Federal Bank IT Manager Salaries by 4 Employees (Updated 2025)

4 - 11 years exp.

₹9 Lakhs - ₹16 Lakhs

Low Confidence

Salary of majority employees

25% less than the average IT Manager Salary in Banking Companies for 4 - 11 years of experience

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Salaries in different departments

Engineering - Software & QA IT Manager Salary 4 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹17.6 L/yr
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IT & Information Security IT Manager Salary 8 years exp. (AmbitionBox Estimate)	₹11.9 L/yr - ₹14.6 L/yr

Last Updated: 5 Feb 2025

Companies similar to Federal Bank for IT Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank IT Manager Salary 1 - 11 years exp. (109 salaries)	₹5.5 L/yr - ₹20.8 L/yr 16% more
Axis Bank IT Manager Salary 1 - 12 years exp. (70 salaries)	₹9.7 L/yr - ₹18 L/yr 37% more
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RBL Bank IT Manager Salary 1 - 9 years exp. (56 salaries)	₹5.2 L/yr - ₹15.5 L/yr 5% more
IndusInd Bank IT Manager Salary 5 - 12 years exp. (31 salaries)	₹5.2 L/yr - ₹22.5 L/yr 23% more	7 job openings
Canara Bank IT Manager Salary 4 - 12 years exp. (27 salaries)	₹9 L/yr - ₹22 L/yr 55% more
Bandhan Bank IT Manager Salary 5 - 12 years exp. (21 salaries)	₹3.5 L/yr - ₹12.3 L/yr 29% less
IDFC FIRST Bank IT Manager Salary 4 - 14 years exp. (21 salaries)	₹6.1 L/yr - ₹19.5 L/yr 22% more
Utkarsh Small Finance Bank IT Manager Salary 6 - 15 years exp. (17 salaries)	₹6.2 L/yr - ₹13.5 L/yr 6% less
Kotak Mahindra Bank IT Manager Salary 4 - 15 years exp. (19 salaries)	₹9 L/yr - ₹18.5 L/yr 25% more
ICICI Bank IT Manager Salary 0 - 13 years exp. (13 salaries)	₹9 L/yr - ₹21.2 L/yr 33% more
Central Bank of India IT Manager Salary 1 - 14 years exp. (12 salaries)	₹8 L/yr - ₹17.3 L/yr 18% more
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IDBI Bank IT Manager Salary 3 - 10 years exp. (9 salaries)	₹12 L/yr - ₹22 L/yr 64% more
Union Bank of India IT Manager Salary 5 - 10 years exp. (8 salaries)	₹8.4 L/yr - ₹14 L/yr 4% more
Karur Vysya Bank IT Manager Salary 10 - 16 years exp. (8 salaries)	₹10 L/yr - ₹18.5 L/yr 21% more
Standard Chartered IT Manager Salary 14 - 18 years exp. (6 salaries)	₹19 L/yr - ₹28 L/yr 119% more
Yes Bank IT Manager Salary 1 - 2 years exp. (5 salaries)	₹16.5 L/yr - ₹18 L/yr 60% more
Ujjivan Small Finance Bank IT Manager Salary 3 - 14 years exp. (5 salaries)	₹8.4 L/yr - ₹18.4 L/yr 29% more
UCO Bank IT Manager Salary 6 - 9 years exp. (5 salaries)	₹8.5 L/yr - ₹14 L/yr 2% more
J&K Bank IT Manager Salary 8 - 20 years exp. (4 salaries)	₹4.4 L/yr - ₹15 L/yr At par
City Union Bank IT Manager Salary 14 - 16 years exp. (3 salaries)	₹13.5 L/yr - ₹17.2 L/yr 44% more

IT Manager salary at Federal Bank ranges between ₹9 Lakhs to ₹16 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank IT Manager salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
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9 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

Similar Designation salaries in Federal Bank

Deputy Manager Salary

(6 salaries)

₹6.55 L/yr - ₹13.42 L/yr

Project Manager Salary

(5 salaries)

₹11 L/yr - ₹15 L/yr

Team Lead Salary

(11 salaries)

₹3.39 L/yr - ₹4.2 L/yr

Analyst Salary

(5 salaries)

₹3.62 L/yr - ₹13 L/yr

Operations Manager Salary

(10 salaries)

₹5 L/yr - ₹16 L/yr

Devops Engineer Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Senior Analyst Salary

(4 salaries)

₹14 L/yr - ₹21 L/yr

System Engineer Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Software Engineer Salary

(6 salaries)

₹2 L/yr - ₹9 L/yr

Senior Associate Salary

(6 salaries)

₹6.8 L/yr - ₹9.5 L/yr

Salary related reviews for Federal Bank

5.0

Rated by 1 employees for salary & benefits

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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Federal Bank IT Manager Salary FAQs

What is the salary of IT Manager at Federal Bank ?

The average salary of a IT Manager at Federal Bank in India typically ranges from ₹9.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of IT Manager at Federal Bank earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. IT Manager 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 4 Federal Bank employees in India.

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

The estimated take-home salary of a IT Manager at Federal Bank in India typically ranges from ₹75,137 to ₹77,083 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 4 years to 11 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 4 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 IT Manager in India?

Standard Chartered	₹19.0 Lakhs to ₹28.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
Yes Bank	₹16.5 Lakhs to ₹18.0 Lakhs per year
Canara Bank	₹9.0 Lakhs to ₹22.0 Lakhs per year
City Union Bank	₹13.5 Lakhs to ₹17.2 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 IT Manager in companies similar to Federal Bank in India?

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

Axis Bank	₹9.7 Lakhs to ₹18.0 Lakhs per year
ICICI Bank	₹9.0 Lakhs to ₹21.2 Lakhs per year
Ujjivan Small Finance Bank	₹8.4 Lakhs to ₹18.4 Lakhs per year
Kotak Mahindra Bank	₹9.0 Lakhs to ₹18.5 Lakhs per year
IndusInd Bank	₹5.2 Lakhs to ₹22.5 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 IT Manager at Federal Bank in India?

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

Experience	Average Salary Range
8 years	₹10.7 Lakhs to ₹13.7 Lakhs per year
9 years	₹8.1 Lakhs to ₹10.3 Lakhs per year

and so on.

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Federal Bank IT Manager Salaries

Federal Bank IT Manager salary in India ranges between ₹9 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Federal Bank latest salaries received from various employees of Federal Bank.