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State Bank of India Relationship Manager salaries in Mumbai (Updated 2025)

Annual salary range
3 - 14 years exp.
₹3.5 Lakhs - ₹10.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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16% 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)
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₹5.4 L/yr - ₹11.1 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
5 - 8 years exp. (3 salaries)
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₹5.5 L/yr - ₹7.4 L/yr

Marketing & Communication
Relationship Manager Salary
3 - 7 years exp. (3 salaries)
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₹4 L/yr - ₹10.3 L/yr

Sales & Business Development
Relationship Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹10.1 L/yr

Last Updated: 20 Mar 2025

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

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State Bank of India Relationship Manager Salary

3 - 14 years exp. (25 salaries)

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₹3.5 L/yr - ₹10.8 L/yr

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Company name Avg Annual Salary Open Jobs
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ICICI Bank Relationship Manager Salary

0 - 19 years exp. (1.9k salaries)

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₹3 L/yr - ₹11.4 L/yr

arrow icon 30% more
3 job openings
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HDFC Bank Relationship Manager Salary

0 - 15 years exp. (829 salaries)

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₹2.4 L/yr - ₹12 L/yr

arrow icon 18% more
68 job openings
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Kotak Mahindra Bank Relationship Manager Salary

0 - 10 years exp. (460 salaries)

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₹1.8 L/yr - ₹10 L/yr

arrow icon 2% less
6 job openings
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IndusInd Bank Relationship Manager Salary

0 - 15 years exp. (214 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 39% more
179 job openings
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Axis Bank Relationship Manager Salary

0 - 15 years exp. (197 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 28% more
6 job openings
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Yes Bank Relationship Manager Salary

0 - 13 years exp. (157 salaries)

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₹3.6 L/yr - ₹14.1 L/yr

arrow icon 33% more
16 job openings
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₹3 L/yr - ₹10.5 L/yr

arrow icon 1% less
3 job openings
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IDFC FIRST Bank Relationship Manager Salary

0 - 13 years exp. (101 salaries)

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₹2.7 L/yr - ₹12.1 L/yr

arrow icon 17% more
2 job openings
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Standard Chartered Relationship Manager Salary

1 - 12 years exp. (97 salaries)

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₹4 L/yr - ₹16.7 L/yr

arrow icon 55% more
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Deutsche Bank Relationship Manager Salary

3 - 9 years exp. (18 salaries)

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₹5.1 L/yr - ₹12.9 L/yr

arrow icon 28% more
1 job opening
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Bandhan Bank Relationship Manager Salary

0 - 6 years exp. (16 salaries)

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₹1.9 L/yr - ₹6.9 L/yr

arrow icon 19% less
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IDBI Bank Relationship Manager Salary

1 - 10 years exp. (6 salaries)

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₹11.5 L/yr - ₹22 L/yr

arrow icon 126% more
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Bank of Baroda Relationship Manager Salary

6 - 9 years exp. (3 salaries)

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₹2.7 L/yr - ₹7 L/yr

arrow icon 32% less
Relationship Manager salary at State Bank of India ranges between ₹3.5 Lakhs to ₹10.8 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.

Latest annual salaries shared by State Bank of India Relationship Manager in Mumbai

3w ago
₹8 Lakhs
14 years exp.
1mo ago
₹6.4 Lakhs
6 years exp.
5mo ago
₹5.5 Lakhs
5 years exp.
11mo ago
₹7.4 Lakhs
8 years exp.
1y ago
₹4.3 Lakhs
3 years exp.
1y ago
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8 years exp.
1y ago
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4 years exp.
1y ago
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6 years exp.

Experience wise State Bank of India Relationship Manager salaries in Mumbai

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹2.9 L/yr
4 years  (3 salaries)

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₹1 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
7 years  (6 salaries)

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₹4 L/yr - ₹9.2 L/yr
View all

Similar Designation salaries in State Bank of India

Deputy Manager Salary
(95 salaries)
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₹7.15 L/yr - ₹28 L/yr
Branch Manager Salary
(35 salaries)
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₹12 L/yr - ₹37 L/yr
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₹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

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.

read more
  • 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.

read more
  • Work-life balance - Bad

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Skill development - Bad
  • +3 more

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.

read more
  • 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.

read more
  • Company culture - Poor
  • +1 more

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

read more
  • Work satisfaction - Bad
  • +2 more
see more salary related reviews

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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 ₹10.8 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 ₹46,677 to ₹47,783 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹10.8 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 ₹13.0 Lakhs per year
Yes Bank ₹3.6 Lakhs to ₹14.1 Lakhs per year
ICICI Bank ₹3.0 Lakhs to ₹11.4 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:

Deutsche Bank ₹5.1 Lakhs to ₹12.9 Lakhs per year
Axis Bank ₹3.0 Lakhs to ₹13.0 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 ₹1.0 Lakhs to ₹5.5 Lakhs per year
5 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
6 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Relationship Manager salary in Mumbai ranges between ₹3.5 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 State Bank of India latest salaries received from various employees of State Bank of India.