Bank of Maharashtra Indore Senior Manager Salaries by 3 Employees (Updated 2025)

11 - 14 years exp.

₹16 Lakhs - ₹30 Lakhs

Low Confidence

Salary of majority employees

20% more than the average Senior Manager Salary in Banking Companies for 11 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹25 L/yr
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Finance & Accounting Senior Manager Salary 14 years exp. (AmbitionBox Estimate)	₹20.5 L/yr - ₹30 L/yr

Last Updated: 11 Feb 2024

Companies similar to Bank of Maharashtra for Senior Manager in Indore

Bank of Maharashtra Senior Manager Salary

11 - 14 years exp. (3 salaries)

₹16 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
Union Bank of India Senior Manager Salary 13 - 15 years exp. (3 salaries)	₹16 L/yr - ₹19.8 L/yr 8% less
AU Small Finance Bank Senior Manager Salary 4 - 17 years exp. (11 salaries)	₹4.9 L/yr - ₹13 L/yr 44% less
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Federal Bank Senior Manager Salary 10 - 13 years exp. (5 salaries)	₹13.5 L/yr - ₹22.6 L/yr 3% more
VE Commercial Vehicles Senior Manager Salary 9 - 19 years exp. (95 salaries)	₹17.5 L/yr - ₹36.5 L/yr 15% more
ICICI Lombard General Insurance Company Senior Manager Salary 1 - 16 years exp. (33 salaries)	₹6 L/yr - ₹13.5 L/yr 54% less	1 job opening

Senior Manager salary at Bank of Maharashtra ranges between ₹16 Lakhs to ₹30 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Senior Manager salaries in Indore

Last Updated: 11 Feb 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹16 L/yr - ₹38.4 L/yr
12 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹25 L/yr
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13 years (AmbitionBox Estimate)	₹20.1 L/yr - ₹25.7 L/yr
14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹30 L/yr

Salary related reviews for Bank of Maharashtra

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.

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

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.

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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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Bank of Maharashtra Senior Manager Salary FAQs

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

According to AmbitionBox, 100% of the Bank of Maharashtra Senior Managers in Indore reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Senior Manager Salaries in Indore

Bank of Maharashtra Senior Manager salary in Indore ranges between ₹16 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.