RBL Bank Mumbai Product Manager Salaries by 60+ Employees (Updated 2025)

1 - 7 years exp.

₹6.5 Lakhs - ₹21.2 Lakhs

Salary of majority employees

40% less than the average Product Manager Salary in Banking Companies for 1 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Product Management Product Manager Salary 1 - 7 years exp. (36 salaries)	₹6.5 L/yr - ₹19.3 L/yr
Strategic & Top Management Product Manager Salary 5 - 7 years exp. (3 salaries)	₹12 L/yr - ₹15 L/yr
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BFSI, Investments & Trading Product Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹11.9 L/yr
Data Science & Analytics Product Manager Salary 7 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹11.8 L/yr
Project & Program Management Product Manager Salary 2 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹15.8 L/yr

Last Updated: 14 Mar 2025

Companies similar to RBL Bank for Product Manager in Mumbai

RBL Bank Product Manager Salary

1 - 7 years exp. (65 salaries)

₹6.5 L/yr - ₹21.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Product Manager Salary 0 - 10 years exp. (2k salaries)	₹7.5 L/yr - ₹27 L/yr 42% more
HDFC Bank Product Manager Salary 0 - 14 years exp. (621 salaries)	₹7 L/yr - ₹25.6 L/yr 24% more
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Axis Bank Product Manager Salary 0 - 10 years exp. (440 salaries)	₹7 L/yr - ₹27.2 L/yr 35% more
Kotak Mahindra Bank Product Manager Salary 0 - 12 years exp. (425 salaries)	₹6.5 L/yr - ₹25 L/yr 22% more	1 job opening
IDFC FIRST Bank Product Manager Salary 0 - 7 years exp. (363 salaries)	₹8.3 L/yr - ₹30 L/yr 55% more
Yes Bank Product Manager Salary 0 - 10 years exp. (189 salaries)	₹8.8 L/yr - ₹28 L/yr 52% more	2 job openings
IndusInd Bank Product Manager Salary 0 - 10 years exp. (42 salaries)	₹7.3 L/yr - ₹30.9 L/yr 45% more
Standard Chartered Product Manager Salary 4 - 12 years exp. (17 salaries)	₹13 L/yr - ₹45 L/yr 132% more
Federal Bank Product Manager Salary 1 - 9 years exp. (10 salaries)	₹12 L/yr - ₹17 L/yr 35% more
Shinhan Bank Product Manager Salary 5 - 14 years exp. (6 salaries)	₹11 L/yr - ₹12.5 L/yr 5% less
IDBI Bank Product Manager Salary 8 - 13 years exp. (4 salaries)	₹16 L/yr - ₹28 L/yr 68% more
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Utkarsh Small Finance Bank Product Manager Salary 7 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹17 L/yr 6% more

Product Manager salary at RBL Bank ranges between ₹6.5 Lakhs to ₹21.2 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 65 latest salaries received from various employees of RBL Bank.

Experience wise RBL Bank Product Manager salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
1 year (7 salaries)	₹6.7 L/yr - ₹15 L/yr
2 years (9 salaries)	₹10 L/yr - ₹14.5 L/yr
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3 years (10 salaries)	₹7 L/yr - ₹20.8 L/yr
4 years (19 salaries)	₹6.5 L/yr - ₹21.8 L/yr
5 years (7 salaries)	₹9 L/yr - ₹20 L/yr
6 years (7 salaries)	₹6.5 L/yr - ₹16 L/yr
7 years (6 salaries)	₹6.5 L/yr - ₹16 L/yr

View all

Similar Designation salaries in RBL Bank

Deputy Manager Salary

(471 salaries)

₹3 L/yr - ₹8 L/yr

Project Manager Salary

(24 salaries)

₹5 L/yr - ₹13.5 L/yr

Senior Product Manager Salary

(17 salaries)

₹9 L/yr - ₹17 L/yr

Program Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Top skills at RBL Bank for Product Manager

Product Management Marketing Product Management Product Strategy Sales Product Marketing New Product Development Retail Lending User Interface Designing New Product Translation Credit Cards QT Capsules Stakeholder Management

Salary related reviews for RBL Bank

3.2

Rated by 9 employees for salary & benefits

Product Manager in Mumbai

Product Management Department

1.0

• posted on 27 Jul 2021

1.0

for Salary and Benefits

Likes

Job security is good since employees quit constantly

Dislikes

...e is no automation on basic day to day activities which consume all your time. Pay is too less compared to the market. Managers are not helpful. They dont care about your health or well being. Faced lot of problems during pandemic though I work in corporate office in a role which is neither customer facing nor requires my presence at the office.

Salary - Bad

+5 more

Product Manager in Mumbai

Product Management Department

5.0

• posted on 11 Aug 2021

5.0

for Salary and Benefits

Likes

Work Culture is pretty good & cordial- Seniors have an open door policy. Worklife balance is definitely a plus & lots of learning opportunities for beginners.

Salary - Excellent

+6 more

Dislikes

Salary to some extent , if raised at entry level, would become a fantastic addition.

Deputy Manager in Navi Mumbai

CSR & Social Service Department

2.0

• posted on 26 Dec 2021

1.0

for Salary and Benefits

Likes

Exposure and responsibilities beyond experience which gives a person to learn.

Dislikes

1. No Industry parity in pay 2. Toxic work culture 3. No work-life balance 4. Unbearable infrastructure 5. Namesake designations without much impact on earnings.

Salary - Bad

+5 more

Deputy Manager in Navi Mumbai

Finance & Accounting Department

2.0

• posted on 06 Dec 2020

1.0

for Salary and Benefits

Likes

I'm in branch banking operations and manager and other upper level staff has no transperancy between them and ground level operations staff. The worst manager I got, I mean when I got affected with corona he didn't even bother to call me and ask me about my health. We are not allowed to work from home or on alternative days at all. Poor management.

Dislikes

...e turned on their conditions. They offered me branch banking operations role. i.e service delivery ambassador non cash with low package and now they changed my role to aspire Relationship manager with same remuneration. Where, other people are joining as aspire RM are getting better remuneration than operations staff.

Salary - Bad

+6 more

Assistant Vice President

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 Mar 2019

3.0

for Salary and Benefits

Likes

Excellent experience. Good place to work Fastest growing up. Adopting latest technology.Am part of one of important lending product. Culture is good and good support from management team.

Skill development - Good

+5 more

Dislikes

Compensation is decent.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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RBL Bank Product Manager Salary FAQs

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

The average salary of a Product Manager at RBL Bank in Mumbai typically ranges from ₹6.5 Lakhs to ₹21.2 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Product Manager in Mumbai at RBL Bank earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹22.7 Lakhs per year. Product Manager Salaries at RBL 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 60+ RBL Bank employees in India.

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

The estimated take-home salary of a Product Manager at RBL Bank in Mumbai typically ranges from ₹87,440 to ₹89,734 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹21.2 Lakhs per year for employees with experience ranging from 1 year to 7 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 60+ salaries received from various employees of RBL 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 RBL Bank in Mumbai?

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

- Product Management
- Marketing
- Product Management
- Product Strategy
- Sales

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

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

Standard Chartered	₹13.0 Lakhs to ₹45.0 Lakhs per year
IDBI Bank	₹16.0 Lakhs to ₹28.0 Lakhs per year
IDFC FIRST Bank	₹8.3 Lakhs to ₹30.0 Lakhs per year
Yes Bank	₹8.8 Lakhs to ₹28.0 Lakhs per year
IndusInd Bank	₹7.3 Lakhs to ₹30.9 Lakhs per year

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

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

The salary of a Product Manager at companies similar to RBL 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 ₹27.2 Lakhs per year
HDFC Bank	₹7.0 Lakhs to ₹25.6 Lakhs per year
Kotak Mahindra Bank	₹6.5 Lakhs to ₹25.0 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 RBL Bank in Mumbai?

The salary growth for a Product Manager at RBL 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 RBL Bank:

Experience	Average Salary Range
1 year	₹6.7 Lakhs to ₹15.0 Lakhs per year
2 years	₹10.0 Lakhs to ₹14.5 Lakhs per year
3 years	₹7.0 Lakhs to ₹20.8 Lakhs per year
4 years	₹6.5 Lakhs to ₹21.8 Lakhs per year

and so on.

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RBL Bank Product Manager Salaries in Mumbai

RBL Bank Product Manager salary in Mumbai ranges between ₹6.5 Lakhs to ₹21.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 65 RBL Bank latest salaries received from various employees of RBL Bank.