Kotak Mahindra Bank Mumbai Assistant Manager Salaries by 3500+ Employees (Updated 2025)

0 - 9 years exp.

₹1.1 Lakh - ₹5 Lakhs

Salary of majority employees

58% less than the average Assistant Manager Salary in Banking Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 0 - 9 years exp. (1k salaries)	₹1.2 L/yr - ₹4.6 L/yr
Customer Success, Service & Operations Assistant Manager Salary 0 - 9 years exp. (939 salaries)	₹1.4 L/yr - ₹5 L/yr
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Finance & Accounting Assistant Manager Salary 0 - 9 years exp. (602 salaries)	₹1.5 L/yr - ₹5 L/yr
Sales & Business Development Assistant Manager Salary 0 - 9 years exp. (171 salaries)	₹1.1 L/yr - ₹5 L/yr
Marketing & Communication Assistant Manager Salary 0 - 7 years exp. (59 salaries)	₹1.5 L/yr - ₹4.6 L/yr

Last Updated: 31 Mar 2025

Companies similar to Kotak Mahindra Bank for Assistant Manager in Mumbai

Kotak Mahindra Bank Assistant Manager Salary

0 - 9 years exp. (3.5k salaries)

₹1.1 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Assistant Manager Salary 0 - 9 years exp. (2.5k salaries)	₹1.8 L/yr - ₹6 L/yr 16% more	2 job openings
ICICI Bank Assistant Manager Salary 0 - 9 years exp. (1.6k salaries)	₹2 L/yr - ₹6 L/yr 15% more
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HDFC Bank Assistant Manager Salary 0 - 11 years exp. (1.6k salaries)	₹1.8 L/yr - ₹7.5 L/yr 10% more
Yes Bank Assistant Manager Salary 0 - 10 years exp. (838 salaries)	₹2.4 L/yr - ₹6.6 L/yr 27% more	1 job opening
IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (571 salaries)	₹1.7 L/yr - ₹6.2 L/yr 11% more
IDFC FIRST Bank Assistant Manager Salary 0 - 12 years exp. (555 salaries)	₹2.3 L/yr - ₹6.6 L/yr 38% more
RBL Bank Assistant Manager Salary 0 - 10 years exp. (500 salaries)	₹2 L/yr - ₹7 L/yr 19% more
IDBI Bank Assistant Manager Salary 0 - 12 years exp. (173 salaries)	₹5 L/yr - ₹17.5 L/yr 255% more
Bandhan Bank Assistant Manager Salary 0 - 10 years exp. (112 salaries)	₹2.2 L/yr - ₹5.3 L/yr 9% more
Federal Bank Assistant Manager Salary 0 - 9 years exp. (103 salaries)	₹7 L/yr - ₹18.5 L/yr 266% more

View all

Assistant Manager salary at Kotak Mahindra Bank ranges between ₹1.1 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 3.5k latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager salaries in Mumbai

Last Updated: 31 Mar 2025

Experience	Avg Annual Salary
Fresher (328 salaries)	₹1.1 L/yr - ₹4.5 L/yr
1 year (580 salaries)	₹1.1 L/yr - ₹4.5 L/yr
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2 years (746 salaries)	₹1.5 L/yr - ₹4.6 L/yr
3 years (667 salaries)	₹1.5 L/yr - ₹4.6 L/yr
4 years (482 salaries)	₹1.7 L/yr - ₹5 L/yr
5 years (361 salaries)	₹1.8 L/yr - ₹5 L/yr
6 years (206 salaries)	₹2 L/yr - ₹4.8 L/yr
7 years (92 salaries)	₹2.5 L/yr - ₹4.6 L/yr
8 years (28 salaries)	₹2.7 L/yr - ₹4.5 L/yr
9 years (12 salaries)	₹3 L/yr - ₹4.3 L/yr

View all

From

Assistant Manager

0 - 9 years exp.

Deputy Manager

0 - 13 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.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Branch Manager Salary

(137 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(132 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Operations Manager Salary

(43 salaries)

₹2.34 L/yr - ₹12 L/yr

Team Manager Salary

(21 salaries)

₹2 L/yr - ₹10.83 L/yr

Assistant Manager O&M Salary

(5 salaries)

₹2.78 L/yr - ₹3.2 L/yr

Top skills at Kotak Mahindra Bank for Assistant Manager

Casa Current Account Sales Insurance Field Sales

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 359 employees for salary & benefits

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 12 Oct 2023

3.0

for Salary and Benefits

Likes

Company is having excellent relationship with their customers and employees. Company is providing salary on time. there is a lot of things which l learnt from there. I'm thankful that I joined the kotak Mahindra Bank

Skill development - Good

+2 more

Dislikes

There is some maneger who is having a very bad attitudes. They provide you a lot of pressure regarding to Target. They humiliat you in front of a lot of person. Due to a few manager in this organisation, the environment is not good specially this manager zone. they don't leave us on time.

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Nov 2023

2.0

for Salary and Benefits

Likes

The Bank is having an excellent environment work life is very very smooth in mostly all departments . Work culture is very good people are very supportive one of the best canteen you will get love the place and vibes.

Skill development - Excellent

+3 more

Dislikes

The Bank salary structure is not that good. Internal politics which no one can blame as in every private banks you will get.

Salary - Poor

+1 more

Assistant Manager in Mumbai

This is what I am not sure from 1½ year ,as per boss I am something and... Department

1.0

• posted on 04 Sep 2019

1.0

for Salary and Benefits

Likes

Any one can mark attendance at any time in a Day

Dislikes

Everything... HR policies are pathetic as well as no growth Salary hike will be 200-300 rs per month after working for 1½ year They won't revert you untill and unless you take any serious actions No matter what happens after my review cause I have proofs...

Salary - Bad

+6 more

Assistant Manager in Mumbai

Human Resources Department

4.0

• posted on 20 Sep 2019

3.0

for Salary and Benefits

Likes

KOTAK MAHINDRA BANK HAS GIVEN ME CONFIDENCE OF SPEAKING TO CLIENTS WITHOUT ANY NERVOUSNESS THANKS ALOT KOTAK MAHINDRA BANK

Skill development - Excellent

+5 more

Dislikes

Nothing much except the salary package. The pressure is more and salary is less

Assistant Manager in Mumbai

Customer Service Department

5.0

• posted on 11 May 2022

4.0

for Salary and Benefits

Likes

Was my first job experience was very good management was too supportive. On & off Job Training was Superb. Job Security is very good. Can speak directly to management without the hierarchy also. In case again got a chance will surely work for them. Awards & recognition were there.

Salary - Good

+6 more

Dislikes

Compensation was quite low.

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

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 Salary FAQs

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

The average salary of a Assistant Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Assistant Manager in Mumbai at Kotak Mahindra Bank earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Assistant Manager 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 3500+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Assistant Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹25,600 to ₹27,029 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 3500+ 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 at Kotak Mahindra Bank in Mumbai?

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

- Casa
- Current Account
- Sales
- Insurance
- Field Sales

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 in India?

Bank of Baroda	₹6.0 Lakhs to ₹19.5 Lakhs per year
Federal Bank	₹7.0 Lakhs to ₹18.5 Lakhs per year
Barclays Investment Bank	₹8.0 Lakhs to ₹13.4 Lakhs per year
IDBI Bank	₹5.0 Lakhs to ₹17.5 Lakhs per year
Canara Bank	₹5.0 Lakhs to ₹17.0 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.

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

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

Paytm Payments Bank	₹8.5 Lakhs to ₹14.0 Lakhs per year
South Indian Bank	₹6.0 Lakhs to ₹16.0 Lakhs per year
Union Bank of India	₹5.0 Lakhs to ₹14.0 Lakhs per year
Central Bank of India	₹6.0 Lakhs to ₹15.0 Lakhs per year
Karur Vysya Bank	₹6.0 Lakhs to ₹14.0 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 at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.1 Lakhs to ₹4.5 Lakhs per year
1 year	₹1.1 Lakhs to ₹4.5 Lakhs per year
2 years	₹1.5 Lakhs to ₹4.6 Lakhs per year
3 years	₹1.5 Lakhs to ₹4.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Manager Salaries in Mumbai

Kotak Mahindra Bank Assistant Manager salary in Mumbai ranges between ₹1.1 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3.5k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Assistant Manager salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Assistant Manager in Mumbai

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

Experience wise Kotak Mahindra Bank Assistant Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Assistant Manager

Salary related reviews for Kotak Mahindra Bank

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Assistant Manager in Mumbai

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Kotak Mahindra Bank Assistant Manager Salary FAQs

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