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HDFC Bank Manager M1 salaries in Chennai (Updated 2025)

Annual salary range
6 - 12 years exp.
₹5.5 Lakhs - ₹8.9 Lakhs
Salary of majority employees
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24% less than the average Manager M1 Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

Sales & Business Development
Manager M1 Salary
7 - 11 years exp. (3 salaries)
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₹6.7 L/yr - ₹8.9 L/yr

Customer Success, Service & Operations
Manager M1 Salary
10 - 12 years exp. (AmbitionBox Estimate)
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₹6.5 L/yr - ₹7.7 L/yr

Finance & Accounting
Manager M1 Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹8.1 L/yr

Last Updated: 21 Mar 2025

Companies similar to HDFC Bank for Manager M1 in Chennai

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HDFC Bank Manager M1 Salary

6 - 12 years exp. (8 salaries)

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₹5.5 L/yr - ₹8.9 L/yr

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

1 - 16 years exp. (104 salaries)

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₹5.8 L/yr - ₹13 L/yr

arrow icon 24% more
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Axis Bank Manager M1 Salary

5 - 12 years exp. (8 salaries)

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₹5.8 L/yr - ₹9 L/yr

arrow icon 6% less
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Kotak Mahindra Bank Manager M1 Salary

8 - 12 years exp. (4 salaries)

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₹3.9 L/yr - ₹10 L/yr

arrow icon 12% less
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Yes Bank Manager M1 Salary

1 - 10 years exp. (3 salaries)

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₹6.7 L/yr - ₹8 L/yr

arrow icon 4% less
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Capgemini Manager M1 Salary

9 - 16 years exp. (11 salaries)

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₹15.7 L/yr - ₹21 L/yr

arrow icon 111% more
Manager M1 salary at HDFC Bank ranges between ₹5.5 Lakhs to ₹8.9 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Manager M1 in Chennai

3d ago
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10 years exp.
1mo ago
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8 years exp.
10mo ago
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11 years exp.
11mo ago
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12 years exp.

Experience wise HDFC Bank Manager M1 salaries in Chennai

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹13.8 L/yr
7 years (AmbitionBox Estimate)

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₹6 L/yr - ₹13.9 L/yr
8 years (AmbitionBox Estimate)

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₹6.7 L/yr - ₹14 L/yr
9 years (AmbitionBox Estimate)

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₹7.1 L/yr - ₹9 L/yr
10 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.1 L/yr
View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary
(2k salaries)
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₹2.5 L/yr - ₹10 L/yr
Branch Manager Salary
(140 salaries)
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₹6.29 L/yr - ₹25.7 L/yr
Team Lead Salary
(28 salaries)
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₹2 L/yr - ₹10 L/yr
Team Manager Salary
(19 salaries)
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₹3.58 L/yr - ₹12.9 L/yr
Project Manager Salary
(13 salaries)
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₹6 L/yr - ₹16.25 L/yr
Area Manager Salary
(4 salaries)
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₹7 L/yr - ₹15 L/yr

Salary related reviews for HDFC Bank

4.8

Rated by 3 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

 · 

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

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

  • Salary - Good
  • +6 more

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

read more

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

read more
  • Salary - Poor
  • +5 more

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

read more
  • Skill development - Poor
  • +4 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 in Chennai?
The average salary of a Manager M1 at HDFC Bank in Chennai typically ranges from ₹5.5 Lakhs to ₹8.9 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Manager M1 in Chennai at HDFC Bank earn more than ₹8.7 Lakhs per year, and the top 1% earn over ₹8.9 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 8 HDFC Bank employees in India.
What is the estimated take home salary of a Manager M1 at HDFC Bank in Chennai?
The estimated take-home salary of a Manager M1 at HDFC Bank in Chennai typically ranges from ₹58,352 to ₹59,823 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹8.9 Lakhs per year for employees with experience ranging from 6 years to 12 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 8 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?
Capgemini ₹15.7 Lakhs to ₹21.0 Lakhs per year
ICICI Bank ₹5.8 Lakhs to ₹13.0 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 Chennai?
The salary of a Manager M1 at companies similar to HDFC Bank in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank ₹6.7 Lakhs to ₹8.0 Lakhs per year
Axis Bank ₹5.8 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank ₹3.9 Lakhs to ₹10.0 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 Chennai?
The salary growth for a Manager M1 at HDFC Bank in Chennai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Chennai can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
6 years ₹5.5 Lakhs to ₹13.8 Lakhs per year
7 years ₹6.0 Lakhs to ₹13.9 Lakhs per year
8 years ₹6.7 Lakhs to ₹14.0 Lakhs per year
9 years ₹7.1 Lakhs to ₹9.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Bank Manager M1 salary in Chennai ranges between ₹5.5 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 HDFC Bank latest salaries received from various employees of HDFC Bank.