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Federal Bank Relationship Manager salaries in Mumbai

Annual salary range
0 - 4 years exp.
₹2 Lakhs - ₹3.7 Lakhs
Salary of majority employees
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39% less than the average Relationship Manager Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting
Relationship Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹4 L/yr

Marketing & Communication
Relationship Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹2.8 L/yr - ₹4.5 L/yr

Sales & Business Development
Relationship Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.9 L/yr

Last Updated: 23 Nov 2023

Companies similar to Federal Bank for Relationship Manager in Mumbai

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Federal Bank Relationship Manager Salary

0 - 4 years exp. (5 salaries)

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₹2 L/yr - ₹3.7 L/yr

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Company name Avg Annual Salary Open Jobs
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ICICI Bank Relationship Manager Salary

0 - 19 years exp. (1.9k salaries)

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₹3.1 L/yr - ₹11.5 L/yr

arrow icon 149% more
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HDFC Bank Relationship Manager Salary

0 - 15 years exp. (825 salaries)

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₹2.4 L/yr - ₹13 L/yr

arrow icon 129% more
65 job openings
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Kotak Mahindra Bank Relationship Manager Salary

0 - 12 years exp. (459 salaries)

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₹1.8 L/yr - ₹10 L/yr

arrow icon 85% more
5 job openings
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IndusInd Bank Relationship Manager Salary

0 - 15 years exp. (216 salaries)

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₹3.5 L/yr - ₹13.7 L/yr

arrow icon 166% more
144 job openings
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Axis Bank Relationship Manager Salary

0 - 15 years exp. (196 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 143% more
5 job openings
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RBL Bank Relationship Manager Salary

0 - 10 years exp. (191 salaries)

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₹2 L/yr - ₹7.5 L/yr

arrow icon 43% more
7 job openings
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Yes Bank Relationship Manager Salary

0 - 13 years exp. (155 salaries)

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₹3.3 L/yr - ₹14.6 L/yr

arrow icon 154% more
11 job openings
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IDFC FIRST Bank Relationship Manager Salary

0 - 13 years exp. (100 salaries)

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₹2.7 L/yr - ₹12.1 L/yr

arrow icon 122% more
5 job openings
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Standard Chartered Relationship Manager Salary

1 - 12 years exp. (97 salaries)

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₹4 L/yr - ₹15.9 L/yr

arrow icon 191% more
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₹2.5 L/yr - ₹6.3 L/yr

arrow icon 27% more
3 job openings
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Bandhan Bank Relationship Manager Salary

0 - 6 years exp. (16 salaries)

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₹1.9 L/yr - ₹6.9 L/yr

arrow icon 53% more
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₹3.2 L/yr - ₹8 L/yr

arrow icon 63% more
1 job opening
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IDBI Bank Relationship Manager Salary

1 - 10 years exp. (6 salaries)

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₹11.5 L/yr - ₹22 L/yr

arrow icon 330% more
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₹29.3 L/yr - ₹35 L/yr

arrow icon 934% more
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Karur Vysya Bank Relationship Manager Salary

1 - 10 years exp. (3 salaries)

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₹6 L/yr - ₹7.5 L/yr

arrow icon 96% more
2 job openings
Relationship Manager salary at Federal Bank ranges between ₹2 Lakhs to ₹3.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Relationship Manager in Mumbai

1y ago
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2 months exp.

Experience wise Federal Bank Relationship Manager salaries in Mumbai

Last Updated: 23 Nov 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr

Similar Designation salaries in Federal Bank

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₹15 L/yr - ₹16 L/yr
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₹4.5 L/yr - ₹13 L/yr

Top skills at Federal Bank for Relationship Manager

KYC English Language Risk Management Anti Money Laundering Fraud Detection Banking

Salary related reviews for Federal Bank

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 25 Dec 2024

2.0
 for  Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

read more

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 29 May 2022

4.0
 for  Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

read more
  • Salary - Good
  • +3 more

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 05 Feb 2025

5.0
 for  Salary and Benefits

Likes

... consideration for posting based on personal issues. Opportunities for learning. Salary is at par with nationalised banks. Offers good job security.

read more
  • Salary - Excellent
  • +5 more

Dislikes

The promotion process is subject to bias. Hands on training for new recruits can be improved.

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 24 Nov 2024

5.0
 for  Salary and Benefits

Likes

Pay scale is good, less Pressure,

  • Salary - Excellent
  • +3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

read more
  • Skill development - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Only salary and perks are good

  • Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

read more
  • Skill development - Bad
  • +4 more
see more salary related reviews

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Federal Bank Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Federal Bank in Mumbai?
The average salary of a Relationship Manager at Federal Bank in Mumbai typically ranges from ₹2.0 Lakhs to ₹3.7 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Relationship Manager in Mumbai at Federal Bank earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Relationship Manager Salaries at Federal 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 5 Federal Bank employees in India.
What is the estimated take home salary of a Relationship Manager at Federal Bank in Mumbai?
The estimated take-home salary of a Relationship Manager at Federal Bank in Mumbai typically ranges from ₹23,293 to ₹24,757 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.7 Lakhs per year for employees with experience ranging from Fresher to 4 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 5 salaries received from various employees of Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Relationship Manager at Federal Bank in Mumbai?
To be a Relationship Manager at Federal Bank in Mumbai, the key skills required include:

  • - KYC
  • - English Language
  • - Risk Management
  • - Anti Money Laundering
  • - Fraud Detection

These skills are highly valued at Federal Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Federal Bank for Relationship Manager in India?
HSBC Global Banking and Markets ₹29.3 Lakhs to ₹35.0 Lakhs per year
IDBI Bank ₹11.5 Lakhs to ₹22.0 Lakhs per year
Standard Chartered ₹4.0 Lakhs to ₹15.9 Lakhs per year
IndusInd Bank ₹3.5 Lakhs to ₹13.7 Lakhs per year
Yes Bank ₹3.3 Lakhs to ₹14.6 Lakhs per year

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

ICICI Bank ₹3.1 Lakhs to ₹11.5 Lakhs per year
Axis Bank ₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Bank ₹2.4 Lakhs to ₹13.0 Lakhs per year
IDFC FIRST Bank ₹2.7 Lakhs to ₹12.1 Lakhs per year
Karur Vysya Bank ₹6.0 Lakhs to ₹7.5 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 Relationship Manager at Federal Bank in Mumbai?
The salary growth for a Relationship Manager at Federal Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Mumbai can expect the following growth trajectory at Federal Bank:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹3.2 Lakhs per year
1 year ₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years ₹3.1 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

Federal Bank Relationship Manager salary in Mumbai ranges between ₹2 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Federal Bank latest salaries received from various employees of Federal Bank.