ICICI Direct Mumbai Branch Manager Salaries by 4 Employees (Updated 2025)

4 - 6 years exp.

₹5.5 Lakhs - ₹7.3 Lakhs

Salary of majority employees

35% less than the average Branch Manager Salary in Financial Services Companies for 4 - 6 years of experience

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Salaries in different departments

Product Management Branch Manager Salary 4 - 6 years exp. (3 salaries)	₹5.5 L/yr - ₹7.3 L/yr
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Customer Success, Service & Operations Branch Manager Salary 5 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹7.8 L/yr

Last Updated: 15 Mar 2023

Companies similar to ICICI Direct for Branch Manager in Mumbai

ICICI Direct Branch Manager Salary

4 - 6 years exp. (4 salaries)

₹5.5 L/yr - ₹7.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Securities Branch Manager Salary 4 - 18 years exp. (32 salaries)	₹5.5 L/yr - ₹13.1 L/yr 18% more	1 job opening
Kotak Securities Branch Manager Salary 7 - 16 years exp. (11 salaries)	₹5 L/yr - ₹11.1 L/yr 2% more
Login to view exact salary
Sharekhan Branch Manager Salary 9 - 17 years exp. (4 salaries)	₹12 L/yr - ₹14.3 L/yr 78% more
Angel One Branch Manager Salary 5 - 14 years exp. (16 salaries)	₹3.9 L/yr - ₹7.4 L/yr 16% less
Edelweiss Branch Manager Salary 5 - 12 years exp. (9 salaries)	₹4.2 L/yr - ₹10 L/yr 2% less	1 job opening
Geojit Financial Services Branch Manager Salary 13 - 16 years exp. (6 salaries)	₹5.3 L/yr - ₹6.4 L/yr 14% less	2 job openings

Branch Manager salary at ICICI Direct ranges between ₹5.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Direct.

Experience wise ICICI Direct Branch Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.6 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.3 L/yr
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6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.3 L/yr

Similar Designation salaries in ICICI Direct

Sales Manager Salary

(9 salaries)

₹2 L/yr - ₹3.5 L/yr

Salary related reviews for ICICI Direct

3.2

Rated by 3 employees for salary & benefits

Branch Manager in Mumbai

Sales & Business Development Department

4.0

• posted on 18 May 2022

5.0

for Salary and Benefits

Likes

Flexibility in timing Great Incentive Abroad Contest Salary on Time

Salary - Excellent

+4 more

Dislikes

You have to sell everything - Life insurance Mutual funds PMS Home loan General Insurance Have to ensure that you complete your LI Target and Team Target also

Branch Manager in Kolkata

BFSI, Investments & Trading Department

1.0

• posted on 25 May 2019

3.0

for Salary and Benefits

Likes

I have done mistake to join ICICI Direct, it's Branch Head profile as offer letter but this is individual RM profile with extra responsibility.No one last here max to max 1yr (my experience from EAST) so JOB insecure they remind it every time.1 or 2 old because they joined as management trainee so don't know a healthy environment. i have worked here 2 and half year and performance wise also good but the culture in icici direct like LALA Company, middle hierarchy are really painful. the way they harassment god help .

Dislikes

Middle hierarchy harass and abuse openly and local HR helpless ,they work for their bonus and salary, HR System totally failed even they for middle hierarchy not for company

Job security - Bad

+4 more

Senior Relationship Manager in Chandigarh

Full Time

Other Department

3.0

• posted on 14 Sep 2024

3.0

for Salary and Benefits

Likes

They work on skill development and takes webinar on regular basis Salary credit timely.

Skill development - Good

+1 more

Dislikes

They involves juniors in Office politics Mukesh kapri zonal head of Chandigarh he is the worst person professionaly and personally you will even met you can't work under him or with him

Promotions - Bad

+3 more

Sales Officer in Thiruvananthapuram

Full Time

Human Resources Department

4.0

• posted on 01 Jul 2022

2.0

for Salary and Benefits

Likes

A person who is really business oriented and is ready to be hardworking in banking field, can find excellent opportunity at ICICI Bank.

Skill development - Good

+3 more

Dislikes

The salary package is really low, salary package and clearance amount should be fully given(including deductions).

Salary - Poor

Senior Sales Manager in Lucknow

Full Time

Sales & Business Development Department

1.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

Only one thing SMs just like one man army.SMs are doing everything thing for example sales,sevice,genrate SR,manage bank employee and seniors also just in14000-15000 Rs salary per month

Dislikes

Promotion. Why I dislike promotion because off corporate promote only for target not increase salary ultimately making fool thems employees and that's a masterstrok for corporate side...hahahahahahahaha

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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ICICI Direct Branch Manager Salary FAQs

What is the salary of Branch Manager at ICICI Direct Mumbai?

Branch Manager salary at ICICI Direct in Mumbai ranges between ₹5.5 Lakhs to ₹7.3 Lakhs for experience between 4 years to 6 years. According to our estimates it is 35% less than the average Branch Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of ICICI Direct Mumbai.

How does the salary of a Branch Manager at ICICI Direct Mumbai compare with the average salary range for this job?

The average salary of a Branch Manager at ICICI Direct is 35% less than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Direct to a Branch Manager in Mumbai?

Sharekhan Branch Manager Salary - ₹12.0 Lakhs to ₹14.3 Lakhs per year
HDFC Securities Branch Manager Salary - ₹5.5 Lakhs to ₹13.1 Lakhs per year
Kotak Securities Branch Manager Salary - ₹5.0 Lakhs to ₹11.1 Lakhs per year

What is the salary of a Branch Manager in companies similar to ICICI Direct in Mumbai?

Edelweiss Branch Manager Salary - ₹4.2 Lakhs to ₹10.0 Lakhs per year
Geojit Financial Services Branch Manager Salary - ₹5.3 Lakhs to ₹6.4 Lakhs per year
Angel One Branch Manager Salary - ₹3.9 Lakhs to ₹7.4 Lakhs per year

What is the estimated take home salary of a Branch Manager at ICICI Direct in Mumbai?

The estimated take-home salary of a Branch Manager at ICICI Direct ranges between ₹53,635 per month to ₹54,972 per month in Mumbai. The take-home salary calculation is based on the average ICICI Direct Branch Manager salary in India which ranges between ₹5.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 4 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at ICICI Direct in Mumbai?

According to AmbitionBox, 100% of the ICICI Direct Branch Managers in Mumbai reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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ICICI Direct Branch Manager Salaries in Mumbai

ICICI Direct Branch Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Direct latest salaries received from various employees of ICICI Direct.