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Tamilnad Mercantile Bank

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2.9

based on 203 Reviews

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Mumbai
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Tamilnad Mercantile Bank Salaries in Mumbai (Updated 2025)

based on 19 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading
Designation Avg Annual Salary Open Jobs

Clerk

1 - 10 years exp. · Mumbai (4 salaries)
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₹4 L/yr - ₹10 L/yr

Credit Clerk

13 - 14 years exp. · Mumbai (AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr

Facility Attendant

0 - 10 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Gold Loan Officer

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr

Starting your career? Discover Tamilnad Mercantile Bank fresher salaries in India

Assistant Manager Operations

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Credit Officer

14 years exp. · Mumbai (AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

Branch Head and Manager

13 years exp. · Mumbai (AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr

Clerk and Typist

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹0.3 L/yr - ₹0.4 L/yr

Assistant Manager

6 - 11 years exp. · Mumbai (3 salaries)
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₹6.3 L/yr - ₹11.1 L/yr

Banker

1 - 2 years exp. · Mumbai (AmbitionBox Estimate)
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₹4 L/yr - ₹7.1 L/yr

Clerical

3 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

Last Updated: 23 Mar, 2025

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Salary related reviews for Tamilnad Mercantile Bank

3.7

Rated by 7 employees for salary & benefits

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

read more
  • 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

read more
  • 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.

read more
  • 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

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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

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.

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  • 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.

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  • Skill development - Poor
    • +3 more
see more salary related reviews

Tamilnad Mercantile Bank interview questions by designations

Clerk (3)Assistant Manager (2)Branch Manager (1)Assistant General Manager (1)
View all 12 interview experiences

Know more about Tamilnad Mercantile Bank Mumbai

More about working at Tamilnad Mercantile Bank

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 ₹4 Lakhs to ₹10 Lakhs per year
Credit Clerk ₹7.2 Lakhs to ₹9.2 Lakhs per year
Facility Attendant ₹1.8 Lakhs to ₹2.3 Lakhs per year
Gold Loan Officer ₹2 Lakhs to ₹2.5 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 19 salaries submitted by Tamilnad Mercantile Bank employees. Tamilnad Mercantile Bank is rated 3.7 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 Mumbai?
The salary of a fresher at Tamilnad Mercantile Bank in Mumbai 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 , Mumbai is INRunlock blur . Salary estimates are based on 10+ Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.

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