RBL Bank Mumbai Manager M1 Salaries by 7 Employees (Updated 2025)

5 - 15 years exp.

₹6.8 Lakhs - ₹9.2 Lakhs

Salary of majority employees

26% less than the average Manager M1 Salary in Banking Companies for 5 - 15 years of experience

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Salaries in different departments

Finance & Accounting Manager M1 Salary 6 - 15 years exp. (3 salaries)	₹8 L/yr - ₹9.2 L/yr
Strategic & Top Management Manager M1 Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.5 L/yr
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IT & Information Security Manager M1 Salary 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹8.5 L/yr
Sales & Business Development Manager M1 Salary 7 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9 L/yr

Last Updated: 9 Apr 2024

Companies similar to RBL Bank for Manager M1 in Mumbai

RBL Bank Manager M1 Salary

5 - 15 years exp. (7 salaries)

₹6.8 L/yr - ₹9.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 13 years exp. (23 salaries)	₹6 L/yr - ₹13.3 L/yr 3% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (504 salaries)	₹4.5 L/yr - ₹15 L/yr 30% more
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Axis Bank Manager M1 Salary 5 - 12 years exp. (17 salaries)	₹6 L/yr - ₹10.6 L/yr At par
Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (16 salaries)	₹3.4 L/yr - ₹8.8 L/yr 26% less
Yes Bank Manager M1 Salary 2 - 10 years exp. (6 salaries)	₹5.5 L/yr - ₹10.1 L/yr 7% less
IndusInd Bank Manager M1 Salary 4 - 9 years exp. (8 salaries)	₹5.5 L/yr - ₹8.8 L/yr 18% less
IDFC FIRST Bank Manager M1 Salary 6 - 12 years exp. (6 salaries)	₹5.5 L/yr - ₹8.5 L/yr 11% less
Bandhan Bank Manager M1 Salary 9 - 11 years exp. (3 salaries)	₹7.2 L/yr - ₹9.5 L/yr 2% more

Manager M1 salary at RBL Bank ranges between ₹6.8 Lakhs to ₹9.2 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of RBL Bank.

Experience wise RBL Bank Manager M1 salaries in Mumbai

Last Updated: 9 Apr 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹8.5 L/yr
6 years (AmbitionBox Estimate)	₹8 L/yr - ₹14.8 L/yr
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7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9 L/yr
8 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
9 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
12 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
13 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹14.6 L/yr
14 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9.2 L/yr
15+ years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9.2 L/yr

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Similar Designation salaries in RBL Bank

Deputy Manager Salary

(475 salaries)

₹2.6 L/yr - ₹8 L/yr

Branch Manager Salary

(46 salaries)

₹11.2 L/yr - ₹28.5 L/yr

Project Manager Salary

(24 salaries)

₹5 L/yr - ₹13.5 L/yr

Team Lead Salary

(10 salaries)

₹2.55 L/yr - ₹4.5 L/yr

Store Manager Salary

(4 salaries)

₹10 L/yr - ₹10.23 L/yr

Program Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Service Manager Salary

(4 salaries)

₹5.5 L/yr - ₹9.1 L/yr

Salary related reviews for RBL Bank

Relationship Manager in Pune

Full Time

Sales & Business Development Department

1.0

• posted on 13 Aug 2023

3.0

for Salary and Benefits

Likes

Salary is good

Dislikes

Bad behaviour of Branch Managers to RMPA bank as 0 value in market no business from market you have to source your own friend and family members bank execrations high from ground level RMPA no internal support don’t join this bank only if you want 3 4 month survive then join this bank. No one survive more than 1 year all employees leave within 6 month

Skill development - Bad

+5 more

Relationship Manager in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 05 Mar 2023

2.0

for Salary and Benefits

Likes

Not like

Dislikes

... also. Because I am working with covid time with high risk but I am complet 2.6 years but organization is not support salary and promotion also but this organization is not good for me.

Salary - Poor

+6 more

Deputy Manager in Navi Mumbai

CSR & Social Service Department

2.0

• posted on 26 Dec 2021

1.0

for Salary and Benefits

Likes

Exposure and responsibilities beyond experience which gives a person to learn.

Dislikes

1. No Industry parity in pay 2. Toxic work culture 3. No work-life balance 4. Unbearable infrastructure 5. Namesake designations without much impact on earnings.

Salary - Bad

+5 more

Relationship Manager in Gold Course Road

Marketing & Communication Department

1.0

• posted on 22 Aug 2022

1.0

for Salary and Benefits

Likes

There’s nothing to like about with this bank. honestly, the good part I’d say is Atleast salary was given

Dislikes

Where do I start from, No job stability, Zero work life balance, No salaries paid on time, Manipulative bosses, Dirty corporate politics

Salary - Bad

+6 more

Relationship Manager in Samayapuram,Trichy

Full Time

Sales & Business Development Department

2.0

• posted on 17 Nov 2021

2.0

for Salary and Benefits

Likes

Salary is good,monthly target very low,job security good,total comfortable

Promotions - Excellent

+1 more

Dislikes

He say new branch yearly open to city place offer to me till now can't open to branch till now am working with rural area so this change my bank

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

1w (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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RBL Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at RBL Bank Mumbai?

Manager M1 salary at RBL Bank in Mumbai ranges between ₹6.8 Lakhs to ₹9.2 Lakhs for experience between 5 years to 15 years. According to our estimates it is 26% less than the average Manager M1 Salary in India. Salary estimates are based on 7 latest salaries received from various employees of RBL Bank Mumbai.

How does the salary of a Manager M1 at RBL Bank Mumbai compare with the average salary range for this job?

The average salary of a Manager M1 at RBL Bank is 26% less than the average salary of a Manager M1 in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than RBL Bank to a Manager M1 in Mumbai?

ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹6.0 Lakhs to ₹13.3 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
Axis Bank Manager M1 Salary - ₹6.0 Lakhs to ₹10.6 Lakhs per year

What is the salary of a Manager M1 in companies similar to RBL Bank in Mumbai?

Yes Bank Manager M1 Salary - ₹5.5 Lakhs to ₹10.1 Lakhs per year
IDFC FIRST Bank Manager M1 Salary - ₹5.5 Lakhs to ₹8.5 Lakhs per year
IndusInd Bank Manager M1 Salary - ₹5.5 Lakhs to ₹8.8 Lakhs per year
Kotak Mahindra Bank Manager M1 Salary - ₹3.4 Lakhs to ₹8.8 Lakhs per year

What is the estimated take home salary of a Manager M1 at RBL Bank in Mumbai?

The estimated take-home salary of a Manager M1 at RBL Bank ranges between ₹60,056 per month to ₹61,574 per month in Mumbai. The take-home salary calculation is based on the average RBL Bank Manager M1 salary in India which ranges between ₹6.8 Lakhs to ₹9.2 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at RBL Bank in Mumbai?

According to AmbitionBox, 67% of the RBL Bank Manager M1s in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

RBL Bank Manager M1 salary in Mumbai ranges between ₹6.8 Lakhs to ₹9.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 RBL Bank latest salaries received from various employees of RBL Bank.