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Tamilnad Mercantile Bank Assistant Manager salaries in India (Updated 2025)

Annual salary range
6 - 13 years exp.
₹6 Lakhs - ₹14 Lakhs
Salary of majority employees
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22% more than the average Assistant Manager Salary in Banking Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
6 - 13 years exp. (36 salaries)
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₹6.3 L/yr - ₹14 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
6 - 13 years exp. (35 salaries)
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₹7.2 L/yr - ₹12.8 L/yr

Finance & Accounting
Assistant Manager Salary
6 - 13 years exp. (30 salaries)
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₹7.3 L/yr - ₹12.6 L/yr

IT & Information Security
Assistant Manager Salary
7 - 12 years exp. (6 salaries)
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₹10.2 L/yr - ₹13 L/yr

Last Updated: 23 Mar 2025

Companies similar to Tamilnad Mercantile Bank for Assistant Manager

Company name Avg Annual Salary Open Jobs
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Standard Chartered Assistant Manager Salary

2 - 18 years exp. (908 salaries)

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₹5.4 L/yr - ₹18.7 L/yr

arrow icon 16% more
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Karur Vysya Bank Assistant Manager Salary

2 - 12 years exp. (565 salaries)

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₹5 L/yr - ₹14 L/yr

arrow icon 11% less
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City Union Bank Assistant Manager Salary

0 - 11 years exp. (517 salaries)

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₹3.7 L/yr - ₹11.6 L/yr

arrow icon 29% less
1 job opening
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CSB Bank Assistant Manager Salary

1 - 10 years exp. (498 salaries)

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₹1.9 L/yr - ₹7.5 L/yr

arrow icon 62% less
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DBS Bank Assistant Manager Salary

2 - 11 years exp. (397 salaries)

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₹2.5 L/yr - ₹9.3 L/yr

arrow icon 42% less
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South Indian Bank Assistant Manager Salary

2 - 11 years exp. (397 salaries)

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₹5 L/yr - ₹16 L/yr

arrow icon 14% more
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ESAF Small Finance Bank Assistant Manager Salary

2 - 11 years exp. (307 salaries)

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₹2.2 L/yr - ₹7.5 L/yr

arrow icon 54% less
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₹2.4 L/yr - ₹10.2 L/yr

arrow icon 49% less
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Fino Payments Bank Assistant Manager Salary

1 - 10 years exp. (266 salaries)

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₹1.7 L/yr - ₹8.5 L/yr

arrow icon 57% less
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₹5.1 L/yr - ₹12 L/yr

arrow icon 5% less
1 job opening
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Assistant Manager salary at Tamilnad Mercantile Bank ranges between ₹6 Lakhs to ₹14 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 148 latest salaries received from various employees of Tamilnad Mercantile Bank.

Latest annual salaries shared by Tamilnad Mercantile Bank Assistant Manager

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11 years exp.
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11 years exp.
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8 years exp.
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12 years exp.
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11 years exp.
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12 years exp.
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12 years exp.
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11 years exp.
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8 years exp.
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9 years exp.

Experience wise Tamilnad Mercantile Bank Assistant Manager salaries

Last Updated: 23 Mar 2025

Experience Avg Annual Salary
6 years  (14 salaries)

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₹6 L/yr - ₹12 L/yr
7 years  (18 salaries)

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₹7 L/yr - ₹12 L/yr
8 years  (29 salaries)

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₹8 L/yr - ₹12.6 L/yr
9 years  (21 salaries)

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₹6.1 L/yr - ₹13 L/yr
10 years  (25 salaries)

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₹7 L/yr - ₹13 L/yr
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Tamilnad Mercantile Bank Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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6 - 13 years exp.

Manager

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9 - 15 years exp.

From

To

Assistant Manager

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6 - 13 years exp.

Branch Manager

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10 - 12 years exp.

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 Tamilnad Mercantile Bank

Assistant Manager O&M Salary
(AmbitionBox Estimate)
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₹8.6 L/yr - ₹10.9 L/yr
Assistant Branch Manager Salary
(AmbitionBox Estimate)
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₹8.3 L/yr - ₹10.6 L/yr
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₹12 L/yr - ₹16 L/yr
Branch Manager Salary
(14 salaries)
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₹11.5 L/yr - ₹17.52 L/yr
Relationship Manager Salary
(AmbitionBox Estimate)
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₹7.4 L/yr - ₹9.4 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹4.9 L/yr - ₹6.2 L/yr
Operations Executive Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Customer Care Executive Salary
(AmbitionBox Estimate)
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₹1.3 L/yr - ₹1.6 L/yr

Salary related reviews for Tamilnad Mercantile Bank

3.3

Rated by 32 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 14 Sep 2023

4.0
 for  Salary and Benefits

Likes

Industry standard salary, job security

  • Salary - Good
  • +1 more

Dislikes

Very very long working hours, absolutely no work life balance. Favouritism, very old culture and very regressive mindset. Fresh bloods are dumped by grudgy, less knowledged seniors.

read more
  • Skill development - Poor
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 May 2022

3.0
 for  Salary and Benefits

Likes

Likes: Monthly salary payment in time. Note that no battas for Deputations/allowances are paid by the management or negligible expenses incurred is paid. So, you run on a loss if you are deputed to any other branch. Dislikes1/2: The work culture here is pathetic. The cross functional teams doesn't intend to work together. Instead, they have their own ways, that doesn't help the organization in anyway to grow together. Management is based from Virudhunagar/Sivakasi (TamilNadu) people only. So you could see lots of top executives working in the organization They are always elevated in their career path even though they do not have the right skill sets. Company policies are it's worst that even for a job change, you have to seek permission from HRD! Late sitting on daily basis even after finishing the designated works, no proper infrastructure in branches, lack in leaders, inefficient management as a whole. Job security is in a decreasing trend now. They either look out for opportunities to send you out on punishment like CRS/increment cuts or torture/fight with you in branches attempting to make a worst culture to exit the job.

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Dislikes

Dislikes 2/2:There are a few hard working people within the company. With which the top executives live a comfortable life here. Training wouldn't be much constructive as they have many excel sheets available for working on credit operations. And even the credit underwritings manipulate the report according to manager's/top level management intention to sanction loans that led to many NPAs. Politics would be there in all the companies. No exception to this company as well. It's worse in this company. Work-Life balance at its worst because all days you'll need to work/late-sit at least till 2100hrs after starting your works from 0930hrs. Promotion is given to people who knows to do politics well enough. There's no innovation in their products/thinking. The company always would be lagging in terms of competitors. Last minute circulars or notifications that you can't execute the EOD operations until finishing an up-hill task withing the branch.

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  • Skill development - Bad
  • +3 more

Full Time

 · 

Other Department

4.0
  •  posted on 06 Apr 2018

4.0
 for  Salary and Benefits

Likes

Team effort, ready to work at any time, sincerity, customer satisfaction,

  • Salary - Good
  • +2 more

Dislikes

Good training Teammates or better to say as friends Salary ...good as compare to Industry Career growth...less chance Work environment...good Otherwise everything good...

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  • Promotions - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 22 Jan 2024

4.0
 for  Salary and Benefits

Likes

Salary and perks

  • Salary - Good
  • +2 more

Dislikes

If you want to live upto 40 years , you can join here.. sometime it will be so surprise of you live upto that age... Pathetic work culture and worst management. Hell work condition always target.Community based bank so they prefer their people over others . To be Frank it's such a useless bank where one can lose their family life. if any one going to apply in this bank ready to sacrifice your life. Even after seeing this you want to work here means hats off to you.

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  • Skill development - Poor
  • +3 more

Full Time

 · 

IT & Information Security Department

2.0
  •  posted on 15 Mar 2025

1.0
 for  Salary and Benefits

Likes

Overall all other teams are good but there is team called Server Team which is the worst team I have ever worked nothing is proper in that team worst Manager one will do anything for his ego

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  • Job security - Good

Dislikes

Very worst team don't ever join Server Team in TMB rest any team you can join if salary is not an issue

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  • Salary - Bad
  • +5 more
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Tamilnad Mercantile Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Tamilnad Mercantile Bank ?
The average salary of a Assistant Manager at Tamilnad Mercantile Bank in India typically ranges from ₹6.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Assistant Manager at Tamilnad Mercantile Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Assistant Manager Salaries at Tamilnad Mercantile Bank 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 100+ Tamilnad Mercantile Bank employees in India.
What is the estimated take home salary of a Assistant Manager at Tamilnad Mercantile Bank in India?
The estimated take-home salary of a Assistant Manager at Tamilnad Mercantile Bank in India typically ranges from ₹74,694 to ₹76,627 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 6 years to 13 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 100+ salaries received from various employees of Tamilnad Mercantile Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Tamilnad Mercantile Bank for Assistant Manager in India?
Noor Bank ₹18.4 Lakhs to ₹30.0 Lakhs per year
State Street Bank ₹8.2 Lakhs to ₹21.5 Lakhs per year
Dhanlaxmi Bank ₹7.0 Lakhs to ₹16.0 Lakhs per year
National Australia Bank ₹9.7 Lakhs to ₹14.0 Lakhs per year
ANZ Banking Group ₹8.0 Lakhs to ₹18.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Tamilnad Mercantile Bank, depending on the role and experience level.
What is the salary of a Assistant Manager in companies similar to Tamilnad Mercantile Bank in India?
The salary of a Assistant Manager at companies similar to Tamilnad Mercantile Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mizuho Bank ₹9.4 Lakhs to ₹18.3 Lakhs per year
Standard Chartered ₹5.4 Lakhs to ₹18.7 Lakhs per year
South Indian Bank ₹5.0 Lakhs to ₹16.0 Lakhs per year
Paytm Payments Bank ₹5.0 Lakhs to ₹19.7 Lakhs per year
Nkgsb CO-OP Bank ₹6.9 Lakhs to ₹14.5 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 Assistant Manager at Tamilnad Mercantile Bank in India?
The salary growth for a Assistant Manager at Tamilnad Mercantile Bank depends on factors such as experience, performance, and promotions. On average, a Assistant Manager can expect the following growth trajectory at Tamilnad Mercantile Bank:

Experience Average Salary Range
6 years ₹6.0 Lakhs to ₹12.0 Lakhs per year
7 years ₹7.0 Lakhs to ₹12.0 Lakhs per year
8 years ₹8.0 Lakhs to ₹12.6 Lakhs per year
9 years ₹6.1 Lakhs to ₹13.0 Lakhs per year
and so on.

Tell us how to improve this page.

Tamilnad Mercantile Bank Assistant Manager salary in India ranges between ₹6 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 148 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.