Punjab National Bank Mumbai Assistant Manager Salaries by 6 Employees

1 - 10 years exp.

₹6.5 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% more than the average Assistant Manager Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 1 - 10 years exp. (3 salaries)	₹7.2 L/yr - ₹8.8 L/yr
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Finance & Accounting Assistant Manager Salary 4 - 8 years exp. (3 salaries)	₹6.5 L/yr - ₹12 L/yr

Last Updated: 20 Apr 2024

Companies similar to Punjab National Bank for Assistant Manager in Mumbai

Punjab National Bank Assistant Manager Salary

1 - 10 years exp. (6 salaries)

₹6.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Assistant Manager Salary 0 - 9 years exp. (3.5k salaries)	₹1.5 L/yr - ₹5 L/yr 62% less
Axis Bank Assistant Manager Salary 0 - 10 years exp. (2.5k salaries)	₹1.8 L/yr - ₹6 L/yr 56% less	1 job opening
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ICICI Bank Assistant Manager Salary 0 - 8 years exp. (1.6k salaries)	₹2 L/yr - ₹6 L/yr 55% less
HDFC Bank Assistant Manager Salary 0 - 10 years exp. (1.6k salaries)	₹1.8 L/yr - ₹7 L/yr 58% less
Yes Bank Assistant Manager Salary 0 - 10 years exp. (837 salaries)	₹2.4 L/yr - ₹6.6 L/yr 50% less	1 job opening
IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (575 salaries)	₹1.5 L/yr - ₹6.2 L/yr 58% less
IDFC FIRST Bank Assistant Manager Salary 0 - 12 years exp. (554 salaries)	₹2.3 L/yr - ₹6.6 L/yr 47% less
RBL Bank Assistant Manager Salary 0 - 10 years exp. (507 salaries)	₹2 L/yr - ₹7 L/yr 55% less
AU Small Finance Bank Assistant Manager Salary 0 - 12 years exp. (181 salaries)	₹2.6 L/yr - ₹7 L/yr 47% less
Bank of America Assistant Manager Salary 2 - 18 years exp. (165 salaries)	₹8 L/yr - ₹24.5 L/yr 92% more	7 job openings

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Assistant Manager salary at Punjab National Bank ranges between ₹6.5 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Assistant Manager salaries in Mumbai

Last Updated: 20 Apr 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
2 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
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3 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
4 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
5 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
6 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
8 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
9 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
10 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 10 years exp.

Chief Manager

₹

Lakhs/yr

10 - 18 years exp.

Assistant Manager

0 - 10 years exp.

Manager

3 - 12 years exp.

66% hike

Senior Manager

7 - 13 years exp.

35% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Punjab National Bank

Chief Manager Salary

(33 salaries)

₹15 L/yr - ₹50.52 L/yr

Assistant General Manager Salary

(10 salaries)

₹17.75 L/yr - ₹49 L/yr

Officer Salary

(4 salaries)

₹6 L/yr - ₹13 L/yr

Deputy General Manager Salary

(3 salaries)

₹19.8 L/yr - ₹45.88 L/yr

Salary related reviews for Punjab National Bank

Deputy Manager in Patna

Full Time

Strategic & Top Management Department

1.0

• posted on 03 Sep 2024

2.0

for Salary and Benefits

Likes

No matter what you do your salary will remain same.

Job security - Excellent

Dislikes

Frequent transfers to remote villages create hell lot of family problems and other problems as well. Banking sector has hell lot of corruption and you will feel very insecure if you are moral.

Salary - Poor

+5 more

Senior Associate in Mandi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Job security Good Salary Good perks and allowances Supportive to leaners and new joinees Overall good in terms of learning new things

Salary - Good

+1 more

Dislikes

No work life balance Extending work hours Bad management Poor work culture in top management Work pressure too much in officer cadre

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Oct 2023

3.0

for Salary and Benefits

Likes

decent salary and perks but still less than Central Governments employees

Job security - Excellent

Dislikes

Undue pressure is put on us for target completion with staff shortage. Apart from this we have to deal with throttling compliance policies which makes even simple work cumbersome and difficult. There are so many portals for complaints and we are always on our toes.

Skill development - Poor

+3 more

Branch Manager in New Delhi

Finance & Accounting Department

3.0

• posted on 29 Dec 2018

1.0

for Salary and Benefits

Likes

...retirees which were more in the 1980. Pensions have not been updated since 1995. All employees/ retirees have demanded the same benefits as per Central Pay Commission recommendations on salary revision of Central Govt. Employees/ Retirees.

Dislikes

Salary - Bad
Job security - Poor

+1 more

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Aug 2023

3.0

for Salary and Benefits

Likes

Govt. job even if you don't work you will get the same same salary as others.

Job security - Excellent

Dislikes

Lot of manipulation in promotions , if you have connections then only expect promotion. If you have taken a work no one will get involved in it and even if anything happens the same people will come to blame you.

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Punjab National Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Punjab National Bank in Mumbai?

The average salary of a Assistant Manager at Punjab National Bank in Mumbai typically ranges from ₹6.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Assistant Manager in Mumbai at Punjab National Bank earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Manager Salaries at Punjab National Bank 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 6 Punjab National Bank employees in India.

What is the estimated take home salary of a Assistant Manager at Punjab National Bank in Mumbai?

The estimated take-home salary of a Assistant Manager at Punjab National Bank in Mumbai typically ranges from ₹66,803 to ₹68,512 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year to 10 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 6 salaries received from various employees of Punjab National Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Punjab National Bank for Assistant Manager in India?

Bank of America	₹8.0 Lakhs to ₹24.5 Lakhs per year
Barclays	₹7.5 Lakhs to ₹24.0 Lakhs per year
State Bank of India	₹5.2 Lakhs to ₹18.0 Lakhs per year
Bank of Baroda	₹6.0 Lakhs to ₹19.5 Lakhs per year
Bank of India	₹8.0 Lakhs to ₹14.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Punjab National Bank, depending on the role and experience level.

What is the salary of a Assistant Manager in companies similar to Punjab National Bank in Mumbai?

The salary of a Assistant Manager at companies similar to Punjab National Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Canara Bank	₹5.0 Lakhs to ₹21.0 Lakhs per year
Indian Overseas Bank	₹8.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India	₹5.0 Lakhs to ₹14.0 Lakhs per year
Standard Chartered	₹5.0 Lakhs to ₹18.4 Lakhs per year
Central Bank of India	₹6.0 Lakhs to ₹15.0 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 Assistant Manager at Punjab National Bank in Mumbai?

The salary growth for a Assistant Manager at Punjab National Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at Punjab National Bank:

Experience	Average Salary Range
1 year	₹7.7 Lakhs to ₹9.8 Lakhs per year
2 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
3 years	₹8.0 Lakhs to ₹10.2 Lakhs per year
4 years	₹8.1 Lakhs to ₹10.4 Lakhs per year

and so on.

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Punjab National Bank Assistant Manager Salaries in Mumbai

Punjab National Bank Assistant Manager salary in Mumbai ranges between ₹6.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Punjab National Bank latest salaries received from various employees of Punjab National Bank.