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Kotak Mahindra Bank Assistant Manager 1 salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹2 Lakhs - ₹4.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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28% less than the average Assistant Manager 1 Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Assistant Manager 1 Salary
0 - 5 years exp. (42 salaries)
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₹2 L/yr - ₹4.2 L/yr

BFSI, Investments & Trading
Assistant Manager 1 Salary
1 - 6 years exp. (32 salaries)
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₹2 L/yr - ₹4.1 L/yr

Sales & Business Development
Assistant Manager 1 Salary
0 - 5 years exp. (26 salaries)
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₹2.1 L/yr - ₹4 L/yr

Finance & Accounting
Assistant Manager 1 Salary
0 - 5 years exp. (21 salaries)
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₹2 L/yr - ₹4.2 L/yr

Marketing & Communication
Assistant Manager 1 Salary
1 - 5 years exp. (10 salaries)
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₹2.1 L/yr - ₹3.3 L/yr

Last Updated: 30 Mar 2025

Companies similar to Kotak Mahindra Bank for Assistant Manager 1

Company name Avg Annual Salary Open Jobs
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ICICI Bank Assistant Manager 1 Salary

1 - 4 years exp. (240 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 8% more
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₹2.2 L/yr - ₹5.2 L/yr

arrow icon 14% more
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HDFC Bank Assistant Manager 1 Salary

1 - 6 years exp. (58 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 6% more
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Axis Bank Assistant Manager 1 Salary

0 - 4 years exp. (39 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 19% more
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Bandhan Bank Assistant Manager 1 Salary

0 - 6 years exp. (10 salaries)

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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 7% more
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Yes Bank Assistant Manager 1 Salary

2 - 5 years exp. (8 salaries)

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₹3.2 L/yr - ₹4.8 L/yr

arrow icon 32% more
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IDBI Bank Assistant Manager 1 Salary

0 - 7 years exp. (7 salaries)

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₹3.7 L/yr - ₹15 L/yr

arrow icon 170% more
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IDFC FIRST Bank Assistant Manager 1 Salary

2 - 7 years exp. (7 salaries)

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₹3.1 L/yr - ₹5.3 L/yr

arrow icon 31% more
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RBL Bank Assistant Manager 1 Salary

2 - 8 years exp. (6 salaries)

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₹3.2 L/yr - ₹3.8 L/yr

arrow icon 7% more
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Federal Bank Assistant Manager 1 Salary

0 - 9 years exp. (5 salaries)

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₹7.5 L/yr - ₹12 L/yr

arrow icon 203% more
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Karur Vysya Bank Assistant Manager 1 Salary

5 - 8 years exp. (5 salaries)

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₹4.5 L/yr - ₹8.2 L/yr

arrow icon 119% more
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Canara Bank Assistant Manager 1 Salary

5 - 10 years exp. (4 salaries)

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₹9.5 L/yr - ₹13 L/yr

arrow icon 232% more
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₹3.8 L/yr - ₹5.5 L/yr

arrow icon 40% more
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₹3 L/yr - ₹3.5 L/yr

arrow icon 5% less
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City Union Bank Assistant Manager 1 Salary

4 - 8 years exp. (4 salaries)

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₹7.2 L/yr - ₹8.4 L/yr

arrow icon 144% more
Assistant Manager 1 salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 149 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager 1

2d ago
₹3.3 Lakhs
5 years exp.
2w ago
₹2.8 Lakhs
3 years exp.
2w ago
₹3.5 Lakhs
2 years exp.
2w ago
₹2.8 Lakhs
1 year exp.
3w ago
₹4 Lakhs
1 year exp.
3w ago
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3 years exp.
1mo ago
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2 years exp.
2mo ago
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1 year exp.
2mo ago
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3 years exp.
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3 years exp.

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries

Last Updated: 30 Mar 2025

Experience Avg Annual Salary
Fresher  (11 salaries)

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₹2 L/yr - ₹4 L/yr
1 year  (35 salaries)

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₹2 L/yr - ₹4.2 L/yr
2 years  (32 salaries)

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₹2 L/yr - ₹4.1 L/yr
3 years  (24 salaries)

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₹2.1 L/yr - ₹4.1 L/yr
4 years  (26 salaries)

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₹2.3 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

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₹2.78 L/yr - ₹3.9 L/yr
Assistant Store Manager Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
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₹2.8 L/yr - ₹4.92 L/yr
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₹2.35 L/yr - ₹6 L/yr
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₹2 L/yr - ₹12 L/yr
Team Manager Salary
(140 salaries)
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₹2.2 L/yr - ₹12 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
Branch Manager Salary
(1k salaries)
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₹7 L/yr - ₹30 L/yr
Deputy Manager Salary
(11.4k salaries)
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₹1.65 L/yr - ₹8.5 L/yr
Sales Manager Salary
(987 salaries)
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₹2.26 L/yr - ₹9.94 L/yr

Salary related reviews for Kotak Mahindra Bank

3.9

Rated by 43 employees for salary & benefits

Full Time

 · 

Other Department

5.0
  •  posted on 17 May 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues.

Finance & Accounting Department

5.0
  •  posted on 23 Apr 2021

3.0
 for  Salary and Benefits

Likes

...eteria and gaming academy for chilling company policies are good appraisals are fair and they give good salary hike and bonus every year

read more
  • Job security - Good
  • +4 more

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growth is slow there is a bond of 2 year before which you cannot resign on the job training is not given to new joinees

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 06 Nov 2024

1.0
 for  Salary and Benefits

Likes

There is no work pressure its harmful for your future

  • Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more
see more salary related reviews

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Kotak Mahindra Bank Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at Kotak Mahindra Bank ?
The average salary of a Assistant Manager 1 at Kotak Mahindra Bank in India typically ranges from ₹2.0 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Assistant Manager 1 at Kotak Mahindra Bank earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Assistant Manager 1 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 100+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Assistant Manager 1 at Kotak Mahindra Bank in India?
The estimated take-home salary of a Assistant Manager 1 at Kotak Mahindra Bank in India typically ranges from ₹23,263 to ₹24,728 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 6 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 100+ 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 Assistant Manager 1 in India?
Canara Bank ₹9.5 Lakhs to ₹13.0 Lakhs per year
Federal Bank ₹7.5 Lakhs to ₹12.0 Lakhs per year
IDBI Bank ₹3.7 Lakhs to ₹15.0 Lakhs per year
City Union Bank ₹7.2 Lakhs to ₹8.4 Lakhs per year
Karur Vysya Bank ₹4.5 Lakhs to ₹8.2 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 Assistant Manager 1 in companies similar to Kotak Mahindra Bank in India?
The salary of a Assistant Manager 1 at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Jana Small Finance Bank ₹3.8 Lakhs to ₹5.5 Lakhs per year
Yes Bank ₹3.2 Lakhs to ₹4.8 Lakhs per year
IDFC FIRST Bank ₹3.1 Lakhs to ₹5.3 Lakhs per year
Axis Bank ₹2.5 Lakhs to ₹5.0 Lakhs per year
Utkarsh Small Finance Bank ₹2.2 Lakhs to ₹5.2 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 Assistant Manager 1 at Kotak Mahindra Bank in India?
The salary growth for a Assistant Manager 1 at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Assistant Manager 1 can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹4.0 Lakhs per year
1 year ₹2.0 Lakhs to ₹4.2 Lakhs per year
2 years ₹2.0 Lakhs to ₹4.1 Lakhs per year
3 years ₹2.1 Lakhs to ₹4.1 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Assistant Manager 1 salary in India ranges between ₹2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 149 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.