Kotak Mahindra Bank Mumbai Chief Manager Salaries by 300+ Employees (Updated 2025)

7 - 19 years exp.

₹9 Lakhs - ₹28.8 Lakhs

Salary of majority employees

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15% 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. (116 salaries)	Unlock ₹9 L/yr - ₹27.5 L/yr
Finance & Accounting Chief Manager Salary 7 - 19 years exp. (42 salaries)	Unlock ₹9.3 L/yr - ₹30 L/yr
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Product Management Chief Manager Salary 7 - 18 years exp. (40 salaries)	Unlock ₹13 L/yr - ₹34.4 L/yr
Sales & Business Development Chief Manager Salary 7 - 18 years exp. (40 salaries)	Unlock ₹10 L/yr - ₹24.5 L/yr
Data Science & Analytics Chief Manager Salary 7 - 19 years exp. (31 salaries)	Unlock ₹10 L/yr - ₹28 L/yr

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Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindra Bank for Chief Manager in Mumbai

Kotak Mahindra Bank Chief Manager Salary

7 - 19 years exp. (396 salaries)

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₹9 L/yr - ₹28.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Manager Salary 5 - 23 years exp. (965 salaries)	Unlock ₹13.7 L/yr - ₹39 L/yr 36% more
Axis Bank Chief Manager Salary 9 - 13 years exp. (3 salaries)	Unlock ₹13 L/yr - ₹36 L/yr 13% more
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State Bank of India Chief Manager Salary 11 - 22 years exp. (106 salaries)	Unlock ₹15.9 L/yr - ₹60 L/yr 86% more
Yes Bank Chief Manager Salary 3 - 7 years exp. (4 salaries)	Unlock ₹14 L/yr - ₹30 L/yr 10% more
IndusInd Bank Chief Manager Salary 3 - 19 years exp. (317 salaries)	Unlock ₹5.8 L/yr - ₹18 L/yr 39% less
IDFC FIRST Bank Chief Manager Salary 5 - 20 years exp. (362 salaries)	Unlock ₹11 L/yr - ₹36 L/yr 23% more
Punjab National Bank Chief Manager Salary 10 - 17 years exp. (32 salaries)	Unlock ₹15 L/yr - ₹50.5 L/yr 67% more
Bank of Baroda Chief Manager Salary 11 - 18 years exp. (116 salaries)	Unlock ₹13.8 L/yr - ₹52 L/yr 78% more
Union Bank of India Chief Manager Salary 10 - 17 years exp. (65 salaries)	Unlock ₹13 L/yr - ₹42 L/yr 67% more
Canara Bank Chief Manager Salary 10 - 19 years exp. (15 salaries)	Unlock ₹12 L/yr - ₹45 L/yr 44% more
Central Bank of India Chief Manager Salary 11 - 15 years exp. (12 salaries)	Unlock ₹20 L/yr - ₹35.1 L/yr 55% more
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The Saraswat Co-operative Bank Chief Manager Salary 12 - 21 years exp. (11 salaries)	Unlock ₹21 L/yr - ₹28 L/yr 29% more
Utkarsh Small Finance Bank Chief Manager Salary 9 - 19 years exp. (11 salaries)	Unlock ₹11 L/yr - ₹18 L/yr 21% less
UCO Bank Chief Manager Salary 10 - 13 years exp. (11 salaries)	Unlock ₹20 L/yr - ₹32 L/yr 56% more
Karur Vysya Bank Chief Manager Salary 13 - 16 years exp. (6 salaries)	Unlock ₹20 L/yr - ₹29 L/yr 26% more
South Indian Bank Chief Manager Salary 10 - 14 years exp. (5 salaries)	Unlock ₹22 L/yr - ₹25 L/yr 32% more
Ujjivan Small Finance Bank Chief Manager Salary 2 - 5 years exp. (3 salaries)	Unlock ₹12.5 L/yr - ₹17.6 L/yr 22% less

Chief Manager salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹28.8 Lakhs per year for employees with experience between 7 years to 19 years. Salary estimates are based on 396 latest salaries received from various employees of Kotak Mahindra Bank.

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

1w ago

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13 years exp.

1w ago

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13 years exp.

1mo ago

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10 years exp.

1mo ago

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16 years exp.

2mo ago

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19 years exp.

3mo ago

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7 years exp.

3mo ago

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14 years exp.

4mo ago

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11 years exp.

5mo ago

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19 years exp.

6mo ago

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14 years exp.

Experience wise Kotak Mahindra Bank Chief Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
7 years (41 salaries)	Unlock ₹11 L/yr - ₹29.5 L/yr
8 years (40 salaries)	Unlock ₹12 L/yr - ₹27 L/yr
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9 years (42 salaries)	Unlock ₹10 L/yr - ₹30 L/yr
10 years (33 salaries)	Unlock ₹11 L/yr - ₹30 L/yr
11 years (40 salaries)	Unlock ₹10 L/yr - ₹34.4 L/yr
12 years (28 salaries)	Unlock ₹8.9 L/yr - ₹27.5 L/yr
13 years (34 salaries)	Unlock ₹9 L/yr - ₹27.5 L/yr
14 years (37 salaries)	Unlock ₹9.2 L/yr - ₹23 L/yr
15+ years (101 salaries)	Unlock ₹8.9 L/yr - ₹30 L/yr

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From

Chief Manager

₹

Lakhs/yr

7 - 19 years exp.

Senior Vice President

₹

Lakhs/yr

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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12% hike

Vice President

12 - 21 years exp.

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101% hike

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)

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₹1.65 L/yr - ₹8.2 L/yr

Credit Manager Salary

(237 salaries)

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₹3.72 L/yr - ₹13 L/yr

Branch Manager Salary

(136 salaries)

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₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(130 salaries)

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₹1.8 L/yr - ₹10.7 L/yr

Sales Officer Salary

(65 salaries)

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₹1.44 L/yr - ₹3.7 L/yr

Operations Manager Salary

(40 salaries)

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₹2 L/yr - ₹12 L/yr

Area Sales Manager Salary

(37 salaries)

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₹6.5 L/yr - ₹18.25 L/yr

Area Manager Salary

(9 salaries)

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₹9 L/yr - ₹31.09 L/yr

Cluster Manager Salary

(6 salaries)

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₹9 L/yr - ₹14.27 L/yr

Territory Manager Salary

(4 salaries)

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₹10 L/yr - ₹15 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

3.2

Rated by 23 employees for salary & benefits

Chief Manager in Mumbai

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.

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.

Salary - Poor

+3 more

Chief Manager in Mumbai

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.

Salary - Excellent

+6 more

Dislikes

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

Chief Manager in Goregaon East Mumbai

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.

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.

Chief Manager in Salem

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.

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.

Salary - Poor

+5 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 Chief Manager Salary FAQs

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

Chief Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹9.0 Lakhs to ₹28.8 Lakhs for experience between 7 years to 19 years. According to our estimates it is 15% less than the average Chief Manager Salary in India. Salary estimates are based on 396 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Chief Manager at Kotak Mahindra Bank is 15% less than the average salary of a Chief Manager in Mumbai. 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 Mumbai.

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

State Bank of India Chief Manager Salary - ₹15.9 Lakhs to ₹60.0 Lakhs per year
Bank of Baroda Chief Manager Salary - ₹13.8 Lakhs to ₹52.0 Lakhs per year
Punjab National Bank Chief Manager Salary - ₹15.0 Lakhs to ₹50.5 Lakhs per year
Union Bank of India Chief Manager Salary - ₹13.0 Lakhs to ₹42.0 Lakhs per year
UCO Bank Chief Manager Salary - ₹20.0 Lakhs to ₹32.0 Lakhs per year

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

Central Bank of India Chief Manager Salary - ₹20.0 Lakhs to ₹35.1 Lakhs per year
Canara Bank Chief Manager Salary - ₹12.0 Lakhs to ₹45.0 Lakhs per year
ICICI Bank Chief Manager Salary - ₹13.7 Lakhs to ₹39.0 Lakhs per year
South Indian Bank Chief Manager Salary - ₹22.0 Lakhs to ₹25.0 Lakhs per year
The Saraswat Co-operative Bank Chief Manager Salary - ₹21.0 Lakhs to ₹28.0 Lakhs per year

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

The estimated take-home salary of a Chief Manager at Kotak Mahindra Bank ranges between ₹1,24,798 per month to ₹1,28,693 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Chief Manager salary in India which ranges between ₹9.0 Lakhs to ₹28.8 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 in Mumbai?

According to AmbitionBox, 85% of the Kotak Mahindra Bank Chief Managers in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 140 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Chief Manager Salaries in Mumbai

Kotak Mahindra Bank Chief Manager salary in Mumbai ranges between ₹9 Lakhs to ₹28.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 396 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Chief Manager in Mumbai

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

Experience wise Kotak Mahindra Bank Chief Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Chief Manager

Salary related reviews for Kotak Mahindra Bank

Chief Manager in Mumbai

Chief Manager in Mumbai

Chief Manager in Goregaon East Mumbai

Chief Manager in Salem

Deputy Branch Manager in Ahmedabad

Kotak Mahindra Bank Chief Manager Salary FAQs

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