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Indian Overseas Bank Senior Manager Credit salaries in India (Updated 2025)

Annual salary range
9 - 13 years exp.
₹17 Lakhs - ₹25 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Senior Manager Credit Salary at Indian Overseas Bank ranges between ₹17 Lakhs to ₹25 Lakhs per year for employees with experience between 9 years to 13 years. Salary estimates are based on 7 latest salaries... Read more

45% more than the average Senior Manager Credit Salary in Banking Companies for 9 - 13 years of experience

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Last Updated: 6 Apr 2025

Companies similar to Indian Overseas Bank for Senior Manager Credit

Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Senior Manager Credit Salary

2 - 12 years exp. (416 salaries)

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₹9.8 L/yr - ₹16.4 L/yr

arrow icon 37% less
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Yes Bank Senior Manager Credit Salary

4 - 16 years exp. (194 salaries)

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₹10 L/yr - ₹17.3 L/yr

arrow icon 36% less
1 job opening
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IDFC FIRST Bank Senior Manager Credit Salary

3 - 11 years exp. (87 salaries)

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₹9.4 L/yr - ₹15.9 L/yr

arrow icon 44% less
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₹6 L/yr - ₹13.3 L/yr

arrow icon 53% less
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₹15.3 L/yr - ₹26.2 L/yr

arrow icon 2% less
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₹3.8 L/yr - ₹8.8 L/yr

arrow icon 69% less
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IndusInd Bank Senior Manager Credit Salary

3 - 12 years exp. (24 salaries)

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₹11 L/yr - ₹19.4 L/yr

arrow icon 28% less
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Standard Chartered Senior Manager Credit Salary

4 - 12 years exp. (20 salaries)

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₹20.8 L/yr - ₹38.8 L/yr

arrow icon 36% more
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Indian Bank Senior Manager Credit Salary

5 - 13 years exp. (20 salaries)

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₹14.2 L/yr - ₹22 L/yr

arrow icon 9% less
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₹13.4 L/yr - ₹19 L/yr

arrow icon 17% less
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Bandhan Bank Senior Manager Credit Salary

5 - 9 years exp. (15 salaries)

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₹11.2 L/yr - ₹20.9 L/yr

arrow icon 26% less
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Federal Bank Senior Manager Credit Salary

8 - 14 years exp. (13 salaries)

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₹17.3 L/yr - ₹26 L/yr

arrow icon 10% more
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₹14.5 L/yr - ₹22 L/yr

arrow icon 11% less
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IDBI Bank Senior Manager Credit Salary

6 - 12 years exp. (5 salaries)

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₹14 L/yr - ₹22.7 L/yr

arrow icon 20% less
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₹5.2 L/yr - ₹13 L/yr

arrow icon 57% less
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Corporation Bank Senior Manager Credit Salary

10 - 17 years exp. (5 salaries)

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₹14.4 L/yr - ₹22.3 L/yr

arrow icon 5% less
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Allahabad Bank Senior Manager Credit Salary

6 - 24 years exp. (4 salaries)

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₹12.3 L/yr - ₹18 L/yr

arrow icon 23% less
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₹8.2 L/yr - ₹15.3 L/yr

arrow icon 46% less
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Deutsche Bank Senior Manager Credit Salary

9 - 15 years exp. (4 salaries)

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₹18 L/yr - ₹26.3 L/yr

arrow icon 8% less
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UCO Bank Senior Manager Credit Salary

10 - 13 years exp. (4 salaries)

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₹12 L/yr - ₹24.4 L/yr

arrow icon 14% less
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Indian Overseas Bank Senior Manager Credit salaries by

Years of experience Avg. annual salary
9 years (AmbitionBox Estimate)

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₹18.3 L/yr - ₹23.4 L/yr
10 years (AmbitionBox Estimate)

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₹18.3 L/yr - ₹23.4 L/yr
11 years  (3 salaries)

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₹17 L/yr - ₹25 L/yr
12 years (AmbitionBox Estimate)

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₹18.3 L/yr - ₹23.4 L/yr
13 years (AmbitionBox Estimate)

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₹18.3 L/yr - ₹23.4 L/yr

Similar Designation Salaries at Indian Overseas Bank

Similar Designation Avg. annual salary
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₹11 L/yr - ₹17 L/yr

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₹10 L/yr - ₹15.6 L/yr

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₹17 L/yr - ₹40 L/yr

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₹7 L/yr - ₹22 L/yr

Senior Associate Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4.1 L/yr

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₹10 L/yr - ₹18 L/yr

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₹3 L/yr - ₹14.1 L/yr

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₹24 L/yr - ₹25 L/yr

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₹14 L/yr - ₹22 L/yr

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₹16 L/yr - ₹20 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
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No Salary Discussion in My Appraisal — What’s Your Experience?
In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?
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Salary related reviews for Indian Overseas Bank

4.0

Rated by 2 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  updated on 10 Jun 2024

4.0
 for  Salary and Benefits

Likes

Salary at par and comes on time and some sense of job security.

  • Salary - Good
  • +1 more

Dislikes

Arguably one of the worst HR policies in PSBs, Where transfer postings are thoroughly weaponised, every now and then threats for transfer to 'Deep South' is reiterated to employees. No work life balance at all.

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  updated on 13 Apr 2025

4.0
 for  Salary and Benefits

Likes

It provides job security, salary is fairly good

  • Salary - Good
  • +1 more

Dislikes

Work culture is toxic, No focused targets, The training programs are equally worthless and irrelevant to your profile. Promotions are not that transparent and performance has minimal impact. Transfer policy is not good

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  updated on 01 May 2025

2.0
 for  Salary and Benefits

Likes

Nothing

  • Job security - Good

Dislikes

...ers who know nothing and have been given the responsibility of managing branch..salary not at par with the growing inflation. Inappropriate people who misuse their power and position..constant threats of transfer.. If you work in iob, then forget that you have any family..work for your ownself only..

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  updated on 08 Sep 2023

1.0
 for  Salary and Benefits

Likes

Nothing to like, before joining i thought it will be my best decision but i regret.

Dislikes

... leave were cancelled and converted into Loss of Pay with retrospective effect. The bank ks extremely toxic, doesn’t want staff to grow, extreme level of politics in transfer and salary payments unlike other govt banks where they have transparency in salary payments. The bank is not following the IBA guidelines and suppressing the voice of employee who tries to expose their cunning behaviour. Newly joined POs are not left untouched from this blood boiling frustration, they are treated like Bonded Labours , I request if anyone who has just cleared IBPS to not even think of joining this pathetic bank in the rarest of their dreams, we are stuck here we don’t have any other way to have peace owning to our family responsibilities now. I hope the bank gets private asap so that at least some heed is paid to improve the pathetic condition of the management of Indian Overseas Bank (IOB).

read more
  • Salary - Bad
  • +6 more

BFSI, Investments & Trading Department

5.0
  •  updated on 08 Jun 2020

3.0
 for  Salary and Benefits

Likes

Thermal Screening Availability of hand sanitizer in office Social Distancing Job Rotation & Work from home as per State Govt Guidelines Timely Salary as usual Monetary compensation to purchase Covid related material like mask, sanitizer etc.

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Salary is less as compared to workload

see more salary related reviews

Indian Overseas Bank Senior Manager Credit Salary FAQs

What is the salary of Senior Manager Credit at Indian Overseas Bank ?
The average salary of a Senior Manager Credit at Indian Overseas Bank in India typically ranges from ₹17.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 9 years to 13 years).

The top 10% of Senior Manager Credit at Indian Overseas Bank earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Senior Manager Credit Salaries at Indian Overseas Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 7 Indian Overseas Bank employees in India.
What is the estimated take home salary of a Senior Manager Credit at Indian Overseas Bank in India?
The estimated take-home salary of a Senior Manager Credit at Indian Overseas Bank in India typically ranges from ₹1,33,470 to ₹1,38,368 per month. This is based on the average salary range of ₹17.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 9 years to 13 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 7 salaries received from various employees of Indian Overseas Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Indian Overseas Bank for Senior Manager Credit in India?
Standard Chartered ₹20.8 Lakhs to ₹38.8 Lakhs per year
Federal Bank ₹17.3 Lakhs to ₹26.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Overseas Bank, depending on the role and experience level.
What is the salary of a Senior Manager Credit in companies similar to Indian Overseas Bank in India?
The salary of a Senior Manager Credit at companies similar to Indian Overseas Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India ₹15.3 Lakhs to ₹26.2 Lakhs per year
Corporation Bank ₹14.4 Lakhs to ₹22.3 Lakhs per year
Deutsche Bank ₹18.0 Lakhs to ₹26.3 Lakhs per year
Indian Bank ₹14.2 Lakhs to ₹22.0 Lakhs per year
Central Bank of India ₹14.5 Lakhs to ₹22.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Senior Manager Credit at Indian Overseas Bank in India?
The salary growth for a Senior Manager Credit at Indian Overseas Bank depends on factors such as experience, performance, and promotions. On average, a Senior Manager Credit can expect the following growth trajectory at Indian Overseas Bank:

Experience Average Salary Range
9 years ₹18.3 Lakhs to ₹23.4 Lakhs per year
10 years ₹18.3 Lakhs to ₹23.4 Lakhs per year
11 years ₹17.0 Lakhs to ₹25.0 Lakhs per year
12 years ₹18.3 Lakhs to ₹23.4 Lakhs per year
and so on.

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Indian Overseas Bank Senior Manager Credit salary in India ranges between ₹17 Lakhs to ₹25 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Indian Overseas Bank latest salaries received from various employees of Indian Overseas Bank.