Federal Bank Assistant Manager 1 Salaries by 5 Employees

0 - 9 years exp.

₹7.5 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

116% more than the average Assistant Manager 1 Salary in Banking Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager 1 Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹8.8 L/yr - ₹10.8 L/yr
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Customer Success, Service & Operations Assistant Manager 1 Salary 4 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr

Last Updated: 7 Dec 2024

Companies similar to Federal Bank for Assistant Manager 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Manager 1 Salary 1 - 6 years exp. (57 salaries)	₹2.5 L/yr - ₹4.5 L/yr 65% less
ICICI Bank Assistant Manager 1 Salary 1 - 4 years exp. (240 salaries)	₹2 L/yr - ₹5 L/yr 64% less
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Axis Bank Assistant Manager 1 Salary 0 - 4 years exp. (38 salaries)	₹2.5 L/yr - ₹5 L/yr 62% less
State Bank of India Assistant Manager 1 Salary 1 - 6 years exp. (4 salaries)	₹8.1 L/yr - ₹10 L/yr 9% less
Kotak Mahindra Bank Assistant Manager 1 Salary 0 - 6 years exp. (147 salaries)	₹2 L/yr - ₹4.5 L/yr 68% less
Yes Bank Assistant Manager 1 Salary 2 - 6 years exp. (8 salaries)	₹3.2 L/yr - ₹4.8 L/yr 56% less
IDFC FIRST Bank Assistant Manager 1 Salary 2 - 7 years exp. (7 salaries)	₹3.1 L/yr - ₹5.3 L/yr 57% less
RBL Bank Assistant Manager 1 Salary 2 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹3.8 L/yr 65% less
Bandhan Bank Assistant Manager 1 Salary 0 - 6 years exp. (10 salaries)	₹2.8 L/yr - ₹4.5 L/yr 65% less
Utkarsh Small Finance Bank Assistant Manager 1 Salary 1 - 6 years exp. (66 salaries)	₹2.2 L/yr - ₹5.2 L/yr 62% less
IDBI Bank Assistant Manager 1 Salary 0 - 7 years exp. (7 salaries)	₹3.7 L/yr - ₹15 L/yr 11% less
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Karur Vysya Bank Assistant Manager 1 Salary 5 - 8 years exp. (5 salaries)	₹4.5 L/yr - ₹8.2 L/yr 28% less
Canara Bank Assistant Manager 1 Salary 5 - 10 years exp. (4 salaries)	₹9.5 L/yr - ₹13 L/yr 10% more
Jana Small Finance Bank Assistant Manager 1 Salary 2 - 7 years exp. (4 salaries)	₹3.8 L/yr - ₹5.5 L/yr 54% less
Ujjivan Small Finance Bank Assistant Manager 1 Salary 2 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 69% less
City Union Bank Assistant Manager 1 Salary 4 - 8 years exp. (4 salaries)	₹7.2 L/yr - ₹8.4 L/yr 19% less

Assistant Manager 1 salary at Federal Bank ranges between ₹7.5 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Assistant Manager 1 salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr
1 year (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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2 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
3 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹17.9 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.8 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.8 L/yr
7 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.2 L/yr
8 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
9 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.6 L/yr

View all

Similar Designation salaries in Federal Bank

Assistant Manager O&M Salary

(3 salaries)

₹7 L/yr - ₹11 L/yr

Department Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Assistant Branch Manager Salary

(4 salaries)

₹10 L/yr - ₹13.25 L/yr

Operations Manager Salary

(10 salaries)

₹5 L/yr - ₹16 L/yr

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₹8.4 L/yr - ₹21 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

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₹8.2 L/yr - ₹22 L/yr

Deputy Manager Salary

(6 salaries)

₹6.55 L/yr - ₹13.42 L/yr

Sales Manager Salary

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₹4.5 L/yr - ₹6.6 L/yr

Relationship Manager Salary

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₹2 L/yr - ₹4.5 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 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

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Skill development - Bad

+4 more

Assistant Manager Operations in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 14 May 2024

5.0

for Salary and Benefits

Likes

Salary and other compensation reimbursement and job security

Salary - Excellent

+2 more

Dislikes

Work life balance is worst.. if sales is not your thing you wont get any credit for other operational work done by you. Banking is all about selling insurance products

Work-life balance - Poor

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Federal Bank Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at Federal Bank ?

The average salary of a Assistant Manager 1 at Federal Bank in India typically ranges from ₹7.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Assistant Manager 1 at Federal Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Manager 1 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 5 Federal Bank employees in India.

What is the estimated take home salary of a Assistant Manager 1 at Federal Bank in India?

The estimated take-home salary of a Assistant Manager 1 at Federal Bank in India typically ranges from ₹70,503 to ₹72,316 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 5 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 Manager 1 in India?

Canara Bank

₹9.5 Lakhs to ₹13.0 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 Manager 1 in companies similar to Federal Bank in India?

The salary of a Assistant Manager 1 at companies similar to Federal Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

State Bank of India	₹8.1 Lakhs to ₹10.0 Lakhs per year
IDBI Bank	₹3.7 Lakhs to ₹15.0 Lakhs per year
City Union Bank	₹7.2 Lakhs to ₹8.4 Lakhs per year
Karur Vysya Bank	₹4.5 Lakhs to ₹8.2 Lakhs per year
Jana Small Finance Bank	₹3.8 Lakhs to ₹5.5 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 Assistant Manager 1 at Federal Bank in India?

The salary growth for a Assistant Manager 1 at Federal Bank depends on factors such as experience, performance, and promotions. On average, a Assistant Manager 1 can expect the following growth trajectory at Federal Bank:

Experience	Average Salary Range
Fresher	₹4.6 Lakhs to ₹12.0 Lakhs per year
1 year	₹9.9 Lakhs to ₹12.7 Lakhs per year
2 years	₹9.6 Lakhs to ₹12.3 Lakhs per year
3 years	₹9.3 Lakhs to ₹11.8 Lakhs per year

and so on.

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Federal Bank Assistant Manager 1 Salaries

Federal Bank Assistant Manager 1 salary in India ranges between ₹7.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Federal Bank latest salaries received from various employees of Federal Bank.