IndusInd Bank Manager M1 Salaries by 30+ Employees (Updated 2024)

6 - 11 years exp.

₹3.5 Lakhs - ₹8.8 Lakhs

Salary of majority employees

44% less than the average Manager M1 Salary in Banking Companies for 6 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 6 - 11 years exp. (19 salaries)	₹5.5 L/yr - ₹8.8 L/yr
Finance & Accounting Manager M1 Salary 6 - 11 years exp. (6 salaries)	₹5.2 L/yr - ₹7.8 L/yr
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Customer Success, Service & Operations Manager M1 Salary 6 - 8 years exp. (3 salaries)	₹6 L/yr - ₹7.2 L/yr
Product Management Manager M1 Salary 7 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.9 L/yr
Sales & Business Development Manager M1 Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.5 L/yr

Last Updated: 8 Dec 2024

Companies similar to IndusInd Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 14 years exp. (154 salaries)	₹5 L/yr - ₹12.1 L/yr 27% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	₹4.5 L/yr - ₹17 L/yr 62% more
Login to view exact salary
Axis Bank Manager M1 Salary 5 - 14 years exp. (155 salaries)	₹4.2 L/yr - ₹10.6 L/yr 22% more
Kotak Mahindra Bank Manager M1 Salary 1 - 12 years exp. (44 salaries)	₹3 L/yr - ₹10 L/yr 12% less
Yes Bank Manager M1 Salary 1 - 12 years exp. (32 salaries)	₹5.5 L/yr - ₹10.1 L/yr 17% more
RBL Bank Manager M1 Salary 4 - 17 years exp. (19 salaries)	₹5.7 L/yr - ₹11.9 L/yr 19% more
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (42 salaries)	₹5 L/yr - ₹9.5 L/yr 12% more
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (8 salaries)	₹7.2 L/yr - ₹9.5 L/yr 30% more
AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (32 salaries)	₹3.6 L/yr - ₹10.8 L/yr 8% more
Jana Small Finance Bank Manager M1 Salary 4 - 16 years exp. (7 salaries)	₹5.1 L/yr - ₹8 L/yr 7% less
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 42% more
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IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	₹13.5 L/yr - ₹20 L/yr 174% more
Bank of Baroda Manager M1 Salary 7 - 10 years exp. (4 salaries)	₹7.5 L/yr - ₹10.5 L/yr 40% more
Fincare Small Finance Bank Manager M1 Salary 6 - 7 years exp. (4 salaries)	₹3.6 L/yr - ₹5.6 L/yr 19% less
Ujjivan Small Finance Bank Manager M1 Salary 5 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.2 L/yr 17% less

Manager M1 salary at IndusInd Bank ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 37 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Manager M1 salaries

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
6 years (10 salaries)	₹5.2 L/yr - ₹8 L/yr
7 years (8 salaries)	₹4.8 L/yr - ₹8.5 L/yr
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8 years (10 salaries)	₹3.5 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹11.8 L/yr
10 years (4 salaries)	₹2.7 L/yr - ₹8.5 L/yr
11 years (4 salaries)	₹6.5 L/yr - ₹8 L/yr

View all

Similar Designation salaries in IndusInd Bank

Team Manager Salary

(43 salaries)

₹3 L/yr - ₹11 L/yr

Area Manager Salary

(57 salaries)

₹6.2 L/yr - ₹21.65 L/yr

Store Manager Salary

(4 salaries)

₹3.5 L/yr - ₹13 L/yr

Team Lead Salary

(100 salaries)

₹1.2 L/yr - ₹7 L/yr

Branch Manager Salary

(1k salaries)

₹6 L/yr - ₹25 L/yr

Deputy Manager Salary

(3.7k salaries)

₹1.7 L/yr - ₹8.13 L/yr

Program Manager Salary

(40 salaries)

₹7.38 L/yr - ₹31.13 L/yr

Project Manager Salary

(75 salaries)

₹9 L/yr - ₹35 L/yr

Cluster Manager Salary

(28 salaries)

₹5 L/yr - ₹14 L/yr

Service Manager Salary

(76 salaries)

₹3 L/yr - ₹5.95 L/yr

Salary related reviews for IndusInd Bank

3.1

Rated by 11 employees for salary & benefits

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.

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

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.

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.

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..

Service Delivery Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 20 Sep 2024

4.0

for Salary and Benefits

Likes

Salary credited on time

Dislikes

According to customer's point of view...it provides horrible service.seniors are just mis-utilising their position...the timing is 8.45am to 7.00pm but cluster manager as well as bm force to sit and complete the targets ...They calls often most of the holidays to work full time at branch...if u will join this bank specially in bbsr region your personal life and mental health will be destroyed.Every day pressure and sells targets.Bms and cluster manager behaves rudely and they puts pressure until u committee suicide 🙏 please don't join this bank

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 6 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 37 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 ₹17.0 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 ₹12.1 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹10.6 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
IDFC FIRST Bank Manager M1 Salary - ₹5.0 Lakhs to ₹9.5 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 ₹49,364 per month to ₹50,530 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 6 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, 60% 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 67 responses on AmbitionBox in last 2 years.

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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 37 IndusInd Bank latest salaries received from various employees of IndusInd Bank.

IndusInd Bank Manager M1 salaries in India

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

Deputy Manager in Guwahati

Deputy Manager in Mumbai

Service Delivery Manager in New Delhi

Branch Manager in Kochi

Service Delivery Manager in Bhubaneswar

IndusInd Bank Manager M1 Salary FAQs

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IndusInd Bank Manager M1 Salaries by Location