Federal Bank Assistant Manager Information Technology Salaries by 10 Employees

4 - 10 years exp.

₹9 Lakhs - ₹14 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

43% more than the average Assistant Manager Information Technology Salary in Banking Companies for 4 - 10 years of experience

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Salaries in different departments

Engineering - Software & QA Assistant Manager Information Technology Salary 4 - 10 years exp. (8 salaries)	₹9 L/yr - ₹14 L/yr
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Data Science & Analytics Assistant Manager Information Technology Salary 7 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹13 L/yr

Last Updated: 12 Feb 2024

Companies similar to Federal Bank for Assistant Manager Information Technology

Company name	Avg Annual Salary	Open Jobs
Bandhan Bank Assistant Manager Information Technology Salary 2 - 8 years exp. (19 salaries)	₹2.1 L/yr - ₹4.2 L/yr 70% less
Utkarsh Small Finance Bank Assistant Manager Information Technology Salary 4 - 9 years exp. (9 salaries)	₹2.8 L/yr - ₹5.8 L/yr 61% less
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IndusInd Bank Assistant Manager Information Technology Salary 4 - 7 years exp. (7 salaries)	₹3.5 L/yr - ₹12.5 L/yr 34% less
IDFC FIRST Bank Assistant Manager Information Technology Salary 3 - 7 years exp. (7 salaries)	₹5 L/yr - ₹6.5 L/yr 53% less
RBL Bank Assistant Manager Information Technology Salary 2 - 5 years exp. (6 salaries)	₹4.4 L/yr - ₹7.5 L/yr 50% less
Union Bank of India Assistant Manager Information Technology Salary 3 - 10 years exp. (6 salaries)	₹7 L/yr - ₹11.5 L/yr 10% less
Karur Vysya Bank Assistant Manager Information Technology Salary 5 - 9 years exp. (6 salaries)	₹8 L/yr - ₹10.5 L/yr 20% less
Axis Bank Assistant Manager Information Technology Salary 1 - 6 years exp. (6 salaries)	₹3.7 L/yr - ₹7.5 L/yr 57% less
Canara Bank Assistant Manager Information Technology Salary 3 - 6 years exp. (5 salaries)	₹6 L/yr - ₹10 L/yr 29% less
HDFC Bank Assistant Manager Information Technology Salary 3 - 5 years exp. (5 salaries)	₹3 L/yr - ₹3.8 L/yr 72% less
Ujjivan Small Finance Bank Assistant Manager Information Technology Salary 10 - 13 years exp. (5 salaries)	₹7.1 L/yr - ₹13.8 L/yr 5% less
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City Union Bank Assistant Manager Information Technology Salary 5 - 10 years exp. (5 salaries)	₹7.3 L/yr - ₹10 L/yr 28% less
Central Bank of India Assistant Manager Information Technology Salary 1 - 2 years exp. (4 salaries)	₹7 L/yr - ₹13 L/yr 15% less
Kotak Mahindra Bank Assistant Manager Information Technology Salary 2 - 6 years exp. (4 salaries)	₹2.6 L/yr - ₹10.3 L/yr 43% less
Shinhan Bank Assistant Manager Information Technology Salary 8 - 11 years exp. (3 salaries)	₹4.2 L/yr - ₹8 L/yr 50% less

Assistant Manager Information Technology salary at Federal Bank ranges between ₹9 Lakhs to ₹14 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Assistant Manager Information Technology

10mo ago

₹13 Lakhs

7 years exp.

1y ago

₹11.3 Lakhs

10 years exp.

1y ago

₹11.3 Lakhs

9 years exp.

1y ago

₹14 Lakhs

9 years exp.

1y ago

₹14 Lakhs

9 years exp.

1y ago

8 years exp.

1y ago

4 years exp.

1y ago

7 years exp.

1y ago

5 years exp.

1y ago

6 years exp.

Experience wise Federal Bank Assistant Manager Information Technology salaries

Last Updated: 12 Feb 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹9 L/yr - ₹18.4 L/yr
5 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹19.1 L/yr
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6 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹19.8 L/yr
7 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹13 L/yr
9 years (3 salaries)	₹11.3 L/yr - ₹14 L/yr
10 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹22.6 L/yr

View all

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₹2.5 L/yr - ₹3.2 L/yr

Product Owner Salary

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₹14 L/yr - ₹17.8 L/yr

Technical Product Manager Salary

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Salary related reviews for Federal Bank

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.

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

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

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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 Manager Information Technology Salary FAQs

What is the salary of Assistant Manager Information Technology at Federal Bank ?

The average salary of a Assistant Manager Information Technology at Federal Bank in India typically ranges from ₹9.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Assistant Manager Information Technology at Federal Bank earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Assistant Manager Information Technology 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 10 Federal Bank employees in India.

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

The estimated take-home salary of a Assistant Manager Information Technology at Federal Bank in India typically ranges from ₹81,411 to ₹83,534 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 4 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 10 salaries received from various employees of Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

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

Ujjivan Small Finance Bank	₹7.1 Lakhs to ₹13.8 Lakhs per year
Union Bank of India	₹7.0 Lakhs to ₹11.5 Lakhs per year
Central Bank of India	₹7.0 Lakhs to ₹13.0 Lakhs per year
Karur Vysya Bank	₹8.0 Lakhs to ₹10.5 Lakhs per year
City Union Bank	₹7.3 Lakhs to ₹10.0 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 Assistant Manager Information Technology at Federal Bank in India?

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

Experience	Average Salary Range
4 years	₹9.0 Lakhs to ₹18.4 Lakhs per year
5 years	₹9.6 Lakhs to ₹19.1 Lakhs per year
6 years	₹9.5 Lakhs to ₹19.8 Lakhs per year
7 years	₹9.5 Lakhs to ₹13.0 Lakhs per year

and so on.

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Federal Bank Assistant Manager Information Technology Salaries

Federal Bank Assistant Manager Information Technology salary in India ranges between ₹9 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Federal Bank latest salaries received from various employees of Federal Bank.