Kotak Mahindra Bank Mumbai Assistant Manager 1 Salaries by 30+ Employees (Updated 2025)

0 - 6 years exp.

₹2 Lakhs - ₹4.2 Lakhs

Salary of majority employees

16% less than the average Assistant Manager 1 Salary in Banking Companies for 0 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Assistant Manager 1 Salary 1 - 6 years exp. (9 salaries)	₹2 L/yr - ₹4.2 L/yr
BFSI, Investments & Trading Assistant Manager 1 Salary 1 - 5 years exp. (7 salaries)	₹2.1 L/yr - ₹3.8 L/yr
Login to view exact salary
Finance & Accounting Assistant Manager 1 Salary 1 - 5 years exp. (7 salaries)	₹2.1 L/yr - ₹4 L/yr
Sales & Business Development Assistant Manager 1 Salary 0 - 5 years exp. (5 salaries)	₹2.4 L/yr - ₹3.2 L/yr
Marketing & Communication Assistant Manager 1 Salary 1 year exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr

Last Updated: 30 Sep 2024

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

Kotak Mahindra Bank Assistant Manager 1 Salary

0 - 6 years exp. (31 salaries)

₹2 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Assistant Manager 1 Salary 0 - 5 years exp. (41 salaries)	₹2.1 L/yr - ₹5 L/yr 10% more
Axis Bank Assistant Manager 1 Salary 1 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹5 L/yr 21% more
Login to view exact salary
Utkarsh Small Finance Bank Assistant Manager 1 Salary 3 - 6 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 12% more
Equitas Small Finance Bank Assistant Manager 1 Salary 2 - 6 years exp. (6 salaries)	₹2.6 L/yr - ₹4.1 L/yr 8% more
CitiusTech Assistant Manager 1 Salary 5 - 8 years exp. (5 salaries)	₹5.1 L/yr - ₹8 L/yr 101% 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 31 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries in Mumbai

Last Updated: 30 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹5.5 L/yr
1 year (8 salaries)	₹2 L/yr - ₹3.2 L/yr
Login to view exact salary
2 years (5 salaries)	₹2 L/yr - ₹3.5 L/yr
3 years (5 salaries)	₹2.1 L/yr - ₹3.5 L/yr
4 years (7 salaries)	₹2.1 L/yr - ₹4.2 L/yr
5 years (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.3k salaries)

₹1.65 L/yr - ₹8 L/yr

Branch Manager Salary

(134 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(129 salaries)

₹1.8 L/yr - ₹10 L/yr

Operations Manager Salary

(41 salaries)

₹2 L/yr - ₹12 L/yr

Team Manager Salary

(24 salaries)

₹2 L/yr - ₹10.79 L/yr

Assistant Manager O&M Salary

(5 salaries)

₹2.78 L/yr - ₹3.2 L/yr

Salary related reviews for Kotak Mahindra Bank

2.6

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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 Mumbai?

Assistant Manager 1 salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.0 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 16% less than the average Assistant Manager 1 Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Assistant Manager 1 at Kotak Mahindra Bank is 16% less than the average salary of a Assistant Manager 1 in Mumbai. To know exact salary insights, login to view.

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

CitiusTech Assistant Manager 1 Salary - ₹5.1 Lakhs to ₹8.0 Lakhs per year
Axis Bank Assistant Manager 1 Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year
Utkarsh Small Finance Bank Assistant Manager 1 Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank Assistant Manager 1 Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year
Equitas Small Finance Bank Assistant Manager 1 Salary - ₹2.6 Lakhs to ₹4.1 Lakhs per year

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

The estimated take-home salary of a Assistant Manager 1 at Kotak Mahindra Bank ranges between ₹22,400 per month to ₹23,878 per month in Mumbai. 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 ₹4.2 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 in Mumbai?

According to AmbitionBox, 71% of the Kotak Mahindra Bank Assistant Manager 1s in Mumbai reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 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 Mumbai

Kotak Mahindra Bank Assistant Manager 1 salary in Mumbai ranges between ₹2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Assistant Manager 1 salaries in Mumbai

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

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager 1 in Mumbai

Experience wise Kotak Mahindra Bank Assistant Manager 1 salaries in Mumbai

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.