Kotak Mahindra Bank Pune Area Manager Salaries by 10+ Employees (Updated 2025)

10 - 15 years exp.

₹7 Lakhs - ₹26.5 Lakhs

Salary of majority employees

50% more than the average Area Manager Salary in Banking Companies for 10 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 10 - 15 years exp. (6 salaries)	₹7.5 L/yr - ₹19 L/yr
Sales & Business Development Area Manager Salary 12 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹19.5 L/yr
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Finance & Accounting Area Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9.3 L/yr - ₹18.8 L/yr

Last Updated: 5 Mar 2025

Companies similar to Kotak Mahindra Bank for Area Manager in Pune

Kotak Mahindra Bank Area Manager Salary

10 - 15 years exp. (11 salaries)

₹7 L/yr - ₹26.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Bandhan Bank Area Manager Salary 0 - 11 years exp. (31 salaries)	₹3 L/yr - ₹6.5 L/yr 67% less
Axis Bank Area Manager Salary 5 - 12 years exp. (6 salaries)	₹5 L/yr - ₹11.5 L/yr 43% less
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IndusInd Bank Area Manager Salary 10 - 14 years exp. (5 salaries)	₹7.3 L/yr - ₹17.5 L/yr 8% less	9 job openings
ICICI Bank Area Manager Salary 8 - 12 years exp. (5 salaries)	₹5.5 L/yr - ₹12 L/yr 41% less
Utkarsh Small Finance Bank Area Manager Salary 8 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6.9 L/yr 63% less

Area Manager salary at Kotak Mahindra Bank ranges between ₹7 Lakhs to ₹26.5 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Manager salaries in Pune

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
11 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
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12 years (3 salaries)	₹7 L/yr - ₹15.5 L/yr
13 years (4 salaries)	₹8.2 L/yr - ₹19 L/yr
14 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
15+ years (AmbitionBox Estimate)	₹15.7 L/yr - ₹20.1 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(836 salaries)

₹1.75 L/yr - ₹7.5 L/yr

Sales Manager Salary

(82 salaries)

₹2.5 L/yr - ₹11 L/yr

Branch Manager Salary

(55 salaries)

₹7 L/yr - ₹21 L/yr

Team Lead Salary

(16 salaries)

₹2 L/yr - ₹6.5 L/yr

Area Sales Manager Salary

(13 salaries)

₹8 L/yr - ₹20 L/yr

Business Manager Salary

(4 salaries)

₹10.4 L/yr - ₹12.75 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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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 Manager Salary FAQs

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

The average salary of a Area Manager at Kotak Mahindra Bank in Pune typically ranges from ₹7.0 Lakhs to ₹26.5 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Area Manager in Pune at Kotak Mahindra Bank earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹26.5 Lakhs per year. Area Manager 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 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Area Manager at Kotak Mahindra Bank in Pune typically ranges from ₹1,04,018 to ₹1,06,869 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹26.5 Lakhs per year for employees with experience ranging from 10 years to 15 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 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at Kotak Mahindra Bank in Pune?

To be a Area Manager at Kotak Mahindra Bank in Pune, the key skills required include:

- Relationship Management
- Team Handling
- Portfolio Management
- HNI Sales
- Wealth Management

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

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

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

IndusInd Bank	₹7.3 Lakhs to ₹17.5 Lakhs per year
ICICI Bank	₹5.5 Lakhs to ₹12.0 Lakhs per year
Axis Bank	₹5.0 Lakhs to ₹11.5 Lakhs per year
Utkarsh Small Finance Bank	₹4.5 Lakhs to ₹6.9 Lakhs per year
Bandhan Bank	₹3.0 Lakhs to ₹6.5 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 Area Manager at Kotak Mahindra Bank in Pune?

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

Experience	Average Salary Range
10 years	₹9.1 Lakhs to ₹11.7 Lakhs per year
11 years	₹9.8 Lakhs to ₹12.5 Lakhs per year
12 years	₹7.0 Lakhs to ₹15.5 Lakhs per year
13 years	₹8.2 Lakhs to ₹19.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Area Manager Salaries in Pune

Kotak Mahindra Bank Area Manager salary in Pune ranges between ₹7 Lakhs to ₹26.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.