Kotak Mahindra Bank Mumbai Assistant Manager M1 Salaries by 9 Employees (Updated 2025)

1 - 5 years exp.

₹1.8 Lakh - ₹4 Lakhs

Salary of majority employees

12% more than the average Assistant Manager M1 Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Assistant Manager M1 Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4 L/yr
Finance & Accounting Assistant Manager M1 Salary 1 year exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.4 L/yr
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Sales & Business Development Assistant Manager M1 Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4 L/yr

Last Updated: 20 Dec 2024

Assistant Manager M1 salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager M1 salaries in Mumbai

Last Updated: 20 Dec 2024

Experience	Avg Annual Salary
1 year (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.9 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.2 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

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Kotak Mahindra Bank Assistant Manager M1 Salary FAQs

What is the salary of Assistant Manager M1 at Kotak Mahindra Bank Mumbai?

Assistant Manager M1 salary at Kotak Mahindra Bank in Mumbai ranges between ₹1.8 Lakhs to ₹4.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 12% more than the average Assistant Manager M1 Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Assistant Manager M1 at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Assistant Manager M1 at Kotak Mahindra Bank is 12% more than the average salary of a Assistant Manager M1 in Mumbai. To know exact salary insights, login to view.

What is the estimated take home salary of a Assistant Manager M1 at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Assistant Manager M1 at Kotak Mahindra Bank ranges between ₹24,396 per month to ₹25,844 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Assistant Manager M1 salary in India which ranges between ₹1.8 Lakhs to ₹4.0 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 M1 at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 50% of the Kotak Mahindra Bank Assistant Manager M1s in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Assistant Manager M1 Salaries in Mumbai

Kotak Mahindra Bank Assistant Manager M1 salary in Mumbai ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.