Bank Branch Manager Average Salary in India 2024
How much money does a person working as Bank Branch Manager make in India?
LOW
26,800
INR AVERAGE
57,000
INR HIGH
90,100
INR
A person working as Bank Branch Manager in India typically earns around 57,000 INR. Salaries range from 26,800 INR (lowest) to 90,100 INR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in India vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Branch Manager Pay Scale and Salaries in India
Salary Structure and Pay Scale Comparison
53,700 INR or more
47,100 to 53,700 INR
32,800 INR or less
32,800 to 47,100 INR
 26,800 INR |
54,000 INR |
90,100 INR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Bank Branch Manager in India range from 26,800 INR (starting salary) to 90,100 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 54,000 INR, half of the professionals who work as Bank Branch Manager in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Branch Manager in India earn less than 43,800 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 62,100 INR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Branch Manager in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 32,800 INR to 47,100 INR. About 20% of salaries are below the 32,800 INR mark, while 10% fall within the range of 47,100 INR to 53,700 INR. Only 5% of individuals have salaries exceeding 53,700 INR.
Salary Comparison by Years of Experience / Bank Branch Manager / India
How do experience and age affect pay?
| 0 - 2 Years | 30,900 INR | |
| 2 - 5 Years | +38% | 42,600 INR |
| 5 - 10 Years | +42% | 60,600 INR |
| 10 - 15 Years | +22% | 73,900 INR |
| 15 - 20 Years | +6% | 78,000 INR |
| 20+ Years | +9% | 85,000 INR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Branch Manager and this is what we found.
Employees with less than two years of experience earn approximately 30,900 INR.
While someone with an experience level between two and five years is expected to earn 42,600 INR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 60,600 INR, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 73,900 INR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 78,000 INR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 85,000 INR, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Branch Manager / India
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Branch Manager.
| Bachelor's Degree | 42,600 INR | |
| Master's Degree | +83% | 78,000 INR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Branch Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 42,600 INR.
Level 2: Master's Degree
At this level, the average salary becomes 78,000 INR, 83% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in India costs anywhere from 160,000 INR to 481,000 INR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Bank Branch Manager / India
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Branch Manager in India, the average difference between the salary of male and female employees is 14%.
| Male | 61,300 INR | |
| Female | -13% | 53,600 INR |
Salary Comparison By Gender in India for all Careers
Average Annual Salary Increment Percentage / Bank Branch Manager / India
How much are annual salary increments in India for individuals working as Bank Branch Manager? How often do employees get salary raises?
Individuals working as Bank Branch Manager in India are likely to observe a salary increase of approximately 14% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
India / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Bank Branch Manager / India
How much and how often are bonuses being awarded?
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15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 85% | |
| No Bonus | 15% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Bank Branch Manager / India
330 INR per hourThe average hourly wage (pay per hour) for individuals working as Bank Branch Manager in India is 330 INR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Bank Branch Manager in India is 150 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 48,900 INR | -14% |
| Assistant Bank Branch Manager | 41,800 INR | -27% |
| Assistant Bank Manager | 55,100 INR | -3% |
| ATM Manager | 46,600 INR | -18% |
| ATM Service Technician | 12,800 INR | -78% |
| Bank Accounts Analyst | 18,500 INR | -68% |
| Bank Accounts Collector | 11,400 INR | -80% |
| Bank Accounts Controller | 23,800 INR | -58% |
| Bank Accounts Executive | 35,200 INR | -38% |
| Bank Accounts Manager | 40,900 INR | -28% |
| Bank Auditing Manager | 41,300 INR | -28% |
| Bank Branch Manager | 57,000 INR | = |
| Bank Branch Operations Coordinator | 25,200 INR | -56% |
| Bank Clerk | 10,900 INR | -81% |
| Bank Client Service Associate | 15,400 INR | -73% |
| Bank Collector | 11,400 INR | -80% |
| Bank Compliance Specialist | 29,900 INR | -48% |
| Bank Manager | 66,500 INR |  +17% |
| Bank Operational Risk Manager | 66,000 INR | +16% |
| Bank Operations Head | 67,900 INR | +19% |
| Bank Operations Officer | 26,600 INR | -53% |
| Bank Operations Specialist | 41,600 INR | -27% |
| Bank Process Manager | 37,500 INR | -34% |
| Bank Product Manager | 43,200 INR | -24% |
| Bank Programme Manager | 45,600 INR | -20% |
| Bank Project Manager | 53,700 INR | -6% |
| Bank Propositions Manager | 48,000 INR | -16% |
| Bank Quantitative Analyst | 33,600 INR | -41% |
| Bank Regional Manager | 69,400 INR | +22% |
| Bank Regional Risk Officer | 35,200 INR | -38% |
| Bank Relationship Manager | 50,800 INR | -11% |
| Bank Relationship Officer | 22,800 INR | -60% |
| Bank Sustainability Analyst | 39,100 INR | -31% |
| Bank Teller | 11,900 INR | -79% |
| Banker | 23,800 INR | -58% |
| Banking Business Analyst | 37,200 INR | -35% |
| Banking Business Development Officer | 21,900 INR | -62% |
| Banking Business Planning Executive | 49,900 INR | -12% |
| Banking Data Analyst | 40,100 INR | -30% |
| Banking Product Manager | 43,200 INR | -24% |
| Banking Reference Data Manager | 38,000 INR | -33% |
| Banking Regulatory Compliance Officer | 41,200 INR | -28% |
| Banking Risk Analyst | 34,400 INR | -40% |
| Banking Technical Analyst | 18,500 INR | -68% |
| Bankruptcy Coordinator | 24,700 INR | -57% |
| Bill and Account Collector | 12,400 INR | -78% |
| Blockchain Analyst | 29,800 INR | -48% |
| Blockchain Architect | 34,600 INR | -39% |
| Blockchain Auditor | 30,600 INR | -46% |
| Blockchain Compliance Analyst | 31,600 INR | -45% |
| Blockchain Consultant | 33,200 INR | -42% |
| Blockchain Trade Facilitator | 28,700 INR | -50% |
| Budget Analyst | 34,400 INR | -40% |
| Capital Risk Manager | 66,000 INR | +16% |
| Cards Marketing Manager | 43,700 INR | -23% |
| Cash Management Manager | 61,000 INR | +7% |
| Check Processing Manager | 45,100 INR | -21% |
| Chief Blockchain Officer | 39,100 INR | -31% |
| Commercial Vault Associate | 34,000 INR | -40% |
| Corporate Banker | 25,200 INR | -56% |
| Corporate Dealer | 36,100 INR | -37% |
| Credit Analyst | 27,100 INR | -52% |
| Credit and Collections Manager | 47,000 INR | -18% |
| Credit Card Fraud Investigator | 36,000 INR | -37% |
| Credit Portfolio Manager | 65,100 INR | +14% |
| Credit Risk Analyst | 39,000 INR | -32% |
| Credit Risk Associate | 37,200 INR | -35% |
| Cryptocurrency Accountant | 22,100 INR | -61% |
| Cryptocurrency Adviser | 43,000 INR | -25% |
| Cryptocurrency Analyst | 32,200 INR | -44% |
| Cryptocurrency Compliance Manager | 40,000 INR | -30% |
| Cryptocurrency Trader | 35,800 INR | -37% |
| Digital Banking Manager | 46,900 INR | -18% |
| Digital Currency Analyst | 34,300 INR | -40% |
| Direct Bank Sales Representative | 24,700 INR | -57% |
| Exchange Control Consultant | 36,800 INR | -35% |
| Executive Account Analyst | 34,200 INR | -40% |
| Financial Bank Planning Consultant | 44,700 INR | -22% |
| Financial Banking Analysis Manager | 51,300 INR | -10% |
| Financial Banking Assistant | 16,600 INR | -71% |
| Financial Banking Systems Manager | 47,500 INR | -17% |
| Foreign Exchange Manager | 50,800 INR | -11% |
| Fraud Analyst | 37,100 INR | -35% |
| Fraud Detection Associate | 25,200 INR | -56% |
| Fraud Detection Manager | 54,200 INR | -5% |
| Fraud Detection Supervisor | 30,400 INR | -47% |
| Internal Bank Audit Manager | 63,400 INR | +11% |
| Internal Bank Auditor | 33,700 INR | -41% |
| Internal Private Banker | 25,200 INR | -56% |
| International Banking Manager | 71,300 INR | +25% |
| Investment Banking Analyst | 50,400 INR | -12% |
| Loan Analyst | 34,400 INR | -40% |
| Loan Area Manager | 42,300 INR | -26% |
| Loan Audit Team Leader | 39,600 INR | -31% |
| Loan Branch Manager | 39,200 INR | -31% |
| Loan Business Development Officer | 21,100 INR | -63% |
| Loan Clerk | 12,400 INR | -78% |
| Loan Collection and Recovery Manager | 41,800 INR | -27% |
| Loan Collection Manager | 41,800 INR | -27% |
| Loan Collector | 11,400 INR | -80% |
| Loan Examiner | 15,200 INR | -73% |
| Loan Officer | 13,300 INR | -77% |
| Loan Processing Manager | 37,500 INR | -34% |
| Loan Processor | 15,700 INR | -72% |
| Loan Quality Assurance Auditor | 35,200 INR | -38% |
| Loan Quality Assurance Manager | 39,200 INR | -31% |
| Loan Quality Assurance Representative | 26,100 INR | -54% |
| Loan Review Manager | 39,400 INR | -31% |
| Loan Team Leader | 35,200 INR | -38% |
| Loans Manager | 46,600 INR | -18% |
| Mortgage Advisor | 24,200 INR | -58% |
| Mortgage Collection Manager | 40,900 INR | -28% |
| Mortgage Collector | 11,400 INR | -80% |
| Mortgage Credit Analyst | 18,500 INR | -68% |
| Mortgage Credit Manager | 39,000 INR | -32% |
| Mortgage Development Manager | 44,700 INR | -22% |
| Mortgage Document Reviewer | 15,200 INR | -73% |
| Mortgage Funding Manager | 45,100 INR | -21% |
| Mortgage Operations Manager | 60,300 INR | +6% |
| Mortgage Payment Processing Clerk | 13,300 INR | -77% |
| Mortgage Processing Manager | 39,900 INR | -30% |
| Mortgage Processor | 15,700 INR | -72% |
| Mortgage Quality Assurance Auditor | 34,400 INR | -40% |
| Mortgage Quality Assurance Manager | 39,400 INR | -31% |
| Mortgage Servicing Clerk | 12,100 INR | -79% |
| Mortgage Servicing Manager | 38,500 INR | -32% |
| Mortgage Underwriter | 14,700 INR | -74% |
| Online Banking Manager | 60,600 INR | +6% |
| Open Banking Strategist | 36,100 INR | -37% |
| Payment Processing Clerk | 12,400 INR | -78% |
| Personal Banker | 25,200 INR | -56% |
| Personal Banking Advisor | 25,700 INR | -55% |
| Phone Banker | 16,700 INR | -71% |
| Private Banker | 25,200 INR | -56% |
| Reconciliation and Investigation Specialist | 28,500 INR | -50% |
| Tax Officer | 20,900 INR | -63% |
| Teller | 11,900 INR | -79% |
| Trade Officer | 14,300 INR | -75% |
| Trade Product Manager | 40,900 INR | -28% |
| Trader | 17,100 INR | -70% |
| Treasury Operations Officer | 30,900 INR | -46% |
| Wealth Management Advisor | 50,800 INR | -11% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.
| Private Sector | 31,100 INR | |
| Public Sector | +5% | 32,800 INR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Branch Manager in India?
A good and competitive compensation would range anywhere between 54,000 INR and 62,100 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Bank Branch Manager in India ranges from 26,800 INR to 43,800 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
