HDFC Bank Mumbai Associate Manager Salaries by 10 Employees (Updated 2025)

1 - 11 years exp.

₹3.2 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

75% less than the average Associate Manager Salary in Banking Companies for 1 - 11 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Associate Manager Salary 4 - 11 years exp. (4 salaries)	₹3.7 L/yr - ₹5 L/yr
Risk Management & Compliance Associate Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹4.5 L/yr
Login to view exact salary
Customer Success, Service & Operations Associate Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.7 L/yr
Sales & Business Development Associate Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr

Last Updated: 8 Mar 2025

Companies similar to HDFC Bank for Associate Manager in Mumbai

HDFC Bank Associate Manager Salary

1 - 11 years exp. (10 salaries)

₹3.2 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Associate Manager Salary 0 - 10 years exp. (477 salaries)	₹1.9 L/yr - ₹7 L/yr 4% less	17 job openings
IDFC FIRST Bank Associate Manager Salary 0 - 5 years exp. (29 salaries)	₹2.4 L/yr - ₹7 L/yr 18% less	3 job openings
Login to view exact salary
Kotak Mahindra Bank Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹3 L/yr - ₹5.1 L/yr 14% less
Yes Bank Associate Manager Salary 3 - 9 years exp. (10 salaries)	₹3.2 L/yr - ₹6.5 L/yr 7% less
ICICI Bank Associate Manager Salary 0 - 6 years exp. (6 salaries)	₹2.2 L/yr - ₹3.6 L/yr 17% less
RBL Bank Associate Manager Salary 3 - 4 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 17% less
HSBC Global Banking and Markets Associate Manager Salary 10 - 12 years exp. (3 salaries)	₹13.5 L/yr - ₹17.2 L/yr 251% more

Associate Manager salary at HDFC Bank ranges between ₹3.2 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 10 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Associate Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
4 years (4 salaries)	₹3.2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
11 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in HDFC Bank

Project Manager Salary

(75 salaries)

₹6 L/yr - ₹23 L/yr

Software Engineer Salary

(51 salaries)

₹2.93 L/yr - ₹14.18 L/yr

Technical Manager Salary

(8 salaries)

₹5.65 L/yr - ₹11 L/yr

Technical Lead Salary

(6 salaries)

₹18.5 L/yr - ₹31.5 L/yr

Senior Engineer Salary

(5 salaries)

₹7.8 L/yr - ₹16.5 L/yr

Module Lead Salary

(3 salaries)

₹7.8 L/yr - ₹13.4 L/yr

Salary related reviews for HDFC Bank

5.0

Rated by 1 employees for salary & benefits

Associate Manager (working remotely)

Full Time

Finance & Accounting Department

5.0

• posted on 08 Oct 2024

5.0

for Salary and Benefits

Likes

strong brand reputation, good career growth opportunities, supportive work environment, competitive salary and benefits

Salary - Excellent

+6 more

Dislikes

intense work pressure, poor work-life balance, micromanagement, outdated systems, high sales targets, a competitive and sometimes stressful work culture

Project Manager in Lucknow

Full Time

Construction & Site Engineering Department

2.0

• posted on 28 Oct 2023

1.0

for Salary and Benefits

Likes

Salary on time

Dislikes

No transparent guidelines for sick leave and other necessary thinks like transfer payouts and many more. Your have to seek support for each and everything from your supervisor and always be thankful to him. Either he/she support you or not. Because you don't know your rights about such things.

Salary - Bad

+5 more

Senior Software Engineer in Bangalore / Bengaluru

Contractual

Engineering - Software & QA Department

1.0

• posted on 29 Aug 2024

1.0

for Salary and Benefits

Likes

Good tech stack Deep domain knowledge

Dislikes

Contract permanent employee partiality Non rational thinking managers Vendors should work like donkeys while permanent staff is chilling Most permanent staff are not good at their work Top management never hear about vendor employee concerns Many permanent staff is being paid hell of salary for no reason. HDFC should seriously consider vendors contribution at work and should do less pampering for permanent employees. Many managers have no idea what is happening in the project

Salary - Bad

+6 more

Team Lead in Chandigarh

Two wheeler finance Department

1.0

• posted on 09 Apr 2018

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...and six month as a team leader but for them employees are not worth in any mean. They refused to give salary certificate and that's why I joined some other bank and there I get minimum package coz I don't have any salary details. I've got very bad experience here and am not going to suggest any one to work with hdfc under quantum. And our RSM Mr. Subhrandu medda he is hippocrit and culprit he hired females in good package even they don't have any knowledge. I really hate that guy.

Salary - Bad

+6 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 25 Mar 2025

2.0

for Salary and Benefits

Likes

Don't have anything to like here

Dislikes

No Work life balance here No opportunity for skill development. No proper salary hike If you and family suffering from anything and u not providing proper productivity due any issue then don't have job security.

Salary - Poor

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about HDFC Bank

View All

dhineshkumarr

works at

HDFC Bank

Seeking Advice for Banking Jobs

Hi Guys, I have 7 years experience in the banking sector. Currently looking for a job change, also applying for a job since January 2025, still i'm not getting interview calls/emails. Currently checking jobs in Linkedin, Naukri, Glassdoor, Indeed and Shine. Please advise guys how to get a call for the interview ??

Got a question about HDFC Bank?

Ask anonymously on communities.

HDFC Bank Associate Manager Salary FAQs

What is the salary of Associate Manager at HDFC Bank in Mumbai?

The average salary of a Associate Manager at HDFC Bank in Mumbai typically ranges from ₹3.2 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Associate Manager in Mumbai at HDFC Bank earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Associate Manager Salaries at HDFC 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 10 HDFC Bank employees in India.

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

The estimated take-home salary of a Associate Manager at HDFC Bank in Mumbai typically ranges from ₹31,694 to ₹32,983 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 1 year to 11 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 10 salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Bank for Associate Manager in India?

HSBC Global Banking and Markets

₹13.5 Lakhs to ₹17.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Bank, depending on the role and experience level.

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

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

IndusInd Bank	₹1.9 Lakhs to ₹7.0 Lakhs per year
Yes Bank	₹3.2 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindra Bank	₹3.0 Lakhs to ₹5.1 Lakhs per year
RBL Bank	₹3.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank	₹2.2 Lakhs to ₹3.6 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 Associate Manager at HDFC Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹4.0 Lakhs to ₹5.1 Lakhs per year
2 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
3 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
4 years	₹3.2 Lakhs to ₹5.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDFC Bank Salaries >
HDFC Bank Associate Manager Salaries >
HDFC Bank Associate Manager Salaries in Mumbai

HDFC Bank Associate Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 HDFC Bank latest salaries received from various employees of HDFC Bank.