State Bank of India Bank Manager Salaries by 40+ Employees (Updated 2025)

0 - 31 years exp.

₹8.1 Lakhs - ₹23.8 Lakhs

Salary of majority employees

50% more than the average Bank Manager Salary in Banking Companies for 0 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading Bank Manager Salary 0 - 16 years exp. (6 salaries)	₹9 L/yr - ₹18 L/yr
Customer Success, Service & Operations Bank Manager Salary 10 - 31 years exp. (3 salaries)	₹15 L/yr - ₹20 L/yr
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Finance & Accounting Bank Manager Salary 15 - 31 years exp. (3 salaries)	₹12 L/yr - ₹15 L/yr
Sales & Business Development Bank Manager Salary 2 - 14 years exp. (AmbitionBox Estimate)	₹9.6 L/yr - ₹14 L/yr

Last Updated: 12 Feb 2025

Companies similar to State Bank of India for Bank Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Bank Manager Salary 3 - 15 years exp. (63 salaries)	₹2.9 L/yr - ₹12.2 L/yr 46% less
ICICI Bank Bank Manager Salary 0 - 11 years exp. (60 salaries)	₹2.7 L/yr - ₹10.8 L/yr 51% less
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Axis Bank Bank Manager Salary 1 - 19 years exp. (60 salaries)	₹3.6 L/yr - ₹16 L/yr 33% less
Kotak Mahindra Bank Bank Manager Salary 0 - 18 years exp. (20 salaries)	₹2.4 L/yr - ₹11 L/yr 51% less
IDFC FIRST Bank Bank Manager Salary 4 - 8 years exp. (6 salaries)	₹3 L/yr - ₹6 L/yr 59% less
Punjab National Bank Bank Manager Salary 3 - 12 years exp. (9 salaries)	₹9.7 L/yr - ₹16 L/yr 28% less
Bank of Baroda Bank Manager Salary 0 - 11 years exp. (27 salaries)	₹6 L/yr - ₹21.6 L/yr 10% less
Canara Bank Bank Manager Salary 4 - 11 years exp. (29 salaries)	₹7 L/yr - ₹25 L/yr 9% more
Union Bank of India Bank Manager Salary 1 - 14 years exp. (18 salaries)	₹6 L/yr - ₹18.5 L/yr 4% more
Bandhan Bank Bank Manager Salary 2 - 18 years exp. (79 salaries)	₹1.7 L/yr - ₹7.7 L/yr 68% less
IndusInd Bank Bank Manager Salary 2 - 15 years exp. (24 salaries)	₹3 L/yr - ₹11.1 L/yr 54% less
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Bank of India Bank Manager Salary 1 - 31 years exp. (23 salaries)	₹8 L/yr - ₹18.7 L/yr 19% less
Indian Overseas Bank Bank Manager Salary 6 - 13 years exp. (12 salaries)	₹7 L/yr - ₹18 L/yr 8% less
Indian Bank Bank Manager Salary 1 - 14 years exp. (12 salaries)	₹6 L/yr - ₹20 L/yr 2% less
AU Small Finance Bank Bank Manager Salary 0 - 8 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 63% less
IDBI Bank Bank Manager Salary 9 - 14 years exp. (6 salaries)	₹14 L/yr - ₹25 L/yr 33% more
Allahabad Bank Bank Manager Salary 1 - 31 years exp. (4 salaries)	₹1.2 L/yr - ₹7.5 L/yr 78% less
Standard Chartered Bank Manager Salary 12 - 18 years exp. (4 salaries)	₹11 L/yr - ₹24 L/yr 19% more
Vijaya Bank Bank Manager Salary 7 - 24 years exp. (4 salaries)	₹8.4 L/yr - ₹12 L/yr 19% less

Bank Manager salary at State Bank of India ranges between ₹8.1 Lakhs to ₹23.8 Lakhs per year for employees with less than 1 year of experience to 31 years. Salary estimates are based on 46 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Bank Manager salaries

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹4.7 L/yr - ₹12 L/yr
1 year (AmbitionBox Estimate)	₹10 L/yr - ₹21.3 L/yr
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2 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹21.5 L/yr
3 years (AmbitionBox Estimate)	₹9 L/yr - ₹21.8 L/yr
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
5 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
6 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
7 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.5 L/yr
8 years (AmbitionBox Estimate)	₹10 L/yr - ₹22.9 L/yr
9 years (3 salaries)	₹9 L/yr - ₹15 L/yr
10 years (3 salaries)	₹10 L/yr - ₹20 L/yr
11 years (6 salaries)	₹10 L/yr - ₹23.2 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹23.9 L/yr
13 years (3 salaries)	₹5.4 L/yr - ₹24.1 L/yr
14 years (4 salaries)	₹12 L/yr - ₹20 L/yr
15+ years (17 salaries)	₹7.7 L/yr - ₹25 L/yr

View all

From

Bank Manager

₹

Lakhs/yr

0 - 31 years exp.

Regional Manager

₹

Lakhs/yr

12 - 26 years exp.

Bank Manager 0 - 31 years exp.

Manager 6 - 16 years exp.

67% hike

Chief Manager 11 - 22 years exp.

44% hike

From

4 more levels

Bank Manager

0 - 31 years exp.

New Business Manager

Salary unavailable

View 1 more career path

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₹0.9 L/yr - ₹3.5 L/yr

Team Lead Salary

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₹1.8 L/yr - ₹5 L/yr

Salary related reviews for State Bank of India

4.5

Rated by 24 employees for salary & benefits

Bank Manager in Bhubaneswar

Finance & Accounting Department

5.0

• posted on 19 Apr 2022

5.0

for Salary and Benefits

Likes

...thics is very good..job security is there until u r not proven doing any fraud .salary structure is good to live a peacefull life and mantain good status at young age.sbi organise various program to encourage staff improve staff behavour and work culture..and also our YONO is best application .

Salary - Excellent

+6 more

Dislikes

In sbi our customer base is around 40 crore where staff shortfall very high.. unnecessary work there so that we can not give good service to our valuable customer so they are displease to us but now our young generation change this thought we are compete with Pvt player

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

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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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State Bank of India Bank Manager Salary FAQs

What is the salary of Bank Manager at State Bank of India?

Bank Manager salary at State Bank of India in India ranges between ₹8.1 Lakhs to ₹23.8 Lakhs for less than 1 year of experience to 31 years. According to our estimates it is 50% more than the average Bank Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Bank Manager at State Bank of India is 50% more than the average salary of a Bank Manager in India. To know exact salary insights, login to view.

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

IDBI Bank Bank Manager Salary - ₹14.0 Lakhs to ₹25.0 Lakhs per year
Standard Chartered Bank Manager Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
Canara Bank Bank Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Union Bank of India Bank Manager Salary - ₹6.0 Lakhs to ₹18.5 Lakhs per year

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

Indian Bank Bank Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Indian Overseas Bank Bank Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
Bank of Baroda Bank Manager Salary - ₹6.0 Lakhs to ₹21.6 Lakhs per year
Vijaya Bank Bank Manager Salary - ₹8.4 Lakhs to ₹12.0 Lakhs per year
Bank of India Bank Manager Salary - ₹8.0 Lakhs to ₹18.7 Lakhs per year

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

The estimated take-home salary of a Bank Manager at State Bank of India ranges between ₹95,968 per month to ₹98,559 per month in India. The take-home salary calculation is based on the average State Bank of India Bank Manager salary in India which ranges between ₹8.1 Lakhs to ₹23.8 Lakhs per year for employees with less than 1 year of experience to 31 years. Check how did we calculate take home salary?

What is the notice period for Bank Manager at State Bank of India?

According to AmbitionBox, 39% of the State Bank of India Bank Managers reported a notice period of 1 Month, 20% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 49 responses on AmbitionBox in last 2 years.

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State Bank of India Bank Manager Salaries by Location

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State Bank of India Bank Manager Salaries

State Bank of India Bank Manager salary in India ranges between ₹8.1 Lakhs to ₹23.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Bank Manager salaries in India (Updated 2025)

Companies similar to State Bank of India for Bank Manager

Latest annual salaries shared by State Bank of India Bank Manager

Experience wise State Bank of India Bank Manager salaries

Similar Designation salaries in State Bank of India

Salary related reviews for State Bank of India

Bank Manager in Bhubaneswar

Deputy Manager in Bokaro

Deputy Manager in Mumbai

Deputy Manager in Mumbai

Deputy Manager in New Delhi

State Bank of India Bank Manager Salary FAQs

Tell us how to improve this page.

State Bank of India Bank Manager Salaries by Location