Equitas Small Finance Bank Manager M1 Salaries by 20+ Employees (Updated 2025)

7 - 13 years exp.

₹5.6 Lakhs - ₹11 Lakhs

Salary of majority employees

32% less than the average Manager M1 Salary in Banking Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 7 - 13 years exp. (15 salaries)	₹6 L/yr - ₹11 L/yr
Customer Success, Service & Operations Manager M1 Salary 9 - 10 years exp. (3 salaries)	₹6.5 L/yr - ₹8 L/yr
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Sales & Business Development Manager M1 Salary 9 - 13 years exp. (3 salaries)	₹8 L/yr - ₹8.5 L/yr
Strategic & Top Management Manager M1 Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.7 L/yr

Last Updated: 22 Mar 2025

Companies similar to Equitas Small Finance Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Manager M1 Salary 4 - 11 years exp. (46 salaries)	₹3.5 L/yr - ₹8.8 L/yr 19% less
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (44 salaries)	₹5 L/yr - ₹9.5 L/yr 9% less
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AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (36 salaries)	₹3.6 L/yr - ₹11 L/yr 12% less
Yes Bank Manager M1 Salary 1 - 13 years exp. (35 salaries)	₹5.5 L/yr - ₹10.1 L/yr 5% less
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 16% more
IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	₹13.5 L/yr - ₹20 L/yr 124% more
Bank of Baroda Manager M1 Salary 7 - 10 years exp. (4 salaries)	₹7.5 L/yr - ₹10.5 L/yr 15% more
Jana Small Finance Bank Manager M1 Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹6.5 L/yr 24% less
Ujjivan Small Finance Bank Manager M1 Salary 5 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.2 L/yr 32% less

Manager M1 salary at Equitas Small Finance Bank ranges between ₹5.6 Lakhs to ₹11 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 23 latest salaries received from various employees of Equitas Small Finance Bank.

Experience wise Equitas Small Finance Bank Manager M1 salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹6 L/yr - ₹8.5 L/yr
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9 years (5 salaries)	₹6.5 L/yr - ₹9.4 L/yr
10 years (5 salaries)	₹6.3 L/yr - ₹8.9 L/yr
11 years (5 salaries)	₹5.6 L/yr - ₹11 L/yr
12 years (3 salaries)	₹6.1 L/yr - ₹8.4 L/yr
13 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8 L/yr

View all

Similar Designation salaries in Equitas Small Finance Bank

Team Manager Salary

(7 salaries)

₹5.13 L/yr - ₹14 L/yr

Area Manager Salary

(22 salaries)

₹7.05 L/yr - ₹24.1 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹12.4 L/yr - ₹15.9 L/yr

Team Lead Salary

(14 salaries)

₹4 L/yr - ₹10.47 L/yr

Branch Manager Salary

(251 salaries)

₹3.6 L/yr - ₹14.47 L/yr

Deputy Manager Salary

(317 salaries)

₹2.4 L/yr - ₹9.5 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹18.5 L/yr - ₹23.6 L/yr

Project Manager Salary

(15 salaries)

₹4.13 L/yr - ₹25.65 L/yr

Cluster Manager Salary

(61 salaries)

₹5 L/yr - ₹10.5 L/yr

Service Manager Salary

(4 salaries)

₹3 L/yr - ₹3.2 L/yr

Salary related reviews for Equitas Small Finance Bank

3.7

Rated by 4 employees for salary & benefits

Deputy Manager in Chennai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Dec 2024

4.0

for Salary and Benefits

Likes

My manager and head Ma’am are very approachable. Always there to guide both personally and professionally. It is like family.

Salary - Good

+4 more

Dislikes

No proper parking No personal life balance Should give pay for working on holiday internal job posting should be opened to everyone as sometimes due to experience eligibility we lose the opportunity

Assistant Vice President (working remotely)

Full Time

Other Department

5.0

• posted on 18 Dec 2024

5.0

for Salary and Benefits

Likes

I recently joined here and I'm currently at the head office. It's truly commendable that the banks offer free lunch and snacks to their staff. That's no small feat! The commitment to corporate social responsibility at 5% is also highly valued. I'm really enjoying my time here!

Salary - Excellent

+6 more

Dislikes

...ve the bank could consider standardizing salaries in based upon to market value. Currently, the alignment of designation, experience, and salary seems off. If you could take a look at this, I would appreciate it.

Operations Manager in Head Office Ambature CPC

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 29 Nov 2023

5.0

for Salary and Benefits

Likes

... Every year work anniversary and Birthday cake cutting very happy in my life. 3. At the time of corona period i am affected Equitas tacking care of Salary and medical expenses grocery. and also provided to affected employees. 4. Esop Shares, I have availed and reduce my Loan 50 % @ others. 5. Medical Emergency loan @ 0 % (Zero) 6. HAC awards every year 7. Mastro Award Every month for motivation for staffs. error free work. 8 Every year medical camp. 9. My family medical policy covered by Equitas. 10. All festival celebration at Equitas Family very Happy with Co Ordinate HR. 11. Any Issue smoothly handling in HR deportment. 12. working at workplace statics factions. 13. I am Not Seeing God wright now i am Seeing for our MD. So many changes in My life with Equitas again thanks to Equitas Family.

Salary - Excellent

+6 more

Dislikes

Nothing

Branch Manager in Warud

BFSI, Investments & Trading Department

4.0

• posted on 14 Mar 2018

5.0

for Salary and Benefits

Likes

Teammates,training,job security, career growth, salary/appraisal,travail, work environment etc.

Salary - Excellent

+5 more

Dislikes

Compensation is decent,the work pressure is very high.ssometims, I have to work 14-18 hours straight ins day as I have to attend client calls in theevening and sometimes late in to night.

Rm Executive in Udumalaipettai

Full Time

Finance & Accounting Department

3.0

• posted on 21 Dec 2024

1.0

for Salary and Benefits

Likes

When I first joined this company, I liked the way ABM taught me about this business. Name: mathan sir

Dislikes

Every employee working for an rm should have the same salary. I work at Equitas Bank without any prior experience, but we do the work that experienced people do. Why do salaries differ for people doing the same job?

Salary - Bad

+3 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Equitas Small Finance Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at Equitas Small Finance Bank ?

The average salary of a Manager M1 at Equitas Small Finance Bank in India typically ranges from ₹5.6 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Manager M1 at Equitas Small Finance Bank earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Manager M1 Salaries at Equitas Small Finance Bank 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 20+ Equitas Small Finance Bank employees in India.

What is the estimated take home salary of a Manager M1 at Equitas Small Finance Bank in India?

The estimated take-home salary of a Manager M1 at Equitas Small Finance Bank in India typically ranges from ₹58,542 to ₹60,017 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 7 years to 13 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 20+ salaries received from various employees of Equitas Small Finance Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Equitas Small Finance Bank for Manager M1 in India?

IDBI Bank	₹13.5 Lakhs to ₹20.0 Lakhs per year
Standard Chartered	₹6.9 Lakhs to ₹10.0 Lakhs per year
Bank of Baroda	₹7.5 Lakhs to ₹10.5 Lakhs per year

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

What is the salary of a Manager M1 in companies similar to Equitas Small Finance Bank in India?

The salary of a Manager M1 at companies similar to Equitas Small Finance Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank	₹5.5 Lakhs to ₹10.1 Lakhs per year
IDFC FIRST Bank	₹5.0 Lakhs to ₹9.5 Lakhs per year
AU Small Finance Bank	₹3.6 Lakhs to ₹11.0 Lakhs per year
IndusInd Bank	₹3.5 Lakhs to ₹8.8 Lakhs per year
Jana Small Finance Bank	₹6.0 Lakhs to ₹6.5 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 Manager M1 at Equitas Small Finance Bank in India?

The salary growth for a Manager M1 at Equitas Small Finance Bank depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at Equitas Small Finance Bank:

Experience	Average Salary Range
7 years	₹7.5 Lakhs to ₹15.0 Lakhs per year
8 years	₹6.0 Lakhs to ₹8.5 Lakhs per year
9 years	₹6.5 Lakhs to ₹9.4 Lakhs per year
10 years	₹6.3 Lakhs to ₹8.9 Lakhs per year

and so on.

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Equitas Small Finance Bank Manager M1 Salaries by Location

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Equitas Small Finance Bank Manager M1 Salaries

Equitas Small Finance Bank Manager M1 salary in India ranges between ₹5.6 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Equitas Small Finance Bank latest salaries received from various employees of Equitas Small Finance Bank.

Equitas Small Finance Bank Manager M1 salaries in India (Updated 2025)

Companies similar to Equitas Small Finance Bank for Manager M1

Latest annual salaries shared by Equitas Small Finance Bank Manager M1

Experience wise Equitas Small Finance Bank Manager M1 salaries

Similar Designation salaries in Equitas Small Finance Bank

Salary related reviews for Equitas Small Finance Bank

Deputy Manager in Chennai

Assistant Vice President (working remotely)

Operations Manager in Head Office Ambature CPC

Branch Manager in Warud

Rm Executive in Udumalaipettai

Equitas Small Finance Bank Manager M1 Salary FAQs

Tell us how to improve this page.

Equitas Small Finance Bank Manager M1 Salaries by Location