Central Bank of India IT Manager Salaries by 10+ Employees

1 - 14 years exp.

₹8 Lakhs - ₹17.3 Lakhs

Salary of majority employees

11% less than the average IT Manager Salary in Banking Companies for 1 - 14 years of experience

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Salaries in different departments

Engineering - Software & QA IT Manager Salary 1 - 5 years exp. (6 salaries)	₹12 L/yr - ₹15 L/yr
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Engineering - Hardware & Networks IT Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹12.7 L/yr

Last Updated: 7 Nov 2024

Companies similar to Central Bank of India for IT Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India IT Manager Salary 10 - 16 years exp. (7 salaries)	₹15 L/yr - ₹22 L/yr 64% more
ICICI Bank IT Manager Salary 0 - 13 years exp. (13 salaries)	₹9 L/yr - ₹21.2 L/yr 12% more
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HDFC Bank IT Manager Salary 1 - 11 years exp. (109 salaries)	₹5.5 L/yr - ₹20.8 L/yr 2% less
Axis Bank IT Manager Salary 1 - 12 years exp. (72 salaries)	₹9.7 L/yr - ₹20.2 L/yr 18% more
Punjab National Bank IT Manager Salary 4 - 9 years exp. (16 salaries)	₹10.9 L/yr - ₹22 L/yr 43% more
Bank of Baroda IT Manager Salary 5 - 15 years exp. (26 salaries)	₹10 L/yr - ₹21 L/yr 32% more
Canara Bank IT Manager Salary 4 - 12 years exp. (27 salaries)	₹9 L/yr - ₹22 L/yr 31% more
Union Bank of India IT Manager Salary 5 - 10 years exp. (8 salaries)	₹8.4 L/yr - ₹14 L/yr 12% less
IDBI Bank IT Manager Salary 3 - 10 years exp. (9 salaries)	₹12 L/yr - ₹22 L/yr 39% more
AU Small Finance Bank IT Manager Salary 2 - 10 years exp. (57 salaries)	₹6.7 L/yr - ₹18 L/yr 3% more
IndusInd Bank IT Manager Salary 5 - 12 years exp. (31 salaries)	₹5.2 L/yr - ₹22.5 L/yr 4% more
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IDFC FIRST Bank IT Manager Salary 4 - 14 years exp. (21 salaries)	₹6.1 L/yr - ₹19.5 L/yr 3% more
Kotak Mahindra Bank IT Manager Salary 5 - 11 years exp. (16 salaries)	₹6.4 L/yr - ₹18.5 L/yr 8% less
Indian Overseas Bank IT Manager Salary 7 - 11 years exp. (15 salaries)	₹12.5 L/yr - ₹20 L/yr 22% more
Equitas Small Finance Bank IT Manager Salary 5 - 13 years exp. (15 salaries)	₹6.9 L/yr - ₹19 L/yr 15% more
Bank of Maharashtra IT Manager Salary 4 - 11 years exp. (13 salaries)	₹12 L/yr - ₹20 L/yr 19% more
Indian Bank IT Manager Salary 6 - 13 years exp. (8 salaries)	₹8 L/yr - ₹20 L/yr 25% more
Standard Chartered IT Manager Salary 14 - 18 years exp. (6 salaries)	₹19 L/yr - ₹28 L/yr 85% more
Yes Bank IT Manager Salary 1 - 3 years exp. (5 salaries)	₹16.5 L/yr - ₹18 L/yr 36% more
Ujjivan Small Finance Bank IT Manager Salary 3 - 14 years exp. (5 salaries)	₹8.4 L/yr - ₹18.4 L/yr 9% more

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IT Manager salary at Central Bank of India ranges between ₹8 Lakhs to ₹17.3 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 12 latest salaries received from various employees of Central Bank of India.

Experience wise Central Bank of India IT Manager salaries

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.5 L/yr - ₹15 L/yr
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12 L/yr
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3 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹15 L/yr
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹15 L/yr
5 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
7 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
8 years (AmbitionBox Estimate)	₹8 L/yr - ₹21.6 L/yr
9 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹13.9 L/yr
10 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹22 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹22.3 L/yr
12 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.4 L/yr
13 years (AmbitionBox Estimate)	₹5 L/yr - ₹16 L/yr
14 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹17.3 L/yr

View all

Similar Designation salaries in Central Bank of India

Deputy Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Operations Manager Salary

(4 salaries)

₹10 L/yr - ₹12 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹29.7 L/yr - ₹37.9 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Salary related reviews for Central Bank of India

3.5

Rated by 5 employees for salary & benefits

IT Manager in Mumbai

Engineering - Software & QA Department

4.0

• posted on 22 Mar 2018

4.0

for Salary and Benefits

Likes

People are really supportive if you are in IT section. You have full freedom to explore and try new initiatives.

Salary - Good

+4 more

Dislikes

...ghly process driven. A small project may take several months just for approvals. Standard compensation as per govt guidelines no performance based benefits. Lack of staff and work at field level is really horrible. You are made to do many things which are not under your scope of work by your bosses.

Assistant Manager Operations in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 17 Aug 2024

4.0

for Salary and Benefits

Likes

Job is permanent. Salary and Perks are good.

Salary - Good

+2 more

Dislikes

There is no stipulated work hours for officers. It will go more than 10 hours per day. No confirmed Week offs. They may ask you to conduct a camp or canvass loans or Canvass government business on Saturdays and Sundays. Just because it's a permanent job, higher authorities treats you like a dog shit. You are not supposed to avail sick leave if there is staff shortage. You can not either avail Authorised leave if some higher authorities comes to your branch. They'll cancel all your leaves straight away. Just scaling up in position is not a real growth. You need to print passbooks even if you are a chief manager. Family is nothing to them. Health is nothing to them. Don't drink water. Don't go for lunch even if it's 2:30 PM. No tea breaks. No tea at all. "I work for a bank" has changed. "I live for a bank and Die for a bank" is a new trend.

Work satisfaction - Poor

+2 more

Apprenticeship Trainee in Ahmedabad

Contractual

BFSI, Investments & Trading Department

4.0

• posted on 20 Sep 2024

3.0

for Salary and Benefits

Likes

Employees are very familiar and the work environment is very positive

Promotions - Excellent

+3 more

Dislikes

The apprentice trainees are dissatisfied with their salary and lack of job security. They are concerned about the lack of confirmation for future postings and feel that the company is poor at providing clear answers to their questions.

Job security - Bad

Apprentice in Akola

Contractual

Other Department

5.0

• posted on 26 Mar 2024

5.0

for Salary and Benefits

Likes

Friendly work staff make easy to achieve Targets in mobile banking, internet banking, etc.

Salary - Excellent

+6 more

Dislikes

Nothing dislike in bank but apprentice is contract for only one year so that why salary is very low and after completing apprentice we are unemployed. So whose having good study and able to crack banking exam go through it because who is having good study do not required any experience. As I am not as much good in study I need experience to work in private bank. As per my motive it is good for me to get private bank job as in any field. Thank you.

Senior Manager in PUDUKOTTAI, TAMIL NADU

BFSI, Investments & Trading Department

4.0

• posted on 22 Dec 2020

4.0

for Salary and Benefits

Likes

Job Security. Freedom to take Credit decision, to work Honest, independent. Regular and increase in Salary every year considerably. Union activities allowed considerably. Regular Training imported at Mumbai and Kolkatta.Job satisfaction that I have served to the needy people of this Great Nation.

Salary - Good

+6 more

Dislikes

Salary is common to all Efficient and others. Some sort of compulsion from Govt side for Credit but not helping for Recovery.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Central Bank of India IT Manager Salary FAQs

What is the salary of IT Manager at Central Bank of India ?

The average salary of a IT Manager at Central Bank of India in India typically ranges from ₹8.0 Lakhs to ₹17.3 Lakhs per year, depending on experience (from 1 year to 14 years).

The top 10% of IT Manager at Central Bank of India earn more than ₹16.4 Lakhs per year, and the top 1% earn over ₹17.3 Lakhs per year. IT Manager Salaries at Central Bank of India 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+ Central Bank of India employees in India.

What is the estimated take home salary of a IT Manager at Central Bank of India in India?

The estimated take-home salary of a IT Manager at Central Bank of India in India typically ranges from ₹87,761 to ₹90,063 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹17.3 Lakhs per year for employees with experience ranging from 1 year 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 Central Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Central Bank of India for IT Manager in India?

Standard Chartered	₹19.0 Lakhs to ₹28.0 Lakhs per year
State Bank of India	₹15.0 Lakhs to ₹22.0 Lakhs per year
Bank of America	₹16.0 Lakhs to ₹21.6 Lakhs per year
Punjab National Bank	₹10.9 Lakhs to ₹22.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Central Bank of India, depending on the role and experience level.

What is the salary of a IT Manager in companies similar to Central Bank of India in India?

The salary of a IT Manager at companies similar to Central Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank	₹16.5 Lakhs to ₹18.0 Lakhs per year
Bank of Baroda	₹10.0 Lakhs to ₹21.0 Lakhs per year
Canara Bank	₹9.0 Lakhs to ₹22.0 Lakhs per year
Indian Bank	₹8.0 Lakhs to ₹20.0 Lakhs per year
Indian Overseas Bank	₹12.5 Lakhs to ₹20.0 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 IT Manager at Central Bank of India in India?

The salary growth for a IT Manager at Central Bank of India depends on factors such as experience, performance, and promotions. On average, a IT Manager can expect the following growth trajectory at Central Bank of India:

Experience	Average Salary Range
1 year	₹4.5 Lakhs to ₹15.0 Lakhs per year
2 years	₹4.5 Lakhs to ₹12.0 Lakhs per year
3 years	₹4.6 Lakhs to ₹15.0 Lakhs per year
4 years	₹4.6 Lakhs to ₹15.0 Lakhs per year

and so on.

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Central Bank of India IT Manager Salaries

Central Bank of India IT Manager salary in India ranges between ₹8 Lakhs to ₹17.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Central Bank of India latest salaries received from various employees of Central Bank of India.