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Federal Bank Salaries in Mumbai (Updated 2025)

based on 627 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Customer Success, Service & Operations Risk Management & Compliance + 6 more
Designation Avg Annual Salary Open Jobs
1 - 2 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.4 L/yr

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹13.1 L/yr - ₹16.7 L/yr

6 - 8 years exp. · Mumbai (AmbitionBox Estimate)
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₹5 L/yr - ₹5.1 L/yr

21 - 22 years exp. · Mumbai (AmbitionBox Estimate)
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₹84.6 L/yr - ₹93.5 L/yr

10 - 11 years exp. · Mumbai (AmbitionBox Estimate)
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₹11.3 L/yr - ₹14.4 L/yr

7 - 8 years exp. · Mumbai (AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

0 - 1 year exp. · Mumbai (AmbitionBox Estimate)
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₹0.1 L/yr - ₹0.2 L/yr

4 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.8 L/yr

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹20.3 L/yr - ₹25.9 L/yr

3 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹8.4 L/yr - ₹10.7 L/yr

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

30 years exp. · Mumbai (AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.2 L/yr

Fresher · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

15 years exp. · Mumbai (AmbitionBox Estimate)
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₹36.9 L/yr - ₹47.2 L/yr

3 years exp. · Mumbai (AmbitionBox Estimate)
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₹14.9 L/yr - ₹19 L/yr

12 years exp. · Mumbai (AmbitionBox Estimate)
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₹31.5 L/yr - ₹40.2 L/yr

Last Updated: 22 Mar, 2025

Salary related reviews for Federal Bank

4.1

Rated by 93 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 29 Apr 2022

4.0
 for  Salary and Benefits

Likes

Salary is good and on time .that's it.

  • Salary - Good

Dislikes

Orthodox culture. There is a lot of politics.though the vision is to be toppest bank of India the reality is they don't want to go outside Kerala. Probation period of 1Year and review every quarter. Position is given based on previous company salary not on the designation or overall experience. Also multi department report.Appraiser from one department and reviews frm another .

read more
  • Skill development - Bad
  • +2 more

Finance & Accounting Department

4.0
  •  posted on 11 Aug 2020

5.0
 for  Salary and Benefits

Likes

...traveling allowance for additional cost incurred while traveling under lockdown. We were allowed to work on rotational basis and were given additional pay for everyday branch attended during Covid.

read more
  • Salary - Excellent
  • +5 more

Finance & Accounting Department

4.0
  •  posted on 12 Dec 2019

5.0
 for  Salary and Benefits

Likes

Federal bank pays a very good package with comparison to other Banks. Very good scope for learning and development.

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  • Salary - Excellent
  • +4 more

Dislikes

With high level of job security, performance of some staff is abysmal. It discourages performers to perform as performers are only given recognition, no monetary benefits.

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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.

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  • Salary - Excellent
  • +5 more

Dislikes

The promotion process is subject to bias. Hands on training for new recruits can be improved.

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

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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

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  • Salary - Poor
  • +6 more
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Federal Bank Salary FAQs

How much does Federal Bank pay to its employees?
The average annual salary at Federal Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Federal Bank, are as follows:

Credit Processing Associate ₹2.3 Lakhs to ₹2.4 Lakhs per year
Portfolio Manager ₹13.1 Lakhs to ₹16.7 Lakhs per year
Deputy Relationship Manager ₹5 Lakhs to ₹5.1 Lakhs per year
Country Head ₹84.6 Lakhs to ₹93.5 Lakhs per year

The highest-paying role, Vice President, earns between ₹30 Lakhs to ₹55 Lakhs per year. The top 10% of employees earn more than ₹20 Lakhs per year, and the top 1% earn over ₹36 Lakhs per year. 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 salary estimates are based on data from 627 salaries submitted by Federal Bank employees. Federal Bank is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Federal Bank in Mumbai?
The salary of a fresher at Federal Bank in Mumbai typically ranges from ₹1 Lakh to ₹16 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Probationary Officer Salary ₹5.5 Lakhs to ₹16 Lakhs per year
Fresher as a Officer Salary ₹7.5 Lakhs to ₹16 Lakhs per year
Fresher as a Junior Officer Salary ₹7 Lakhs to ₹13 Lakhs per year
Fresher as a Relationship Manager Salary ₹2 Lakhs to ₹4 Lakhs per year

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Average annual salary in Federal Bank , Mumbai is INRunlock blur . Salary estimates are based on 627 Federal Bank latest salaries received from various employees of Federal Bank.

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