Tamilnad Mercantile Bank Manager M1 Salaries by 5 Employees (Updated 2025)

10 - 11 years exp.

₹10 Lakhs - ₹16.1 Lakhs

Low Confidence

Salary of majority employees

8% more than the average Manager M1 Salary in Banking Companies for 10 - 11 years of experience

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Last Updated: 29 Dec 2024

Companies similar to Tamilnad Mercantile Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
Karur Vysya Bank Manager M1 Salary 6 - 12 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr 42% less
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (44 salaries)	₹5 L/yr - ₹9.5 L/yr 42% less
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RBL Bank Manager M1 Salary 4 - 17 years exp. (19 salaries)	₹5.7 L/yr - ₹11.9 L/yr 39% less
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (10 salaries)	₹7.2 L/yr - ₹9.5 L/yr 34% less
Yes Bank Manager M1 Salary 1 - 13 years exp. (35 salaries)	₹5.5 L/yr - ₹10.1 L/yr 40% less
CSB Bank Manager M1 Salary 7 - 11 years exp. (8 salaries)	₹4.1 L/yr - ₹6.6 L/yr 56% less
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 27% less
Suryoday Small Finance Bank Manager M1 Salary 10 - 13 years exp. (5 salaries)	₹8 L/yr - ₹11.3 L/yr 35% less
Fino Payments Bank Manager M1 Salary 12 - 20 years exp. (5 salaries)	₹6.4 L/yr - ₹8.6 L/yr 42% less
ESAF Small Finance Bank Manager M1 Salary 9 - 11 years exp. (4 salaries)	₹7.2 L/yr - ₹8.2 L/yr 39% less
TJSB Sahakari Bank Manager M1 Salary 3 - 6 years exp. (4 salaries)	₹5.7 L/yr - ₹11 L/yr 31% less
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Manager M1 salary at Tamilnad Mercantile Bank ranges between ₹10 Lakhs to ₹16.1 Lakhs per year for employees with experience between 10 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Manager M1 salaries

Last Updated: 29 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹10 L/yr - ₹16.1 L/yr
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11 years (3 salaries)	₹10 L/yr - ₹15 L/yr

Similar Designation salaries in Tamilnad Mercantile Bank

Area Manager Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Branch Manager Salary

(14 salaries)

₹11.5 L/yr - ₹17.52 L/yr

Operations Manager Salary

(3 salaries)

₹12 L/yr - ₹16 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Operations Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Assistant Vice President Salary

(AmbitionBox Estimate)

₹21.2 L/yr - ₹27 L/yr

Salary related reviews for Tamilnad Mercantile Bank

3.0

Rated by 1 employees for salary & benefits

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

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

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

Senior Manager in Madurai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Aug 2023

5.0

for Salary and Benefits

Likes

Good package you will get.

Salary - Excellent

+2 more

Dislikes

No proper working culture. Always they believe leaving office late and coming during holidays to office is obedient to higher officials, they don't care you give business or not

Skill development - Bad

+3 more

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Tamilnad Mercantile Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at Tamilnad Mercantile Bank?

Manager M1 salary at Tamilnad Mercantile Bank in India ranges between ₹10.0 Lakhs to ₹16.1 Lakhs for experience between 10 years to 11 years. According to our estimates it is 8% more than the average Manager M1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Tamilnad Mercantile Bank India.

How does the salary of a Manager M1 at Tamilnad Mercantile Bank India compare with the average salary range for this job?

The average salary of a Manager M1 at Tamilnad Mercantile Bank is 8% more than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

What is the salary of a Manager M1 in companies similar to Tamilnad Mercantile Bank in India?

Standard Chartered Manager M1 Salary - ₹6.9 Lakhs to ₹10.0 Lakhs per year
TJSB Sahakari Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.0 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
Suryoday Small Finance Bank Manager M1 Salary - ₹8.0 Lakhs to ₹11.3 Lakhs per year
RBL Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.9 Lakhs per year

What is the estimated take home salary of a Manager M1 at Tamilnad Mercantile Bank in India?

The estimated take-home salary of a Manager M1 at Tamilnad Mercantile Bank ranges between ₹88,745 per month to ₹91,075 per month in India. The take-home salary calculation is based on the average Tamilnad Mercantile Bank Manager M1 salary in India which ranges between ₹10.0 Lakhs to ₹16.1 Lakhs per year for employees with experience between 10 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Tamilnad Mercantile Bank?

According to AmbitionBox, 75% of the Tamilnad Mercantile Bank Manager M1s reported a notice period of 3 Months, 13% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Tamilnad Mercantile Bank Manager M1 Salaries

Tamilnad Mercantile Bank Manager M1 salary in India ranges between ₹10 Lakhs to ₹16.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.