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Bank of Maharashtra

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3.5

based on 324 Reviews

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Bank of Maharashtra Salaries in Mumbai (Updated 2025)

based on 149 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

Officer

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr

Concurrent Auditor

9 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Quality Engineer

Fresher · Mumbai (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr

Manager

5 - 13 years exp. · Mumbai (24 salaries)
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₹10 L/yr - ₹19 L/yr

Senior Manager

8 - 13 years exp. · Mumbai (16 salaries)
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₹10 L/yr - ₹28 L/yr

Banker

0 - 1 year exp. · Mumbai (AmbitionBox Estimate)
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₹1 L/yr - ₹4 L/yr

Heavy BUS Driver

19 years exp. · Mumbai (AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

Last Updated: 24 Mar, 2025

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2w (edited)
peacemaker
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Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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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)IT (Data Analytics) (1)Head of Product (1)Offce Assistant (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:

Officer ₹3.8 Lakhs to ₹4.8 Lakhs per year
Concurrent Auditor ₹2.7 Lakhs to ₹3.5 Lakhs per year
Quality Engineer ₹0.9 Lakhs to ₹1.2 Lakhs per year
Manager ₹10 Lakhs to ₹19 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 ₹22.7 Lakhs per year, and the top 1% earn over ₹40 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 149 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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