Tamilnad Mercantile Bank Banking Associate Salaries by 2 Employees (Updated 2025)

5 - 7 years exp.

₹6.8 Lakhs - ₹8.6 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Salaries in different departments

Customer Success, Service & Operations Banking Associate Salary 5 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr
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Finance & Accounting Banking Associate Salary 7 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr

Last Updated: 5 Feb 2025

Companies similar to Tamilnad Mercantile Bank for Banking Associate

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City Union Bank Banking Associate Salary 0 - 3 years exp. (6 salaries)	₹3 L/yr - ₹4.3 L/yr 47% less
Karur Vysya Bank Banking Associate Salary 0 - 11 years exp. (4 salaries)	₹1.5 L/yr - ₹7.5 L/yr 41% less
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South Indian Bank Banking Associate Salary 1 - 5 years exp. (3 salaries)	₹1 L/yr - ₹7.2 L/yr 39% less
The Saraswat Co-operative Bank Banking Associate Salary 3 - 5 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 48% less
Karnataka Bank Banking Associate Salary 3 - 11 years exp. (3 salaries)	₹5.5 L/yr - ₹6 L/yr 27% less
ANZ Banking Group Banking Associate Salary 1 - 4 years exp. (3 salaries)	₹4.8 L/yr - ₹5.1 L/yr 36% less

Banking Associate salary at Tamilnad Mercantile Bank ranges between ₹6.8 Lakhs to ₹8.6 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 2 latest salaries received from various employees of Tamilnad Mercantile Bank.

Similar Designation salaries in Tamilnad Mercantile Bank

Senior Associate Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.9 L/yr

Salary related reviews for Tamilnad Mercantile Bank

Infrastructure Engineer in Chennai

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

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

Salary - Bad

+5 more

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.

Job security - Good

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.

Salary - Bad

+5 more

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

Salary - Excellent

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...

Skill development - Bad

+5 more

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

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.

Skill development - Poor

+3 more

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

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.

Skill development - Poor

+3 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Tamilnad Mercantile Bank Banking Associate Salary FAQs

How the salary growth look like for a Banking Associate at Tamilnad Mercantile Bank in India?

The salary growth for a Banking Associate at Tamilnad Mercantile Bank depends on factors such as experience, performance, and promotions. On average, a Banking Associate can expect the following growth trajectory at Tamilnad Mercantile Bank:

Experience	Average Salary Range
5 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
7 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Tamilnad Mercantile Bank Banking Associate Salaries

Tamilnad Mercantile Bank Banking Associate salary in India ranges between ₹6.8 Lakhs to ₹8.6 Lakhs. This is an estimate based on latest salaries received from employees of Tamilnad Mercantile Bank.