State Bank of India Bank Manager Salaries by 30+ Employees (Updated 2025)

0 - 15 years exp.

₹7.9 Lakhs - ₹21.2 Lakhs

Salary of majority employees

40% more than the average Bank Manager Salary in Banking Companies for 0 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Bank Manager Salary 0 - 11 years exp. (3 salaries)	₹12 L/yr - ₹18 L/yr
Customer Success, Service & Operations Bank Manager Salary 10 - 14 years exp. (AmbitionBox Estimate)	₹9.2 L/yr - ₹20 L/yr
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Sales & Business Development Bank Manager Salary 2 - 14 years exp. (AmbitionBox Estimate)	₹7.9 L/yr - ₹14 L/yr
Finance & Accounting Bank Manager Salary Fresher (AmbitionBox Estimate)	₹5 L/yr - ₹15.6 L/yr

Last Updated: 4 Jan 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. (58 salaries)	₹2.6 L/yr - ₹12.3 L/yr 41% less
ICICI Bank Bank Manager Salary 0 - 12 years exp. (63 salaries)	₹2.7 L/yr - ₹12 L/yr 46% less
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Axis Bank Bank Manager Salary 1 - 19 years exp. (57 salaries)	₹4.3 L/yr - ₹15.9 L/yr 27% less
Kotak Mahindra Bank Bank Manager Salary 0 - 11 years exp. (19 salaries)	₹2.4 L/yr - ₹7.6 L/yr 59% less
IDFC FIRST Bank Bank Manager Salary 4 - 8 years exp. (6 salaries)	₹3 L/yr - ₹6 L/yr 55% less
Punjab National Bank Bank Manager Salary 3 - 12 years exp. (9 salaries)	₹9.4 L/yr - ₹16 L/yr 24% less
Bank of Baroda Bank Manager Salary 0 - 11 years exp. (25 salaries)	₹6 L/yr - ₹22.8 L/yr 2% more
Canara Bank Bank Manager Salary 4 - 11 years exp. (29 salaries)	₹7 L/yr - ₹25 L/yr 23% more
Union Bank of India Bank Manager Salary 1 - 25 years exp. (21 salaries)	₹6 L/yr - ₹18 L/yr 1% more
Bandhan Bank Bank Manager Salary 3 - 13 years exp. (63 salaries)	₹1.8 L/yr - ₹6.2 L/yr 69% less
IndusInd Bank Bank Manager Salary 2 - 15 years exp. (23 salaries)	₹3 L/yr - ₹10.2 L/yr 51% less
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Bank of India Bank Manager Salary 1 - 31 years exp. (21 salaries)	₹8.3 L/yr - ₹18.9 L/yr 12% less
Indian Bank Bank Manager Salary 1 - 14 years exp. (12 salaries)	₹6 L/yr - ₹20 L/yr 8% more
Indian Overseas Bank Bank Manager Salary 6 - 13 years exp. (11 salaries)	₹7 L/yr - ₹18 L/yr 1% less
IDBI Bank Bank Manager Salary 9 - 14 years exp. (6 salaries)	₹14 L/yr - ₹22 L/yr 44% more
Allahabad Bank Bank Manager Salary 1 - 31 years exp. (4 salaries)	₹1.2 L/yr - ₹7.5 L/yr 76% less
Standard Chartered Bank Manager Salary 12 - 18 years exp. (4 salaries)	₹11 L/yr - ₹24 L/yr 30% more
AU Small Finance Bank Bank Manager Salary 4 - 8 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 60% less
Vijaya Bank Bank Manager Salary 7 - 24 years exp. (4 salaries)	₹8.4 L/yr - ₹12 L/yr 11% less

Bank Manager salary at State Bank of India ranges between ₹7.9 Lakhs to ₹21.2 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 39 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Bank Manager salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
Fresher (9 salaries)	₹3.2 L/yr - ₹12 L/yr
1 year (AmbitionBox Estimate)	₹3.4 L/yr - ₹10 L/yr
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2 years (5 salaries)	₹3.6 L/yr - ₹10 L/yr
3 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹18.6 L/yr
5 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
6 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
7 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹10 L/yr - ₹23 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 - ₹24 L/yr
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹20 L/yr
13 years (3 salaries)	₹6.3 L/yr - ₹28.5 L/yr
14 years (3 salaries)	₹14 L/yr - ₹20 L/yr
15+ years (AmbitionBox Estimate)	₹13.5 L/yr - ₹30.7 L/yr

View all

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Salary related reviews for State Bank of India

4.4

Rated by 22 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 .

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 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

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.

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.

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.

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

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

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 20 Dec 2023

3.0

for Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

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What people are saying about State Bank of India

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wineymoose

An Operations Manager

Don't apply for a banking job until you read this.

Are you considering a career in banking? Think again.. Between FY17 and FY24, while the Indian banking sector added half a million new jobs, public sector banks said goodbye to over 1,00,000 employees... In FY24 alone, 11,154 jobs vanished, with the State Bank of India leading the exit wave at 3,562 employees. Is this the end of stable PSU jobs as we know them?

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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 ₹7.9 Lakhs to ₹21.2 Lakhs for less than 1 year of experience to 15 years. According to our estimates it is 40% more than the average Bank Manager Salary in India. Salary estimates are based on 39 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 40% 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 ₹22.0 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
Indian Bank Bank Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Bank of Baroda Bank Manager Salary - ₹6.0 Lakhs to ₹22.8 Lakhs per year

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

Union Bank of India Bank Manager Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year
Indian Overseas Bank Bank Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
Vijaya Bank Bank Manager Salary - ₹8.4 Lakhs to ₹12.0 Lakhs per year
Bank of India Bank Manager Salary - ₹8.3 Lakhs to ₹18.9 Lakhs per year
Punjab National Bank Bank Manager Salary - ₹9.4 Lakhs to ₹16.0 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 ₹88,536 per month to ₹90,860 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 ₹7.9 Lakhs to ₹21.2 Lakhs per year for employees with less than 1 year of experience to 15 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, 37% of the State Bank of India Bank Managers reported a notice period of 1 Month, 22% 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

State Bank of India Bank Manager salary in India ranges between ₹7.9 Lakhs to ₹21.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 39 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Bank Manager salaries in India

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 Mumbai

Deputy Manager in Mumbai

Deputy Manager in New Delhi

Branch Manager in Mumbai

State Bank of India Bank Manager Salary FAQs

Tell us how to improve this page.

State Bank of India Bank Manager Salaries by Location