Kotak Mahindra Bank Bangalore / Bengaluru Area Manager Salaries by 4 Employees

11 - 21 years exp.

₹10 Lakhs - ₹20.5 Lakhs

Salary of majority employees

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62% more than the average Area Manager Salary in Banking Companies for 11 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 19 - 21 years exp. (AmbitionBox Estimate)	Unlock ₹18 L/yr - ₹24.1 L/yr
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Sales & Business Development Area Manager Salary 17 years exp. (AmbitionBox Estimate)	Unlock ₹10.6 L/yr - ₹20.5 L/yr

Last Updated: 30 Aug 2023

Companies similar to Kotak Mahindra Bank for Area Manager in Bangalore / Bengaluru

Kotak Mahindra Bank Area Manager Salary

11 - 21 years exp. (4 salaries)

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₹10 L/yr - ₹20.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Manager Salary 6 - 17 years exp. (6 salaries)	Unlock ₹5.3 L/yr - ₹21 L/yr 26% less
Axis Bank Area Manager Salary 9 - 15 years exp. (5 salaries)	Unlock ₹8 L/yr - ₹16.2 L/yr 34% less
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IDFC FIRST Bank Area Manager Salary 7 - 20 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹14.6 L/yr 32% less
Jana Small Finance Bank Area Manager Salary 3 - 10 years exp. (10 salaries)	Unlock ₹2.8 L/yr - ₹5.5 L/yr 72% less
Ujjivan Small Finance Bank Area Manager Salary 10 - 15 years exp. (7 salaries)	Unlock ₹9.6 L/yr - ₹14.2 L/yr 23% less

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Area Manager salary at Kotak Mahindra Bank ranges between ₹10 Lakhs to ₹20.5 Lakhs per year for employees with experience between 11 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Manager salaries in Bangalore / Bengaluru

Last Updated: 30 Aug 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹22 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹12 L/yr - ₹15.3 L/yr
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13 years (AmbitionBox Estimate)	Unlock ₹12.9 L/yr - ₹16.5 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹13.9 L/yr - ₹17.8 L/yr
15+ years (3 salaries)	Unlock ₹18 L/yr - ₹20.5 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.5k salaries)

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₹2 L/yr - ₹8.5 L/yr

Branch Manager Salary

(127 salaries)

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₹7 L/yr - ₹24 L/yr

Sales Manager Salary

(74 salaries)

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₹2 L/yr - ₹11 L/yr

Team Lead Salary

(49 salaries)

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₹1.7 L/yr - ₹8.5 L/yr

Area Sales Manager Salary

(18 salaries)

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₹5.6 L/yr - ₹20.5 L/yr

Business Manager Salary

(5 salaries)

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₹7.7 L/yr - ₹14 L/yr

Cluster Manager Salary

(5 salaries)

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₹7.1 L/yr - ₹13.93 L/yr

Territory Manager Salary

(3 salaries)

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₹6.7 L/yr - ₹13.08 L/yr

Regional Manager Salary

(3 salaries)

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₹7.48 L/yr - ₹21 L/yr

Top skills at Kotak Mahindra Bank for Area Manager

Relationship Management Team Handling Portfolio Management HNI Sales Wealth Management HNI Acquisition Team Handling HNI Sales Branch Banking Relationship Management Insurance Wealth Management Insurance Sales Area Management RM

Salary related reviews for Kotak Mahindra Bank

Area Manager in Kolkata

Privy Department

2.0

• posted on 18 May 2018

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... not done according to competency neither employees are trained enough to excel. Medical benefits are not provided by employer every month fees tworads mediclaim are deducted from employees salary and on that company only covers for 70 pct of total medical expenses

Salary - Bad

+6 more

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

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Kotak Mahindra Bank Area Manager Salary FAQs

What is the salary of Area Manager at Kotak Mahindra Bank Bangalore / Bengaluru?

Area Manager salary at Kotak Mahindra Bank in Bangalore / Bengaluru ranges between ₹10.0 Lakhs to ₹20.5 Lakhs for experience between 11 years to 21 years. According to our estimates it is 62% more than the average Area Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Bangalore / Bengaluru.

How does the salary of a Area Manager at Kotak Mahindra Bank Bangalore / Bengaluru compare with the average salary range for this job?

The average salary of a Area Manager at Kotak Mahindra Bank is 62% more than the average salary of a Area Manager in Bangalore / Bengaluru. To know exact salary insights, login to view.

What are the top skills required to work as a Area Manager at Kotak Mahindra Bank?

Relationship Management, Team Handling, Portfolio Management, HNI Sales and Wealth Management are some of the popular skills required to work as a Area Manager at Kotak Mahindra Bank Bangalore / Bengaluru.

What is the salary of a Area Manager in companies similar to Kotak Mahindra Bank in Bangalore / Bengaluru?

Ujjivan Small Finance Bank Area Manager Salary - ₹9.6 Lakhs to ₹14.2 Lakhs per year
HDFC Bank Area Manager Salary - ₹5.3 Lakhs to ₹21.0 Lakhs per year
IDFC FIRST Bank Area Manager Salary - ₹5.0 Lakhs to ₹14.6 Lakhs per year
Axis Bank Area Manager Salary - ₹8.0 Lakhs to ₹16.2 Lakhs per year
Jana Small Finance Bank Area Manager Salary - ₹2.8 Lakhs to ₹5.5 Lakhs per year

What is the estimated take home salary of a Area Manager at Kotak Mahindra Bank in Bangalore / Bengaluru?

The estimated take-home salary of a Area Manager at Kotak Mahindra Bank ranges between ₹1,15,660 per month to ₹1,18,888 per month in Bangalore / Bengaluru. The take-home salary calculation is based on the average Kotak Mahindra Bank Area Manager salary in India which ranges between ₹10.0 Lakhs to ₹20.5 Lakhs per year for employees with experience between 11 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Kotak Mahindra Bank in Bangalore / Bengaluru?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Area Managers in Bangalore / Bengaluru reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Area Manager Salaries in Bangalore / Bengaluru

Kotak Mahindra Bank Area Manager salary in Bangalore / Bengaluru ranges between ₹10 Lakhs to ₹20.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.