The Saraswat Co-operative Bank Credit Manager Salaries by 20+ Employees (Updated 2025)

0 - 12 years exp.

₹6.5 Lakhs - ₹11.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

9% more than the average Credit Manager Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 1 - 10 years exp. (12 salaries)	₹6.5 L/yr - ₹11.7 L/yr
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BFSI, Investments & Trading Credit Manager Salary 0 - 11 years exp. (9 salaries)	₹6.9 L/yr - ₹9 L/yr

Last Updated: 30 Mar 2025

Companies similar to The Saraswat Co-operative Bank for Credit Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Manager Salary 0 - 12 years exp. (3.3k salaries)	₹4.3 L/yr - ₹17.5 L/yr 18% more
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.5 L/yr At par	13 job openings
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Kotak Mahindra Bank Credit Manager Salary 0 - 10 years exp. (1k salaries)	₹3.7 L/yr - ₹15.4 L/yr 8% more
Axis Bank Credit Manager Salary 0 - 12 years exp. (827 salaries)	₹4 L/yr - ₹14.5 L/yr 2% more
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (827 salaries)	₹3 L/yr - ₹13.5 L/yr 8% less
Yes Bank Credit Manager Salary 1 - 10 years exp. (402 salaries)	₹4.2 L/yr - ₹16 L/yr 5% more
Bandhan Bank Credit Manager Salary 0 - 14 years exp. (307 salaries)	₹2.6 L/yr - ₹10.8 L/yr 26% less
Utkarsh Small Finance Bank Credit Manager Salary 1 - 10 years exp. (280 salaries)	₹2 L/yr - ₹10 L/yr 41% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (213 salaries)	₹3.4 L/yr - ₹13.1 L/yr 7% less	9 job openings
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (193 salaries)	₹1.7 L/yr - ₹10 L/yr 29% less

View all

Credit Manager salary at The Saraswat Co-operative Bank ranges between ₹6.5 Lakhs to ₹11.7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 25 latest salaries received from various employees of The Saraswat Co-operative Bank.

Latest annual salaries shared by The Saraswat Co-operative Bank Credit Manager

2d ago

₹9.3 Lakhs

9 years exp.

2mo ago

₹8.7 Lakhs

8 years exp.

2mo ago

₹9 Lakhs

8 years exp.

2mo ago

₹11.5 Lakhs

12 years exp.

3mo ago

₹6.9 Lakhs

6 years exp.

5mo ago

5 years exp.

6mo ago

4 years exp.

6mo ago

11 years exp.

10mo ago

11 years exp.

11mo ago

6 years exp.

Experience wise The Saraswat Co-operative Bank Credit Manager salaries

Last Updated: 30 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.1 L/yr
1 year (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr
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2 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
3 years (3 salaries)	₹6.5 L/yr - ₹9.5 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
5 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
6 years (4 salaries)	₹6.9 L/yr - ₹15.4 L/yr
7 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹9.9 L/yr
8 years (3 salaries)	₹8.5 L/yr - ₹9 L/yr
9 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.3 L/yr
11 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
12 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr

View all

From

Credit Manager

0 - 12 years exp.

Senior Manager Credit

9 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in The Saraswat Co-operative Bank

Credit Officer Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Branch Manager Salary

(65 salaries)

₹4.82 L/yr - ₹17.8 L/yr

Deputy Manager Salary

(368 salaries)

₹3.8 L/yr - ₹11 L/yr

Chief Manager Salary

(22 salaries)

₹14 L/yr - ₹28 L/yr

Credit Analyst Salary

(AmbitionBox Estimate)

₹7.9 L/yr - ₹10.1 L/yr

Sales Manager Salary

(3 salaries)

₹7.5 L/yr - ₹11.5 L/yr

Deputy Credit Manager Salary

(7 salaries)

₹6 L/yr - ₹7 L/yr

Cluster Credit Manager Salary

(4 salaries)

₹11.7 L/yr - ₹22.9 L/yr

Regional Credit Manager Salary

(AmbitionBox Estimate)

₹27.9 L/yr - ₹35.7 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Salary related reviews for The Saraswat Co-operative Bank

2.4

Rated by 3 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.

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

Business Development Officer in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 05 Dec 2023

1.0

for Salary and Benefits

Likes

Nothing special...

Dislikes

...ty Politics Unorganized and Toxic Work Culture Favouritism No work life balance Lower Pay Scale Unprofessional and Unethical Practices Non- Transparent HR Policies Required to work on holidays if the need be. Extreme pressure for marketing..

Salary - Bad

+6 more

see more salary related reviews

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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 Credit Manager Salary FAQs

What is the salary of Credit Manager at The Saraswat Co-operative Bank ?

The average salary of a Credit Manager at The Saraswat Co-operative Bank in India typically ranges from ₹6.5 Lakhs to ₹11.7 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Credit Manager at The Saraswat Co-operative Bank earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.7 Lakhs per year. Credit 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 20+ The Saraswat Co-operative Bank employees in India.

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

The estimated take-home salary of a Credit Manager at The Saraswat Co-operative Bank in India typically ranges from ₹62,523 to ₹64,111 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹11.7 Lakhs per year for employees with experience ranging from Fresher to 12 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 20+ 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 Credit Manager in India?

IDBI Bank	₹8.5 Lakhs to ₹28.9 Lakhs per year
Canara Bank	₹11.1 Lakhs to ₹26.0 Lakhs per year
South Indian Bank	₹9.0 Lakhs to ₹21.0 Lakhs per year
Federal Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India	₹6.6 Lakhs to ₹20.0 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 Credit Manager in companies similar to The Saraswat Co-operative Bank in India?

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

Central Bank of India	₹10.0 Lakhs to ₹17.0 Lakhs per year
Karnataka Bank	₹10.5 Lakhs to ₹16.0 Lakhs per year
UCO Bank	₹6.0 Lakhs to ₹16.0 Lakhs per year
City Union Bank	₹8.5 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank	₹6.3 Lakhs to ₹16.8 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 Credit Manager at The Saraswat Co-operative Bank in India?

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

Experience	Average Salary Range
Fresher	₹7.2 Lakhs to ₹9.1 Lakhs per year
1 year	₹7.2 Lakhs to ₹9.3 Lakhs per year
2 years	₹7.3 Lakhs to ₹9.4 Lakhs per year
3 years	₹6.5 Lakhs to ₹9.5 Lakhs per year

and so on.

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The Saraswat Co-operative Bank Credit Manager Salaries

The Saraswat Co-operative Bank Credit Manager salary in India ranges between ₹6.5 Lakhs to ₹11.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 The Saraswat Co-operative Bank latest salaries received from various employees of The Saraswat Co-operative Bank.