Federal Bank Mumbai Senior Manager Salaries by 40+ Employees (Updated 2025)

6 - 14 years exp.

₹12 Lakhs - ₹30 Lakhs

Salary of majority employees

Fixed (92%)

₹21.5 Lakhs

Variable (8%)

₹1.9 Lakh

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9% more than the average Senior Manager Salary in Banking Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 12 years exp. (19 salaries)	Unlock ₹12 L/yr - ₹28 L/yr
Finance & Accounting Senior Manager Salary 8 - 14 years exp. (6 salaries)	Unlock ₹15 L/yr - ₹25 L/yr
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Risk Management & Compliance Senior Manager Salary 11 years exp. (AmbitionBox Estimate)	Unlock ₹18 L/yr - ₹23.7 L/yr
Customer Success, Service & Operations Senior Manager Salary 14 years exp. (AmbitionBox Estimate)	Unlock ₹18.6 L/yr - ₹22.6 L/yr
Sales & Business Development Senior Manager Salary 6 years exp. (AmbitionBox Estimate)	Unlock ₹24 L/yr - ₹25 L/yr

Last Updated: 11 Feb 2025

Companies similar to Federal Bank for Senior Manager in Mumbai

Federal Bank Senior Manager Salary

6 - 14 years exp. (44 salaries)

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₹12 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Senior Manager Salary 7 - 15 years exp. (20 salaries)	Unlock ₹9 L/yr - ₹35 L/yr 6% less
ICICI Bank Senior Manager Salary 1 - 19 years exp. (642 salaries)	Unlock ₹9.3 L/yr - ₹27.5 L/yr 24% less
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HDFC Bank Senior Manager Salary 3 - 21 years exp. (2.3k salaries)	Unlock ₹8 L/yr - ₹28 L/yr 32% less
Axis Bank Senior Manager Salary 2 - 21 years exp. (2k salaries)	Unlock ₹8.9 L/yr - ₹28 L/yr 27% less	1 job opening
Kotak Mahindra Bank Senior Manager Salary 1 - 19 years exp. (1.4k salaries)	Unlock ₹5.5 L/yr - ₹23.5 L/yr 44% less
Yes Bank Senior Manager Salary 2 - 18 years exp. (964 salaries)	Unlock ₹6.5 L/yr - ₹22 L/yr 45% less
IDFC FIRST Bank Senior Manager Salary 2 - 18 years exp. (573 salaries)	Unlock ₹7 L/yr - ₹26.5 L/yr 34% less
IndusInd Bank Senior Manager Salary 6 - 18 years exp. (150 salaries)	Unlock ₹5.3 L/yr - ₹20 L/yr 46% less
RBL Bank Senior Manager Salary 1 - 17 years exp. (334 salaries)	Unlock ₹6.5 L/yr - ₹20 L/yr 45% less
Punjab National Bank Senior Manager Salary 7 - 13 years exp. (25 salaries)	Unlock ₹11.2 L/yr - ₹36.3 L/yr 6% less
Union Bank of India Senior Manager Salary 8 - 15 years exp. (76 salaries)	Unlock ₹9 L/yr - ₹32 L/yr 6% less
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Standard Chartered Senior Manager Salary 7 - 17 years exp. (48 salaries)	Unlock ₹11 L/yr - ₹44 L/yr 7% more
Bandhan Bank Senior Manager Salary 6 - 17 years exp. (28 salaries)	Unlock ₹7.4 L/yr - ₹18 L/yr 46% less
Canara Bank Senior Manager Salary 8 - 14 years exp. (22 salaries)	Unlock ₹12 L/yr - ₹28 L/yr 2% less
Central Bank of India Senior Manager Salary 7 - 14 years exp. (21 salaries)	Unlock ₹12.1 L/yr - ₹25 L/yr 6% less
Jana Small Finance Bank Senior Manager Salary 6 - 17 years exp. (16 salaries)	Unlock ₹4.9 L/yr - ₹12 L/yr 58% less
UCO Bank Senior Manager Salary 9 - 13 years exp. (13 salaries)	Unlock ₹16 L/yr - ₹30 L/yr 9% less
Karur Vysya Bank Senior Manager Salary 9 - 16 years exp. (8 salaries)	Unlock ₹15 L/yr - ₹20 L/yr 25% less
Corporation Bank Senior Manager Salary 7 - 12 years exp. (4 salaries)	Unlock ₹7 L/yr - ₹18 L/yr 47% less

Senior Manager salary at Federal Bank ranges between ₹12 Lakhs to ₹30 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 44 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Senior Manager in Mumbai

1mo ago

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9 years exp.

1mo ago

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8 years exp.

1mo ago

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6 years exp.

3mo ago

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12 years exp.

5mo ago

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14 years exp.

6mo ago

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14 years exp.

6mo ago

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7 years exp.

8mo ago

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6 years exp.

1y ago

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8 years exp.

1y ago

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11 years exp.

Experience wise Federal Bank Senior Manager salaries in Mumbai

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹9.4 L/yr - ₹25.3 L/yr
7 years (4 salaries)	Unlock ₹16 L/yr - ₹26 L/yr
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8 years (8 salaries)	Unlock ₹12 L/yr - ₹25 L/yr
9 years (7 salaries)	Unlock ₹15 L/yr - ₹30 L/yr
10 years (10 salaries)	Unlock ₹14 L/yr - ₹23.5 L/yr
11 years (7 salaries)	Unlock ₹18 L/yr - ₹42.1 L/yr
12 years (3 salaries)	Unlock ₹18 L/yr - ₹28 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹21 L/yr - ₹26.8 L/yr
14 years (3 salaries)	Unlock ₹18.6 L/yr - ₹25 L/yr

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From

Senior Manager

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6 - 15 years exp.

Associate Vice President

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7 - 15 years exp.

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

Territory Manager Salary

(6 salaries)

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₹15 L/yr - ₹16 L/yr

Marketing Manager Salary

(3 salaries)

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₹15 L/yr - ₹16 L/yr

Salary related reviews for Federal Bank

4.6

Rated by 7 employees for salary & benefits

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

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.

Salary - Good

+3 more

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 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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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 Senior Manager Salary FAQs

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

Senior Manager salary at Federal Bank in Mumbai ranges between ₹12.0 Lakhs to ₹30.0 Lakhs for experience between 6 years to 14 years. According to our estimates it is 9% more than the average Senior Manager Salary in India. Salary estimates are based on 44 latest salaries received from various employees of Federal Bank Mumbai.

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

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

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

Standard Chartered Senior Manager Salary - ₹11.0 Lakhs to ₹44.0 Lakhs per year

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

Canara Bank Senior Manager Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
Union Bank of India Senior Manager Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
Central Bank of India Senior Manager Salary - ₹12.1 Lakhs to ₹25.0 Lakhs per year
State Bank of India Senior Manager Salary - ₹9.0 Lakhs to ₹35.0 Lakhs per year
Punjab National Bank Senior Manager Salary - ₹11.2 Lakhs to ₹36.3 Lakhs per year

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

The estimated take-home salary of a Senior Manager at Federal Bank ranges between ₹1,49,906 per month to ₹1,55,547 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Senior Manager salary in India which ranges between ₹12.0 Lakhs to ₹30.0 Lakhs per year for employees with experience between 6 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 95% of the Federal Bank Senior Managers in Mumbai reported a notice period of 3 Months, 5% reported a notice period of 1 Month.This is based on 20 responses on AmbitionBox in last 2 years.

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Federal Bank Senior Manager Salaries in Mumbai

Federal Bank Senior Manager salary in Mumbai ranges between ₹12 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 44 Federal Bank latest salaries received from various employees of Federal Bank.