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Federal Bank Associate salaries in Mumbai

Annual salary range
1 - 4 years exp.
₹5 Lakhs - ₹8 Lakhs
Salary of majority employees
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17% less than the average Associate Salary in Banking Companies for 1 - 4 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Associate Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7 L/yr

Customer Success, Service & Operations
Associate Salary
1 - 3 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7 L/yr

Last Updated: 14 Oct 2024

Companies similar to Federal Bank for Associate in Mumbai

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Federal Bank Associate Salary

1 - 4 years exp. (8 salaries)

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₹5 L/yr - ₹8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Associate Salary

0 - 7 years exp. (342 salaries)

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₹1.4 L/yr - ₹4.2 L/yr

arrow icon 62% less
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IDFC FIRST Bank Associate Salary

0 - 7 years exp. (324 salaries)

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₹1.6 L/yr - ₹4.9 L/yr

arrow icon 52% less
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Standard Chartered Associate Salary

1 - 13 years exp. (56 salaries)

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₹10 L/yr - ₹35 L/yr

arrow icon 207% more
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ICICI Bank Associate Salary

0 - 5 years exp. (25 salaries)

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₹1.4 L/yr - ₹5.1 L/yr

arrow icon 56% less
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HDFC Bank Associate Salary

0 - 6 years exp. (21 salaries)

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₹1.9 L/yr - ₹7.8 L/yr

arrow icon 53% less
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Axis Bank Associate Salary

0 - 8 years exp. (17 salaries)

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₹2.1 L/yr - ₹5 L/yr

arrow icon 46% less
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Yes Bank Associate Salary

1 - 8 years exp. (10 salaries)

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₹2.5 L/yr - ₹4.9 L/yr

arrow icon 47% less
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IndusInd Bank Associate Salary

2 - 6 years exp. (4 salaries)

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₹3 L/yr - ₹3.5 L/yr

arrow icon 52% less
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RBL Bank Associate Salary

2 - 6 years exp. (3 salaries)

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₹2 L/yr - ₹3.3 L/yr

arrow icon 55% less
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₹8.6 L/yr - ₹17.3 L/yr

arrow icon 84% more
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Barclays Investment Bank Associate Salary

7 - 9 years exp. (3 salaries)

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₹6.3 L/yr - ₹16.5 L/yr

arrow icon 55% more
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Emirates NBD Associate Salary

7 - 9 years exp. (3 salaries)

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₹9.5 L/yr - ₹10.6 L/yr

arrow icon 55% more
Associate salary at Federal Bank ranges between ₹5 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 8 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Associate in Mumbai

5mo ago
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3 years exp.
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4 years exp.
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Experience wise Federal Bank Associate salaries in Mumbai

Last Updated: 14 Oct 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹5.2 L/yr - ₹11.4 L/yr
2 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹11.6 L/yr
3 years  (3 salaries)

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₹6 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)

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₹5 L/yr - ₹12 L/yr
Federal Bank Associate Salary and Career Growth

From

To

Associate

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0 - 7 years exp.

Associate Vice President

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7 - 15 years exp.

Associate

0 - 7 years exp.
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Assistant Manager

0 - 9 years exp.
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arrow icon 97% hike

Manager

3 - 12 years exp.
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arrow icon 29% 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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₹22 L/yr - ₹37 L/yr
Officer Salary
(32 salaries)
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₹7.5 L/yr - ₹15 L/yr
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₹6 L/yr - ₹15 L/yr
Product Manager Salary
(10 salaries)
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₹12 L/yr - ₹17 L/yr
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₹29 L/yr - ₹35 L/yr

Salary related reviews for Federal Bank

4.3

Rated by 3 employees for salary & benefits

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

read more
  • Skill development - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 19 Apr 2024

4.0
 for  Salary and Benefits

Likes

Salary is very good, job security and culture is better than other private banks

read more
  • Salary - Good
  • +2 more

Dislikes

Won’t get transfers easily, some managers can be very disrespectful. No work life balance especially when it comes to leaves for personal needs

read more
  • Company culture - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 15 Feb 2023

4.0
 for  Salary and Benefits

Likes

Great salary & benefits

  • Salary - Good
  • +2 more

Dislikes

no promotions need an awful exam to get promotion The people who have performance also need to pass exam no relevance in performance traditional in some parts even if you PG u have to pass an awful exam

read more
  • Promotions - Poor

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

read more

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

read more
  • Salary - Poor
  • +6 more

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
see more salary related reviews

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Federal Bank Associate Salary FAQs

What is the salary of Associate at Federal Bank in Mumbai?
The average salary of a Associate at Federal Bank in Mumbai typically ranges from ₹5.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Associate in Mumbai at Federal Bank earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Associate 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 8 Federal Bank employees in India.
What is the estimated take home salary of a Associate at Federal Bank in Mumbai?
The estimated take-home salary of a Associate at Federal Bank in Mumbai typically ranges from ₹50,502 to ₹51,694 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 4 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 8 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 Associate in India?
Standard Chartered ₹10.0 Lakhs to ₹35.0 Lakhs per year
HSBC Global Banking and Markets ₹8.6 Lakhs to ₹17.3 Lakhs per year
Barclays Investment Bank ₹6.3 Lakhs to ₹16.5 Lakhs per year
Emirates NBD ₹9.5 Lakhs to ₹10.6 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 Associate in companies similar to Federal Bank in Mumbai?
The salary of a Associate at companies similar to Federal Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹2.1 Lakhs to ₹5.0 Lakhs per year
Yes Bank ₹2.5 Lakhs to ₹4.9 Lakhs per year
IDFC FIRST Bank ₹1.6 Lakhs to ₹4.9 Lakhs per year
IndusInd Bank ₹3.0 Lakhs to ₹3.5 Lakhs per year
HDFC Bank ₹1.9 Lakhs to ₹7.8 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 Associate at Federal Bank in Mumbai?
The salary growth for a Associate at Federal Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at Federal Bank:

Experience Average Salary Range
1 year ₹5.2 Lakhs to ₹11.4 Lakhs per year
2 years ₹6.1 Lakhs to ₹11.6 Lakhs per year
3 years ₹6.0 Lakhs to ₹8.0 Lakhs per year
4 years ₹5.0 Lakhs to ₹12.0 Lakhs per year
and so on.

Tell us how to improve this page.

Federal Bank Associate salary in Mumbai ranges between ₹5 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Federal Bank latest salaries received from various employees of Federal Bank.