Tamilnad Mercantile Bank Mumbai Clerk Salaries by 4 Employees

1 - 10 years exp.

₹4 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

90% more than the average Clerk Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Clerk Salary 2 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹7.6 L/yr
Login to view exact salary
Finance & Accounting Clerk Salary 10 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹8.5 L/yr

Last Updated: 21 Oct 2024

Companies similar to Tamilnad Mercantile Bank for Clerk in Mumbai

Tamilnad Mercantile Bank Clerk Salary

1 - 10 years exp. (4 salaries)

₹4 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
Nkgsb CO-OP Bank Clerk Salary 0 - 10 years exp. (20 salaries)	₹1.5 L/yr - ₹6 L/yr 41% less
SVC Co-Operative Bank Clerk Salary 1 - 8 years exp. (20 salaries)	₹1.1 L/yr - ₹4 L/yr 59% less
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The Cosmos Co-operative Bank Clerk Salary 2 - 10 years exp. (15 salaries)	₹2.2 L/yr - ₹5.3 L/yr 47% less
TJSB Sahakari Bank Clerk Salary 1 - 4 years exp. (10 salaries)	₹1.1 L/yr - ₹2.1 L/yr 74% less
Karnataka Bank Clerk Salary 0 - 7 years exp. (7 salaries)	₹3.5 L/yr - ₹6 L/yr 17% less
Karur Vysya Bank Clerk Salary 3 - 10 years exp. (4 salaries)	₹4 L/yr - ₹8 L/yr 6% less

Clerk salary at Tamilnad Mercantile Bank ranges between ₹4 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Clerk salaries in Mumbai

Last Updated: 21 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
2 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
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3 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
5 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
9 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
10 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

View all

From

Clerk

₹

Lakhs/yr

1 - 10 years exp.

Manager

₹

Lakhs/yr

9 - 15 years exp.

Clerk 1 - 10 years exp.

Assistant Manager 6 - 13 years exp.

67% hike

Manager 9 - 15 years exp.

32% hike

From

View 1 more level

Clerk

1 - 10 years exp.

Branch Manager

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

3.3

Rated by 4 employees for salary & benefits

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

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.

Salary - Bad

+6 more

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

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

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Salary Discussions, Hike & Promotions

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 Clerk Salary FAQs

What is the salary of Clerk at Tamilnad Mercantile Bank in Mumbai?

The average salary of a Clerk at Tamilnad Mercantile Bank in Mumbai typically ranges from ₹4.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Clerk in Mumbai at Tamilnad Mercantile Bank earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Clerk 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 Clerk at Tamilnad Mercantile Bank in Mumbai?

The estimated take-home salary of a Clerk at Tamilnad Mercantile Bank in Mumbai typically ranges from ₹50,498 to ₹51,689 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 10 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.

What is the salary of a Clerk in companies similar to Tamilnad Mercantile Bank in Mumbai?

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

Karur Vysya Bank	₹4.0 Lakhs to ₹8.0 Lakhs per year
Karnataka Bank	₹3.5 Lakhs to ₹6.0 Lakhs per year
Nkgsb CO-OP Bank	₹1.5 Lakhs to ₹6.0 Lakhs per year
The Cosmos Co-operative Bank	₹2.2 Lakhs to ₹5.3 Lakhs per year
SVC Co-Operative Bank	₹1.1 Lakhs to ₹4.0 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 Clerk at Tamilnad Mercantile Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹4.7 Lakhs to ₹6.0 Lakhs per year
2 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
3 years	₹5.3 Lakhs to ₹6.7 Lakhs per year
4 years	₹5.5 Lakhs to ₹7.1 Lakhs per year

and so on.

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Tamilnad Mercantile Bank Clerk Salaries in Mumbai

Tamilnad Mercantile Bank Clerk salary in Mumbai ranges between ₹4 Lakhs to ₹10 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.