South Indian Bank Mumbai Manager Salaries by 20+ Employees (Updated 2025)

6 - 13 years exp.

₹9 Lakhs - ₹25 Lakhs

Salary of majority employees

5% more than the average Manager Salary in Banking Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 6 - 13 years exp. (16 salaries)	₹9 L/yr - ₹18.8 L/yr
Customer Success, Service & Operations Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹18.8 L/yr
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Finance & Accounting Manager Salary 11 years exp. (AmbitionBox Estimate)	₹15.7 L/yr - ₹18.5 L/yr
Administration & Facilities Manager Salary 13 years exp. (AmbitionBox Estimate)	₹15.5 L/yr - ₹19 L/yr

Last Updated: 20 Mar 2025

Companies similar to South Indian Bank for Manager in Mumbai

South Indian Bank Manager Salary

6 - 13 years exp. (25 salaries)

₹9 L/yr - ₹25 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	₹4 L/yr - ₹17.5 L/yr 43% less
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 53% less
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Axis Bank Manager Salary 0 - 18 years exp. (1.7k salaries)	₹5.5 L/yr - ₹17.2 L/yr 41% less
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	₹6 L/yr - ₹22.4 L/yr 27% less
Yes Bank Manager Salary 0 - 17 years exp. (894 salaries)	₹4.3 L/yr - ₹15.8 L/yr 48% less
IndusInd Bank Manager Salary 0 - 17 years exp. (622 salaries)	₹3.4 L/yr - ₹12 L/yr 56% less
IDFC FIRST Bank Manager Salary 1 - 14 years exp. (489 salaries)	₹3.7 L/yr - ₹13 L/yr 50% less
RBL Bank Manager Salary 2 - 16 years exp. (291 salaries)	₹4.3 L/yr - ₹15.7 L/yr 49% less
IDBI Bank Manager Salary 6 - 17 years exp. (183 salaries)	₹9.2 L/yr - ₹29 L/yr 12% more
The Saraswat Co-operative Bank Manager Salary 5 - 17 years exp. (94 salaries)	₹6 L/yr - ₹18.7 L/yr 36% less

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Manager salary at South Indian Bank ranges between ₹9 Lakhs to ₹25 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 25 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Manager salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
6 years (3 salaries)	₹9 L/yr - ₹17 L/yr
7 years (3 salaries)	₹9 L/yr - ₹18 L/yr
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8 years (6 salaries)	₹11 L/yr - ₹30.3 L/yr
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹30.8 L/yr
10 years (AmbitionBox Estimate)	₹16.4 L/yr - ₹31.3 L/yr
11 years (5 salaries)	₹12.2 L/yr - ₹18.5 L/yr
12 years (3 salaries)	₹15 L/yr - ₹25 L/yr
13 years (AmbitionBox Estimate)	₹17 L/yr - ₹19 L/yr

View all

From

Manager

₹

Lakhs/yr

6 - 14 years exp.

Chief Manager

₹

Lakhs/yr

10 - 17 years exp.

Manager 6 - 14 years exp.

Senior Manager 9 - 16 years exp.

12% hike

Chief Manager 10 - 17 years exp.

19% 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

Probationary Officer Salary

(11 salaries)

₹8 L/yr - ₹12.5 L/yr

Sales Executive Salary

(5 salaries)

₹2.05 L/yr - ₹2.5 L/yr

Chief Manager Salary

(5 salaries)

₹22 L/yr - ₹25 L/yr

Office Assistant Salary

(3 salaries)

₹2.28 L/yr - ₹2.5 L/yr

Salary related reviews for South Indian Bank

4.0

Rated by 4 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

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

Probationary Officer in Kochi

Full Time

Data Science & Analytics Department

4.0

• posted on 08 Oct 2023

5.0

for Salary and Benefits

Likes

Salary and work structure is just like a Govt. bank. IBA scales are maintained. Also the work life balance is quite decent compared to other private sector banks. Most of the employees are quite young (below 35 years) so that is an added advantage too.

Salary - Excellent

+5 more

Dislikes

Sometime too much of regulations and rules hurt the business

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Salary Discussions, Hike & Promotions

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 Manager Salary FAQs

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

The average salary of a Manager at South Indian Bank in Mumbai typically ranges from ₹9.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Manager in Mumbai at South Indian Bank earn more than ₹18.5 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. 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 20+ South Indian Bank employees in India.

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

The estimated take-home salary of a Manager at South Indian Bank in Mumbai typically ranges from ₹1,17,655 to ₹1,20,947 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 6 years to 13 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 20+ 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 Manager in India?

Emirates NBD	₹14.8 Lakhs to ₹40.0 Lakhs per year
IDBI Bank	₹9.2 Lakhs to ₹29.0 Lakhs per year
Federal Bank	₹9.0 Lakhs to ₹23.0 Lakhs per year
Paytm Payments Bank	₹10.0 Lakhs to ₹26.0 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 Manager in companies similar to South Indian Bank in Mumbai?

The salary of a 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:

Canara Bank	₹8.5 Lakhs to ₹25.0 Lakhs per year
Central Bank of India	₹9.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India	₹7.0 Lakhs to ₹24.0 Lakhs per year
Karur Vysya Bank	₹7.0 Lakhs to ₹20.4 Lakhs per year
Karnataka Bank	₹10.0 Lakhs to ₹20.0 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 Manager at South Indian Bank in Mumbai?

The salary growth for a Manager at South Indian Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at South Indian Bank:

Experience	Average Salary Range
6 years	₹9.0 Lakhs to ₹17.0 Lakhs per year
7 years	₹9.0 Lakhs to ₹18.0 Lakhs per year
8 years	₹11.0 Lakhs to ₹30.3 Lakhs per year
9 years	₹9.0 Lakhs to ₹30.8 Lakhs per year

and so on.

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South Indian Bank Manager Salaries in Mumbai

South Indian Bank Manager salary in Mumbai ranges between ₹9 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 South Indian Bank latest salaries received from various employees of South Indian Bank.