PSU Banks Manager Salaries by 20+ Employees (Updated 2025)

6 - 17 years exp.

₹7 Lakhs - ₹20 Lakhs

Salary of majority employees

18% less than the average Manager Salary for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 7 - 14 years exp. (10 salaries)	₹7 L/yr - ₹20 L/yr
Finance & Accounting Manager Salary 9 - 17 years exp. (5 salaries)	₹9 L/yr - ₹18 L/yr
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Customer Success, Service & Operations Manager Salary 6 - 13 years exp. (4 salaries)	₹11 L/yr - ₹15 L/yr

Last Updated: 21 Jan 2025

Companies similar to PSU Banks for Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Manager Salary 6 - 16 years exp. (520 salaries)	₹10 L/yr - ₹40 L/yr 74% more
ICICI Bank Manager Salary 0 - 18 years exp. (4.8k salaries)	₹5.5 L/yr - ₹18.5 L/yr 8% less
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HDFC Bank Manager Salary 0 - 18 years exp. (10.2k salaries)	₹5 L/yr - ₹14.9 L/yr 28% less
Axis Bank Manager Salary 0 - 18 years exp. (6.1k salaries)	₹5 L/yr - ₹14 L/yr 27% less
Kotak Mahindra Bank Manager Salary 0 - 15 years exp. (5.4k salaries)	₹4 L/yr - ₹12 L/yr 39% less
Yes Bank Manager Salary 0 - 17 years exp. (2.6k salaries)	₹4.3 L/yr - ₹13.2 L/yr 34% less
IDFC FIRST Bank Manager Salary 1 - 14 years exp. (1.3k salaries)	₹3.5 L/yr - ₹12.7 L/yr 36% less
IndusInd Bank Manager Salary 0 - 16 years exp. (2k salaries)	₹2.6 L/yr - ₹11.3 L/yr 44% less
Federal Bank Manager Salary 3 - 12 years exp. (260 salaries)	₹7.8 L/yr - ₹24 L/yr 25% more
RBL Bank Manager Salary 1 - 16 years exp. (755 salaries)	₹4.2 L/yr - ₹12.7 L/yr 34% less
Capgemini Manager Salary 5 - 19 years exp. (15.6k salaries)	₹10.8 L/yr - ₹37 L/yr 70% more	2 job openings
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Ernst & Young Manager Salary 4 - 18 years exp. (7.6k salaries)	₹16 L/yr - ₹48.5 L/yr 124% more	105 job openings
Genpact Manager Salary 3 - 20 years exp. (7.4k salaries)	₹5.7 L/yr - ₹24 L/yr 7% more	4 job openings
Deloitte Manager Salary 3 - 20 years exp. (7.1k salaries)	₹16 L/yr - ₹53 L/yr 148% more	4 job openings
PwC Manager Salary 4 - 18 years exp. (6.8k salaries)	₹14 L/yr - ₹45 L/yr 129% more	167 job openings
Cognizant Manager Salary 8 - 20 years exp. (6.1k salaries)	₹13 L/yr - ₹40 L/yr 92% more
Accenture Manager Salary 8 - 22 years exp. (4.1k salaries)	₹13.6 L/yr - ₹47 L/yr 133% more	104 job openings
TCS Manager Salary 6 - 21 years exp. (2.4k salaries)	₹8.5 L/yr - ₹28.1 L/yr 27% more
HCLTech Manager Salary 5 - 20 years exp. (1.5k salaries)	₹7.3 L/yr - ₹28 L/yr 25% more
Wipro Manager Salary 6 - 20 years exp. (1.4k salaries)	₹9.6 L/yr - ₹35 L/yr 72% more	11 job openings

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Manager salary at PSU Banks ranges between ₹7 Lakhs to ₹20 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 20 latest salaries received from various employees of PSU Banks.

Experience wise PSU Banks Manager salaries

Last Updated: 21 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹11 L/yr - ₹22.3 L/yr
7 years (AmbitionBox Estimate)	₹7 L/yr - ₹22.7 L/yr
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8 years (AmbitionBox Estimate)	₹12 L/yr - ₹23 L/yr
9 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹14 L/yr
10 years (4 salaries)	₹9 L/yr - ₹15 L/yr
11 years (AmbitionBox Estimate)	₹11 L/yr - ₹18 L/yr
12 years (4 salaries)	₹12 L/yr - ₹20 L/yr
13 years (3 salaries)	₹10 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹18 L/yr
15+ years (AmbitionBox Estimate)	₹12 L/yr - ₹25.6 L/yr

View all

Similar Designation salaries in PSU Banks

Credit Manager Salary

(4 salaries)

₹10 L/yr - ₹15 L/yr

Deputy Manager Salary

(6 salaries)

₹5.4 L/yr - ₹20 L/yr

Finance Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Financial Analyst Salary

(3 salaries)

₹20 L/yr - ₹30 L/yr

Deputy General Manager Salary

(4 salaries)

₹22 L/yr - ₹45 L/yr

Salary related reviews for PSU Banks

3.5

Rated by 5 employees for salary & benefits

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.

Salary - Good

+5 more

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..

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.

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.

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.

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.

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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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PSU Banks Manager Salary FAQs

What is the salary of Manager at PSU Banks?

Manager salary at PSU Banks in India ranges between ₹7.0 Lakhs to ₹20.0 Lakhs for experience between 6 years to 17 years. According to our estimates it is 18% less than the average Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of PSU Banks India.

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

The average salary of a Manager at PSU Banks is 18% less than the average salary of a Manager in India. To know exact salary insights, login to view.

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

Deloitte Manager Salary - ₹16.0 Lakhs to ₹53.0 Lakhs per year
Accenture Manager Salary - ₹13.6 Lakhs to ₹47.0 Lakhs per year
PwC Manager Salary - ₹14.0 Lakhs to ₹45.0 Lakhs per year
Ernst & Young Manager Salary - ₹16.0 Lakhs to ₹48.5 Lakhs per year
Cognizant Manager Salary - ₹13.0 Lakhs to ₹40.0 Lakhs per year

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

IBM Manager Salary - ₹10.1 Lakhs to ₹41.7 Lakhs per year
State Bank of India Manager Salary - ₹10.0 Lakhs to ₹40.0 Lakhs per year
Wipro Manager Salary - ₹9.6 Lakhs to ₹35.0 Lakhs per year
Capgemini Manager Salary - ₹10.8 Lakhs to ₹37.0 Lakhs per year
Tech Mahindra Manager Salary - ₹10.0 Lakhs to ₹38.2 Lakhs per year

What is the estimated take home salary of a Manager at PSU Banks in India?

The estimated take-home salary of a Manager at PSU Banks ranges between ₹92,701 per month to ₹95,186 per month in India. The take-home salary calculation is based on the average PSU Banks Manager salary in India which ranges between ₹7.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 6 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Manager at PSU Banks?

According to AmbitionBox, 53% of the PSU Banks Managers reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

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PSU Banks Manager Salaries by Location

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PSU Banks Manager Salaries

PSU Banks Manager salary in India ranges between ₹7 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 PSU Banks latest salaries received from various employees of PSU Banks.

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PSU Banks Manager salaries in India (Updated 2025)

Companies similar to PSU Banks for Manager

Latest annual salaries shared by PSU Banks Manager

Experience wise PSU Banks Manager salaries

Similar Designation salaries in PSU Banks

Salary related reviews for PSU Banks

Manager-F&A in New Delhi

Account Assistant in New Delhi

Private Secretary (working remotely)

Senior Branch Manager in New Delhi

PSU Banks Manager Salary FAQs

Tell us how to improve this page.

PSU Banks Manager Salaries by Location