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This company page is being actively managed by Shivalik Small Finance Bank Team. If you also belong to the team, you can get access from here

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3.8

based on 434 Reviews

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Shivalik Small Finance Bank Salaries in Indore (Updated 2025)

based on 47 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Customer Success, Service & Operations Sales & Business Development
Designation Avg Annual Salary Open Jobs

Deputy Manager

5 - 9 years exp. · Indore (7 salaries)
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₹4.5 L/yr - ₹6.7 L/yr

Cluster Head

19 - 23 years exp. · Indore (5 salaries)
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₹18.5 L/yr - ₹22 L/yr

Head Teller

2 - 6 years exp. · Indore (3 salaries)
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₹2.4 L/yr - ₹2.6 L/yr

Branch Head

9 - 11 years exp. · Indore (3 salaries)
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₹10.1 L/yr - ₹11.5 L/yr

Senior Analyst

3 - 7 years exp. · Indore (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr

Senior Branch Manager

9 - 10 years exp. · Indore (AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr

Branch Manager

10 - 11 years exp. · Indore (AmbitionBox Estimate)
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₹10.6 L/yr - ₹12 L/yr

Collection Officer

3 - 4 years exp. · Indore (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.2 L/yr

Hardware & Networking Engineer

6 years exp. · Indore (AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr

Deputy Branch Manager

7 years exp. · Indore (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

AVP & Branch Head

11 years exp. · Indore (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Senior Manager Credit

14 years exp. · Indore (AmbitionBox Estimate)
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₹7.3 L/yr - ₹9.4 L/yr

Senior Insurance Executive

3 years exp. · Indore (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr

Teller Service Manager

3 years exp. · Indore (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Insurance Officer

2 years exp. · Indore (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

Senior Product Manager

3 years exp. · Indore (AmbitionBox Estimate)
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₹10.3 L/yr - ₹13.2 L/yr

Gold Loan Relationship Officer

3 years exp. · Indore (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Area Manager

7 years exp. · Indore (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Concurrent Auditor

31 years exp. · Indore (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Assistant Manager

4 - 9 years exp. · Indore (6 salaries)
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₹3.1 L/yr - ₹5 L/yr

Last Updated: 21 Feb, 2025

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peacemaker
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New offer. Confused.
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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Salary related reviews for Shivalik Small Finance Bank

4.6

Rated by 12 employees for salary & benefits

Concurrent Auditor in Indore

Finance & Accounting Department

4.0
  •  posted on 30 Mar 2018
4.0
 for  Salary and Benefits

Likes

The bank is banking with well defined systems and procedures. Salary and promotion is linked with performance. Teammates are cooperating. On job as well as campus training is given . Circulars also issued through email to provide update knowledge.

read more
  • Salary - Good
    • +6 more

Dislikes

Low salary package for fresh recruitment

Credit Officer in Indore

Credit Department

1.0
  •  posted on 17 Mar 2019
3.0
 for  Salary and Benefits

Likes

...l management belongs to only one specific cast and they used to take decisions .please please do not join them if they will offer lucrative package otherwise u will regrets.

read more
  • Skill development - Good

Dislikes

Worst

  • Job security - Bad
    • +4 more

Probationary Officer in Noida

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 21 Sep 2024
4.0
 for  Salary and Benefits

Likes

Employees are helpful and they will help you in every scenario. As this is a small finance Bank , you have to wear multiple hats at a time and it comes with great learning and responsibilities.

read more
  • Salary - Good
    • +6 more

Dislikes

Although the role is good, salary is on lower side as compared to Probationary officer of other banks. As this is a small finance Bank work load is more as compared to other big banks.

read more

Associate Relationship Manager in New Delhi

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 26 Oct 2024
2.0
 for  Salary and Benefits

Likes

salary on time only

Dislikes

Not much popular in city and market. we have to sale a product of the banking and opening account with essential services. and the benefits was not good the conveyance was in proper rs 3500 first to three month that the conveyance was good then they doing the decution from the 3500 of rs 1500 every month and they doing compare the benefits from the day sale how we have achieved the sale in a day and month .

read more
  • Salary - Poor
    • +6 more

Technology Analyst in New Delhi

Full Time

 · 

IT & Information Security Department

1.0
  •  posted on 05 Jul 2024
1.0
 for  Salary and Benefits

Likes

Salary on time

Dislikes

0% appraisal Compare between employee with same rating one employee got the appraisal but rest employee 0. Without any training they expect 100% work Without any failure . No work life balance They are pressurize to work any condition

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  • Salary - Bad
    • +6 more
see more salary related reviews

Shivalik Small Finance Bank interview questions by designations

Deputy Manager (3)Assistant Manager (2)Business Analyst (1)Senior Executive (1)
View all 30 interview experiences

Know more about Shivalik Small Finance Bank Indore

More about working at Shivalik Small Finance Bank

Shivalik Small Finance Bank Salary FAQs

How much does Shivalik Small Finance Bank pay to its employees?
The average annual salary at Shivalik Small Finance Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Shivalik Small Finance Bank , are as follows:

Deputy Manager ₹4.5 Lakhs to ₹6.7 Lakhs per year
Cluster Head ₹18.5 Lakhs to ₹22 Lakhs per year
Head Teller ₹2.4 Lakhs to ₹2.6 Lakhs per year
Branch Head ₹10.1 Lakhs to ₹11.5 Lakhs per year

The highest-paying role, Cluster Head, earns between ₹18 Lakhs to ₹22 Lakhs per year. The top 10% of employees earn more than ₹12 Lakhs per year, and the top 1% earn over ₹40 Lakhs per year. Salaries at Shivalik Small Finance 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 salary estimates are based on data from 47 salaries submitted by Shivalik Small Finance Bank employees. Shivalik Small Finance Bank is rated 4.6 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Shivalik Small Finance Bank in Indore?
The salary of a fresher at Shivalik Small Finance Bank in Indore typically ranges from ₹4.5 Lakhs to ₹6 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a System Engineer Salary ₹4.4 Lakhs to ₹6 Lakhs per year
Fresher as a Management Trainee Salary ₹3.6 Lakhs to ₹9.4 Lakhs per year
Fresher as a Deputy Branch Operations Manager Salary ₹4.5 Lakhs to ₹4.6 Lakhs per year
Fresher as a Probationary Officer Salary ₹4 Lakhs to ₹4.5 Lakhs per year

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Average annual salary in Shivalik Small Finance Bank , Indore is INRunlock blur . Salary estimates are based on 40+ Shivalik Small Finance Bank latest salaries received from various employees of Shivalik Small Finance Bank .

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