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

1 - 9 years exp.

₹9 Lakhs - ₹28 Lakhs

Salary of majority employees

39% less than the average Senior Product Manager Salary in Banking Companies for 1 - 9 years of experience

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Salaries in different departments

Product Management Senior Product Manager Salary 1 - 9 years exp. (69 salaries)	₹9 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 - 7 years exp. (6 salaries)	₹9.9 L/yr - ₹20.4 L/yr
Data Science & Analytics Senior Product Manager Salary 3 - 9 years exp. (AmbitionBox Estimate)	₹13 L/yr - ₹22.2 L/yr
Finance & Accounting Senior Product Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹19 L/yr - ₹22.1 L/yr

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Last Updated: 9 Feb 2025

Companies similar to Kotak Mahindra Bank for Senior Product Manager in Mumbai

Kotak Mahindra Bank Senior Product Manager Salary

1 - 9 years exp. (136 salaries)

₹9 L/yr - ₹28 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Product Manager Salary 5 - 11 years exp. (99 salaries)	₹10.3 L/yr - ₹35 L/yr 10% more
ICICI Bank Senior Product Manager Salary 2 - 9 years exp. (315 salaries)	₹10 L/yr - ₹35 L/yr 23% more
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Axis Bank Senior Product Manager Salary 2 - 9 years exp. (137 salaries)	₹10.1 L/yr - ₹28.4 L/yr 6% more
Yes Bank Senior Product Manager Salary 2 - 7 years exp. (45 salaries)	₹10 L/yr - ₹26 L/yr 5% more
IndusInd Bank Senior Product Manager Salary 8 - 10 years exp. (3 salaries)	₹12.5 L/yr - ₹28.1 L/yr 35% more
IDFC FIRST Bank Senior Product Manager Salary 2 - 10 years exp. (109 salaries)	₹10.2 L/yr - ₹40 L/yr 26% more
RBL Bank Senior Product Manager Salary 1 - 7 years exp. (18 salaries)	₹9 L/yr - ₹17 L/yr 26% less
Bank of Baroda Senior Product Manager Salary 15 - 16 years exp. (4 salaries)	₹26.4 L/yr - ₹34 L/yr 51% more
Bandhan Bank Senior Product Manager Salary 5 - 6 years exp. (3 salaries)	₹11 L/yr - ₹18.6 L/yr 22% less

Senior Product Manager salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹28 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 136 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Product Manager salaries in Mumbai

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
1 year (8 salaries)	₹14 L/yr - ₹25 L/yr
2 years (12 salaries)	₹12 L/yr - ₹28 L/yr
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3 years (19 salaries)	₹9.9 L/yr - ₹28 L/yr
4 years (18 salaries)	₹10.9 L/yr - ₹26 L/yr
5 years (23 salaries)	₹10.5 L/yr - ₹26 L/yr
6 years (21 salaries)	₹10 L/yr - ₹27 L/yr
7 years (21 salaries)	₹10 L/yr - ₹27 L/yr
8 years (8 salaries)	₹9 L/yr - ₹20 L/yr
9 years (6 salaries)	₹13 L/yr - ₹18 L/yr

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From

Senior Product Manager

₹

Lakhs/yr

1 - 9 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 23 years exp.

Senior Product Manager 1 - 9 years exp.

Associate Vice President 3 - 21 years exp.

1% hike

Vice President 12 - 21 years exp.

103% hike

Similar Designation salaries in Kotak Mahindra Bank

Product Manager Salary

(423 salaries)

₹6 L/yr - ₹25 L/yr

Project Manager Salary

(49 salaries)

₹5.3 L/yr - ₹20 L/yr

Digital Product Manager Salary

(14 salaries)

₹13 L/yr - ₹25.5 L/yr

Senior Project Manager Salary

(11 salaries)

₹12.8 L/yr - ₹27.51 L/yr

Technical Product Manager Salary

(5 salaries)

₹27 L/yr - ₹34 L/yr

Assistant Product Manager Salary

(4 salaries)

₹3.1 L/yr - ₹3.3 L/yr

Salary related reviews for Kotak Mahindra Bank

2.8

Rated by 11 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

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Senior Product Manager Salary FAQs

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

Senior Product Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹9.0 Lakhs to ₹28.0 Lakhs for experience between 1 years to 9 years. According to our estimates it is 39% less than the average Senior Product Manager Salary in India. Salary estimates are based on 136 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Senior Product Manager at Kotak Mahindra Bank is 39% less than the average salary of a Senior Product Manager in Mumbai. To know exact salary insights, login to view.

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

Bank of Baroda Senior Product Manager Salary - ₹26.4 Lakhs to ₹34.0 Lakhs per year
IndusInd Bank Senior Product Manager Salary - ₹12.5 Lakhs to ₹28.1 Lakhs per year
IDFC FIRST Bank Senior Product Manager Salary - ₹10.2 Lakhs to ₹40.0 Lakhs per year
ICICI Bank Senior Product Manager Salary - ₹10.0 Lakhs to ₹35.0 Lakhs per year
HDFC Bank Senior Product Manager Salary - ₹10.3 Lakhs to ₹35.0 Lakhs per year

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

Axis Bank Senior Product Manager Salary - ₹10.1 Lakhs to ₹28.4 Lakhs per year
Yes Bank Senior Product Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
Bandhan Bank Senior Product Manager Salary - ₹11.0 Lakhs to ₹18.6 Lakhs per year
RBL Bank Senior Product Manager Salary - ₹9.0 Lakhs to ₹17.0 Lakhs per year

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

The estimated take-home salary of a Senior Product Manager at Kotak Mahindra Bank ranges between ₹1,28,142 per month to ₹1,32,482 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Product Manager salary in India which ranges between ₹9.0 Lakhs to ₹28.0 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 66% of the Kotak Mahindra Bank Senior Product Managers in Mumbai reported a notice period of 3 Months, 15% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 53 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Product Manager Salaries in Mumbai

Kotak Mahindra Bank Senior Product Manager salary in Mumbai ranges between ₹9 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 136 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Senior Product Manager salaries in Mumbai

Companies similar to Kotak Mahindra Bank for Senior Product Manager in Mumbai

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

Experience wise Kotak Mahindra Bank Senior Product Manager salaries in Mumbai

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.