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

Annual salary range
8 - 18 years exp.
₹9 Lakhs - ₹30 Lakhs
Salary of majority employees
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6% less than the average Senior Manager Salary in Banking Companies for 8 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
8 - 18 years exp. (29 salaries)
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₹12 L/yr - ₹27.5 L/yr

Finance & Accounting
Senior Manager Salary
10 - 15 years exp. (8 salaries)
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₹15.1 L/yr - ₹25 L/yr

IT & Information Security
Senior Manager Salary
11 - 18 years exp. (7 salaries)
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₹18 L/yr - ₹30 L/yr

Risk Management & Compliance
Senior Manager Salary
9 - 15 years exp. (7 salaries)
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₹16 L/yr - ₹22 L/yr

Customer Success, Service & Operations
Senior Manager Salary
11 - 15 years exp. (3 salaries)
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₹15 L/yr - ₹20.9 L/yr

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Last Updated: 15 Mar 2025

Companies similar to Indian Overseas Bank for Senior Manager

Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Senior Manager Salary

2 - 19 years exp. (3.5k salaries)

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₹6.5 L/yr - ₹19 L/yr

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Yes Bank Senior Manager Salary

2 - 18 years exp. (2.3k salaries)

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₹5.9 L/yr - ₹21.5 L/yr

arrow icon 39% less
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Standard Chartered Senior Manager Salary

6 - 22 years exp. (1.9k salaries)

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₹13 L/yr - ₹46.1 L/yr

arrow icon 37% more
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IDFC FIRST Bank Senior Manager Salary

2 - 18 years exp. (1.3k salaries)

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₹7 L/yr - ₹23 L/yr

arrow icon 30% less
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Bank of America Senior Manager Salary

7 - 18 years exp. (576 salaries)

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₹17 L/yr - ₹47.4 L/yr

arrow icon 62% more
4 job openings
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AU Small Finance Bank Senior Manager Salary

4 - 18 years exp. (492 salaries)

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₹5.5 L/yr - ₹22 L/yr

arrow icon 34% less
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IndusInd Bank Senior Manager Salary

6 - 18 years exp. (354 salaries)

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₹5.3 L/yr - ₹20 L/yr

arrow icon 42% less
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Bandhan Bank Senior Manager Salary

6 - 18 years exp. (313 salaries)

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₹6.5 L/yr - ₹21.5 L/yr

arrow icon 39% less
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Union Bank of India Senior Manager Salary

9 - 15 years exp. (228 salaries)

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₹9 L/yr - ₹35 L/yr

arrow icon 1% more
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Jana Small Finance Bank Senior Manager Salary

6 - 17 years exp. (198 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 54% less
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Senior Manager salary at Indian Overseas Bank ranges between ₹9 Lakhs to ₹30 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 97 latest salaries received from various employees of Indian Overseas Bank.

Latest annual salaries shared by Indian Overseas Bank Senior Manager

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15 years exp.
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18 years exp.
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13 years exp.
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11 years exp.
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15 years exp.
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15 years exp.
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11 years exp.
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18 years exp.

Experience wise Indian Overseas Bank Senior Manager salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹8.3 L/yr - ₹25 L/yr
9 years  (3 salaries)

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₹9 L/yr - ₹36.5 L/yr
10 years  (19 salaries)

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₹12 L/yr - ₹27 L/yr
11 years  (23 salaries)

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₹12.5 L/yr - ₹24 L/yr
12 years  (14 salaries)

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₹13 L/yr - ₹25 L/yr
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Indian Overseas Bank Senior Manager Salary and Career Growth

From

To

Senior Manager

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8 - 18 years exp.

Chief Manager

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13 - 17 years exp.

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

Regional Manager Salary
(AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr
Deputy Manager Salary
(4 salaries)
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₹10 L/yr - ₹12 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹17.1 L/yr - ₹21.8 L/yr
Branch Manager Salary
(34 salaries)
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₹8 L/yr - ₹20 L/yr
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₹9.5 L/yr - ₹12 L/yr
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₹3 L/yr - ₹14.1 L/yr
Team Lead Salary
(3 salaries)
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₹3.2 L/yr - ₹4.8 L/yr
Sales Executive Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹3.6 L/yr - ₹4.6 L/yr
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₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Indian Overseas Bank

2.9

Rated by 24 employees for salary & benefits

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

BFSI, Investments & Trading Department

4.0
  •  posted on 06 Mar 2019

4.0
 for  Salary and Benefits

Likes

...try . IOB is one nice place to work for if u r satisfied being paid for no work. Actually there is no work pressure , no value addition in the Bank's business month on month, and still u r being paid a decent salary. Salary is at par with banking industry but perks are at lower side. Bank forgets u once u r hired. So no grooming also. If u like it, it is d best bank to work for. ;)

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  • Salary - Good
  • +4 more

Dislikes

No grooming opportunity.

  • Skill development - Bad

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.

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  • Skill development - Poor
  • +4 more

Full Time

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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..

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  • Salary - Poor
  • +4 more

Full Time

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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
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Indian Overseas Bank Senior Manager Salary FAQs

What is the salary of Senior Manager at Indian Overseas Bank ?
The average salary of a Senior Manager at Indian Overseas Bank in India typically ranges from ₹9.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 8 years to 18 years).

The top 10% of Senior Manager at Indian Overseas Bank earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹28.8 Lakhs per year. Senior 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 90+ Indian Overseas Bank employees in India.
What is the estimated take home salary of a Senior Manager at Indian Overseas Bank in India?
The estimated take-home salary of a Senior Manager at Indian Overseas Bank in India typically ranges from ₹1,34,647 to ₹1,39,598 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 8 years to 18 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 90+ 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 Senior Manager in India?
Bank of America ₹17.0 Lakhs to ₹47.4 Lakhs per year
Standard Chartered ₹13.0 Lakhs to ₹46.1 Lakhs per year
Reserve Bank of India ₹25.0 Lakhs to ₹35.0 Lakhs per year
HSBC Global Banking and Markets ₹17.0 Lakhs to ₹31.6 Lakhs per year
Federal Bank ₹10.0 Lakhs to ₹30.0 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 Senior Manager in companies similar to Indian Overseas Bank in India?
The salary of a Senior 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:

Indian Bank ₹10.0 Lakhs to ₹30.0 Lakhs per year
Bank of Maharashtra ₹11.6 Lakhs to ₹30.0 Lakhs per year
J&K Bank ₹18.8 Lakhs to ₹22.5 Lakhs per year
Union Bank of India ₹9.0 Lakhs to ₹35.0 Lakhs per year
UCO Bank ₹9.3 Lakhs to ₹30.0 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 Senior Manager at Indian Overseas Bank in India?
The salary growth for a Senior Manager at Indian Overseas Bank depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at Indian Overseas Bank:

Experience Average Salary Range
8 years ₹8.3 Lakhs to ₹25.0 Lakhs per year
9 years ₹9.0 Lakhs to ₹36.5 Lakhs per year
10 years ₹12.0 Lakhs to ₹27.0 Lakhs per year
11 years ₹12.5 Lakhs to ₹24.0 Lakhs per year
and so on.

Tell us how to improve this page.

Indian Overseas Bank Senior Manager salary in India ranges between ₹9 Lakhs to ₹30 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 97 Indian Overseas Bank latest salaries received from various employees of Indian Overseas Bank.