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

6 - 13 years exp.

₹6 Lakhs - ₹13.3 Lakhs

Salary of majority employees

23% 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)	₹6.1 L/yr - ₹9 L/yr
Customer Success, Service & Operations Manager M1 Salary 9 - 13 years exp. (4 salaries)	₹6.7 L/yr - ₹10 L/yr
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Finance & Accounting Manager M1 Salary 7 - 13 years exp. (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.5 L/yr
Sales & Business Development Manager M1 Salary 9 years exp. (AmbitionBox Estimate)	₹7.9 L/yr - ₹8.9 L/yr

Last Updated: 19 Jan 2025

Companies similar to HDFC Bank for Manager M1 in Mumbai

HDFC Bank Manager M1 Salary

6 - 13 years exp. (20 salaries)

₹6 L/yr - ₹13.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager M1 Salary 1 - 17 years exp. (508 salaries)	₹4.5 L/yr - ₹15 L/yr 28% more
Axis Bank Manager M1 Salary 5 - 12 years exp. (17 salaries)	₹6 L/yr - ₹10.6 L/yr 5% less
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Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (17 salaries)	₹3.4 L/yr - ₹9 L/yr 25% less
IndusInd Bank Manager M1 Salary 4 - 10 years exp. (9 salaries)	₹5.5 L/yr - ₹8.8 L/yr 16% less
RBL Bank Manager M1 Salary 5 - 15 years exp. (7 salaries)	₹6.8 L/yr - ₹9.2 L/yr 5% less
Yes Bank Manager M1 Salary 2 - 10 years exp. (6 salaries)	₹5.5 L/yr - ₹10.1 L/yr 11% less
IDFC FIRST Bank Manager M1 Salary 6 - 12 years exp. (6 salaries)	₹5.5 L/yr - ₹8.5 L/yr 16% less
Bandhan Bank Manager M1 Salary 9 - 11 years exp. (3 salaries)	₹7.2 L/yr - ₹9.5 L/yr 2% 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 20 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Manager M1 salaries in Mumbai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹9.6 L/yr
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8 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹15.2 L/yr
9 years (6 salaries)	₹6.7 L/yr - ₹15.3 L/yr
10 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹15.4 L/yr
11 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹15.5 L/yr
12 years (3 salaries)	₹6.1 L/yr - ₹15.6 L/yr
13 years (4 salaries)	₹6 L/yr - ₹13.3 L/yr

View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary

(3.6k salaries)

₹2 L/yr - ₹10 L/yr

Project Manager Salary

(74 salaries)

₹6 L/yr - ₹23 L/yr

Team Manager Salary

(56 salaries)

₹4.51 L/yr - ₹13.7 L/yr

Team Lead Salary

(26 salaries)

₹1.15 L/yr - ₹9.18 L/yr

Program Manager Salary

(21 salaries)

₹17.95 L/yr - ₹38 L/yr

Service Manager Salary

(12 salaries)

₹4.5 L/yr - ₹8.5 L/yr

Area Manager Salary

(3 salaries)

₹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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What people are saying about HDFC Bank

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Can someone advice whether I should join HDFC Bank with almost Half CTC or Teleperformance (TP), a BPO with Double CTC? Job Role: Inbound Customer Support. Factors: WFH: TP ✅️ HDFC ❌️ Location: HDFC - New Delhi, TP - Noida Team Handling: HDFC - Individual role. TP - Team Leader Team Handling: HDFC ❌️ TP ✅️ Working Days: HDFC - 6. TP - 5 Customer Base: HDFC - Indian, TP - USA

Which Organisation to Join? Please provide reason(s) or if you have any suggestion.

HDFC Bank

Teleperformance

4 participants . poll closed

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HDFC Bank Manager M1 Salary FAQs

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

The average salary of a Manager M1 at HDFC Bank in Mumbai typically ranges from ₹6.0 Lakhs to ₹13.3 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Manager M1 in Mumbai at HDFC Bank earn more than ₹10.3 Lakhs per year, and the top 1% earn over ₹13.3 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 20+ HDFC Bank employees in India.

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 in Mumbai typically ranges from ₹62,655 to ₹64,247 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹13.3 Lakhs per year for employees with experience ranging from 6 years to 13 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 20+ 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?

ICICI Bank

₹4.5 Lakhs to ₹15.0 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 Mumbai?

The salary of a Manager M1 at companies similar to HDFC Bank in Mumbai 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
RBL Bank	₹6.8 Lakhs to ₹9.2 Lakhs per year
Axis Bank	₹6.0 Lakhs to ₹10.6 Lakhs per year
Yes Bank	₹5.5 Lakhs to ₹10.1 Lakhs per year
IndusInd Bank	₹5.5 Lakhs to ₹8.8 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 Mumbai?

The salary growth for a Manager M1 at HDFC Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at HDFC Bank:

Experience	Average Salary Range
6 years	₹7.1 Lakhs to ₹15.0 Lakhs per year
7 years	₹8.3 Lakhs to ₹9.6 Lakhs per year
8 years	₹6.9 Lakhs to ₹15.2 Lakhs per year
9 years	₹6.7 Lakhs to ₹15.3 Lakhs per year

and so on.

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 20 HDFC Bank latest salaries received from various employees of HDFC Bank.