IndusInd Bank Mumbai Service Manager Salaries by 7 Employees (Updated 2024)

2 - 7 years exp.

₹3 Lakhs - ₹5.5 Lakhs

Salary of majority employees

45% less than the average Service Manager Salary in Banking Companies for 2 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Service Manager Salary 2 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.5 L/yr
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BFSI, Investments & Trading Service Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.7 L/yr

Last Updated: 10 Nov 2023

Companies similar to IndusInd Bank for Service Manager in Mumbai

IndusInd Bank Service Manager Salary

2 - 7 years exp. (7 salaries)

₹3 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Service Manager Salary 4 - 11 years exp. (11 salaries)	₹4.5 L/yr - ₹8.5 L/yr 38% more
ICICI Bank Service Manager Salary 2 - 8 years exp. (12 salaries)	₹3.3 L/yr - ₹7.5 L/yr 23% more
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Axis Bank Service Manager Salary 1 - 10 years exp. (10 salaries)	₹3.5 L/yr - ₹11.2 L/yr 70% more
Kotak Mahindra Bank Service Manager Salary 1 - 13 years exp. (52 salaries)	₹2.6 L/yr - ₹13.3 L/yr 69% more
Yes Bank Service Manager Salary 1 - 8 years exp. (13 salaries)	₹3 L/yr - ₹9 L/yr 30% more
RBL Bank Service Manager Salary 6 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹9.1 L/yr 37% more
IDFC FIRST Bank Service Manager Salary 3 - 14 years exp. (6 salaries)	₹3.5 L/yr - ₹7 L/yr 18% more
Standard Chartered Service Manager Salary 4 - 14 years exp. (19 salaries)	₹4 L/yr - ₹13 L/yr 71% more
Deutsche Bank Service Manager Salary 4 - 11 years exp. (10 salaries)	₹5.9 L/yr - ₹10.9 L/yr 125% more
AU Small Finance Bank Service Manager Salary 0 - 10 years exp. (9 salaries)	₹3.5 L/yr - ₹10 L/yr 24% more

Service Manager salary at IndusInd Bank ranges between ₹3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Service Manager salaries in Mumbai

Last Updated: 10 Nov 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.1 L/yr
3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.6 L/yr
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4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr
7 years (4 salaries)	₹4 L/yr - ₹5.4 L/yr

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Similar Designation salaries in IndusInd Bank

Deputy Manager Salary

(754 salaries)

₹1.7 L/yr - ₹8.05 L/yr

Sales Manager Salary

(49 salaries)

₹2.5 L/yr - ₹11.03 L/yr

Area Manager Salary

(4 salaries)

₹13.82 L/yr - ₹27.5 L/yr

Top skills at IndusInd Bank for Service Manager

Customer Management Insurance Data Analytics Operations Service management Branch Sales Regional Sales Regional Sales Branch Sales Data Analytics Customer Management Service Management Operations Insurance

Salary related reviews for IndusInd Bank

Sales Manager in Surat

Full Time

Sales & Business Development Department

1.0

• posted on 24 Sep 2024

2.0

for Salary and Benefits

Likes

- Salary package good as per market standard.

Dislikes

- Worst Management. - No appreciation for work and achieving targets - Say no every time when trying to apply for leave even if leaves are available and you are informing 2 weeks earlier.

Deputy Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

The Salary is good and nothing else.

Dislikes

The work culture is very bad, especially the reporting managers are just toxic people. They demoralise you rather than influence and inspire. The bank is fond of one thing and that is money. I was in ARD and trust me when I say that they treat you like some commodity which can be used and used only. And you can be assured that at the end end of the day whether your mental health is good or bad they don't care and they won't be bothered by your sad situation. Moreover they do nothing, so that your mental health can improve. You are put under extreme demands and unimaginable pressure both mentally and physically for every day. My opinion is don't join there as the internal workings of the bank is just next to a slum.

Deputy Manager in Sapror

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Jan 2024

2.0

for Salary and Benefits

Likes

Salary on time

Dislikes

No support from subordinate Too much sales pressure Slow system issue Too many layers for talking to high authority No celebration any festival In jfm months satuday holiday they will invite for , complete the targets.

Deputy Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Jun 2023

2.0

for Salary and Benefits

Likes

there is nothing to like north(uttar pradesh) culture of Indusind bank while in other state its good to work with indusind

Dislikes

salary structure , promotion and increament culture if you work with indusind salary growth is 2% in a year ie. if you join on 10000/- salary after 10 year you will reach 15-17 thousand while your grade will increase as CM,AVP,AVP1 also after leave the job if you want to join other bank you are unable to give proper reason why your salary is low

Deputy Manager in Ashok Nagar

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 29 Aug 2023

2.0

for Salary and Benefits

Likes

I have joined IndusInd Bank in December 17 and still working with this organisation my experience is good but compensation and career growth is not as per expections.

Dislikes

Policy procedure is good and working culture is also excellent but only salary hike is not as paer expectations.

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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 Service Manager Salary FAQs

What is the salary of Service Manager at IndusInd Bank Mumbai?

Service Manager salary at IndusInd Bank in Mumbai ranges between ₹3.0 Lakhs to ₹5.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 45% less than the average Service Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of IndusInd Bank Mumbai.

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

The average salary of a Service Manager at IndusInd Bank is 45% less than the average salary of a Service Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Service Manager at IndusInd Bank?

Customer Management, Insurance, Data Analytics, Operations and Service management are some of the popular skills required to work as a Service Manager at IndusInd Bank Mumbai.

Which similar companies are paying more than IndusInd Bank to a Service Manager in Mumbai?

Deutsche Bank Service Manager Salary - ₹5.9 Lakhs to ₹10.9 Lakhs per year
Standard Chartered Service Manager Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
Axis Bank Service Manager Salary - ₹3.5 Lakhs to ₹11.2 Lakhs per year
Kotak Mahindra Bank Service Manager Salary - ₹2.6 Lakhs to ₹13.3 Lakhs per year
HDFC Bank Service Manager Salary - ₹4.5 Lakhs to ₹8.5 Lakhs per year

What is the salary of a Service Manager in companies similar to IndusInd Bank in Mumbai?

RBL Bank Service Manager Salary - ₹5.5 Lakhs to ₹9.1 Lakhs per year
Yes Bank Service Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
AU Small Finance Bank Service Manager Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
ICICI Bank Service Manager Salary - ₹3.3 Lakhs to ₹7.5 Lakhs per year
IDFC FIRST Bank Service Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Service Manager at IndusInd Bank in Mumbai?

The estimated take-home salary of a Service Manager at IndusInd Bank ranges between ₹31,768 per month to ₹33,056 per month in Mumbai. The take-home salary calculation is based on the average IndusInd Bank Service Manager salary in India which ranges between ₹3.0 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Service Manager at IndusInd Bank in Mumbai?

According to AmbitionBox, 50% of the IndusInd Bank Service Managers in Mumbai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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IndusInd Bank Service Manager Salaries in Mumbai

IndusInd Bank Service Manager salary in Mumbai ranges between ₹3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 IndusInd Bank latest salaries received from various employees of IndusInd Bank.