Bank of Maharashtra Senior Manager Salaries by 100+ Employees (Updated 2025)

8 - 14 years exp.

₹11.6 Lakhs - ₹30 Lakhs

Salary of majority employees

At par with the average Senior Manager Salary in Banking Companies for 8 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 8 - 14 years exp. (52 salaries)	₹10 L/yr - ₹28 L/yr
Finance & Accounting Senior Manager Salary 8 - 13 years exp. (23 salaries)	₹13 L/yr - ₹27 L/yr
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IT & Information Security Senior Manager Salary 8 - 13 years exp. (7 salaries)	₹16 L/yr - ₹30 L/yr
Customer Success, Service & Operations Senior Manager Salary 8 - 11 years exp. (5 salaries)	₹12.4 L/yr - ₹21 L/yr
Risk Management & Compliance Senior Manager Salary 9 - 10 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr

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Last Updated: 28 Feb 2025

Companies similar to Bank of Maharashtra for Senior Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Senior Manager Salary 5 - 15 years exp. (72 salaries)	₹8.9 L/yr - ₹35 L/yr At par
ICICI Bank Senior Manager Salary 1 - 19 years exp. (1.6k salaries)	₹8.5 L/yr - ₹28.9 L/yr 17% less
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HDFC Bank Senior Manager Salary 4 - 21 years exp. (6.1k salaries)	₹8 L/yr - ₹24 L/yr 27% less
Axis Bank Senior Manager Salary 2 - 21 years exp. (5.2k salaries)	₹8 L/yr - ₹28 L/yr 22% less	2 job openings
Punjab National Bank Senior Manager Salary 7 - 15 years exp. (220 salaries)	₹8.6 L/yr - ₹35 L/yr 2% less
Kotak Mahindra Bank Senior Manager Salary 1 - 19 years exp. (3.5k salaries)	₹5.3 L/yr - ₹19.1 L/yr 39% less
Yes Bank Senior Manager Salary 2 - 18 years exp. (2.4k salaries)	₹6.3 L/yr - ₹22.3 L/yr 40% less
IDBI Bank Senior Manager Salary 6 - 14 years exp. (5 salaries)	₹10.1 L/yr - ₹22 L/yr 22% less
Canara Bank Senior Manager Salary 8 - 14 years exp. (358 salaries)	₹11 L/yr - ₹30 L/yr 3% more
Union Bank of India Senior Manager Salary 8 - 15 years exp. (236 salaries)	₹9 L/yr - ₹32 L/yr 1% less

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Senior Manager salary at Bank of Maharashtra ranges between ₹11.6 Lakhs to ₹30 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 130 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Senior Manager salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
8 years (20 salaries)	₹8 L/yr - ₹25.5 L/yr
9 years (24 salaries)	₹10 L/yr - ₹30 L/yr
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10 years (34 salaries)	₹11.5 L/yr - ₹27 L/yr
11 years (24 salaries)	₹12 L/yr - ₹27 L/yr
12 years (19 salaries)	₹15 L/yr - ₹25 L/yr
13 years (6 salaries)	₹15 L/yr - ₹30 L/yr
14 years (3 salaries)	₹8.7 L/yr - ₹24.7 L/yr

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From

Senior Manager

8 - 14 years exp.

Chief Manager

₹

Lakhs/yr

9 - 15 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bank of Maharashtra

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Branch Manager Salary

(77 salaries)

₹8 L/yr - ₹22 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Bank of Maharashtra

3.9

Rated by 20 employees for salary & benefits

Senior Manager in Pune

BFSI, Investments & Trading Department

4.0

• posted on 02 Dec 2019

5.0

for Salary and Benefits

Likes

...nk is confined to Maharashtra however Bank is rapidly expanding to other states. The salary & other perks are very good as compared to other Bank. The work life balance is very poor & it needs to be improved.

Salary - Excellent

+5 more

Dislikes

The work life is very poor & there is much scope for improvement

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

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bank of Maharashtra Senior Manager Salary FAQs

What is the salary of Senior Manager at Bank of Maharashtra?

Senior Manager salary at Bank of Maharashtra in India ranges between ₹11.6 Lakhs to ₹30.0 Lakhs for experience between 8 years to 14 years. According to our estimates it is 4% less than the average Senior Manager Salary in India. Salary estimates are based on 130 latest salaries received from various employees of Bank of Maharashtra India.

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

The average salary of a Senior Manager at Bank of Maharashtra is 4% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

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

Bank of America Senior Manager Salary - ₹17.0 Lakhs to ₹46.1 Lakhs per year
Standard Chartered Senior Manager Salary - ₹13.4 Lakhs to ₹46.1 Lakhs per year
Federal Bank Senior Manager Salary - ₹9.6 Lakhs to ₹30.0 Lakhs per year
Bank of Baroda Senior Manager Salary - ₹9.5 Lakhs to ₹37.0 Lakhs per year
Canara Bank Senior Manager Salary - ₹11.0 Lakhs to ₹30.0 Lakhs per year

What is the salary of a Senior Manager in companies similar to Bank of Maharashtra in India?

State Bank of India Senior Manager Salary - ₹8.9 Lakhs to ₹35.0 Lakhs per year
NatWest Group Senior Manager Salary - ₹8.9 Lakhs to ₹33.0 Lakhs per year
Union Bank of India Senior Manager Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
UCO Bank Senior Manager Salary - ₹9.3 Lakhs to ₹28.0 Lakhs per year
Punjab National Bank Senior Manager Salary - ₹8.6 Lakhs to ₹35.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager at Bank of Maharashtra ranges between ₹1,35,496 per month to ₹1,40,486 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Senior Manager salary in India which ranges between ₹11.6 Lakhs to ₹30.0 Lakhs per year for employees with experience between 8 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at Bank of Maharashtra?

According to AmbitionBox, 75% of the Bank of Maharashtra Senior Managers reported a notice period of 3 Months, 10% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 102 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Senior Manager Salaries

Bank of Maharashtra Senior Manager salary in India ranges between ₹11.6 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 130 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.

Bank of Maharashtra Senior Manager salaries in India (Updated 2025)

Companies similar to Bank of Maharashtra for Senior Manager

Latest annual salaries shared by Bank of Maharashtra Senior Manager

Experience wise Bank of Maharashtra Senior Manager salaries

Similar Designation salaries in Bank of Maharashtra

Salary related reviews for Bank of Maharashtra

Senior Manager in Pune

Branch Manager in Pune

Manager in Patna

Assistant Manager in Pune

Manager in Gujarat

Bank of Maharashtra Senior Manager Salary FAQs

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Bank of Maharashtra Senior Manager Salaries by Location