Tamilnad Mercantile Bank Banking Executive Salaries by 4 Employees

1 - 8 years exp.

₹1.3 Lakh - ₹8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

78% more than the average Banking Executive Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banking Executive Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.5 L/yr
Customer Success, Service & Operations Banking Executive Salary 1 year exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.5 L/yr
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Finance & Accounting Banking Executive Salary 8 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr

Last Updated: 13 Nov 2024

Companies similar to Tamilnad Mercantile Bank for Banking Executive

Company name	Avg Annual Salary	Open Jobs
CSB Bank Banking Executive Salary 0 - 8 years exp. (8 salaries)	₹1.8 L/yr - ₹3.2 L/yr 41% less
North East Small Finance Bank Banking Executive Salary 2 - 4 years exp. (8 salaries)	₹2 L/yr - ₹2.6 L/yr 56% less
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Paytm Payments Bank Banking Executive Salary 1 - 4 years exp. (8 salaries)	₹3 L/yr - ₹4 L/yr 37% less
Suryoday Small Finance Bank Banking Executive Salary 0 - 3 years exp. (7 salaries)	₹1.8 L/yr - ₹2.7 L/yr 58% less
City Union Bank Banking Executive Salary 0 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹6.2 L/yr 21% less
The Saraswat Co-operative Bank Banking Executive Salary 0 - 7 years exp. (6 salaries)	₹3.3 L/yr - ₹4.5 L/yr 26% less
DBS Bank Banking Executive Salary 0 - 5 years exp. (6 salaries)	₹2.2 L/yr - ₹3.8 L/yr 35% less
Fino Payments Bank Banking Executive Salary 2 - 6 years exp. (5 salaries)	₹1.4 L/yr - ₹2.5 L/yr 59% less
Deutsche Bank Banking Executive Salary 1 - 10 years exp. (5 salaries)	₹1.2 L/yr - ₹6 L/yr 33% less
Karur Vysya Bank Banking Executive Salary 1 - 4 years exp. (5 salaries)	₹2.7 L/yr - ₹3.2 L/yr 47% less
The Cosmos Co-operative Bank Banking Executive Salary 4 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹4.7 L/yr 27% less
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Standard Chartered Banking Executive Salary 4 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹5.4 L/yr 8% less
South Indian Bank Banking Executive Salary 4 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹5 L/yr 12% less
Punjab & Sind Bank Banking Executive Salary 7 - 31 years exp. (3 salaries)	₹14 L/yr - ₹24 L/yr 267% more
ANZ Banking Group Banking Executive Salary 10 - 12 years exp. (3 salaries)	₹5 L/yr - ₹10 L/yr 31% more

Banking Executive salary at Tamilnad Mercantile Bank ranges between ₹1.3 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Banking Executive salaries

Last Updated: 13 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.5 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Tamilnad Mercantile Bank

Sales Executive Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 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 Executive Salary FAQs

What is the salary of Banking Executive at Tamilnad Mercantile Bank ?

The average salary of a Banking Executive at Tamilnad Mercantile Bank in India typically ranges from ₹1.3 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Banking Executive at Tamilnad Mercantile Bank earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Banking Executive 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 4 Tamilnad Mercantile Bank employees in India.

What is the estimated take home salary of a Banking Executive at Tamilnad Mercantile Bank in India?

The estimated take-home salary of a Banking Executive at Tamilnad Mercantile Bank in India typically ranges from ₹38,206 to ₹39,398 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 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 Banking Executive in India?

Punjab & Sind Bank	₹14.0 Lakhs to ₹24.0 Lakhs per year
ANZ Banking Group	₹5.0 Lakhs to ₹10.0 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 Banking Executive in companies similar to Tamilnad Mercantile Bank in India?

The salary of a Banking Executive at companies similar to Tamilnad Mercantile Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Standard Chartered	₹2.1 Lakhs to ₹5.4 Lakhs per year
South Indian Bank	₹3.9 Lakhs to ₹5.0 Lakhs per year
City Union Bank	₹2.5 Lakhs to ₹6.2 Lakhs per year
The Saraswat Co-operative Bank	₹3.3 Lakhs to ₹4.5 Lakhs per year
The Cosmos Co-operative Bank	₹2.8 Lakhs to ₹4.7 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 Banking Executive at Tamilnad Mercantile Bank in India?

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

Experience	Average Salary Range
1 year	₹1.2 Lakhs to ₹1.5 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
7 years	₹6.8 Lakhs to ₹8.6 Lakhs per year
8 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Tamilnad Mercantile Bank Banking Executive Salaries

Tamilnad Mercantile Bank Banking Executive salary in India ranges between ₹1.3 Lakh to ₹8 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.