HDFC Bank Mumbai Associate Manager Salaries by 8 Employees (Updated 2025)

1 - 6 years exp.

₹3.2 Lakhs - ₹5 Lakhs

Salary of majority employees

77% less than the average Associate Manager Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Manager Salary 4 years exp. (3 salaries)	₹3.7 L/yr - ₹5 L/yr
Risk Management & Compliance Associate Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.1 L/yr
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Customer Success, Service & Operations Associate Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.8 L/yr

Last Updated: 1 Feb 2025

Companies similar to HDFC Bank for Associate Manager in Mumbai

HDFC Bank Associate Manager Salary

1 - 6 years exp. (8 salaries)

₹3.2 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Associate Manager Salary 0 - 6 years exp. (8 salaries)	₹2.2 L/yr - ₹4 L/yr 8% less
Kotak Mahindra Bank Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹3 L/yr - ₹5.1 L/yr 13% less
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Standard Chartered Associate Manager Salary 3 - 16 years exp. (54 salaries)	₹5.5 L/yr - ₹15.5 L/yr 145% more
Yes Bank Associate Manager Salary 3 - 9 years exp. (10 salaries)	₹3.2 L/yr - ₹6.5 L/yr At par
IDFC FIRST Bank Associate Manager Salary 0 - 6 years exp. (28 salaries)	₹2.4 L/yr - ₹7 L/yr 9% less	3 job openings
RBL Bank Associate Manager Salary 3 - 4 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 9% less
IndusInd Bank Associate Manager Salary 0 - 10 years exp. (469 salaries)	₹1.9 L/yr - ₹6.8 L/yr 4% more
HSBC Global Banking and Markets Associate Manager Salary 10 - 12 years exp. (3 salaries)	₹13.5 L/yr - ₹17.2 L/yr 285% more

Associate Manager salary at HDFC Bank ranges between ₹3.2 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Associate Manager salaries in Mumbai

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
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3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
4 years (4 salaries)	₹3.2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.1 L/yr

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Similar Designation salaries in HDFC Bank

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Technical Lead Salary

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Senior Engineer Salary

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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

Brach Operation Manager in Kota

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 26 Jan 2025

1.0

for Salary and Benefits

Likes

Only customer focused company

Work-life balance - Good

Dislikes

Bank is too good but it's depends on seniors. There is no timely promotions and salary hike, HR is totally dependend on higher level management. Bank is hiring staff from outside on higher package but not promotint our internal staff. There is no value of knowleehe

Salary - Bad

+1 more

see more salary related reviews

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What people are saying about HDFC Bank

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spellbindingmint

works at

HDFC Bank

I got offer from Infosys as associate consultant and currently working as Wealth manager for HDFC bank. Is job security there in Infosys?

The scenario is here in HDFC, they are forcing us to join operations team and reducing our salary from 14lpa to 8.5lpa. While Infosys is offering 10.5lpa. What should I do as I think the in hand salary will be similar in both the companies. Worried about job security in Infosys.

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HDFC Bank Associate Manager Salary FAQs

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

Associate Manager salary at HDFC Bank in Mumbai ranges between ₹3.2 Lakhs to ₹5.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 77% less than the average Associate Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of HDFC Bank Mumbai.

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

The average salary of a Associate Manager at HDFC Bank is 77% less than the average salary of a Associate Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Bank to a Associate Manager in Mumbai?

HSBC Global Banking and Markets Associate Manager Salary - ₹13.5 Lakhs to ₹17.2 Lakhs per year
Standard Chartered Associate Manager Salary - ₹5.5 Lakhs to ₹15.5 Lakhs per year
IndusInd Bank Associate Manager Salary - ₹1.9 Lakhs to ₹6.8 Lakhs per year

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

Yes Bank Associate Manager Salary - ₹3.2 Lakhs to ₹6.5 Lakhs per year
ICICI Bank Associate Manager Salary - ₹2.2 Lakhs to ₹4.0 Lakhs per year
RBL Bank Associate Manager Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
IDFC FIRST Bank Associate Manager Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
Kotak Mahindra Bank Associate Manager Salary - ₹3.0 Lakhs to ₹5.1 Lakhs per year

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 ranges between ₹28,729 per month to ₹30,112 per month in Mumbai. The take-home salary calculation is based on the average HDFC Bank Associate Manager salary in India which ranges between ₹3.2 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Associate Manager at HDFC Bank in Mumbai?

According to AmbitionBox, 75% of the HDFC Bank Associate Managers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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HDFC Bank Associate Manager Salaries in Mumbai

HDFC Bank Associate Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDFC Bank latest salaries received from various employees of HDFC Bank.