South Indian Bank Mumbai Assistant Manager Salaries by 40+ Employees (Updated 2025)

2 - 10 years exp.

₹6 Lakhs - ₹16 Lakhs

Salary of majority employees

44% more than the average Assistant Manager Salary in Banking Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 3 - 7 years exp. (15 salaries)	₹6 L/yr - ₹16 L/yr
Finance & Accounting Assistant Manager Salary 2 - 9 years exp. (9 salaries)	₹6 L/yr - ₹15 L/yr
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Customer Success, Service & Operations Assistant Manager Salary 2 - 10 years exp. (7 salaries)	₹9 L/yr - ₹15 L/yr
Risk Management & Compliance Assistant Manager Salary 6 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹12.5 L/yr

Last Updated: 15 Mar 2025

Companies similar to South Indian Bank for Assistant Manager in Mumbai

South Indian Bank Assistant Manager Salary

2 - 10 years exp. (45 salaries)

₹6 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Assistant Manager Salary 0 - 9 years exp. (3.5k salaries)	₹1.1 L/yr - ₹5 L/yr 71% less
Axis Bank Assistant Manager Salary 0 - 9 years exp. (2.5k salaries)	₹1.8 L/yr - ₹6 L/yr 66% less	2 job openings
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ICICI Bank Assistant Manager Salary 0 - 8 years exp. (1.6k salaries)	₹2 L/yr - ₹6 L/yr 66% less
HDFC Bank Assistant Manager Salary 0 - 10 years exp. (1.6k salaries)	₹1.8 L/yr - ₹7 L/yr 68% less
Yes Bank Assistant Manager Salary 0 - 11 years exp. (838 salaries)	₹2.4 L/yr - ₹6.6 L/yr 63% less	1 job opening
IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (571 salaries)	₹1.7 L/yr - ₹6.2 L/yr 67% less
IDFC FIRST Bank Assistant Manager Salary 0 - 11 years exp. (556 salaries)	₹2.3 L/yr - ₹6.6 L/yr 60% less
RBL Bank Assistant Manager Salary 0 - 10 years exp. (500 salaries)	₹2 L/yr - ₹7 L/yr 65% less
IDBI Bank Assistant Manager Salary 0 - 12 years exp. (173 salaries)	₹5 L/yr - ₹17.5 L/yr 4% more
Bandhan Bank Assistant Manager Salary 0 - 10 years exp. (112 salaries)	₹2.2 L/yr - ₹5.3 L/yr 68% less

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Assistant Manager salary at South Indian Bank ranges between ₹6 Lakhs to ₹16 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 45 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Assistant Manager salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
2 years (4 salaries)	₹6 L/yr - ₹12 L/yr
3 years (8 salaries)	₹6 L/yr - ₹16 L/yr
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4 years (4 salaries)	₹6 L/yr - ₹21.3 L/yr
5 years (8 salaries)	₹7 L/yr - ₹15 L/yr
6 years (10 salaries)	₹6.5 L/yr - ₹15 L/yr
7 years (5 salaries)	₹8 L/yr - ₹21.7 L/yr
8 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹14 L/yr
9 years (3 salaries)	₹9 L/yr - ₹22 L/yr
10 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.1 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

2 - 11 years exp.

Chief Manager

₹

Lakhs/yr

10 - 17 years exp.

Assistant Manager

2 - 11 years exp.

Manager

6 - 14 years exp.

45% hike

Senior Manager

9 - 16 years exp.

12% 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 South Indian Bank

Relationship Manager Salary

(5 salaries)

₹10 L/yr - ₹20 L/yr

Salary related reviews for South Indian Bank

4.5

Rated by 2 employees for salary & benefits

Assistant Manager in Kochi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 May 2024

4.0

for Salary and Benefits

Likes

Salary assured for IBA pay scale staff. No assurance for CTC staff. Not sure what will happen in salary for IBA scale staffs in coming years.

Salary - Good

+1 more

Dislikes

Work culture and work life balance adversely affected after introduction of cluster system in 2021. Excellent in alloting huge targets but worst in getting assistance for departments in solving customer complaints. Mental and physical health of staff seriously affected. Threatening messages through WhatsApp. Have to contact customers through personal mobile so that staff has to attend customer while at home and holidays.

Work satisfaction - Bad

+1 more

Assistant Manager in Surat

Customer Success, Service & Operations Department

4.0

• posted on 02 May 2021

4.0

for Salary and Benefits

Likes

Working with south indian bank is a great opportunity for learners or can say for beginners.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow.

Officer in Ludhiana

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 May 2024

4.0

for Salary and Benefits

Likes

Salary benefits

Salary - Good

Dislikes

Worst Work Culture,don't waste your potential just for few more money.Huge Target Pressure and Politics, Nepotism at peak only malayali people sit and enjoy being here ,while other staff are tortured , harassed on daily basis.No matter how Educated,good Employee you're if you don't meet their Targets and don't Butter your senior each and every minute.People in Other part of India except kerela don't even know About Bank so think about it how difficult will be To meet Target,even if you meet Targets you have to Butter.If you like to get treated like animal then you guys can join

Skill development - Bad

+5 more

Assistant Manager Operations in Chennai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Jan 2025

5.0

for Salary and Benefits

Likes

Only salary and allowance at par with IBA till date.....

Salary - Excellent

Dislikes

There is no continuous Management at top level sudden changing in the management only orders and circular issuance.There is lot of higher ups to supervise us and sought us No one will come for ground work not recommended for youngsters

Skill development - Poor

+3 more

Probationary Officer in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Jul 2024

3.0

for Salary and Benefits

Likes

Less Pressure Salary, Perks & Other benefit

Dislikes

Words Would be Less to Describe the Disliking Outdated Bank Policies Terrible Management at top No Vision to Serve & Retain Good Customers No Marketing & Promotion Brand Name is hardly Known to people

Skill development - Bad

+4 more

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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South Indian Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at South Indian Bank in Mumbai?

The average salary of a Assistant Manager at South Indian Bank in Mumbai typically ranges from ₹6.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Assistant Manager in Mumbai at South Indian Bank earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Assistant Manager Salaries at South Indian 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 40+ South Indian Bank employees in India.

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

The estimated take-home salary of a Assistant Manager at South Indian Bank in Mumbai typically ranges from ₹85,458 to ₹87,695 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 2 years 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 40+ salaries received from various employees of South Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than South Indian Bank for Assistant Manager in India?

Emirates NBD	₹14.5 Lakhs to ₹26.6 Lakhs per year
Federal Bank	₹7.0 Lakhs to ₹18.5 Lakhs per year
Dhanlaxmi Bank	₹8.5 Lakhs to ₹14.0 Lakhs per year
IDBI Bank	₹5.0 Lakhs to ₹17.5 Lakhs per year
Canara Bank	₹5.0 Lakhs to ₹17.0 Lakhs per year

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

What is the salary of a Assistant Manager in companies similar to South Indian Bank in Mumbai?

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

Paytm Payments Bank	₹8.5 Lakhs to ₹14.0 Lakhs per year
Union Bank of India	₹5.0 Lakhs to ₹14.0 Lakhs per year
Nkgsb CO-OP Bank	₹6.9 Lakhs to ₹14.1 Lakhs per year
Central Bank of India	₹6.0 Lakhs to ₹15.0 Lakhs per year
Karur Vysya Bank	₹6.0 Lakhs to ₹14.0 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 South Indian Bank in Mumbai?

The salary growth for a Assistant Manager at South Indian 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 South Indian Bank:

Experience	Average Salary Range
2 years	₹6.0 Lakhs to ₹12.0 Lakhs per year
3 years	₹6.0 Lakhs to ₹16.0 Lakhs per year
4 years	₹6.0 Lakhs to ₹21.3 Lakhs per year
5 years	₹7.0 Lakhs to ₹15.0 Lakhs per year

and so on.

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South Indian Bank Assistant Manager Salaries in Mumbai

South Indian Bank Assistant Manager salary in Mumbai ranges between ₹6 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 45 South Indian Bank latest salaries received from various employees of South Indian Bank.