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HDFC Bank Product Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 14 years exp.
₹7 Lakhs - ₹25 Lakhs
Salary of majority employees
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Fixed (80%)
₹12.1 Lakhs
Variable (20%)
₹3.1 Lakhs
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26% less than the average Product Manager Salary in Banking Companies for 0 - 14 years of experience

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Salaries in different departments

Product Management
Product Manager Salary
0 - 14 years exp. (316 salaries)
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₹6.5 L/yr - ₹26 L/yr

BFSI, Investments & Trading
Product Manager Salary
0 - 14 years exp. (39 salaries)
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₹6.2 L/yr - ₹22.8 L/yr

Marketing & Communication
Product Manager Salary
1 - 8 years exp. (22 salaries)
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₹6 L/yr - ₹17 L/yr

Finance & Accounting
Product Manager Salary
0 - 11 years exp. (18 salaries)
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₹6 L/yr - ₹22.8 L/yr

Data Science & Analytics
Product Manager Salary
0 - 10 years exp. (10 salaries)
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₹6.6 L/yr - ₹14.5 L/yr

View all

Last Updated: 24 Mar 2025

Companies similar to HDFC Bank for Product Manager in Mumbai

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HDFC Bank Product Manager Salary

0 - 14 years exp. (621 salaries)

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₹7 L/yr - ₹25 L/yr

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

0 - 11 years exp. (2.1k salaries)

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₹7.5 L/yr - ₹27 L/yr

arrow icon 15% more
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Axis Bank Product Manager Salary

0 - 10 years exp. (440 salaries)

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₹7 L/yr - ₹27.2 L/yr

arrow icon 9% more
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Kotak Mahindra Bank Product Manager Salary

0 - 12 years exp. (425 salaries)

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₹6.5 L/yr - ₹25 L/yr

arrow icon 1% less
1 job opening
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IDFC FIRST Bank Product Manager Salary

0 - 7 years exp. (363 salaries)

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₹8.3 L/yr - ₹30 L/yr

arrow icon 26% more
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Yes Bank Product Manager Salary

0 - 10 years exp. (189 salaries)

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₹8.8 L/yr - ₹28 L/yr

arrow icon 23% more
2 job openings
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RBL Bank Product Manager Salary

1 - 7 years exp. (65 salaries)

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₹6.5 L/yr - ₹21.2 L/yr

arrow icon 19% less
1 job opening
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IndusInd Bank Product Manager Salary

0 - 10 years exp. (42 salaries)

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₹7.3 L/yr - ₹30.9 L/yr

arrow icon 18% more
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State Bank of India Product Manager Salary

2 - 10 years exp. (14 salaries)

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₹11 L/yr - ₹27 L/yr

arrow icon 53% more
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Federal Bank Product Manager Salary

1 - 9 years exp. (10 salaries)

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₹12 L/yr - ₹17 L/yr

arrow icon 10% more
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Shinhan Bank Product Manager Salary

5 - 14 years exp. (6 salaries)

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₹11 L/yr - ₹12.5 L/yr

arrow icon 23% less
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₹7.8 L/yr - ₹12.6 L/yr

arrow icon 31% less
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IDBI Bank Product Manager Salary

8 - 13 years exp. (4 salaries)

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₹16 L/yr - ₹28 L/yr

arrow icon 37% more
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₹10.5 L/yr - ₹29 L/yr

arrow icon 25% more
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₹5.5 L/yr - ₹17 L/yr

arrow icon 14% less
Product Manager salary at HDFC Bank ranges between ₹7 Lakhs to ₹25 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 621 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Product Manager in Mumbai

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Experience wise HDFC Bank Product Manager salaries in Mumbai

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
Fresher  (42 salaries)

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₹6 L/yr - ₹21 L/yr
1 year  (103 salaries)

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₹6 L/yr - ₹19 L/yr
2 years  (88 salaries)

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₹6 L/yr - ₹22.7 L/yr
3 years  (73 salaries)

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₹6 L/yr - ₹23 L/yr
4 years  (67 salaries)

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₹6 L/yr - ₹24 L/yr
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HDFC Bank Product Manager Salary and Career Growth

From

To

Product Manager

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0 - 14 years exp.

Senior Product Manager

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3 - 11 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Bank

Deputy Manager Salary
(3.6k salaries)
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₹2 L/yr - ₹10 L/yr
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₹10.31 L/yr - ₹35 L/yr
Project Manager Salary
(75 salaries)
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₹6 L/yr - ₹23 L/yr
Program Manager Salary
(21 salaries)
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₹17.95 L/yr - ₹38 L/yr
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₹7.2 L/yr - ₹19.2 L/yr
Product Lead Salary
(4 salaries)
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₹15 L/yr - ₹32 L/yr

Top skills at HDFC Bank for Product Manager

Product Management Competitor Analysis Portfolio Management Product Management Finance Product Development Business Development Product Planning Banking MIS Product Portfolio Trade Finance Relationship Management channel management Cross Selling

Salary related reviews for HDFC Bank

2.7

Rated by 58 employees for salary & benefits

Full Time

 · 

Product Management Department

1.0
  •  posted on 15 Mar 2025

2.0
 for  Salary and Benefits

Likes

Bank is very organised in terms of process for customers and functions.

  • Job security - Excellent

Dislikes

Bank has grown by 10x in last 10 years but salary growth is just average 5%. Supervisors feedback is only benchmark for promotion. HR doesnt support employees. Always takes side of business.

read more
  • Salary - Poor
  • +2 more

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 15 Feb 2025

2.0
 for  Salary and Benefits

Likes

Brand value and future leaders in banking ,

Dislikes

Internal Politics, no understand on employee struggles ,no job security, less salary in the market ,always think about bank profits ,no human values ,no caring of employees , no much digitalization comparing to other banks , No leaves ,huge pressure eon every employee for tgts , need huge profits with less man power, No happiness at working with bank .only need of the hour for employees

read more
  • Salary - Poor
  • +4 more

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.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 04 Dec 2024

3.0
 for  Salary and Benefits

Likes

Only job security. Salary on time. Work life balance is depends on manager.

read more
  • Skill development - Good
  • +1 more

Dislikes

Excessive work load, it ruin week end and late night so it hardly impact on work life balance. Poor management (Depends on vertical). Poisonous politics. Unpractical deadlines. At join they told its hybrid but after few months manager ruling to come everyday. Bad infrastructure, office and internet services.

read more
  • Promotions - Poor
  • +3 more

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

read more
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HDFC Bank Product Manager Salary FAQs

What is the salary of Product Manager at HDFC Bank in Mumbai?
The average salary of a Product Manager at HDFC Bank in Mumbai typically ranges from ₹7.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Product Manager in Mumbai at HDFC Bank earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹26.3 Lakhs per year. Product 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 600+ HDFC Bank employees in India.
What is the estimated take home salary of a Product Manager at HDFC Bank in Mumbai?
The estimated take-home salary of a Product Manager at HDFC Bank in Mumbai typically ranges from ₹1,04,628 to ₹1,07,499 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from Fresher 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 600+ 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 Product Manager at HDFC Bank in Mumbai?
To be a Product Manager at HDFC Bank in Mumbai, the key skills required include:

  • - Product Management
  • - Competitor Analysis
  • - Portfolio Management
  • - Product Management
  • - Finance

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 Product Manager in India?
State Bank of India ₹11.0 Lakhs to ₹27.0 Lakhs per year
IDBI Bank ₹16.0 Lakhs to ₹28.0 Lakhs per year
IDFC FIRST Bank ₹8.3 Lakhs to ₹30.0 Lakhs per year
Ujjivan Small Finance Bank ₹10.5 Lakhs to ₹29.0 Lakhs per year
Yes Bank ₹8.8 Lakhs to ₹28.0 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 Product Manager in companies similar to HDFC Bank in Mumbai?
The salary of a Product Manager at companies similar to HDFC Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank ₹7.3 Lakhs to ₹30.9 Lakhs per year
ICICI Bank ₹7.5 Lakhs to ₹27.0 Lakhs per year
Federal Bank ₹12.0 Lakhs to ₹17.0 Lakhs per year
Axis Bank ₹7.0 Lakhs to ₹27.2 Lakhs per year
Kotak Mahindra Bank ₹6.5 Lakhs to ₹25.0 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 Product Manager at HDFC Bank in Mumbai?
The salary growth for a Product Manager at HDFC Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Manager in Mumbai can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
Fresher ₹6.0 Lakhs to ₹21.0 Lakhs per year
1 year ₹6.0 Lakhs to ₹19.0 Lakhs per year
2 years ₹6.0 Lakhs to ₹22.7 Lakhs per year
3 years ₹6.0 Lakhs to ₹23.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Bank Product Manager salary in Mumbai ranges between ₹7 Lakhs to ₹25 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 621 HDFC Bank latest salaries received from various employees of HDFC Bank.