Tamilnad Mercantile Bank Chennai Manager Salaries by 10+ Employees (Updated 2025)

9 - 15 years exp.

₹10 Lakhs - ₹20 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

12% less than the average Manager Salary in Banking Companies for 9 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Manager Salary 10 - 12 years exp. (6 salaries)	₹10 L/yr - ₹18 L/yr
BFSI, Investments & Trading Manager Salary 9 years exp. (3 salaries)	₹14.8 L/yr - ₹17 L/yr
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Finance & Accounting Manager Salary 13 - 15 years exp. (3 salaries)	₹11 L/yr - ₹20 L/yr
IT & Information Security Manager Salary 11 - 13 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹15 L/yr

Last Updated: 14 Mar 2025

Companies similar to Tamilnad Mercantile Bank for Manager in Chennai

Tamilnad Mercantile Bank Manager Salary

9 - 15 years exp. (14 salaries)

₹10 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Manager Salary 3 - 20 years exp. (902 salaries)	₹7 L/yr - ₹24.5 L/yr 8% more
Karur Vysya Bank Manager Salary 6 - 14 years exp. (88 salaries)	₹6.6 L/yr - ₹22 L/yr At par
Login to view exact salary
CSB Bank Manager Salary 2 - 14 years exp. (33 salaries)	₹3.9 L/yr - ₹12 L/yr 46% less
City Union Bank Manager Salary 8 - 19 years exp. (29 salaries)	₹8.7 L/yr - ₹21.5 L/yr 2% more
South Indian Bank Manager Salary 8 - 14 years exp. (13 salaries)	₹9.5 L/yr - ₹21 L/yr 17% more
DBS Bank Manager Salary 8 - 13 years exp. (12 salaries)	₹6 L/yr - ₹14.5 L/yr 42% less
Suryoday Small Finance Bank Manager Salary 8 - 13 years exp. (5 salaries)	₹6 L/yr - ₹8.9 L/yr 40% less
Karnataka Bank Manager Salary 2 - 7 years exp. (4 salaries)	₹11 L/yr - ₹14.7 L/yr 10% less
ESAF Small Finance Bank Manager Salary 9 - 10 years exp. (3 salaries)	₹6.6 L/yr - ₹7.8 L/yr 49% less

Manager salary at Tamilnad Mercantile Bank ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 9 years to 15 years. Salary estimates are based on 14 latest salaries received from various employees of Tamilnad Mercantile Bank.

Latest annual salaries shared by Tamilnad Mercantile Bank Manager in Chennai

3w ago

₹18 Lakhs

12 years exp.

3mo ago

₹15 Lakhs

13 years exp.

5mo ago

₹14.5 Lakhs

10 years exp.

6mo ago

₹17 Lakhs

9 years exp.

8mo ago

₹10 Lakhs

10 years exp.

8mo ago

9 years exp.

9mo ago

12 years exp.

1y ago

11 years exp.

1y ago

9 years exp.

Experience wise Tamilnad Mercantile Bank Manager salaries in Chennai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
9 years (3 salaries)	₹5.8 L/yr - ₹17 L/yr
10 years (3 salaries)	₹10 L/yr - ₹26.3 L/yr
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11 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹16.9 L/yr
12 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
13 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr
14 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
15+ years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.3 L/yr

View all

Similar Designation salaries in Tamilnad Mercantile Bank

Credit Manager Salary

(3 salaries)

₹10 L/yr - ₹18 L/yr

Salary related reviews for Tamilnad Mercantile Bank

2.0

Rated by 2 employees for salary & benefits

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

Deputy General Manager in Tuticorin, Tamil Nadu

Risk Management & Compliance Department

5.0

• posted on 27 May 2022

5.0

for Salary and Benefits

Likes

Compensation is comparatively better when compared to the peer bankers. Commitment to the bank is there among the staff of the bank which helps to get more work done from them for the development of the bank.

Salary - Excellent

+6 more

Dislikes

I have nothing to dislike.

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

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 Manager Salary FAQs

What is the salary of Manager at Tamilnad Mercantile Bank in Chennai?

The average salary of a Manager at Tamilnad Mercantile Bank in Chennai typically ranges from ₹10.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 9 years to 15 years).

The top 10% of Manager in Chennai at Tamilnad Mercantile Bank earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Manager 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 10+ Tamilnad Mercantile Bank employees in India.

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

The estimated take-home salary of a Manager at Tamilnad Mercantile Bank in Chennai typically ranges from ₹1,02,286 to ₹1,05,082 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 9 years to 15 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 10+ 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 Manager in India?

South Indian Bank	₹9.5 Lakhs to ₹21.0 Lakhs per year
Standard Chartered	₹7.0 Lakhs to ₹24.5 Lakhs per year
City Union Bank	₹8.7 Lakhs to ₹21.5 Lakhs per year
Karur Vysya Bank	₹6.6 Lakhs to ₹22.0 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 Manager in companies similar to Tamilnad Mercantile Bank in Chennai?

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

Karnataka Bank	₹11.0 Lakhs to ₹14.7 Lakhs per year
Suryoday Small Finance Bank	₹6.0 Lakhs to ₹8.9 Lakhs per year
DBS Bank	₹6.0 Lakhs to ₹14.5 Lakhs per year
CSB Bank	₹3.9 Lakhs to ₹12.0 Lakhs per year
ESAF Small Finance Bank	₹6.6 Lakhs to ₹7.8 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 Manager at Tamilnad Mercantile Bank in Chennai?

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

Experience	Average Salary Range
9 years	₹5.8 Lakhs to ₹17.0 Lakhs per year
10 years	₹10.0 Lakhs to ₹26.3 Lakhs per year
11 years	₹13.2 Lakhs to ₹16.9 Lakhs per year
12 years	₹13.3 Lakhs to ₹17.0 Lakhs per year

and so on.

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Tamilnad Mercantile Bank Manager Salaries in Chennai

Tamilnad Mercantile Bank Manager salary in Chennai ranges between ₹10 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.

Tamilnad Mercantile Bank Manager salaries in Chennai (Updated 2025)

Companies similar to Tamilnad Mercantile Bank for Manager in Chennai

Latest annual salaries shared by Tamilnad Mercantile Bank Manager in Chennai

Experience wise Tamilnad Mercantile Bank Manager salaries in Chennai

Similar Designation salaries in Tamilnad Mercantile Bank

Salary related reviews for Tamilnad Mercantile Bank

Credit Manager in Chennai

Deputy General Manager in Tuticorin, Tamil Nadu

Infrastructure Engineer in Chennai

Clerk in Bangalore / Bengaluru

Branch Manager in Chennai

Tamilnad Mercantile Bank Manager Salary FAQs

Tell us how to improve this page.