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

3 - 12 years exp.

₹9 Lakhs - ₹23 Lakhs

Salary of majority employees

At par with 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)	₹9 L/yr - ₹23 L/yr
Finance & Accounting Manager Salary 4 - 8 years exp. (6 salaries)	₹9.3 L/yr - ₹18.8 L/yr
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Customer Success, Service & Operations Manager Salary 8 - 12 years exp. (4 salaries)	₹14 L/yr - ₹20 L/yr
Risk Management & Compliance Manager Salary 5 - 8 years exp. (4 salaries)	₹17 L/yr - ₹18.9 L/yr
Sales & Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹15.7 L/yr - ₹17.5 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)

₹9 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	₹5.2 L/yr - ₹17.5 L/yr 41% less
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 53% less
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Axis Bank Manager Salary 0 - 18 years exp. (1.7k salaries)	₹5.5 L/yr - ₹17.2 L/yr 41% less
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	₹6 L/yr - ₹22.4 L/yr 27% less
Yes Bank Manager Salary 0 - 17 years exp. (897 salaries)	₹4.3 L/yr - ₹16 L/yr 47% less
IndusInd Bank Manager Salary 0 - 16 years exp. (622 salaries)	₹3.4 L/yr - ₹12 L/yr 55% less
IDFC FIRST Bank Manager Salary 1 - 14 years exp. (489 salaries)	₹3.7 L/yr - ₹13 L/yr 50% less
RBL Bank Manager Salary 2 - 16 years exp. (296 salaries)	₹4.2 L/yr - ₹15.7 L/yr 48% less
IDBI Bank Manager Salary 6 - 17 years exp. (183 salaries)	₹9.2 L/yr - ₹29 L/yr 13% more
Standard Chartered Manager Salary 2 - 19 years exp. (137 salaries)	₹5.9 L/yr - ₹24.1 L/yr 17% less

View all

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.

Experience wise Federal Bank Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
3 years (4 salaries)	₹13.9 L/yr - ₹18.5 L/yr
4 years (7 salaries)	₹12 L/yr - ₹17 L/yr
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5 years (9 salaries)	₹11 L/yr - ₹23 L/yr
6 years (4 salaries)	₹9 L/yr - ₹23 L/yr
7 years (9 salaries)	₹9.3 L/yr - ₹18.5 L/yr
8 years (12 salaries)	₹10 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹15 L/yr - ₹31.4 L/yr
10 years (3 salaries)	₹13.4 L/yr - ₹20 L/yr
11 years (5 salaries)	₹15 L/yr - ₹21 L/yr
12 years (AmbitionBox Estimate)	₹14 L/yr - ₹32.1 L/yr

View all

From

Manager

₹

Lakhs/yr

3 - 12 years exp.

Associate Vice President

₹

Lakhs/yr

7 - 15 years exp.

Manager 3 - 12 years exp.

Senior Manager 6 - 15 years exp.

44% hike

Associate Vice President 7 - 15 years exp.

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

(30 salaries)

₹11 L/yr - ₹19 L/yr

Senior Analyst Salary

(3 salaries)

₹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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Federal Bank Manager Salary FAQs

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

The average salary of a Manager at Federal Bank in Mumbai typically ranges from ₹9.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Manager in Mumbai at Federal Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. 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 50+ Federal Bank employees in India.

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 in Mumbai typically ranges from ₹1,16,561 to ₹1,19,818 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 3 years to 12 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 50+ 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 Manager in India?

Emirates NBD	₹14.8 Lakhs to ₹40.0 Lakhs per year
IDBI Bank	₹9.2 Lakhs to ₹29.0 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 Manager in companies similar to Federal Bank in Mumbai?

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

Canara Bank	₹8.5 Lakhs to ₹25.0 Lakhs per year
Union Bank of India	₹7.0 Lakhs to ₹24.0 Lakhs per year
Karur Vysya Bank	₹7.0 Lakhs to ₹20.4 Lakhs per year
Karnataka Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
Standard Chartered	₹5.9 Lakhs to ₹24.1 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 Manager at Federal Bank in Mumbai?

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

Experience	Average Salary Range
3 years	₹13.9 Lakhs to ₹18.5 Lakhs per year
4 years	₹12.0 Lakhs to ₹17.0 Lakhs per year
5 years	₹11.0 Lakhs to ₹23.0 Lakhs per year
6 years	₹9.0 Lakhs to ₹23.0 Lakhs per year

and so on.

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.