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Tamilnad Mercantile Bank

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based on 113 Reviews

HQ - Chennai, Tamil Nadu, India Banking 1k-5k Employees (India) Financial Services
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Tamilnad Mercantile Bank Salaries in India

based on 452 latest salaries


Rated by 113 Employees for salary and benefits

Top Departments at Tamilnad Mercantile Bank
Designation Average Salary
Yearly arrow-down


Experience: 1 - 8 yrs (56 Salaries)
₹ 5,30,835/year

(₹2.4L/yr - ₹9.0L/yr)

Bank Clerk

Experience: 0 - 8 yrs (24 Salaries)
₹ 4,69,275/year

(₹3.0L/yr - ₹5.8L/yr)

Clerical Staff

Experience: 0 - 6 yrs (11 Salaries)
₹ 4,58,204/year

(₹3.7L/yr - ₹5.0L/yr)

Credit Manager

Experience: 8 - 12 yrs (7 Salaries)
₹ 14,00,000/year

(₹10.0L/yr - ₹18.0L/yr)

Accounts Clerk

Experience: 3 - 8 yrs (7 Salaries)
₹ 5,60,000/year

(₹4.5L/yr - ₹7.5L/yr)

Branch Head

Experience: 9 - 14 yrs (6 Salaries)
₹ 10,51,332/year

(₹7.1L/yr - ₹14.0L/yr)

Chief Manager

Experience: 18 - 28 yrs (6 Salaries)
₹ 10,68,696/year

(₹7.1L/yr - ₹15.8L/yr)

LAW Officer

Experience: 3 - 7 yrs (6 Salaries)
₹ 7,86,110/year

(₹7.2L/yr - ₹7.9L/yr)

Branch Manager

Experience: 7 - 12 yrs (6 Salaries)
₹ 13,50,083/year

(₹9.5L/yr - ₹17.5L/yr)

Customer Support Executive

Experience: 1 - 6 yrs (5 Salaries)
₹ 3,20,000/year

(₹1.8L/yr - ₹3.2L/yr)

Last Updated: 30 Sep, 2023

Tamilnad Mercantile Bank Salary FAQs

How much does Tamilnad Mercantile Bank pay per year?
The average Tamilnad Mercantile Bank salary ranges from approximately ₹1.3 Lakhs per year for a FSE to ₹14.8 Lakhs per year for a Senior Manager. Salary estimates are based on 452 Tamilnad Mercantile Bank salaries received from various employees of Tamilnad Mercantile Bank. Tamilnad Mercantile Bank employees rate the overall salary and benefits package 3.6/5 stars.
What is the highest salary in Tamilnad Mercantile Bank?
The highest-paying job at Tamilnad Mercantile Bank is a Senior Manager with a salary of ₹14.8 Lakhs per year. The top 10% of employees earn more than ₹14 lakhs per year. The top 1% earn more than a whopping ₹35 lakhs per year.
What is the minimum salary in Tamilnad Mercantile Bank?
Minimum salary at Tamilnad Mercantile Bank depends on the role you are applying for. For Clerical Staff the minimum salary is ₹4.6 Lakhs per year, for Bank Clerk the minimum salary is ₹4.7 Lakhs per year and so on.

Reviews which talk about salary at Tamilnad Mercantile Bank

Assistant Manager in Chennai

Full Time


Banking Operations Department

posted on 26 May 2022

3.0 for Salary and Benefits


Likes: Monthly salary payment in time. Note that no battas for Deputations/allowances are paid by the management or negligible expenses incurred is paid. So, you run on a loss if you are deputed to any other branch. Dislikes1/2: The work culture here is pathetic. The cross functional teams doesn't intend to work together. Instead, they have their own ways, that doesn't help the organization in anyway to grow together. Management is based from Virudhunagar/Sivakasi (TamilNadu) people only. So you could see lots of top executives working in the organization They are always elevated in their career path even though they do not have the right skill sets. Company policies are it's worst that even for a job change, you have to seek permission from HRD! Late sitting on daily basis even after finishing the designated works, no proper infrastructure in branches, lack in leaders, inefficient management as a whole. Job security is in a decreasing trend now. They either look out for opportunities to send you out on punishment like CRS/increment cuts or torture/fight with you in branches attempting to make a worst culture to exit the job.


Dislikes 2/2:There are a few hard working people within the company. With which the top executives live a comfortable life here. Training wouldn't be much constructive as they have many excel sheets available for working on credit operations. And even the credit underwritings manipulate the report according to manager's/top level management intention to sanction loans that led to many NPAs. Politics would be there in all the companies. No exception to this company as well. It's worse in this company. Work-Life balance at its worst because all days you'll need to work/late-sit at least till 2100hrs after starting your works from 0930hrs. Promotion is given to people who knows to do politics well enough. There's no innovation in their products/thinking. The company always would be lagging in terms of competitors. Last minute circulars or notifications that you can't execute the EOD operations until finishing an up-hill task withing the branch.

Work Details

Work days: Alternate Saturday off (Strict Timings)

Work related travel: This job involves Travel Within Country.

Assistant Manager in Hyderabad

Full Time


Bank Department

posted on 06 Apr 2018

4.0 for Salary and Benefits


Team effort, ready to work at any time, sincerity, customer satisfaction,


Good training Teammates or better to say as friends Salary ...good as compare to Industry Career growth...less chance Work environment...good Otherwise everything good...

Work Details

Work timings: Strict Timings

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Average annual salary in Tamilnad Mercantile Bank is INR 8.4 lakhs . Salary estimates are based on 452 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.