State Bank of India DGM Salaries by 5 Employees

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₹28 Lakhs - ₹40 Lakhs

Low Confidence

Salary of majority employees

12% more than the average DGM Salary in Banking Companies for 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading DGM Salary 31 years exp. (AmbitionBox Estimate)	₹27 L/yr - ₹33 L/yr
Administration & Facilities DGM Salary 31 years exp. (AmbitionBox Estimate)	₹31.5 L/yr - ₹38.5 L/yr
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CSR & Social Service DGM Salary 31 years exp. (AmbitionBox Estimate)	₹36 L/yr - ₹44 L/yr

Last Updated: 1 Dec 2024

Companies similar to State Bank of India for DGM

Company name	Avg Annual Salary	Open Jobs
ICICI Bank DGM Salary 17 - 20 years exp. (4 salaries)	₹22.6 L/yr - ₹55.3 L/yr 47% more
Bank of Baroda DGM Salary 22 - 31 years exp. (4 salaries)	₹21 L/yr - ₹35 L/yr 17% less
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IDBI Bank DGM Salary 16 - 25 years exp. (24 salaries)	₹24 L/yr - ₹50 L/yr 7% less
Reserve Bank of India DGM Salary 12 - 31 years exp. (3 salaries)	₹18.5 L/yr - ₹42 L/yr 28% less
Jio DGM Salary 15 - 23 years exp. (119 salaries)	₹19 L/yr - ₹48 L/yr 13% less

DGM salary at State Bank of India ranges between ₹28 Lakhs to ₹40 Lakhs per year for employees with 31 years of experience. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India DGM salaries

Last Updated: 1 Dec 2024

Experience	Avg Annual Salary
15+ years (5 salaries)	₹28 L/yr - ₹40 L/yr
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Salary related reviews for State Bank of India

4.2

Rated by 5 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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an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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State Bank of India DGM Salary FAQs

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

DGM salary at State Bank of India in India ranges between ₹28.0 Lakhs to ₹40.0 Lakhs for 31 years of experience. According to our estimates it is 12% more than the average DGM Salary in India. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India India.

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

The average salary of a DGM at State Bank of India is 12% more than the average salary of a DGM in India. To know exact salary insights, login to view.

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

ICICI Bank DGM Salary - ₹22.6 Lakhs to ₹55.3 Lakhs per year

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

IDBI Bank DGM Salary - ₹24.0 Lakhs to ₹50.0 Lakhs per year
Jio DGM Salary - ₹19.0 Lakhs to ₹48.0 Lakhs per year
Bank of Baroda DGM Salary - ₹21.0 Lakhs to ₹35.0 Lakhs per year
Reserve Bank of India DGM Salary - ₹18.5 Lakhs to ₹42.0 Lakhs per year

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

The estimated take-home salary of a DGM at State Bank of India ranges between ₹2,09,594 per month to ₹2,17,934 per month in India. The take-home salary calculation is based on the average State Bank of India DGM salary in India which ranges between ₹28.0 Lakhs to ₹40.0 Lakhs per year for employees with 31 years of experience. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the State Bank of India DGMs reported a notice period of 15 days or less, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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State Bank of India DGM Salaries

State Bank of India DGM salary in India ranges between ₹28 Lakhs to ₹40 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 State Bank of India latest salaries received from various employees of State Bank of India.