Kotak Mahindra Bank Product Manager Salaries by 500+ Employees (Updated 2025)

0 - 12 years exp.

₹6.4 Lakhs - ₹25 Lakhs

Salary of majority employees

32% less than the average Product Manager Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

Product Management Product Manager Salary 0 - 12 years exp. (283 salaries)	₹6.8 L/yr - ₹26 L/yr
BFSI, Investments & Trading Product Manager Salary 1 - 12 years exp. (44 salaries)	₹5.8 L/yr - ₹20.8 L/yr
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Data Science & Analytics Product Manager Salary 2 - 10 years exp. (16 salaries)	₹5.6 L/yr - ₹20 L/yr
Finance & Accounting Product Manager Salary 1 - 9 years exp. (15 salaries)	₹6.5 L/yr - ₹22.2 L/yr
Marketing & Communication Product Manager Salary 2 - 11 years exp. (14 salaries)	₹5.2 L/yr - ₹13.5 L/yr

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Last Updated: 1 Feb 2025

Companies similar to Kotak Mahindra Bank for Product Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Product Manager Salary 0 - 12 years exp. (731 salaries)	₹6 L/yr - ₹25 L/yr 2% less
ICICI Bank Product Manager Salary 0 - 11 years exp. (3k salaries)	₹7.1 L/yr - ₹27 L/yr 19% more
Login to view exact salary
Axis Bank Product Manager Salary 1 - 11 years exp. (550 salaries)	₹8 L/yr - ₹26.5 L/yr 18% more
State Bank of India Product Manager Salary 2 - 10 years exp. (20 salaries)	₹11 L/yr - ₹32 L/yr 56% more
Yes Bank Product Manager Salary 0 - 10 years exp. (215 salaries)	₹7.2 L/yr - ₹26.4 L/yr 18% more	1 job opening
IndusInd Bank Product Manager Salary 0 - 8 years exp. (116 salaries)	₹8 L/yr - ₹29.7 L/yr 35% more	1 job opening
IDFC FIRST Bank Product Manager Salary 0 - 6 years exp. (472 salaries)	₹8.5 L/yr - ₹30 L/yr 33% more	2 job openings
RBL Bank Product Manager Salary 1 - 12 years exp. (159 salaries)	₹6.4 L/yr - ₹23 L/yr 9% less	1 job opening
Federal Bank Product Manager Salary 1 - 9 years exp. (22 salaries)	₹12 L/yr - ₹22 L/yr 13% more
Ujjivan Small Finance Bank Product Manager Salary 1 - 8 years exp. (92 salaries)	₹7 L/yr - ₹27.6 L/yr 8% more	1 job opening

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Product Manager salary at Kotak Mahindra Bank ranges between ₹6.4 Lakhs to ₹25 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 582 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Product Manager salaries

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
Fresher (16 salaries)	₹6 L/yr - ₹24 L/yr
1 year (47 salaries)	₹6.9 L/yr - ₹26 L/yr
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2 years (82 salaries)	₹6.4 L/yr - ₹26 L/yr
3 years (85 salaries)	₹6.1 L/yr - ₹25.4 L/yr
4 years (83 salaries)	₹7.5 L/yr - ₹25.3 L/yr
5 years (71 salaries)	₹7.1 L/yr - ₹23.6 L/yr
6 years (55 salaries)	₹6 L/yr - ₹23.5 L/yr
7 years (34 salaries)	₹5.9 L/yr - ₹20.2 L/yr
8 years (40 salaries)	₹6.3 L/yr - ₹22.5 L/yr
9 years (32 salaries)	₹6 L/yr - ₹24.3 L/yr
10 years (18 salaries)	₹6 L/yr - ₹25 L/yr
11 years (12 salaries)	₹9 L/yr - ₹17 L/yr
12 years (7 salaries)	₹6.8 L/yr - ₹21.5 L/yr

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From

Product Manager

₹

Lakhs/yr

0 - 12 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 25 years exp.

Product Manager 0 - 12 years exp.

Senior Product Manager 1 - 9 years exp.

40% hike

Associate Vice President 3 - 21 years exp.

Similar Designation salaries in Kotak Mahindra Bank

Project Manager Salary

(64 salaries)

₹6.24 L/yr - ₹23.98 L/yr

Production Manager Salary

(15 salaries)

₹6.25 L/yr - ₹18 L/yr

Product Owner Salary

(3 salaries)

₹17.7 L/yr - ₹21.2 L/yr

Program Manager Salary

(10 salaries)

₹7 L/yr - ₹20 L/yr

Lead Product Manager Salary

(AmbitionBox Estimate)

₹33.3 L/yr - ₹42.6 L/yr

Group Product Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Product Lead Salary

(4 salaries)

₹25.4 L/yr - ₹32 L/yr

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Senior Product Manager Salary

(164 salaries)

₹9 L/yr - ₹30 L/yr

Digital Product Manager Salary

(21 salaries)

₹12 L/yr - ₹30 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 csr UI Analytical Method Validation New Product Development Typing Speed User Experience Design Product Strategy

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 59 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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fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Product Manager Salary FAQs

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

Product Manager salary at Kotak Mahindra Bank in India ranges between ₹6.4 Lakhs to ₹25.0 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 32% less than the average Product Manager Salary in India. Salary estimates are based on 582 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Product Manager at Kotak Mahindra Bank is 32% less than the average salary of a Product Manager in India. 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 India.

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

Paytm Payments Bank Product Manager Salary - ₹15.5 Lakhs to ₹41.0 Lakhs per year
State Bank of India Product Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year
IDBI Bank Product Manager Salary - ₹11.0 Lakhs to ₹28.0 Lakhs per year
Canara Bank Product Manager Salary - ₹12.0 Lakhs to ₹29.0 Lakhs per year
IndusInd Bank Product Manager Salary - ₹8.0 Lakhs to ₹29.7 Lakhs per year

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

HSBC Global Banking and Markets Product Manager Salary - ₹17.5 Lakhs to ₹24.0 Lakhs per year
South Indian Bank Product Manager Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
IDFC FIRST Bank Product Manager Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
ICICI Bank Product Manager Salary - ₹7.1 Lakhs to ₹27.0 Lakhs per year
Axis Bank Product Manager Salary - ₹8.0 Lakhs to ₹26.5 Lakhs per year

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

The estimated take-home salary of a Product Manager at Kotak Mahindra Bank ranges between ₹1,01,278 per month to ₹1,04,040 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Product Manager salary in India which ranges between ₹6.4 Lakhs to ₹25.0 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 72% of the Kotak Mahindra Bank Product Managers reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 321 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Product Manager Salaries by Location

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Kotak Mahindra Bank Product Manager Salaries

Kotak Mahindra Bank Product Manager salary in India ranges between ₹6.4 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 582 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Product Manager salaries in India

Companies similar to Kotak Mahindra Bank for Product Manager

Latest annual salaries shared by Kotak Mahindra Bank Product Manager

Experience wise Kotak Mahindra Bank Product Manager salaries

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.

Kotak Mahindra Bank Product Manager Salaries by Location