IDBI Bank Mumbai Product Manager Salaries by 4 Employees

8 - 13 years exp.

₹16 Lakhs - ₹28 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Product Manager Salary in Banking Companies for 8 - 13 years of experience

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Last Updated: 15 Mar 2024

Companies similar to IDBI Bank for Product Manager in Mumbai

IDBI Bank Product Manager Salary

8 - 13 years exp. (4 salaries)

₹16 L/yr - ₹28 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Product Manager Salary 0 - 7 years exp. (371 salaries)	₹8.5 L/yr - ₹31 L/yr 6% less	1 job opening
Yes Bank Product Manager Salary 0 - 10 years exp. (190 salaries)	₹8.8 L/yr - ₹28 L/yr 10% less	2 job openings
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AU Small Finance Bank Product Manager Salary 0 - 7 years exp. (72 salaries)	₹7 L/yr - ₹25 L/yr 29% less	1 job opening
IndusInd Bank Product Manager Salary 0 - 8 years exp. (40 salaries)	₹8 L/yr - ₹26.9 L/yr 15% less	2 job openings
Standard Chartered Product Manager Salary 4 - 12 years exp. (17 salaries)	₹13 L/yr - ₹45 L/yr 39% more
Federal Bank Product Manager Salary 1 - 9 years exp. (10 salaries)	₹12 L/yr - ₹17 L/yr 19% less
NatWest Group Product Manager Salary 5 - 13 years exp. (7 salaries)	₹16.9 L/yr - ₹31 L/yr 12% more
Deutsche Bank Product Manager Salary 18 - 22 years exp. (5 salaries)	₹28 L/yr - ₹37 L/yr 74% more	2 job openings
Ujjivan Small Finance Bank Product Manager Salary 4 - 6 years exp. (3 salaries)	₹10.5 L/yr - ₹29 L/yr 8% less

Product Manager salary at IDBI Bank ranges between ₹16 Lakhs to ₹28 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of IDBI Bank.

Experience wise IDBI Bank Product Manager salaries in Mumbai

Last Updated: 15 Mar 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
9 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.4 L/yr
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13 years (AmbitionBox Estimate)	₹25.2 L/yr - ₹32.2 L/yr

Similar Designation salaries in IDBI Bank

Project Manager Salary

(4 salaries)

₹15 L/yr - ₹24.5 L/yr

Salary related reviews for IDBI Bank

Assistant Branch Banking Manager in Indore

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jan 2025

2.0

for Salary and Benefits

Likes

Salary, however little, gets credited on time. There is literally nothing to write.

Job security - Good

Dislikes

Work culture. Needs to work on weekends Extended work hours . No increment. No appreciation for work. Super difficult to get leaves. No flexibility in work hours or days.

Salary - Poor

+5 more

Assistant Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 21 Nov 2024

4.0

for Salary and Benefits

Likes

They offer good salary .

Salary - Good

+1 more

Dislikes

Promotion process is not transparent. Also admin transfers are very harsh for women employees. They do not consider whether an employee is having small kid or pregnant. Very long working hours . Sitting in branches till 8 pm is usual .

Skill development - Poor

+1 more

Senior Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jul 2024

4.0

for Salary and Benefits

Likes

Young demography. Salary and perks.

Salary - Good

Dislikes

You need to beg to avail your casual leave for one day. Frequent change of transfer policy. And very low probability of promotion. Transfer across the country against the request of the employee putting the personal life of employee and their family members in deep trouble. Irrational targets and pressure for third party products leaving no time to work for the core banking business. You have to forget life and do only work.

Promotions - Poor

+3 more

Assistant Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 18 Mar 2024

5.0

for Salary and Benefits

Likes

They follows IBA salary structure.So every staff gets a good salary.promotions facility are good for executive..after 3 years they promoted to Assistant manager and get a good salary.Bank cultures are good as compared to other private banks like HDFC ,ICICI etc. Leave policy and other facilities are very good for officers .

Salary - Excellent

+3 more

Dislikes

Beside salary nothing is good in this company. 1. Without proper training they send new joiners into branch and tell to do their job . 2.Most of the staffs' work locations are very far way from home locations. It's very problem for your family. 3. Higher managements are very casual and slow for their work. 4 . You could not get proper guidance from higher authority at the beginning of your job. Learning is very hard for this bank

Skill development - Bad

+1 more

Branch Head in Jabalpur

Full Time

Sales & Business Development Department

3.0

• posted on 10 Jan 2025

4.0

for Salary and Benefits

Likes

Overall it good company on the basis of salary structure

Salary - Good

+1 more

Dislikes

There is no appreciation after certain job periods specifically even more than 15 years of experience you will not get the position as per peer group company.

Skill development - Poor

see more salary related reviews

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What people are saying about IDBI Bank

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invaluablecider

works at

IDBI Bank

Facing trouble in releaving my current job

Hey everyone, I've recently resigned from my current job and serving notice period which is due in less than a week. But my manager is not agreeing to this and forcing me to stay till the time I complete my pendencies and creating more of them unnecessary so that I can't be relieved. I've completed them from my side, but pending from customer ends as they are not coming to sign the certain documents. If we go according to this than I can't be relieved for coming 5-6 months due to these customers as many of them are in different states. I've joining in my new company in next 10 days. What should I do???? And can I really be held back due to this reason(customers sign)????

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IDBI Bank Product Manager Salary FAQs

What is the salary of Product Manager at IDBI Bank in Mumbai?

The average salary of a Product Manager at IDBI Bank in Mumbai typically ranges from ₹16.0 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Product Manager in Mumbai at IDBI Bank earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Product Manager Salaries at IDBI 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 4 IDBI Bank employees in India.

What is the estimated take home salary of a Product Manager at IDBI Bank in Mumbai?

The estimated take-home salary of a Product Manager at IDBI Bank in Mumbai typically ranges from ₹1,35,752 to ₹1,40,753 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 8 years to 13 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 4 salaries received from various employees of IDBI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDBI Bank for Product Manager in India?

Deutsche Bank	₹28.0 Lakhs to ₹37.0 Lakhs per year
Standard Chartered	₹13.0 Lakhs to ₹45.0 Lakhs per year
NatWest Group	₹16.9 Lakhs to ₹31.0 Lakhs per year

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

What is the salary of a Product Manager in companies similar to IDBI Bank in Mumbai?

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

IDFC FIRST Bank	₹8.5 Lakhs to ₹31.0 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
IndusInd Bank	₹8.0 Lakhs to ₹26.9 Lakhs per year
Federal Bank	₹12.0 Lakhs to ₹17.0 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 IDBI Bank in Mumbai?

The salary growth for a Product Manager at IDBI 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 IDBI Bank:

Experience	Average Salary Range
8 years	₹14.4 Lakhs to ₹18.4 Lakhs per year
9 years	₹17.6 Lakhs to ₹22.4 Lakhs per year
13 years	₹25.2 Lakhs to ₹32.2 Lakhs per year

and so on.

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IDBI Bank Product Manager Salaries in Mumbai

IDBI Bank Product Manager salary in Mumbai ranges between ₹16 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IDBI Bank latest salaries received from various employees of IDBI Bank.