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

9 - 11 years exp.

₹7.2 Lakhs - ₹8.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

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

Interested in this particular role?

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
Login to view exact salary
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
AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (36 salaries)	₹3.6 L/yr - ₹11 L/yr 8% less
Equitas Small Finance Bank Manager M1 Salary 7 - 13 years exp. (23 salaries)	₹5.6 L/yr - ₹11 L/yr 4% more
Login to view exact salary
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
Tamilnad Mercantile Bank Manager M1 Salary 10 - 11 years exp. (5 salaries)	₹10 L/yr - ₹16.1 L/yr 64% more
CSB Bank Manager M1 Salary 7 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6 L/yr 25% less
TJSB Sahakari Bank Manager M1 Salary 3 - 6 years exp. (4 salaries)	₹5.7 L/yr - ₹11 L/yr 14% more
City Union Bank Manager M1 Salary 13 - 17 years exp. (3 salaries)	₹11 L/yr - ₹13.8 L/yr 57% more

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
Login to view exact salary
11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹13 L/yr

Similar Designation salaries in ESAF Small Finance Bank

Team Manager Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Area Manager Salary

(24 salaries)

₹3.2 L/yr - ₹7.8 L/yr

Team Lead Salary

(7 salaries)

₹2.2 L/yr - ₹6.31 L/yr

Branch Manager Salary

(355 salaries)

₹3.11 L/yr - ₹13.32 L/yr

Deputy Manager Salary

(158 salaries)

₹3.2 L/yr - ₹9.08 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Project Manager Salary

(6 salaries)

₹3 L/yr - ₹15.4 L/yr

Cluster Manager Salary

(6 salaries)

₹18 L/yr - ₹24 L/yr

Service Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Operations Manager Salary

(36 salaries)

₹2.5 L/yr - ₹8.5 L/yr

Salary related reviews for ESAF Small Finance Bank

5.0

Rated by 1 employees for salary & benefits

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

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 Kottayam

Full Time

Other Department

2.0

• posted on 12 Feb 2025

3.0

for Salary and Benefits

Likes

Salary were credited on preferred time

Dislikes

Firstly they said they will support us but lately it doesn't. The superiors gives us much pressure and also the mental health become worst. Poor customer dealings..during trainning they said like its a hybrid type work but its purely field work. And the working time they said that its 9-5 but we have to work from 8-8:30😂

Skill development - Poor

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

98 participants . expiring in 1d

Got a question about ESAF Small Finance Bank?

Ask anonymously on communities.

ESAF Small Finance Bank Manager M1 Salary FAQs

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

The average salary of a Manager M1 at ESAF Small Finance Bank in India typically ranges from ₹7.2 Lakhs to ₹8.2 Lakhs per year, depending on experience (from 9 years to 11 years).

The top 10% of Manager M1 at ESAF Small Finance Bank earn more than ₹8.2 Lakhs per year, and the top 1% earn over ₹8.2 Lakhs per year. Manager M1 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 4 ESAF Small Finance Bank employees in India.

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 in India typically ranges from ₹56,448 to ₹57,864 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹8.2 Lakhs per year for employees with experience ranging from 9 years to 11 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 4 salaries received from various employees of ESAF Small Finance Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Tamilnad Mercantile Bank	₹10.0 Lakhs to ₹16.1 Lakhs per year
City Union Bank	₹11.0 Lakhs to ₹13.8 Lakhs per year
Standard Chartered	₹6.9 Lakhs to ₹10.0 Lakhs per year
TJSB Sahakari Bank	₹5.7 Lakhs to ₹11.0 Lakhs per year
Suryoday Small Finance Bank	₹8.0 Lakhs to ₹11.3 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.

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

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

Equitas Small Finance Bank	₹5.6 Lakhs to ₹11.0 Lakhs per year
Karur Vysya Bank	₹6.0 Lakhs to ₹9.0 Lakhs per year
Fino Payments Bank	₹6.4 Lakhs to ₹8.6 Lakhs per year
AU Small Finance Bank	₹3.6 Lakhs to ₹11.0 Lakhs per year
CSB Bank	₹4.5 Lakhs to ₹6.0 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 Manager M1 at ESAF Small Finance Bank in India?

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

Experience	Average Salary Range
9 years	₹7.7 Lakhs to ₹8.2 Lakhs per year
10 years	₹3.0 Lakhs to ₹7.7 Lakhs per year
11 years	₹7.2 Lakhs to ₹13.0 Lakhs per year

and so on.

Tell us how to improve this page.

ESAF Small Finance Bank Manager M1 Salaries by Location

Home >
Salaries >
ESAF Small Finance Bank Salaries >
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.