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PSU Banks Chief Manager salaries in India (Updated 2025)

Annual salary range
14 - 26 years exp.
₹15 Lakhs - ₹32 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Chief Manager Salary at PSU Banks ranges between ₹15 Lakhs to ₹32 Lakhs per year for employees with experience between 14 years to 26 years. Salary estimates are based on 4 latest salaries received from... Read more

11% more than the average Chief Manager Salary for 14 - 26 years of experience

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Last Updated: 26 Jun 2025

Companies similar to PSU Banks for Chief Manager

Company name Avg Annual Salary Open Jobs
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ICICI Bank Chief Manager Salary

5 - 23 years exp. (2.4k salaries)

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₹19.3 L/yr - ₹32 L/yr

At par
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Kotak Mahindra Bank Chief Manager Salary

7 - 19 years exp. (780 salaries)

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₹14 L/yr - ₹23.7 L/yr

arrow icon 28% less
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Reliance Retail Chief Manager Salary

8 - 21 years exp. (412 salaries)

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₹20 L/yr - ₹36 L/yr

arrow icon 5% more
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Reliance Industries Chief Manager Salary

7 - 20 years exp. (66 salaries)

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₹13.7 L/yr - ₹25 L/yr

arrow icon 27% less
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HDFC Bank Chief Manager Salary

8 - 15 years exp. (13 salaries)

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₹12.7 L/yr - ₹23.6 L/yr

arrow icon 33% less
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Jio Chief Manager Salary

2 - 7 years exp. (10 salaries)

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₹20 L/yr - ₹28 L/yr

arrow icon 9% less
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Infosys Chief Manager Salary

30 years exp. (4 salaries)

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₹2.6 Cr/yr - ₹4.5 Cr/yr

arrow icon 1284% more
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TCS Chief Manager Salary

7 - 14 years exp. (4 salaries)

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₹5.7 L/yr - ₹70 L/yr

arrow icon 46% more
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Axis Bank Chief Manager Salary

10 - 15 years exp. (4 salaries)

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₹10.8 L/yr - ₹20.1 L/yr

arrow icon 43% less
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Larsen & Toubro Limited Chief Manager Salary

17 - 19 years exp. (4 salaries)

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₹24.4 L/yr - ₹45.6 L/yr

arrow icon 30% more

PSU Banks Chief Manager salaries by

Years of experience Avg. annual salary
14 years (AmbitionBox Estimate)

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₹23.5 L/yr - ₹30 L/yr
15+ years  (3 salaries)

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₹15 L/yr - ₹32 L/yr

Similar Designation Salaries at PSU Banks

Similar Designation Avg. annual salary
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₹8 L/yr - ₹15 L/yr

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₹7.2 L/yr - ₹16.5 L/yr

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₹11.8 L/yr - ₹20 L/yr

Operations Manager Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr

Accountant Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Relationship Manager Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Senior Branch Manager Salary
(AmbitionBox Estimate)
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₹21.6 L/yr - ₹27.6 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
an executive
The day I found out my colleague earns 30% more for the same role
It was an accidental slip. A teammate mentioned her CTC while we were chatting casually. Same designation, same team, joined after me but her salary was almost 30% more. My stomach dropped. I spent days debating whether to bring it up. I didn’t want to come off as insecure or difficult. But I also couldn’t un-know what I knew. Eventually, I had an honest, data-backed conversation with my manager. Turns out, I was right and they revised my pay. It wasn’t easy, but it taught me this: silence doesn’t protect you. Companies run on numbers. If you don’t negotiate, you leave money on the table. Have you ever been in a similar spot? How did you navigate it?
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Salary related reviews for PSU Banks

Full Time

 · 

Finance & Accounting Department

5.0
  •  updated on 21 Sep 2024

4.0
 for  Salary and Benefits

Likes

देश के संसाधनों का बेहतर उपयोग करके लोक कल्याण करना । रोजगार के अवसर उत्पन्न करना । To do public welfare by making better use of the resources of the country. To generate employment opportunities.

read more
  • Salary - Good
  • +5 more

Dislikes

प्राइवेट कॉरपोरेट सेक्टर से कम वेतन । Lower salary than private corporate sector.

read more

Administration & Facilities Department

5.0
  •  updated on 19 Mar 2021

3.0
 for  Salary and Benefits

Likes

I would like to say that, I worked in various departments in JNU, and there is lots of experience to handle students, staffs and knowing about admission process, administrative rules regulations etc. And finance too..

read more
  • Skill development - Good
  • +2 more

Dislikes

There is no opportunity for permanent and salary hiking is very low as per govt. Of NCT of Delhi.

read more

Part Time

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Human Resources Department

5.0
  •  updated on 19 Mar 2023

4.0
 for  Salary and Benefits

Likes

Working in a PSU is not bad. In PSUs the employees are getting very good remuneration in addition to the other benefits like PRP, cafeteria etc.

read more
  • Salary - Good
  • +6 more

Dislikes

In PSU, the employees who were rendered more than 35 years of service are getting a nominal pension of about Rs..4000/-, hence no social security is available if we work in PSU.

read more

BFSI, Investments & Trading Department

4.0
  •  updated on 15 Oct 2017

4.0
 for  Salary and Benefits

Likes

The bank is with CBS system adopted state of the art technology updating from time to time with the need of the hour having excellent inhouse staff training college to impart training at beautiful place Manipal a village but with the status of Cosmopolitan city adore with environment and presence of international students gentry .the bank is unique in innovative products of banking for the common man and community having greater role in the development of the society on the social and economic front with sole aim to be part of startup India,standup India and makeup India along with excellent opportunities for self development and professional career with scope of fast track promotions !!!!! Besides reasonable salary and perks. And lastely to get opportunity to serve the people proudly and honestly.

read more
  • Salary - Good
  • +6 more

Dislikes

Politics of groupism , inappropriate transfer policy , influence of union and associations , victimisation of innocent and non influencial on posting under transfer policy ,non existence of performance based variable pay and perks.

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see more salary related reviews

PSU Banks Chief Manager Salary FAQs

What is the salary of Chief Manager at PSU Banks ?
The average salary of a Chief Manager at PSU Banks in India typically ranges from ₹15.0 Lakhs to ₹32.0 Lakhs per year, depending on experience (from 14 years to 26 years).

The top 10% of Chief Manager at PSU Banks earn more than ₹32.0 Lakhs per year, and the top 1% earn over ₹32.0 Lakhs per year. Chief Manager Salaries at PSU Banks can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 PSU Banks employees in India.
What is the estimated take home salary of a Chief Manager at PSU Banks in India?
The estimated take-home salary of a Chief Manager at PSU Banks in India typically ranges from ₹1,58,950 to ₹1,65,000 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹32.0 Lakhs per year for employees with experience ranging from 14 years to 26 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of PSU Banks. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than PSU Banks for Chief Manager in India?
Infosys ₹260.6 Lakhs to ₹445.0 Lakhs per year
TCS ₹5.7 Lakhs to ₹70.0 Lakhs per year
Larsen & Toubro Limited ₹24.4 Lakhs to ₹45.6 Lakhs per year
Reliance Retail ₹20.0 Lakhs to ₹36.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by PSU Banks, depending on the role and experience level.
What is the salary of a Chief Manager in companies similar to PSU Banks in India?
The salary of a Chief Manager at companies similar to PSU Banks in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹19.3 Lakhs to ₹32.0 Lakhs per year
Jio ₹20.0 Lakhs to ₹28.0 Lakhs per year
Reliance Industries ₹13.7 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindra Bank ₹14.0 Lakhs to ₹23.7 Lakhs per year
HDFC Bank ₹12.7 Lakhs to ₹23.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Chief Manager at PSU Banks in India?
The salary growth for a Chief Manager at PSU Banks depends on factors such as experience, performance, and promotions. On average, a Chief Manager can expect the following growth trajectory at PSU Banks:

Experience Average Salary Range
14 years ₹23.5 Lakhs to ₹30.0 Lakhs per year
15 years ₹15.0 Lakhs to ₹32.0 Lakhs per year
and so on.

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PSU Banks Chief Manager salary in India ranges between ₹15 Lakhs to ₹32 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 PSU Banks latest salaries received from various employees of PSU Banks.