IndusInd Bank Deputy Manager Scale 1 Salaries by 4 Employees

3 - 5 years exp.

₹2.9 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

33% less than the average Deputy Manager Scale 1 Salary in Banking Companies for 3 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Scale 1 Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
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Sales & Business Development Deputy Manager Scale 1 Salary 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 27 Apr 2024

Companies similar to IndusInd Bank for Deputy Manager Scale 1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (44 salaries)	₹3.4 L/yr - ₹5.8 L/yr 36% more
Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 21% more
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Bank of Maharashtra Deputy Manager Scale 1 Salary 0 - 6 years exp. (7 salaries)	₹8 L/yr - ₹10 L/yr 155% more
IDFC FIRST Bank Deputy Manager Scale 1 Salary 1 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr 39% more
HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 52% more

Deputy Manager Scale 1 salary at IndusInd Bank ranges between ₹2.9 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Deputy Manager Scale 1 salaries

Last Updated: 27 Apr 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

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Salary related reviews for IndusInd Bank

Deputy Manager Grade 2 in Chennai

Full Time

Legal & Regulatory Department

3.0

• posted on 10 Feb 2025

2.0

for Salary and Benefits

Likes

Some managers are nice, Saturdays are off Flexible timings Work life balance is fine. Job security if u work really well.

Job security - Good

+2 more

Dislikes

No Salary hike. Even house help can get more hike than here promotion Skill development Managers can be annoying They will dump more work on person who works efficiently others can enjoy with no work and salary. Salary increment very poor even for the person gets amazing Performance ratings. No promotion also.

Salary - Poor

+2 more

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jan 2025

5.0

for Salary and Benefits

Likes

On time salary

Salary - Excellent

Dislikes

Please don't select this bank. they will not give proper recognition for our work.bank is good but work nature and way for work is totally bad. Backend process is entirely bad to work . opening an account is impossible for all the customers worst online apps. without backend support employees can't work freely. They need business only but don't support for doing business (support means I am telling about backend process).do not encourage employees for doing work. each and every month pip will be issued for every month Target. I don't even see such a bank like this . Don't spoil your life in joining indusind bank.shares also getting down 👎.bad job security.they will not accept the fault on them till your last date.

Skill development - Bad

+5 more

Associate Vice President in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 16 Dec 2024

4.0

for Salary and Benefits

Likes

...corporate. Work life balance, knowledge uplift, work satisfaction are very good. Salary and Appraisal are low when compared to industry. Seniors guide us well.

Salary - Good

+5 more

Dislikes

Salary and Appraisal.

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

Job security, salary on time

Job security - Good

Dislikes

At Opus center, Mumbai, Work culture is very pathetic, the super Manager raises issues which are not even required and are small. Work life balance is poor. Hasim Shaikh is Therki and favour majority female employees. Promotion is poorly done.

Salary - Poor

+3 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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IndusInd Bank Deputy Manager Scale 1 Salary FAQs

What is the salary of Deputy Manager Scale 1 at IndusInd Bank ?

The average salary of a Deputy Manager Scale 1 at IndusInd Bank in India typically ranges from ₹2.9 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Deputy Manager Scale 1 at IndusInd Bank earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Deputy Manager Scale 1 Salaries at IndusInd 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 IndusInd Bank employees in India.

What is the estimated take home salary of a Deputy Manager Scale 1 at IndusInd Bank in India?

The estimated take-home salary of a Deputy Manager Scale 1 at IndusInd Bank in India typically ranges from ₹25,608 to ₹27,038 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IndusInd Bank for Deputy Manager Scale 1 in India?

Bank of Maharashtra	₹8.0 Lakhs to ₹10.0 Lakhs per year
HDFC Bank	₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank	₹3.2 Lakhs to ₹6.4 Lakhs per year
ICICI Bank	₹3.4 Lakhs to ₹5.8 Lakhs per year
Axis Bank	₹3.3 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndusInd Bank, depending on the role and experience level.

How the salary growth look like for a Deputy Manager Scale 1 at IndusInd Bank in India?

The salary growth for a Deputy Manager Scale 1 at IndusInd Bank depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Scale 1 can expect the following growth trajectory at IndusInd Bank:

Experience	Average Salary Range
3 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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IndusInd Bank Deputy Manager Scale 1 Salaries

IndusInd Bank Deputy Manager Scale 1 salary in India ranges between ₹2.9 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IndusInd Bank latest salaries received from various employees of IndusInd Bank.