State Bank of India Mumbai Relationship Manager Salaries by 20+ Employees (Updated 2025)

3 - 14 years exp.

₹3.5 Lakhs - ₹11 Lakhs

Avg. annual salary

Monthly In-hand Salary

22% more than the average Relationship Manager Salary in Banking Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 4 - 14 years exp. (11 salaries)	₹5.4 L/yr - ₹11.2 L/yr
Customer Success, Service & Operations Relationship Manager Salary 5 - 8 years exp. (3 salaries)	₹5.5 L/yr - ₹7.4 L/yr
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Marketing & Communication Relationship Manager Salary 3 - 7 years exp. (3 salaries)	₹4 L/yr - ₹10.5 L/yr
Sales & Business Development Relationship Manager Salary 4 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.3 L/yr

Last Updated: 20 Mar 2025

Companies similar to State Bank of India for Relationship Manager in Mumbai

State Bank of India Relationship Manager Salary

3 - 14 years exp. (25 salaries)

₹3.5 L/yr - ₹11 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Relationship Manager Salary 0 - 19 years exp. (1.9k salaries)	₹3.1 L/yr - ₹11.5 L/yr 24% more
HDFC Bank Relationship Manager Salary 0 - 15 years exp. (832 salaries)	₹2.4 L/yr - ₹12 L/yr 14% more	63 job openings
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Kotak Mahindra Bank Relationship Manager Salary 0 - 12 years exp. (460 salaries)	₹1.8 L/yr - ₹10 L/yr 7% less	5 job openings
IndusInd Bank Relationship Manager Salary 0 - 15 years exp. (215 salaries)	₹3.5 L/yr - ₹13.2 L/yr 33% more	141 job openings
Axis Bank Relationship Manager Salary 0 - 15 years exp. (197 salaries)	₹3 L/yr - ₹13.3 L/yr 22% more	4 job openings
Yes Bank Relationship Manager Salary 0 - 13 years exp. (155 salaries)	₹3.2 L/yr - ₹14.6 L/yr 27% more	10 job openings
AU Small Finance Bank Relationship Manager Salary 0 - 11 years exp. (103 salaries)	₹3 L/yr - ₹10.5 L/yr 4% less	3 job openings
IDFC FIRST Bank Relationship Manager Salary 0 - 13 years exp. (101 salaries)	₹2.7 L/yr - ₹12.1 L/yr 9% more	5 job openings
Standard Chartered Relationship Manager Salary 1 - 12 years exp. (97 salaries)	₹4 L/yr - ₹16.7 L/yr 47% more
Deutsche Bank Relationship Manager Salary 3 - 9 years exp. (18 salaries)	₹5.1 L/yr - ₹12.9 L/yr 22% more	1 job opening
Bandhan Bank Relationship Manager Salary 0 - 6 years exp. (16 salaries)	₹1.9 L/yr - ₹6.9 L/yr 25% less
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IDBI Bank Relationship Manager Salary 1 - 10 years exp. (6 salaries)	₹11.5 L/yr - ₹22 L/yr 115% more
Bank of Baroda Relationship Manager Salary 6 - 9 years exp. (3 salaries)	₹2.7 L/yr - ₹7 L/yr 35% less

Relationship Manager salary at State Bank of India ranges between ₹3.5 Lakhs to ₹11 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 25 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Relationship Manager salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
4 years (3 salaries)	₹1.2 L/yr - ₹5.5 L/yr
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5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
7 years (6 salaries)	₹4 L/yr - ₹10.2 L/yr
8 years (5 salaries)	₹5 L/yr - ₹11.7 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
12 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
13 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
14 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr

View all

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(89 salaries)

₹7.11 L/yr - ₹28 L/yr

Branch Manager Salary

(31 salaries)

₹12 L/yr - ₹28 L/yr

Relationship Officer Salary

(5 salaries)

₹1.9 L/yr - ₹3.2 L/yr

Top skills at State Bank of India for Relationship Manager

Wealth Management Relationship Management Life Insurance Compliance Finance General Insurance HNI Client Handling Banking Casa private banking Internet Banking Sales Team Leading Relationship Building CRM

Salary related reviews for State Bank of India

4.2

Rated by 8 employees for salary & benefits

Deputy Manager in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 20 Mar 2025

4.0

for Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

Salary - Good

+4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

Work-life balance - Bad

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

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

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State Bank of India Relationship Manager Salary FAQs

What is the salary of Relationship Manager at State Bank of India in Mumbai?

The average salary of a Relationship Manager at State Bank of India in Mumbai typically ranges from ₹3.5 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 3 years to 14 years).

The top 10% of Relationship Manager in Mumbai at State Bank of India earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹16.5 Lakhs per year. Relationship Manager Salaries at State Bank of India 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 20+ State Bank of India employees in India.

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

The estimated take-home salary of a Relationship Manager at State Bank of India in Mumbai typically ranges from ₹49,342 to ₹50,508 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 3 years to 14 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 20+ salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Relationship Manager at State Bank of India in Mumbai?

To be a Relationship Manager at State Bank of India in Mumbai, the key skills required include:

- Wealth Management
- Relationship Management
- Life Insurance
- Compliance
- Finance

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

Which companies offer higher salaries than State Bank of India for Relationship Manager in India?

IDBI Bank	₹11.5 Lakhs to ₹22.0 Lakhs per year
Standard Chartered	₹4.0 Lakhs to ₹16.7 Lakhs per year
IndusInd Bank	₹3.5 Lakhs to ₹13.2 Lakhs per year
Yes Bank	₹3.2 Lakhs to ₹14.6 Lakhs per year
ICICI Bank	₹3.1 Lakhs to ₹11.5 Lakhs per year

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

What is the salary of a Relationship Manager in companies similar to State Bank of India in Mumbai?

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

Axis Bank	₹3.0 Lakhs to ₹13.3 Lakhs per year
Deutsche Bank	₹5.1 Lakhs to ₹12.9 Lakhs per year
HDFC Bank	₹2.4 Lakhs to ₹12.0 Lakhs per year
IDFC FIRST Bank	₹2.7 Lakhs to ₹12.1 Lakhs per year
AU Small Finance Bank	₹3.0 Lakhs to ₹10.5 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 Relationship Manager at State Bank of India in Mumbai?

The salary growth for a Relationship Manager at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Mumbai can expect the following growth trajectory at State Bank of India:

Experience	Average Salary Range
3 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
4 years	₹1.2 Lakhs to ₹5.5 Lakhs per year
5 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
6 years	₹4.3 Lakhs to ₹5.5 Lakhs per year

and so on.

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State Bank of India Relationship Manager Salaries in Mumbai

State Bank of India Relationship Manager salary in Mumbai ranges between ₹3.5 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 State Bank of India latest salaries received from various employees of State Bank of India.