HDFC Bank Manager M1 Salaries by 100+ Employees (Updated 2025)

4 - 14 years exp.

₹5 Lakhs - ₹12.9 Lakhs

Salary of majority employees

28% less than the average Manager M1 Salary in Banking Companies for 4 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 4 - 14 years exp. (54 salaries)	₹5.8 L/yr - ₹12.9 L/yr
Sales & Business Development Manager M1 Salary 4 - 12 years exp. (31 salaries)	₹5.4 L/yr - ₹12.1 L/yr
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Customer Success, Service & Operations Manager M1 Salary 4 - 13 years exp. (29 salaries)	₹5.2 L/yr - ₹10.6 L/yr
Finance & Accounting Manager M1 Salary 4 - 14 years exp. (23 salaries)	₹5.5 L/yr - ₹10.4 L/yr
Procurement & Supply Chain Manager M1 Salary 5 - 12 years exp. (4 salaries)	₹7.5 L/yr - ₹10.5 L/yr

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Last Updated: 16 Jan 2025

Companies similar to HDFC Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.6k salaries)	₹4.5 L/yr - ₹17 L/yr 25% more
Axis Bank Manager M1 Salary 5 - 14 years exp. (155 salaries)	₹4.2 L/yr - ₹10.6 L/yr 6% less
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Kotak Mahindra Bank Manager M1 Salary 1 - 12 years exp. (45 salaries)	₹3 L/yr - ₹10 L/yr 31% less
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 9% more
Yes Bank Manager M1 Salary 1 - 12 years exp. (32 salaries)	₹5.5 L/yr - ₹10.1 L/yr 9% less
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (42 salaries)	₹5 L/yr - ₹9.5 L/yr 14% less
IndusInd Bank Manager M1 Salary 4 - 11 years exp. (43 salaries)	₹3.5 L/yr - ₹8.8 L/yr 24% less
RBL Bank Manager M1 Salary 4 - 17 years exp. (19 salaries)	₹5.7 L/yr - ₹11.9 L/yr 8% less
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (8 salaries)	₹7.2 L/yr - ₹9.5 L/yr At par
IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	₹13.5 L/yr - ₹20 L/yr 112% more
Jana Small Finance Bank Manager M1 Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹6.5 L/yr 25% less
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Ujjivan Small Finance Bank Manager M1 Salary 5 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.2 L/yr 36% less
Karur Vysya Bank Manager M1 Salary 6 - 12 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr 13% less

Manager M1 salary at HDFC Bank ranges between ₹5 Lakhs to ₹12.9 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 170 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Manager M1 salaries

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
4 years (12 salaries)	₹5.8 L/yr - ₹12 L/yr
5 years (15 salaries)	₹6 L/yr - ₹9.5 L/yr
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6 years (16 salaries)	₹5.2 L/yr - ₹9.3 L/yr
7 years (14 salaries)	₹6 L/yr - ₹10 L/yr
8 years (30 salaries)	₹5 L/yr - ₹10 L/yr
9 years (29 salaries)	₹6 L/yr - ₹12.9 L/yr
10 years (19 salaries)	₹6.4 L/yr - ₹12.1 L/yr
11 years (11 salaries)	₹5 L/yr - ₹9 L/yr
12 years (11 salaries)	₹6.1 L/yr - ₹10.5 L/yr
13 years (10 salaries)	₹6 L/yr - ₹11 L/yr
14 years (3 salaries)	₹7.6 L/yr - ₹9 L/yr

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Similar Designation salaries in HDFC Bank

Team Manager Salary

(299 salaries)

₹4.16 L/yr - ₹13 L/yr

Area Manager Salary

(78 salaries)

₹4.71 L/yr - ₹19.8 L/yr

Store Manager Salary

(3 salaries)

₹5.5 L/yr - ₹7.34 L/yr

Team Lead Salary

(269 salaries)

₹1 L/yr - ₹8.17 L/yr

Branch Manager Salary

(1.3k salaries)

₹6.25 L/yr - ₹26 L/yr

Deputy Manager Salary

(15.1k salaries)

₹1.95 L/yr - ₹8.3 L/yr

Program Manager Salary

(31 salaries)

₹7.22 L/yr - ₹29 L/yr

Project Manager Salary

(177 salaries)

₹5.16 L/yr - ₹16 L/yr

Cluster Manager Salary

(23 salaries)

₹8.2 L/yr - ₹20 L/yr

Service Manager Salary

(63 salaries)

₹3.45 L/yr - ₹9.5 L/yr

Salary related reviews for HDFC Bank

3.4

Rated by 22 employees for salary & benefits

Manager M1 in Jaipur

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 .

Dislikes

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

Assistant Vice President in Mumbai

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.

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.

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

5.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

All are good job security, work life balance, Job satisfaction, Skills and knowledge development, these are all is good

Dislikes

Salary is not good. This company is a few things restricted to incentive and bonus and employee service not good. I am not satisfaction. These are all not good

Deputy Manager in Bhopal

Full Time

Sales & Business Development Department

2.0

• posted on 09 Oct 2024

2.0

for Salary and Benefits

Likes

Salary comes on time.

Dislikes

There is no one in the bank to explain And the ones that are old, new people treat them differently, & Timing is a big issue, like coming to the bank is on time but leaving is not fixed And there is a lot more to write but it cannot be completed in one line

Operations Manager in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 28 Sep 2024

3.0

for Salary and Benefits

Likes

Salary is the only like

Dislikes

Work balance is there but no life. Extended hours of working even when you are not supposed to stay. Hr just a pacifier rather than problem solving or solution provided If you are single it will be a best place because you have no time to concentrate on the family

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What people are saying about HDFC Bank

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My current CTC is 480000 I have 7 years of sales experience but only in instrumentation fittings and valves .. reason for job switch is increment. I need minimum of 60k per month to survive. Any guidance any suggestion will b greatfull ... Please help

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HDFC Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at HDFC Bank?

Manager M1 salary at HDFC Bank in India ranges between ₹5.0 Lakhs to ₹12.9 Lakhs for experience between 4 years to 14 years. According to our estimates it is 28% less than the average Manager M1 Salary in India. Salary estimates are based on 170 latest salaries received from various employees of HDFC Bank India.

How does the salary of a Manager M1 at HDFC Bank India compare with the average salary range for this job?

The average salary of a Manager M1 at HDFC Bank is 28% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Bank to a Manager M1 in India?

IDBI Bank Manager M1 Salary - ₹13.5 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
Standard Chartered Manager M1 Salary - ₹6.9 Lakhs to ₹10.0 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year

What is the salary of a Manager M1 in companies similar to HDFC Bank in India?

Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹10.6 Lakhs per year
RBL Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.9 Lakhs per year
Yes Bank Manager M1 Salary - ₹5.5 Lakhs to ₹10.1 Lakhs per year
Karur Vysya Bank Manager M1 Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year
IDFC FIRST Bank Manager M1 Salary - ₹5.0 Lakhs to ₹9.5 Lakhs per year

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 ranges between ₹61,474 per month to ₹63,032 per month in India. The take-home salary calculation is based on the average HDFC Bank Manager M1 salary in India which ranges between ₹5.0 Lakhs to ₹12.9 Lakhs per year for employees with experience between 4 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at HDFC Bank?

According to AmbitionBox, 56% of the HDFC Bank Manager M1s reported a notice period of 3 Months, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 181 responses on AmbitionBox in last 2 years.

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HDFC Bank Manager M1 Salaries

HDFC Bank Manager M1 salary in India ranges between ₹5 Lakhs to ₹12.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 170 HDFC Bank latest salaries received from various employees of HDFC Bank.

HDFC Bank Manager M1 salaries in India

Companies similar to HDFC Bank for Manager M1

Latest annual salaries shared by HDFC Bank Manager M1

Experience wise HDFC Bank Manager M1 salaries

Similar Designation salaries in HDFC Bank

Salary related reviews for HDFC Bank

Manager M1 in Jaipur

Assistant Vice President in Mumbai

Deputy Manager in Chennai

Deputy Manager in Bhopal

Operations Manager in Chennai

HDFC Bank Manager M1 Salary FAQs

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HDFC Bank Manager M1 Salaries by Location