Kotak Mahindra Bank Chennai Area Manager Salaries by 5 Employees (Updated 2025)

11 - 19 years exp.

₹11 Lakhs - ₹19 Lakhs

Salary of majority employees

44% more than the average Area Manager Salary in Banking Companies for 11 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹17 L/yr
Customer Success, Service & Operations Area Manager Salary 11 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹21.2 L/yr
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Sales & Business Development Area Manager Salary 16 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹19 L/yr

Last Updated: 2 Nov 2024

Companies similar to Kotak Mahindra Bank for Area Manager in Chennai

Kotak Mahindra Bank Area Manager Salary

11 - 19 years exp. (5 salaries)

₹11 L/yr - ₹19 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Manager Salary 7 - 13 years exp. (4 salaries)	₹7 L/yr - ₹15 L/yr 19% less
ICICI Bank Area Manager Salary 6 - 14 years exp. (6 salaries)	₹4.5 L/yr - ₹9 L/yr 41% less
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Axis Bank Area Manager Salary 7 - 16 years exp. (6 salaries)	₹3.6 L/yr - ₹12 L/yr 43% less
IndusInd Bank Area Manager Salary 12 - 17 years exp. (3 salaries)	₹8 L/yr - ₹21 L/yr 3% more	4 job openings
Bandhan Bank Area Manager Salary 3 - 14 years exp. (15 salaries)	₹3 L/yr - ₹9.2 L/yr 63% less
Jana Small Finance Bank Area Manager Salary 3 - 9 years exp. (14 salaries)	₹2.1 L/yr - ₹4.8 L/yr 69% less
Ujjivan Small Finance Bank Area Manager Salary 8 - 16 years exp. (3 salaries)	₹9.2 L/yr - ₹14.2 L/yr 7% less	3 job openings

Area Manager salary at Kotak Mahindra Bank ranges between ₹11 Lakhs to ₹19 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Manager salaries in Chennai

Last Updated: 2 Nov 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹11 L/yr
12 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
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13 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
14 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr
15+ years (4 salaries)	₹14 L/yr - ₹19 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(655 salaries)

₹1.8 L/yr - ₹8 L/yr

Sales Manager Salary

(67 salaries)

₹2 L/yr - ₹10.3 L/yr

Branch Manager Salary

(37 salaries)

₹9 L/yr - ₹20 L/yr

Team Lead Salary

(17 salaries)

₹2 L/yr - ₹6.75 L/yr

Area Sales Manager Salary

(11 salaries)

₹7 L/yr - ₹18.1 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

5.0

Rated by 1 employees for salary & benefits

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

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Area Manager Salary FAQs

What is the salary of Area Manager at Kotak Mahindra Bank Chennai?

Area Manager salary at Kotak Mahindra Bank in Chennai ranges between ₹11.0 Lakhs to ₹19.0 Lakhs for experience between 11 years to 19 years. According to our estimates it is 44% more than the average Area Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

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

The average salary of a Area Manager at Kotak Mahindra Bank is 44% more than the average salary of a Area Manager in Chennai. 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 Chennai.

Which similar companies are paying more than Kotak Mahindra Bank to a Area Manager in Chennai?

IndusInd Bank Area Manager Salary - ₹8.0 Lakhs to ₹21.0 Lakhs per year

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

Ujjivan Small Finance Bank Area Manager Salary - ₹9.2 Lakhs to ₹14.2 Lakhs per year
HDFC Bank Area Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
ICICI Bank Area Manager Salary - ₹4.5 Lakhs to ₹9.0 Lakhs per year
Axis Bank Area Manager Salary - ₹3.6 Lakhs to ₹12.0 Lakhs per year
Bandhan Bank Area Manager Salary - ₹3.0 Lakhs to ₹9.2 Lakhs per year

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

The estimated take-home salary of a Area Manager at Kotak Mahindra Bank ranges between ₹99,636 per month to ₹1,02,346 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Area Manager salary in India which ranges between ₹11.0 Lakhs to ₹19.0 Lakhs per year for employees with experience between 11 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Kotak Mahindra Bank in Chennai?

According to AmbitionBox, 67% of the Kotak Mahindra Bank Area Managers in Chennai reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Area Manager Salaries in Chennai

Kotak Mahindra Bank Area Manager salary in Chennai ranges between ₹11 Lakhs to ₹19 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.