Kotak Mahindra Bank Mumbai Bank Manager Salaries by 4 Employees (Updated 2025)

3 - 10 years exp.

₹2.4 Lakhs - ₹8 Lakhs

Salary of majority employees

33% less than the average Bank Manager Salary in Banking Companies for 3 - 10 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Kotak Mahindra Bank for Bank Manager in Mumbai

Kotak Mahindra Bank Bank Manager Salary

3 - 10 years exp. (4 salaries)

₹2.4 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Bank Manager Salary 3 - 15 years exp. (7 salaries)	₹2.9 L/yr - ₹8.6 L/yr 16% more
ICICI Bank Bank Manager Salary 1 - 11 years exp. (7 salaries)	₹4 L/yr - ₹12 L/yr 19% more
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Axis Bank Bank Manager Salary 2 - 19 years exp. (10 salaries)	₹3.6 L/yr - ₹15.3 L/yr 62% more
IndusInd Bank Bank Manager Salary 3 - 15 years exp. (5 salaries)	₹3 L/yr - ₹7.4 L/yr 6% more
Union Bank of India Bank Manager Salary 3 - 7 years exp. (3 salaries)	₹8.5 L/yr - ₹15.9 L/yr 136% more

Bank Manager salary at Kotak Mahindra Bank ranges between ₹2.4 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Bank Manager salaries in Mumbai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.4 L/yr
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5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
9 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8 L/yr

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Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Bank Manager Salary FAQs

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

Bank Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.4 Lakhs to ₹8.0 Lakhs for experience between 3 years to 10 years. According to our estimates it is 33% less than the average Bank Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Bank Manager at Kotak Mahindra Bank is 33% less than the average salary of a Bank Manager in Mumbai. To know exact salary insights, login to view.

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

Union Bank of India Bank Manager Salary - ₹8.5 Lakhs to ₹15.9 Lakhs per year
Axis Bank Bank Manager Salary - ₹3.6 Lakhs to ₹15.3 Lakhs per year
ICICI Bank Bank Manager Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
HDFC Bank Bank Manager Salary - ₹2.9 Lakhs to ₹8.6 Lakhs per year
IndusInd Bank Bank Manager Salary - ₹3.0 Lakhs to ₹7.4 Lakhs per year

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

The estimated take-home salary of a Bank Manager at Kotak Mahindra Bank ranges between ₹43,524 per month to ₹44,637 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Bank Manager salary in India which ranges between ₹2.4 Lakhs to ₹8.0 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

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Kotak Mahindra Bank Bank Manager Salaries in Mumbai

Kotak Mahindra Bank Bank Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Bank Manager salaries in Mumbai

Companies similar to Kotak Mahindra Bank for Bank Manager in Mumbai

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

Experience wise Kotak Mahindra Bank Bank Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Bank Manager Salary FAQs

Tell us how to improve this page.