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Bank Managers are qualified and skilled professionals who oversee the day-to-day operations of their branches as well as supervise the designated staff of the banks on their duties and responsibilities. The average salary of a Bank Manager in India is INR 7.59 LPA. Although the salary structure in public banks is fixed by the government, however various other factors such as qualifications, years of experience, location and skill sets determine the salary of a Bank Manager. Bank Managers are also entitled to several other benefits such as house rent allowance, dearness allowance and provident fund. To Become a Bank Manager, aspiring candidates must pursue undergraduate and postgraduate banking courses from any of the top banking colleges across the country.
Table of Content
- Average Salary of a Bank Manager
- Salary of a Bank Manager: Specialization Wise
- Salary of a Bank Manager: Experience Wise
- Salary of a Bank Manager: Company Wise
- Salary of a Bank Manager: City Wise
- Salary of a Bank Manager: Country Wise
- Salary of a Bank Manager: Sector Wise
7.1 Public Sector
7.2 Private Sector
Average Salary of a Bank Manager
The average salary of a Bank Manager in India is INR 7.59 LPA. According to Glassdoor, the average monthly salary of a Bank Manager is INR 53,914. The salary of a Bank Manager with less than one year of experience is approximately INR 3.60 LPA.
Some of the top recruiting companies for Bank Managers in India are SBI, HDFC Bank, IDBI Bank, Yes Bank and many more. The highest-paying bank in India is State Bank of India, which offers a salary package of INR 10.17 LPA. Punjab National Bank offers a package of INR 8.95 LPA.
Read More:
Salary of a Bank Manager: Specialization Wise
There are various departments that need efficient professionals to manage their daily activities. Candidates with specialised attributes are best suited for each department. Tabulated below is the salary of a Bank Manager on the basis of their specialization,
| Specialization | Average Annual Salary (INR) |
|---|---|
| Banking and Finance | 6.25 L |
| Risk management | 7.23 L |
| Marketing | 5.79 L |
| Human resource Management | 5.07 L |
| Information Technology | 7.90 L |
| Operation Management | 8.40 L |
Salary of a Bank Manager: Experience Wise
Experience plays a very important role in determining the salary of a Bank Manager. The salary of a Bank manager based on years of experience is tabulated below for your reference,
| Experience | Average Annual Salary (INR) |
|---|---|
| 0 - 5 years | 6.00 L |
| 6 - 10 years | 8.23 L |
| 11 - 15 years | 9.33 L |
| 16 - 20 years | 12.79 L |
| 20 years & above | 14.00 L |
Salary of a Bank Manager: Company Wise
India is home to several top banks in both private and public sectors. The average salary of a Bank Manager on the basis of the banks that they are working in is provided below for your reference.
| Name of the Company | Average Annual Salary (INR) |
|---|---|
| State Bank of India | 10.93 L |
| Punjab National Bank | 8.62 L |
| Yes Bank | 8.06 L |
| ICICI Bank | 8.52 L |
| UBS Bank | 13.42 L |
| Deutsche Bank | 10.62 L |
| Federal Bank | 7.56 L |
| Canara Bank | 7.20 L |
Salary of a Bank Manager: City Wise
The average salary of a Bank Manager depends on the region in which he is posted. Candidates residing in rural areas will be compensated comparatively less than those residing in urban areas across various cities is provided below for your reference.
| Name of the Cities | Average Annual Salary (INR) |
|---|---|
| Delhi | 8.73 L |
| Mumbai | 9.58 L |
| Kolkata | 8.14 L |
| Bangalore | 8.00 L |
| Hyderabad | 8.24 L |
| Lucknow | 7.50 L |
| Chennai | 9.00 L |
Salary of a Bank Manager: Country Wise
The requirements of bank Managers are not only in India but also abroad. There are vast scopes for bank managers abroad. The average salary of a Bank Manager across various countries is tabulated below,
| Name of the Countries | Average Annual Salary (INR) |
|---|---|
| Russia | 56.25 L |
| USA | 76.88 L |
| Canada | 48.37 L |
| Europe | 79.67 L |
| China | 46.06 L |
| Australia | 54.12 L |
| Germany | 61.77 L |
| France | 64.00 L |
Salary of a Bank Manager: Sector Wise
A Bank Manager's salary also depends on the sectors in which they work. The ones working in public or government banks earn more as compared to private banks. They are also entitled to get other benefits which private banks might or might not offer including retirement benefits. The sector-wise salary of a bank manager is provided below for your reference,
Public Sector
| Name of the Banks | Average Annual Salary (INR) |
|---|---|
| State bank of India | 9.27 L |
| Syndicate Bank | 7.20 L |
| Canara Bank | 8.12 L |
Private Sector
| Name of the Banks | Average Annual Salary (INR) |
|---|---|
| Yes Bank | 8.73 L |
| Corporate Bank | 7.50 L |
| HDFC bank | 8.60 L |
Skills Required to become a Bank Manager
A Bank Manager should possess the following set of soft skills or technical skills in order to excel in the profession provided below for your reference,
| Adaptability | Computer Knowledge | Business- Management skills |
| Branch Management | Financial Analysis | Risk Management |
| Business Development | Operations Management | Time Management |
Top Recruiters for Bank Managers
Although all banks require a Bank Manager who manages the functionality of a Bank. Some of the top recruiters of Bank Managers are listed below,
| State Bank of India | HDFC Bank | Karur Vysya Bank |
| IDFC Bank | Punjab National Bank | Axis Bank |
| Federal Bank | Canara Bank | Union Bank of India |
| HDB Bank | J & K Bank | Indusind Bank |
Salary of a Bank Manager: FAQs
Ques. What does a Bank Manager do?
Ans. Bank Managers perform various roles. Some of them are:
- Create campaigns for the company to achieve their objectives
- Promote business, product or service
- Managing budget, product and clients
- Create prospective customers and retain the existing ones
Ques. Which course should I pursue to become a Bank Manager?
Ans. In order to be a Bank Manager, the candidate for a bachelor’s can pursue B.COM (Hons), BBA, B.Sc or any other course in any discipline and for post-graduation, they can pursue either MBA in Marketing or PGDM in Marketing.
Ques: What is the highest salary of a Bank Manager?
Ans. According to Glassdoor, the highest salary of a Bank Manager is around INR 20 LPA.
Ques: What is the average course fees of a Bank Manager?
Ans. The average course fee of a Bank Manager in India is around INR 30,000 - 60,000.
Ques. What are the top skills required to become a Bank Manager?
Ans. The top skills required to become a Bank Manager are
- Risk management
- Computer knowledge
- Time management
- Analytical skills
- Skill Development
Ques. What are the types of Bank Managers?
Ans. There are several types of managers as this a vast career option such as:
- Business Development Manager
- Branch Manager
- Probationary Officer
- Digital Bank Manager
Ques. What are the benefits of being a Bank Manager?
Ans. The benefits of being a Bank Manager are:
- High-paying job
- Job security
- Promotional benefits
- Help in improving the name of the brand
Ques. Which company offers the highest salary to a Bank Manager?
Ans. According to Payscale, the company which offers the highest salary to a Bank Manager is UBS Bank and India. It offers around INR 9.27 LPA.
Ques. Do I need prior experience to become a Bank Manager?
Ans. No, candidates don’t need any prior experience to be a Bank Manager. However, the prior experience will help them get a higher position and even higher salary.
Ques. What is the lowest salary of a Bank Manager?
Ans. According to Glassdoor, the lowest salary of a Bank Manager is INR 6.60 LPA. This is an entry-level position offered to the candidates.




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