HDFC Bank Mumbai Manager M1 Salaries by 20+ Employees (Updated 2025)

6 - 13 years exp.

₹6 Lakhs - ₹13.3 Lakhs

Salary of majority employees

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20% less than the average Manager M1 Salary in Banking Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 6 - 12 years exp. (7 salaries)	Unlock ₹6.1 L/yr - ₹9.3 L/yr
Customer Success, Service & Operations Manager M1 Salary 9 - 13 years exp. (4 salaries)	Unlock ₹6.7 L/yr - ₹10 L/yr
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Finance & Accounting Manager M1 Salary 7 - 13 years exp. (AmbitionBox Estimate)	Unlock ₹8.3 L/yr - ₹10.5 L/yr
Procurement & Supply Chain Manager M1 Salary 11 - 12 years exp. (AmbitionBox Estimate)	Unlock ₹7.5 L/yr - ₹10.5 L/yr
Sales & Business Development Manager M1 Salary 9 years exp. (AmbitionBox Estimate)	Unlock ₹7.9 L/yr - ₹9.2 L/yr

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Last Updated: 19 Jan 2025

Companies similar to HDFC Bank for Manager M1 in Mumbai

HDFC Bank Manager M1 Salary

6 - 13 years exp. (23 salaries)

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₹6 L/yr - ₹13.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager M1 Salary 1 - 17 years exp. (506 salaries)	Unlock ₹4.5 L/yr - ₹15 L/yr 23% more
Axis Bank Manager M1 Salary 5 - 12 years exp. (17 salaries)	Unlock ₹6 L/yr - ₹10.6 L/yr 3% more
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Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (16 salaries)	Unlock ₹3.4 L/yr - ₹9 L/yr 26% less
Yes Bank Manager M1 Salary 2 - 10 years exp. (6 salaries)	Unlock ₹5.5 L/yr - ₹10.1 L/yr 14% less
IDFC FIRST Bank Manager M1 Salary 6 - 12 years exp. (6 salaries)	Unlock ₹5.5 L/yr - ₹8.5 L/yr 19% less
IndusInd Bank Manager M1 Salary 4 - 9 years exp. (8 salaries)	Unlock ₹5.5 L/yr - ₹8.8 L/yr 24% less
RBL Bank Manager M1 Salary 5 - 15 years exp. (7 salaries)	Unlock ₹6.8 L/yr - ₹9.2 L/yr 8% less
Bandhan Bank Manager M1 Salary 9 - 11 years exp. (3 salaries)	Unlock ₹7.2 L/yr - ₹9.5 L/yr 5% less

Manager M1 salary at HDFC Bank ranges between ₹6 Lakhs to ₹13.3 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 23 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Manager M1 in Mumbai

1mo ago

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13 years exp.

3mo ago

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9 years exp.

4mo ago

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10 years exp.

4mo ago

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7 years exp.

6mo ago

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9 years exp.

7mo ago

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12 years exp.

10mo ago

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13 years exp.

1y ago

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12 years exp.

1y ago

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6 years exp.

1y ago

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12 years exp.

Experience wise HDFC Bank Manager M1 salaries in Mumbai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹7.1 L/yr - ₹15.4 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹8.3 L/yr - ₹9.6 L/yr
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8 years (AmbitionBox Estimate)	Unlock ₹6.9 L/yr - ₹15.6 L/yr
9 years (6 salaries)	Unlock ₹6.7 L/yr - ₹15.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹8.3 L/yr - ₹15.9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹6.8 L/yr - ₹16 L/yr
12 years (5 salaries)	Unlock ₹6.1 L/yr - ₹10.5 L/yr
13 years (4 salaries)	Unlock ₹6 L/yr - ₹13.3 L/yr

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Similar Designation salaries in HDFC Bank

Deputy Manager Salary

(3.6k salaries)

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₹2 L/yr - ₹10.93 L/yr

Project Manager Salary

(71 salaries)

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₹6 L/yr - ₹23 L/yr

Team Manager Salary

(56 salaries)

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₹4.51 L/yr - ₹13.7 L/yr

Team Lead Salary

(27 salaries)

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₹1.15 L/yr - ₹8.35 L/yr

Program Manager Salary

(20 salaries)

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₹18.46 L/yr - ₹29 L/yr

Service Manager Salary

(12 salaries)

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₹4.5 L/yr - ₹8.5 L/yr

Area Manager Salary

(3 salaries)

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₹11 L/yr - ₹19.5 L/yr

Salary related reviews for HDFC Bank

4.0

Rated by 2 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

Salary - Poor

+6 more

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.

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.

Promotions - Poor

+3 more

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

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

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

Salary - Poor

+5 more

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

Skill development - Poor

+4 more

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HDFC Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at HDFC Bank Mumbai?

Manager M1 salary at HDFC Bank in Mumbai ranges between ₹6.0 Lakhs to ₹13.3 Lakhs for experience between 6 years to 13 years. According to our estimates it is 20% less than the average Manager M1 Salary in India. Salary estimates are based on 23 latest salaries received from various employees of HDFC Bank Mumbai.

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

The average salary of a Manager M1 at HDFC Bank is 20% less than the average salary of a Manager M1 in Mumbai. To know exact salary insights, login to view.

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

ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
Axis Bank Manager M1 Salary - ₹6.0 Lakhs to ₹10.6 Lakhs per year

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

Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
RBL Bank Manager M1 Salary - ₹6.8 Lakhs to ₹9.2 Lakhs per year
Yes Bank Manager M1 Salary - ₹5.5 Lakhs to ₹10.1 Lakhs per year
IDFC FIRST Bank Manager M1 Salary - ₹5.5 Lakhs to ₹8.5 Lakhs per year
IndusInd Bank Manager M1 Salary - ₹5.5 Lakhs to ₹8.8 Lakhs per year

What is the estimated take home salary of a Manager M1 at HDFC Bank in Mumbai?

The estimated take-home salary of a Manager M1 at HDFC Bank ranges between ₹64,426 per month to ₹66,068 per month in Mumbai. The take-home salary calculation is based on the average HDFC Bank Manager M1 salary in India which ranges between ₹6.0 Lakhs to ₹13.3 Lakhs per year for employees with experience between 6 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 59% of the HDFC Bank Manager M1s in Mumbai reported a notice period of 3 Months, 37% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 27 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Bank Manager M1 salary in Mumbai ranges between ₹6 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 HDFC Bank latest salaries received from various employees of HDFC Bank.