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HDFC Bank Manager M1 salaries in India (Updated 2025)

Annual salary range
6 - 14 years exp.
₹5 Lakhs - ₹13.3 Lakhs
Salary of majority employees
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28% less than the average Manager M1 Salary in Banking Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
6 - 14 years exp. (46 salaries)
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₹6 L/yr - ₹12.9 L/yr

Customer Success, Service & Operations
Manager M1 Salary
6 - 14 years exp. (27 salaries)
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₹5.2 L/yr - ₹10 L/yr

Sales & Business Development
Manager M1 Salary
6 - 12 years exp. (25 salaries)
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₹5.9 L/yr - ₹12.1 L/yr

Finance & Accounting
Manager M1 Salary
6 - 14 years exp. (22 salaries)
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₹5.5 L/yr - ₹10.5 L/yr

Last Updated: 21 Mar 2025

Companies similar to HDFC Bank for Manager M1

Company name Avg Annual Salary Open Jobs
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ICICI Bank Manager M1 Salary

1 - 17 years exp. (2k salaries)

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₹4.5 L/yr - ₹16 L/yr

arrow icon 23% more
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Axis Bank Manager M1 Salary

5 - 13 years exp. (162 salaries)

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₹4.4 L/yr - ₹10.6 L/yr

arrow icon 8% less
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IndusInd Bank Manager M1 Salary

4 - 11 years exp. (46 salaries)

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₹3.5 L/yr - ₹8.8 L/yr

arrow icon 23% less
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IDFC FIRST Bank Manager M1 Salary

4 - 12 years exp. (44 salaries)

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₹5 L/yr - ₹9.5 L/yr

arrow icon 13% less
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Kotak Mahindra Bank Manager M1 Salary

2 - 12 years exp. (44 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 28% less
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Yes Bank Manager M1 Salary

1 - 13 years exp. (35 salaries)

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₹5.5 L/yr - ₹10.1 L/yr

arrow icon 10% less
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RBL Bank Manager M1 Salary

4 - 17 years exp. (19 salaries)

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₹5.7 L/yr - ₹11.9 L/yr

arrow icon 9% less
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Bandhan Bank Manager M1 Salary

9 - 13 years exp. (10 salaries)

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₹7.2 L/yr - ₹9.5 L/yr

arrow icon 1% less
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IDBI Bank Manager M1 Salary

5 - 14 years exp. (5 salaries)

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₹13.5 L/yr - ₹20 L/yr

arrow icon 112% more
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Karur Vysya Bank Manager M1 Salary

6 - 12 years exp. (5 salaries)

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₹6 L/yr - ₹9 L/yr

arrow icon 13% less
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Jana Small Finance Bank Manager M1 Salary

10 - 16 years exp. (4 salaries)

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₹6 L/yr - ₹6.5 L/yr

arrow icon 28% less
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Ujjivan Small Finance Bank Manager M1 Salary

5 - 13 years exp. (4 salaries)

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₹4.5 L/yr - ₹6.2 L/yr

arrow icon 36% less
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State Bank of India Manager M1 Salary

10 - 14 years exp. (3 salaries)

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₹20 L/yr - ₹36 L/yr

arrow icon 211% more
Manager M1 salary at HDFC Bank ranges between ₹5 Lakhs to ₹13.3 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 140 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Manager M1

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10 years exp.
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9 years exp.
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11 years exp.
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8 years exp.
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14 years exp.
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13 years exp.
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9 years exp.
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Experience wise HDFC Bank Manager M1 salaries

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
6 years  (14 salaries)

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₹5.2 L/yr - ₹9.3 L/yr
7 years  (14 salaries)

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₹6 L/yr - ₹10 L/yr
8 years  (28 salaries)

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₹5 L/yr - ₹10 L/yr
9 years  (30 salaries)

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₹6 L/yr - ₹12.9 L/yr
10 years  (18 salaries)

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₹6.4 L/yr - ₹12.1 L/yr
View all

Similar Designation salaries in HDFC Bank

Team Manager Salary
(341 salaries)
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₹3.85 L/yr - ₹14.33 L/yr
Area Manager Salary
(76 salaries)
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₹5.7 L/yr - ₹20.03 L/yr
Store Manager Salary
(8 salaries)
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₹5.5 L/yr - ₹20 L/yr
Team Lead Salary
(217 salaries)
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₹1.1 L/yr - ₹8.61 L/yr
Branch Manager Salary
(1.7k salaries)
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₹6.53 L/yr - ₹23 L/yr
Deputy Manager Salary
(15.1k salaries)
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₹2 L/yr - ₹10.03 L/yr
Program Manager Salary
(31 salaries)
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₹8.5 L/yr - ₹28.95 L/yr
Project Manager Salary
(178 salaries)
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₹5.17 L/yr - ₹19.66 L/yr
Cluster Manager Salary
(30 salaries)
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₹6.83 L/yr - ₹20 L/yr
Service Manager Salary
(71 salaries)
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₹2.52 L/yr - ₹9.5 L/yr

Salary related reviews for HDFC Bank

3.7

Rated by 25 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 17 Apr 2023

2.0
 for  Salary and Benefits

Likes

...3 hour job and lots of abusive culture Even BM and cluster team not supportive .only salary credited on time .

read more

Dislikes

Everything is pathetic ,toxic culture not to join. Late working hour No work-life balance Poor infrastructure Sales presuer huge

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 15 Feb 2025

2.0
 for  Salary and Benefits

Likes

Brand value and future leaders in banking ,

Dislikes

Internal Politics, no understand on employee struggles ,no job security, less salary in the market ,always think about bank profits ,no human values ,no caring of employees , no much digitalization comparing to other banks , No leaves ,huge pressure eon every employee for tgts , need huge profits with less man power, No happiness at working with bank .only need of the hour for employees

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 09 Feb 2025

2.0
 for  Salary and Benefits

Likes

1.Good brand value in market. 2.Variety of products.

  • Skill development - Good
  • +1 more

Dislikes

1. They demands multiple products to sell at same time. 2. Senior managers are taking very high salary with less productive and ideas and they just do 2-3 hrs concall with staffs every day. 3. Unwanted pressure on so many things.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 04 Dec 2024

3.0
 for  Salary and Benefits

Likes

Only job security. Salary on time. Work life balance is depends on manager.

read more
  • Skill development - Good
  • +1 more

Dislikes

Excessive work load, it ruin week end and late night so it hardly impact on work life balance. Poor management (Depends on vertical). Poisonous politics. Unpractical deadlines. At join they told its hybrid but after few months manager ruling to come everyday. Bad infrastructure, office and internet services.

read more
  • Promotions - Poor
  • +3 more
see more salary related reviews

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HDFC Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at HDFC Bank ?
The average salary of a Manager M1 at HDFC Bank in India typically ranges from ₹5.0 Lakhs to ₹13.3 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Manager M1 at HDFC Bank earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹12.9 Lakhs per year. Manager M1 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 100+ HDFC Bank employees in India.
What is the estimated take home salary of a Manager M1 at HDFC Bank in India?
The estimated take-home salary of a Manager M1 at HDFC Bank in India typically ranges from ₹61,345 to ₹62,899 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹13.3 Lakhs per year for employees with experience ranging from 6 years to 14 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 100+ 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 Manager M1 in India?
State Bank of India ₹20.0 Lakhs to ₹36.0 Lakhs per year
IDBI Bank ₹13.5 Lakhs to ₹20.0 Lakhs per year
ICICI Bank ₹4.5 Lakhs to ₹16.0 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 Manager M1 in companies similar to HDFC Bank in India?
The salary of a Manager M1 at companies similar to HDFC Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bandhan Bank ₹7.2 Lakhs to ₹9.5 Lakhs per year
Axis Bank ₹4.4 Lakhs to ₹10.6 Lakhs per year
RBL Bank ₹5.7 Lakhs to ₹11.9 Lakhs per year
Yes Bank ₹5.5 Lakhs to ₹10.1 Lakhs per year
Karur Vysya Bank ₹6.0 Lakhs to ₹9.0 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 Manager M1 at HDFC Bank in India?
The salary growth for a Manager M1 at HDFC Bank depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
6 years ₹5.2 Lakhs to ₹9.3 Lakhs per year
7 years ₹6.0 Lakhs to ₹10.0 Lakhs per year
8 years ₹5.0 Lakhs to ₹10.0 Lakhs per year
9 years ₹6.0 Lakhs to ₹12.9 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Bank Manager M1 salary in India ranges between ₹5 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 140 HDFC Bank latest salaries received from various employees of HDFC Bank.