Kotak Mahindra Bank Senior Product Manager Salaries by 100+ Employees (Updated 2025)

1 - 10 years exp.

₹9.9 Lakhs - ₹28 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Senior Product Manager Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

Product Management Senior Product Manager Salary 1 - 9 years exp. (80 salaries)	₹10.5 L/yr - ₹28 L/yr
BFSI, Investments & Trading Senior Product Manager Salary 2 - 9 years exp. (12 salaries)	₹10 L/yr - ₹23 L/yr
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Marketing & Communication Senior Product Manager Salary 3 - 8 years exp. (7 salaries)	₹9.9 L/yr - ₹21.9 L/yr
Data Science & Analytics Senior Product Manager Salary 3 - 10 years exp. (4 salaries)	₹13 L/yr - ₹24 L/yr
Consulting Senior Product Manager Salary 3 - 4 years exp. (3 salaries)	₹18.3 L/yr - ₹27 L/yr

View all

Last Updated: 1 Apr 2025

Companies similar to Kotak Mahindra Bank for Senior Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior Product Manager Salary 2 - 9 years exp. (406 salaries)	₹15 L/yr - ₹35 L/yr 21% more
Axis Bank Senior Product Manager Salary 2 - 9 years exp. (191 salaries)	₹10.1 L/yr - ₹32 L/yr 9% more
Login to view exact salary
HDFC Bank Senior Product Manager Salary 5 - 11 years exp. (150 salaries)	₹10.3 L/yr - ₹35 L/yr 8% more
IDFC FIRST Bank Senior Product Manager Salary 2 - 10 years exp. (163 salaries)	₹10.8 L/yr - ₹40 L/yr 24% more
RBL Bank Senior Product Manager Salary 1 - 6 years exp. (53 salaries)	₹9 L/yr - ₹20 L/yr 24% less
Yes Bank Senior Product Manager Salary 2 - 7 years exp. (51 salaries)	₹10 L/yr - ₹26 L/yr 2% more
IndusInd Bank Senior Product Manager Salary 7 - 12 years exp. (19 salaries)	₹19.3 L/yr - ₹49 L/yr 95% more
Ujjivan Small Finance Bank Senior Product Manager Salary 1 - 7 years exp. (18 salaries)	₹9.7 L/yr - ₹21 L/yr 33% less
Jana Small Finance Bank Senior Product Manager Salary 3 - 7 years exp. (11 salaries)	₹14.2 L/yr - ₹35 L/yr 27% more
Bandhan Bank Senior Product Manager Salary 5 - 8 years exp. (8 salaries)	₹11 L/yr - ₹23 L/yr 21% less
Paytm Payments Bank Senior Product Manager Salary 5 - 10 years exp. (7 salaries)	₹21.7 L/yr - ₹60 L/yr 110% more
Login to view exact salary
Federal Bank Senior Product Manager Salary 6 - 10 years exp. (4 salaries)	₹22 L/yr - ₹27 L/yr 23% more
Bank of Baroda Senior Product Manager Salary 15 - 16 years exp. (4 salaries)	₹26.4 L/yr - ₹34 L/yr 48% more

Senior Product Manager salary at Kotak Mahindra Bank ranges between ₹9.9 Lakhs to ₹28 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 169 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Senior Product Manager

3d ago

₹20 Lakhs

6 years exp.

2w ago

₹20 Lakhs

5 years exp.

2w ago

₹17 Lakhs

3 years exp.

3w ago

₹18.1 Lakhs

5 years exp.

3w ago

₹28 Lakhs

4 years exp.

1mo ago

4 years exp.

1mo ago

6 years exp.

1mo ago

6 years exp.

1mo ago

7 years exp.

1mo ago

5 years exp.

Experience wise Kotak Mahindra Bank Senior Product Manager salaries

Last Updated: 1 Apr 2025

Experience	Avg Annual Salary
1 year (8 salaries)	₹14 L/yr - ₹25 L/yr
2 years (11 salaries)	₹14.4 L/yr - ₹24 L/yr
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3 years (24 salaries)	₹9.9 L/yr - ₹28 L/yr
4 years (28 salaries)	₹10.9 L/yr - ₹28 L/yr
5 years (33 salaries)	₹10.5 L/yr - ₹28 L/yr
6 years (26 salaries)	₹10 L/yr - ₹27 L/yr
7 years (20 salaries)	₹10 L/yr - ₹26 L/yr
8 years (11 salaries)	₹10 L/yr - ₹20 L/yr
9 years (5 salaries)	₹13 L/yr - ₹18 L/yr
10 years (3 salaries)	₹12 L/yr - ₹29.4 L/yr

View all

From

Senior Product Manager

₹

Lakhs/yr

1 - 10 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Senior Product Manager

1 - 10 years exp.

Associate Vice President

3 - 21 years exp.

3% hike

Vice President

12 - 21 years exp.

105% hike

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

Senior Project Manager Salary

(11 salaries)

₹12.8 L/yr - ₹27.51 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

Technical Product Manager Salary

(5 salaries)

₹26.95 L/yr - ₹34 L/yr

Digital Product Manager Salary

(21 salaries)

₹10 L/yr - ₹30 L/yr

Principal Product Manager Salary

(AmbitionBox Estimate)

₹47.5 L/yr - ₹52.5 L/yr

Product Manager Salary

(590 salaries)

₹6.25 L/yr - ₹25 L/yr

Associate Product Manager Salary

(6 salaries)

₹8.92 L/yr - ₹20 L/yr

Assistant Product Manager Salary

(5 salaries)

₹3.1 L/yr - ₹3.5 L/yr

Project Manager Salary

(60 salaries)

₹5.79 L/yr - ₹24.3 L/yr

Salary related reviews for Kotak Mahindra Bank

2.8

Rated by 14 employees for salary & benefits

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

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

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 Senior Product Manager Salary FAQs

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

The average salary of a Senior Product Manager at Kotak Mahindra Bank in India typically ranges from ₹9.9 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Senior Product Manager at Kotak Mahindra Bank earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Senior 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 100+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Senior Product Manager at Kotak Mahindra Bank in India typically ranges from ₹1,30,325 to ₹1,34,956 per month. This is based on the average salary range of ₹9.9 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 1 year to 10 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 100+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Paytm Payments Bank	₹21.7 Lakhs to ₹60.0 Lakhs per year
IndusInd Bank	₹19.3 Lakhs to ₹49.0 Lakhs per year
Bank of Baroda	₹26.4 Lakhs to ₹34.0 Lakhs per year
Jana Small Finance Bank	₹14.2 Lakhs to ₹35.0 Lakhs per year
IDFC FIRST Bank	₹10.8 Lakhs to ₹40.0 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 Senior Product Manager in companies similar to Kotak Mahindra Bank in India?

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

Federal Bank	₹22.0 Lakhs to ₹27.0 Lakhs per year
ICICI Bank	₹15.0 Lakhs to ₹35.0 Lakhs per year
Axis Bank	₹10.1 Lakhs to ₹32.0 Lakhs per year
HDFC Bank	₹10.3 Lakhs to ₹35.0 Lakhs per year
Yes Bank	₹10.0 Lakhs to ₹26.0 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 Senior Product Manager at Kotak Mahindra Bank in India?

The salary growth for a Senior Product Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Senior Product Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
1 year	₹14.0 Lakhs to ₹25.0 Lakhs per year
2 years	₹14.4 Lakhs to ₹24.0 Lakhs per year
3 years	₹9.9 Lakhs to ₹28.0 Lakhs per year
4 years	₹10.9 Lakhs to ₹28.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Product Manager Salaries by Location

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Kotak Mahindra Bank Senior Product Manager Salaries

Kotak Mahindra Bank Senior Product Manager salary in India ranges between ₹9.9 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 169 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Senior Product Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Senior Product Manager

Latest annual salaries shared by Kotak Mahindra Bank Senior Product Manager

Experience wise Kotak Mahindra Bank Senior Product Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Senior Product Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Senior Product Manager Salaries by Location