Indian Bank Manager Scale II Salaries by 4 Employees

4 - 8 years exp.

₹11.5 Lakhs - ₹18 Lakhs

Low Confidence

Salary of majority employees

13% more than the average Manager Scale II Salary in Banking Companies for 4 - 8 years of experience

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Last Updated: 19 Sep 2023

Companies similar to Indian Bank for Manager Scale II

Company name	Avg Annual Salary	Open Jobs
Federal Bank Manager Scale II Salary 4 - 8 years exp. (14 salaries)	₹6.2 L/yr - ₹22.2 L/yr 3% more
Bank of Maharashtra Manager Scale II Salary 0 - 9 years exp. (8 salaries)	₹9 L/yr - ₹15 L/yr 13% less
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Union Bank of India Manager Scale II Salary 2 - 10 years exp. (5 salaries)	₹6 L/yr - ₹12 L/yr 33% less
UCO Bank Manager Scale II Salary 3 - 8 years exp. (5 salaries)	₹5 L/yr - ₹14 L/yr 39% less
IDBI Bank Manager Scale II Salary 10 - 12 years exp. (3 salaries)	₹7 L/yr - ₹23 L/yr 5% more
Indian Overseas Bank Manager Scale II Salary 7 - 10 years exp. (3 salaries)	₹7 L/yr - ₹16 L/yr 18% less

Manager Scale II salary at Indian Bank ranges between ₹11.5 Lakhs to ₹18 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Manager Scale II salaries

Last Updated: 19 Sep 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹22.8 L/yr
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6 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr
7 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹16 L/yr
8 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹18 L/yr

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Salary related reviews for Indian Bank

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

Chief Manager Credit in Chennai

BFSI, Investments & Trading Department

5.0

• posted on 21 Apr 2021

3.0

for Salary and Benefits

Likes

Everyone can take part in decision making. Integrity is integral part. The work culture had then this bank to be at the apex of all Banks in terms of profitability and we have endured the testing time in baking industry.

Skill development - Good

+5 more

Dislikes

compensation front

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

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 Manager Scale II Salary FAQs

What is the salary of Manager Scale II at Indian Bank ?

The average salary of a Manager Scale II at Indian Bank in India typically ranges from ₹11.5 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Manager Scale II at Indian Bank earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Manager Scale II 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 4 Indian Bank employees in India.

What is the estimated take home salary of a Manager Scale II at Indian Bank in India?

The estimated take-home salary of a Manager Scale II at Indian Bank in India typically ranges from ₹99,408 to ₹1,02,111 per month. This is based on the average salary range of ₹11.5 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 4 years to 8 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 4 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 Manager Scale II in India?

IDBI Bank	₹7.0 Lakhs to ₹23.0 Lakhs per year
Federal Bank	₹6.2 Lakhs to ₹22.2 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 Manager Scale II in companies similar to Indian Bank in India?

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

Bank of Maharashtra	₹9.0 Lakhs to ₹15.0 Lakhs per year
Indian Overseas Bank	₹7.0 Lakhs to ₹16.0 Lakhs per year
Union Bank of India	₹6.0 Lakhs to ₹12.0 Lakhs per year
UCO Bank	₹5.0 Lakhs to ₹14.0 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 Manager Scale II at Indian Bank in India?

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

Experience	Average Salary Range
4 years	₹4.6 Lakhs to ₹12.0 Lakhs per year
5 years	₹11.5 Lakhs to ₹22.8 Lakhs per year
6 years	₹12.8 Lakhs to ₹16.3 Lakhs per year
7 years	₹6.3 Lakhs to ₹16.0 Lakhs per year

and so on.

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Indian Bank Manager Scale II Salaries

Indian Bank Manager Scale II salary in India ranges between ₹11.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Indian Bank latest salaries received from various employees of Indian Bank.