ICICI Merchant Service Relationship Manager Salaries by 70+ Employees (Updated 2025)

1 - 8 years exp.

₹2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

39% less than the average Relationship Manager Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 1 - 8 years exp. (23 salaries)	₹2.5 L/yr - ₹4 L/yr
Marketing & Communication Relationship Manager Salary 2 - 8 years exp. (12 salaries)	₹2.6 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Relationship Manager Salary 2 - 6 years exp. (9 salaries)	₹2.5 L/yr - ₹3.6 L/yr
Finance & Accounting Relationship Manager Salary 2 - 8 years exp. (5 salaries)	₹2 L/yr - ₹3.4 L/yr
Engineering - Hardware & Networks Relationship Manager Salary 1 - 4 years exp. (3 salaries)	₹3.3 L/yr - ₹3.8 L/yr

View all

Last Updated: 15 Mar 2025

Companies similar to ICICI Merchant Service for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Relationship Manager Salary 1 - 12 years exp. (431 salaries)	₹4.2 L/yr - ₹13.8 L/yr 197% more
Shivalik Small Finance Bank Relationship Manager Salary 2 - 7 years exp. (37 salaries)	₹2.4 L/yr - ₹4.6 L/yr 20% more
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South Indian Bank Relationship Manager Salary 3 - 13 years exp. (25 salaries)	₹8 L/yr - ₹20 L/yr 341% more
Capital Small Finance Bank Relationship Manager Salary 5 - 11 years exp. (23 salaries)	₹3.8 L/yr - ₹7.8 L/yr 86% more
First Abu Dhabi Bank Relationship Manager Salary 2 - 10 years exp. (11 salaries)	₹7 L/yr - ₹18 L/yr 333% more
Emirates NBD Relationship Manager Salary 3 - 12 years exp. (10 salaries)	₹7.9 L/yr - ₹30 L/yr 502% more
The Saraswat Co-operative Bank Relationship Manager Salary 5 - 9 years exp. (7 salaries)	₹6.5 L/yr - ₹9.7 L/yr 142% more
Fino Payments Bank Relationship Manager Salary 0 - 5 years exp. (7 salaries)	₹1.4 L/yr - ₹3.1 L/yr 24% less
ABN AMRO BANK N.V. Relationship Manager Salary 1 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹9 L/yr 122% more
Commercial Bank Of Dubai Relationship Manager Salary 4 - 10 years exp. (5 salaries)	₹7 L/yr - ₹24 L/yr 407% more
Dhanlaxmi Bank Relationship Manager Salary 3 - 12 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 21% more
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Paytm Payments Bank Relationship Manager Salary 1 - 6 years exp. (4 salaries)	₹3 L/yr - ₹5.3 L/yr 53% more
The Co-operative Bank Relationship Manager Salary 4 - 29 years exp. (3 salaries)	₹2 L/yr - ₹6 L/yr 19% more

Relationship Manager salary at ICICI Merchant Service ranges between ₹2 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 77 latest salaries received from various employees of ICICI Merchant Service.

Latest annual salaries shared by ICICI Merchant Service Relationship Manager

3d ago

₹3.6 Lakhs

6 years exp.

3mo ago

₹3 Lakhs

2 years exp.

11mo ago

₹2.9 Lakhs

1 year exp.

1y ago

₹3.9 Lakhs

3 years exp.

1y ago

₹3.4 Lakhs

4 years exp.

1y ago

6 years exp.

1y ago

5 years exp.

1y ago

3 years exp.

1y ago

1 year exp.

1y ago

3 years exp.

Experience wise ICICI Merchant Service Relationship Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹2.9 L/yr - ₹3.8 L/yr
2 years (8 salaries)	₹2 L/yr - ₹3.2 L/yr
Login to view exact salary
3 years (17 salaries)	₹2.8 L/yr - ₹3.9 L/yr
4 years (12 salaries)	₹2.1 L/yr - ₹3.4 L/yr
5 years (17 salaries)	₹2 L/yr - ₹4 L/yr
6 years (11 salaries)	₹2.5 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.4 L/yr
8 years (6 salaries)	₹2.4 L/yr - ₹4 L/yr

View all

Similar Designation salaries in ICICI Merchant Service

Relationship Officer Salary

(5 salaries)

₹2.55 L/yr - ₹3.2 L/yr

Sales Manager Salary

(6 salaries)

₹2.85 L/yr - ₹3.5 L/yr

Area Sales Manager Salary

(5 salaries)

₹2.7 L/yr - ₹10.55 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Assistant Sales Manager Salary

(3 salaries)

₹2.2 L/yr - ₹5.2 L/yr

Sales Coordinator Salary

(3 salaries)

₹2.2 L/yr - ₹4 L/yr

Sales Officer Salary

(17 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Team Lead Salary

(31 salaries)

₹2.6 L/yr - ₹7.5 L/yr

Senior Sales Officer Salary

(3 salaries)

₹2.7 L/yr - ₹3.5 L/yr

Sales Associate Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Salary related reviews for ICICI Merchant Service

3.2

Rated by 34 employees for salary & benefits

Relationship Manager in Mumbai

Aviation & Aerospace Department

3.0

• posted on 03 Mar 2021

2.0

for Salary and Benefits

Likes

Good work culture. Team leader very much supportive.

Dislikes

Ni petrol allowance. And salary date is delaying every month. Cut the salary with out reason. And some technical error in their system so we can log in or mark the attendance properly but they cut the salary. And I can't get any kind of certificate. Pf esi number also. No proper reply from company side also.

Salary - Poor

+4 more

Sales Executive in Pune

BFSI, Investments & Trading Department

5.0

• posted on 30 Jun 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Sales Executive in Ranchi

Sales & Business Development Department

5.0

• posted on 22 Jul 2020

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management. Company policies are good, appraisals are fair and they give good salary hike and bonus every years.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow.

Field Operations Supervisor (working remotely)

Contractual

Production, Manufacturing & Engineering Department

2.0

• posted on 31 Jan 2023

1.0

for Salary and Benefits

Likes

Nothing to like here

Skill development - Good

Dislikes

Very low salaries no value of Off Role employees even if you are off role in the company sales manager have no rights to contact with you for any work. He has to be routed through on roll employee only.

Salary - Bad

+5 more

Sales Support Specialist Team Leader in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 23 Apr 2023

2.0

for Salary and Benefits

Likes

On time salary gets credit to your account. Is the only thing one like there .

Dislikes

Seniors put pressure and gives u threat about termination or pip , even after your performance is satisfactory.., don’t expect any help from senior management.. No salary growth, salary growth is only for senior management..

Salary - Poor

+3 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Merchant Service Relationship Manager Salary FAQs

What is the salary of Relationship Manager at ICICI Merchant Service ?

The average salary of a Relationship Manager at ICICI Merchant Service in India typically ranges from ₹2.0 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Relationship Manager at ICICI Merchant Service earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Relationship Manager Salaries at ICICI Merchant Service 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 70+ ICICI Merchant Service employees in India.

What is the estimated take home salary of a Relationship Manager at ICICI Merchant Service in India?

The estimated take-home salary of a Relationship Manager at ICICI Merchant Service in India typically ranges from ₹22,183 to ₹23,664 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 70+ salaries received from various employees of ICICI Merchant Service. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Merchant Service for Relationship Manager in India?

Emirates NBD	₹7.9 Lakhs to ₹30.0 Lakhs per year
Commercial Bank Of Dubai	₹7.0 Lakhs to ₹24.0 Lakhs per year
South Indian Bank	₹8.0 Lakhs to ₹20.0 Lakhs per year
First Abu Dhabi Bank	₹7.0 Lakhs to ₹18.0 Lakhs per year
Standard Chartered	₹4.2 Lakhs to ₹13.8 Lakhs per year

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

What is the salary of a Relationship Manager in companies similar to ICICI Merchant Service in India?

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

The Saraswat Co-operative Bank	₹6.5 Lakhs to ₹9.7 Lakhs per year
ABN AMRO BANK N.V.	₹2.8 Lakhs to ₹9.0 Lakhs per year
Capital Small Finance Bank	₹3.8 Lakhs to ₹7.8 Lakhs per year
Paytm Payments Bank	₹3.0 Lakhs to ₹5.3 Lakhs per year
Dhanlaxmi Bank	₹3.0 Lakhs to ₹4.5 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 ICICI Merchant Service in India?

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

Experience	Average Salary Range
1 year	₹2.9 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.9 Lakhs per year
4 years	₹2.1 Lakhs to ₹3.4 Lakhs per year

and so on.

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ICICI Merchant Service Relationship Manager Salaries

ICICI Merchant Service Relationship Manager salary in India ranges between ₹2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 77 ICICI Merchant Service latest salaries received from various employees of ICICI Merchant Service.