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Indian Overseas Bank Chief Manager salaries in India (Updated 2025)

Annual salary range
13 - 17 years exp.
₹18 Lakhs - ₹40 Lakhs
Salary of majority employees
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18% more than the average Chief Manager Salary in Banking Companies for 13 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Chief Manager Salary
13 - 16 years exp. (10 salaries)
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₹18 L/yr - ₹32 L/yr

Finance & Accounting
Chief Manager Salary
13 - 17 years exp. (6 salaries)
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₹18 L/yr - ₹40 L/yr

Last Updated: 12 Mar 2025

Companies similar to Indian Overseas Bank for Chief Manager

Company name Avg Annual Salary Open Jobs
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IndusInd Bank Chief Manager Salary

3 - 20 years exp. (1.5k salaries)

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₹6 L/yr - ₹18 L/yr

arrow icon 58% less
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Kotak Mahindra Bank Chief Manager Salary

7 - 19 years exp. (814 salaries)

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₹9 L/yr - ₹30.8 L/yr

arrow icon 31% less
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IDFC FIRST Bank Chief Manager Salary

5 - 20 years exp. (735 salaries)

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₹10.2 L/yr - ₹36 L/yr

arrow icon 20% less
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Union Bank of India Chief Manager Salary

10 - 17 years exp. (156 salaries)

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₹12 L/yr - ₹42 L/yr

arrow icon 11% more
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Indian Bank Chief Manager Salary

10 - 18 years exp. (72 salaries)

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₹12.5 L/yr - ₹40 L/yr

arrow icon 4% less
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UCO Bank Chief Manager Salary

10 - 15 years exp. (64 salaries)

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₹13.5 L/yr - ₹33 L/yr

arrow icon 1% more
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Bank of Maharashtra Chief Manager Salary

9 - 15 years exp. (60 salaries)

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₹14 L/yr - ₹40 L/yr

At par
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Central Bank of India Chief Manager Salary

11 - 17 years exp. (53 salaries)

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₹12 L/yr - ₹42.2 L/yr

arrow icon 1% less
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Ujjivan Small Finance Bank Chief Manager Salary

2 - 17 years exp. (26 salaries)

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₹5.5 L/yr - ₹21 L/yr

arrow icon 48% less
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Allahabad Bank Chief Manager Salary

9 - 33 years exp. (16 salaries)

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₹6.7 L/yr - ₹20 L/yr

arrow icon 40% less
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Yes Bank Chief Manager Salary

3 - 12 years exp. (9 salaries)

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₹13 L/yr - ₹33.1 L/yr

arrow icon 21% less
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Corporation Bank Chief Manager Salary

10 - 31 years exp. (8 salaries)

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₹8 L/yr - ₹15 L/yr

arrow icon 43% less
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Vijaya Bank Chief Manager Salary

7 - 31 years exp. (5 salaries)

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₹9 L/yr - ₹13 L/yr

arrow icon 59% less
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Equitas Small Finance Bank Chief Manager Salary

10 - 15 years exp. (4 salaries)

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₹9 L/yr - ₹11.1 L/yr

arrow icon 61% less
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AU Small Finance Bank Chief Manager Salary

12 - 16 years exp. (4 salaries)

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₹12 L/yr - ₹25 L/yr

arrow icon 33% less
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J&K Bank Chief Manager Salary

20 - 29 years exp. (4 salaries)

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₹22 L/yr - ₹25 L/yr

arrow icon 11% less
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Bandhan Bank Chief Manager Salary

5 - 23 years exp. (3 salaries)

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₹7.5 L/yr - ₹15 L/yr

arrow icon 53% less
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Federal Bank Chief Manager Salary

20 - 31 years exp. (3 salaries)

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₹18 L/yr - ₹26 L/yr

arrow icon 21% less
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Standard Chartered Chief Manager Salary

6 - 18 years exp. (3 salaries)

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₹10 L/yr - ₹18 L/yr

arrow icon 41% less
Chief Manager salary at Indian Overseas Bank ranges between ₹18 Lakhs to ₹40 Lakhs per year for employees with experience between 13 years to 17 years. Salary estimates are based on 23 latest salaries received from various employees of Indian Overseas Bank.

Latest annual salaries shared by Indian Overseas Bank Chief Manager

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15 years exp.
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15 years exp.
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16 years exp.
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15 years exp.
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15 years exp.
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17 years exp.
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15 years exp.
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14 years exp.
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17 years exp.
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16 years exp.

Experience wise Indian Overseas Bank Chief Manager salaries

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
13 years  (4 salaries)

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₹18 L/yr - ₹48.3 L/yr
14 years  (8 salaries)

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₹18 L/yr - ₹40 L/yr
15+ years  (11 salaries)

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₹20 L/yr - ₹32 L/yr

Similar Designation salaries in Indian Overseas Bank

Sales Manager Salary
(AmbitionBox Estimate)
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₹17.1 L/yr - ₹21.8 L/yr
Credit Manager Salary
(19 salaries)
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₹11 L/yr - ₹17 L/yr
Branch Manager Salary
(34 salaries)
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₹8 L/yr - ₹20 L/yr
Deputy Manager Salary
(4 salaries)
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₹10 L/yr - ₹12 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.3 L/yr
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₹3 L/yr - ₹14.1 L/yr
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₹11.75 L/yr - ₹21 L/yr
Branch Head Salary
(7 salaries)
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₹11 L/yr - ₹14.5 L/yr
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₹10.8 L/yr - ₹12 L/yr
Sales Executive Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Salary related reviews for Indian Overseas Bank

3.5

Rated by 7 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 10 Jun 2024

4.0
 for  Salary and Benefits

Likes

Salary at par and comes on time and some sense of job security.

  • Salary - Good
  • +1 more

Dislikes

Arguably one of the worst HR policies in PSBs, Where transfer postings are thoroughly weaponised, every now and then threats for transfer to 'Deep South' is reiterated to employees. No work life balance at all.

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

Security Services Department

2.0
  •  posted on 02 Nov 2024

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...ers who know nothing and have been given the responsibility of managing branch..salary not at par with the growing inflation. Inappropriate people who misuse their power and position..constant threats of transfer.. If you work in iob, then forget that you have any family..work for your ownself only..

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Sep 2023

1.0
 for  Salary and Benefits

Likes

Nothing to like, before joining i thought it will be my best decision but i regret.

Dislikes

... leave were cancelled and converted into Loss of Pay with retrospective effect. The bank ks extremely toxic, doesn’t want staff to grow, extreme level of politics in transfer and salary payments unlike other govt banks where they have transparency in salary payments. The bank is not following the IBA guidelines and suppressing the voice of employee who tries to expose their cunning behaviour. Newly joined POs are not left untouched from this blood boiling frustration, they are treated like Bonded Labours , I request if anyone who has just cleared IBPS to not even think of joining this pathetic bank in the rarest of their dreams, we are stuck here we don’t have any other way to have peace owning to our family responsibilities now. I hope the bank gets private asap so that at least some heed is paid to improve the pathetic condition of the management of Indian Overseas Bank (IOB).

read more
  • Salary - Bad
  • +6 more

BFSI, Investments & Trading Department

5.0
  •  posted on 08 Jun 2020

3.0
 for  Salary and Benefits

Likes

Thermal Screening Availability of hand sanitizer in office Social Distancing Job Rotation & Work from home as per State Govt Guidelines Timely Salary as usual Monetary compensation to purchase Covid related material like mask, sanitizer etc.

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  • Skill development - Excellent
  • +5 more

Dislikes

Salary is less as compared to workload

BFSI, Investments & Trading Department

4.0
  •  posted on 15 Jan 2019

3.0
 for  Salary and Benefits

Likes

One of the best parts of working in a Public sector bank is job Security.Salary is same for all psbs, perks are good.Feels very proud to be a part of the brand IOB as the developments and decisions made by the top management in the last couple of years in a very short time is really appreciable.Training is given almost every year,so you will be able to learn new things as well as roam new places.Good career growth opportunities are also there.

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  • Skill development - Good
  • +5 more

Dislikes

Transfer Policy is very bad.Especially on promotion you are expected to be thrown atleast 1000-1500 kms away from your hometown.In my case it is 1500 kms in a rural place in a different state where no hindi or English is there,so you have to face language problem. Some old policies are there which may demotivate the young people like no Jaiib Caiib increments for the promotees which violates the guidelines of IBA and also demotivates the staff not to take promotion.

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Indian Overseas Bank Chief Manager Salary FAQs

What is the salary of Chief Manager at Indian Overseas Bank ?
The average salary of a Chief Manager at Indian Overseas Bank in India typically ranges from ₹18.0 Lakhs to ₹40.0 Lakhs per year, depending on experience (from 13 years to 17 years).

The top 10% of Chief Manager at Indian Overseas Bank earn more than ₹30.4 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Chief Manager Salaries at Indian Overseas 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 20+ Indian Overseas Bank employees in India.
What is the estimated take home salary of a Chief Manager at Indian Overseas Bank in India?
The estimated take-home salary of a Chief Manager at Indian Overseas Bank in India typically ranges from ₹1,64,278 to ₹1,70,569 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹40.0 Lakhs per year for employees with experience ranging from 13 years to 17 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 20+ salaries received from various employees of Indian Overseas Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Indian Overseas Bank for Chief Manager in India?
Union Bank of India ₹12.0 Lakhs to ₹42.0 Lakhs per year
UCO Bank ₹13.5 Lakhs to ₹33.0 Lakhs per year
Bank of Maharashtra ₹14.0 Lakhs to ₹40.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Overseas Bank, depending on the role and experience level.
What is the salary of a Chief Manager in companies similar to Indian Overseas Bank in India?
The salary of a Chief Manager at companies similar to Indian Overseas Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Central Bank of India ₹12.0 Lakhs to ₹42.2 Lakhs per year
Indian Bank ₹12.5 Lakhs to ₹40.0 Lakhs per year
J&K Bank ₹22.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank ₹10.2 Lakhs to ₹36.0 Lakhs per year
Federal Bank ₹18.0 Lakhs to ₹26.0 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 Chief Manager at Indian Overseas Bank in India?
The salary growth for a Chief Manager at Indian Overseas Bank depends on factors such as experience, performance, and promotions. On average, a Chief Manager can expect the following growth trajectory at Indian Overseas Bank:

Experience Average Salary Range
13 years ₹18.0 Lakhs to ₹48.3 Lakhs per year
14 years ₹18.0 Lakhs to ₹40.0 Lakhs per year
15 years ₹20.0 Lakhs to ₹32.0 Lakhs per year
and so on.

Tell us how to improve this page.

Indian Overseas Bank Chief Manager salary in India ranges between ₹18 Lakhs to ₹40 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 Indian Overseas Bank latest salaries received from various employees of Indian Overseas Bank.