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

12 - 29 years exp.

₹9.7 Lakhs - ₹19 Lakhs

Salary of majority employees

21% less than the average Senior Manager Salary in Banking Companies for 12 - 29 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 15 - 21 years exp. (5 salaries)	₹8.2 L/yr - ₹18.4 L/yr
Login to view exact salary
Finance & Accounting Senior Manager Salary 12 - 18 years exp. (4 salaries)	₹16 L/yr - ₹19.2 L/yr

Last Updated: 6 Feb 2025

Companies similar to Tamilnad Mercantile Bank for Senior Manager

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Senior Manager Salary 6 - 22 years exp. (1.9k salaries)	₹13.4 L/yr - ₹46.1 L/yr 64% more
CSB Bank Senior Manager Salary 5 - 14 years exp. (171 salaries)	₹5 L/yr - ₹16 L/yr 47% less
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Karur Vysya Bank Senior Manager Salary 9 - 23 years exp. (126 salaries)	₹10.5 L/yr - ₹26 L/yr 1% less
DBS Bank Senior Manager Salary 9 - 18 years exp. (124 salaries)	₹7 L/yr - ₹27 L/yr 3% less
South Indian Bank Senior Manager Salary 9 - 16 years exp. (90 salaries)	₹10 L/yr - ₹24.5 L/yr 13% more
Fino Payments Bank Senior Manager Salary 8 - 17 years exp. (85 salaries)	₹6.4 L/yr - ₹24.8 L/yr 14% less
The Saraswat Co-operative Bank Senior Manager Salary 9 - 18 years exp. (68 salaries)	₹10.5 L/yr - ₹22 L/yr 6% less
Suryoday Small Finance Bank Senior Manager Salary 7 - 18 years exp. (63 salaries)	₹4.9 L/yr - ₹17 L/yr 32% less
Deutsche Bank Senior Manager Salary 9 - 17 years exp. (59 salaries)	₹8 L/yr - ₹23.3 L/yr 5% less
State Street Bank Senior Manager Salary 12 - 19 years exp. (57 salaries)	₹13.3 L/yr - ₹40 L/yr 60% more
Paytm Payments Bank Senior Manager Salary 7 - 17 years exp. (48 salaries)	₹13.8 L/yr - ₹40 L/yr 38% more
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ESAF Small Finance Bank Senior Manager Salary 10 - 20 years exp. (45 salaries)	₹7.2 L/yr - ₹16 L/yr 25% less
Punjab & Sind Bank Senior Manager Salary 9 - 13 years exp. (32 salaries)	₹12 L/yr - ₹22 L/yr 6% more
SVC Co-Operative Bank Senior Manager Salary 9 - 18 years exp. (32 salaries)	₹12 L/yr - ₹22 L/yr 1% less
ANZ Banking Group Senior Manager Salary 8 - 21 years exp. (23 salaries)	₹23.5 L/yr - ₹66.7 L/yr 117% more
North East Small Finance Bank Senior Manager Salary 7 - 20 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 55% less
City Union Bank Senior Manager Salary 3 - 19 years exp. (17 salaries)	₹15 L/yr - ₹23 L/yr 4% more
Karnataka Bank Senior Manager Salary 7 - 17 years exp. (9 salaries)	₹12 L/yr - ₹22 L/yr 6% more
Nkgsb CO-OP Bank Senior Manager Salary 14 - 33 years exp. (7 salaries)	₹14.8 L/yr - ₹16 L/yr 11% less
Sberbank Branch in India Senior Manager Salary 5 - 12 years exp. (6 salaries)	₹13.2 L/yr - ₹21 L/yr 4% less

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Senior Manager salary at Tamilnad Mercantile Bank ranges between ₹9.7 Lakhs to ₹19 Lakhs per year for employees with experience between 12 years to 29 years. Salary estimates are based on 13 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Senior Manager salaries

Last Updated: 6 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹16 L/yr - ₹31 L/yr
13 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹31 L/yr
Login to view exact salary
14 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.8 L/yr
15+ years (11 salaries)	₹7.8 L/yr - ₹19 L/yr

Similar Designation salaries in Tamilnad Mercantile Bank

Branch Manager Salary

(14 salaries)

₹11.5 L/yr - ₹17.52 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Salary related reviews for Tamilnad Mercantile Bank

4.7

Rated by 3 employees for salary & benefits

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

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

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Tamilnad Mercantile Bank Senior Manager Salary FAQs

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

The average salary of a Senior Manager at Tamilnad Mercantile Bank in India typically ranges from ₹9.7 Lakhs to ₹19.0 Lakhs per year, depending on experience (from 12 years to 29 years).

The top 10% of Senior Manager at Tamilnad Mercantile Bank earn more than ₹19.0 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Senior 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 Senior Manager at Tamilnad Mercantile Bank in India?

The estimated take-home salary of a Senior Manager at Tamilnad Mercantile Bank in India typically ranges from ₹1,16,662 to ₹1,19,922 per month. This is based on the average salary range of ₹9.7 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from 12 years to 29 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 Senior Manager in India?

ANZ Banking Group	₹23.5 Lakhs to ₹66.7 Lakhs per year
National Australia Bank	₹25.0 Lakhs to ₹39.5 Lakhs per year
Standard Chartered	₹13.4 Lakhs to ₹46.1 Lakhs per year
State Street Bank	₹13.3 Lakhs to ₹40.0 Lakhs per year
Paytm Payments Bank	₹13.8 Lakhs to ₹40.0 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 Senior Manager in companies similar to Tamilnad Mercantile Bank in India?

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

South Indian Bank	₹10.0 Lakhs to ₹24.5 Lakhs per year
Karnataka Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
Punjab & Sind Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
City Union Bank	₹15.0 Lakhs to ₹23.0 Lakhs per year
SVC Co-Operative Bank	₹12.0 Lakhs to ₹22.0 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 Senior Manager at Tamilnad Mercantile Bank in India?

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

Experience	Average Salary Range
12 years	₹16.0 Lakhs to ₹31.0 Lakhs per year
13 years	₹13.2 Lakhs to ₹31.0 Lakhs per year
14 years	₹15.5 Lakhs to ₹19.8 Lakhs per year
15 years	₹7.8 Lakhs to ₹19.0 Lakhs per year

and so on.

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Tamilnad Mercantile Bank Senior Manager Salaries

Tamilnad Mercantile Bank Senior Manager salary in India ranges between ₹9.7 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.