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

0 - 10 years exp.

₹6.3 Lakhs - ₹25 Lakhs

Salary of majority employees

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28% less than the average Product Manager Salary in Banking Companies for 0 - 10 years of experience

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Salaries in different departments

Product Management Product Manager Salary 0 - 10 years exp. (220 salaries)	Unlock ₹6.6 L/yr - ₹25 L/yr
BFSI, Investments & Trading Product Manager Salary 1 - 10 years exp. (30 salaries)	Unlock ₹5.7 L/yr - ₹21 L/yr
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Finance & Accounting Product Manager Salary 0 - 9 years exp. (12 salaries)	Unlock ₹6.5 L/yr - ₹22.2 L/yr
Marketing & Communication Product Manager Salary 2 - 4 years exp. (10 salaries)	Unlock ₹5.2 L/yr - ₹13 L/yr
Data Science & Analytics Product Manager Salary 2 - 10 years exp. (8 salaries)	Unlock ₹6.5 L/yr - ₹20 L/yr

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Last Updated: 11 Mar 2025

Companies similar to Kotak Mahindra Bank for Product Manager in Mumbai

Kotak Mahindra Bank Product Manager Salary

0 - 10 years exp. (413 salaries)

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₹6.3 L/yr - ₹25 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Product Manager Salary 0 - 14 years exp. (559 salaries)	Unlock ₹7 L/yr - ₹25 L/yr 3% more
ICICI Bank Product Manager Salary 0 - 10 years exp. (2k salaries)	Unlock ₹7.5 L/yr - ₹27 L/yr 18% more
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Axis Bank Product Manager Salary 0 - 10 years exp. (441 salaries)	Unlock ₹8 L/yr - ₹27.1 L/yr 12% more
State Bank of India Product Manager Salary 2 - 10 years exp. (14 salaries)	Unlock ₹11 L/yr - ₹27 L/yr 66% more
Yes Bank Product Manager Salary 0 - 10 years exp. (192 salaries)	Unlock ₹8.6 L/yr - ₹28 L/yr 25% more	3 job openings
IndusInd Bank Product Manager Salary 0 - 10 years exp. (42 salaries)	Unlock ₹7.3 L/yr - ₹30.9 L/yr 20% more
IDFC FIRST Bank Product Manager Salary 0 - 6 years exp. (376 salaries)	Unlock ₹8.6 L/yr - ₹30 L/yr 29% more
RBL Bank Product Manager Salary 1 - 12 years exp. (74 salaries)	Unlock ₹6.5 L/yr - ₹20.8 L/yr 16% less	2 job openings
Federal Bank Product Manager Salary 1 - 9 years exp. (10 salaries)	Unlock ₹12 L/yr - ₹17 L/yr 13% more
Shinhan Bank Product Manager Salary 5 - 14 years exp. (6 salaries)	Unlock ₹11 L/yr - ₹12.5 L/yr 21% less
The Saraswat Co-operative Bank Product Manager Salary 4 - 13 years exp. (5 salaries)	Unlock ₹7.8 L/yr - ₹12.6 L/yr 29% less
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Bank of Baroda Product Manager Salary 4 - 13 years exp. (5 salaries)	Unlock ₹6.8 L/yr - ₹20 L/yr 4% less
IDBI Bank Product Manager Salary 8 - 13 years exp. (4 salaries)	Unlock ₹16 L/yr - ₹28 L/yr 41% more
Utkarsh Small Finance Bank Product Manager Salary 7 - 10 years exp. (3 salaries)	Unlock ₹5.5 L/yr - ₹17 L/yr 13% less

Product Manager salary at Kotak Mahindra Bank ranges between ₹6.3 Lakhs to ₹25 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 413 latest salaries received from various employees of Kotak Mahindra Bank.

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

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Experience wise Kotak Mahindra Bank Product Manager salaries in Mumbai

Last Updated: 11 Mar 2025

Experience	Avg Annual Salary
Fresher (16 salaries)	Unlock ₹6 L/yr - ₹24 L/yr
1 year (38 salaries)	Unlock ₹6.7 L/yr - ₹26 L/yr
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2 years (62 salaries)	Unlock ₹6.3 L/yr - ₹24 L/yr
3 years (67 salaries)	Unlock ₹6.5 L/yr - ₹22 L/yr
4 years (62 salaries)	Unlock ₹7.5 L/yr - ₹26.4 L/yr
5 years (47 salaries)	Unlock ₹6.8 L/yr - ₹23.4 L/yr
6 years (36 salaries)	Unlock ₹6 L/yr - ₹25 L/yr
7 years (24 salaries)	Unlock ₹6 L/yr - ₹22.9 L/yr
8 years (28 salaries)	Unlock ₹6 L/yr - ₹24 L/yr
9 years (22 salaries)	Unlock ₹6.3 L/yr - ₹24.3 L/yr
10 years (11 salaries)	Unlock ₹6.8 L/yr - ₹22.5 L/yr

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From

Product Manager

₹

Lakhs/yr

0 - 10 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Product Manager

0 - 10 years exp.

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Senior Product Manager

1 - 9 years exp.

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33% hike

Associate Vice President

3 - 21 years exp.

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2% hike

From

Product Manager

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0 - 10 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)

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₹1.65 L/yr - ₹8.2 L/yr

Senior Product Manager Salary

(126 salaries)

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₹9 L/yr - ₹28 L/yr

Project Manager Salary

(49 salaries)

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₹5.3 L/yr - ₹20 L/yr

Digital Product Manager Salary

(14 salaries)

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₹13 L/yr - ₹25.5 L/yr

Program Manager Salary

(5 salaries)

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₹7 L/yr - ₹23.5 L/yr

Production Manager Salary

(5 salaries)

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₹6.25 L/yr - ₹15 L/yr

Product Lead Salary

(4 salaries)

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₹25.4 L/yr - ₹32 L/yr

Product Owner Salary

(3 salaries)

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₹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

2.9

Rated by 45 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

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Kotak Mahindra Bank Product Manager Salary FAQs

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

Product Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹6.3 Lakhs to ₹25.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 28% less than the average Product Manager Salary in India. Salary estimates are based on 413 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Product Manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Product Manager at Kotak Mahindra Bank is 28% less than the average salary of a Product Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Product Manager at Kotak Mahindra Bank?

Product Management, Marketing, w, Pricing Strategy and User Interface Designing are some of the popular skills required to work as a Product Manager at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Product Manager in Mumbai?

State Bank of India Product Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
IDBI Bank Product Manager Salary - ₹16.0 Lakhs to ₹28.0 Lakhs per year
IDFC FIRST Bank Product Manager Salary - ₹8.6 Lakhs to ₹30.0 Lakhs per year
Yes Bank Product Manager Salary - ₹8.6 Lakhs to ₹28.0 Lakhs per year
IndusInd Bank Product Manager Salary - ₹7.3 Lakhs to ₹30.9 Lakhs per year

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

ICICI Bank Product Manager Salary - ₹7.5 Lakhs to ₹27.0 Lakhs per year
Federal Bank Product Manager Salary - ₹12.0 Lakhs to ₹17.0 Lakhs per year
Axis Bank Product Manager Salary - ₹8.0 Lakhs to ₹27.1 Lakhs per year
HDFC Bank Product Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Bank of Baroda Product Manager Salary - ₹6.8 Lakhs to ₹20.0 Lakhs per year

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 ranges between ₹1,02,091 per month to ₹1,04,880 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Product Manager salary in India which ranges between ₹6.3 Lakhs to ₹25.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 77% of the Kotak Mahindra Bank Product Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 213 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Product Manager Salaries in Mumbai

Kotak Mahindra Bank Product Manager salary in Mumbai ranges between ₹6.3 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 413 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

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Kotak Mahindra Bank Product Manager Salary FAQs

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