Federal Bank Mumbai Credit Manager Salaries by 30+ Employees (Updated 2025)

2 - 12 years exp.

₹11 Lakhs - ₹19 Lakhs

Salary of majority employees

96% more than the average Credit Manager Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 2 - 12 years exp. (18 salaries)	₹11 L/yr - ₹18.8 L/yr
Risk Management & Compliance Credit Manager Salary 2 - 12 years exp. (4 salaries)	₹13 L/yr - ₹17.5 L/yr
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Finance & Accounting Credit Manager Salary 2 - 5 years exp. (3 salaries)	₹12 L/yr - ₹15.8 L/yr
Product Management Credit Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹16.6 L/yr - ₹19 L/yr

Last Updated: 28 Aug 2024

Companies similar to Federal Bank for Credit Manager in Mumbai

Federal Bank Credit Manager Salary

2 - 12 years exp. (33 salaries)

₹11 L/yr - ₹19 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Manager Salary 12 - 14 years exp. (6 salaries)	₹12 L/yr - ₹27 L/yr 29% more
ICICI Bank Credit Manager Salary 0 - 11 years exp. (563 salaries)	₹4.3 L/yr - ₹15.2 L/yr 37% less	1 job opening
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HDFC Bank Credit Manager Salary 0 - 12 years exp. (445 salaries)	₹4 L/yr - ₹14 L/yr 44% less	3 job openings
Axis Bank Credit Manager Salary 0 - 12 years exp. (144 salaries)	₹4.7 L/yr - ₹14.9 L/yr 42% less
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (243 salaries)	₹3.6 L/yr - ₹14 L/yr 44% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (73 salaries)	₹4.6 L/yr - ₹14.1 L/yr 46% less
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (210 salaries)	₹3 L/yr - ₹13 L/yr 51% less
IndusInd Bank Credit Manager Salary 3 - 12 years exp. (34 salaries)	₹3.6 L/yr - ₹11 L/yr 51% less	6 job openings
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr 2% more
Bank of Baroda Credit Manager Salary 4 - 12 years exp. (26 salaries)	₹8 L/yr - ₹22 L/yr 5% more
RBL Bank Credit Manager Salary 1 - 11 years exp. (28 salaries)	₹3 L/yr - ₹11.7 L/yr 58% less
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Bandhan Bank Credit Manager Salary 1 - 9 years exp. (13 salaries)	₹3.5 L/yr - ₹9.8 L/yr 56% less
IDBI Bank Credit Manager Salary 3 - 17 years exp. (12 salaries)	₹12 L/yr - ₹24.8 L/yr 22% more
Utkarsh Small Finance Bank Credit Manager Salary 4 - 9 years exp. (11 salaries)	₹3.9 L/yr - ₹7.6 L/yr 64% less	3 job openings
Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	₹2.4 L/yr - ₹9 L/yr 68% less
Karur Vysya Bank Credit Manager Salary 4 - 11 years exp. (8 salaries)	₹7 L/yr - ₹16 L/yr 33% less
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 12% less
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹18.6 L/yr 13% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 1% less
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 37% less

Credit Manager salary at Federal Bank ranges between ₹11 Lakhs to ₹19 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 33 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Credit Manager salaries in Mumbai

Last Updated: 28 Aug 2024

Experience	Avg Annual Salary
2 years (5 salaries)	₹11 L/yr - ₹17.5 L/yr
3 years (6 salaries)	₹12.5 L/yr - ₹16.5 L/yr
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4 years (3 salaries)	₹13 L/yr - ₹18 L/yr
5 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹19 L/yr
6 years (AmbitionBox Estimate)	₹15 L/yr - ₹19 L/yr
7 years (AmbitionBox Estimate)	₹15 L/yr - ₹19 L/yr
8 years (4 salaries)	₹12 L/yr - ₹28.6 L/yr
9 years (AmbitionBox Estimate)	₹11 L/yr - ₹28.8 L/yr
10 years (3 salaries)	₹12 L/yr - ₹18 L/yr
11 years (3 salaries)	₹12 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹18.8 L/yr

View all

Similar Designation salaries in Federal Bank

Credit Analyst Salary

(20 salaries)

₹8 L/yr - ₹19 L/yr

Credit Officer Salary

(8 salaries)

₹4.68 L/yr - ₹16 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

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.

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 Vice President in Thiruvananthapuram

Customer Success, Service & Operations Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

...ing.If we are deserving n performing well ,we will be noticed by the higher ups.Fair appraisals and good compensation n allowances also.

Dislikes

Top management decisions and policies are not conveyed to field level employees n we feel aliens at times.There should be a platform where one can raise a concern directly to a top leader.

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,

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

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

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

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Federal Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at Federal Bank Mumbai?

Credit Manager salary at Federal Bank in Mumbai ranges between ₹11.0 Lakhs to ₹19.0 Lakhs for experience between 2 years to 12 years. According to our estimates it is 96% more than the average Credit Manager Salary in India. Salary estimates are based on 33 latest salaries received from various employees of Federal Bank Mumbai.

How does the salary of a Credit Manager at Federal Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at Federal Bank is 96% more than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Federal Bank to a Credit Manager in Mumbai?

State Bank of India Credit Manager Salary - ₹12.0 Lakhs to ₹27.0 Lakhs per year
IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹24.8 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹18.6 Lakhs per year
Bank of Baroda Credit Manager Salary - ₹8.0 Lakhs to ₹22.0 Lakhs per year
Punjab National Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to Federal Bank in Mumbai?

Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India Credit Manager Salary - ₹11.4 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank Credit Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Credit Manager Salary - ₹4.3 Lakhs to ₹15.2 Lakhs per year

What is the estimated take home salary of a Credit Manager at Federal Bank in Mumbai?

The estimated take-home salary of a Credit Manager at Federal Bank ranges between ₹1,08,324 per month to ₹1,11,315 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Credit Manager salary in India which ranges between ₹11.0 Lakhs to ₹19.0 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Federal Bank in Mumbai?

According to AmbitionBox, 95% of the Federal Bank Credit Managers in Mumbai reported a notice period of 3 Months, 5% reported a notice period of More than 3 months.This is based on 20 responses on AmbitionBox in last 2 years.

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Federal Bank Credit Manager Salaries in Mumbai

Federal Bank Credit Manager salary in Mumbai ranges between ₹11 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 Federal Bank latest salaries received from various employees of Federal Bank.