There are lot of candidates who wants to know about the salary of Bank Manager in India. Banking job in India is the most prestigious post that offers lucrative salary, respectable life, lots of benefits, and also gives opportunity to get on higher post. Most importantly her you get the security of your job post. IBPS Bank PO salary is also attractive and you can compare it to that of Bank Manager salary. There are different criteria on which Bank Mangers gets there salary that we will be discussing in this post.
Annual Average Salaries of Bank Manager Based on Experience
As we all know experience matters a lot in any work and here in Banking sector also the Bank Manager get there salary on there working experience also. What is the annual average salary range of Bank Manager? The Bank manager who has experience of 1-4 years can get between INR 2,87,337 – INR 7,20,000, 5-9 years experience can get salary of INR 3,06,386 – INR 10,76,585. The annual average salary range Increases with the growing working experience that you can see in below table. Have a look on salary of Bank Manager as per experience –
| Experience | Annual Average Salaries |
|---|---|
| 1-4 years | INR 2,87,337 – INR 7,20,000 |
| 5-9 years | INR 3,06,386 – INR 10,76,585 |
| 10-19 years | INR 2,97,988 – INR 17,61,685 |
| 20 years or more | INR 71,490 – INR 9,40,204 |
Annual Average Salaries based on City
The salary of Bank Manager also differs according to city as the cost of living standards are high and low in different city. Here is a look on Bank Manager Income based on city:
| Cities | Annual Average Salaries |
|---|---|
| Hyderabad Andhra Pradesh | INR 5,00,000 – INR 8,40,000 |
| Delhi Delhi | INR 3,84,000 – INR 8,40,000 |
| Bangalore Karnataka | INR 2,93,878 – INR 8,70,000 |
Annual Average Salaries based on Degree
If the candidate have Bachelor’s degree in Banking then Banking Managers can earn between INR 5,89,581 – INR 9,15,628 and if the candidate have MBA or Master of Business Administration can get salary of INR 5,89,581 – INR 7,26,057. Here is a brief look at the yearly average salaries earn by banking managers based on their academic qualification :
| Degree | Annual Average Salaries |
|---|---|
| Bachelor’s Degree | INR 5,89,581 – INR 9,15,628 |
| MBA or Master of Business Administration | INR 5,89,581 – INR 7,26,057 |
Annual Average Salaries based on Gender
The gender based salaries earned by bank managers are as the female Bank Managers can get between INR 3,48,000 – INR 7,50,000 and the male candidate can between INR 2,94,339 – INR 12,00,000. Check below table for more detailed view :
| Gender | Annual Average Salaries |
|---|---|
| Female | INR 3,48,000 – INR 7,50,000 |
| Male | INR 2,94,339 – INR 12,00,000 |
Banking Managers salary in leading Banking organizations
Check the below table to know about the banking managers salary in leading Banking Organization –
| Employers | Annual Average Salaries |
|---|---|
| State Bank of India (Assistant Banking Centre Manager) | INR 1,97,000 – INR 2,14,000 |
| Kotak Mahindra Bank ( Corporate Banking Manager) | INR 10,50 000 – INR 11,40,000 |
| Central Bank of India (Assistant Manager) | INR 2,87,000 – INR 3,63,000 with an annual average of INR 3 25 149 |
| Punjab National Bank (Branch Manager) | INR 5,72,000 – INR 13,60,000 with an annual average of INR 9,67,180 |
Bank Managers allowances and perks
As we all know the salary of Bank Managers is great that also includes Dearness Allowances and HRA for all the scales.
The table below provides detailed information of all the allowances provided to the Bank Managers in India.
| S.No. | Allowances | |
| 1. | Travel Allowances | There is an option provided by the bank for full travelling allowance or reimbursement of the money spent on petrol/diesel. |
| 2. | Leased Accommodation | Banks mostly provide their employees either a bank quarter to stay in or gives an option to lease a house for which the bank is accountable for providing the rent. |
| 3. | Medical Reimbursement | The banks also provide a fixed amount to their employees for medical treatment. |
| 4. | Pension Schemes | |
| 5. | Miscellaneous |
Description
Any job in banking sector is seen as the most proudable and safest among candidates and that of Bank Manager is so great. Lakhs of candidates every year appear for Banking exams and Bank Manager is one of that rank post. The Bank Manager in India gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about Bank Manager salary, job profile, allowances, benefits and perks. You can also compare Bank Manager salary with IBPS SO salary that will help you to decide where you want to make your career. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.