South Indian Bank Product Manager Salaries by 9 Employees

8 - 12 years exp.

₹12 Lakhs - ₹28 Lakhs

Low Confidence

Salary of majority employees

Fixed (86%)

₹16.7 Lakhs

Variable (14%)

₹2.7 Lakhs

10% less than the average Product Manager Salary in Banking Companies for 8 - 12 years of experience

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Salaries in different departments

Product Management Product Manager Salary 8 - 12 years exp. (6 salaries)	₹13 L/yr - ₹28 L/yr
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Project & Program Management Product Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹22 L/yr

Last Updated: 3 Nov 2024

Companies similar to South Indian Bank for Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Product Manager Salary 0 - 10 years exp. (3.1k salaries)	₹7.4 L/yr - ₹27.1 L/yr 10% less
HDFC Bank Product Manager Salary 0 - 14 years exp. (821 salaries)	₹7 L/yr - ₹25 L/yr 22% less
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Kotak Mahindra Bank Product Manager Salary 0 - 10 years exp. (584 salaries)	₹6.3 L/yr - ₹25.1 L/yr 23% less	1 job opening
Axis Bank Product Manager Salary 0 - 10 years exp. (566 salaries)	₹7 L/yr - ₹25.9 L/yr 14% less
IDFC FIRST Bank Product Manager Salary 0 - 6 years exp. (482 salaries)	₹8.9 L/yr - ₹30 L/yr 1% more
Yes Bank Product Manager Salary 0 - 10 years exp. (216 salaries)	₹8.7 L/yr - ₹28.5 L/yr 5% less	2 job openings
RBL Bank Product Manager Salary 1 - 7 years exp. (156 salaries)	₹6.3 L/yr - ₹23 L/yr 30% less	1 job opening
IndusInd Bank Product Manager Salary 0 - 10 years exp. (138 salaries)	₹9.5 L/yr - ₹34.1 L/yr 5% more
Ujjivan Small Finance Bank Product Manager Salary 2 - 8 years exp. (82 salaries)	₹7 L/yr - ₹25 L/yr 19% less
Paytm Payments Bank Product Manager Salary 2 - 6 years exp. (40 salaries)	₹15.5 L/yr - ₹41 L/yr 31% more
Bandhan Bank Product Manager Salary 1 - 13 years exp. (38 salaries)	₹5 L/yr - ₹20 L/yr 38% less
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Utkarsh Small Finance Bank Product Manager Salary 1 - 14 years exp. (30 salaries)	₹5 L/yr - ₹17 L/yr 45% less
Jana Small Finance Bank Product Manager Salary 1 - 5 years exp. (23 salaries)	₹7 L/yr - ₹19 L/yr 29% less
Federal Bank Product Manager Salary 1 - 9 years exp. (22 salaries)	₹12 L/yr - ₹22 L/yr 14% less
IDBI Bank Product Manager Salary 6 - 13 years exp. (6 salaries)	₹11 L/yr - ₹28 L/yr 4% more
Shinhan Bank Product Manager Salary 5 - 14 years exp. (6 salaries)	₹11 L/yr - ₹12.5 L/yr 39% less
Canara Bank Product Manager Salary 8 - 14 years exp. (5 salaries)	₹12 L/yr - ₹29 L/yr 1% more
The Saraswat Co-operative Bank Product Manager Salary 4 - 13 years exp. (5 salaries)	₹7.8 L/yr - ₹12.6 L/yr 49% less
HSBC Global Banking and Markets Product Manager Salary 0 - 8 years exp. (4 salaries)	₹17.5 L/yr - ₹24 L/yr 1% more
Emirates NBD Product Manager Salary 6 - 10 years exp. (4 salaries)	₹32 L/yr - ₹55 L/yr 98% more

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Product Manager salary at South Indian Bank ranges between ₹12 Lakhs to ₹28 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 9 latest salaries received from various employees of South Indian Bank.

Experience wise South Indian Bank Product Manager salaries

Last Updated: 3 Nov 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹12 L/yr - ₹18 L/yr
9 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹35 L/yr
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10 years (AmbitionBox Estimate)	₹13 L/yr - ₹22 L/yr
11 years (AmbitionBox Estimate)	₹22 L/yr - ₹41.4 L/yr
12 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹28 L/yr

Similar Designation salaries in South Indian Bank

Project Manager Salary

(3 salaries)

₹11 L/yr - ₹28 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹27 L/yr - ₹34.5 L/yr

Product Owner Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Product Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Business Analyst Salary

(6 salaries)

₹9 L/yr - ₹13.5 L/yr

Senior Business Analyst Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Assistant Vice President Salary

(3 salaries)

₹20 L/yr - ₹38 L/yr

Salary related reviews for South Indian Bank

4.0

Rated by 1 employees for salary & benefits

Assistant Manager in Kochi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 May 2024

4.0

for Salary and Benefits

Likes

Salary assured for IBA pay scale staff. No assurance for CTC staff. Not sure what will happen in salary for IBA scale staffs in coming years.

Salary - Good

+1 more

Dislikes

Work culture and work life balance adversely affected after introduction of cluster system in 2021. Excellent in alloting huge targets but worst in getting assistance for departments in solving customer complaints. Mental and physical health of staff seriously affected. Threatening messages through WhatsApp. Have to contact customers through personal mobile so that staff has to attend customer while at home and holidays.

Work satisfaction - Bad

+1 more

Officer in Ludhiana

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 May 2024

4.0

for Salary and Benefits

Likes

Salary benefits

Salary - Good

Dislikes

Worst Work Culture,don't waste your potential just for few more money.Huge Target Pressure and Politics, Nepotism at peak only malayali people sit and enjoy being here ,while other staff are tortured , harassed on daily basis.No matter how Educated,good Employee you're if you don't meet their Targets and don't Butter your senior each and every minute.People in Other part of India except kerela don't even know About Bank so think about it how difficult will be To meet Target,even if you meet Targets you have to Butter.If you like to get treated like animal then you guys can join

Skill development - Bad

+5 more

Assistant Manager Operations in Chennai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Jan 2025

5.0

for Salary and Benefits

Likes

Only salary and allowance at par with IBA till date.....

Salary - Excellent

Dislikes

There is no continuous Management at top level sudden changing in the management only orders and circular issuance.There is lot of higher ups to supervise us and sought us No one will come for ground work not recommended for youngsters

Skill development - Poor

+3 more

Probationary Officer in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Jul 2024

3.0

for Salary and Benefits

Likes

Less Pressure Salary, Perks & Other benefit

Dislikes

Words Would be Less to Describe the Disliking Outdated Bank Policies Terrible Management at top No Vision to Serve & Retain Good Customers No Marketing & Promotion Brand Name is hardly Known to people

Skill development - Bad

+4 more

Probationary Officer in Kochi

Full Time

Data Science & Analytics Department

4.0

• posted on 08 Oct 2023

5.0

for Salary and Benefits

Likes

Salary and work structure is just like a Govt. bank. IBA scales are maintained. Also the work life balance is quite decent compared to other private sector banks. Most of the employees are quite young (below 35 years) so that is an added advantage too.

Salary - Excellent

+5 more

Dislikes

Sometime too much of regulations and rules hurt the business

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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South Indian Bank Product Manager Salary FAQs

What is the salary of Product Manager at South Indian Bank ?

The average salary of a Product Manager at South Indian Bank in India typically ranges from ₹12.0 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 8 years to 12 years).

The top 10% of Product Manager at South Indian Bank earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Product Manager Salaries at South Indian 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 9 South Indian Bank employees in India.

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

The estimated take-home salary of a Product Manager at South Indian Bank in India typically ranges from ₹1,28,794 to ₹1,33,221 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 8 years to 12 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 9 salaries received from various employees of South Indian Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Emirates NBD	₹32.0 Lakhs to ₹55.0 Lakhs per year
Paytm Payments Bank	₹15.5 Lakhs to ₹41.0 Lakhs per year
IndusInd Bank	₹9.5 Lakhs to ₹34.1 Lakhs per year
IDBI Bank	₹11.0 Lakhs to ₹28.0 Lakhs per year
Canara Bank	₹12.0 Lakhs to ₹29.0 Lakhs per year

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

What is the salary of a Product Manager in companies similar to South Indian Bank in India?

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

HSBC Global Banking and Markets	₹17.5 Lakhs to ₹24.0 Lakhs per year
IDFC FIRST Bank	₹8.9 Lakhs to ₹30.0 Lakhs per year
Yes Bank	₹8.7 Lakhs to ₹28.5 Lakhs per year
ICICI Bank	₹7.4 Lakhs to ₹27.1 Lakhs per year
Axis Bank	₹7.0 Lakhs to ₹25.9 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 South Indian Bank in India?

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

Experience	Average Salary Range
8 years	₹12.0 Lakhs to ₹18.0 Lakhs per year
9 years	₹17.5 Lakhs to ₹35.0 Lakhs per year
10 years	₹13.0 Lakhs to ₹22.0 Lakhs per year
11 years	₹22.0 Lakhs to ₹41.4 Lakhs per year

and so on.

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South Indian Bank Product Manager Salaries

South Indian Bank Product Manager salary in India ranges between ₹12 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 South Indian Bank latest salaries received from various employees of South Indian Bank.