Punjab National Bank Mumbai Chief Manager Salaries by 30+ Employees (Updated 2025)

10 - 17 years exp.

₹15 Lakhs - ₹50.5 Lakhs

Salary of majority employees

Fixed (98%)

₹31 Lakhs

Variable (2%)

₹0.6 Lakh

44% more than the average Chief Manager Salary in Banking Companies for 10 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 10 - 15 years exp. (19 salaries)	₹15 L/yr - ₹50.5 L/yr
Finance & Accounting Chief Manager Salary 10 - 17 years exp. (6 salaries)	₹25 L/yr - ₹40 L/yr
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Administration & Facilities Chief Manager Salary 11 years exp. (AmbitionBox Estimate)	₹24 L/yr - ₹30.4 L/yr

Last Updated: 8 Feb 2025

Companies similar to Punjab National Bank for Chief Manager in Mumbai

Punjab National Bank Chief Manager Salary

10 - 17 years exp. (32 salaries)

₹15 L/yr - ₹50.5 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Chief Manager Salary 11 - 22 years exp. (109 salaries)	₹16 L/yr - ₹58.6 L/yr 5% more
ICICI Bank Chief Manager Salary 5 - 23 years exp. (944 salaries)	₹13.8 L/yr - ₹37 L/yr 19% less
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Axis Bank Chief Manager Salary 9 - 13 years exp. (3 salaries)	₹13 L/yr - ₹36 L/yr 33% less
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (407 salaries)	₹8.8 L/yr - ₹31 L/yr 42% less
Yes Bank Chief Manager Salary 3 - 7 years exp. (4 salaries)	₹14 L/yr - ₹30 L/yr 35% less
IDFC FIRST Bank Chief Manager Salary 5 - 20 years exp. (357 salaries)	₹11 L/yr - ₹36 L/yr 29% less
IndusInd Bank Chief Manager Salary 3 - 19 years exp. (331 salaries)	₹5.8 L/yr - ₹18 L/yr 64% less
Bank of Baroda Chief Manager Salary 11 - 18 years exp. (112 salaries)	₹14.5 L/yr - ₹52 L/yr 2% more
Union Bank of India Chief Manager Salary 10 - 17 years exp. (66 salaries)	₹13 L/yr - ₹42 L/yr 3% less
Bank of India Chief Manager Salary 10 - 19 years exp. (46 salaries)	₹13 L/yr - ₹38.6 L/yr 8% less
Canara Bank Chief Manager Salary 10 - 19 years exp. (15 salaries)	₹12 L/yr - ₹45 L/yr 16% less
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Indian Bank Chief Manager Salary 10 - 18 years exp. (14 salaries)	₹17 L/yr - ₹34 L/yr 19% less
Central Bank of India Chief Manager Salary 11 - 15 years exp. (12 salaries)	₹20 L/yr - ₹35.1 L/yr 17% less
Indian Overseas Bank Chief Manager Salary 14 - 17 years exp. (6 salaries)	₹20 L/yr - ₹40 L/yr 8% less
Allahabad Bank Chief Manager Salary 9 - 12 years exp. (4 salaries)	₹15.5 L/yr - ₹20 L/yr 46% less

Chief Manager salary at Punjab National Bank ranges between ₹15 Lakhs to ₹50.5 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 32 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Chief Manager salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
10 years (10 salaries)	₹15 L/yr - ₹40 L/yr
11 years (6 salaries)	₹22.2 L/yr - ₹50 L/yr
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12 years (8 salaries)	₹23 L/yr - ₹50.5 L/yr
13 years (4 salaries)	₹28 L/yr - ₹50.5 L/yr
14 years (AmbitionBox Estimate)	₹16.5 L/yr - ₹56.8 L/yr
15+ years (3 salaries)	₹16.5 L/yr - ₹35 L/yr

View all

Similar Designation salaries in Punjab National Bank

Credit Manager Salary

(14 salaries)

₹10 L/yr - ₹20 L/yr

Salary related reviews for Punjab National Bank

4.5

Rated by 5 employees for salary & benefits

Chief Manager in Patiala

BFSI, Investments & Trading Department

5.0

• posted on 26 Oct 2018

4.0

for Salary and Benefits

Likes

...on is excellent.In a nutshell good and progressive bank with solid fundamentals. Salary is as in other PSU banks.

Salary - Good

+6 more

Dislikes

It is hectic sometimes

Chief Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 05 Oct 2018

4.0

for Salary and Benefits

Likes

... a public sector bank , the activities are as per the directives of RBI/GovtThe. Salary is as per bi-partite settlement between IBA and trade unions.

Salary - Good

+5 more

Dislikes

There is no work-life balance, especially for the branch heads.

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Punjab National Bank Chief Manager Salary FAQs

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

Chief Manager salary at Punjab National Bank in Mumbai ranges between ₹15.0 Lakhs to ₹50.5 Lakhs for experience between 10 years to 17 years. According to our estimates it is 44% more than the average Chief Manager Salary in India. Salary estimates are based on 32 latest salaries received from various employees of Punjab National Bank Mumbai.

How does the salary of a Chief Manager at Punjab National Bank Mumbai compare with the average salary range for this job?

The average salary of a Chief Manager at Punjab National Bank is 44% more than the average salary of a Chief Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Punjab National Bank to a Chief Manager in Mumbai?

State Bank of India Chief Manager Salary - ₹16.0 Lakhs to ₹58.6 Lakhs per year
Bank of Baroda Chief Manager Salary - ₹14.5 Lakhs to ₹52.0 Lakhs per year

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

Union Bank of India Chief Manager Salary - ₹13.0 Lakhs to ₹42.0 Lakhs per year
Bank of India Chief Manager Salary - ₹13.0 Lakhs to ₹38.6 Lakhs per year
Indian Overseas Bank Chief Manager Salary - ₹20.0 Lakhs to ₹40.0 Lakhs per year
Canara Bank Chief Manager Salary - ₹12.0 Lakhs to ₹45.0 Lakhs per year
Central Bank of India Chief Manager Salary - ₹20.0 Lakhs to ₹35.1 Lakhs per year

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

The estimated take-home salary of a Chief Manager at Punjab National Bank ranges between ₹1,93,435 per month to ₹2,01,044 per month in Mumbai. The take-home salary calculation is based on the average Punjab National Bank Chief Manager salary in India which ranges between ₹15.0 Lakhs to ₹50.5 Lakhs per year for employees with experience between 10 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at Punjab National Bank in Mumbai?

According to AmbitionBox, 100% of the Punjab National Bank Chief Managers in Mumbai reported a notice period of 3 Months.This is based on 21 responses on AmbitionBox in last 2 years.

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Punjab National Bank Chief Manager Salaries in Mumbai

Punjab National Bank Chief Manager salary in Mumbai ranges between ₹15 Lakhs to ₹50.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Punjab National Bank latest salaries received from various employees of Punjab National Bank.