ESAF Small Finance Bank Indore Branch Manager Salaries by 6 Employees (Updated 2025)

7 - 13 years exp.

₹4.6 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% less than the average Branch Manager Salary in Banking Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 9 - 11 years exp. (3 salaries)	₹9 L/yr - ₹12 L/yr
Customer Success, Service & Operations Branch Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹11.5 L/yr
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Finance & Accounting Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹10.5 L/yr

Last Updated: 4 Jan 2025

Companies similar to ESAF Small Finance Bank for Branch Manager in Indore

ESAF Small Finance Bank Branch Manager Salary

7 - 13 years exp. (6 salaries)

₹4.6 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
AU Small Finance Bank Branch Manager Salary 4 - 15 years exp. (23 salaries)	₹4.5 L/yr - ₹16 L/yr 16% more	2 job openings
Equitas Small Finance Bank Branch Manager Salary 5 - 13 years exp. (18 salaries)	₹4 L/yr - ₹13.5 L/yr 3% more	27 job openings
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Karnataka Vikas Grameena Bank Branch Manager Salary 7 - 11 years exp. (3 salaries)	₹8.3 L/yr - ₹13 L/yr 38% more
IndusInd Bank Branch Manager Salary 6 - 20 years exp. (64 salaries)	₹4.9 L/yr - ₹18 L/yr 28% more	120 job openings
IDFC FIRST Bank Branch Manager Salary 6 - 18 years exp. (51 salaries)	₹5.6 L/yr - ₹21.5 L/yr 46% more	4 job openings

Branch Manager salary at ESAF Small Finance Bank ranges between ₹4.6 Lakhs to ₹12 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of ESAF Small Finance Bank.

Experience wise ESAF Small Finance Bank Branch Manager salaries in Indore

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.1 L/yr
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9 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
11 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
13 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr

View all

Similar Designation salaries in ESAF Small Finance Bank

Branch Head Salary

(5 salaries)

₹4.5 L/yr - ₹12.5 L/yr

Top skills at ESAF Small Finance Bank for Branch Manager

Interpersonal Skills Team Development Branch Management Customer Focus MIS Reporting Management Skills Heading Branch Service Quality Banking Operations Sales Retail Liabilities Customer Service Retail Banking

Salary related reviews for ESAF Small Finance Bank

1.0

Rated by 2 employees for salary & benefits

Branch Manager in Malappuram

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 01 Oct 2023

2.0

for Salary and Benefits

Likes

Employee friendly, good working atmosphere compared with other banks.

Skill development - Good

+5 more

Dislikes

Have to improve staff benefits like Home loan rate, personal loans, consumer loan, staff yearly bonus system and outstation allowances also.

Salary - Poor

Relationship Manager in Idukki

Full Time

Finance & Accounting Department

4.0

• posted on 31 Jan 2025

3.0

for Salary and Benefits

Likes

In our branch is like family,that is major likely factor to me

Skill development - Excellent

+2 more

Dislikes

Salary,Promotion and transfer My home is 50km far from my branch and I am Daily travelling here to my home and also some days branch close after 7.30pm, also I am not comfortable to this situation Employee satisfaction is a major factor

Deputy Manager in Thrissur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 Aug 2024

1.0

for Salary and Benefits

Likes

Work life balance. Approachable team leads and heads. Positive work environment. Decent opportunities.

Job security - Excellent

+2 more

Dislikes

...licies like this which will hamper your growth, learning and financial planning. Also they will not pay your performance bonus even if it is written on your offer letter, as they think its bank's discretion. Don't join ESAF save your money and career. My only suggestion to ESAF is change full HR and bring people who are experienced in HR.

Salary - Bad

+3 more

Assistant Branch Manager in Thrissur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 18 Oct 2023

3.0

for Salary and Benefits

Likes

...of esfb one among the first staffs. Before that I was in esaf microfinance also. I just resigned because of the salary and work-life balance issue. Apart from that it is a best experience for me to learn from the basics to a banker.

Skill development - Excellent

+1 more

Dislikes

Work life and salary where pathetic at those times now may be changed company is growing like anything.

Promotions - Poor

+1 more

Branch Incharge in Bhagalpur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 Feb 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Bank policies are good, appraisal are fair and they give good salary hike, promotion and bonus every year.

Salary - Excellent

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ESAF Small Finance Bank Branch Manager Salary FAQs

What is the salary of Branch Manager at ESAF Small Finance Bank in Indore?

The average salary of a Branch Manager at ESAF Small Finance Bank in Indore typically ranges from ₹4.6 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Branch Manager in Indore at ESAF Small Finance Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Branch Manager Salaries at ESAF 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 6 ESAF Small Finance Bank employees in India.

What is the estimated take home salary of a Branch Manager at ESAF Small Finance Bank in Indore?

The estimated take-home salary of a Branch Manager at ESAF Small Finance Bank in Indore typically ranges from ₹64,879 to ₹66,534 per month. This is based on the average salary range of ₹4.6 Lakhs to ₹12.0 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 6 salaries received from various employees of ESAF Small Finance Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Manager at ESAF Small Finance Bank in Indore?

To be a Branch Manager at ESAF Small Finance Bank in Indore, the key skills required include:

- Interpersonal Skills
- Team Development
- Branch Management
- Customer Focus
- MIS Reporting

These skills are highly valued at ESAF Small Finance Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ESAF Small Finance Bank for Branch Manager in India?

IDFC FIRST Bank	₹5.6 Lakhs to ₹21.5 Lakhs per year
Karnataka Vikas Grameena Bank	₹8.3 Lakhs to ₹13.0 Lakhs per year
IndusInd Bank	₹4.9 Lakhs to ₹18.0 Lakhs per year
AU Small Finance Bank	₹4.5 Lakhs to ₹16.0 Lakhs per year
Equitas Small Finance Bank	₹4.0 Lakhs to ₹13.5 Lakhs per year

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

How the salary growth look like for a Branch Manager at ESAF Small Finance Bank in Indore?

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

Experience	Average Salary Range
7 years	₹6.7 Lakhs to ₹8.6 Lakhs per year
8 years	₹7.2 Lakhs to ₹9.1 Lakhs per year
9 years	₹7.6 Lakhs to ₹9.7 Lakhs per year
10 years	₹8.0 Lakhs to ₹10.2 Lakhs per year

and so on.

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ESAF Small Finance Bank Branch Manager Salaries in Indore

ESAF Small Finance Bank Branch Manager salary in Indore ranges between ₹4.6 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ESAF Small Finance Bank latest salaries received from various employees of ESAF Small Finance Bank.