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Kotak Mahindra Bank Chief Manager salaries in India (Updated 2025)

Annual salary range
7 - 19 years exp.
₹7.5 Lakhs - ₹31.2 Lakhs
Salary of majority employees
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Fixed (94%)
₹17.2 Lakhs
Variable (6%)
₹1.0 Lakh
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17% less than the average Chief Manager Salary in Banking Companies for 7 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Chief Manager Salary
7 - 19 years exp. (329 salaries)
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₹8 L/yr - ₹29 L/yr

Sales & Business Development
Chief Manager Salary
7 - 18 years exp. (109 salaries)
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₹7.5 L/yr - ₹25 L/yr

Finance & Accounting
Chief Manager Salary
7 - 19 years exp. (77 salaries)
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₹9.3 L/yr - ₹30 L/yr

Product Management
Chief Manager Salary
7 - 19 years exp. (40 salaries)
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₹13 L/yr - ₹30 L/yr

Customer Success, Service & Operations
Chief Manager Salary
8 - 19 years exp. (38 salaries)
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₹8.8 L/yr - ₹25.5 L/yr

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Last Updated: 28 Feb 2025

Companies similar to Kotak Mahindra Bank for Chief Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Chief Manager Salary

8 - 15 years exp. (13 salaries)

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₹8 L/yr - ₹26 L/yr

arrow icon 1% more
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ICICI Bank Chief Manager Salary

5 - 23 years exp. (2.2k salaries)

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₹13 L/yr - ₹37 L/yr

arrow icon 36% more
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Axis Bank Chief Manager Salary

9 - 15 years exp. (5 salaries)

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₹13 L/yr - ₹16.6 L/yr

arrow icon 12% less
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State Bank of India Chief Manager Salary

11 - 22 years exp. (367 salaries)

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₹15 L/yr - ₹50 L/yr

arrow icon 78% more
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Yes Bank Chief Manager Salary

3 - 11 years exp. (13 salaries)

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₹14 L/yr - ₹35 L/yr

arrow icon 28% more
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IndusInd Bank Chief Manager Salary

3 - 20 years exp. (1.5k salaries)

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₹6 L/yr - ₹18 L/yr

arrow icon 41% less
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IDFC FIRST Bank Chief Manager Salary

5 - 20 years exp. (653 salaries)

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₹10.2 L/yr - ₹36 L/yr

arrow icon 18% more
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Federal Bank Chief Manager Salary

1 - 31 years exp. (4 salaries)

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₹12 L/yr - ₹20 L/yr

arrow icon 7% less
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Punjab National Bank Chief Manager Salary

10 - 18 years exp. (163 salaries)

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₹12.8 L/yr - ₹50.5 L/yr

arrow icon 61% more
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Bank of Baroda Chief Manager Salary

11 - 18 years exp. (269 salaries)

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₹13.9 L/yr - ₹52 L/yr

arrow icon 66% more
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Chief Manager salary at Kotak Mahindra Bank ranges between ₹7.5 Lakhs to ₹31.2 Lakhs per year for employees with experience between 7 years to 19 years. Salary estimates are based on 915 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Chief Manager

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13 years exp.
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18 years exp.
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10 years exp.
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16 years exp.
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Experience wise Kotak Mahindra Bank Chief Manager salaries

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
7 years  (87 salaries)

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₹10.2 L/yr - ₹30 L/yr
8 years  (92 salaries)

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₹11.5 L/yr - ₹29 L/yr
9 years  (99 salaries)

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₹9 L/yr - ₹30 L/yr
10 years  (93 salaries)

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₹10 L/yr - ₹30 L/yr
11 years  (89 salaries)

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₹10.1 L/yr - ₹31.2 L/yr
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Kotak Mahindra Bank Chief Manager Salary and Career Growth

From

To

Chief Manager

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7 - 19 years exp.

Senior Vice President

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15 - 24 years exp.

Chief Manager 7 - 19 years exp.
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Associate Vice President 3 - 21 years exp.
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arrow icon 11% hike
Vice President 12 - 21 years exp.
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arrow icon 101% hike

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Similar Designation salaries in Kotak Mahindra Bank

Area Manager Salary
(102 salaries)
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₹7.03 L/yr - ₹27.02 L/yr
Sales Manager Salary
(767 salaries)
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₹1.2 L/yr - ₹10 L/yr
Credit Manager Salary
(1k salaries)
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₹4 L/yr - ₹14.5 L/yr
Cluster Manager Salary
(63 salaries)
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₹3.95 L/yr - ₹16.24 L/yr
Branch Manager Salary
(1k salaries)
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₹7 L/yr - ₹25.56 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.5 L/yr
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₹6.1 L/yr - ₹15.5 L/yr
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₹2.63 L/yr - ₹10 L/yr
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₹5.27 L/yr - ₹23 L/yr
Sales Officer Salary
(348 salaries)
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₹1.4 L/yr - ₹4.33 L/yr

Top skills at Kotak Mahindra Bank for Chief Manager

Simulation HR Policies Compensation Management Stakeholder Management Data Analytics Employee Grievances Human Resource Management Employee Relations HR Generalist Activities Compensation HR Strategy HR Analytics Disciplinary Action Employee Induction Talent Management

Salary related reviews for Kotak Mahindra Bank

3.4

Rated by 117 employees for salary & benefits

Full Time

 · 

Project & Program Management Department

3.0
  •  posted on 20 Oct 2022

2.0
 for  Salary and Benefits

Likes

In the right departments, under the right boss, you can have good work life balance. Usually work is recognised without much showmanship and you'll get atleast a basic fair appraisal if not a good one.

read more
  • Job security - Good
  • +1 more

Dislikes

Salaries and hikes are seriously low compared to competition. Because of this reason, they have high attrition yet they refuse to revise pay scales. Promotions and high appraisals are very hard to come by; work is not enough to get these, you have to be in the good books of upper management; who are usually not objective when judging work. A lot of favouritism is practiced. Top and middle management layer is very very lazy. All they do is attend meetings, and dispense ideas and work onto juniors, without giving a thought to the practicality of execution. It is left up to the junior working layer 'how' to do something. Management will only tell you 'what' is to be done. You will get no help or training in the 'how' part.

read more
  • Salary - Poor
  • +3 more

It Services Department

5.0
  •  posted on 20 Aug 2022

5.0
 for  Salary and Benefits

Likes

...e respect each one in our team also team appraises each one of us for our tasks. Salary and benefits are totally on negotiation with HR that i don't want to comment. But once you are in it is your work which gives you recognition, it is a pull based company where your seniors will try to lift you based on your work.

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  • Salary - Excellent
  • +6 more

Dislikes

Till this point of time didn't faced any such problem.

Other Department

4.0
  •  posted on 20 Apr 2022

4.0
 for  Salary and Benefits

Likes

There is great job security at Kotak. Even in pandemic they haven't fired any employee and gave timely salary.

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  • Salary - Good
  • +6 more

Dislikes

Promotion to next level takes little extra time. If employee is very good then he should be promoted basis his performance and not as per standard process.

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Sales & Business Development Department

2.0
  •  posted on 29 Jul 2018

2.0
 for  Salary and Benefits

Likes

One can gain knowlege and exposure on good banking systems but process is very difficult. Apart from that nothing is advantage to work with kotak. Good bank for beginners.

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Dislikes

...process is more important then why hectic business pressure...cant understand. Even for passing irda/amfi this bank is not paying any reimbursements where all banks pay for it bec the Register code is with the bank immun not individual.

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  • Salary - Poor
  • +5 more

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.

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  • Salary - Poor
  • +4 more
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Kotak Mahindra Bank Chief Manager Salary FAQs

What is the salary of Chief Manager at Kotak Mahindra Bank?
Chief Manager salary at Kotak Mahindra Bank in India ranges between ₹7.5 Lakhs to ₹31.2 Lakhs for experience between 7 years to 19 years. According to our estimates it is 17% less than the average Chief Manager Salary in India. Salary estimates are based on 915 latest salaries received from various employees of Kotak Mahindra Bank India.
How does the salary of a Chief Manager at Kotak Mahindra Bank India compare with the average salary range for this job?
The average salary of a Chief Manager at Kotak Mahindra Bank is 17% less than the average salary of a Chief Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Chief Manager at Kotak Mahindra Bank?
Simulation, HR Policies, Compensation Management, Stakeholder Management and Data Analytics are some of the popular skills required to work as a Chief Manager at Kotak Mahindra Bank India.
Which similar companies are paying more than Kotak Mahindra Bank to a Chief Manager in India?
  • State Bank of India Chief Manager Salary - ₹15.0 Lakhs to ₹50.0 Lakhs per year
  • Bank of Baroda Chief Manager Salary - ₹13.9 Lakhs to ₹52.0 Lakhs per year
  • Punjab National Bank Chief Manager Salary - ₹12.8 Lakhs to ₹50.5 Lakhs per year
  • Union Bank of India Chief Manager Salary - ₹12.0 Lakhs to ₹42.0 Lakhs per year
  • Canara Bank Chief Manager Salary - ₹12.0 Lakhs to ₹45.0 Lakhs per year
What is the salary of a Chief Manager in companies similar to Kotak Mahindra Bank in India?
  • UCO Bank Chief Manager Salary - ₹13.6 Lakhs to ₹33.0 Lakhs per year
  • ICICI Bank Chief Manager Salary - ₹13.0 Lakhs to ₹37.0 Lakhs per year
  • Central Bank of India Chief Manager Salary - ₹12.0 Lakhs to ₹36.0 Lakhs per year
  • City Union Bank Chief Manager Salary - ₹16.9 Lakhs to ₹30.0 Lakhs per year
  • Yes Bank Chief Manager Salary - ₹14.0 Lakhs to ₹35.0 Lakhs per year
What is the estimated take home salary of a Chief Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Chief Manager at Kotak Mahindra Bank ranges between ₹1,22,255 per month to ₹1,25,813 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Chief Manager salary in India which ranges between ₹7.5 Lakhs to ₹31.2 Lakhs per year for employees with experience between 7 years to 19 years. Check how did we calculate take home salary?
What is the notice period for Chief Manager at Kotak Mahindra Bank?
According to AmbitionBox, 78% of the Kotak Mahindra Bank Chief Managers reported a notice period of 3 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 315 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindra Bank Chief Manager salary in India ranges between ₹7.5 Lakhs to ₹31.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 915 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.