HDFC Bank State Manager Salaries by 5 Employees

4 - 9 years exp.

₹7.2 Lakhs - ₹13.3 Lakhs

Low Confidence

Salary of majority employees

27% less than the average State Manager Salary in Banking Companies for 4 - 9 years of experience

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Last Updated: 15 Dec 2023

Companies similar to HDFC Bank for State Manager

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank State Manager Salary 8 - 20 years exp. (14 salaries)	₹7.1 L/yr - ₹20 L/yr 35% more
IndusInd Bank State Manager Salary 5 - 15 years exp. (6 salaries)	₹5 L/yr - ₹12 L/yr 11% less
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Kotak Mahindra Bank State Manager Salary 10 - 16 years exp. (5 salaries)	₹9.9 L/yr - ₹11.3 L/yr 14% more
Ujjivan Small Finance Bank State Manager Salary 5 - 15 years exp. (4 salaries)	₹6.6 L/yr - ₹13.6 L/yr 5% more
BlackBuck State Manager Salary 1 - 10 years exp. (22 salaries)	₹3.2 L/yr - ₹4.8 L/yr 56% less

State Manager salary at HDFC Bank ranges between ₹7.2 Lakhs to ₹13.3 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank State Manager salaries

Last Updated: 15 Dec 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹13.3 L/yr
5 years (AmbitionBox Estimate)	₹8 L/yr - ₹11.5 L/yr
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6 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
7 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
8 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹13 L/yr

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Salary related reviews for HDFC Bank

Deputy Manager in Mumbai

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.

Salary - Poor

+5 more

Deputy Manager in Guwahati (working remotely)

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.

Salary - Poor

+1 more

Sales Manager in Aurangabad

Full Time

Sales & Business Development Department

4.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Product, customer trust on bank and it's help you to work in bank , office collogue help for you work time , internal job switch option available and job security only on your performance.

Job security - Good

+1 more

Dislikes

As per work not provide the salary and time to time change the product and sales targets , with out intimation and taken consent the role and work , promotion not depends on you it's totally depends on the supervisor and higher supervisor if they want to give you pramotion for not.

Salary - Poor

+1 more

Sales Executive in Jabalpur (working remotely)

Full Time

Finance & Accounting Department

5.0

• posted on 06 Feb 2025

5.0

for Salary and Benefits

Likes

strong brand reputation, dynamic work environment, excellent learning and development opportunities, supportive culture, focus on customer service, good career growth prospects, competitive compensation, and the ability to develop strong sales and financial management skills

Salary - Excellent

+6 more

Dislikes

SALARY ISSUE

Sales Manager in Vijayawada

Full Time

Sales & Business Development Department

5.0

• posted on 04 Jan 2025

4.0

for Salary and Benefits

Likes

strong brand reputation, good learning and development opportunities, a supportive work culture with helpful colleagues, competitive salary and incentives, and the potential for career growth within the organization

Salary - Good

+6 more

Dislikes

Some challenges include high work pressure,

see more salary related reviews

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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

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HDFC Bank State Manager Salary FAQs

What is the salary of State Manager at HDFC Bank ?

The average salary of a State Manager at HDFC Bank in India typically ranges from ₹7.2 Lakhs to ₹13.3 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of State Manager at HDFC Bank earn more than ₹13.3 Lakhs per year, and the top 1% earn over ₹13.3 Lakhs per year. State Manager 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 5 HDFC Bank employees in India.

What is the estimated take home salary of a State Manager at HDFC Bank in India?

The estimated take-home salary of a State Manager at HDFC Bank in India typically ranges from ₹68,507 to ₹70,265 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹13.3 Lakhs per year for employees with experience ranging from 4 years to 9 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 5 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 State Manager in India?

IDFC FIRST Bank	₹7.1 Lakhs to ₹20.0 Lakhs per year
Kotak Mahindra Bank	₹9.9 Lakhs to ₹11.3 Lakhs per year
Ujjivan Small Finance Bank	₹6.6 Lakhs to ₹13.6 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 State Manager in companies similar to HDFC Bank in India?

The salary of a State Manager at companies similar to HDFC Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹5.0 Lakhs to ₹12.0 Lakhs per year
BlackBuck	₹3.2 Lakhs to ₹4.8 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 State Manager at HDFC Bank in India?

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

Experience	Average Salary Range
4 years	₹4.7 Lakhs to ₹13.3 Lakhs per year
5 years	₹8.0 Lakhs to ₹11.5 Lakhs per year
6 years	₹4.0 Lakhs to ₹10.0 Lakhs per year
7 years	₹8.1 Lakhs to ₹10.4 Lakhs per year

and so on.

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HDFC Bank State Manager Salaries

HDFC Bank State Manager salary in India ranges between ₹7.2 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Bank latest salaries received from various employees of HDFC Bank.