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

Annual salary range
0 - 6 years exp.
₹2 Lakhs - ₹4.5 Lakhs
Salary of majority employees
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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. (39 salaries)
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₹2 L/yr - ₹4.2 L/yr

BFSI, Investments & Trading
Assistant Manager 1 Salary
1 - 6 years exp. (34 salaries)
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₹2 L/yr - ₹4.1 L/yr

Sales & Business Development
Assistant Manager 1 Salary
0 - 5 years exp. (24 salaries)
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₹2.1 L/yr - ₹4.5 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: 10 Mar 2025

Companies similar to Kotak Mahindra Bank for Assistant Manager 1

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

1 - 6 years exp. (57 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 5% more
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ICICI Bank Assistant Manager 1 Salary

0 - 4 years exp. (258 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 5% more
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Axis Bank Assistant Manager 1 Salary

0 - 4 years exp. (38 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 15% more
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₹8.1 L/yr - ₹10 L/yr

arrow icon 172% 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 30% more
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₹2.2 L/yr - ₹5.2 L/yr

arrow icon 12% 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 6% 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 167% 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 29% 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 6% 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 198% 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 116% 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 227% more
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₹3.8 L/yr - ₹5.5 L/yr

arrow icon 38% more
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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 11% 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 140% more
Assistant Manager 1 salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 145 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager 1

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Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries

Last Updated: 10 Mar 2025

Experience Avg Annual Salary
Fresher  (8 salaries)

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₹2.1 L/yr - ₹4 L/yr
1 year  (33 salaries)

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₹2 L/yr - ₹4.2 L/yr
2 years  (31 salaries)

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₹2 L/yr - ₹4.1 L/yr
3 years  (23 salaries)

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₹2.1 L/yr - ₹4.1 L/yr
4 years  (27 salaries)

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₹2.1 L/yr - ₹4.2 L/yr
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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 - ₹6.5 L/yr
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₹2 L/yr - ₹10 L/yr
Team Manager Salary
(126 salaries)
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₹1.7 L/yr - ₹11 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 - ₹25.56 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.5 L/yr
Sales Manager Salary
(729 salaries)
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₹2.31 L/yr - ₹10.14 L/yr
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Salary related reviews for Kotak Mahindra Bank

3.7

Rated by 41 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?
Assistant Manager 1 salary at Kotak Mahindra Bank in India ranges between ₹2.0 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 28% less than the average Assistant Manager 1 Salary in India. Salary estimates are based on 145 latest salaries received from various employees of Kotak Mahindra Bank India.
How does the salary of a Assistant Manager 1 at Kotak Mahindra Bank India compare with the average salary range for this job?
The average salary of a Assistant Manager 1 at Kotak Mahindra Bank is 28% less than the average salary of a Assistant Manager 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindra Bank to a Assistant Manager 1 in India?
  • Canara Bank Assistant Manager 1 Salary - ₹9.5 Lakhs to ₹13.0 Lakhs per year
  • Federal Bank Assistant Manager 1 Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
  • State Bank of India Assistant Manager 1 Salary - ₹8.1 Lakhs to ₹10.0 Lakhs per year
  • IDBI Bank Assistant Manager 1 Salary - ₹3.7 Lakhs to ₹15.0 Lakhs per year
  • City Union Bank Assistant Manager 1 Salary - ₹7.2 Lakhs to ₹8.4 Lakhs per year
What is the salary of a Assistant Manager 1 in companies similar to Kotak Mahindra Bank in India?
  • Karur Vysya Bank Assistant Manager 1 Salary - ₹4.5 Lakhs to ₹8.2 Lakhs per year
  • Jana Small Finance Bank Assistant Manager 1 Salary - ₹3.8 Lakhs to ₹5.5 Lakhs per year
  • Yes Bank Assistant Manager 1 Salary - ₹3.2 Lakhs to ₹4.8 Lakhs per year
  • IDFC FIRST Bank Assistant Manager 1 Salary - ₹3.1 Lakhs to ₹5.3 Lakhs per year
  • Axis Bank Assistant Manager 1 Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
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 ranges between ₹23,634 per month to ₹25,093 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Assistant Manager 1 salary in India which ranges between ₹2.0 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager 1 at Kotak Mahindra Bank?
According to AmbitionBox, 53% of the Kotak Mahindra Bank Assistant Manager 1s reported a notice period of 3 Months, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 129 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Assistant Manager 1 salary in India ranges between ₹2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 145 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.