How much does a Branch Manager make?

Updated 18 Sep 2021
₹8L /yr
Average Base Pay

1,067 salaries

₹4L

Low

₹8L

Average

₹17L

High

No additional cash compensation has been reported for this role

The national average salary for Branch Manager is ₹8,14,660 per year in India. Filter by location to see Branch Manager salaries in your area. Salaries estimates are based on 1067 salaries submitted anonymously to Glassdoor by Branch Manager employees.

Seniority Levels

L2
Branch Manager₹8L /yr
L3
Senior Branch Manager₹13L /yr
L4
Team Lead Branch ManagerNo Salary Reports
Career Path

Related Job Titles

Bank Branch Manager

₹62,017

per year

District Manager

₹36,000

per year

General Manager

£1,23,439

per year

Sales Manager

CA$2,08,637

per year

Salaries in India

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (INR)

Range

ICICI Bank
3.6

ICICI Bank

Branch Manager

₹9,00,000

 /yr
Range: ₹3L - ₹85L
113 salaries
See 114 salaries from all locations

₹3L

₹85L

₹2,50,227 - ₹85,00,000 Range

State Bank of India
3.9

State Bank of India

Branch Manager

₹10,30,347

 /yr
Range: ₹3L - ₹20L

₹3L

₹20L

₹3,12,757 - ₹19,92,233 Range

HDFC Bank
3.6

HDFC Bank

Branch Manager

₹8,85,887

 /yr
Range: ₹1L - ₹93L

₹1L

₹93L

₹1,35,466 - ₹93,25,847 Range

IndusInd Bank
3.3

IndusInd Bank

Branch Manager

₹10,18,325

 /yr
Range: ₹3L - ₹23L

₹3L

₹23L

₹3,46,545 - ₹22,92,854 Range

ICICI Prudential Life Insurance
3.7

ICICI Prudential Life Insurance

Branch Manager

₹12,87,508

 /yr
Range: ₹4L - ₹16L

₹4L

₹16L

₹4,17,506 - ₹15,94,585 Range

Axis Bank
3.5

Axis Bank

Branch Manager

₹11,21,426

 /yr
Range: ₹2L - ₹32L

₹2L

₹32L

₹1,86,517 - ₹32,21,496 Range

IIFL
3.3

IIFL

Branch Manager

₹4,63,561

 /yr
Range: ₹3L - ₹11L

₹3L

₹11L

₹3,26,781 - ₹11,12,545 Range

Is this helpful? The community relies on everyone sharing –Add Anonymous Salary
Kotak Mahindra
3.6

Kotak Mahindra

Branch Manager

₹12,42,411

 /yr
Range: ₹2L - ₹21L

₹2L

₹21L

₹1,50,000 - ₹20,85,227 Range

Muthoot Finance
3.3

Muthoot Finance

Branch Manager - Monthly

₹28,641

 /mo
Range: ₹10T - ₹62T

₹10T

₹62T

₹10,426 - ₹61,755 Range

Pidilite
4.4

Pidilite

Branch Manager

₹16,93,004

 /yr
Range: ₹13L - ₹25L

₹13L

₹25L

₹12,80,720 - ₹24,85,037 Range

IndiaMART
3.6

IndiaMART

Branch Manager

₹9,89,861

 /yr
Range: ₹6L - ₹74L

₹6L

₹74L

₹6,16,302 - ₹73,59,624 Range

RBG HR Services
3

RBG HR Services

Branch Manager

₹10,75,126

 /yr
Range: ₹10L - ₹11L

₹10L

₹11L

₹9,67,613 - ₹11,28,882 Range

HDB Financial Services
3.6

HDB Financial Services

Branch Manager

₹8,81,746

 /yr
Range: ₹5L - ₹15L

₹5L

₹15L

₹4,74,892 - ₹14,65,000 Range

The Muthoot Pappachan Group
3.2

The Muthoot Pappachan Group

Branch Manager - Monthly

₹28,250

 /mo
Range: ₹16T - ₹36T

₹16T

₹36T

₹15,935 - ₹36,055 Range

Canara Bank
3.8

Canara Bank

Branch Manager

₹9,29,842

 /yr
Range: ₹7L - ₹10L

₹7L

₹10L

₹6,65,109 - ₹10,48,479 Range

Union Bank of India
3.9

Union Bank of India

Branch Manager - Monthly

₹91,300

 /mo
Range: ₹42T - ₹1L

₹42T

₹1L

₹41,877 - ₹1,42,700 Range

Mahindra
4

Mahindra

Branch Manager

₹7,20,855

 /yr
Range: ₹2L - ₹9L

₹2L

₹9L

₹1,59,684 - ₹8,76,582 Range

Bank of Baroda
3.6

Bank of Baroda

Branch Manager - Monthly

₹74,622

 /mo
Range: ₹16T - ₹2L

₹16T

₹2L

₹16,000 - ₹1,62,246 Range

ICICI Securities
3.3

ICICI Securities

Branch Manager

₹7,58,839

 /yr
Range: ₹6L - ₹10L

₹6L

₹10L

₹5,64,781 - ₹10,18,325 Range

City Union Bank
2.8

City Union Bank

Branch Manager - Monthly

₹1,00,000

 /mo
Range: ₹80T - ₹1L

₹80T

₹1L

₹80,000 - ₹1,16,268 Range

Download as data Table
Viewing 1 - 10 of 2,997

Frequently asked questions about a Branch Manager salaries

The national average salary for a Branch Manager is ₹8,14,660 per year in India. Filter by location to see a Branch Manager salaries in your area. Salaries estimates are based on 1067 salaries submitted anonymously to Glassdoor by a Branch Manager employees.

The highest salary for a Branch Manager in India is ₹16,97,000 per year.

The lowest salary for a Branch Manager in India is ₹3,60,172 per year.

Recent Salary Reports

Below are the most recent branch manager salary reports. Employer name has been removed to protect anonymity.

₹9,60,000
per year
A Branch Manager in the Kolkata Area area reported making ₹9,60,000 per year
Job Highlights
5-7 years experience
Kolkata Area area
Full-time
 
10000+ employees
Company - Public
₹22,000
monthly
A Branch Manager in the Pune Area area reported making ₹22,000 per month
Job Highlights
5-7 years experience
Pune Area area
Full-time
 
1001 to 5000 employees
Company - Private
₹60,000
monthly
A Branch Manager in the Hyderabad Area area reported making ₹60,000 per month
Additional Pay
₹2.16M cash bonus
₹100k stock bonus
Job Highlights
Hyderabad Area area
Full-time
 
1 to 50 employees
Company - Private
₹18,00,000
per year
A Branch Manager in the New Delhi Area area reported making ₹18,00,000 per year
Job Highlights
10+ years experience
New Delhi Area area
Full-time
 
10000+ employees
Company - Public
₹12,00,000
per year
A Branch Manager in the Hyderabad Area area reported making ₹12,00,000 per year
Job Highlights
3-4 years experience
Hyderabad Area area
Full-time
 
10000+ employees
Private Practice / Firm
₹34,000
monthly
A Branch Manager in the Indore Area area reported making ₹34,000 per month
Job Highlights
8-10 years experience
Indore Area area
Full-time
 
201 to 500 employees
Company - Private