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

3 - 14 years exp.

₹1.8 Lakh - ₹9.8 Lakhs

Salary of majority employees

7% more than the average Collections Manager Salary in Banking Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 3 - 14 years exp. (122 salaries)	₹2.1 L/yr - ₹9.5 L/yr
Finance & Accounting Collections Manager Salary 3 - 14 years exp. (44 salaries)	₹2.3 L/yr - ₹8.5 L/yr
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Customer Success, Service & Operations Collections Manager Salary 3 - 12 years exp. (19 salaries)	₹3.1 L/yr - ₹9.4 L/yr
Risk Management & Compliance Collections Manager Salary 4 - 12 years exp. (17 salaries)	₹4 L/yr - ₹9.2 L/yr

Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindra Bank for Collections Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 0 - 18 years exp. (1.1k salaries)	₹3 L/yr - ₹11.1 L/yr 8% more	3 job openings
ICICI Bank Collections Manager Salary 3 - 15 years exp. (202 salaries)	₹2.5 L/yr - ₹12 L/yr 23% more
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Axis Bank Collections Manager Salary 4 - 14 years exp. (287 salaries)	₹2.6 L/yr - ₹10.8 L/yr 23% more
State Bank of India Collections Manager Salary 6 - 10 years exp. (4 salaries)	₹5.4 L/yr - ₹6.7 L/yr 5% more
Yes Bank Collections Manager Salary 4 - 15 years exp. (141 salaries)	₹4.2 L/yr - ₹10.5 L/yr 26% more	2 job openings
IndusInd Bank Collections Manager Salary 1 - 14 years exp. (201 salaries)	₹1.5 L/yr - ₹11 L/yr 3% more
IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (568 salaries)	₹2 L/yr - ₹10.6 L/yr 7% more
RBL Bank Collections Manager Salary 3 - 11 years exp. (74 salaries)	₹2.2 L/yr - ₹10 L/yr 9% less
Federal Bank Collections Manager Salary 4 - 7 years exp. (6 salaries)	₹5.7 L/yr - ₹8 L/yr 12% more
Jana Small Finance Bank Collections Manager Salary 3 - 11 years exp. (63 salaries)	₹2 L/yr - ₹5.7 L/yr 37% less
Bandhan Bank Collections Manager Salary 2 - 13 years exp. (41 salaries)	₹2.7 L/yr - ₹9.9 L/yr 16% less
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Utkarsh Small Finance Bank Collections Manager Salary 2 - 11 years exp. (22 salaries)	₹2.2 L/yr - ₹6.5 L/yr 35% less
Ujjivan Small Finance Bank Collections Manager Salary 0 - 9 years exp. (14 salaries)	₹1.8 L/yr - ₹8 L/yr 17% less
Paytm Payments Bank Collections Manager Salary 3 - 11 years exp. (10 salaries)	₹4.7 L/yr - ₹6.7 L/yr 13% less
Karur Vysya Bank Collections Manager Salary 4 - 10 years exp. (6 salaries)	₹5.2 L/yr - ₹7.5 L/yr 9% more
IDBI Bank Collections Manager Salary 13 - 14 years exp. (3 salaries)	₹20 L/yr - ₹22 L/yr 243% more
Bank of Baroda Collections Manager Salary 18 - 19 years exp. (3 salaries)	₹5.9 L/yr - ₹6 L/yr 2% less

Collections Manager salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹9.8 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 302 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Collections Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
3 years (29 salaries)	₹2 L/yr - ₹7.3 L/yr
4 years (32 salaries)	₹2 L/yr - ₹6 L/yr
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5 years (32 salaries)	₹1.8 L/yr - ₹7.5 L/yr
6 years (41 salaries)	₹1.9 L/yr - ₹9 L/yr
7 years (28 salaries)	₹2.4 L/yr - ₹8.2 L/yr
8 years (34 salaries)	₹3.4 L/yr - ₹9 L/yr
9 years (30 salaries)	₹3.3 L/yr - ₹9.2 L/yr
10 years (28 salaries)	₹3.8 L/yr - ₹9 L/yr
11 years (19 salaries)	₹4.3 L/yr - ₹9.1 L/yr
12 years (15 salaries)	₹4.5 L/yr - ₹9.8 L/yr
13 years (7 salaries)	₹4.6 L/yr - ₹9.5 L/yr
14 years (7 salaries)	₹6 L/yr - ₹8.5 L/yr

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From

Collections Manager

3 - 14 years exp.

Area Collection Manager

₹

Lakhs/yr

6 - 19 years exp.

From

Collections Manager

3 - 14 years exp.

Head Location Recovery

10 - 20 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

Collection Officer Salary

(57 salaries)

₹1.6 L/yr - ₹4.8 L/yr

Area Collection Manager Salary

(72 salaries)

₹6.5 L/yr - ₹16.25 L/yr

Zonal Collection Manager Salary

(4 salaries)

₹17 L/yr - ₹36 L/yr

Collection Associate Salary

(22 salaries)

₹2.34 L/yr - ₹3.55 L/yr

Branch Collection Manager Salary

(3 salaries)

₹5.3 L/yr - ₹10 L/yr

Cluster Manager Salary

(63 salaries)

₹3.95 L/yr - ₹16.24 L/yr

Relationship Manager Salary

(2.5k salaries)

₹1.5 L/yr - ₹10 L/yr

Recovery Manager Salary

(25 salaries)

₹1.8 L/yr - ₹8.21 L/yr

Debt Manager Salary

(10 salaries)

₹4 L/yr - ₹6.5 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹25.56 L/yr

Top skills at Kotak Mahindra Bank for Collections Manager

Collection Management Collections Recovery Collection Management Collections Recovery Sales Debt Management Recovery Management Debt Collection Banking Team Handling Legal Compliance Credit Cards Legal

Salary related reviews for Kotak Mahindra Bank

4.2

Rated by 72 employees for salary & benefits

Collections Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 22 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisal are fair .

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is low.

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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Salary Discussions, Hike & Promotions

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 Collections Manager Salary FAQs

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

Collections Manager salary at Kotak Mahindra Bank in India ranges between ₹1.8 Lakhs to ₹9.8 Lakhs for experience between 3 years to 14 years. According to our estimates it is 7% more than the average Collections Manager Salary in India. Salary estimates are based on 302 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Collections Manager at Kotak Mahindra Bank is 7% more than the average salary of a Collections Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Collections Manager at Kotak Mahindra Bank?

Collection Management, Collections, Recovery, Collection Management and Collections are some of the popular skills required to work as a Collections Manager at Kotak Mahindra Bank India.

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

IDBI Bank Collections Manager Salary - ₹20.0 Lakhs to ₹22.0 Lakhs per year
Yes Bank Collections Manager Salary - ₹4.2 Lakhs to ₹10.5 Lakhs per year
Axis Bank Collections Manager Salary - ₹2.6 Lakhs to ₹10.8 Lakhs per year
ICICI Bank Collections Manager Salary - ₹2.5 Lakhs to ₹12.0 Lakhs per year
Federal Bank Collections Manager Salary - ₹5.7 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Collections Manager in companies similar to Kotak Mahindra Bank in India?

Karur Vysya Bank Collections Manager Salary - ₹5.2 Lakhs to ₹7.5 Lakhs per year
HDFC Bank Collections Manager Salary - ₹3.0 Lakhs to ₹11.1 Lakhs per year
IDFC FIRST Bank Collections Manager Salary - ₹2.0 Lakhs to ₹10.6 Lakhs per year
State Bank of India Collections Manager Salary - ₹5.4 Lakhs to ₹6.7 Lakhs per year
IndusInd Bank Collections Manager Salary - ₹1.5 Lakhs to ₹11.0 Lakhs per year

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

The estimated take-home salary of a Collections Manager at Kotak Mahindra Bank ranges between ₹45,739 per month to ₹46,824 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Collections Manager salary in India which ranges between ₹1.8 Lakhs to ₹9.8 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at Kotak Mahindra Bank?

According to AmbitionBox, 68% of the Kotak Mahindra Bank Collections Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 231 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Collections Manager Salaries by Location

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Kotak Mahindra Bank Collections Manager Salaries

Kotak Mahindra Bank Collections Manager salary in India ranges between ₹1.8 Lakh to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 302 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Collections Manager

Latest annual salaries shared by Kotak Mahindra Bank Collections Manager

Experience wise Kotak Mahindra Bank Collections Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Collections Manager

Salary related reviews for Kotak Mahindra Bank

Collections Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Collections Manager Salary FAQs

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Kotak Mahindra Bank Collections Manager Salaries by Location