ESAF Small Finance Bank Manager M1 Salaries by 4 Employees (Updated 2025)

9 - 11 years exp.

₹7.2 Lakhs - ₹8.2 Lakhs

Low Confidence

Salary of majority employees

34% less than the average Manager M1 Salary in Banking Companies for 9 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 9 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹9 L/yr
Human Resources Manager M1 Salary 10 years exp. (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.5 L/yr
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Sales & Business Development Manager M1 Salary 11 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.9 L/yr
Teaching & Training Manager M1 Salary 9 years exp. (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.5 L/yr

Last Updated: 24 Feb 2025

Companies similar to ESAF Small Finance Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (3 salaries)	₹4 L/yr - ₹10 L/yr 4% less
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (10 salaries)	₹7.2 L/yr - ₹9.5 L/yr 9% more
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Jana Small Finance Bank Manager M1 Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹6.5 L/yr 21% less
AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (37 salaries)	₹3.6 L/yr - ₹11 L/yr 6% less
Equitas Small Finance Bank Manager M1 Salary 7 - 13 years exp. (23 salaries)	₹5.6 L/yr - ₹11 L/yr 5% more
CSB Bank Manager M1 Salary 7 - 11 years exp. (8 salaries)	₹4.1 L/yr - ₹6.6 L/yr 27% less
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 20% more
Suryoday Small Finance Bank Manager M1 Salary 10 - 13 years exp. (5 salaries)	₹8 L/yr - ₹11.3 L/yr 7% more
Fino Payments Bank Manager M1 Salary 12 - 20 years exp. (5 salaries)	₹6.4 L/yr - ₹8.6 L/yr 5% less
Karur Vysya Bank Manager M1 Salary 6 - 12 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr 5% less
TJSB Sahakari Bank Manager M1 Salary 3 - 6 years exp. (4 salaries)	₹5.7 L/yr - ₹11 L/yr 14% more
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Manager M1 salary at ESAF Small Finance Bank ranges between ₹7.2 Lakhs to ₹8.2 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of ESAF Small Finance Bank.

Experience wise ESAF Small Finance Bank Manager M1 salaries

Last Updated: 24 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹8.2 L/yr
10 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.7 L/yr
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11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹13 L/yr

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Salary related reviews for ESAF Small Finance Bank

5.0

Rated by 1 employees for salary & benefits

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

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

Operations Manager in Mumbai Suburban

Branch Banking Department

5.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I worked with Esaf Group /Bank ,I think its a best place to work if you are a dedicated person ,Company will support you alway

Salary - Good

+6 more

Dislikes

Salary is not as expected but we get good incentives that makes it interesting

Customer Service Executive in Chennai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Sep 2024

3.0

for Salary and Benefits

Likes

Good salary and benefits

Job security - Good

Dislikes

Company is good with salary and benifits but working environment and colleagues are very bad they give torture and mind f***.back there I'm worked as customer service executive(CSE) while worked there if customer couldn't pay their amount CLUSTER HEAD and CUSTOMER SERVICE MANAGER (CSM) give pressure to pay our money to customer account.if I refuse to do that they blackmail me to do that work....WORST EXPERIENCE IN MY LIFE PLEASE DON'T RECOMMEND THIS

Promotions - Poor

+3 more

Brach Operation Manager in Palakkad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 May 2024

3.0

for Salary and Benefits

Likes

Yearly appraisal and promotion.

Skill development - Good

+2 more

Dislikes

Work culture was average. Am not satisfued with my salary and expence. I worked as BOM at the same time as BM also.. i managed my branch for 8 months with only 2 satffs.. i struggled that period with staff shortage and low salary. I did’t get my BOM or BM allowances because of my grade was C1. I worked as BOM & BM’s work preassure in inside and out side of the branch even JFM too, but my salary was very low. Only that reason i risigned my job.

Work satisfaction - Poor

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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ESAF Small Finance Bank Manager M1 Salary FAQs

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

Manager M1 salary at ESAF Small Finance Bank in India ranges between ₹7.2 Lakhs to ₹8.2 Lakhs for experience between 9 years to 11 years. According to our estimates it is 34% less than the average Manager M1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of ESAF Small Finance Bank India.

How does the salary of a Manager M1 at ESAF Small Finance Bank India compare with the average salary range for this job?

The average salary of a Manager M1 at ESAF Small Finance Bank is 34% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than ESAF Small Finance Bank to a Manager M1 in India?

Standard Chartered Manager M1 Salary - ₹6.9 Lakhs to ₹10.0 Lakhs per year
TJSB Sahakari Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.0 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
Suryoday Small Finance Bank Manager M1 Salary - ₹8.0 Lakhs to ₹11.3 Lakhs per year
Equitas Small Finance Bank Manager M1 Salary - ₹5.6 Lakhs to ₹11.0 Lakhs per year

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

Bharat Financial Inclusion Manager M1 Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
Karur Vysya Bank Manager M1 Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year
Fino Payments Bank Manager M1 Salary - ₹6.4 Lakhs to ₹8.6 Lakhs per year
AU Small Finance Bank Manager M1 Salary - ₹3.6 Lakhs to ₹11.0 Lakhs per year
Jana Small Finance Bank Manager M1 Salary - ₹6.0 Lakhs to ₹6.5 Lakhs per year

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

The estimated take-home salary of a Manager M1 at ESAF Small Finance Bank ranges between ₹56,448 per month to ₹57,864 per month in India. The take-home salary calculation is based on the average ESAF Small Finance Bank Manager M1 salary in India which ranges between ₹7.2 Lakhs to ₹8.2 Lakhs per year for employees with experience between 9 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at ESAF Small Finance Bank?

According to AmbitionBox, 60% of the ESAF Small Finance Bank Manager M1s reported a notice period of 2 Months, 40% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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ESAF Small Finance Bank Manager M1 Salaries

ESAF Small Finance Bank Manager M1 salary in India ranges between ₹7.2 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ESAF Small Finance Bank latest salaries received from various employees of ESAF Small Finance Bank.