State Bank of India Product Development Manager Salaries by 4 Employees (Updated 2025)

8 - 12 years exp.

₹22 Lakhs - ₹27 Lakhs

Low Confidence

Salary of majority employees

14% more than the average Product Development Manager Salary in Banking Companies for 8 - 12 years of experience

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Last Updated: 14 Mar 2023

Companies similar to State Bank of India for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Product Development Manager Salary 4 - 14 years exp. (4 salaries)	₹7.6 L/yr - ₹26 L/yr 31% less
Standard Chartered Product Development Manager Salary 6 - 15 years exp. (6 salaries)	₹20 L/yr - ₹34 L/yr 5% more
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Kotak Mahindra Bank Product Development Manager Salary 4 - 9 years exp. (5 salaries)	₹15 L/yr - ₹25.5 L/yr 20% less
American Express Product Development Manager Salary 4 - 15 years exp. (29 salaries)	₹20 L/yr - ₹38 L/yr 25% more
HARMAN Product Development Manager Salary 10 - 16 years exp. (28 salaries)	₹15.2 L/yr - ₹37 L/yr 3% more

Product Development Manager salary at State Bank of India ranges between ₹22 Lakhs to ₹27 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Product Development Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹22 L/yr - ₹41.9 L/yr
9 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹42.6 L/yr
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10 years (AmbitionBox Estimate)	₹21.6 L/yr - ₹27.6 L/yr
11 years (AmbitionBox Estimate)	₹21.9 L/yr - ₹28 L/yr
12 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹27 L/yr

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Salary related reviews for State Bank of India

Deputy Manager in Bokaro

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jan 2025

1.0

for Salary and Benefits

Likes

Fixed salary

Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

Salary - Good

+1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

Skill development - Bad

+3 more

Field Officer in Amravati

Full Time

Other Department

3.0

• posted on 20 Oct 2024

5.0

for Salary and Benefits

Likes

Working at SBI is great satisfaction which comes with job security and Salary and other benefits. working in diffrent roles gives knowledge in overall banking sector

Salary - Excellent

+2 more

Dislikes

There is no work life balance . Lot of work pressure and no sympathy towards staff. Frequent transfers to diffrent locations and high pressure of achieving targets

Work satisfaction - Bad

+2 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Salary - Good

+2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Work satisfaction - Bad

+2 more

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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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State Bank of India Product Development Manager Salary FAQs

What is the salary of Product Development Manager at State Bank of India?

Product Development Manager salary at State Bank of India in India ranges between ₹22.0 Lakhs to ₹27.0 Lakhs for experience between 8 years to 12 years. According to our estimates it is 14% more than the average Product Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Product Development Manager at State Bank of India is 14% more than the average salary of a Product Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Product Development Manager in India?

American Express Product Development Manager Salary - ₹20.0 Lakhs to ₹38.0 Lakhs per year
Standard Chartered Product Development Manager Salary - ₹20.0 Lakhs to ₹34.0 Lakhs per year
HARMAN Product Development Manager Salary - ₹15.2 Lakhs to ₹37.0 Lakhs per year

What is the salary of a Product Development Manager in companies similar to State Bank of India in India?

Kotak Mahindra Bank Product Development Manager Salary - ₹15.0 Lakhs to ₹25.5 Lakhs per year
HDFC Bank Product Development Manager Salary - ₹7.6 Lakhs to ₹26.0 Lakhs per year

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

The estimated take-home salary of a Product Development Manager at State Bank of India ranges between ₹1,56,111 per month to ₹1,62,033 per month in India. The take-home salary calculation is based on the average State Bank of India Product Development Manager salary in India which ranges between ₹22.0 Lakhs to ₹27.0 Lakhs per year for employees with experience between 8 years to 12 years. Check how did we calculate take home salary?

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State Bank of India Product Development Manager Salaries

State Bank of India Product Development Manager salary in India ranges between ₹22 Lakhs to ₹27 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Product Development Manager salaries in India

Companies similar to State Bank of India for Product Development Manager

Latest annual salaries shared by State Bank of India Product Development Manager

Experience wise State Bank of India Product Development Manager salaries

Similar Designation salaries in State Bank of India

Salary related reviews for State Bank of India

Deputy Manager in Bokaro

Deputy Manager in Mumbai

Field Officer in Amravati

Deputy Manager in Mumbai

Deputy Manager in New Delhi

State Bank of India Product Development Manager Salary FAQs

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