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Tamilnad Mercantile Bank Assistant Manager salaries in Nagercoil

Annual salary range
7 - 12 years exp.
₹8.5 Lakhs - ₹12 Lakhs
Salary of majority employees
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8% less than the average Assistant Manager Salary in Banking Companies for 7 - 12 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
7 - 10 years exp. (4 salaries)
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₹8.5 L/yr - ₹10.1 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
9 - 12 years exp. (AmbitionBox Estimate)
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₹10.2 L/yr - ₹12 L/yr

Finance & Accounting
Assistant Manager Salary
8 - 11 years exp. (AmbitionBox Estimate)
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₹10.8 L/yr - ₹11 L/yr

Last Updated: 24 Nov 2024

Companies similar to Tamilnad Mercantile Bank for Assistant Manager in Nagercoil

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Tamilnad Mercantile Bank Assistant Manager Salary

7 - 12 years exp. (8 salaries)

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₹8.5 L/yr - ₹12 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Tahal Group Assistant Manager Salary

11 - 13 years exp. (6 salaries)

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₹5.2 L/yr - ₹8 L/yr

arrow icon 30% less
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Crescent Careers Assistant Manager Salary

8 - 11 years exp. (4 salaries)

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₹4.2 L/yr - ₹8.5 L/yr

arrow icon 33% less
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₹15 L/yr - ₹17.9 L/yr

arrow icon 56% more
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₹7.2 L/yr - ₹9.6 L/yr

arrow icon 17% less
Assistant Manager salary at Tamilnad Mercantile Bank ranges between ₹8.5 Lakhs to ₹12 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of Tamilnad Mercantile Bank.

Latest annual salaries shared by Tamilnad Mercantile Bank Assistant Manager in Nagercoil

3w ago
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12 years exp.
3mo ago
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8 years exp.
3mo ago
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11 years exp.
5mo ago
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8 years exp.
9mo ago
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10 years exp.
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7 years exp.
1y ago
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9 years exp.

Experience wise Tamilnad Mercantile Bank Assistant Manager salaries in Nagercoil

Last Updated: 24 Nov 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹9.4 L/yr - ₹17.9 L/yr
8 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)

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₹9 L/yr - ₹10.2 L/yr
10 years (AmbitionBox Estimate)

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₹9 L/yr - ₹18.5 L/yr
11 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹11 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.

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.

Salary related reviews for Tamilnad Mercantile Bank

4.0

Rated by 1 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

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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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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Full Time

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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,

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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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.

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Full Time

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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...

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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.

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Tamilnad Mercantile Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Tamilnad Mercantile Bank Nagercoil?
Assistant Manager salary at Tamilnad Mercantile Bank in Nagercoil ranges between ₹8.5 Lakhs to ₹12.0 Lakhs for experience between 7 years to 12 years. According to our estimates it is 8% less than the average Assistant Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Tamilnad Mercantile Bank Nagercoil.
How does the salary of a Assistant Manager at Tamilnad Mercantile Bank Nagercoil compare with the average salary range for this job?
The average salary of a Assistant Manager at Tamilnad Mercantile Bank is 8% less than the average salary of a Assistant Manager in Nagercoil. To know exact salary insights, login to view.
Which similar companies are paying more than Tamilnad Mercantile Bank to a Assistant Manager in Nagercoil?
  • The New India Assurance Co. Assistant Manager Salary - ₹15.0 Lakhs to ₹17.9 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Tamilnad Mercantile Bank in Nagercoil?
  • Carborundum Universal Limited Assistant Manager Salary - ₹7.2 Lakhs to ₹9.6 Lakhs per year
  • Tahal Group Assistant Manager Salary - ₹5.2 Lakhs to ₹8.0 Lakhs per year
  • Crescent Careers Assistant Manager Salary - ₹4.2 Lakhs to ₹8.5 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Tamilnad Mercantile Bank in Nagercoil?
The estimated take-home salary of a Assistant Manager at Tamilnad Mercantile Bank ranges between ₹73,594 per month to ₹75,495 per month in Nagercoil. The take-home salary calculation is based on the average Tamilnad Mercantile Bank Assistant Manager salary in India which ranges between ₹8.5 Lakhs to ₹12.0 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Tamilnad Mercantile Bank in Nagercoil?
According to AmbitionBox, 83% of the Tamilnad Mercantile Bank Assistant Managers in Nagercoil reported a notice period of 3 Months, 17% reported a notice period of More than 3 months.This is based on 6 responses on AmbitionBox in last 2 years.

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Tamilnad Mercantile Bank Assistant Manager salary in Nagercoil ranges between ₹8.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.