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Federal Bank Assistant Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 8 years exp.
₹7 Lakhs - ₹18.5 Lakhs
Salary of majority employees
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64% more than the average Assistant Manager Salary in Banking Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
2 - 8 years exp. (33 salaries)
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₹8.1 L/yr - ₹18.5 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 5 years exp. (17 salaries)
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₹7 L/yr - ₹18 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
1 - 5 years exp. (6 salaries)
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₹9 L/yr - ₹18 L/yr

Marketing & Communication
Assistant Manager Salary
2 - 5 years exp. (5 salaries)
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₹9 L/yr - ₹17 L/yr

Sales & Business Development
Assistant Manager Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹13 L/yr - ₹14 L/yr

View all

Last Updated: 17 Feb 2025

Companies similar to Federal Bank for Assistant Manager in Mumbai

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Federal Bank Assistant Manager Salary

0 - 8 years exp. (102 salaries)

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₹7 L/yr - ₹18.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Assistant Manager Salary

0 - 8 years exp. (1.6k salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 70% less
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HDFC Bank Assistant Manager Salary

0 - 10 years exp. (1.6k salaries)

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₹1.8 L/yr - ₹7 L/yr

arrow icon 71% less
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Axis Bank Assistant Manager Salary

0 - 10 years exp. (2.5k salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 70% less
2 job openings
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Kotak Mahindra Bank Assistant Manager Salary

0 - 9 years exp. (3.5k salaries)

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₹1 L/yr - ₹5 L/yr

arrow icon 75% less
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State Bank of India Assistant Manager Salary

0 - 10 years exp. (75 salaries)

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₹6.5 L/yr - ₹20 L/yr

arrow icon 3% less
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Bank of Baroda Assistant Manager Salary

4 - 12 years exp. (32 salaries)

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₹6 L/yr - ₹19 L/yr

arrow icon 7% less
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Punjab National Bank Assistant Manager Salary

1 - 11 years exp. (6 salaries)

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₹6.5 L/yr - ₹12 L/yr

arrow icon 31% less
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Canara Bank Assistant Manager Salary

3 - 10 years exp. (25 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 10% less
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IndusInd Bank Assistant Manager Salary

0 - 10 years exp. (575 salaries)

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₹1.5 L/yr - ₹6.2 L/yr

arrow icon 71% less
1 job opening
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Yes Bank Assistant Manager Salary

0 - 10 years exp. (847 salaries)

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₹2.4 L/yr - ₹6.6 L/yr

arrow icon 67% less
1 job opening
View all
Assistant Manager salary at Federal Bank ranges between ₹7 Lakhs to ₹18.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 102 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Assistant Manager in Mumbai

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Experience wise Federal Bank Assistant Manager salaries in Mumbai

Last Updated: 17 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹5.2 L/yr - ₹16.5 L/yr
1 year  (5 salaries)

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₹7 L/yr - ₹16 L/yr
2 years  (29 salaries)

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₹7 L/yr - ₹15 L/yr
3 years  (29 salaries)

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₹7 L/yr - ₹18.5 L/yr
4 years  (15 salaries)

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₹8 L/yr - ₹18 L/yr
View all
Federal Bank Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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0 - 10 years exp.

Associate Vice President

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7 - 15 years exp.

Assistant Manager

0 - 10 years exp.
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Manager

3 - 12 years exp.
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arrow icon 30% hike

Senior Manager

6 - 15 years exp.
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arrow icon 43% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Federal Bank

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₹2 L/yr - ₹3.37 L/yr
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Salary related reviews for Federal Bank

4.8

Rated by 13 employees for salary & benefits

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

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 04 Jan 2024

5.0
 for  Salary and Benefits

Likes

...ere are lots of certification courses and examination and higher study facility. If one can manages to study while working , and pass the exams , there will be increment in salary and the chances of promotion gets better . However , the promotion / appraisal is very structured. Every after 3 years and above are eligible for promotion and the probation period after promotion is 1 year. But , if one is dedicated, the career trajectory can be very good and one can actually retire from federal bank with lots of perks and benefits.

read more
  • Salary - Excellent
  • +2 more

Dislikes

There are different department in Federal Bank and different types of hierarchy. However, to change your department from branch to zonal office , or retail loan to forex headquarters etc is very difficult and almost based on constant request to HR or based out of pure luck. Every year , there will be transfer of your position and that might not be the scenario for change in your department. So one's career in the federal bank can be very upscaling and upward moving , however for someone who's struggling with location switch , might be very challenging.

read more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 30 Nov 2023

4.0
 for  Salary and Benefits

Likes

Only the salary and benefits

  • Salary - Good

Dislikes

Here one doesn't get promotion on how well they have performed in developing new business or operational works etc, here ppl get promotion based on the contact and other personal benefits

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 09 Apr 2023

5.0
 for  Salary and Benefits

Likes

Job security, salary and benefits

  • Salary - Excellent
  • +1 more

Dislikes

HR deployment is the worst. It is not transparent. They don't consider talents. You may be forced to work in completely irrelevant roles even You are specialized in a particular field. HR is not concerned about learning and development. They just need a person to fill a vacancy. Worst HR policies.

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Nov 2022

5.0
 for  Salary and Benefits

Likes

Salary and allowances

  • Salary - Excellent
  • +2 more

Dislikes

The company work culture that promoted only persons doing insurance. Very pathetic appraisal system that relied solely on the immediete reporting officers oral comments than my work. Worst part is getting labled as arrogant when you try to explain your concerns to higher ups

read more
  • Skill development - Poor
  • +3 more
see more salary related reviews

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Federal Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Federal Bank Mumbai?
Assistant Manager salary at Federal Bank in Mumbai ranges between ₹7.0 Lakhs to ₹18.5 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 64% more than the average Assistant Manager Salary in India. Salary estimates are based on 102 latest salaries received from various employees of Federal Bank Mumbai.
How does the salary of a Assistant Manager at Federal Bank Mumbai compare with the average salary range for this job?
The average salary of a Assistant Manager at Federal Bank is 64% more than the average salary of a Assistant Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Federal Bank to a Assistant Manager in Mumbai?
  • Emirates NBD Assistant Manager Salary - ₹14.5 Lakhs to ₹30.8 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Federal Bank in Mumbai?
  • State Bank of India Assistant Manager Salary - ₹6.5 Lakhs to ₹20.0 Lakhs per year
  • Bank of India Assistant Manager Salary - ₹8.0 Lakhs to ₹14.5 Lakhs per year
  • Bank of Baroda Assistant Manager Salary - ₹6.0 Lakhs to ₹19.0 Lakhs per year
  • IDBI Bank Assistant Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
  • Barclays Investment Bank Assistant Manager Salary - ₹8.0 Lakhs to ₹13.4 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Federal Bank in Mumbai?
The estimated take-home salary of a Assistant Manager at Federal Bank ranges between ₹95,539 per month to ₹98,117 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Assistant Manager salary in India which ranges between ₹7.0 Lakhs to ₹18.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Federal Bank in Mumbai?
According to AmbitionBox, 57% of the Federal Bank Assistant Managers in Mumbai reported a notice period of 3 Months, 19% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 42 responses on AmbitionBox in last 2 years.

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Federal Bank Assistant Manager salary in Mumbai ranges between ₹7 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 102 Federal Bank latest salaries received from various employees of Federal Bank.

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