South Indian Bank Purchase Manager Salaries by Employees (Updated 2025)

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₹7 Lakhs - ₹9 Lakhs

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Last Updated: 28 Feb 2024

Companies similar to South Indian Bank for Purchase Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Purchase Manager Salary 6 - 12 years exp. (3 salaries)	₹5.4 L/yr - ₹7 L/yr 24% less
Honda Motorcycle & Scooter Purchase Manager Salary 9 - 17 years exp. (47 salaries)	₹13.6 L/yr - ₹35 L/yr 176% more
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JCB Purchase Manager Salary 12 - 17 years exp. (39 salaries)	₹12.7 L/yr - ₹27 L/yr 158% more
Arvind Group Purchase Manager Salary 7 - 23 years exp. (30 salaries)	₹5.5 L/yr - ₹11 L/yr 2% more
Reliance Industries Purchase Manager Salary 6 - 16 years exp. (29 salaries)	₹6 L/yr - ₹12.8 L/yr 6% less

Purchase Manager salary at South Indian Bank ranges between ₹7 Lakhs to ₹9 Lakhs per year for employees with 15+ years of experience. Salary estimates are based on 1 latest salaries received from various employees of South Indian Bank.

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Salary related reviews for South Indian Bank

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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South Indian Bank Purchase Manager Salary FAQs

What is the notice period for Purchase Manager at South Indian Bank?

According to AmbitionBox, 100% of the South Indian Bank Purchase Managers reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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South Indian Bank Purchase Manager Salaries

South Indian Bank Purchase Manager salary in India ranges between ₹7 Lakhs to ₹9 Lakhs. This is an estimate based on latest salaries received from employees of South Indian Bank.