Indian Bank Chennai IT Manager Salaries by 5 Employees

8 - 13 years exp.

₹12.8 Lakhs - ₹20 Lakhs

Avg. annual salary

Monthly In-hand Salary

17% more than the average IT Manager Salary in Banking Companies for 8 - 13 years of experience

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Salaries in different departments

Engineering - Software & QA IT Manager Salary 8 years exp. (AmbitionBox Estimate)	₹12.8 L/yr - ₹20 L/yr
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IT & Information Security IT Manager Salary 11 - 13 years exp. (AmbitionBox Estimate)	₹15.5 L/yr - ₹20 L/yr

Last Updated: 11 Oct 2024

Companies similar to Indian Bank for IT Manager in Chennai

Indian Bank IT Manager Salary

8 - 13 years exp. (5 salaries)

₹12.8 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
Equitas Small Finance Bank IT Manager Salary 5 - 13 years exp. (13 salaries)	₹6.9 L/yr - ₹19 L/yr 16% less
Indian Overseas Bank IT Manager Salary 7 - 9 years exp. (5 salaries)	₹12.9 L/yr - ₹18 L/yr 4% more
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IndusInd Bank IT Manager Salary 10 - 12 years exp. (4 salaries)	₹5.2 L/yr - ₹12 L/yr 32% less	7 job openings
Bank of America IT Manager Salary 12 - 16 years exp. (4 salaries)	₹18 L/yr - ₹21 L/yr 11% more
Wipro IT Manager Salary 5 - 15 years exp. (16 salaries)	₹3.5 L/yr - ₹14.1 L/yr 51% less

IT Manager salary at Indian Bank ranges between ₹12.8 Lakhs to ₹20 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank IT Manager salaries in Chennai

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
8 years (3 salaries)	₹12.8 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
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10 years (AmbitionBox Estimate)	₹15.1 L/yr - ₹19.3 L/yr
11 years (AmbitionBox Estimate)	₹15.6 L/yr - ₹20 L/yr
12 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
13 years (AmbitionBox Estimate)	₹16.6 L/yr - ₹21.3 L/yr

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From

IT Manager

6 - 13 years exp.

Senior IT Manager

Salary unavailable

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

SAS Programmer Salary

(5 salaries)

₹3.5 L/yr - ₹4.9 L/yr

Chief Manager Information Technology Salary

(4 salaries)

₹18 L/yr - ₹35 L/yr

Salary related reviews for Indian Bank

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 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 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

Business Banking Relationship in Sonbhadra

Finance & Accounting Department

4.0

• posted on 28 Apr 2022

3.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year

Skill development - Good

+1 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees

Job security - Poor

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 IT Manager Salary FAQs

What is the salary of IT Manager at Indian Bank in Chennai?

The average salary of a IT Manager at Indian Bank in Chennai typically ranges from ₹12.8 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of IT Manager in Chennai at Indian Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. IT 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 IT Manager at Indian Bank in Chennai?

The estimated take-home salary of a IT Manager at Indian Bank in Chennai typically ranges from ₹1,12,537 to ₹1,15,663 per month. This is based on the average salary range of ₹12.8 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 8 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 5 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 IT Manager in India?

Bank of America	₹18.0 Lakhs to ₹21.0 Lakhs per year
Indian Overseas Bank	₹12.9 Lakhs to ₹18.0 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 IT Manager in companies similar to Indian Bank in Chennai?

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

Equitas Small Finance Bank	₹6.9 Lakhs to ₹19.0 Lakhs per year
IndusInd Bank	₹5.2 Lakhs to ₹12.0 Lakhs per year
Wipro	₹3.5 Lakhs to ₹14.1 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 IT Manager at Indian Bank in Chennai?

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

Experience	Average Salary Range
8 years	₹12.8 Lakhs to ₹20.0 Lakhs per year
9 years	₹14.6 Lakhs to ₹18.7 Lakhs per year
10 years	₹15.1 Lakhs to ₹19.3 Lakhs per year
11 years	₹15.6 Lakhs to ₹20.0 Lakhs per year

and so on.

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Indian Bank IT Manager Salaries in Chennai

Indian Bank IT Manager salary in Chennai ranges between ₹12.8 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Indian Bank latest salaries received from various employees of Indian Bank.