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State Bank of India Salaries in Mumbai

based on 1.5k latest salaries
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BFSI, Investments & Trading Finance & Accounting Customer Success, Service & Operations Engineering - Software & QA + 6 more
Designation Avg Annual Salary Open Jobs
4 - 10 years exp. · Mumbai (4 salaries)
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₹7 L/yr - ₹14.6 L/yr

11 - 18 years exp. · Mumbai (4 salaries)
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₹19 L/yr - ₹35 L/yr

0 - 4 years exp. · Mumbai (4 salaries)
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₹2.4 L/yr - ₹3.8 L/yr

29 - 31 years exp. · Mumbai (4 salaries)
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₹50 L/yr - ₹1 Cr/yr

0 - 1 year exp. · Mumbai (4 salaries)
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₹1.9 L/yr - ₹3.2 L/yr

31 - 35 years exp. · Mumbai (4 salaries)
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₹2.7 L/yr - ₹3.5 L/yr

9 - 21 years exp. · Mumbai (4 salaries)
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₹24 L/yr - ₹35 L/yr

3 - 6 years exp. · Mumbai (4 salaries)
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₹7.1 L/yr - ₹14 L/yr

10 - 12 years exp. · Mumbai (4 salaries)
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₹25 L/yr - ₹37 L/yr

1 - 5 years exp. · Mumbai (4 salaries)
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₹1 L/yr - ₹5.6 L/yr

8 - 12 years exp. · Mumbai (4 salaries)
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₹22 L/yr - ₹27 L/yr

3 - 8 years exp. · Mumbai (4 salaries)
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₹12 L/yr - ₹15 L/yr

1 - 15 years exp. · Mumbai (4 salaries)
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₹15 L/yr - ₹30 L/yr

5 - 11 years exp. · Mumbai (4 salaries)
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₹18 L/yr - ₹27 L/yr

4 - 7 years exp. · Mumbai (4 salaries)
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₹7.2 L/yr - ₹7.7 L/yr

17 - 26 years exp. · Mumbai (4 salaries)
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₹35 L/yr - ₹40 L/yr

3 - 5 years exp. · Mumbai (4 salaries)
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₹4 L/yr - ₹4.9 L/yr

31 - 34 years exp. · Mumbai (4 salaries)
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₹12 L/yr - ₹18.1 L/yr

5 - 11 years exp. · Mumbai (4 salaries)
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₹21.2 L/yr - ₹30 L/yr

6 - 11 years exp. · Mumbai (3 salaries)
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₹3.8 L/yr - ₹15.7 L/yr

Last Updated: 23 Dec, 2024

Salary related reviews for State Bank of India

3.7

Rated by 305 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

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.

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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.

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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.

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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.

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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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Full Time

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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.

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Dislikes

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

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Other Department

3.0
  •  posted on 10 Jul 2019

4.0
 for  Salary and Benefits

Likes

Job security,salary,perks,provision of banks residence,pension after 20 yrs service

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Dislikes

Poor career growth,lot of politics for promotion at senior level,,boring and dull work environment,poor work life balance,no innovation,encouragement.personal qualifications hardly matter.poor work satisfaction.Rigid Transfer policy.Frequent transfers.Many places are difficult centres.

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State Bank of India Salary FAQs

How much does State Bank of India pay per year?
The average State Bank of India salary ranges from approximately ₹0.2 Lakh to ₹2 Lakhs per year for a Attendant and ₹38 Lakhs to ₹1 Crore per year for a Chief General Manager. Salary estimates are based on 1.5k State Bank of India salaries received from various employees of State Bank of India. State Bank of India employees rate the overall salary and benefits package 3.7/5 stars.
What is the highest salary in State Bank of India?
The highest-paying job at State Bank of India is a Chief General Manager with a salary of ₹38 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹24.99 lakhs per year. The top 1% earn more than a whopping ₹51 lakhs per year.
What is the minimum salary in State Bank of India?
Minimum salary at State Bank of India depends on the role you are applying for. For Sales Executive the minimum salary is ₹0.9 Lakh to ₹4 Lakhs per year, and for Associate the minimum salary is ₹2.4 Lakhs to ₹10 Lakhs per year and so on.
What is the salary package for freshers in State Bank of India?
The average salary at State Bank of India for freshers varies from ₹1 Lakh to ₹2.5 Lakhs per year for Office Assistant and ₹6.5 Lakhs to ₹15 Lakhs per year for Assistant Manager.
What is the notice period at State Bank of India in Mumbai?
According to AmbitionBox, 54% of the State Bank of India employees in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 904 responses on AmbitionBox in last 2 years.

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Average annual salary in State Bank of India , Mumbai is INRunlock blur . Salary estimates are based on 1.5k State Bank of India latest salaries received from various employees of State Bank of India.

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