Bank of Maharashtra Deputy Manager Scale 1 Salaries by 6 Employees (Updated 2024)

0 - 6 years exp.

₹8 Lakhs - ₹9.6 Lakhs

Low Confidence

Salary of majority employees

74% 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

Engineering - Hardware & Networks Deputy Manager Scale 1 Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹9.8 L/yr
Customer Success, Service & Operations Deputy Manager Scale 1 Salary 2 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.6 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: 7 May 2024

Companies similar to Bank of Maharashtra for Deputy Manager Scale 1

Company name	Avg Annual Salary	Open Jobs
State Bank of India Deputy Manager Scale 1 Salary 1 - 5 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 14% more
ICICI Bank Deputy Manager Scale 1 Salary 0 - 6 years exp. (45 salaries)	₹3.4 L/yr - ₹5.5 L/yr 46% less
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HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 39% less
Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 52% less
Kotak Mahindra Bank Deputy Manager Scale 1 Salary 1 - 5 years exp. (4 salaries)	₹3.3 L/yr - ₹5.5 L/yr 49% less
IndusInd Bank Deputy Manager Scale 1 Salary 3 - 5 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 60% less
IDFC FIRST Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr 44% less

Deputy Manager Scale 1 salary at Bank of Maharashtra ranges between ₹8 Lakhs to ₹9.6 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Deputy Manager Scale 1 salaries

Last Updated: 7 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹15.3 L/yr
1 year (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
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2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.6 L/yr
3 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹15.8 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.9 L/yr
5 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹16.1 L/yr
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.3 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

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.

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.

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.

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.

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.

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.

Dislikes

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

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

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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?

Deputy Manager Scale 1 salary at Bank of Maharashtra in India ranges between ₹8.0 Lakhs to ₹9.6 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 74% more than the average Deputy Manager Scale 1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Bank of Maharashtra India.

How does the salary of a Deputy Manager Scale 1 at Bank of Maharashtra India compare with the average salary range for this job?

The average salary of a Deputy Manager Scale 1 at Bank of Maharashtra is 74% more than the average salary of a Deputy Manager Scale 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of Maharashtra to a Deputy Manager Scale 1 in India?

State Bank of India Deputy Manager Scale 1 Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Deputy Manager Scale 1 in companies similar to Bank of Maharashtra in India?

HDFC Bank Deputy Manager Scale 1 Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank Deputy Manager Scale 1 Salary - ₹3.2 Lakhs to ₹6.4 Lakhs per year
ICICI Bank Deputy Manager Scale 1 Salary - ₹3.4 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindra Bank Deputy Manager Scale 1 Salary - ₹3.3 Lakhs to ₹5.5 Lakhs per year
Axis Bank Deputy Manager Scale 1 Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year

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 ranges between ₹64,067 per month to ₹65,698 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Deputy Manager Scale 1 salary in India which ranges between ₹8.0 Lakhs to ₹9.6 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Scale 1 at Bank of Maharashtra?

According to AmbitionBox, 40% of the Bank of Maharashtra Deputy Manager Scale 1s reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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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 ₹9.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.