Kotak Mahindra Bank Bangalore / Bengaluru Assistant Manager 1 Salaries by 10+ Employees (Updated 2025)

0 - 6 years exp.

₹2.2 Lakhs - ₹4.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

24% 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

BFSI, Investments & Trading Assistant Manager 1 Salary 2 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr
Customer Success, Service & Operations Assistant Manager 1 Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr
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Finance & Accounting Assistant Manager 1 Salary 1 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹4.2 L/yr
Sales & Business Development Assistant Manager 1 Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹4 L/yr

Last Updated: 15 Feb 2025

Companies similar to Kotak Mahindra Bank for Assistant Manager 1 in Bangalore / Bengaluru

Kotak Mahindra Bank Assistant Manager 1 Salary

0 - 6 years exp. (15 salaries)

₹2.2 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Assistant Manager 1 Salary 1 - 5 years exp. (16 salaries)	₹2 L/yr - ₹5 L/yr 6% more
HDFC Bank Assistant Manager 1 Salary 2 - 4 years exp. (6 salaries)	₹3.2 L/yr - ₹4 L/yr 6% more
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Axis Bank Assistant Manager 1 Salary 0 - 3 years exp. (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr 21% more
Zerodha Assistant Manager 1 Salary 1 - 6 years exp. (15 salaries)	₹4.5 L/yr - ₹4.5 L/yr 40% more
Muthoot Finance Assistant Manager 1 Salary 2 - 5 years exp. (8 salaries)	₹2.4 L/yr - ₹4 L/yr 10% more

Assistant Manager 1 salary at Kotak Mahindra Bank ranges between ₹2.2 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager 1 in Bangalore / Bengaluru

1mo ago

₹3.1 Lakhs

2 years exp.

2mo ago

₹3.5 Lakhs

3 years exp.

10mo ago

₹4 Lakhs

5 months exp.

1y ago

₹4 Lakhs

6 years exp.

1y ago

₹4.2 Lakhs

1 year exp.

1y ago

4 years exp.

1y ago

1 year exp.

1y ago

6 years exp.

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries in Bangalore / Bengaluru

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
1 year (3 salaries)	₹2.2 L/yr - ₹4.2 L/yr
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2 years (3 salaries)	₹2.3 L/yr - ₹5.8 L/yr
3 years (3 salaries)	₹2.3 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.5k salaries)

₹2 L/yr - ₹8.5 L/yr

Branch Manager Salary

(126 salaries)

₹7 L/yr - ₹24 L/yr

Sales Manager Salary

(71 salaries)

₹2 L/yr - ₹11 L/yr

Operations Manager Salary

(25 salaries)

₹4 L/yr - ₹9.75 L/yr

Team Manager Salary

(13 salaries)

₹3.46 L/yr - ₹14 L/yr

Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 4 employees for salary & benefits

Assistant Manager 1 in Bangalore Rural

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.

Salary - Excellent

+6 more

Dislikes

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

Assistant Manager 1 in Dhar

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

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

Operations Manager in Goregaon

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

Salary - Bad

+5 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

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What people are saying about Kotak Mahindra Bank

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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 Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru?

The average salary of a Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru typically ranges from ₹2.2 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Assistant Manager 1 in Bangalore / Bengaluru at Kotak Mahindra Bank earn more than ₹4.0 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 10+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru?

The estimated take-home salary of a Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru typically ranges from ₹23,320 to ₹24,784 per month. This is based on the average salary range of ₹2.2 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 10+ 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?

Zerodha	₹4.5 Lakhs to ₹4.5 Lakhs per year
Axis Bank	₹3.5 Lakhs to ₹4.5 Lakhs per year
Muthoot Finance	₹2.4 Lakhs to ₹4.0 Lakhs per year
ICICI Bank	₹2.0 Lakhs to ₹5.0 Lakhs per year
HDFC Bank	₹3.2 Lakhs to ₹4.0 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.

How the salary growth look like for a Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru?

The salary growth for a Assistant Manager 1 at Kotak Mahindra Bank in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Assistant Manager 1 in Bangalore / Bengaluru can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.2 Lakhs to ₹4.2 Lakhs per year
2 years	₹2.3 Lakhs to ₹5.8 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Manager 1 Salaries in Bangalore / Bengaluru

Kotak Mahindra Bank Assistant Manager 1 salary in Bangalore / Bengaluru ranges between ₹2.2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Assistant Manager 1 salaries in Bangalore / Bengaluru (Updated 2025)

Companies similar to Kotak Mahindra Bank for Assistant Manager 1 in Bangalore / Bengaluru

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager 1 in Bangalore / Bengaluru

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries in Bangalore / Bengaluru

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Assistant Manager 1 in Bangalore Rural

Assistant Manager 1 in Dhar

Operations Manager in Goregaon

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Kotak Mahindra Bank Assistant Manager 1 Salary FAQs

Tell us how to improve this page.