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Bank Branch Manager Salaries | Average Salary, Pay scale In India

Bank Branch Manager Salaries

Have a look at what the leading government and private banks of India are offering in terms of salary packages to their respective employees working as a Branch Manager. Bank branch managers manage the daily operations of a financial institution’s satellite offices. These individuals supervise branch workers, including tellers and loan officers, evaluate loan applications and oversee the flow of cash and financial instruments. The average salaries earned by Bank Branch Manager in India are listed in details below:

Bank Branch Manager often works in comfortable office settings, maintain a full-time schedule and get a good Pay scale. The list comprising the top well paying government and private sector banks of India has been drawn after a comparative study of salaries offered to Bank Branch Manager Posts.

Salaries of popular Public Sector Banks in India

State Bank of India:

Branch ManagerRs 2 LAKH – RS 10 LAKH
Assistant Branch ManagerRs 2.5 lakh- Rs 6.5 lakh

Union Bank of India:

Branch ManagerRs 4 LAKH- RS 12 LAKH
Assistant Branch ManagerRs 2.2 lakh – Rs 5.5 lakh

United Bank of India:

Branch ManagerRs 2.5 lakh – Rs 9 lakh
Assistant Branch ManagerRs 2 lakh – Rs 6 lakh

Bank of India:

Branch ManagerRs 3.5 LAKH – RS 11.5 LAKH
Assistant Branch ManagerRs 2.5 lakh – Rs 8 lakh
Assistant General ManagerRs 4 lakh – Rs 17 lakh

IDBI Bank:

ManagerRs 6 LAKH – RS 10 LAKH
Senior ManagerRs 7 lakh – Rs 12 lakh

Punjab National Bank:

ManagerRs 7 lakh – Rs 8 lakh

Allahabad Bank:

Assistant Branch ManagerRs 2.5 LAKH – RS 5.5 LAKH
Branch ManagerRs 3.5 lakh – Rs 12 lakh

Salaries of popular Private Sector Banks in India:

ICICI Bank:

Assistant Branch ManagerRs 2.5 LAKH – RS 5.5 LAKH
Branch ManagerRs 3.5 lakh – Rs 12 lakh

HDFC Bank:

BANK MANAGERRs 3.5 LAKH – RS 15 LAKH
Assistant Branch ManagerRs 3 lakh – Rs 8 lakh
Relationship ManagerRs 4 lakh – Rs 14 lakh

Yes Bank:

Branch ManagerRs 5 LAKH – RS 12.5 LAKH
Assistant Branch ManagerRs 3 lakh – Rs 5 lakh
Relationship ManagerRs 8.5 lakh – Rs 9 lakh

Axis Bank:

Branch ManagerRs 24 LAKH – RS 27 LAKH
Assistant Branch ManagerRs 3 lakh – Rs 5 lakh

IndusInd Bank:

Branch ManagerRs 7.5 LAKH – RS 12.5 LAKH
Relationship ManagerRs 2 lakh – Rs 9.5 lakh
Assistant Sales ManagerRs 2.5 lakh – Rs 3.5 lakh

Bank Jobs in India and their Benefits:

The complete range of perks and benefits usually earned by branch managers across the country includes:

  • Life Insurance/ Disability
  • Defined Contribution Retirement Plan
  • Relocation Expenses
  • Company Pension Plan
  • Paid Sick Leave
  • Paid Holidays

Qualifications Required for Bank Branch Manager Jobs:

The basic educational qualification required for a bank job is a Bachelor’s degree with accounts as subject, whether the bank is private or government. Some employers may require a master’s degree. Students interested in becoming bank branch managers need to have a bachelor’s degree in business administration, accounting, finance ,etc. And afterwards, the written examination and interview has to be cleared.

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