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State Bank of India Salaries in Mumbai (Updated 2025)

based on 1.5k latest salaries
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BFSI, Investments & Trading Finance & Accounting Engineering - Software & QA Customer Success, Service & Operations + 6 more
Designation Avg Annual Salary Open Jobs
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

0 - 1 year exp. · Mumbai (3 salaries)
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₹1.2 L/yr - ₹1.5 L/yr

1 - 2 years exp. · Mumbai (3 salaries)
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₹1.4 L/yr - ₹1.7 L/yr

3 - 6 years exp. · Mumbai (3 salaries)
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₹4.4 L/yr - ₹6 L/yr

2 - 4 years exp. · Mumbai (3 salaries)
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₹1 L/yr - ₹1.6 L/yr

2 - 5 years exp. · Mumbai (3 salaries)
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₹2 L/yr - ₹5 L/yr

3 - 4 years exp. · Mumbai (3 salaries)
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₹2.4 L/yr - ₹3.2 L/yr

7 - 9 years exp. · Mumbai (3 salaries)
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₹18 L/yr - ₹22 L/yr

8 - 15 years exp. · Mumbai (3 salaries)
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₹15 L/yr - ₹30 L/yr

10 - 11 years exp. · Mumbai (3 salaries)
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₹10.8 L/yr - ₹13.8 L/yr

0 - 1 year exp. · Mumbai (3 salaries)
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₹1.1 L/yr - ₹3 L/yr

6 - 9 years exp. · Mumbai (3 salaries)
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₹11.2 L/yr - ₹20 L/yr

2 - 10 years exp. · Mumbai (3 salaries)
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₹7 L/yr - ₹9 L/yr

4 - 6 years exp. · Mumbai (3 salaries)
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₹15 L/yr - ₹18 L/yr

8 - 15 years exp. · Mumbai (3 salaries)
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₹24 L/yr - ₹26 L/yr

8 years exp. · Mumbai (3 salaries)
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₹5 L/yr - ₹34 L/yr

2 - 4 years exp. · Mumbai (3 salaries)
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₹2.6 L/yr - ₹5.4 L/yr

3 - 5 years exp. · Mumbai (3 salaries)
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₹5.7 L/yr - ₹7.5 L/yr

10 - 15 years exp. · Mumbai (3 salaries)
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₹20 L/yr - ₹26 L/yr

Last Updated: 5 Apr, 2025

Salary related reviews for State Bank of India

3.7

Rated by 328 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 12 Mar 2025

2.0
 for  Salary and Benefits

Likes

Job security,low interest rate for loans ,medical facilities ,leave facility and perks

  • Job security - Good

Dislikes

No work life balance Excess workload Not sufficient salary according to work we do Long working hours without any overtime No resolution of grievances .you just have to work and work to complete the work Shortage of staff.

read more
  • Salary - Poor
  • +5 more

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.

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  • Company culture - Poor
  • +1 more

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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  • 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.

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  • Skill development - Bad
  • +2 more

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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  • Job security - Excellent

Dislikes

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

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  • Salary - Bad
  • +4 more
see more salary related reviews

State Bank of India Salary FAQs

How much does State Bank of India pay to its employees?
The average annual salary at State Bank of India varies depending on the role, experience, and location. The salary ranges for some popular designations at State Bank of India, are as follows:

Treasury Relationship Manager ₹21.2 Lakhs to ₹30 Lakhs per year
Senior Marketing Executive ₹3.8 Lakhs to ₹15.7 Lakhs per year
KYC Analyst ₹1.2 Lakhs to ₹1.5 Lakhs per year
Back Office Operator ₹1.4 Lakhs to ₹1.7 Lakhs per year

The highest-paying role, Chief General Manager, earns between ₹38 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹25 Lakhs per year, and the top 1% earn over ₹50 Lakhs per year. 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 salary estimates are based on data from 1.5k salaries submitted by State Bank of India employees. State Bank of India is rated 3.7 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at State Bank of India in Mumbai?
The salary of a fresher at State Bank of India in Mumbai typically ranges from ₹1 Lakh to ₹18.3 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Branch Relationship Executive Salary ₹1.2 Lakhs to ₹4 Lakhs per year
Fresher as a Probationary Officer Salary ₹5.9 Lakhs to ₹18.3 Lakhs per year
Fresher as a Sales Executive Salary ₹1.2 Lakhs to ₹3.6 Lakhs per year
Fresher as a FOS Executive Salary ₹2 Lakhs to ₹3.4 Lakhs per year

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Average annual salary in State Bank of India , Mumbai is INRunlock blur . Salary estimates are based on 1500+ State Bank of India latest salaries received from various employees of State Bank of India.

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