HDFC Bank Mumbai Channel Manager Salaries by 40+ Employees (Updated 2025)

2 - 14 years exp.

₹4.5 Lakhs - ₹16.5 Lakhs

Salary of majority employees

Fixed (94%)

₹8.6 Lakhs

Variable (6%)

₹0.6 Lakh

5% more than the average Channel Manager Salary in Banking Companies for 2 - 14 years of experience

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Salaries in different departments

Product Management Channel Manager Salary 2 - 14 years exp. (16 salaries)	₹5.5 L/yr - ₹15.4 L/yr
BFSI, Investments & Trading Channel Manager Salary 2 - 10 years exp. (7 salaries)	₹6 L/yr - ₹8.9 L/yr
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Sales & Business Development Channel Manager Salary 3 - 14 years exp. (7 salaries)	₹5 L/yr - ₹10.1 L/yr
Customer Success, Service & Operations Channel Manager Salary 4 - 11 years exp. (6 salaries)	₹6.5 L/yr - ₹9.9 L/yr
Data Science & Analytics Channel Manager Salary 9 - 12 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹10.5 L/yr

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Last Updated: 8 Mar 2025

Companies similar to HDFC Bank for Channel Manager in Mumbai

HDFC Bank Channel Manager Salary

2 - 14 years exp. (42 salaries)

₹4.5 L/yr - ₹16.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Channel Manager Salary 1 - 8 years exp. (23 salaries)	₹2 L/yr - ₹5 L/yr 48% less
Yes Bank Channel Manager Salary 8 - 17 years exp. (14 salaries)	₹3.9 L/yr - ₹16.1 L/yr 1% more
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Axis Bank Channel Manager Salary 0 - 15 years exp. (12 salaries)	₹9 L/yr - ₹28 L/yr 81% more
ICICI Bank Channel Manager Salary 3 - 21 years exp. (10 salaries)	₹6.5 L/yr - ₹25 L/yr 59% more
RBL Bank Channel Manager Salary 4 - 9 years exp. (6 salaries)	₹7 L/yr - ₹10 L/yr 14% less
Kotak Mahindra Bank Channel Manager Salary 0 - 14 years exp. (6 salaries)	₹4.6 L/yr - ₹11.8 L/yr 12% more
Utkarsh Small Finance Bank Channel Manager Salary 7 - 9 years exp. (3 salaries)	₹8 L/yr - ₹11.2 L/yr At par

Channel Manager salary at HDFC Bank ranges between ₹4.5 Lakhs to ₹16.5 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 42 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Channel Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹6 L/yr - ₹14.6 L/yr
3 years (4 salaries)	₹5 L/yr - ₹9.1 L/yr
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4 years (4 salaries)	₹6.5 L/yr - ₹13.5 L/yr
5 years (5 salaries)	₹6 L/yr - ₹13.5 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹15.9 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹16.2 L/yr
8 years (AmbitionBox Estimate)	₹7 L/yr - ₹16.5 L/yr
9 years (6 salaries)	₹6.3 L/yr - ₹15.6 L/yr
10 years (5 salaries)	₹7 L/yr - ₹14.5 L/yr
11 years (3 salaries)	₹8.5 L/yr - ₹10.5 L/yr
12 years (4 salaries)	₹7.4 L/yr - ₹15.5 L/yr
13 years (3 salaries)	₹6.8 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)	₹9 L/yr - ₹12 L/yr

View all

Similar Designation salaries in HDFC Bank

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(3.6k salaries)

₹2 L/yr - ₹10 L/yr

Sales Manager Salary

(564 salaries)

₹3.5 L/yr - ₹13 L/yr

Marketing Manager Salary

(48 salaries)

₹8 L/yr - ₹24.66 L/yr

Area Sales Manager Salary

(30 salaries)

₹9 L/yr - ₹24.25 L/yr

Business Manager Salary

(3 salaries)

₹5.45 L/yr - ₹9 L/yr

Area Manager Salary

(3 salaries)

₹11 L/yr - ₹19.5 L/yr

Top skills at HDFC Bank for Channel Manager

channel management Relationship Building Sales Banking Presentation Skills ibm director Aircraft Handling Interpersonal Skills Beverage Team Handling Finance bfsi Data Analytics Dreamweaver Cross Selling

Salary related reviews for HDFC Bank

3.0

Rated by 2 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 25 Mar 2025

2.0

for Salary and Benefits

Likes

Don't have anything to like here

Dislikes

No Work life balance here No opportunity for skill development. No proper salary hike If you and family suffering from anything and u not providing proper productivity due any issue then don't have job security.

Salary - Poor

+5 more

Deputy Manager in Guwahati (working remotely)

Full Time

Sales & Business Development Department

3.0

• posted on 09 Feb 2025

2.0

for Salary and Benefits

Likes

1.Good brand value in market. 2.Variety of products.

Skill development - Good

+1 more

Dislikes

1. They demands multiple products to sell at same time. 2. Senior managers are taking very high salary with less productive and ideas and they just do 2-3 hrs concall with staffs every day. 3. Unwanted pressure on so many things.

Salary - Poor

+1 more

Sales Manager in Aurangabad

Full Time

Sales & Business Development Department

4.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Product, customer trust on bank and it's help you to work in bank , office collogue help for you work time , internal job switch option available and job security only on your performance.

Job security - Good

+1 more

Dislikes

As per work not provide the salary and time to time change the product and sales targets , with out intimation and taken consent the role and work , promotion not depends on you it's totally depends on the supervisor and higher supervisor if they want to give you pramotion for not.

Salary - Poor

+1 more

Sales Executive in Jabalpur (working remotely)

Full Time

Finance & Accounting Department

5.0

• posted on 06 Feb 2025

5.0

for Salary and Benefits

Likes

strong brand reputation, dynamic work environment, excellent learning and development opportunities, supportive culture, focus on customer service, good career growth prospects, competitive compensation, and the ability to develop strong sales and financial management skills

Salary - Excellent

+6 more

Dislikes

SALARY ISSUE

Sales Manager in Vijayawada

Full Time

Sales & Business Development Department

5.0

• posted on 04 Jan 2025

4.0

for Salary and Benefits

Likes

strong brand reputation, good learning and development opportunities, a supportive work culture with helpful colleagues, competitive salary and incentives, and the potential for career growth within the organization

Salary - Good

+6 more

Dislikes

Some challenges include high work pressure,

see more salary related reviews

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What people are saying about HDFC Bank

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Can someone advice whether I should join HDFC Bank with almost Half CTC or Teleperformance (TP), a BPO with Double CTC? Job Role: Inbound Customer Support. Factors: WFH: TP ✅️ HDFC ❌️ Location: HDFC - New Delhi, TP - Noida Team Handling: HDFC - Individual role. TP - Team Leader Team Handling: HDFC ❌️ TP ✅️ Working Days: HDFC - 6. TP - 5 Customer Base: HDFC - Indian, TP - USA

Which Organisation to Join? Please provide reason(s) or if you have any suggestion.

HDFC Bank

Teleperformance

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HDFC Bank Channel Manager Salary FAQs

What is the salary of Channel Manager at HDFC Bank in Mumbai?

The average salary of a Channel Manager at HDFC Bank in Mumbai typically ranges from ₹4.5 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 2 years to 14 years).

The top 10% of Channel Manager in Mumbai at HDFC Bank earn more than ₹13.8 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Channel Manager Salaries at HDFC 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 40+ HDFC Bank employees in India.

What is the estimated take home salary of a Channel Manager at HDFC Bank in Mumbai?

The estimated take-home salary of a Channel Manager at HDFC Bank in Mumbai typically ranges from ₹66,594 to ₹68,297 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 2 years to 14 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 40+ salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Channel Manager at HDFC Bank in Mumbai?

To be a Channel Manager at HDFC Bank in Mumbai, the key skills required include:

- channel management
- Relationship Building
- Sales
- Banking
- Presentation Skills

These skills are highly valued at HDFC Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Bank for Channel Manager in India?

Axis Bank	₹9.0 Lakhs to ₹28.0 Lakhs per year
ICICI Bank	₹6.5 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindra Bank	₹4.6 Lakhs to ₹11.8 Lakhs per year
Yes Bank	₹3.9 Lakhs to ₹16.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Bank, depending on the role and experience level.

What is the salary of a Channel Manager in companies similar to HDFC Bank in Mumbai?

The salary of a Channel Manager at companies similar to HDFC Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Utkarsh Small Finance Bank	₹8.0 Lakhs to ₹11.2 Lakhs per year
RBL Bank	₹7.0 Lakhs to ₹10.0 Lakhs per year
IDFC FIRST Bank	₹2.0 Lakhs to ₹5.0 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 Channel Manager at HDFC Bank in Mumbai?

The salary growth for a Channel Manager at HDFC Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Channel Manager in Mumbai can expect the following growth trajectory at HDFC Bank:

Experience	Average Salary Range
2 years	₹6.0 Lakhs to ₹14.6 Lakhs per year
3 years	₹5.0 Lakhs to ₹9.1 Lakhs per year
4 years	₹6.5 Lakhs to ₹13.5 Lakhs per year
5 years	₹6.0 Lakhs to ₹13.5 Lakhs per year

and so on.

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HDFC Bank Channel Manager Salaries in Mumbai

HDFC Bank Channel Manager salary in Mumbai ranges between ₹4.5 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 HDFC Bank latest salaries received from various employees of HDFC Bank.