Kotak Mahindra Bank Mumbai Assistant Manager Operations Salaries by 20+ Employees

0 - 5 years exp.

₹2.1 Lakhs - ₹3.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

51% less than the average Assistant Manager Operations Salary in Banking Companies for 0 - 5 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Assistant Manager Operations Salary 1 - 5 years exp. (12 salaries)	₹2.1 L/yr - ₹3.2 L/yr
Customer Success, Service & Operations Assistant Manager Operations Salary 2 - 5 years exp. (7 salaries)	₹2.3 L/yr - ₹3.8 L/yr
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Finance & Accounting Assistant Manager Operations Salary 1 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr

Last Updated: 24 Dec 2023

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

Kotak Mahindra Bank Assistant Manager Operations Salary

0 - 5 years exp. (27 salaries)

₹2.1 L/yr - ₹3.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Assistant Manager Operations Salary 1 - 9 years exp. (40 salaries)	₹3.1 L/yr - ₹5.5 L/yr 33% more
Axis Bank Assistant Manager Operations Salary 0 - 6 years exp. (31 salaries)	₹2.7 L/yr - ₹4.7 L/yr 17% more
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HDFC Bank Assistant Manager Operations Salary 2 - 9 years exp. (23 salaries)	₹2.5 L/yr - ₹5.6 L/yr 20% more
RBL Bank Assistant Manager Operations Salary 1 - 9 years exp. (18 salaries)	₹2.6 L/yr - ₹6.5 L/yr 46% more
IndusInd Bank Assistant Manager Operations Salary 1 - 8 years exp. (10 salaries)	₹3 L/yr - ₹4.2 L/yr 19% more
Yes Bank Assistant Manager Operations Salary 2 - 6 years exp. (9 salaries)	₹3.5 L/yr - ₹6.2 L/yr 35% more
Utkarsh Small Finance Bank Assistant Manager Operations Salary 0 - 6 years exp. (5 salaries)	₹2.5 L/yr - ₹4.3 L/yr 9% more
IDFC FIRST Bank Assistant Manager Operations Salary 1 - 6 years exp. (4 salaries)	₹3 L/yr - ₹5.1 L/yr 41% more
Jana Small Finance Bank Assistant Manager Operations Salary 2 - 11 years exp. (3 salaries)	₹3.9 L/yr - ₹5.5 L/yr 25% more

Assistant Manager Operations salary at Kotak Mahindra Bank ranges between ₹2.1 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager Operations salaries in Mumbai

Last Updated: 24 Dec 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
1 year (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr
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2 years (6 salaries)	₹2.1 L/yr - ₹5.7 L/yr
3 years (8 salaries)	₹2.4 L/yr - ₹3.8 L/yr
4 years (4 salaries)	₹2.4 L/yr - ₹3.5 L/yr
5 years (4 salaries)	₹2.5 L/yr - ₹3.8 L/yr

View all

From

Assistant Manager Operations

0 - 6 years exp.

Deputy Manager Operations

3 - 9 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Business Analyst Salary

(150 salaries)

₹4.5 L/yr - ₹19 L/yr

Relationship Officer Salary

(122 salaries)

₹2.3 L/yr - ₹6.05 L/yr

Junior Associate Salary

(122 salaries)

₹1.15 L/yr - ₹3.5 L/yr

Assistant Acquisition Manager Salary

(112 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Team Lead Salary

(83 salaries)

₹1.8 L/yr - ₹6.96 L/yr

Top skills at Kotak Mahindra Bank for Assistant Manager Operations

Operations Management Excel Disbursement Banking Operations MIS

Salary related reviews for Kotak Mahindra Bank

3.3

Rated by 13 employees for salary & benefits

Assistant Manager Operations in Mumbai

BFSI, Investments & Trading Department

3.0

• posted on 06 Oct 2019

3.0

for Salary and Benefits

Likes

Learn many new things in kotak,

Skill development - Good

+1 more

Dislikes

Don't join kotak if you want to really growth in your salary there are my team mate who is working with kotak last 5 to 6 year and they recieved less salary eg.3lack package salary structure in kotak is such a terrible..work culture also not good if you finished your work on daily basis and time to time they r always ready to given new work and who is working slowly they kept them secure and also given the same rating who is working on time or who is working slowly.kotak charged employee 500 rs per month medical allowance and no benefits actually they are given to employee if your admitted in the hospital you need to pay 40% bill,then why they are charged 500 per month.kotak deducted salary without any prior information currently they raise PF amount from employees net salary

Promotions - Bad

+3 more

Assistant Manager Operations in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Aug 2023

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is good in term of job security and good training and salary always on time credited.

Skill development - Good

+1 more

Dislikes

Branch banking life Totally full of hactic, a lot of Sales pressure even if you are in high valume customer based branch designated then a lot of Operations work. If you're working as an SO ( Service Officer ) then probably you have to work as an cashier if you did any mistake like any cash short or excess or any fake note taken by you then you have to pay from your pocket only.

Salary - Poor

+1 more

Assistant Manager Operations in Madhya Pradesh

Operations Department

1.0

• posted on 15 Jan 2021

1.0

for Salary and Benefits

Likes

Even dont think to join this organisation. That is your biggest mistake to join this organisation.

Dislikes

Lot of politics in senior management. Salary structure is to bad for every employee as compared to others and career growth slow.

Salary - Bad

+6 more

Assistant Manager Operations in Hisar

retail banking / branch banking Department

2.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

place is safer for f email employees. salary credited on time .

Job security - Good

Dislikes

Late seating , office politic environment , highly pressurize to all employees ,sales targets even given to operations persons too , and more work less employees police followed by bank .

Salary - Poor

+5 more

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Assistant Manager Operations Salary FAQs

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

The average salary of a Assistant Manager Operations at Kotak Mahindra Bank in Mumbai typically ranges from ₹2.1 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Assistant Manager Operations in Mumbai at Kotak Mahindra Bank earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Assistant Manager Operations 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Assistant Manager Operations at Kotak Mahindra Bank in Mumbai typically ranges from ₹23,263 to ₹24,727 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 5 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 20+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager Operations at Kotak Mahindra Bank in Mumbai?

To be a Assistant Manager Operations at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Operations Management
- Excel
- Disbursement
- Banking Operations
- MIS

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for Assistant Manager Operations in India?

RBL Bank	₹2.6 Lakhs to ₹6.5 Lakhs per year
IDFC FIRST Bank	₹3.0 Lakhs to ₹5.1 Lakhs per year
Yes Bank	₹3.5 Lakhs to ₹6.2 Lakhs per year
ICICI Bank	₹3.1 Lakhs to ₹5.5 Lakhs per year
Jana Small Finance Bank	₹3.9 Lakhs to ₹5.5 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.

What is the salary of a Assistant Manager Operations in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Assistant Manager Operations at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹2.5 Lakhs to ₹5.6 Lakhs per year
IndusInd Bank	₹3.0 Lakhs to ₹4.2 Lakhs per year
Axis Bank	₹2.7 Lakhs to ₹4.7 Lakhs per year
Utkarsh Small Finance Bank	₹2.5 Lakhs to ₹4.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Assistant Manager Operations at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.4 Lakhs per year
1 year	₹2.2 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.1 Lakhs to ₹5.7 Lakhs per year
3 years	₹2.4 Lakhs to ₹3.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Manager Operations Salaries in Mumbai

Kotak Mahindra Bank Assistant Manager Operations salary in Mumbai ranges between ₹2.1 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.