The average salary for a Bank Manager is Rs 721,609.
MEDIAN Rs 721,609
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Rs 293k - Rs 1m
Rs 10k - Rs 203k
Rs 12 - Rs 101k
Rs 303k - Rs 1m
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Job Description for Bank Manager
The bank manager handles the day-to-day operations of a bank branch, which is usually owned and operated by a larger financial entity. They administer the bank’s policies, ensure adherence to company and legal regulations, and are responsible for supervising the other bank employees. They implement bank operations and budgets, and they are expected to run their operation in a profitable manner. The bank manager is expected to grow their branch by expanding its base of customers and ensure that t…Read more
Bank Manager Tasks
- Manage the daily activities of a bank branch or regional branches, including marketing, sales, HR, and bank profitability.
- Establish and maintain strong relationships with customers, the community, and business partners.
- Plan and implement strategies for bringing in new customers and improving sales of bank services.
- Supervise and motivate bank staff, and oversee the hiring, training, and performance of employees.
Popular Employer Salaries for Bank Manager
The top respondents for the job title Bank Manager are from the companies HDFC Bank Pvt Ltd, State Bank of India and Axis Bank. Reported salaries are highest at Axis Bank where the average pay is Rs 1,375,000. Other companies that offer high salaries for this role include HDFC Bank Pvt Ltd, earning around Rs 900,000. Union Bank of India pays the lowest at around Rs 573,913. State Bank of India also pays on the lower end of the scale, paying Rs 808,124.
Bank Manager Job Listings
Popular Skills for Bank Manager
Skills in Business Development, Operations Management and People Management are correlated to pay that is above average. Skills that pay less than market rate include Banking and Customer Service.
Pay by Experience Level for Bank Manager
An entry-level Bank Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of Rs 589,581 based on 22 salaries. An early career Bank Manager with 1-4 years of experience earns an average total compensation of Rs 584,664 based on 64 salaries. A mid-career Bank Manager with 5-9 years of experience earns an average total compensation of Rs 713,217 based on 102 salaries. An experienced Bank Manager with 10-19 years of experience earns an average total compensation of Rs 870,125 based on 52 salaries. In their late career (20 years and higher), employees earn an average total compensation of Rs 1,000,000.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Bank Manager in their job title in Chennai, Tamil Nadu earn an average of 24.7% more than the national average. These job titles also find higher than average salaries in Delhi, Delhi (17.8% more) and Mumbai, Maharashtra (12.1% more). The lowest salaries can be found in Kolkata, West Bengal (14.8% less) and Hyderabad, Andhra Pradesh (4.4% less).
Years of Experience
This data is based on 260 survey responses.
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