mBank Salaries by 10+ Employees (Updated 2025)

Designation	Avg Annual Salary	Open Jobs
PHP Developer 1 - 3 years exp. (3 salaries)	₹1.6 L/yr - ₹2.1 L/yr
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UX Designer 3 - 4 years exp. (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
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TSM 7 - 8 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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Software Developer 1 - 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Territory Sales Manager 7 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
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Loan Officer 11 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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State Sales Head 19 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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mBank Salary FAQs

What is the minimum salary in mBank?

Minimum salary at mBank depends on the role you are applying for. For PHP Developer the minimum salary is ₹1.6 Lakh to ₹2.1 Lakhs per year, and for TSM the minimum salary is ₹2.4 Lakhs to ₹3 Lakhs per year and so on.

What is the notice period at mBank?

According to AmbitionBox, 83% of the mBank employees reported a notice period of 15 days or less, 17% reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.