Merchant Relationship Manager

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Merchant Relationship Manager Salary in India (Updated 2025)

based on 166 latest salaries • updated: 9 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹3 Lakhs - ₹11 Lakhs

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Merchant Relationship Manager Salary in India ranges between ₹3 Lakhs to ₹11 Lakhs for 3 years of experience to 13 years of experience. Salary estimates are based on 166 latest salaries received from Merchant Relationship... Read More

Latest annual salaries shared by Merchant Relationship Managers

1w ago

SBI Payment Services

Merchant Relationship Manager

5 years exp.

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1w ago

SBI Payment Services

Merchant Relationship Manager

9 years exp.

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3w ago

Kotak Mahindra Bank

Merchant Relationship Manager

10 years exp.

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1mo ago

Yes Bank

Merchant Relationship Manager

7 years exp.

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2mo ago

Pine Labs

Merchant Relationship Manager

4 years exp.

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3mo ago

SBI Payment Services

Merchant Relationship Manager

5 years exp.

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3mo ago

HDFC Bank

Merchant Relationship Manager

10 years exp.

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4mo ago

Handfab Home

Merchant Relationship Manager

4 years exp.

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4mo ago

HDFC Bank

Merchant Relationship Manager

12 years exp.

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4mo ago

HDFC Bank

Merchant Relationship Manager

7 years exp.

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View all latest salaries

Merchant Relationship Manager salaries by

Years of experience Avg. annual salary
3 years
(1 salaries)
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₹2.2 L/yr - ₹2.2 L/yr

4 years
(9 salaries)
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₹2.5 L/yr - ₹8.8 L/yr

5 years
(10 salaries)
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₹0.2 L/yr - ₹9.3 L/yr

6 years
(4 salaries)
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₹5 L/yr - ₹11.3 L/yr

7 years
(21 salaries)
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₹4 L/yr - ₹9.2 L/yr

View all salaries by experience

Similar Designation Salary

Similar Designation Avg. annual salary
Relationship Manager Salary
1 - 8 years exp.
(81k salaries)
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₹2.1 L/yr - ₹8 L/yr

Assistant Sales Manager Salary
2 - 13 years exp.
(28.9k salaries)
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₹2.5 L/yr - ₹12.4 L/yr

Area Sales Manager Salary
4 - 16 years exp.
(1.1L salaries)
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₹3.3 L/yr - ₹18 L/yr

Regional Manager Salary
6 - 21 years exp.
(20.8k salaries)
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₹4.8 L/yr - ₹30 L/yr

Area Business Manager Salary
5 - 16 years exp.
(14.1k salaries)
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₹3.6 L/yr - ₹16.6 L/yr

View more similar designations

Merchant Relationship Manager Salary By Locations

Locations Avg. annual salary
Mumbai
Merchant Relationship Manager
4 - 13 years exp.
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₹2.5 L/yr - ₹11 L/yr

New Delhi
Merchant Relationship Manager
6 - 11 years exp.
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₹5 L/yr - ₹11 L/yr

Chennai
Merchant Relationship Manager
4 - 13 years exp.
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₹3 L/yr - ₹10.5 L/yr

Bangalore / Bengaluru
Merchant Relationship Manager
4 - 11 years exp.
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₹3.3 L/yr - ₹9.3 L/yr

Pune
Merchant Relationship Manager
4 - 9 years exp.
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₹8.4 L/yr - ₹12.5 L/yr

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Merchant Relationship Manager Salary By Industries

Industries Avg. annual salary

Financial Services

Merchant Relationship Manager
4 - 13 years exp.
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₹3 L/yr - ₹11 L/yr

Banking

Merchant Relationship Manager
6 - 13 years exp.
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₹5.3 L/yr - ₹11 L/yr

NBFC

Merchant Relationship Manager
7 - 13 years exp.
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₹5.5 L/yr - ₹11 L/yr

Media & Entertainment / Publishing

Merchant Relationship Manager
7 - 13 years exp.
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₹5.5 L/yr - ₹11 L/yr

Insurance

Merchant Relationship Manager
7 - 13 years exp.
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₹5.8 L/yr - ₹11 L/yr

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Frequently Asked Questions (FAQS) about Merchant Relationship Manager Salaries

What is the salary of a Merchant Relationship Manager in India?
The salary of a Merchant Relationship Manager in India varies based on experience, location, company & Industry. On average, Merchant Relationship Manager salaries ranges from ₹3.0 Lakhs to ₹11.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹3.0 Lakhs to ₹11.0 Lakhs per year, with the highest salary reaching ₹7.5 Lakhs to ₹12.5 Lakhs per year. Salary estimates are based on 166 salaries received from various Merchant Relationship Managers across industries.
What are the top paying companies that employ Merchant Relationship Managers?
Merchant Relationship Manager Salaries at Top paying companies in India are
Yes Bank Merchant Relationship Manager Salary ₹7.5 Lakhs to ₹12.5 Lakhs per year
HDFC Bank Merchant Relationship Manager Salary ₹5.5 Lakhs to ₹10.5 Lakhs per year
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
What are the top paying cities for Merchant Relationship Manager in India?
The annual salary for Merchant Relationship Manager in India varies by location. Top paying cities for Merchant Relationship Manager are
Merchant Relationship Manager Salary in Mumbai ₹2.5 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in New Delhi ₹5.0 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in Chennai ₹3.0 Lakhs to ₹10.5 Lakhs per year
Merchant Relationship Manager Salary in Bangalore / Bengaluru ₹3.3 Lakhs to ₹9.3 Lakhs per year
Merchant Relationship Manager Salary in Pune ₹8.4 Lakhs to ₹12.5 Lakhs per year
Salary expectations for Merchant Relationship Manager may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Merchant Relationship Manager in India?
Top 5 paying Industries for Merchant Relationship Manager in India are:
Merchant Relationship Manager Salary in Financial Services ₹3.0 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in Banking ₹5.3 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in NBFC ₹5.5 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in Media & Entertainment / Publishing ₹5.5 Lakhs to ₹11.0 Lakhs per year
Merchant Relationship Manager Salary in Insurance ₹5.8 Lakhs to ₹11.0 Lakhs per year
How does experience affect salaries of a Merchant Relationship Manager in India?
Experience significantly impacts a Merchant Relationship Manager salary in India. Salaries increase with experience, as Merchant Relationship Manager take on more complex tasks, responsibilities, and leadership roles. Merchant Relationship Manager salary at different experience level are as follows:
Experience Average Salary Range
3 years ₹2.2 Lakhs to ₹2.2 Lakhs per year
4 years ₹2.5 Lakhs to ₹8.8 Lakhs per year
5 years ₹0.2 Lakhs to ₹9.3 Lakhs per year
6 years ₹5.0 Lakhs to ₹11.3 Lakhs per year
and so on.

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