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Indian Overseas Bank Manager salaries in India (Updated 2025)

Annual salary range
9 - 13 years exp.
₹7 Lakhs - ₹25 Lakhs
Salary of majority employees
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8% less than the average Manager Salary in Banking Companies for 9 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
9 - 13 years exp. (38 salaries)
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₹8.2 L/yr - ₹24 L/yr

Finance & Accounting
Manager Salary
9 - 13 years exp. (20 salaries)
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₹9.5 L/yr - ₹22 L/yr

Customer Success, Service & Operations
Manager Salary
9 - 10 years exp. (6 salaries)
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₹9 L/yr - ₹15 L/yr

IT & Information Security
Manager Salary
9 - 11 years exp. (5 salaries)
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₹9.6 L/yr - ₹20 L/yr

Project & Program Management
Manager Salary
10 - 12 years exp. (4 salaries)
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₹10 L/yr - ₹20 L/yr

View all

Last Updated: 14 Mar 2025

Companies similar to Indian Overseas Bank for Manager

Company name Avg Annual Salary Open Jobs
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State Bank of India Manager Salary

6 - 16 years exp. (522 salaries)

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₹10 L/yr - ₹40 L/yr

arrow icon 53% more
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ICICI Bank Manager Salary

0 - 18 years exp. (4.8k salaries)

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₹5.6 L/yr - ₹18.6 L/yr

arrow icon 19% less
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HDFC Bank Manager Salary

0 - 18 years exp. (10.2k salaries)

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₹5 L/yr - ₹14.6 L/yr

arrow icon 37% less
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Axis Bank Manager Salary

0 - 18 years exp. (6.1k salaries)

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₹4.9 L/yr - ₹14 L/yr

arrow icon 36% less
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Punjab National Bank Manager Salary

3 - 11 years exp. (205 salaries)

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₹7 L/yr - ₹22 L/yr

arrow icon 2% less
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Bank of Baroda Manager Salary

5 - 14 years exp. (323 salaries)

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₹8 L/yr - ₹28 L/yr

arrow icon 17% more
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Canara Bank Manager Salary

4 - 14 years exp. (342 salaries)

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₹8.4 L/yr - ₹25 L/yr

arrow icon 10% more
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Union Bank of India Manager Salary

5 - 13 years exp. (173 salaries)

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₹7 L/yr - ₹23 L/yr

arrow icon 6% less
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Kotak Mahindra Bank Manager Salary

0 - 15 years exp. (5.4k salaries)

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₹4 L/yr - ₹12 L/yr

arrow icon 47% less
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IDBI Bank Manager Salary

6 - 17 years exp. (653 salaries)

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₹10 L/yr - ₹29 L/yr

arrow icon 29% more
View all
Manager salary at Indian Overseas Bank ranges between ₹7 Lakhs to ₹25 Lakhs per year for employees with experience between 9 years to 13 years. Salary estimates are based on 112 latest salaries received from various employees of Indian Overseas Bank.

Latest annual salaries shared by Indian Overseas Bank Manager

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Experience wise Indian Overseas Bank Manager salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
9 years  (31 salaries)

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₹9 L/yr - ₹20 L/yr
10 years  (43 salaries)

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₹7 L/yr - ₹24 L/yr
11 years  (20 salaries)

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₹10 L/yr - ₹25 L/yr
12 years  (14 salaries)

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₹11 L/yr - ₹20 L/yr
13 years  (4 salaries)

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₹6.3 L/yr - ₹22 L/yr
Indian Overseas Bank Manager Salary and Career Growth

From

To

Manager

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9 - 13 years exp.

Chief Manager

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13 - 17 years exp.

Manager 9 - 13 years exp.
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Senior Manager 8 - 18 years exp.
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arrow icon 37% hike
    Chief Manager 13 - 17 years exp.
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    arrow icon 27% 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 Overseas Bank

    Credit Manager Salary
    (19 salaries)
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    ₹11 L/yr - ₹17 L/yr
    Deputy Manager Salary
    (4 salaries)
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    ₹10 L/yr - ₹12 L/yr
    Finance Manager Salary
    (AmbitionBox Estimate)
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    ₹15.3 L/yr - ₹19.5 L/yr
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    ₹9 L/yr - ₹15 L/yr
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    ₹24 L/yr - ₹30 L/yr
    Senior Consultant Salary
    (AmbitionBox Estimate)
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    ₹9 L/yr - ₹11.5 L/yr

    Salary related reviews for Indian Overseas Bank

    3.3

    Rated by 31 employees for salary & benefits

    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

    Product Management Department

    5.0
      •  posted on 30 Sep 2019

    4.0
     for  Salary and Benefits

    Likes

    The Indian overseas bank is one of the leading PUBLIC sector Bank. Job security is excellent and carrer growth is average as reservation policy of central govt. Is strictly implemented. Regarding salary it is satisfactory not excellent. Traing and work culture is more than excellent what I felt within my 31 yrs of service. The ovehaul assessment of my previous company Indian Overseas Bank is excellent.

    read more
    • Salary - Good
    • +5 more

    Dislikes

    ... as I am from general category the promotional prospects were kin competition. The salary structure was better while I jioned, later in last two salary revisions psu bank employees are getting less salary than GOI employees.

    read more

    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

     · 

    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.

    read more
    • Skill development - Excellent
    • +5 more

    Dislikes

    Salary is less as compared to workload

    see more salary related reviews

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    Indian Overseas Bank Manager Salary FAQs

    What is the salary of Manager at Indian Overseas Bank ?
    The average salary of a Manager at Indian Overseas Bank in India typically ranges from ₹7.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 9 years to 13 years).

    The top 10% of Manager at Indian Overseas Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹24.4 Lakhs per year. 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 100+ Indian Overseas Bank employees in India.
    What is the estimated take home salary of a Manager at Indian Overseas Bank in India?
    The estimated take-home salary of a Manager at Indian Overseas Bank in India typically ranges from ₹1,03,346 to ₹1,06,175 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 9 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 100+ 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 Manager in India?
    Bank of America ₹11.5 Lakhs to ₹38.0 Lakhs per year
    State Bank of India ₹10.0 Lakhs to ₹40.0 Lakhs per year
    IDBI Bank ₹10.0 Lakhs to ₹29.0 Lakhs per year
    Bank of Baroda ₹8.0 Lakhs to ₹28.0 Lakhs per year
    Standard Chartered ₹7.0 Lakhs to ₹27.0 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 Manager in companies similar to Indian Overseas Bank in India?
    The salary of a 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:

    Federal Bank ₹7.8 Lakhs to ₹24.0 Lakhs per year
    Canara Bank ₹8.4 Lakhs to ₹25.0 Lakhs per year
    Barclays ₹7.9 Lakhs to ₹27.0 Lakhs per year
    NatWest Group ₹7.3 Lakhs to ₹24.5 Lakhs per year
    HSBC Global Banking and Markets ₹7.6 Lakhs to ₹21.5 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 Manager at Indian Overseas Bank in India?
    The salary growth for a Manager at Indian Overseas Bank depends on factors such as experience, performance, and promotions. On average, a Manager can expect the following growth trajectory at Indian Overseas Bank:

    Experience Average Salary Range
    9 years ₹9.0 Lakhs to ₹20.0 Lakhs per year
    10 years ₹7.0 Lakhs to ₹24.0 Lakhs per year
    11 years ₹10.0 Lakhs to ₹25.0 Lakhs per year
    12 years ₹11.0 Lakhs to ₹20.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Indian Overseas Bank Manager salary in India ranges between ₹7 Lakhs to ₹25 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 112 Indian Overseas Bank latest salaries received from various employees of Indian Overseas Bank.