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State Bank of India Branch Manager salaries in India

Annual salary range
5 - 16 years exp.
₹7.8 Lakhs - ₹30 Lakhs
Salary of majority employees
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100% more than the average Branch Manager Salary in Banking Companies for 5 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
5 - 15 years exp. (124 salaries)
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₹8 L/yr - ₹28 L/yr

Finance & Accounting
Branch Manager Salary
5 - 15 years exp. (30 salaries)
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₹8.4 L/yr - ₹28 L/yr

Customer Success, Service & Operations
Branch Manager Salary
5 - 15 years exp. (22 salaries)
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₹6.9 L/yr - ₹30 L/yr

Marketing & Communication
Branch Manager Salary
7 - 12 years exp. (7 salaries)
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₹18 L/yr - ₹25 L/yr

Engineering - Software & QA
Branch Manager Salary
5 - 14 years exp. (6 salaries)
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₹12.5 L/yr - ₹20 L/yr

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Last Updated: 1 Feb 2025

Companies similar to State Bank of India for Branch Manager

Company name Avg Annual Salary Open Jobs
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ICICI Bank Branch Manager Salary

5 - 21 years exp. (2.3k salaries)

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₹6 L/yr - ₹23 L/yr

arrow icon 28% less
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HDFC Bank Branch Manager Salary

5 - 23 years exp. (2.5k salaries)

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₹6.5 L/yr - ₹23 L/yr

arrow icon 21% less
6 job openings
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Axis Bank Branch Manager Salary

8 - 22 years exp. (327 salaries)

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₹6.2 L/yr - ₹23 L/yr

arrow icon 17% less
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Punjab National Bank Branch Manager Salary

3 - 21 years exp. (49 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 38% less
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Bank of Baroda Branch Manager Salary

6 - 15 years exp. (135 salaries)

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₹7 L/yr - ₹25 L/yr

arrow icon 6% less
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Canara Bank Branch Manager Salary

6 - 15 years exp. (141 salaries)

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₹6 L/yr - ₹21 L/yr

arrow icon 24% less
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Union Bank of India Branch Manager Salary

7 - 12 years exp. (80 salaries)

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₹6 L/yr - ₹21 L/yr

arrow icon 24% less
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Bank of India Branch Manager Salary

5 - 12 years exp. (76 salaries)

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₹6.5 L/yr - ₹22 L/yr

arrow icon 27% less
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Indian Bank Branch Manager Salary

6 - 12 years exp. (80 salaries)

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₹6 L/yr - ₹20.9 L/yr

arrow icon 32% less
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IDBI Bank Branch Manager Salary

9 - 16 years exp. (57 salaries)

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₹10 L/yr - ₹30 L/yr

arrow icon 3% more
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Branch Manager salary at State Bank of India ranges between ₹7.8 Lakhs to ₹30 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 319 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Branch Manager

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7 years exp.
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13 years exp.
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12 years exp.
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12 years exp.
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14 years exp.
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15 years exp.
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12 years exp.
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12 years exp.
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14 years exp.
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9 years exp.

Experience wise State Bank of India Branch Manager salaries

Last Updated: 1 Feb 2025

Experience Avg Annual Salary
5 years  (21 salaries)

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₹8 L/yr - ₹20 L/yr
6 years  (22 salaries)

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₹6.9 L/yr - ₹23 L/yr
7 years  (40 salaries)

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₹7.8 L/yr - ₹25.3 L/yr
8 years  (34 salaries)

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₹8.3 L/yr - ₹24 L/yr
9 years  (34 salaries)

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₹7.6 L/yr - ₹28 L/yr
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State Bank of India Branch Manager Salary and Career Growth

From

To

Branch Manager

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5 - 16 years exp.

Regional Manager

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12 - 26 years exp.

Branch Manager 5 - 16 years exp.
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Chief Manager 11 - 22 years exp.
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arrow icon 76% hike
Assistant General Manager 16 - 32 years exp.
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Similar Designation salaries in State Bank of India

Area Manager Salary
(AmbitionBox Estimate)
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₹8 L/yr - ₹10.2 L/yr
Credit Manager Salary
(43 salaries)
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₹10 L/yr - ₹32 L/yr
Sales Manager Salary
(25 salaries)
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₹2.5 L/yr - ₹5.4 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
Branch Head Salary
(37 salaries)
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₹9.7 L/yr - ₹28.56 L/yr
Deputy Manager Salary
(626 salaries)
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₹7 L/yr - ₹28 L/yr
Chief Manager Salary
(357 salaries)
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₹15 L/yr - ₹50 L/yr
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₹1.2 L/yr - ₹5 L/yr
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₹12 L/yr - ₹24 L/yr
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₹5.8 L/yr - ₹20 L/yr

Salary related reviews for State Bank of India

3.8

Rated by 144 employees for salary & benefits

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.

read more
  • Job security - Excellent

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.

read more
  • Skill development - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 14 Dec 2023

1.0
 for  Salary and Benefits

Likes

There is nothing significant to write in this section.

Dislikes

...BI is its HR section and due to this, the problems faced by employees get worse. Seniors often resort to verbal personal attacks, humiliate you publicly, decline your bills, stop your salary, etc. They make sure you are ostracized, from others. You are never granted leave. Asking for leave is like asking for parole as if you are incarcerated, and as with parole, your leaves are rejected. They will play mind games and they will stalk you, where you live, where you go, who you are talking to, whether you are leaving the place, and many more. Better not to work here, than get your confidence completely shattered. Hope it helps anybody reading.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 30 Sep 2022

4.0
 for  Salary and Benefits

Likes

Good Salary and benefits Recognition that comes with working here. Best remuneration at entry level.

read more
  • Salary - Good
  • +1 more

Dislikes

Infrastructure is not at par with the industry. Very few chances for learning and skill development Ineffective management. Work life balance is absent Top Down approach of management Grossly Mismanaged at lower levels and unreasonable pressure on frontline staff. Absence of well defined roles for employees and everything is haphazard and makeshift Future is ambiguous Unethical work practices

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  • Skill development - Poor
  • +3 more

BFSI, Investments & Trading Department

2.0
  •  posted on 27 Jan 2022

3.0
 for  Salary and Benefits

Likes

...ances and deposits.No wonder compared to pvt banks,SBI share price is way below.But if you are good for nothing,with no prospects in life,or just want a job to pay the bills and put food on table,then go for it.

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  • Job security - Excellent

Dislikes

No infrastructure support.no manpower support.too much unionism.... deviation from banking.....there was a time when loan application rejected by sbi ,used to go to pvt banks.....now it's complete opposite.no more is sbi a preferred banker for many.....just take a sample of any middle class working population....they will invariably be banking with pvt banks.

read more
  • Skill development - Poor
  • +3 more

BFSI, Investments & Trading Department

5.0
  •  posted on 12 May 2021

5.0
 for  Salary and Benefits

Likes

Good work culture,colleagues are supportive and policies are transparent ,affords good salary with other perquisites. But work life balance is very poor. On the other hand there is huge and quick promotion opportunities. Over all it was an excellent experience of mine in SBI.

read more
  • Salary - Excellent
  • +5 more

Dislikes

There is huge work pressure,no work life balance

  • Work-life balance - Poor
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State Bank of India Branch Manager Salary FAQs

What is the salary of Branch Manager at State Bank of India?
Branch Manager salary at State Bank of India in India ranges between ₹7.8 Lakhs to ₹30.0 Lakhs for experience between 5 years to 16 years. According to our estimates it is 100% more than the average Branch Manager Salary in India. Salary estimates are based on 319 latest salaries received from various employees of State Bank of India India.
How does the salary of a Branch Manager at State Bank of India India compare with the average salary range for this job?
The average salary of a Branch Manager at State Bank of India is 100% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than State Bank of India to a Branch Manager in India?
  • Reserve Bank of India Branch Manager Salary - ₹25.0 Lakhs to ₹37.0 Lakhs per year
  • Standard Chartered Branch Manager Salary - ₹12.3 Lakhs to ₹41.3 Lakhs per year
  • IDBI Bank Branch Manager Salary - ₹10.0 Lakhs to ₹30.0 Lakhs per year
What is the salary of a Branch Manager in companies similar to State Bank of India in India?
  • Bank of Baroda Branch Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
  • India Post Payments Bank Branch Manager Salary - ₹10.4 Lakhs to ₹17.3 Lakhs per year
  • Kotak Mahindra Bank Branch Manager Salary - ₹7.0 Lakhs to ₹25.6 Lakhs per year
  • Deutsche Bank Branch Manager Salary - ₹12.5 Lakhs to ₹20.0 Lakhs per year
  • IDFC FIRST Bank Branch Manager Salary - ₹7.0 Lakhs to ₹26.0 Lakhs per year
What is the estimated take home salary of a Branch Manager at State Bank of India in India?
The estimated take-home salary of a Branch Manager at State Bank of India ranges between ₹1,22,994 per month to ₹1,26,650 per month in India. The take-home salary calculation is based on the average State Bank of India Branch Manager salary in India which ranges between ₹7.8 Lakhs to ₹30.0 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at State Bank of India?
According to AmbitionBox, 62% of the State Bank of India Branch Managers reported a notice period of 3 Months, 14% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 283 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

State Bank of India Branch Manager salary in India ranges between ₹7.8 Lakhs to ₹30 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 319 State Bank of India latest salaries received from various employees of State Bank of India.