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ICICI Merchant Service

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3.7

based on 201 Reviews

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ICICI Merchant Service Relationship Manager salaries in Mumbai

Annual salary range
3 - 8 years exp.
₹3.2 Lakhs - ₹4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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35% less than the average Relationship Manager Salary in Banking Companies for 3 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Relationship Manager Salary
3 - 8 years exp. (3 salaries)
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₹3.2 L/yr - ₹3.5 L/yr

Product Management
Relationship Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹3.7 L/yr - ₹4 L/yr

Last Updated: 5 Jul 2023

Companies similar to ICICI Merchant Service for Relationship Manager in Mumbai

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ICICI Merchant Service Relationship Manager Salary

3 - 8 years exp. (5 salaries)
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₹3.2 L/yr - ₹4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Standard Chartered Relationship Manager Salary

1 - 12 years exp. (97 salaries)
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₹4 L/yr - ₹16.7 L/yr

arrow icon 178% more
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South Indian Bank Relationship Manager Salary

7 - 12 years exp. (5 salaries)
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₹10 L/yr - ₹20 L/yr

arrow icon 315% more
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Emirates NBD Relationship Manager Salary

10 - 12 years exp. (3 salaries)
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₹8.5 L/yr - ₹24.2 L/yr

arrow icon 359% more
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ICICI Bank Relationship Manager Salary

0 - 19 years exp. (1.9k salaries)
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₹3 L/yr - ₹11.4 L/yr

arrow icon 134% more
 3 job openings
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HDFC Bank Relationship Manager Salary

0 - 15 years exp. (829 salaries)
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₹2.4 L/yr - ₹12 L/yr

arrow icon 112% more
 69 job openings
Relationship Manager salary at ICICI Merchant Service ranges between ₹3.2 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of ICICI Merchant Service.

Latest annual salaries shared by ICICI Merchant Service Relationship Manager in Mumbai

1y ago
₹3.4 Lakhs
7 years exp.

Experience wise ICICI Merchant Service Relationship Manager salaries in Mumbai

Last Updated: 5 Jul 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)

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

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₹3.1 L/yr - ₹4 L/yr
View all

Similar Designation salaries in ICICI Merchant Service

Team Lead Salary
(3 salaries)
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₹4.2 L/yr - ₹6.48 L/yr
Area Sales Manager Salary
(3 salaries)
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₹3.8 L/yr - ₹10.6 L/yr

Salary related reviews for ICICI Merchant Service

4.3

Rated by 2 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.

read more
  • 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.

read more
  • 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.

read more

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.

read more
  • 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.

read more

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.

read more
  • 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 .

read more

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..

read more
  • Salary - Poor
    • +3 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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ICICI Merchant Service Relationship Manager Salary FAQs

What is the salary of Relationship Manager at ICICI Merchant Service in Mumbai?
The average salary of a Relationship Manager at ICICI Merchant Service in Mumbai typically ranges from ₹3.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Relationship Manager in Mumbai at ICICI Merchant Service earn more than ₹4.0 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 5 ICICI Merchant Service employees in India.
What is the estimated take home salary of a Relationship Manager at ICICI Merchant Service in Mumbai?
The estimated take-home salary of a Relationship Manager at ICICI Merchant Service in Mumbai typically ranges from ₹24,838 to ₹26,279 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 3 years 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 5 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 ₹8.5 Lakhs to ₹24.2 Lakhs per year
South Indian Bank ₹10.0 Lakhs to ₹20.0 Lakhs per year
Standard Chartered ₹4.0 Lakhs to ₹16.7 Lakhs per year
ICICI Bank ₹3.0 Lakhs to ₹11.4 Lakhs per year
HDFC Bank ₹2.4 Lakhs to ₹12.0 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.
How the salary growth look like for a Relationship Manager at ICICI Merchant Service in Mumbai?
The salary growth for a Relationship Manager at ICICI Merchant Service 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 ICICI Merchant Service:

Experience Average Salary Range
3 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
4 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
5 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
6 years ₹3.1 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Merchant Service Relationship Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 ICICI Merchant Service latest salaries received from various employees of ICICI Merchant Service.