Kotak Mahindra Bank Surat Area Manager Salaries by 5 Employees

10 - 19 years exp.

₹8 Lakhs - ₹27.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

92% more than the average Area Manager Salary in Banking Companies for 10 - 19 years of experience

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Last Updated: 24 Dec 2023

Companies similar to Kotak Mahindra Bank for Area Manager in Surat

Kotak Mahindra Bank Area Manager Salary

10 - 19 years exp. (5 salaries)

₹8 L/yr - ₹27.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Meesho Area Manager Salary 3 - 10 years exp. (20 salaries)	₹5 L/yr - ₹6.8 L/yr 67% less
Indiamart Intermesh Area Manager Salary 5 - 12 years exp. (8 salaries)	₹6.5 L/yr - ₹12 L/yr 48% less	4 job openings
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Flipkart Area Manager Salary 8 - 11 years exp. (6 salaries)	₹8.2 L/yr - ₹13.5 L/yr 45% less	2 job openings
Aditya Birla Sun Life Insurance Area Manager Salary 5 - 8 years exp. (5 salaries)	₹5 L/yr - ₹7.5 L/yr 64% less
ManipalCigna Health Insurance Area Manager Salary 15 - 19 years exp. (5 salaries)	₹9.7 L/yr - ₹11.6 L/yr 46% less

Area Manager salary at Kotak Mahindra Bank ranges between ₹8 Lakhs to ₹27.1 Lakhs per year for employees with experience between 10 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 Surat

Last Updated: 24 Dec 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
11 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr
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12 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
13 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
14 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
15+ years (3 salaries)	₹8.6 L/yr - ₹27.1 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(40 salaries)

₹9 L/yr - ₹24 L/yr

Team Lead Salary

(9 salaries)

₹1.55 L/yr - ₹4 L/yr

Area Sales Manager Salary

(5 salaries)

₹9.55 L/yr - ₹15.09 L/yr

Regional Manager Salary

(3 salaries)

₹6.7 L/yr - ₹11.4 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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Area Manager Salary FAQs

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

The average salary of a Area Manager at Kotak Mahindra Bank in Surat typically ranges from ₹8.0 Lakhs to ₹27.1 Lakhs per year, depending on experience (from 10 years to 19 years).

The top 10% of Area Manager in Surat at Kotak Mahindra Bank earn more than ₹27.1 Lakhs per year, and the top 1% earn over ₹27.1 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 5 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Area Manager at Kotak Mahindra Bank in Surat typically ranges from ₹1,26,559 to ₹1,30,689 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹27.1 Lakhs per year for employees with experience ranging from 10 years to 19 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.

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

To be a Area Manager at Kotak Mahindra Bank in Surat, 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 Surat?

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

Flipkart	₹8.2 Lakhs to ₹13.5 Lakhs per year
ManipalCigna Health Insurance	₹9.7 Lakhs to ₹11.6 Lakhs per year
Indiamart Intermesh	₹6.5 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.0 Lakhs to ₹7.5 Lakhs per year
Meesho	₹5.0 Lakhs to ₹6.8 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 Surat?

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

Experience	Average Salary Range
10 years	₹12.4 Lakhs to ₹15.9 Lakhs per year
11 years	₹13.4 Lakhs to ₹17.1 Lakhs per year
12 years	₹14.3 Lakhs to ₹18.3 Lakhs per year
13 years	₹15.3 Lakhs to ₹19.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Area Manager Salaries in Surat

Kotak Mahindra Bank Area Manager salary in Surat ranges between ₹8 Lakhs to ₹27.1 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.