The Saraswat Co-operative Bank Mumbai Chief Manager Salaries by 10+ Employees (Updated 2025)

12 - 21 years exp.

₹21 Lakhs - ₹28 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

10% more than the average Chief Manager Salary in Banking Companies for 12 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 12 - 21 years exp. (4 salaries)	₹21 L/yr - ₹25 L/yr
Engineering - Hardware & Networks Chief Manager Salary 13 - 17 years exp. (4 salaries)	₹25 L/yr - ₹28 L/yr
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Human Resources Chief Manager Salary 20 years exp. (AmbitionBox Estimate)	₹23 L/yr - ₹27.2 L/yr

Last Updated: 16 Feb 2025

Companies similar to The Saraswat Co-operative Bank for Chief Manager in Mumbai

The Saraswat Co-operative Bank Chief Manager Salary

12 - 21 years exp. (11 salaries)

₹21 L/yr - ₹28 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Manager Salary 5 - 23 years exp. (978 salaries)	₹13.7 L/yr - ₹39 L/yr 5% more
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (397 salaries)	₹7.5 L/yr - ₹30 L/yr 26% less
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IDFC FIRST Bank Chief Manager Salary 5 - 20 years exp. (367 salaries)	₹11 L/yr - ₹36 L/yr 6% less
IndusInd Bank Chief Manager Salary 0 - 19 years exp. (321 salaries)	₹5 L/yr - ₹18 L/yr 53% less	1 job opening
Union Bank of India Chief Manager Salary 10 - 17 years exp. (66 salaries)	₹13 L/yr - ₹42 L/yr 29% more
Central Bank of India Chief Manager Salary 11 - 17 years exp. (14 salaries)	₹20 L/yr - ₹50 L/yr 27% more
Canara Bank Chief Manager Salary 10 - 18 years exp. (13 salaries)	₹12 L/yr - ₹27 L/yr 6% more
Utkarsh Small Finance Bank Chief Manager Salary 9 - 19 years exp. (11 salaries)	₹11 L/yr - ₹18 L/yr 39% less
UCO Bank Chief Manager Salary 10 - 13 years exp. (11 salaries)	₹20 L/yr - ₹32 L/yr 21% more
Yes Bank Chief Manager Salary 3 - 12 years exp. (6 salaries)	₹13 L/yr - ₹24.8 L/yr 13% less
Karur Vysya Bank Chief Manager Salary 13 - 16 years exp. (6 salaries)	₹20 L/yr - ₹29 L/yr 3% less
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South Indian Bank Chief Manager Salary 10 - 14 years exp. (5 salaries)	₹22 L/yr - ₹25 L/yr 1% more
Nkgsb CO-OP Bank Chief Manager Salary 20 - 23 years exp. (3 salaries)	₹18 L/yr - ₹22 L/yr 17% less
Ujjivan Small Finance Bank Chief Manager Salary 2 - 5 years exp. (3 salaries)	₹12.5 L/yr - ₹17.6 L/yr 42% less

Chief Manager salary at The Saraswat Co-operative Bank ranges between ₹21 Lakhs to ₹28 Lakhs per year for employees with experience between 12 years to 21 years. Salary estimates are based on 11 latest salaries received from various employees of The Saraswat Co-operative Bank.

Experience wise The Saraswat Co-operative Bank Chief Manager salaries in Mumbai

Last Updated: 16 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
13 years (AmbitionBox Estimate)	₹22.3 L/yr - ₹28.5 L/yr
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14 years (AmbitionBox Estimate)	₹22.2 L/yr - ₹28.3 L/yr
15+ years (5 salaries)	₹21 L/yr - ₹28 L/yr

Similar Designation salaries in The Saraswat Co-operative Bank

Deputy Manager Salary

(211 salaries)

₹3.8 L/yr - ₹10.45 L/yr

Branch Manager Salary

(23 salaries)

₹4.1 L/yr - ₹15 L/yr

Credit Manager Salary

(7 salaries)

₹7 L/yr - ₹11.5 L/yr

Operations Manager Salary

(3 salaries)

₹7 L/yr - ₹10.5 L/yr

Salary related reviews for The Saraswat Co-operative Bank

2.6

Rated by 2 employees for salary & benefits

Deputy Manager in Jalgaon

BFSI, Investments & Trading Department

4.0

• posted on 20 Apr 2022

3.0

for Salary and Benefits

Likes

Banks policy are goods, work environment is also good all teammates are like family, management never pressurized about work and targets, very helping and supporting management.

Skill development - Good

+5 more

Dislikes

Salary hike is low as compared to public sector bank.

Assistant Branch Manager in Aurangabad

BFSI, Investments & Trading Department

2.0

• posted on 29 Jun 2021

2.0

for Salary and Benefits

Likes

In this pandemic also we work full time and daily. There is no 50 #staff presenty etc, work culture is very bad, very politics, top mgt don't look at front office staff, HR work is to give salary to staff only, no employees welfare, grooming

Job security - Good

Dislikes

Bogus management, low salary pay comprehensive to work load, mgt expect sales ,cross selling, service and operational work from each staff which is impossible

Salary - Poor

+5 more

Manager in Mumbai

Full Time

Other Department

4.0

• posted on 26 Jul 2024

3.0

for Salary and Benefits

Likes

Work culture is really good, you get to learn many things as one person does everything. There is no proper segregation of work. Staff is responsible for sales, audit, branch operations, customer service, it issues etc. so it's multi tasking job.

Skill development - Good

+3 more

Dislikes

Salary and other monetary benefits of the bank are not good. Appraisal and yearly increment are always delayed. No communication from HR regarding the same. HR policies of the bank need to be improved. So that people will stay here for long.

Junior Officer in Nagpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 10 Jun 2024

3.0

for Salary and Benefits

Likes

Supportive staff and proper training is given by bank to it's employees.good bank for learning but not recommended to work till retirement.

Job security - Good

+1 more

Dislikes

Various targets i.e casa, insurance, fd, sip mutual fund, credit card etc and low salary as compared to sales pressure and targets. You need to do both operations and marketing at less salary.

Business Development Officer in Mumbai

Full Time

Marketing & Communication Department

1.0

• posted on 03 Jan 2024

1.0

for Salary and Benefits

Likes

Nothing to like about

Dislikes

...ce of working in saraswat bank. There is no proper management in any department. They provide worst salary but work pressure is high. Pathetic culture. No employee is happy working in saraswat bank.

Salary - Bad

+6 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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The Saraswat Co-operative Bank Chief Manager Salary FAQs

What is the salary of Chief Manager at The Saraswat Co-operative Bank in Mumbai?

The average salary of a Chief Manager at The Saraswat Co-operative Bank in Mumbai typically ranges from ₹21.0 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 12 years to 21 years).

The top 10% of Chief Manager in Mumbai at The Saraswat Co-operative Bank earn more than ₹26.8 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Chief Manager Salaries at The Saraswat Co-operative 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+ The Saraswat Co-operative Bank employees in India.

What is the estimated take home salary of a Chief Manager at The Saraswat Co-operative Bank in Mumbai?

The estimated take-home salary of a Chief Manager at The Saraswat Co-operative Bank in Mumbai typically ranges from ₹1,54,185 to ₹1,60,020 per month. This is based on the average salary range of ₹21.0 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 12 years to 21 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 The Saraswat Co-operative Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than The Saraswat Co-operative Bank for Chief Manager in India?

Union Bank of India	₹13.0 Lakhs to ₹42.0 Lakhs per year
Central Bank of India	₹20.0 Lakhs to ₹50.0 Lakhs per year
UCO Bank	₹20.0 Lakhs to ₹32.0 Lakhs per year
Canara Bank	₹12.0 Lakhs to ₹27.0 Lakhs per year
ICICI Bank	₹13.7 Lakhs to ₹39.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by The Saraswat Co-operative Bank, depending on the role and experience level.

What is the salary of a Chief Manager in companies similar to The Saraswat Co-operative Bank in Mumbai?

The salary of a Chief Manager at companies similar to The Saraswat Co-operative Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

South Indian Bank	₹22.0 Lakhs to ₹25.0 Lakhs per year
Karur Vysya Bank	₹20.0 Lakhs to ₹29.0 Lakhs per year
IDFC FIRST Bank	₹11.0 Lakhs to ₹36.0 Lakhs per year
Yes Bank	₹13.0 Lakhs to ₹24.8 Lakhs per year
Nkgsb CO-OP Bank	₹18.0 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 Chief Manager at The Saraswat Co-operative Bank in Mumbai?

The salary growth for a Chief Manager at The Saraswat Co-operative Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Chief Manager in Mumbai can expect the following growth trajectory at The Saraswat Co-operative Bank:

Experience	Average Salary Range
12 years	₹22.5 Lakhs to ₹28.8 Lakhs per year
13 years	₹22.3 Lakhs to ₹28.5 Lakhs per year
14 years	₹22.2 Lakhs to ₹28.3 Lakhs per year
15 years	₹21.0 Lakhs to ₹28.0 Lakhs per year

and so on.

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The Saraswat Co-operative Bank Chief Manager Salaries in Mumbai

The Saraswat Co-operative Bank Chief Manager salary in Mumbai ranges between ₹21 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 The Saraswat Co-operative Bank latest salaries received from various employees of The Saraswat Co-operative Bank.