Kotak Mahindra Bank Mumbai Product Manager Salaries by 400+ Employees (Updated 2025)

0 - 12 years exp.

₹6.9 Lakhs - ₹24 Lakhs

Avg. annual salary

Monthly In-hand Salary

29% less than the average Product Manager Salary in Banking Companies for 0 - 12 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Product Management Product Manager Salary 0 - 12 years exp. (222 salaries)	₹6.4 L/yr - ₹25 L/yr
BFSI, Investments & Trading Product Manager Salary 1 - 11 years exp. (34 salaries)	₹5.1 L/yr - ₹17.4 L/yr
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Finance & Accounting Product Manager Salary 0 - 9 years exp. (12 salaries)	₹6.5 L/yr - ₹22.2 L/yr
Marketing & Communication Product Manager Salary 2 - 4 years exp. (10 salaries)	₹5.1 L/yr - ₹12.5 L/yr
Data Science & Analytics Product Manager Salary 2 - 10 years exp. (9 salaries)	₹12.6 L/yr - ₹13.1 L/yr

View all

Last Updated: 6 Apr 2025

Companies similar to Kotak Mahindra Bank for Product Manager in Mumbai

Kotak Mahindra Bank Product Manager Salary

0 - 12 years exp. (429 salaries)

₹6.9 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Product Manager Salary 0 - 10 years exp. (2.1k salaries)	₹7.5 L/yr - ₹27 L/yr 20% more
HDFC Bank Product Manager Salary 0 - 14 years exp. (631 salaries)	₹7 L/yr - ₹25.7 L/yr 6% more
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Axis Bank Product Manager Salary 0 - 11 years exp. (443 salaries)	₹7 L/yr - ₹28.7 L/yr 15% more
IDFC FIRST Bank Product Manager Salary 0 - 6 years exp. (372 salaries)	₹8.5 L/yr - ₹31 L/yr 33% more	1 job opening
Yes Bank Product Manager Salary 0 - 10 years exp. (190 salaries)	₹8.8 L/yr - ₹28 L/yr 29% more	1 job opening
RBL Bank Product Manager Salary 1 - 13 years exp. (74 salaries)	₹6.5 L/yr - ₹20.8 L/yr 15% less	3 job openings
IndusInd Bank Product Manager Salary 0 - 8 years exp. (40 salaries)	₹8 L/yr - ₹26.9 L/yr 22% more	2 job openings
Federal Bank Product Manager Salary 1 - 9 years exp. (10 salaries)	₹12 L/yr - ₹17 L/yr 16% more
Shinhan Bank Product Manager Salary 5 - 14 years exp. (6 salaries)	₹11 L/yr - ₹12.5 L/yr 20% less
The Saraswat Co-operative Bank Product Manager Salary 4 - 13 years exp. (5 salaries)	₹7.8 L/yr - ₹12.6 L/yr 28% less
Bank of Baroda Product Manager Salary 4 - 13 years exp. (5 salaries)	₹6.8 L/yr - ₹20 L/yr 2% less
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IDBI Bank Product Manager Salary 8 - 13 years exp. (4 salaries)	₹16 L/yr - ₹28 L/yr 43% more
Ujjivan Small Finance Bank Product Manager Salary 4 - 6 years exp. (3 salaries)	₹10.5 L/yr - ₹29 L/yr 32% more
Utkarsh Small Finance Bank Product Manager Salary 7 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹17 L/yr 10% less

Product Manager salary at Kotak Mahindra Bank ranges between ₹6.9 Lakhs to ₹24 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 429 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Product Manager in Mumbai

4d ago

₹13.3 Lakhs

7 years exp.

1w ago

₹18.7 Lakhs

4 years exp.

1w ago

₹19 Lakhs

5 years exp.

1w ago

₹10.2 Lakhs

3 years exp.

2w ago

₹15 Lakhs

2 years exp.

2w ago

5 years exp.

2w ago

1 year exp.

2w ago

5 years exp.

3w ago

3 years exp.

3w ago

2 years exp.

Experience wise Kotak Mahindra Bank Product Manager salaries in Mumbai

Last Updated: 6 Apr 2025

Experience	Avg Annual Salary
Fresher (16 salaries)	₹6.8 L/yr - ₹24 L/yr
1 year (42 salaries)	₹5.9 L/yr - ₹24.6 L/yr
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2 years (64 salaries)	₹7 L/yr - ₹24 L/yr
3 years (69 salaries)	₹6.6 L/yr - ₹22 L/yr
4 years (62 salaries)	₹7.5 L/yr - ₹25 L/yr
5 years (49 salaries)	₹7.1 L/yr - ₹26 L/yr
6 years (36 salaries)	₹6 L/yr - ₹25 L/yr
7 years (25 salaries)	₹6 L/yr - ₹22 L/yr
8 years (29 salaries)	₹6 L/yr - ₹24 L/yr
9 years (17 salaries)	₹6 L/yr - ₹25 L/yr
10 years (9 salaries)	₹5.9 L/yr - ₹22.5 L/yr
11 years (7 salaries)	₹7.6 L/yr - ₹18 L/yr
12 years (4 salaries)	₹6.8 L/yr - ₹15.5 L/yr

View all

From

Product Manager

₹

Lakhs/yr

0 - 12 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Product Manager

0 - 12 years exp.

Senior Product Manager

1 - 9 years exp.

34% hike

Associate Vice President

3 - 21 years exp.

3% hike

From

Product Manager

0 - 12 years exp.

Branch Head Product

Salary unavailable

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 Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Senior Product Manager Salary

(128 salaries)

₹9.9 L/yr - ₹28 L/yr

Project Manager Salary

(48 salaries)

₹5.3 L/yr - ₹23.41 L/yr

Digital Product Manager Salary

(13 salaries)

₹13 L/yr - ₹25.5 L/yr

Program Manager Salary

(5 salaries)

₹7 L/yr - ₹23.5 L/yr

Production Manager Salary

(5 salaries)

₹6.25 L/yr - ₹15 L/yr

Product Lead Salary

(4 salaries)

₹25.4 L/yr - ₹32 L/yr

Product Owner Salary

(3 salaries)

₹17.7 L/yr - ₹21.2 L/yr

Top skills at Kotak Mahindra Bank for Product Manager

Product Management Marketing w Pricing Strategy User Interface Designing Strategy Implementation Complaint Management Mobile Bfsi Sales csr UI Analytical Method Validation New Product Development Typing Speed User Experience Design

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 46 employees for salary & benefits

Product Manager in Mumbai

Product Management Department

3.0

• posted on 29 Aug 2018

2.0

for Salary and Benefits

Likes

Learning is there but majorly it depends on your profile and team. Salary is below industry average and apparaisals again same as overall Banking Industry standard.

Dislikes

...lance should be there if you want efficiency and productivity from the employee.Salary again is a low as compared to the profile and KRA given to any employee. Appraisals and not much to talk about.

Salary - Poor

+2 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Product Manager Salary FAQs

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

The average salary of a Product Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹6.9 Lakhs to ₹24.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Product Manager in Mumbai at Kotak Mahindra Bank earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹29.2 Lakhs per year. Product Manager Salaries at Kotak Mahindra 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 400+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Product Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹1,00,738 to ₹1,03,484 per month. This is based on the average salary range of ₹6.9 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 400+ salaries received from various employees of Kotak Mahindra 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 Kotak Mahindra Bank in Mumbai?

To be a Product Manager at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Product Management
- Marketing
- w
- Pricing Strategy
- User Interface Designing

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

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

IDBI Bank	₹16.0 Lakhs to ₹28.0 Lakhs per year
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

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

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

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

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 ₹28.7 Lakhs per year
HDFC Bank	₹7.0 Lakhs to ₹25.7 Lakhs per year
Bank of Baroda	₹6.8 Lakhs to ₹20.0 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 Kotak Mahindra Bank in Mumbai?

The salary growth for a Product Manager at Kotak Mahindra 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 Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹6.8 Lakhs to ₹24.0 Lakhs per year
1 year	₹5.9 Lakhs to ₹24.6 Lakhs per year
2 years	₹7.0 Lakhs to ₹24.0 Lakhs per year
3 years	₹6.6 Lakhs to ₹22.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Product Manager Salaries in Mumbai

Kotak Mahindra Bank Product Manager salary in Mumbai ranges between ₹6.9 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 429 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Product Manager salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Product Manager in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Product Manager in Mumbai

Experience wise Kotak Mahindra Bank Product Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Product Manager

Salary related reviews for Kotak Mahindra Bank

Product Manager in Mumbai

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Kotak Mahindra Bank Product Manager Salary FAQs

Tell us how to improve this page.