Merchant Relationship Manager
Annual salary range
₹2.5 Lakhs - ₹10.9 Lakhs
Moderate Confidence 
Moderate Confidence means the data is based on a sufficient number of latest salaries.
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Filter salaries byMerchant Relationship Manager Salary in Mumbai
based on 23
latest salaries
• updated:
1 Sep 2023
Select an experience to get the exact salary
Salary of majority employees
Merchant Relationship Manager Salary in Mumbai ranges between ₹2.5 Lakhs to ₹10.9 Lakhs for 3 years of experience to 12 years of experience. Salary estimates are based on 23 latest salaries received from Merchant Relationship...
Read More
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
5 -
13
yrs
exp.
.
Mumbai
(18 salaries)
|
₹5.3 L/yr - ₹11 L/yr | |
8 -
10
yrs
exp.
.
Mumbai
(3 salaries)
|
₹7.5 L/yr - ₹10.8 L/yr | |
Login to view exact salary
| ||
2 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹1.8 L/yr - ₹2.5 L/yr | |
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹7.9 L/yr - ₹10.1 L/yr | |
8 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹6.8 L/yr - ₹8.6 L/yr | |
8 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.2 L/yr - ₹2.8 L/yr | |
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹4.8 L/yr - ₹6.1 L/yr | |
Latest annual salaries shared by Merchant Relationship Managers
1w ago
SBI Payment Services
Merchant Relationship Manager
5 years exp.
1w ago
SBI Payment Services
Merchant Relationship Manager
9 years exp.
3w ago
Kotak Mahindra Bank
Merchant Relationship Manager
10 years exp.
1mo ago
Yes Bank
Merchant Relationship Manager
7 years exp.
2mo ago
Pine Labs
Merchant Relationship Manager
4 years exp.
3mo ago
SBI Payment Services
Merchant Relationship Manager
5 years exp.
3mo ago
HDFC Bank
Merchant Relationship Manager
10 years exp.
4mo ago
Handfab Home
Merchant Relationship Manager
4 years exp.
4mo ago
HDFC Bank
Merchant Relationship Manager
12 years exp.
4mo ago
HDFC Bank
Merchant Relationship Manager
7 years exp.
View all latest salaries
Merchant Relationship Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
3
years
(1
salaries)
|  ₹2.5 L/yr - ₹2.5 L/yr |
4
years
(1
salaries)
| ₹2.5 L/yr - ₹2.5 L/yr |
Login to view exact salary
| |
5
years
(6
salaries)
| ₹5.3 L/yr - ₹10.5 L/yr |
6
years
(1
salaries)
| ₹5.3 L/yr - ₹5.3 L/yr |
7
years
(2
salaries)
| ₹5.3 L/yr - ₹7 L/yr |
View all salaries by experience
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Relationship Manager Salary
1 -
8
years
exp.
(9.7k salaries)
| ₹2.2 L/yr - ₹10 L/yr |
Assistant Sales Manager Salary
2 -
13
years
exp.
(2.9k salaries)
| ₹3 L/yr - ₹13.1 L/yr |
Login to view exact salary
| |
Area Sales Manager Salary
4 -
16
years
exp.
(7.2k salaries)
| ₹3.9 L/yr - ₹20.3 L/yr |
Regional Manager Salary
6 -
21
years
exp.
(1.9k salaries)
| ₹5.5 L/yr - ₹39 L/yr |
Area Business Manager Salary
5 -
16
years
exp.
(1.1k salaries)
| ₹4 L/yr - ₹19.4 L/yr |
View more similar designations
Salary related reviews by similar designations like Merchant Relationship Manager
HDFC Bank
Branch Manager in Sindhudurg
• posted on 13 Feb 2025
Likes
Good culture and great work to place
- Salary - Excellent
+6 more
Dislikes
Vintage staff not getting salary correction as per market otherwise many left the service. Need to thing on salary revision of more than 10 year vintage staff. I am observing this since last 13 year and working on smaller package.
read moreHDFC Bank
Branch Manager in Hyderabad / Secunderabad
• posted on 03 Jul 2023
Likes
**Training on each service or product initiatives. **50-60% business comes because of brand value. ** Unlike poor % salary hikes, bonus amount is better. **Employee Recruitment Bonus(bonus will get apply on only RM,BM,Auth,Bsm,Ch,ZH roles).
read more- Skill development - Excellent
+4 more
Dislikes
*Multiple Concalls and reviews. *Micro monitoring on internal data(mostly useless) contactibility. *Poor appraisal growth(Although bonus is better). *Far distanced branches for male employees. *HR team are close to useless. *Recruitment is always an issue...Hr expects we only need to send candidates.
read moreHDFC Bank
Branch Manager in Ahmedabad
• posted on 05 Mar 2024
Likes
Brand name and competitive as compared to other banks
- Job security - Good
Dislikes
... able to finish ur work. Sales pressure is too much. End up losing mental peace. Salary of 2 employees at same level differs a lot. Appraisal hike is equal to peanuts compared to the work
read more- Skill development - Poor
+2 more
HDFC Bank
Relationship Manager in Mumbai
• posted on 22 Feb 2025
Likes
I like because of international trip and some time getting incentive
- Job security - Good
Dislikes
No promotion and lots of politics and no salary increment
Merchant Relationship Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Merchant Relationship Manager
3 -
11
years
exp.
| ₹5 L/yr - ₹11 L/yr |
Bangalore / Bengaluru
Merchant Relationship Manager
3 -
11
years
exp.
| ₹4.2 L/yr - ₹9 L/yr |
Login to view exact salary
| |
Chennai
Merchant Relationship Manager
4 -
12
years
exp.
| ₹3 L/yr - ₹10.5 L/yr |
Bhopal
Merchant Relationship Manager
5 -
11
years
exp.
| ₹6.6 L/yr - ₹11.3 L/yr |
Thiruvananthapuram
Merchant Relationship Manager
5 -
11
years
exp.
| ₹5.1 L/yr - ₹9.5 L/yr |
View More
Merchant Relationship Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Merchant Relationship Manager
3 -
12
years
exp.
| ₹3.7 L/yr - ₹10.9 L/yr |
Banking Merchant Relationship Manager
3 -
12
years
exp.
| ₹4 L/yr - ₹11 L/yr |
Login to view exact salary
| |
NBFC Merchant Relationship Manager
3 -
12
years
exp.
| ₹4.8 L/yr - ₹10.5 L/yr |
Media & Entertainment / Publishing Merchant Relationship Manager
3 -
12
years
exp.
| ₹4.9 L/yr - ₹10.5 L/yr |
Insurance Merchant Relationship Manager
3 -
12
years
exp.
| ₹4.9 L/yr - ₹10.5 L/yr |
View More
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 ₹2.5 Lakhs to ₹10.9 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.5 Lakhs to ₹10.9 Lakhs per year, with the highest salary reaching ₹7.5 Lakhs to ₹12.5 Lakhs per year. Salary estimates are based on 23 salaries received from various Merchant Relationship Managers across industries.
The average starting salary is around ₹2.5 Lakhs to ₹10.9 Lakhs per year, with the highest salary reaching ₹7.5 Lakhs to ₹12.5 Lakhs per year. Salary estimates are based on 23 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
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| 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 ₹11 Lakhs per year |
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
Salary expectations for Merchant Relationship Manager may vary based on job roles, experience, and specific employer requirements.
| Merchant Relationship Manager Salary in Jaipur | ₹3.0 Lakhs to ₹9.8 Lakhs per year |
| Merchant Relationship Manager Salary in Pune | ₹8.3 Lakhs to ₹12.5 Lakhs per year |
| Merchant Relationship Manager Salary in Bhopal | ₹6.6 Lakhs to ₹11.3 Lakhs per year |
| Merchant Relationship Manager Salary in Bangalore / Bengaluru | ₹4.2 Lakhs to ₹9.0 Lakhs per year |
| Merchant Relationship Manager Salary in New Delhi | ₹5.0 Lakhs to ₹11.0 Lakhs per year |
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 Banking / Insurance / Accounting | ₹7.5 Lakhs to ₹11.3 Lakhs per year |
| Merchant Relationship Manager Salary in Software Product | ₹3.0 Lakhs to ₹9.3 Lakhs per year |
| Merchant Relationship Manager Salary in Banking | ₹4.0 Lakhs to ₹11.0 Lakhs per year |
| Merchant Relationship Manager Salary in Media & Entertainment / Publishing | ₹4.9 Lakhs to ₹10.5 Lakhs per year |
| Merchant Relationship Manager Salary in Insurance | ₹4.9 Lakhs to ₹10.5 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:
and so on.
| Experience | Average Salary Range |
|---|---|
| 3 years | ₹2.5 Lakhs to ₹2.5 Lakhs per year |
| 4 years | ₹2.5 Lakhs to ₹2.5 Lakhs per year |
| 5 years | ₹5.3 Lakhs to ₹10.5 Lakhs per year |
| 6 years | ₹5.3 Lakhs to ₹5.3 Lakhs per year |
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