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

Annual salary range
6 - 14 years exp.
₹13 Lakhs - ₹24 Lakhs
Salary of majority employees
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27% more than the average Senior Manager Credit Salary in Banking Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Credit Salary
6 - 13 years exp. (7 salaries)
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₹13 L/yr - ₹19 L/yr

Finance & Accounting
Senior Manager Credit Salary
10 - 14 years exp. (7 salaries)
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₹15 L/yr - ₹18.5 L/yr

Last Updated: 1 Feb 2025

Companies similar to Bank of Maharashtra for Senior Manager Credit

Company name Avg Annual Salary Open Jobs
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Yes Bank Senior Manager Credit Salary

4 - 13 years exp. (186 salaries)

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₹7.8 L/yr - ₹17 L/yr

arrow icon 26% less
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IDFC FIRST Bank Senior Manager Credit Salary

2 - 12 years exp. (81 salaries)

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₹6.3 L/yr - ₹16 L/yr

arrow icon 37% less
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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 45% less
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Bank of Baroda Senior Manager Credit Salary

8 - 13 years exp. (47 salaries)

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₹12 L/yr - ₹28 L/yr

arrow icon 19% more
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₹3.1 L/yr - ₹12 L/yr

arrow icon 61% less
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Bank of India Senior Manager Credit Salary

8 - 12 years exp. (28 salaries)

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₹11 L/yr - ₹25 L/yr

arrow icon 6% more
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Standard Chartered Senior Manager Credit Salary

4 - 12 years exp. (21 salaries)

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₹10.4 L/yr - ₹33.4 L/yr

arrow icon 26% more
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IndusInd Bank Senior Manager Credit Salary

3 - 12 years exp. (20 salaries)

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₹8 L/yr - ₹23.5 L/yr

arrow icon 23% less
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Indian Bank Senior Manager Credit Salary

5 - 13 years exp. (19 salaries)

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₹14.2 L/yr - ₹21.5 L/yr

arrow icon 5% more
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Federal Bank Senior Manager Credit Salary

3 - 14 years exp. (14 salaries)

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₹14 L/yr - ₹22 L/yr

arrow icon 12% more
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₹14.5 L/yr - ₹22 L/yr

arrow icon 4% more
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IDBI Bank Senior Manager Credit Salary

6 - 12 years exp. (5 salaries)

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₹14 L/yr - ₹18 L/yr

arrow icon 7% less
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₹17 L/yr - ₹21 L/yr

arrow icon 9% more
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Corporation Bank Senior Manager Credit Salary

10 - 17 years exp. (5 salaries)

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₹11 L/yr - ₹30.8 L/yr

arrow icon 11% more
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Allahabad Bank Senior Manager Credit Salary

7 - 9 years exp. (4 salaries)

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₹15.3 L/yr - ₹16.5 L/yr

arrow icon 10% less
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₹7.3 L/yr - ₹11.3 L/yr

arrow icon 38% less
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Deutsche Bank Senior Manager Credit Salary

9 - 15 years exp. (4 salaries)

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₹16.9 L/yr - ₹21.6 L/yr

arrow icon 8% more
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UCO Bank Senior Manager Credit Salary

10 - 13 years exp. (4 salaries)

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₹12 L/yr - ₹27 L/yr

At par
Senior Manager Credit salary at Bank of Maharashtra ranges between ₹13 Lakhs to ₹24 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 18 latest salaries received from various employees of Bank of Maharashtra.

Latest annual salaries shared by Bank of Maharashtra Senior Manager Credit

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13 years exp.
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14 years exp.
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13 years exp.
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13 years exp.
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10 years exp.
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13 years exp.
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6 years exp.

Experience wise Bank of Maharashtra Senior Manager Credit salaries

Last Updated: 1 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹7 L/yr - ₹18 L/yr
7 years (AmbitionBox Estimate)

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₹7 L/yr - ₹19 L/yr
8 years (AmbitionBox Estimate)

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₹13 L/yr - ₹31.4 L/yr
9 years (AmbitionBox Estimate)

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₹7 L/yr - ₹19 L/yr
10 years  (4 salaries)

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₹16.5 L/yr - ₹19 L/yr
View all
Bank of Maharashtra Senior Manager Credit Salary and Career Growth

From

To

Senior Manager Credit

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6 - 14 years exp.

Chief Manager

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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

Credit Manager Salary
(28 salaries)
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₹10 L/yr - ₹20 L/yr
Deputy Manager Salary
(78 salaries)
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₹5 L/yr - ₹12 L/yr
Chief Manager Salary
(60 salaries)
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₹14 L/yr - ₹40 L/yr
Branch Manager Salary
(76 salaries)
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₹8 L/yr - ₹22 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹15.3 L/yr - ₹19.5 L/yr
Senior Credit Officer Salary
(AmbitionBox Estimate)
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₹19.8 L/yr - ₹25.3 L/yr
Credit Analyst Salary
(7 salaries)
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₹13 L/yr - ₹19 L/yr
Area Credit Manager Salary
(AmbitionBox Estimate)
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₹23.9 L/yr - ₹30.5 L/yr
Relationship Manager Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Credit Officer Salary
(11 salaries)
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₹8 L/yr - ₹20 L/yr

Salary related reviews for Bank of Maharashtra

4.0

Rated by 4 employees for salary & benefits

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

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

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

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

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.

read more
  • 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.

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

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Bank of Maharashtra Senior Manager Credit Salary FAQs

What is the salary of Senior Manager Credit at Bank of Maharashtra ?
The average salary of a Senior Manager Credit at Bank of Maharashtra in India typically ranges from ₹13.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Senior Manager Credit at Bank of Maharashtra earn more than ₹19.0 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Senior Manager Credit 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 10+ Bank of Maharashtra employees in India.
What is the estimated take home salary of a Senior Manager Credit at Bank of Maharashtra in India?
The estimated take-home salary of a Senior Manager Credit at Bank of Maharashtra in India typically ranges from ₹1,17,580 to ₹1,20,870 per month. This is based on the average salary range of ₹13.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 6 years to 14 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 10+ salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of Maharashtra for Senior Manager Credit in India?
Standard Chartered ₹10.4 Lakhs to ₹33.4 Lakhs per year
Bank of Baroda ₹12.0 Lakhs to ₹28.0 Lakhs per year
Federal Bank ₹14.0 Lakhs to ₹22.0 Lakhs per year
Corporation Bank ₹11.0 Lakhs to ₹30.8 Lakhs per year
Indian Overseas Bank ₹17.0 Lakhs to ₹21.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of Maharashtra, depending on the role and experience level.
What is the salary of a Senior Manager Credit in companies similar to Bank of Maharashtra in India?
The salary of a Senior Manager Credit at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Deutsche Bank ₹16.9 Lakhs to ₹21.6 Lakhs per year
Bank of India ₹11.0 Lakhs to ₹25.0 Lakhs per year
Indian Bank ₹14.2 Lakhs to ₹21.5 Lakhs per year
Central Bank of India ₹14.5 Lakhs to ₹22.0 Lakhs per year
UCO Bank ₹12.0 Lakhs to ₹27.0 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 Senior Manager Credit at Bank of Maharashtra in India?
The salary growth for a Senior Manager Credit at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Senior Manager Credit can expect the following growth trajectory at Bank of Maharashtra:

Experience Average Salary Range
6 years ₹7.0 Lakhs to ₹18.0 Lakhs per year
7 years ₹7.0 Lakhs to ₹19.0 Lakhs per year
8 years ₹13.0 Lakhs to ₹31.4 Lakhs per year
9 years ₹7.0 Lakhs to ₹19.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of Maharashtra Senior Manager Credit salary in India ranges between ₹13 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.