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SBI Payment Services Assistant Manager salaries in Mumbai (Updated 2025)

Annual salary range
2 - 9 years exp.
₹4.5 Lakhs - ₹10 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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19% less than the average Assistant Manager Salary in Financial Services Companies for 2 - 9 years of experience

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Salaries in different departments

Finance & Accounting
Assistant Manager Salary
6 - 8 years exp. (5 salaries)
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₹5.9 L/yr - ₹9 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
2 - 9 years exp. (4 salaries)
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₹5.3 L/yr - ₹8 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.4 L/yr

Procurement & Supply Chain
Assistant Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹10 L/yr

Last Updated: 31 Jan 2025

Companies similar to SBI Payment Services for Assistant Manager in Mumbai

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SBI Payment Services Assistant Manager Salary

2 - 9 years exp. (11 salaries)

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₹4.5 L/yr - ₹10 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Securities Assistant Manager Salary

0 - 7 years exp. (985 salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 50% less
2 job openings
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Edelweiss Assistant Manager Salary

0 - 9 years exp. (308 salaries)

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₹3.5 L/yr - ₹15 L/yr

arrow icon 26% more
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₹3.5 L/yr - ₹7.4 L/yr

arrow icon 21% less
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Axis Direct Assistant Manager Salary

0 - 15 years exp. (98 salaries)

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₹2.3 L/yr - ₹8 L/yr

arrow icon 14% less
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₹4 L/yr - ₹8.5 L/yr

arrow icon 8% less
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CSC Assistant Manager Salary

6 - 13 years exp. (67 salaries)

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₹8.8 L/yr - ₹18 L/yr

arrow icon 103% more
5 job openings
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Sharekhan Assistant Manager Salary

0 - 12 years exp. (51 salaries)

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₹2.4 L/yr - ₹8 L/yr

arrow icon 18% less
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₹9 L/yr - ₹24 L/yr

arrow icon 119% more
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Pine Labs Assistant Manager Salary

4 - 12 years exp. (33 salaries)

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₹3.4 L/yr - ₹10 L/yr

arrow icon 7% more
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JM Financial Assistant Manager Salary

2 - 11 years exp. (27 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 6% more
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₹3.3 L/yr - ₹9.8 L/yr

arrow icon 8% more
10 job openings
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Morningstar Assistant Manager Salary

4 - 16 years exp. (17 salaries)

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₹8 L/yr - ₹27 L/yr

arrow icon 149% more
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Aadhar Housing Finance Assistant Manager Salary

3 - 11 years exp. (15 salaries)

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₹4.3 L/yr - ₹7.5 L/yr

arrow icon 20% less
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₹6.5 L/yr - ₹20.8 L/yr

arrow icon 102% more
Assistant Manager salary at SBI Payment Services ranges between ₹4.5 Lakhs to ₹10 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Payment Services.

Latest annual salaries shared by SBI Payment Services Assistant Manager in Mumbai

2mo ago
₹9 Lakhs
8 years exp.
3mo ago
₹8.5 Lakhs
7 years exp.
5mo ago
₹6 Lakhs
7 years exp.
7mo ago
₹10 Lakhs
8 years exp.
10mo ago
₹5.9 Lakhs
8 years exp.
1y ago
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6 years exp.

Experience wise SBI Payment Services Assistant Manager salaries in Mumbai

Last Updated: 31 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
5 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.7 L/yr
6 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.8 L/yr
View all

Similar Designation salaries in SBI Payment Services

Deputy Manager Salary
(9 salaries)
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₹6 L/yr - ₹8.94 L/yr

Top skills at SBI Payment Services for Assistant Manager

Capex Data Mining OPEX Strategic Planning Export Documentation

Salary related reviews for SBI Payment Services

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 11 Jul 2023

2.0
 for  Salary and Benefits
  • Job security - Excellent
  • +1 more

Dislikes

If you are getting a handsome package go ahead and join if you want to sit and let your work run on others pace its the organization for you. You font have freedom to deal your market segment categories. You cant take business calls on your own. You cant promise any commitment to any of your merchant segment. Service is really extraordinary and because of it you will have a lovely market experience from merchants.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Management Information System Department

5.0
  •  posted on 30 Mar 2022

3.0
 for  Salary and Benefits

Likes

SBI payment is big and reputable brand and balance personal and professional life new experience joiner get awesome package as per market standard. Otherwise many changes happening here once you join u feel a confort and job security Main advantage

read more
  • Job security - Excellent
  • +2 more

Dislikes

Growth not happening career opportunities less

  • Skill development - Poor
  • +2 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 04 Nov 2019

3.0
 for  Salary and Benefits

Likes

i feel so lucky that i am a part of a team.

  • Skill development - Excellent
  • +2 more

Dislikes

... for me . because i belong to jalandhar and i appointed in zira distt ferozepur. so my expensive is more than my salary of month. salary is not increased from joining date which is pain always.

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Complain Department

5.0
  •  posted on 01 Nov 2019

5.0
 for  Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base. As a result, I get to travel abroad, especially to the US and Canada. But on-site travel is completely dependent on your project and client’s location. Mine is a US based client and they have some offices in Toronto, hence I got a B1 visa quickly. Another plus point is that my colleagues come from various cultural backgrounds, and we work happily in collaboration. I also like the employee re-hire policy here.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

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Marketing Department

3.0
  •  posted on 25 Mar 2018

2.0
 for  Salary and Benefits

Likes

Job security and work lifebalance is the big factor which is keeping its employees attached to this organisation.

  • Job security - Excellent
  • +1 more

Dislikes

...ntrol which makes employees confused whom to report. Typical "Yes Boss" company. No incentive and delay in salary credit is regularly problem. HR policy will be major contributor if this company fails.

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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SBI Payment Services Assistant Manager Salary FAQs

What is the salary of Assistant Manager at SBI Payment Services in Mumbai?
The average salary of a Assistant Manager at SBI Payment Services in Mumbai typically ranges from ₹4.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Assistant Manager in Mumbai at SBI Payment Services earn more than ₹9.4 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Assistant Manager Salaries at SBI Payment Services 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 10+ SBI Payment Services employees in India.
What is the estimated take home salary of a Assistant Manager at SBI Payment Services in Mumbai?
The estimated take-home salary of a Assistant Manager at SBI Payment Services in Mumbai typically ranges from ₹51,640 to ₹52,858 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 2 years to 9 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 10+ salaries received from various employees of SBI Payment Services. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Assistant Manager at SBI Payment Services in Mumbai?
To be a Assistant Manager at SBI Payment Services in Mumbai, the key skills required include:

  • - Capex
  • - Data Mining
  • - OPEX
  • - Strategic Planning
  • - Export Documentation

These skills are highly valued at SBI Payment Services and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Payment Services for Assistant Manager in India?
Morningstar ₹8.0 Lakhs to ₹27.0 Lakhs per year
Ocwen Financial Solutions ₹9.0 Lakhs to ₹24.0 Lakhs per year
CSC ₹8.8 Lakhs to ₹18.0 Lakhs per year
Franklin Templeton Investments ₹6.5 Lakhs to ₹20.8 Lakhs per year
Edelweiss ₹3.5 Lakhs to ₹15.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Payment Services, depending on the role and experience level.
What is the salary of a Assistant Manager in companies similar to SBI Payment Services in Mumbai?
The salary of a Assistant Manager at companies similar to SBI Payment Services in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Cards & Payment Services ₹3.3 Lakhs to ₹9.8 Lakhs per year
Pine Labs ₹3.4 Lakhs to ₹10.0 Lakhs per year
JM Financial ₹5.0 Lakhs to ₹12.0 Lakhs per year
National Stock Exchange of India ₹4.0 Lakhs to ₹8.5 Lakhs per year
Axis Direct ₹2.3 Lakhs to ₹8.0 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 SBI Payment Services in Mumbai?
The salary growth for a Assistant Manager at SBI Payment Services 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 SBI Payment Services:

Experience Average Salary Range
2 years ₹5.9 Lakhs to ₹7.6 Lakhs per year
3 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
4 years ₹6.0 Lakhs to ₹7.7 Lakhs per year
5 years ₹6.1 Lakhs to ₹7.7 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Payment Services Assistant Manager salary in Mumbai ranges between ₹4.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 SBI Payment Services latest salaries received from various employees of SBI Payment Services.