs to ₹17.0 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 Scale 2 at Bank of Maharashtra in India?

The salary growth for a Branch Manager Scale 2 at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Branch Manager Scale 2 can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
7 years	₹4.8 Lakhs to ₹12.0 Lakhs per year
8 years	₹5.5 Lakhs to ₹16.0 Lakhs per year
9 years	₹10.0 Lakhs to ₹16.0 Lakhs per year
10 years	₹6.9 Lakhs to ₹19.0 Lakhs per year

and so on.

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Bank of Maharashtra Branch Manager Scale 2 Salaries

Bank of Maharashtra Branch Manager Scale 2 salary in India ranges between ₹10 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.