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State Bank of India Service Manager salaries in New Delhi

Annual salary range
5 - 7 years exp.
₹7.5 Lakhs - ₹12 Lakhs
Salary of majority employees
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32% more than the average Service Manager Salary in Banking Companies for 5 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Service Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹12.8 L/yr

Customer Success, Service & Operations
Service Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹7.5 L/yr - ₹10 L/yr

Last Updated: 4 Jul 2024

Companies similar to State Bank of India for Service Manager in New Delhi

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State Bank of India Service Manager Salary

5 - 7 years exp. (4 salaries)

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₹7.5 L/yr - ₹12 L/yr

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Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Service Manager Salary

2 - 16 years exp. (31 salaries)

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₹3.9 L/yr - ₹15 L/yr

arrow icon 13% less
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Standard Chartered Service Manager Salary

2 - 12 years exp. (14 salaries)

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₹4 L/yr - ₹13 L/yr

arrow icon 22% less
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IndusInd Bank Service Manager Salary

2 - 6 years exp. (12 salaries)

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₹4 L/yr - ₹6 L/yr

arrow icon 57% less
3 job openings
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HDFC Bank Service Manager Salary

5 - 11 years exp. (10 salaries)

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₹5 L/yr - ₹9.5 L/yr

arrow icon 42% less
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Axis Bank Service Manager Salary

4 - 11 years exp. (7 salaries)

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₹4.1 L/yr - ₹8.2 L/yr

arrow icon 33% less
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ICICI Bank Service Manager Salary

1 - 8 years exp. (6 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 48% less
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IDFC FIRST Bank Service Manager Salary

5 - 9 years exp. (6 salaries)

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₹4.5 L/yr - ₹9 L/yr

arrow icon 48% less
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Yes Bank Service Manager Salary

8 - 9 years exp. (3 salaries)

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₹5.1 L/yr - ₹8 L/yr

arrow icon 41% less
Service Manager salary at State Bank of India ranges between ₹7.5 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Service Manager in New Delhi

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7 years exp.
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6 years exp.
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6 years exp.
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5 years exp.

Experience wise State Bank of India Service Manager salaries in New Delhi

Last Updated: 4 Jul 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹12.1 L/yr
6 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹12.1 L/yr
7 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹12.1 L/yr

Similar Designation salaries in State Bank of India

Deputy Manager Salary
(66 salaries)
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₹7.5 L/yr - ₹25 L/yr
Sales Manager Salary
(3 salaries)
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₹3.2 L/yr - ₹5 L/yr

Salary related reviews for State Bank of India

Branch Banking Department

3.0
  •  posted on 05 Mar 2022

4.0
 for  Salary and Benefits

Likes

Job security is great, financial compensation is good and nothing else.

read more
  • Salary - Good
  • +2 more

Dislikes

Lack of work life balance is the biggest negative draw. Staff strength is on the lower side that hampers overall performance and increases stress on ground level.

read more
  • Work-life balance - Bad

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

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
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State Bank of India Service Manager Salary FAQs

What is the salary of Service Manager at State Bank of India in New Delhi?
The average salary of a Service Manager at State Bank of India in New Delhi typically ranges from ₹7.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Service Manager in New Delhi at State Bank of India earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Service 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 4 State Bank of India employees in India.
What is the estimated take home salary of a Service Manager at State Bank of India in New Delhi?
The estimated take-home salary of a Service Manager at State Bank of India in New Delhi typically ranges from ₹75,557 to ₹77,514 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 5 years to 7 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 4 salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Service Manager in companies similar to State Bank of India in New Delhi?
The salary of a Service Manager at companies similar to State Bank of India in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank ₹3.9 Lakhs to ₹15.0 Lakhs per year
Standard Chartered ₹4.0 Lakhs to ₹13.0 Lakhs per year
Axis Bank ₹4.1 Lakhs to ₹8.2 Lakhs per year
Yes Bank ₹5.1 Lakhs to ₹8.0 Lakhs per year
HDFC Bank ₹5.0 Lakhs to ₹9.5 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 Service Manager at State Bank of India in New Delhi?
The salary growth for a Service Manager at State Bank of India in New Delhi depends on factors such as experience, performance, and promotions. On average, a Service Manager in New Delhi can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
5 years ₹9.5 Lakhs to ₹12.1 Lakhs per year
6 years ₹9.5 Lakhs to ₹12.1 Lakhs per year
7 years ₹9.5 Lakhs to ₹12.1 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Service Manager salary in New Delhi ranges between ₹7.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.