Indian Bank Mumbai Assistant Manager Salaries by 10 Employees (Updated 2025)

5 - 10 years exp.

₹8.4 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

27% more than the average Assistant Manager Salary in Banking Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 5 - 10 years exp. (5 salaries)	₹9.3 L/yr - ₹12 L/yr
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Customer Success, Service & Operations Assistant Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹11.1 L/yr

Last Updated: 15 Feb 2025

Companies similar to Indian Bank for Assistant Manager in Mumbai

Indian Bank Assistant Manager Salary

5 - 10 years exp. (10 salaries)

₹8.4 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Assistant Manager Salary 0 - 9 years exp. (3.5k salaries)	₹1.5 L/yr - ₹5 L/yr 67% less
Yes Bank Assistant Manager Salary 0 - 11 years exp. (837 salaries)	₹2.4 L/yr - ₹6.6 L/yr 57% less	1 job opening
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IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (572 salaries)	₹1.5 L/yr - ₹6.2 L/yr 63% less
IDFC FIRST Bank Assistant Manager Salary 0 - 11 years exp. (554 salaries)	₹2.3 L/yr - ₹6.6 L/yr 54% less
AU Small Finance Bank Assistant Manager Salary 0 - 12 years exp. (181 salaries)	₹2.6 L/yr - ₹7 L/yr 54% less
IDBI Bank Assistant Manager Salary 0 - 12 years exp. (173 salaries)	₹6.1 L/yr - ₹17.5 L/yr 21% more
Bank of America Assistant Manager Salary 2 - 18 years exp. (165 salaries)	₹8 L/yr - ₹24.5 L/yr 67% more	4 job openings
Standard Chartered Assistant Manager Salary 3 - 17 years exp. (131 salaries)	₹5 L/yr - ₹18.4 L/yr 7% more
Bandhan Bank Assistant Manager Salary 0 - 10 years exp. (112 salaries)	₹2.2 L/yr - ₹5.3 L/yr 63% less
Federal Bank Assistant Manager Salary 0 - 8 years exp. (103 salaries)	₹7 L/yr - ₹18.5 L/yr 29% more

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Assistant Manager salary at Indian Bank ranges between ₹8.4 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Assistant Manager salaries in Mumbai

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.2 L/yr
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7 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
8 years (3 salaries)	₹9.3 L/yr - ₹19.5 L/yr
9 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.6 L/yr
10 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

1 - 11 years exp.

Assistant General Manager

₹

Lakhs/yr

17 - 32 years exp.

Assistant Manager

1 - 11 years exp.

Manager

3 - 15 years exp.

50% hike

Senior Manager

8 - 14 years exp.

43% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Indian Bank

Chief Manager Salary

(14 salaries)

₹17 L/yr - ₹34 L/yr

Assistant General Manager Salary

(7 salaries)

₹25 L/yr - ₹60 L/yr

Salary related reviews for Indian Bank

2.7

Rated by 2 employees for salary & benefits

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 28 Nov 2024

5.0

for Salary and Benefits

Likes

Job security, good pay, ability to gain knowledge and connections.

Salary - Excellent

+4 more

Dislikes

Impossible targets, harassing in meeting stating transfers, expecting to work overtime even on holidays, unapproachable and unheedful HR personnel.

Company culture - Poor

Assistant Manager in Nadia

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 24 Jul 2024

4.0

for Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

Salary - Good

+1 more

Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

Skill development - Poor

+4 more

Assistant Manager in New Delhi

Full Time

Finance & Accounting Department

2.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Job Safety, health insurance, decent salary. Simple Interest on loans for staff and 1% higher interest for staff on deposits.

Job security - Good

Dislikes

Promotion is based on buttering GMs and seniors. Promotion interview marks are noted in pencil and then changed once it reached corporate office based on above criterion. Very few specialist officers are given promotion, preference if only for POs; DO NOT join as specialist officer if you are looking for career growth. Random transferring away from home. Branch Managers are excessively pressurized.

Skill development - Poor

+4 more

Assistant Branch Manager in Arambagh

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Mar 2022

3.0

for Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

Job security - Excellent

+3 more

Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

Branch Manager in Chennai

BFSI, Investments & Trading Department

3.0

• posted on 19 Mar 2022

4.0

for Salary and Benefits

Likes

Job security, some of good Managers, Salary and Compensation is good. Its a government job but culture is quite like private job.

Salary - Good

+2 more

Dislikes

Very much shortage of Staff, Some of the Mangement staff Behaviour is rude and Superior behaves like bossy. Too much workload due to immensely shortage of Staff. Bad promotion policy . Not all the time deserving candidate gets promotion. Transfer policy is poor. They do not consider your request unless you know someone who has influence.

Work satisfaction - Poor

+1 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Indian Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Indian Bank in Mumbai?

The average salary of a Assistant Manager at Indian Bank in Mumbai typically ranges from ₹8.4 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Assistant Manager in Mumbai at Indian Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Manager Salaries at Indian 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 10 Indian Bank employees in India.

What is the estimated take home salary of a Assistant Manager at Indian Bank in Mumbai?

The estimated take-home salary of a Assistant Manager at Indian Bank in Mumbai typically ranges from ₹75,966 to ₹77,934 per month. This is based on the average salary range of ₹8.4 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 5 years to 10 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 10 salaries received from various employees of Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Indian Bank for Assistant Manager in India?

Reserve Bank of India	₹10.0 Lakhs to ₹35.0 Lakhs per year
Bank of America	₹8.0 Lakhs to ₹24.5 Lakhs per year
Barclays	₹7.5 Lakhs to ₹24.0 Lakhs per year
Federal Bank	₹7.0 Lakhs to ₹18.5 Lakhs per year
IDBI Bank	₹6.1 Lakhs to ₹17.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Bank, depending on the role and experience level.

What is the salary of a Assistant Manager in companies similar to Indian Bank in Mumbai?

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

Indian Overseas Bank	₹8.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India	₹5.0 Lakhs to ₹14.0 Lakhs per year
Standard Chartered	₹5.0 Lakhs to ₹18.4 Lakhs per year
Central Bank of India	₹6.0 Lakhs to ₹15.0 Lakhs per year
NatWest Group	₹4.8 Lakhs to ₹10.3 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 Assistant Manager at Indian Bank in Mumbai?

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

Experience	Average Salary Range
5 years	₹9.4 Lakhs to ₹12.0 Lakhs per year
6 years	₹9.5 Lakhs to ₹12.2 Lakhs per year
7 years	₹9.6 Lakhs to ₹12.3 Lakhs per year
8 years	₹9.3 Lakhs to ₹19.5 Lakhs per year

and so on.

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Indian Bank Assistant Manager Salaries in Mumbai

Indian Bank Assistant Manager salary in Mumbai ranges between ₹8.4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Indian Bank latest salaries received from various employees of Indian Bank.