Federal Bank Assistant Manager Operations Salaries by 20+ Employees

0 - 12 years exp.

₹7.5 Lakhs - ₹14 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

58% more than the average Assistant Manager Operations Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Operations Salary 3 - 9 years exp. (9 salaries)	₹8.1 L/yr - ₹11.5 L/yr
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Finance & Accounting Assistant Manager Operations Salary 2 - 7 years exp. (4 salaries)	₹8.5 L/yr - ₹14 L/yr

Last Updated: 3 Mar 2024

Companies similar to Federal Bank for Assistant Manager Operations

Company name	Avg Annual Salary	Open Jobs
Axis Bank Assistant Manager Operations Salary 0 - 8 years exp. (367 salaries)	₹2.2 L/yr - ₹5 L/yr 66% less
HDFC Bank Assistant Manager Operations Salary 2 - 11 years exp. (250 salaries)	₹2 L/yr - ₹7 L/yr 65% less
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ICICI Bank Assistant Manager Operations Salary 1 - 8 years exp. (199 salaries)	₹2.4 L/yr - ₹5.5 L/yr 64% less
Kotak Mahindra Bank Assistant Manager Operations Salary 0 - 6 years exp. (193 salaries)	₹1.9 L/yr - ₹4.2 L/yr 70% less
Yes Bank Assistant Manager Operations Salary 1 - 9 years exp. (81 salaries)	₹3 L/yr - ₹6.3 L/yr 59% less
IDFC FIRST Bank Assistant Manager Operations Salary 1 - 7 years exp. (65 salaries)	₹2.6 L/yr - ₹5.3 L/yr 60% less
IndusInd Bank Assistant Manager Operations Salary 1 - 8 years exp. (64 salaries)	₹1.9 L/yr - ₹4.2 L/yr 69% less
Bandhan Bank Assistant Manager Operations Salary 1 - 7 years exp. (57 salaries)	₹2.3 L/yr - ₹5.1 L/yr 67% less
RBL Bank Assistant Manager Operations Salary 1 - 9 years exp. (44 salaries)	₹2.3 L/yr - ₹6.5 L/yr 57% less
Utkarsh Small Finance Bank Assistant Manager Operations Salary 0 - 8 years exp. (39 salaries)	₹2.5 L/yr - ₹4.3 L/yr 70% less
Jana Small Finance Bank Assistant Manager Operations Salary 2 - 11 years exp. (29 salaries)	₹2.2 L/yr - ₹5.5 L/yr 64% less
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Standard Chartered Assistant Manager Operations Salary 4 - 15 years exp. (22 salaries)	₹4.3 L/yr - ₹16.5 L/yr 16% less
City Union Bank Assistant Manager Operations Salary 3 - 12 years exp. (22 salaries)	₹5 L/yr - ₹9.6 L/yr 32% less
Karur Vysya Bank Assistant Manager Operations Salary 4 - 11 years exp. (13 salaries)	₹6 L/yr - ₹13 L/yr 14% less
IDBI Bank Assistant Manager Operations Salary 0 - 16 years exp. (11 salaries)	₹5 L/yr - ₹12.5 L/yr 14% less
HSBC Global Banking and Markets Assistant Manager Operations Salary 3 - 16 years exp. (10 salaries)	₹5.3 L/yr - ₹12 L/yr 23% less
Ujjivan Small Finance Bank Assistant Manager Operations Salary 5 - 14 years exp. (8 salaries)	₹3 L/yr - ₹7 L/yr 48% less
Canara Bank Assistant Manager Operations Salary 0 - 10 years exp. (5 salaries)	₹5.6 L/yr - ₹13 L/yr 12% less
Barclays Investment Bank Assistant Manager Operations Salary 7 - 10 years exp. (4 salaries)	₹6.3 L/yr - ₹10.7 L/yr 22% less
Shinhan Bank Assistant Manager Operations Salary 1 - 4 years exp. (4 salaries)	₹2.9 L/yr - ₹5.1 L/yr 63% less

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Assistant Manager Operations salary at Federal Bank ranges between ₹7.5 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 21 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Assistant Manager Operations

10mo ago

₹9 Lakhs

2 years exp.

10mo ago

₹8 Lakhs

2 years exp.

1y ago

₹10.5 Lakhs

4 years exp.

1y ago

₹11.5 Lakhs

8 years exp.

1y ago

₹10.1 Lakhs

4 years exp.

1y ago

7 years exp.

1y ago

5 years exp.

1y ago

3 years exp.

1y ago

4 years exp.

1y ago

8 years exp.

Experience wise Federal Bank Assistant Manager Operations salaries

Last Updated: 3 Mar 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹16.7 L/yr
1 year (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
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2 years (3 salaries)	₹8 L/yr - ₹17.7 L/yr
3 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹10.8 L/yr
4 years (4 salaries)	₹8.1 L/yr - ₹12 L/yr
5 years (3 salaries)	₹10 L/yr - ₹12.5 L/yr
6 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹19.7 L/yr
7 years (3 salaries)	₹11 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹10 L/yr - ₹21.2 L/yr
10 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
11 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
12 years (AmbitionBox Estimate)	₹5 L/yr - ₹13.4 L/yr

View all

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Salary related reviews for Federal Bank

4.4

Rated by 11 employees for salary & benefits

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

Probationary Officer in Nashik

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Oct 2023

4.0

for Salary and Benefits

Likes

It will pay you well but at the same time you won't be having time to spend that money.

Salary - Good

+1 more

Dislikes

As mentioned, there is no work life balance. You will be having plenty of unused leaves. But still you will not be allowed to take one. Due to shortage of working staff, you will be overburdened. Sales pressure will be there.

Skill development - Bad

+2 more

Probationary Officer in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 06 Apr 2023

3.0

for Salary and Benefits

Likes

If you are lucky enough you will get to work with a very good set of colleagues who will be like family and will extend help in all possible ways. But this experience varies from branch to brach. Don't expect it beforehand

Job security - Good

Dislikes

...e work pressure with no appraisal or appreciation. Terrible in case of postings. Will make you work 10-12 hrs a day with same salary and increasing targets.

Skill development - Bad

+4 more

Junior Officer in Tamil Nadu

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Jul 2023

3.0

for Salary and Benefits

Likes

There is nothing much to like about the work

Job security - Good

Dislikes

...from the branch head will be a big task. We need to beg them for own own leave. There is no growth, just as a fresher the salary is good and freshers do come looking for the salary, but there is no career growth or future in the role. There will be so much of pressure from higher authorities to achieve the targets. Whatever it is always number matters . People do forget that there are other banks where the competition is very high. There is no work life balance too There is always pressure from higher authorities rather even they could put their efforts to achieve their targets Bank employees should beg the customers for loan , insurance . Pls change the culture of banking.. Worst culture and i could also give negative ratings if there was so.

Skill development - Bad

+4 more

Probationary Officer (working remotely)

Full Time

Branch Banking Department

2.0

• posted on 17 Dec 2022

4.0

for Salary and Benefits

Likes

+ Salary is higher than the competitors. + Job Security.

Salary - Good

+1 more

Dislikes

+ Company culture is not progressive. + HR policies are not complied with at the branch level. + Job description doesn't match with the responsibilities in reality. + Reporting managers verbally abuses if assigned daily targets aren't met. + Should sell Ageas Federal insurance policies monthly. + Inefficient Sales funnel & poorly equipped functional strategy.

Skill development - Bad

+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 Manager Operations Salary FAQs

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

The average salary of a Assistant Manager Operations at Federal Bank in India typically ranges from ₹7.5 Lakhs to ₹14.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Assistant Manager Operations at Federal Bank earn more than ₹12.8 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Assistant Manager Operations 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 20+ Federal Bank employees in India.

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

The estimated take-home salary of a Assistant Manager Operations at Federal Bank in India typically ranges from ₹78,306 to ₹80,341 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 20+ 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 Operations in companies similar to Federal Bank in India?

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

Central Bank of India	₹8.0 Lakhs to ₹13.0 Lakhs per year
Canara Bank	₹5.6 Lakhs to ₹13.0 Lakhs per year
IDBI Bank	₹5.0 Lakhs to ₹12.5 Lakhs per year
Karur Vysya Bank	₹6.0 Lakhs to ₹13.0 Lakhs per year
Standard Chartered	₹4.3 Lakhs to ₹16.5 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 Operations at Federal Bank in India?

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

Experience	Average Salary Range
Fresher	₹7.5 Lakhs to ₹16.7 Lakhs per year
1 year	₹8.6 Lakhs to ₹11.0 Lakhs per year
2 years	₹8.0 Lakhs to ₹17.7 Lakhs per year
3 years	₹9.1 Lakhs to ₹10.8 Lakhs per year

and so on.

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Federal Bank Assistant Manager Operations Salaries

Federal Bank Assistant Manager Operations salary in India ranges between ₹7.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Federal Bank latest salaries received from various employees of Federal Bank.