Federal Bank Assistant Credit Manager Salaries by 4 Employees

3 - 10 years exp.

₹10.5 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

159% more than the average Assistant Credit Manager Salary in Banking Companies for 3 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Credit Manager Salary 3 - 10 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹12 L/yr
Finance & Accounting Assistant Credit Manager Salary 6 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr
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Risk Management & Compliance Assistant Credit Manager Salary 5 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr

Last Updated: 14 Jun 2024

Companies similar to Federal Bank for Assistant Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Credit Manager Salary 1 - 5 years exp. (60 salaries)	₹2.4 L/yr - ₹9 L/yr 58% less
Ujjivan Small Finance Bank Assistant Credit Manager Salary 2 - 8 years exp. (43 salaries)	₹3.3 L/yr - ₹7.9 L/yr 51% less
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Axis Bank Assistant Credit Manager Salary 0 - 7 years exp. (37 salaries)	₹2.7 L/yr - ₹5.5 L/yr 63% less
Kotak Mahindra Bank Assistant Credit Manager Salary 0 - 7 years exp. (22 salaries)	₹2 L/yr - ₹4.1 L/yr 68% less
ICICI Bank Assistant Credit Manager Salary 0 - 6 years exp. (14 salaries)	₹1.5 L/yr - ₹3.8 L/yr 79% less
IDFC FIRST Bank Assistant Credit Manager Salary 1 - 7 years exp. (14 salaries)	₹4 L/yr - ₹6.2 L/yr 61% less
Jana Small Finance Bank Assistant Credit Manager Salary 3 - 9 years exp. (13 salaries)	₹3.1 L/yr - ₹5 L/yr 64% less
Bandhan Bank Assistant Credit Manager Salary 0 - 2 years exp. (9 salaries)	₹2 L/yr - ₹4.5 L/yr 68% less
Karur Vysya Bank Assistant Credit Manager Salary 7 - 10 years exp. (8 salaries)	₹10 L/yr - ₹13 L/yr 5% less
Union Bank of India Assistant Credit Manager Salary 1 - 8 years exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 28% less
Utkarsh Small Finance Bank Assistant Credit Manager Salary 1 - 6 years exp. (7 salaries)	₹2.4 L/yr - ₹3.6 L/yr 73% less
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IDBI Bank Assistant Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹10 L/yr - ₹16 L/yr 11% more
IndusInd Bank Assistant Credit Manager Salary 2 - 4 years exp. (6 salaries)	₹2 L/yr - ₹4 L/yr 70% less
Yes Bank Assistant Credit Manager Salary 0 - 2 years exp. (5 salaries)	₹4 L/yr - ₹5 L/yr 61% less
Central Bank of India Assistant Credit Manager Salary 4 - 7 years exp. (5 salaries)	₹7.1 L/yr - ₹11.8 L/yr 18% less
Standard Chartered Assistant Credit Manager Salary 4 - 13 years exp. (5 salaries)	₹3.8 L/yr - ₹4.1 L/yr 66% less
City Union Bank Assistant Credit Manager Salary 3 - 7 years exp. (4 salaries)	₹7 L/yr - ₹7.5 L/yr 39% less
Canara Bank Assistant Credit Manager Salary 7 - 8 years exp. (3 salaries)	₹14.5 L/yr - ₹15 L/yr 30% more

Assistant Credit Manager salary at Federal Bank ranges between ₹10.5 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Assistant Credit Manager salaries

Last Updated: 14 Jun 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹12 L/yr - ₹12 L/yr
4 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12 L/yr
7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
8 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
9 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
10 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹19.3 L/yr

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Similar Designation salaries in Federal Bank

Regional Credit Manager Salary

(3 salaries)

₹23 L/yr - ₹26 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹13.2 L/yr - ₹16.9 L/yr

Branch Credit Manager Salary

(4 salaries)

₹4 L/yr - ₹15 L/yr

Zonal Credit Manager Salary

(AmbitionBox Estimate)

₹21.6 L/yr - ₹27.6 L/yr

Credit Manager Salary

(82 salaries)

₹10 L/yr - ₹20 L/yr

Senior Credit Officer Salary

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₹6 L/yr - ₹18 L/yr

Relationship Manager Salary

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₹2 L/yr - ₹4 L/yr

Branch Manager Salary

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₹8.2 L/yr - ₹22 L/yr

Assistant Vice President Salary

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Chief Manager Salary

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₹18 L/yr - ₹26 L/yr

Salary related reviews for Federal Bank

Sales Manager in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 25 Dec 2024

2.0

for Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

Salary - Poor

+6 more

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 May 2022

4.0

for Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

Salary - Good

+3 more

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

Associate Vice President in Thiruvananthapuram

Customer Success, Service & Operations Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

...ing.If we are deserving n performing well ,we will be noticed by the higher ups.Fair appraisals and good compensation n allowances also.

Salary - Good

+4 more

Dislikes

Top management decisions and policies are not conveyed to field level employees n we feel aliens at times.There should be a platform where one can raise a concern directly to a top leader.

Senior Manager in Ernakulam

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2025

5.0

for Salary and Benefits

Likes

... consideration for posting based on personal issues. Opportunities for learning. Salary is at par with nationalised banks. Offers good job security.

Salary - Excellent

+5 more

Dislikes

The promotion process is subject to bias. Hands on training for new recruits can be improved.

Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 24 Nov 2024

5.0

for Salary and Benefits

Likes

Pay scale is good, less Pressure,

Salary - Excellent

+3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

Skill development - Poor

+1 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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Federal Bank Assistant Credit Manager Salary FAQs

What is the salary of Assistant Credit Manager at Federal Bank ?

The average salary of a Assistant Credit Manager at Federal Bank in India typically ranges from ₹10.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Assistant Credit Manager at Federal Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Credit Manager Salaries at Federal 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 Federal Bank employees in India.

What is the estimated take home salary of a Assistant Credit Manager at Federal Bank in India?

The estimated take-home salary of a Assistant Credit Manager at Federal Bank in India typically ranges from ₹81,983 to ₹84,122 per month. This is based on the average salary range of ₹10.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 3 years to 10 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 Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Federal Bank for Assistant Credit Manager in India?

Canara Bank	₹14.5 Lakhs to ₹15.0 Lakhs per year
IDBI Bank	₹10.0 Lakhs to ₹16.0 Lakhs per year

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

What is the salary of a Assistant Credit Manager in companies similar to Federal Bank in India?

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

Karur Vysya Bank	₹10.0 Lakhs to ₹13.0 Lakhs per year
Central Bank of India	₹7.1 Lakhs to ₹11.8 Lakhs per year
Union Bank of India	₹4.5 Lakhs to ₹13.0 Lakhs per year
City Union Bank	₹7.0 Lakhs to ₹7.5 Lakhs per year
Ujjivan Small Finance Bank	₹3.3 Lakhs to ₹7.9 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 Assistant Credit Manager at Federal Bank in India?

The salary growth for a Assistant Credit Manager at Federal Bank depends on factors such as experience, performance, and promotions. On average, a Assistant Credit Manager can expect the following growth trajectory at Federal Bank:

Experience	Average Salary Range
3 years	₹12.0 Lakhs to ₹12.0 Lakhs per year
4 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
5 years	₹4.8 Lakhs to ₹12.0 Lakhs per year
6 years	₹4.7 Lakhs to ₹12.0 Lakhs per year

and so on.

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Federal Bank Assistant Credit Manager Salaries

Federal Bank Assistant Credit Manager salary in India ranges between ₹10.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Federal Bank latest salaries received from various employees of Federal Bank.