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Bank of Maharashtra

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3.5

based on 321 Reviews

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Bank of Maharashtra Salaries in Mumbai (Updated 2025)

based on 150 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Human Resources Customer Success, Service & Operations + 3 more
Designation Avg Annual Salary Open Jobs

Assistant General Manager

10 - 13 years exp. · Mumbai (7 salaries)
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₹24 L/yr - ₹35 L/yr

HR Manager

5 - 10 years exp. · Mumbai (6 salaries)
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₹7 L/yr - ₹9.9 L/yr

Branch Manager

5 - 10 years exp. · Mumbai (6 salaries)
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₹10 L/yr - ₹16 L/yr

Chief Manager

10 - 14 years exp. · Mumbai (4 salaries)
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₹15 L/yr - ₹35 L/yr

Starting your career? Discover Bank of Maharashtra fresher salaries in India

Deputy Manager

1 - 8 years exp. · Mumbai (4 salaries)
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₹5.4 L/yr - ₹9.2 L/yr

Credit Officer

10 - 11 years exp. · Mumbai (3 salaries)
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₹14.1 L/yr - ₹20 L/yr

Retail Credit Manager

9 - 11 years exp. · Mumbai (3 salaries)
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₹12.6 L/yr - ₹16.1 L/yr

Chief Dealer

10 - 11 years exp. · Mumbai (3 salaries)
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₹22 L/yr - ₹35 L/yr

Executive Assistant

0 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr

Project Controller

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr

Senior Manager Treasury

8 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹16.4 L/yr - ₹21 L/yr

Deputy Manager HR

6 - 8 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Area Credit Manager

11 - 12 years exp. · Mumbai (AmbitionBox Estimate)
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₹23.9 L/yr - ₹30.5 L/yr

Credit Manager

8 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹14 L/yr - ₹15.6 L/yr

Zonal Business Manager

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹16.2 L/yr - ₹20.7 L/yr

Forex Officer

1 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr

Trainee

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Banking Assistant

0 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2 L/yr

Application Support Engineer

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

Senior Manager Credit

10 - 11 years exp. · Mumbai (AmbitionBox Estimate)
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₹15 L/yr - ₹18 L/yr

Last Updated: 24 Mar, 2025

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a manager - business analyst
Shifting from Bangalore to Hyderabad
I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts
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Salary related reviews for Bank of Maharashtra

3.5

Rated by 26 employees for salary & benefits

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.

read more
  • Salary - Good
    • +5 more

Dislikes

Pessimistic business approach.

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.

read more
  • Skill development - Poor
    • +4 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.

read more
  • 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.

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

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

read more
  • 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.

read more
  • Skill development - Bad
    • +3 more
see more salary related reviews

Bank of Maharashtra interview questions by designations

Manager (5)Branch Manager (1)Credit Officer (1)IT (Data Analytics) (1)
View all 14 interview experiences

Know more about Bank of Maharashtra Mumbai

More about working at Bank of Maharashtra

Bank of Maharashtra Salary FAQs

How much does Bank of Maharashtra pay to its employees?
The average annual salary at Bank of Maharashtra varies depending on the role, experience, and location. The salary ranges for some popular designations at Bank of Maharashtra, are as follows:

Assistant General Manager ₹24 Lakhs to ₹35 Lakhs per year
HR Manager ₹7 Lakhs to ₹9.9 Lakhs per year
Branch Manager ₹10 Lakhs to ₹16 Lakhs per year
Chief Manager ₹15 Lakhs to ₹35 Lakhs per year

The highest-paying role, Assistant General Manager, earns between ₹24 Lakhs to ₹42 Lakhs per year. The top 10% of employees earn more than ₹22.5 Lakhs per year, and the top 1% earn over ₹39.2 Lakhs per year. 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 salary estimates are based on data from 150 salaries submitted by Bank of Maharashtra employees. Bank of Maharashtra is rated 3.5 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Bank of Maharashtra in Mumbai?
The salary of a fresher at Bank of Maharashtra in Mumbai typically ranges from ₹0.5 Lakh to ₹7.8 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Probationary Officer Salary ₹0.5 Lakhs to ₹7.8 Lakhs per year
Fresher as a Finance Intern Salary ₹1.5 Lakhs to ₹2 Lakhs per year
Fresher as a Accountant Salary ₹3 Lakhs to ₹3.5 Lakhs per year
Fresher as a Manager II Salary ₹12.5 Lakhs to ₹18 Lakhs per year

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Average annual salary in Bank of Maharashtra , Mumbai is INRunlock blur . Salary estimates are based on 100+ Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.

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