Bank of Maharashtra Deputy Manager Scale 1 Salaries by 7 Employees (Updated 2025)

0 - 6 years exp.

₹8 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

71% more than the average Deputy Manager Scale 1 Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Scale 1 Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹9.6 L/yr - ₹10 L/yr
Engineering - Hardware & Networks Deputy Manager Scale 1 Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹9.8 L/yr
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Finance & Accounting Deputy Manager Scale 1 Salary 6 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr

Last Updated: 8 Feb 2025

Companies similar to Bank of Maharashtra for Deputy Manager Scale 1

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Deputy Manager Scale 1 Salary 3 - 6 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 61% less
IDFC FIRST Bank Deputy Manager Scale 1 Salary 1 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr 45% less
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ICICI Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (44 salaries)	₹3.4 L/yr - ₹5.8 L/yr 47% less
Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 53% less
HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 40% less

Deputy Manager Scale 1 salary at Bank of Maharashtra ranges between ₹8 Lakhs to ₹10 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Deputy Manager Scale 1 salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹15.8 L/yr
1 year (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
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2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.6 L/yr
3 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹16.2 L/yr
5 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹16.3 L/yr
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.5 L/yr

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Salary related reviews for Bank of Maharashtra

3.0

Rated by 1 employees for salary & benefits

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

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

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

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Bank of Maharashtra Deputy Manager Scale 1 Salary FAQs

What is the salary of Deputy Manager Scale 1 at Bank of Maharashtra ?

The average salary of a Deputy Manager Scale 1 at Bank of Maharashtra in India typically ranges from ₹8.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Deputy Manager Scale 1 at Bank of Maharashtra earn more than ₹9.9 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Deputy Manager Scale 1 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 Deputy Manager Scale 1 at Bank of Maharashtra in India?

The estimated take-home salary of a Deputy Manager Scale 1 at Bank of Maharashtra in India typically ranges from ₹65,318 to ₹66,985 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 Deputy Manager Scale 1 in companies similar to Bank of Maharashtra in India?

The salary of a Deputy Manager Scale 1 at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank	₹3.2 Lakhs to ₹6.4 Lakhs per year
ICICI Bank	₹3.4 Lakhs to ₹5.8 Lakhs per year
Axis Bank	₹3.3 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹2.9 Lakhs to ₹4.0 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 Deputy Manager Scale 1 at Bank of Maharashtra in India?

The salary growth for a Deputy Manager Scale 1 at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Scale 1 can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
Fresher	₹8.0 Lakhs to ₹15.8 Lakhs per year
1 year	₹8.0 Lakhs to ₹10.2 Lakhs per year
2 years	₹3.6 Lakhs to ₹9.6 Lakhs per year
3 years	₹8.5 Lakhs to ₹10.0 Lakhs per year

and so on.

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Bank of Maharashtra Deputy Manager Scale 1 Salaries

Bank of Maharashtra Deputy Manager Scale 1 salary in India ranges between ₹8 Lakhs to ₹10 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.