State Bank of India Mumbai AGM Salaries by 4 Employees (Updated 2025)

27 - 31 years exp.

₹16 Lakhs - ₹25 Lakhs

Salary of majority employees

17% less than the average AGM Salary in Banking Companies for 27 - 31 years of experience

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Salaries in different departments

Customer Success, Service & Operations AGM Salary 31 years exp. (AmbitionBox Estimate)	₹19.4 L/yr - ₹25 L/yr
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BFSI, Investments & Trading AGM Salary 27 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹22.2 L/yr

Last Updated: 23 Jun 2023

Companies similar to State Bank of India for AGM in Mumbai

State Bank of India AGM Salary

27 - 31 years exp. (4 salaries)

₹16 L/yr - ₹25 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank AGM Salary 15 - 25 years exp. (16 salaries)	₹32 L/yr - ₹70 L/yr 166% more
HDFC Bank AGM Salary 13 - 20 years exp. (5 salaries)	₹32 L/yr - ₹70 L/yr 118% more
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IDBI Bank AGM Salary 12 - 19 years exp. (22 salaries)	₹16 L/yr - ₹31 L/yr 21% more
Vodafone Idea AGM Salary 9 - 18 years exp. (39 salaries)	₹10.8 L/yr - ₹28 L/yr 11% less
JSW Steel AGM Salary 14 - 29 years exp. (26 salaries)	₹21 L/yr - ₹33.9 L/yr 30% more

AGM salary at State Bank of India ranges between ₹16 Lakhs to ₹25 Lakhs per year for employees with experience between 27 years to 31 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India AGM salaries in Mumbai

Last Updated: 23 Jun 2023

Experience	Avg Annual Salary
15+ years (4 salaries)	₹16 L/yr - ₹25 L/yr
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Salary related reviews for State Bank of India

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Bokaro

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jan 2025

1.0

for Salary and Benefits

Likes

Fixed salary

Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

Salary - Good

+1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

Skill development - Bad

+3 more

Field Officer in Amravati

Full Time

Other Department

3.0

• posted on 20 Oct 2024

5.0

for Salary and Benefits

Likes

Working at SBI is great satisfaction which comes with job security and Salary and other benefits. working in diffrent roles gives knowledge in overall banking sector

Salary - Excellent

+2 more

Dislikes

There is no work life balance . Lot of work pressure and no sympathy towards staff. Frequent transfers to diffrent locations and high pressure of achieving targets

Work satisfaction - Bad

+2 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Salary - Good

+2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Work satisfaction - Bad

+2 more

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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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State Bank of India AGM Salary FAQs

What is the salary of AGM at State Bank of India Mumbai?

AGM salary at State Bank of India in Mumbai ranges between ₹16.0 Lakhs to ₹25.0 Lakhs for experience between 27 years to 31 years. According to our estimates it is 17% less than the average AGM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India Mumbai.

How does the salary of a AGM at State Bank of India Mumbai compare with the average salary range for this job?

The average salary of a AGM at State Bank of India is 17% less than the average salary of a AGM in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a AGM in Mumbai?

ICICI Bank AGM Salary - ₹32.0 Lakhs to ₹70.0 Lakhs per year
HDFC Bank AGM Salary - ₹32.0 Lakhs to ₹70.0 Lakhs per year
JSW Steel AGM Salary - ₹21.0 Lakhs to ₹33.9 Lakhs per year
IDBI Bank AGM Salary - ₹16.0 Lakhs to ₹31.0 Lakhs per year

What is the salary of a AGM in companies similar to State Bank of India in Mumbai?

Vodafone Idea AGM Salary - ₹10.8 Lakhs to ₹28.0 Lakhs per year

What is the estimated take home salary of a AGM at State Bank of India in Mumbai?

The estimated take-home salary of a AGM at State Bank of India ranges between ₹1,36,552 per month to ₹1,41,590 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India AGM salary in India which ranges between ₹16.0 Lakhs to ₹25.0 Lakhs per year for employees with experience between 27 years to 31 years. Check how did we calculate take home salary?

What is the notice period for AGM at State Bank of India in Mumbai?

According to AmbitionBox, 100% of the State Bank of India AGMs in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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State Bank of India AGM Salaries in Mumbai

State Bank of India AGM salary in Mumbai ranges between ₹16 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.