Kotak Mahindra Bank Chennai Assistant Manager 1 Salaries by 6 Employees (Updated 2025)

1 - 5 years exp.

₹2 Lakhs - ₹3.5 Lakhs

Salary of majority employees

13% less than the average Assistant Manager 1 Salary in Banking Companies for 1 - 5 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Assistant Manager 1 Salary 1 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3.4 L/yr
Login to view exact salary
Sales & Business Development Assistant Manager 1 Salary 2 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.1 L/yr

Last Updated: 23 Aug 2024

Companies similar to Kotak Mahindra Bank for Assistant Manager 1 in Chennai

Kotak Mahindra Bank Assistant Manager 1 Salary

1 - 5 years exp. (6 salaries)

₹2 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Manager 1 Salary 3 - 6 years exp. (4 salaries)	₹3.5 L/yr - ₹3.7 L/yr 11% more
ICICI Bank Assistant Manager 1 Salary 0 - 4 years exp. (17 salaries)	₹2 L/yr - ₹3.5 L/yr 6% more
Login to view exact salary
Equitas Small Finance Bank Assistant Manager 1 Salary 1 - 10 years exp. (11 salaries)	₹2.5 L/yr - ₹4 L/yr 12% more
Muthoot Finance Assistant Manager 1 Salary 2 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr 16% more
TVS Sundram Fasteners Assistant Manager 1 Salary 4 - 19 years exp. (4 salaries)	₹6 L/yr - ₹9.5 L/yr 131% more

Assistant Manager 1 salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries in Chennai

Last Updated: 23 Aug 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹5.7 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(660 salaries)

₹1.8 L/yr - ₹8 L/yr

Sales Manager Salary

(68 salaries)

₹2 L/yr - ₹10.3 L/yr

Branch Manager Salary

(37 salaries)

₹9 L/yr - ₹20 L/yr

Team Manager Salary

(6 salaries)

₹1.7 L/yr - ₹7.66 L/yr

Operations Manager Salary

(5 salaries)

₹4.5 L/yr - ₹6.7 L/yr

Salary related reviews for Kotak Mahindra Bank

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at Kotak Mahindra Bank Chennai?

Assistant Manager 1 salary at Kotak Mahindra Bank in Chennai ranges between ₹2.0 Lakhs to ₹3.5 Lakhs for experience between 1 years to 5 years. According to our estimates it is 13% less than the average Assistant Manager 1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

How does the salary of a Assistant Manager 1 at Kotak Mahindra Bank Chennai compare with the average salary range for this job?

The average salary of a Assistant Manager 1 at Kotak Mahindra Bank is 13% less than the average salary of a Assistant Manager 1 in Chennai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Assistant Manager 1 in Chennai?

TVS Sundram Fasteners Assistant Manager 1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
Muthoot Finance Assistant Manager 1 Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
Equitas Small Finance Bank Assistant Manager 1 Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
HDFC Bank Assistant Manager 1 Salary - ₹3.5 Lakhs to ₹3.7 Lakhs per year
ICICI Bank Assistant Manager 1 Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Assistant Manager 1 at Kotak Mahindra Bank ranges between ₹22,980 per month to ₹24,449 per month in Chennai. 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 ₹3.5 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager 1 at Kotak Mahindra Bank in Chennai?

According to AmbitionBox, 33% of the Kotak Mahindra Bank Assistant Manager 1s in Chennai reported a notice period of 1 Month, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Assistant Manager 1 Salaries >
Kotak Mahindra Bank Assistant Manager 1 Salaries in Chennai

Kotak Mahindra Bank Assistant Manager 1 salary in Chennai ranges between ₹2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.