Kotak Mahindra Bank New Delhi Area Head Salaries by 5 Employees

9 - 17 years exp.

₹9 Lakhs - ₹24 Lakhs

Salary of majority employees

63% more than the average Area Head Salary in Banking Companies for 9 - 17 years of experience

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Salaries in different departments

Sales & Business Development Area Head Salary 12 - 15 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹23 L/yr
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Strategic & Top Management Area Head Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹15.4 L/yr - ₹24 L/yr

Last Updated: 9 Oct 2024

Companies similar to Kotak Mahindra Bank for Area Head in New Delhi

Kotak Mahindra Bank Area Head Salary

9 - 17 years exp. (5 salaries)

₹9 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Head Salary 7 - 17 years exp. (32 salaries)	₹6 L/yr - ₹16.9 L/yr 24% less
Jana Small Finance Bank Area Head Salary 3 - 11 years exp. (15 salaries)	₹2.1 L/yr - ₹7.2 L/yr 74% less
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RBL Bank Area Head Salary 10 - 19 years exp. (9 salaries)	₹13 L/yr - ₹22.5 L/yr 6% more
Axis Bank Area Head Salary 12 - 15 years exp. (8 salaries)	₹13 L/yr - ₹22 L/yr 14% more
ICICI Bank Area Head Salary 5 - 12 years exp. (5 salaries)	₹11.5 L/yr - ₹22.6 L/yr 6% more
Yes Bank Area Head Salary 4 - 10 years exp. (3 salaries)	₹11 L/yr - ₹14 L/yr 22% less
IDFC FIRST Bank Area Head Salary 10 - 16 years exp. (3 salaries)	₹14.2 L/yr - ₹27.3 L/yr 6% more
Bank of Baroda Area Head Salary 12 - 13 years exp. (3 salaries)	₹23.8 L/yr - ₹24 L/yr 45% more

Area Head salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹24 Lakhs per year for employees with experience between 9 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Head salaries in New Delhi

Last Updated: 9 Oct 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
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11 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.8 L/yr
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹16.6 L/yr
13 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
14 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.2 L/yr
15+ years (3 salaries)	₹16 L/yr - ₹24 L/yr

View all

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Area Sales Manager Salary

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Area Manager Salary

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Cluster Manager Salary

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Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Area Head Salary FAQs

What is the salary of Area Head at Kotak Mahindra Bank in New Delhi?

The average salary of a Area Head at Kotak Mahindra Bank in New Delhi typically ranges from ₹9.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 9 years to 17 years).

The top 10% of Area Head in New Delhi at Kotak Mahindra Bank earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Area Head Salaries at Kotak Mahindra 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Area Head at Kotak Mahindra Bank in New Delhi?

The estimated take-home salary of a Area Head at Kotak Mahindra Bank in New Delhi typically ranges from ₹1,12,215 to ₹1,15,331 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 9 years to 17 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 5 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Area Head in India?

Bank of Baroda	₹23.8 Lakhs to ₹24.0 Lakhs per year
Axis Bank	₹13.0 Lakhs to ₹22.0 Lakhs per year
RBL Bank	₹13.0 Lakhs to ₹22.5 Lakhs per year
ICICI Bank	₹11.5 Lakhs to ₹22.6 Lakhs per year
IDFC FIRST Bank	₹14.2 Lakhs to ₹27.3 Lakhs per year

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

What is the salary of a Area Head in companies similar to Kotak Mahindra Bank in New Delhi?

The salary of a Area Head at companies similar to Kotak Mahindra Bank in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank	₹11.0 Lakhs to ₹14.0 Lakhs per year
HDFC Bank	₹6.0 Lakhs to ₹16.9 Lakhs per year
Jana Small Finance Bank	₹2.1 Lakhs to ₹7.2 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 Area Head at Kotak Mahindra Bank in New Delhi?

The salary growth for a Area Head at Kotak Mahindra Bank in New Delhi depends on factors such as experience, performance, and promotions. On average, a Area Head in New Delhi can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
9 years	₹11.1 Lakhs to ₹14.2 Lakhs per year
10 years	₹11.7 Lakhs to ₹15.0 Lakhs per year
11 years	₹12.3 Lakhs to ₹15.8 Lakhs per year
12 years	₹13.0 Lakhs to ₹16.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Area Head Salaries in New Delhi

Kotak Mahindra Bank Area Head salary in New Delhi ranges between ₹9 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.