HDFC Bank Merchant Manager Salaries by 10+ Employees (Updated 2025)

10 - 15 years exp.

₹6.2 Lakhs - ₹12.8 Lakhs

Salary of majority employees

33% more than the average Merchant Manager Salary in Banking Companies for 10 - 15 years of experience

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Salaries in different departments

Sales & Business Development Merchant Manager Salary 11 - 15 years exp. (8 salaries)	₹9 L/yr - ₹12.8 L/yr
BFSI, Investments & Trading Merchant Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹10 L/yr
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Customer Success, Service & Operations Merchant Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹10.2 L/yr

Last Updated: 24 Jan 2025

Companies similar to HDFC Bank for Merchant Manager

Company name	Avg Annual Salary	Open Jobs
Airtel Payments Bank Merchant Manager Salary 1 - 8 years exp. (5 salaries)	₹2 L/yr - ₹7.2 L/yr 60% less
Indian Terrain Fashions Merchant Manager Salary 13 - 15 years exp. (3 salaries)	₹9.6 L/yr - ₹12 L/yr 8% more
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Insource Merchant Manager Salary 11 - 13 years exp. (3 salaries)	₹9 L/yr - ₹11.5 L/yr 4% more
Groupon Merchant Manager Salary 1 - 5 years exp. (3 salaries)	₹2.9 L/yr - ₹4.8 L/yr 57% less

Merchant Manager salary at HDFC Bank ranges between ₹6.2 Lakhs to ₹12.8 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 12 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Merchant Manager salaries

Last Updated: 24 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7 L/yr - ₹15.5 L/yr
11 years (3 salaries)	₹7 L/yr - ₹10.8 L/yr
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12 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹16.9 L/yr
13 years (3 salaries)	₹6.4 L/yr - ₹11 L/yr
14 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹12.8 L/yr
15+ years (AmbitionBox Estimate)	₹4.2 L/yr - ₹12.8 L/yr

View all

Similar Designation salaries in HDFC Bank

Sourcing Manager Salary

(4 salaries)

₹1.8 L/yr - ₹11 L/yr

Department Manager Salary

(28 salaries)

₹3.5 L/yr - ₹10.74 L/yr

Merchandiser Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Deputy Manager Salary

(15.1k salaries)

₹2 L/yr - ₹10.03 L/yr

Store Manager Salary

(8 salaries)

₹5.5 L/yr - ₹20 L/yr

Category Manager Salary

(5 salaries)

₹4.5 L/yr - ₹16 L/yr

Production Manager Salary

(19 salaries)

₹7.2 L/yr - ₹19.8 L/yr

Assistant Merchant Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Senior Merchandiser Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Visual Merchandiser Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Salary related reviews for HDFC Bank

5.0

Rated by 1 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 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

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

5.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

All are good job security, work life balance, Job satisfaction, Skills and knowledge development, these are all is good

Salary - Good

+6 more

Dislikes

Salary is not good. This company is a few things restricted to incentive and bonus and employee service not good. I am not satisfaction. These are all not good

Deputy Manager in Bhopal

Full Time

Sales & Business Development Department

2.0

• posted on 09 Oct 2024

2.0

for Salary and Benefits

Likes

Salary comes on time.

Dislikes

There is no one in the bank to explain And the ones that are old, new people treat them differently, & Timing is a big issue, like coming to the bank is on time but leaving is not fixed And there is a lot more to write but it cannot be completed in one line

Salary - Poor

+5 more

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HDFC Bank Merchant Manager Salary FAQs

What is the salary of Merchant Manager at HDFC Bank ?

The average salary of a Merchant Manager at HDFC Bank in India typically ranges from ₹6.2 Lakhs to ₹12.8 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Merchant Manager at HDFC Bank earn more than ₹12.8 Lakhs per year, and the top 1% earn over ₹12.8 Lakhs per year. Merchant 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 10+ HDFC Bank employees in India.

What is the estimated take home salary of a Merchant Manager at HDFC Bank in India?

The estimated take-home salary of a Merchant Manager at HDFC Bank in India typically ranges from ₹69,579 to ₹71,366 per month. This is based on the average salary range of ₹6.2 Lakhs to ₹12.8 Lakhs per year for employees with experience ranging from 10 years to 15 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 10+ salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Indian Terrain Fashions	₹9.6 Lakhs to ₹12.0 Lakhs per year
Insource	₹9.0 Lakhs to ₹11.5 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 Merchant Manager in companies similar to HDFC Bank in India?

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

Groupon	₹2.9 Lakhs to ₹4.8 Lakhs per year
Airtel Payments Bank	₹2.0 Lakhs to ₹7.2 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 Merchant Manager at HDFC Bank in India?

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

Experience	Average Salary Range
10 years	₹7.0 Lakhs to ₹15.5 Lakhs per year
11 years	₹7.0 Lakhs to ₹10.8 Lakhs per year
12 years	₹6.2 Lakhs to ₹16.9 Lakhs per year
13 years	₹6.4 Lakhs to ₹11.0 Lakhs per year

and so on.

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HDFC Bank Merchant Manager Salaries

HDFC Bank Merchant Manager salary in India ranges between ₹6.2 Lakhs to ₹12.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 HDFC Bank latest salaries received from various employees of HDFC Bank.