PSU Banks Chief Manager Salaries by 4 Employees (Updated 2025)

12 - 26 years exp.

₹15 Lakhs - ₹32 Lakhs

Salary of majority employees

6% more than the average Chief Manager Salary for 12 - 26 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 12 - 14 years exp. (AmbitionBox Estimate)	₹20.5 L/yr - ₹32 L/yr
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Customer Success, Service & Operations Chief Manager Salary 25 - 26 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹24.2 L/yr

Last Updated: 26 Aug 2024

Companies similar to PSU Banks for Chief Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Chief Manager Salary 11 - 22 years exp. (405 salaries)	₹12.6 L/yr - ₹50 L/yr 34% more
Bank of Baroda Chief Manager Salary 11 - 18 years exp. (250 salaries)	₹12 L/yr - ₹52 L/yr 28% more
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Punjab National Bank Chief Manager Salary 10 - 18 years exp. (162 salaries)	₹14 L/yr - ₹50.5 L/yr 25% more
Canara Bank Chief Manager Salary 10 - 22 years exp. (144 salaries)	₹12 L/yr - ₹40 L/yr 10% more
Bank of India Chief Manager Salary 10 - 19 years exp. (152 salaries)	₹11.1 L/yr - ₹36.9 L/yr 11% more
Union Bank of India Chief Manager Salary 10 - 17 years exp. (150 salaries)	₹12 L/yr - ₹42 L/yr 19% more
Indian Bank Chief Manager Salary 10 - 15 years exp. (67 salaries)	₹12.5 L/yr - ₹40 L/yr 7% more
Central Bank of India Chief Manager Salary 11 - 15 years exp. (54 salaries)	₹12 L/yr - ₹40 L/yr 12% more
Indian Overseas Bank Chief Manager Salary 13 - 17 years exp. (24 salaries)	₹18 L/yr - ₹40 L/yr 8% more
Bank of Maharashtra Chief Manager Salary 9 - 15 years exp. (57 salaries)	₹14 L/yr - ₹38 L/yr 9% more
ICICI Bank Chief Manager Salary 5 - 23 years exp. (2k salaries)	₹12.5 L/yr - ₹37 L/yr 5% more
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Reliance Retail Chief Manager Salary 6 - 22 years exp. (428 salaries)	₹12 L/yr - ₹39 L/yr 12% more
HDFC Bank Chief Manager Salary 4 - 16 years exp. (18 salaries)	₹8 L/yr - ₹26 L/yr 30% less
Jio Chief Manager Salary 3 - 17 years exp. (5 salaries)	₹14 L/yr - ₹28 L/yr 14% less
Axis Bank Chief Manager Salary 10 - 15 years exp. (5 salaries)	₹13 L/yr - ₹16.6 L/yr 34% less
Infosys Chief Manager Salary 30 years exp. (4 salaries)	₹2 Cr/yr - ₹5 Cr/yr 1385% more
TCS Chief Manager Salary 7 - 14 years exp. (4 salaries)	₹5.7 L/yr - ₹70 L/yr 57% more
Larsen & Toubro Limited Chief Manager Salary 17 - 19 years exp. (4 salaries)	₹20.6 L/yr - ₹33.2 L/yr 30% more

Chief Manager salary at PSU Banks ranges between ₹15 Lakhs to ₹32 Lakhs per year for employees with experience between 12 years to 26 years. Salary estimates are based on 4 latest salaries received from various employees of PSU Banks.

Experience wise PSU Banks Chief Manager salaries

Last Updated: 26 Aug 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹44 L/yr
13 years (AmbitionBox Estimate)	₹21.8 L/yr - ₹27.9 L/yr
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14 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹32 L/yr
15+ years (AmbitionBox Estimate)	₹15 L/yr - ₹41.4 L/yr

Similar Designation salaries in PSU Banks

Credit Manager Salary

(4 salaries)

₹10 L/yr - ₹15 L/yr

Branch Manager Salary

(4 salaries)

₹6.5 L/yr - ₹20 L/yr

Deputy Manager Salary

(6 salaries)

₹5.4 L/yr - ₹20 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Salary related reviews for PSU Banks

Manager-F&A in New Delhi

Full Time

Finance & Accounting Department

5.0

• posted 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.

Dislikes

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

Account Assistant in New Delhi

Administration & Facilities Department

5.0

• posted 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..

Dislikes

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

Private Secretary (working remotely)

Part Time

Human Resources Department

5.0

• posted 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.

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.

Senior Branch Manager in New Delhi

BFSI, Investments & Trading Department

4.0

• posted 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.

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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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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PSU Banks Chief Manager Salary FAQs

What is the salary of Chief Manager at PSU Banks?

Chief Manager salary at PSU Banks in India ranges between ₹15.0 Lakhs to ₹32.0 Lakhs for experience between 12 years to 26 years. According to our estimates it is 6% more than the average Chief Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of PSU Banks India.

How does the salary of a Chief Manager at PSU Banks India compare with the average salary range for this job?

The average salary of a Chief Manager at PSU Banks is 6% more than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than PSU Banks to a Chief Manager in India?

Infosys Chief Manager Salary - ₹200.0 Lakhs to ₹500.0 Lakhs per year
TCS Chief Manager Salary - ₹5.7 Lakhs to ₹70.0 Lakhs per year
State Bank of India Chief Manager Salary - ₹12.6 Lakhs to ₹50.0 Lakhs per year
Larsen & Toubro Limited Chief Manager Salary - ₹20.6 Lakhs to ₹33.2 Lakhs per year
Bank of Baroda Chief Manager Salary - ₹12.0 Lakhs to ₹52.0 Lakhs per year

What is the salary of a Chief Manager in companies similar to PSU Banks in India?

Punjab National Bank Chief Manager Salary - ₹14.0 Lakhs to ₹50.5 Lakhs per year
Union Bank of India Chief Manager Salary - ₹12.0 Lakhs to ₹42.0 Lakhs per year
Central Bank of India Chief Manager Salary - ₹12.0 Lakhs to ₹40.0 Lakhs per year
Reliance Retail Chief Manager Salary - ₹12.0 Lakhs to ₹39.0 Lakhs per year
Bank of India Chief Manager Salary - ₹11.1 Lakhs to ₹36.9 Lakhs per year

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 ranges between ₹1,49,878 per month to ₹1,55,518 per month in India. The take-home salary calculation is based on the average PSU Banks Chief Manager salary in India which ranges between ₹15.0 Lakhs to ₹32.0 Lakhs per year for employees with experience between 12 years to 26 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at PSU Banks?

According to AmbitionBox, 43% of the PSU Banks Chief Managers reported a notice period of 3 Months, 28% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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PSU Banks Chief Manager Salaries

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