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

Annual salary range
4 - 15 years exp.
₹7.2 Lakhs - ₹28 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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105% more than the average Deputy Manager Salary in Banking Companies for 4 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Manager Salary
4 - 15 years exp. (34 salaries)
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₹7 L/yr - ₹25 L/yr

Finance & Accounting
Deputy Manager Salary
4 - 13 years exp. (10 salaries)
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₹7.5 L/yr - ₹26 L/yr

Customer Success, Service & Operations
Deputy Manager Salary
6 - 15 years exp. (7 salaries)
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₹8 L/yr - ₹18 L/yr

Engineering - Software & QA
Deputy Manager Salary
6 - 12 years exp. (6 salaries)
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₹10.5 L/yr - ₹19.5 L/yr

IT & Information Security
Deputy Manager Salary
5 - 12 years exp. (6 salaries)
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₹14 L/yr - ₹25 L/yr

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Last Updated: 18 Mar 2025

Companies similar to State Bank of India for Deputy Manager in Mumbai

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State Bank of India Deputy Manager Salary

4 - 15 years exp. (96 salaries)

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₹7.2 L/yr - ₹28 L/yr

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

0 - 15 years exp. (3.6k salaries)

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₹2 L/yr - ₹10.6 L/yr

arrow icon 62% less
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HDFC Bank Deputy Manager Salary

0 - 14 years exp. (3.6k salaries)

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₹2 L/yr - ₹10 L/yr

arrow icon 66% less
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Kotak Mahindra Bank Deputy Manager Salary

0 - 13 years exp. (3.4k salaries)

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₹1.7 L/yr - ₹8.2 L/yr

arrow icon 72% less
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Axis Bank Deputy Manager Salary

0 - 14 years exp. (2.2k salaries)

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₹2 L/yr - ₹11.6 L/yr

arrow icon 62% less
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IndusInd Bank Deputy Manager Salary

0 - 13 years exp. (750 salaries)

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₹1.7 L/yr - ₹7.5 L/yr

arrow icon 70% less
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Yes Bank Deputy Manager Salary

0 - 13 years exp. (732 salaries)

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₹2.9 L/yr - ₹9 L/yr

arrow icon 66% less
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IDFC FIRST Bank Deputy Manager Salary

0 - 11 years exp. (594 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 68% less
8 job openings
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AU Small Finance Bank Deputy Manager Salary

0 - 12 years exp. (120 salaries)

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₹3.5 L/yr - ₹7.5 L/yr

arrow icon 68% less
6 job openings
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Bandhan Bank Deputy Manager Salary

0 - 10 years exp. (66 salaries)

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₹3.5 L/yr - ₹7.2 L/yr

arrow icon 68% less
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Standard Chartered Deputy Manager Salary

3 - 10 years exp. (8 salaries)

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₹4.1 L/yr - ₹7 L/yr

arrow icon 66% less
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Shinhan Bank Deputy Manager Salary

4 - 11 years exp. (8 salaries)

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₹4.8 L/yr - ₹15 L/yr

arrow icon 42% less
Deputy Manager salary at State Bank of India ranges between ₹7.2 Lakhs to ₹28 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 96 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Deputy Manager in Mumbai

2w ago
₹18 Lakhs
12 years exp.
3w ago
₹24 Lakhs
7 years exp.
4w ago
₹7.6 Lakhs
12 years exp.
1mo ago
₹18 Lakhs
10 years exp.
1mo ago
₹17 Lakhs
13 years exp.
2mo ago
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6 years exp.
2mo ago
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11 years exp.
3mo ago
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9 years exp.
3mo ago
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12 years exp.
3mo ago
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7 years exp.

Experience wise State Bank of India Deputy Manager salaries in Mumbai

Last Updated: 18 Mar 2025

Experience Avg Annual Salary
4 years  (8 salaries)

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₹12 L/yr - ₹22 L/yr
5 years  (8 salaries)

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₹9 L/yr - ₹31.2 L/yr
6 years  (11 salaries)

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₹7.5 L/yr - ₹24 L/yr
7 years  (17 salaries)

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₹7 L/yr - ₹24 L/yr
8 years  (12 salaries)

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₹10 L/yr - ₹26 L/yr
View all
State Bank of India Deputy Manager Salary and Career Growth

From

To

Deputy Manager

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4 - 15 years exp.

Regional Manager

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12 - 26 years exp.

Deputy Manager

4 - 15 years exp.
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Manager

6 - 16 years exp.
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arrow icon 33% hike

Chief Manager

11 - 22 years exp.
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arrow icon 41% hike

From

To

Deputy Manager

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4 - 15 years exp.

General Manager, Audit

Salary unavailable

From

To

Deputy Manager

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4 - 15 years exp.

New Business Manager

Salary unavailable
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in State Bank of India

Branch Manager Salary
(35 salaries)
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₹12 L/yr - ₹37 L/yr
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₹7.5 L/yr - ₹27 L/yr

Top skills at State Bank of India for Deputy Manager

Java SQL REST API Machine Learning Artificial Intelligence Python Hibernate MS Office Oracle Unix Internet Banking Spring Boot IT Infrastructure Management CRM Programming

Salary related reviews for State Bank of India

4.0

Rated by 26 employees for salary & benefits

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.

read more
  • Skill development - Bad
  • +3 more

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.

read more
  • 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.

read more
  • Company culture - Poor
  • +1 more

Full Time

 · 

Data Science & Analytics Department

3.0
  •  posted on 27 Jul 2023

1.0
 for  Salary and Benefits

Likes

State Bank of India is still working like traditional banker and since it is largest bank it takes too much time to see any rapid changes which is need of the hour.

read more
  • Job security - Excellent

Dislikes

Salary is way below and the transfer and promotion policies are very opaque

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 20 Mar 2025

4.0
 for  Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

read more
  • Salary - Good
  • +4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

read more
  • Work-life balance - Bad

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.

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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State Bank of India Deputy Manager Salary FAQs

What is the salary of Deputy Manager at State Bank of India in Mumbai?
The average salary of a Deputy Manager at State Bank of India in Mumbai typically ranges from ₹7.2 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Deputy Manager in Mumbai at State Bank of India earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹27.5 Lakhs per year. Deputy Manager Salaries at State Bank of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 90+ State Bank of India employees in India.
What is the estimated take home salary of a Deputy Manager at State Bank of India in Mumbai?
The estimated take-home salary of a Deputy Manager at State Bank of India in Mumbai typically ranges from ₹1,18,566 to ₹1,21,887 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 4 years to 15 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 90+ salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Deputy Manager at State Bank of India in Mumbai?
To be a Deputy Manager at State Bank of India in Mumbai, the key skills required include:

  • - Java
  • - SQL
  • - REST API
  • - Machine Learning
  • - Artificial Intelligence

These skills are highly valued at State Bank of India and are crucial for successful performance in a Software Engineering role.
What is the salary of a Deputy Manager in companies similar to State Bank of India in Mumbai?
The salary of a Deputy Manager at companies similar to State Bank of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shinhan Bank ₹4.8 Lakhs to ₹15.0 Lakhs per year
Axis Bank ₹2.0 Lakhs to ₹11.6 Lakhs per year
ICICI Bank ₹2.0 Lakhs to ₹10.6 Lakhs per year
HDFC Bank ₹2.0 Lakhs to ₹10.0 Lakhs per year
Standard Chartered ₹4.1 Lakhs to ₹7.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Deputy Manager at State Bank of India in Mumbai?
The salary growth for a Deputy Manager at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Manager in Mumbai can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
4 years ₹12.0 Lakhs to ₹22.0 Lakhs per year
5 years ₹9.0 Lakhs to ₹31.2 Lakhs per year
6 years ₹7.5 Lakhs to ₹24.0 Lakhs per year
7 years ₹7.0 Lakhs to ₹24.0 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Deputy Manager salary in Mumbai ranges between ₹7.2 Lakhs to ₹28 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 96 State Bank of India latest salaries received from various employees of State Bank of India.