Indian Bank Muzaffarpur Branch Manager Salaries by 5 Employees

7 - 10 years exp.

₹12 Lakhs - ₹17 Lakhs

Salary of majority employees

135% more than the average Branch Manager Salary in Banking Companies for 7 - 10 years of experience

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Last Updated: 11 Jul 2023

Companies similar to Indian Bank for Branch Manager in Muzaffarpur

Indian Bank Branch Manager Salary

7 - 10 years exp. (5 salaries)

₹12 L/yr - ₹17 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Branch Manager Salary 13 - 18 years exp. (6 salaries)	₹8.4 L/yr - ₹14.4 L/yr 13% less	13 job openings
Shriram General Insurance Branch Manager Salary 6 - 10 years exp. (6 salaries)	₹4.5 L/yr - ₹7 L/yr 53% less
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RBL FinServe Branch Manager Salary 4 - 10 years exp. (6 salaries)	₹3.5 L/yr - ₹5.2 L/yr 70% less
Aditya Birla Health Insurance Co Branch Manager Salary 8 - 12 years exp. (5 salaries)	₹6.5 L/yr - ₹9.5 L/yr 37% less
IIFL SAMASTA Branch Manager Salary 5 - 8 years exp. (3 salaries)	₹3.2 L/yr - ₹4.5 L/yr 71% less

Branch Manager salary at Indian Bank ranges between ₹12 Lakhs to ₹17 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Branch Manager salaries in Muzaffarpur

Last Updated: 11 Jul 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
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9 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹15.9 L/yr
10 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.4 L/yr

From

Branch Manager

₹

Lakhs/yr

6 - 12 years exp.

Assistant General Manager

₹

Lakhs/yr

17 - 32 years exp.

Branch Manager 6 - 12 years exp.

Chief Manager 10 - 18 years exp.

83% hike

Assistant General Manager 17 - 32 years exp.

18% 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.

Salary related reviews for Indian Bank

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

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.

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

see more salary related reviews

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What people are saying about Indian Bank

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mag123

works at

Indian Bank

Seeking job for 25L/annum

I am currently working in indian bank. I am drawing 18 L /annum , has 10 year work experience, previously worked in TCS for 2.5 years, I am currently looking for a job which will pay minimum 25 L / annum with better work/life balance. Which job should I seek?

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Indian Bank Branch Manager Salary FAQs

What is the salary of Branch Manager at Indian Bank in Muzaffarpur?

The average salary of a Branch Manager at Indian Bank in Muzaffarpur typically ranges from ₹12.0 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 7 years to 10 years).

The top 10% of Branch Manager in Muzaffarpur at Indian Bank earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Branch 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 5 Indian Bank employees in India.

What is the estimated take home salary of a Branch Manager at Indian Bank in Muzaffarpur?

The estimated take-home salary of a Branch Manager at Indian Bank in Muzaffarpur typically ranges from ₹96,720 to ₹99,335 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 7 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 5 salaries received from various employees of Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Branch Manager in companies similar to Indian Bank in Muzaffarpur?

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

Tata AIA Life Insurance	₹8.4 Lakhs to ₹14.4 Lakhs per year
Aditya Birla Health Insurance Co	₹6.5 Lakhs to ₹9.5 Lakhs per year
Shriram General Insurance	₹4.5 Lakhs to ₹7.0 Lakhs per year
RBL FinServe	₹3.5 Lakhs to ₹5.2 Lakhs per year
IIFL SAMASTA	₹3.2 Lakhs to ₹4.5 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 Branch Manager at Indian Bank in Muzaffarpur?

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

Experience	Average Salary Range
7 years	₹11.7 Lakhs to ₹15.0 Lakhs per year
8 years	₹12.1 Lakhs to ₹15.5 Lakhs per year
9 years	₹12.5 Lakhs to ₹15.9 Lakhs per year
10 years	₹12.8 Lakhs to ₹16.4 Lakhs per year

and so on.

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Indian Bank Branch Manager Salaries in Muzaffarpur

Indian Bank Branch Manager salary in Muzaffarpur ranges between ₹12 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Indian Bank latest salaries received from various employees of Indian Bank.