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Tamilnad Mercantile Bank Salaries in Chennai (Updated 2025)

based on 248 latest salaries
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BFSI, Investments & Trading Customer Success, Service & Operations Finance & Accounting IT & Information Security + 4 more
Designation Avg Annual Salary Open Jobs
1 - 7 years exp. · Chennai (19 salaries)
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₹2.5 L/yr - ₹7 L/yr

0 - 11 years exp. · Chennai (14 salaries)
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₹3.1 L/yr - ₹10 L/yr

9 - 16 years exp. · Chennai (12 salaries)
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₹7.1 L/yr - ₹15 L/yr

1 - 7 years exp. · Chennai (8 salaries)
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₹4 L/yr - ₹6.3 L/yr

Starting your career? Discover Tamilnad Mercantile Bank fresher salaries in India
1 - 5 years exp. · Chennai (5 salaries)
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₹2.4 L/yr - ₹7 L/yr

4 - 7 years exp. · Chennai (4 salaries)
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₹3.2 L/yr - ₹4.6 L/yr

0 - 1 year exp. · Chennai (4 salaries)
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₹3.8 L/yr - ₹6.2 L/yr

0 - 2 years exp. · Chennai (4 salaries)
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₹4 L/yr - ₹4.8 L/yr

5 - 12 years exp. · Chennai (3 salaries)
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₹10 L/yr - ₹18 L/yr

7 - 11 years exp. · Chennai (3 salaries)
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₹8.5 L/yr - ₹13 L/yr

0 - 9 years exp. · Chennai (3 salaries)
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₹17 L/yr - ₹23.8 L/yr

11 - 21 years exp. · Chennai (3 salaries)
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₹20 L/yr - ₹28.5 L/yr

7 - 10 years exp. · Chennai (3 salaries)
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₹14 L/yr - ₹25 L/yr

9 - 10 years exp. · Chennai (3 salaries)
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₹7.5 L/yr - ₹10.5 L/yr

3 - 9 years exp. · Chennai (AmbitionBox Estimate)
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₹5.2 L/yr - ₹6.7 L/yr

31 years exp. · Chennai (AmbitionBox Estimate)
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₹22.1 L/yr - ₹28.3 L/yr

6 - 8 years exp. · Chennai (AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.6 L/yr

0 - 1 year exp. · Chennai (AmbitionBox Estimate)
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₹1.2 L/yr - ₹1.3 L/yr

2 - 3 years exp. · Chennai (AmbitionBox Estimate)
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₹11.4 L/yr - ₹14.6 L/yr

8 - 9 years exp. · Chennai (AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.4 L/yr

Last Updated: 2 Apr, 2025

Salary related reviews for Tamilnad Mercantile Bank

3.1

Rated by 54 employees for salary & benefits

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

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

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  • 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...

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  • Skill development - Bad
  • +5 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

 · 

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.

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  • 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
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Tamilnad Mercantile Bank Salary FAQs

How much does Tamilnad Mercantile Bank pay to its employees?
The average annual salary at Tamilnad Mercantile Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Tamilnad Mercantile Bank, are as follows:

Clerk ₹2.5 Lakhs to ₹7 Lakhs per year
Bank Clerk ₹3.1 Lakhs to ₹10 Lakhs per year
Branch Head ₹7.1 Lakhs to ₹15 Lakhs per year
Clerical Staff ₹4 Lakhs to ₹6.3 Lakhs per year

The highest-paying role, Senior Manager, earns between ₹9.6 Lakhs to ₹19 Lakhs per year. The top 10% of employees earn more than ₹15 Lakhs per year, and the top 1% earn over ₹35 Lakhs per year. 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 salary estimates are based on data from 248 salaries submitted by Tamilnad Mercantile Bank employees. Tamilnad Mercantile Bank is rated 3.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Tamilnad Mercantile Bank in Chennai?
The salary of a fresher at Tamilnad Mercantile Bank in Chennai typically ranges from ₹3 Lakhs to ₹6.2 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Probationary Clerk Salary ₹4 Lakhs to ₹6.2 Lakhs per year
Fresher as a Bank Clerk Salary ₹3 Lakhs to ₹4 Lakhs per year
Fresher as a Senior Customer Service Executive Salary ₹7.5 Lakhs to ₹9.6 Lakhs per year
Fresher as a Cashier Salary ₹6 Lakhs to ₹6.2 Lakhs per year

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Average annual salary in Tamilnad Mercantile Bank , Chennai is INRunlock blur . Salary estimates are based on 200+ Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.

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