Federal Bank Mumbai Manager Salaries by 50+ Employees (Updated 2025)

3 - 12 years exp.

₹9 Lakhs - ₹23 Lakhs

Salary of majority employees

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9% more than the average Manager Salary in Banking Companies for 3 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 3 - 11 years exp. (30 salaries)	Unlock ₹9 L/yr - ₹23 L/yr
Finance & Accounting Manager Salary 4 - 8 years exp. (6 salaries)	Unlock ₹9.3 L/yr - ₹18.8 L/yr
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Customer Success, Service & Operations Manager Salary 8 - 12 years exp. (4 salaries)	Unlock ₹14 L/yr - ₹20 L/yr
Risk Management & Compliance Manager Salary 5 - 8 years exp. (4 salaries)	Unlock ₹17 L/yr - ₹19 L/yr
Sales & Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹15.7 L/yr - ₹18.5 L/yr

Last Updated: 8 Mar 2025

Companies similar to Federal Bank for Manager in Mumbai

Federal Bank Manager Salary

3 - 12 years exp. (56 salaries)

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₹9 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Manager Salary 6 - 15 years exp. (93 salaries)	Unlock ₹9.5 L/yr - ₹40 L/yr 32% more
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	Unlock ₹6 L/yr - ₹22.1 L/yr 30% less
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HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	Unlock ₹4 L/yr - ₹15.3 L/yr 45% less
Axis Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	Unlock ₹5.5 L/yr - ₹17.2 L/yr 43% less
Kotak Mahindra Bank Manager Salary 0 - 15 years exp. (1.9k salaries)	Unlock ₹4 L/yr - ₹13 L/yr 55% less
IndusInd Bank Manager Salary 0 - 17 years exp. (627 salaries)	Unlock ₹3.4 L/yr - ₹13.5 L/yr 57% less
Yes Bank Manager Salary 0 - 17 years exp. (904 salaries)	Unlock ₹4.3 L/yr - ₹16 L/yr 50% less
Punjab National Bank Manager Salary 3 - 11 years exp. (16 salaries)	Unlock ₹7.2 L/yr - ₹22 L/yr 18% less
Bank of Baroda Manager Salary 5 - 14 years exp. (56 salaries)	Unlock ₹9 L/yr - ₹25 L/yr 1% less
Canara Bank Manager Salary 4 - 14 years exp. (57 salaries)	Unlock ₹8.5 L/yr - ₹25 L/yr 6% less

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Manager salary at Federal Bank ranges between ₹9 Lakhs to ₹23 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 56 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Manager in Mumbai

5d ago

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9 years exp.

2w ago

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3 years exp.

1mo ago

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6 years exp.

2mo ago

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8 years exp.

4mo ago

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10 years exp.

4mo ago

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8 years exp.

4mo ago

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11 years exp.

4mo ago

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6 years exp.

5mo ago

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5 years exp.

7mo ago

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5 years exp.

Experience wise Federal Bank Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
3 years (6 salaries)	Unlock ₹13.9 L/yr - ₹18.5 L/yr
4 years (7 salaries)	Unlock ₹12 L/yr - ₹31.5 L/yr
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5 years (9 salaries)	Unlock ₹11 L/yr - ₹23 L/yr
6 years (4 salaries)	Unlock ₹9 L/yr - ₹23 L/yr
7 years (9 salaries)	Unlock ₹9.3 L/yr - ₹18.5 L/yr
8 years (10 salaries)	Unlock ₹10 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹15 L/yr - ₹32.8 L/yr
10 years (3 salaries)	Unlock ₹13.4 L/yr - ₹20 L/yr
11 years (5 salaries)	Unlock ₹15 L/yr - ₹21 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹14 L/yr - ₹33.6 L/yr

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From

Manager

₹

Lakhs/yr

3 - 12 years exp.

Associate Vice President

₹

Lakhs/yr

7 - 15 years exp.

Manager 3 - 12 years exp.

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Senior Manager 6 - 15 years exp.

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43% hike

Associate Vice President 7 - 15 years exp.

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17% 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

Credit Manager Salary

(33 salaries)

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₹11 L/yr - ₹20 L/yr

Senior Analyst Salary

(3 salaries)

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₹14 L/yr - ₹21 L/yr

Salary related reviews for Federal Bank

2.3

Rated by 5 employees for salary & benefits

Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 08 Sep 2023

4.0

for Salary and Benefits

Likes

Good environment Cooperative department's Good salary A good amount of learning .

Salary - Good

+2 more

Dislikes

Late promotions Too much politics Gender biased in transfers(best place to work for women) Promotions only to those sitting in zonal offices and department's Branches are only to expolit and sending mails no support

Promotions - Poor

Manager (working remotely)

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jul 2023

5.0

for Salary and Benefits

Likes

Government pay structure and perks and benefits

Salary - Excellent

+1 more

Dislikes

All the banks in today's time are working as a insurance company and employees are working as agents. Federal bank was the best place to work when i joined but nowadays it is horrible working culture. Late sittings, selling insurance is a daily practice. Unrealistic targets for such a small work force is a new start.l

Work satisfaction - Poor

Manager in Mymbai

Finance & Accounting Department

1.0

• posted on 12 Apr 2021

3.0

for Salary and Benefits

Likes

Nothing as such. Seniors are bad and management is not at all transparent. Company HR policies are among the worst in industry.

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is extremely slow. Seniors are only there to misbehave and abuse, not to help you. There's a lot of back stabbing going on there.

Skill development - Bad

+4 more

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

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Federal Bank Manager Salary FAQs

What is the salary of Manager at Federal Bank Mumbai?

Manager salary at Federal Bank in Mumbai ranges between ₹9.0 Lakhs to ₹23.0 Lakhs for experience between 3 years to 12 years. According to our estimates it is 9% more than the average Manager Salary in India. Salary estimates are based on 56 latest salaries received from various employees of Federal Bank Mumbai.

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

The average salary of a Manager at Federal Bank is 9% more than the average salary of a Manager in Mumbai. To know exact salary insights, login to view.

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

Emirates NBD Manager Salary - ₹14.8 Lakhs to ₹40.0 Lakhs per year
State Bank of India Manager Salary - ₹9.5 Lakhs to ₹40.0 Lakhs per year
IDBI Bank Manager Salary - ₹9.2 Lakhs to ₹29.0 Lakhs per year

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

Bank of Baroda Manager Salary - ₹9.0 Lakhs to ₹25.0 Lakhs per year
Canara Bank Manager Salary - ₹8.5 Lakhs to ₹25.0 Lakhs per year
Standard Chartered Manager Salary - ₹7.2 Lakhs to ₹28.0 Lakhs per year
Union Bank of India Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
Indian Overseas Bank Manager Salary - ₹9.5 Lakhs to ₹19.0 Lakhs per year

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

The estimated take-home salary of a Manager at Federal Bank ranges between ₹1,21,025 per month to ₹1,24,426 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Manager salary in India which ranges between ₹9.0 Lakhs to ₹23.0 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 84% of the Federal Bank Managers in Mumbai reported a notice period of 3 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Federal Bank Manager salary in Mumbai ranges between ₹9 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 56 Federal Bank latest salaries received from various employees of Federal Bank.