IndusInd Bank Kolkata Manager M1 Salaries by 4 Employees (Updated 2024)

6 - 11 years exp.

₹5.8 Lakhs - ₹6.5 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 - 8 years exp. (3 salaries)	₹5.8 L/yr - ₹7.5 L/yr
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Sales & Business Development Manager M1 Salary 11 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.4 L/yr

Last Updated: 30 Sep 2024

Companies similar to IndusInd Bank for Manager M1 in Kolkata

IndusInd Bank Manager M1 Salary

6 - 11 years exp. (4 salaries)

₹5.8 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 6 - 12 years exp. (6 salaries)	₹7.5 L/yr - ₹8.7 L/yr 32% more
ICICI Bank Manager M1 Salary 1 - 16 years exp. (136 salaries)	₹5 L/yr - ₹16 L/yr 65% more
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Axis Bank Manager M1 Salary 6 - 14 years exp. (9 salaries)	₹4.4 L/yr - ₹9.5 L/yr 25% more
Kotak Mahindra Bank Manager M1 Salary 4 - 9 years exp. (3 salaries)	₹3.8 L/yr - ₹6.5 L/yr 13% less
PwC Manager M1 Salary 4 - 13 years exp. (57 salaries)	₹15.1 L/yr - ₹30.5 L/yr 276% more

Manager M1 salary at IndusInd Bank ranges between ₹5.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Manager M1 salaries in Kolkata

Last Updated: 30 Sep 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
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8 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.2 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹12 L/yr

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Similar Designation salaries in IndusInd Bank

Deputy Manager Salary

(320 salaries)

₹2.3 L/yr - ₹7 L/yr

Branch Manager Salary

(107 salaries)

₹6 L/yr - ₹24 L/yr

Service Manager Salary

(4 salaries)

₹3 L/yr - ₹4.1 L/yr

Area Manager Salary

(3 salaries)

₹11 L/yr - ₹18.25 L/yr

Salary related reviews for IndusInd Bank

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

Service Delivery Manager in Kolkata

Full Time

Finance & Accounting Department

1.0

• posted on 05 Sep 2024

3.0

for Salary and Benefits

Likes

Salary package

Dislikes

There is nothing to like. From on-board to process all are pathetic. The bank itself is struggling to keep its existence in market. From a customer point of view also the bank's service and on line platform are pathetic.

Business Development Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 23 Aug 2024

3.0

for Salary and Benefits

Likes

Salary on 25th every month.

Dislikes

Caste politics and office politics playing major role in here. Particular higher community lobby destroyed many employees future and lives. Especially tamilnadu sales region.

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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 Kolkata?

Manager M1 salary at IndusInd Bank in Kolkata ranges between ₹5.8 Lakhs to ₹6.5 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 4 latest salaries received from various employees of IndusInd Bank Kolkata.

How does the salary of a Manager M1 at IndusInd Bank Kolkata 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 Kolkata. To know exact salary insights, login to view.

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

PwC Manager M1 Salary - ₹15.1 Lakhs to ₹30.5 Lakhs per year
ICICI Bank Manager M1 Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹7.5 Lakhs to ₹8.7 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.4 Lakhs to ₹9.5 Lakhs per year

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

Kotak Mahindra Bank Manager M1 Salary - ₹3.8 Lakhs to ₹6.5 Lakhs per year

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

The estimated take-home salary of a Manager M1 at IndusInd Bank ranges between ₹48,121 per month to ₹49,260 per month in Kolkata. The take-home salary calculation is based on the average IndusInd Bank Manager M1 salary in India which ranges between ₹5.8 Lakhs to ₹6.5 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 in Kolkata?

According to AmbitionBox, 100% of the IndusInd Bank Manager M1s in Kolkata reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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IndusInd Bank Manager M1 Salaries in Kolkata

IndusInd Bank Manager M1 salary in Kolkata ranges between ₹5.8 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IndusInd Bank latest salaries received from various employees of IndusInd Bank.