IndusInd Bank Manager M1 Salaries by 40+ Employees (Updated 2025)

4 - 11 years exp.

₹3.5 Lakhs - ₹8.8 Lakhs

Salary of majority employees

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44% less than the average Manager M1 Salary in Banking Companies for 4 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 5 - 11 years exp. (21 salaries)	Unlock ₹5.5 L/yr - ₹8.8 L/yr
Customer Success, Service & Operations Manager M1 Salary 4 - 11 years exp. (6 salaries)	Unlock ₹6.5 L/yr - ₹8 L/yr
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Finance & Accounting Manager M1 Salary 6 - 11 years exp. (6 salaries)	Unlock ₹5.2 L/yr - ₹7.8 L/yr
Product Management Manager M1 Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹4.8 L/yr - ₹6.9 L/yr
Sales & Business Development Manager M1 Salary 10 - 11 years exp. (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹8.5 L/yr

Last Updated: 20 Feb 2025

Companies similar to IndusInd Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 14 years exp. (148 salaries)	Unlock ₹5 L/yr - ₹13.3 L/yr 28% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	Unlock ₹4.5 L/yr - ₹15 L/yr 60% more
Login to view exact salary
Axis Bank Manager M1 Salary 5 - 14 years exp. (165 salaries)	Unlock ₹4.2 L/yr - ₹12 L/yr 25% more
Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (42 salaries)	Unlock ₹3 L/yr - ₹10 L/yr 9% less
Yes Bank Manager M1 Salary 1 - 13 years exp. (35 salaries)	Unlock ₹5.5 L/yr - ₹10.1 L/yr 17% more
RBL Bank Manager M1 Salary 4 - 17 years exp. (19 salaries)	Unlock ₹5.7 L/yr - ₹11.9 L/yr 19% more
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (44 salaries)	Unlock ₹5 L/yr - ₹9.5 L/yr 13% more
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (10 salaries)	Unlock ₹7.2 L/yr - ₹9.5 L/yr 29% more
AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (37 salaries)	Unlock ₹3.6 L/yr - ₹11 L/yr 11% more
Equitas Small Finance Bank Manager M1 Salary 7 - 13 years exp. (23 salaries)	Unlock ₹5.6 L/yr - ₹11 L/yr 23% more
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	Unlock ₹6.9 L/yr - ₹10 L/yr 42% more
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IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	Unlock ₹13.5 L/yr - ₹20 L/yr 175% more
Bank of Baroda Manager M1 Salary 7 - 10 years exp. (4 salaries)	Unlock ₹7.5 L/yr - ₹10.5 L/yr 41% more
Jana Small Finance Bank Manager M1 Salary 10 - 16 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹6.5 L/yr 7% less
Ujjivan Small Finance Bank Manager M1 Salary 5 - 13 years exp. (4 salaries)	Unlock ₹4.5 L/yr - ₹6.2 L/yr 16% less

Manager M1 salary at IndusInd Bank ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 44 latest salaries received from various employees of IndusInd Bank.

Latest annual salaries shared by IndusInd Bank Manager M1

1w ago

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8 years exp.

1w ago

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7 years exp.

1w ago

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10 years exp.

2w ago

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9 years exp.

3w ago

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11 years exp.

1mo ago

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10 years exp.

2mo ago

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8 years exp.

2mo ago

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9 years exp.

3mo ago

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7 years exp.

4mo ago

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10 years exp.

Experience wise IndusInd Bank Manager M1 salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹7 L/yr
5 years (3 salaries)	Unlock ₹5.5 L/yr - ₹8 L/yr
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6 years (11 salaries)	Unlock ₹5.2 L/yr - ₹8 L/yr
7 years (8 salaries)	Unlock ₹4.8 L/yr - ₹8.5 L/yr
8 years (10 salaries)	Unlock ₹3.5 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4 L/yr - ₹8.8 L/yr
10 years (5 salaries)	Unlock ₹6.7 L/yr - ₹8.5 L/yr
11 years (4 salaries)	Unlock ₹6.5 L/yr - ₹8 L/yr

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Similar Designation salaries in IndusInd Bank

Team Manager Salary

(33 salaries)

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₹3.25 L/yr - ₹6.13 L/yr

Area Manager Salary

(63 salaries)

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₹6.36 L/yr - ₹24.7 L/yr

Store Manager Salary

(4 salaries)

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₹3.5 L/yr - ₹13 L/yr

Team Lead Salary

(139 salaries)

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₹1.2 L/yr - ₹7 L/yr

Branch Manager Salary

(1.1k salaries)

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₹6.09 L/yr - ₹24.94 L/yr

Deputy Manager Salary

(3.7k salaries)

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₹1.7 L/yr - ₹8.5 L/yr

Program Manager Salary

(42 salaries)

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₹7.44 L/yr - ₹32 L/yr

Project Manager Salary

(79 salaries)

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₹9.4 L/yr - ₹38 L/yr

Cluster Manager Salary

(24 salaries)

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₹5 L/yr - ₹12.65 L/yr

Service Manager Salary

(78 salaries)

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₹3 L/yr - ₹5.95 L/yr

Salary related reviews for IndusInd Bank

3.3

Rated by 12 employees for salary & benefits

Business Development Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 03 Jan 2025

2.0

for Salary and Benefits

Likes

Only thing i like salary on 25 of every month nothing else

Dislikes

No proper support from managers branch managers are dangerous towards employee favourite employe get good support . Not treat equally . No proper hr support . Manager use their power to spoil employee life. Unrealistic target . This is not bank these are insurance company. They only focus on insurance. No proper training. No proper support . Second thing if u have do pr die situation then join Indusind bank other wise explore your self and search other opportunities. Hr not received your call . Hr will also not understand your problem even you share medical thereafter they will not relieve you . Hr is only for name and position. Huge politics . If you hard worker employee and source good business then managers will map your clients to his favourite employee. They will treat you like you are slave. (Convulsion) Pls don’t join until and unless you have do or die situation either join for 1 or 6 months after resigned )

Salary - Poor

+5 more

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

Service Delivery Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Oct 2024

3.0

for Salary and Benefits

Likes

Every process is slow and complicated

Dislikes

1. Joining process slow and worst 2. Once you join you have to do struggle to open your own salary account. 3. When you start doing operations, every process is so complicated. 4. If you open accounts, accounts getting freeze or total freeze in some time. 5. No support from BM, they said "I need business only do it from anywhere" and by mistake if portfolio assigned then you have to do sttrugle for customer you have to fight for your portfolio from KAM or RM, every customer is owned by KAM or RM from your portfolio. 6. MH, RH invites you on weekend for business in branch, branches open on weekends for only business.

Skill development - Bad

+5 more

Branch Manager in Kochi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...nonuse at all...you have to recruit staff...suddenly all policies will change...they ensure u don't get bonus or rating if u do not complete amfi or irda...all these r communicated at last minute...no support n extended targets too which u can never achieve..

Salary - Bad

+6 more

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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IndusInd Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at IndusInd Bank?

Manager M1 salary at IndusInd Bank in India ranges between ₹3.5 Lakhs to ₹8.8 Lakhs for experience between 4 years to 11 years. According to our estimates it is 44% less than the average Manager M1 Salary in India. Salary estimates are based on 44 latest salaries received from various employees of IndusInd Bank India.

How does the salary of a Manager M1 at IndusInd Bank India compare with the average salary range for this job?

The average salary of a Manager M1 at IndusInd Bank is 44% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than IndusInd Bank to a Manager M1 in India?

IDBI Bank Manager M1 Salary - ₹13.5 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
Standard Chartered Manager M1 Salary - ₹6.9 Lakhs to ₹10.0 Lakhs per year
Bank of Baroda Manager M1 Salary - ₹7.5 Lakhs to ₹10.5 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year

What is the salary of a Manager M1 in companies similar to IndusInd Bank in India?

HDFC Bank Manager M1 Salary - ₹5.0 Lakhs to ₹13.3 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹12.0 Lakhs per year
Equitas Small Finance Bank Manager M1 Salary - ₹5.6 Lakhs to ₹11.0 Lakhs per year
RBL Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.9 Lakhs per year
Yes Bank Manager M1 Salary - ₹5.5 Lakhs to ₹10.1 Lakhs per year

What is the estimated take home salary of a Manager M1 at IndusInd Bank in India?

The estimated take-home salary of a Manager M1 at IndusInd Bank ranges between ₹49,190 per month to ₹50,352 per month in India. The take-home salary calculation is based on the average IndusInd Bank Manager M1 salary in India which ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at IndusInd Bank?

According to AmbitionBox, 63% of the IndusInd Bank Manager M1s reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 60 responses on AmbitionBox in last 2 years.

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IndusInd Bank Manager M1 Salaries by Location

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IndusInd Bank Manager M1 Salaries

IndusInd Bank Manager M1 salary in India ranges between ₹3.5 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 44 IndusInd Bank latest salaries received from various employees of IndusInd Bank.

IndusInd Bank Manager M1 salaries in India (Updated 2025)

Companies similar to IndusInd Bank for Manager M1

Latest annual salaries shared by IndusInd Bank Manager M1

Experience wise IndusInd Bank Manager M1 salaries

Similar Designation salaries in IndusInd Bank

Salary related reviews for IndusInd Bank

Business Development Manager in New Delhi

Deputy Manager in Guwahati

Deputy Manager in Mumbai

Service Delivery Manager in New Delhi

Branch Manager in Kochi

IndusInd Bank Manager M1 Salary FAQs

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