Federal Bank Senior Manager Credit Salaries by 10+ Employees (Updated 2024)

3 - 14 years exp.

₹14 Lakhs - ₹22 Lakhs

Salary of majority employees

44% more than the average Senior Manager Credit Salary in Banking Companies for 3 - 14 years of experience

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Last Updated: 24 Oct 2024

Companies similar to Federal Bank for Senior Manager Credit

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Credit Salary 4 - 12 years exp. (309 salaries)	₹6 L/yr - ₹21 L/yr 28% less	1 job opening
ICICI Bank Senior Manager Credit Salary 2 - 8 years exp. (148 salaries)	₹7 L/yr - ₹22.8 L/yr 25% less
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Axis Bank Senior Manager Credit Salary 5 - 13 years exp. (110 salaries)	₹7 L/yr - ₹23.3 L/yr 16% less
State Bank of India Senior Manager Credit Salary 8 - 13 years exp. (5 salaries)	₹14 L/yr - ₹23 L/yr 14% less
Kotak Mahindra Bank Senior Manager Credit Salary 2 - 11 years exp. (391 salaries)	₹7 L/yr - ₹16 L/yr 37% less
IndusInd Bank Senior Manager Credit Salary 3 - 10 years exp. (16 salaries)	₹8 L/yr - ₹17.6 L/yr 36% less
Yes Bank Senior Manager Credit Salary 4 - 13 years exp. (186 salaries)	₹6.7 L/yr - ₹17 L/yr 35% less
IDFC FIRST Bank Senior Manager Credit Salary 2 - 12 years exp. (78 salaries)	₹6.3 L/yr - ₹16 L/yr 43% less
RBL Bank Senior Manager Credit Salary 1 - 15 years exp. (18 salaries)	₹10 L/yr - ₹15 L/yr 40% less
Bandhan Bank Senior Manager Credit Salary 5 - 8 years exp. (13 salaries)	₹8.8 L/yr - ₹20.9 L/yr 21% less
Union Bank of India Senior Manager Credit Salary 6 - 14 years exp. (50 salaries)	₹10.9 L/yr - ₹27.5 L/yr 9% more
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Jana Small Finance Bank Senior Manager Credit Salary 5 - 10 years exp. (34 salaries)	₹3.1 L/yr - ₹12 L/yr 63% less
Canara Bank Senior Manager Credit Salary 6 - 13 years exp. (26 salaries)	₹12.1 L/yr - ₹28 L/yr 11% more
Karur Vysya Bank Senior Manager Credit Salary 4 - 14 years exp. (11 salaries)	₹12 L/yr - ₹18.5 L/yr 25% less
Central Bank of India Senior Manager Credit Salary 5 - 12 years exp. (7 salaries)	₹13 L/yr - ₹22 L/yr 12% less
Ujjivan Small Finance Bank Senior Manager Credit Salary 7 - 11 years exp. (6 salaries)	₹4.5 L/yr - ₹9.4 L/yr 59% less
Corporation Bank Senior Manager Credit Salary 9 - 17 years exp. (6 salaries)	₹11 L/yr - ₹18 L/yr 21% less
Utkarsh Small Finance Bank Senior Manager Credit Salary 7 - 9 years exp. (4 salaries)	₹6.5 L/yr - ₹12.9 L/yr 52% less
UCO Bank Senior Manager Credit Salary 8 - 12 years exp. (4 salaries)	₹11 L/yr - ₹12.5 L/yr 40% less
IDBI Bank Senior Manager Credit Salary 11 - 12 years exp. (3 salaries)	₹18 L/yr - ₹18 L/yr 7% less

Senior Manager Credit salary at Federal Bank ranges between ₹14 Lakhs to ₹22 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 14 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Senior Manager Credit salaries

Last Updated: 24 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹14 L/yr - ₹34.1 L/yr
4 years (AmbitionBox Estimate)	₹15 L/yr - ₹34.2 L/yr
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5 years (AmbitionBox Estimate)	₹16 L/yr - ₹34.4 L/yr
6 years (AmbitionBox Estimate)	₹16 L/yr - ₹34.6 L/yr
7 years (AmbitionBox Estimate)	₹17.4 L/yr - ₹22.2 L/yr
8 years (AmbitionBox Estimate)	₹15 L/yr - ₹34.9 L/yr
9 years (AmbitionBox Estimate)	₹18 L/yr - ₹35.1 L/yr
10 years (AmbitionBox Estimate)	₹14 L/yr - ₹22 L/yr
11 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹35.4 L/yr
12 years (AmbitionBox Estimate)	₹15 L/yr - ₹20 L/yr
13 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹35.8 L/yr
14 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹35.9 L/yr

View all

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Salary related reviews for Federal Bank

3.3

Rated by 2 employees for salary & benefits

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.

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

Self Employed Professional in Rajkot

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 30 May 2024

4.0

for Salary and Benefits

Likes

One thing I like is that the salary comes on time. And others allowance.

Dislikes

There are many things that are not good in the bank. Like work time 'starting from 9:45 every morning and have no idea when to come back almost 12 hours work everyday. Thus the employee's private life remains nothing. Neither he can take time for himself nor can he give time to his family. Another thing is that he does not give transfer near the employee's house. He does not understand anyone's situation. Due to such an environment, the employee becomes frustrated and prone to leave the job. It is requested to think about the employee and take a good solution for not hiding from the site after reading the review. And do not discriminate between male and female employees regarding office time and transfer.

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Federal Bank Senior Manager Credit Salary FAQs

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

Senior Manager Credit salary at Federal Bank in India ranges between ₹14.0 Lakhs to ₹22.0 Lakhs for experience between 3 years to 14 years. According to our estimates it is 44% more than the average Senior Manager Credit Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Federal Bank India.

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

The average salary of a Senior Manager Credit at Federal Bank is 44% more than the average salary of a Senior Manager Credit in India. To know exact salary insights, login to view.

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

Canara Bank Senior Manager Credit Salary - ₹12.1 Lakhs to ₹28.0 Lakhs per year
Union Bank of India Senior Manager Credit Salary - ₹10.9 Lakhs to ₹27.5 Lakhs per year

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

IDBI Bank Senior Manager Credit Salary - ₹18.0 Lakhs to ₹18.0 Lakhs per year
Central Bank of India Senior Manager Credit Salary - ₹13.0 Lakhs to ₹22.0 Lakhs per year
State Bank of India Senior Manager Credit Salary - ₹14.0 Lakhs to ₹23.0 Lakhs per year
Axis Bank Senior Manager Credit Salary - ₹7.0 Lakhs to ₹23.3 Lakhs per year
Bandhan Bank Senior Manager Credit Salary - ₹8.8 Lakhs to ₹20.9 Lakhs per year

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

The estimated take-home salary of a Senior Manager Credit at Federal Bank ranges between ₹1,28,781 per month to ₹1,33,206 per month in India. The take-home salary calculation is based on the average Federal Bank Senior Manager Credit salary in India which ranges between ₹14.0 Lakhs to ₹22.0 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 91% of the Federal Bank Senior Manager Credits reported a notice period of 3 Months, 9% reported a notice period of 2 Months.This is based on 11 responses on AmbitionBox in last 2 years.

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Federal Bank Senior Manager Credit Salaries

Federal Bank Senior Manager Credit salary in India ranges between ₹14 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Federal Bank latest salaries received from various employees of Federal Bank.