Tamilnad Mercantile Bank Assistant Manager 1 Salaries by 4 Employees (Updated 2024)

4 - 8 years exp.

₹8.5 Lakhs - ₹12.7 Lakhs

Low Confidence

Salary of majority employees

135% more than the average Assistant Manager 1 Salary in Banking Companies for 4 - 8 years of experience

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Salaries in different departments

Marketing & Communication Assistant Manager 1 Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr
Customer Success, Service & Operations Assistant Manager 1 Salary 6 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
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Sales & Business Development Assistant Manager 1 Salary 4 years exp. (AmbitionBox Estimate)	₹11.4 L/yr - ₹14 L/yr

Last Updated: 14 Oct 2024

Companies similar to Tamilnad Mercantile Bank for Assistant Manager 1

Company name	Avg Annual Salary	Open Jobs
Karur Vysya Bank Assistant Manager 1 Salary 5 - 8 years exp. (5 salaries)	₹4.5 L/yr - ₹8.2 L/yr 32% less
Federal Bank Assistant Manager 1 Salary 0 - 9 years exp. (5 salaries)	₹7.5 L/yr - ₹12 L/yr 6% less
Login to view exact salary
DCB Bank Assistant Manager 1 Salary 0 - 4 years exp. (8 salaries)	₹2.2 L/yr - ₹4 L/yr 73% less
RBL Bank Assistant Manager 1 Salary 2 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹3.8 L/yr 67% less
Bandhan Bank Assistant Manager 1 Salary 1 - 6 years exp. (11 salaries)	₹2.4 L/yr - ₹3.5 L/yr 69% less
Yes Bank Assistant Manager 1 Salary 3 - 6 years exp. (9 salaries)	₹3.5 L/yr - ₹5 L/yr 57% less
Fino Payments Bank Assistant Manager 1 Salary 4 - 15 years exp. (8 salaries)	₹3 L/yr - ₹4.6 L/yr 62% less
DBS Bank Assistant Manager 1 Salary 4 - 7 years exp. (5 salaries)	₹6 L/yr - ₹6.9 L/yr 37% less
Bank of America Assistant Manager 1 Salary 3 - 15 years exp. (5 salaries)	₹12.2 L/yr - ₹23 L/yr 63% more
AU Small Finance Bank Assistant Manager 1 Salary 1 - 10 years exp. (4 salaries)	₹3.7 L/yr - ₹5.5 L/yr 54% less
Suryoday Small Finance Bank Assistant Manager 1 Salary 7 - 10 years exp. (3 salaries)	₹3.6 L/yr - ₹5.4 L/yr 58% less
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Assistant Manager 1 salary at Tamilnad Mercantile Bank ranges between ₹8.5 Lakhs to ₹12.7 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Assistant Manager 1 salaries

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹12.7 L/yr
5 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
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6 years (AmbitionBox Estimate)	₹10 L/yr - ₹18.4 L/yr
7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹16.3 L/yr
8 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹8.5 L/yr

Similar Designation salaries in Tamilnad Mercantile Bank

Assistant Manager O&M Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Assistant Branch Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Operations Manager Salary

(3 salaries)

₹12 L/yr - ₹16 L/yr

Branch Manager Salary

(14 salaries)

₹11.5 L/yr - ₹17.52 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Operations Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for Tamilnad Mercantile Bank

3.0

Rated by 1 employees for salary & benefits

Branch Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 22 Jan 2024

4.0

for Salary and Benefits

Likes

Salary and perks

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.

Clerk in Coimbatore

Full Time

Finance & Accounting Department

1.0

• posted on 10 Sep 2024

1.0

for Salary and Benefits

Likes

...ke here... Don't waste your time for looking a job from here.... It's an hell... They won't gave a 30k salary as without pressure... And targets... This is working place is not suitable for long life survival... To be very frankly...

Dislikes

All these things.... The co worker also have useless attitude... Always being with very pressurized environment... You are required to work a multiple works... And Here there is no way for work life balance... You'll be sacrifice your dreams as well as everything... If possible please don't think about bank job.

Clerk in Bangalore / Bengaluru

Full Time

Food, Beverage & Hospitality Department

1.0

• posted on 16 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to like. Dislikes only.

Dislikes

...completely scam for new joining employees don't join here. 1)They are showing 6.2lpa CTC and giving only 30k/month salary. 2)You won't get increment till you become confirmed clerk. 3)you will not become confirmed clerk untill you clear JAIIB. And you won't get time for study so they are keeping everyone in probationary period only. 4) you have to stay in bank till 9:30 pm and you won't get over time allowance. 5) alternative Saturday is holiday but you have to go for marketing. 6)They will give you performance based incentive. But if you are leaving bank you have to pay back that amount along with 3 months salary. 7) no enough staffs ..each and every work you have to do. 8)My kind advice for everyone please don't join this bank.

Credit Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jul 2024

5.0

for Salary and Benefits

Likes

For only salary to live...no work life balance...providing torture 24 *7

Dislikes

...d torture the staffs...employee should do the desk work and also do marketing...executives asking why should u receive salary after got all the work from us night 10.00 pm... Average work completion time is 10.00 p.m...openly send whatsapp message to work on leave days...

Assistant Manager in Chennai

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

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Tamilnad Mercantile Bank Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at Tamilnad Mercantile Bank?

Assistant Manager 1 salary at Tamilnad Mercantile Bank in India ranges between ₹8.5 Lakhs to ₹12.7 Lakhs for experience between 4 years to 8 years. According to our estimates it is 135% more than the average Assistant Manager 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Tamilnad Mercantile Bank India.

How does the salary of a Assistant Manager 1 at Tamilnad Mercantile Bank India compare with the average salary range for this job?

The average salary of a Assistant Manager 1 at Tamilnad Mercantile Bank is 135% more than the average salary of a Assistant Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Tamilnad Mercantile Bank to a Assistant Manager 1 in India?

Bank of America Assistant Manager 1 Salary - ₹12.2 Lakhs to ₹23.0 Lakhs per year

What is the salary of a Assistant Manager 1 in companies similar to Tamilnad Mercantile Bank in India?

Federal Bank Assistant Manager 1 Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
Karur Vysya Bank Assistant Manager 1 Salary - ₹4.5 Lakhs to ₹8.2 Lakhs per year
DBS Bank Assistant Manager 1 Salary - ₹6.0 Lakhs to ₹6.9 Lakhs per year
AU Small Finance Bank Assistant Manager 1 Salary - ₹3.7 Lakhs to ₹5.5 Lakhs per year
Yes Bank Assistant Manager 1 Salary - ₹3.5 Lakhs to ₹5.0 Lakhs per year

What is the estimated take home salary of a Assistant Manager 1 at Tamilnad Mercantile Bank in India?

The estimated take-home salary of a Assistant Manager 1 at Tamilnad Mercantile Bank ranges between ₹74,241 per month to ₹76,161 per month in India. The take-home salary calculation is based on the average Tamilnad Mercantile Bank Assistant Manager 1 salary in India which ranges between ₹8.5 Lakhs to ₹12.7 Lakhs per year for employees with experience between 4 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager 1 at Tamilnad Mercantile Bank?

According to AmbitionBox, 75% of the Tamilnad Mercantile Bank Assistant Manager 1s reported a notice period of 3 Months, 25% reported a notice period of More than 3 months.This is based on 4 responses on AmbitionBox in last 2 years.

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Tamilnad Mercantile Bank Assistant Manager 1 Salaries

Tamilnad Mercantile Bank Assistant Manager 1 salary in India ranges between ₹8.5 Lakhs to ₹12.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.