Kotak Mahindra Bank Chennai Collections Manager Salaries by 10+ Employees (Updated 2025)

3 - 12 years exp.

₹3.6 Lakhs - ₹9 Lakhs

Salary of majority employees

5% more than the average Collections Manager Salary in Banking Companies for 3 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 5 - 12 years exp. (10 salaries)	₹3.6 L/yr - ₹8.1 L/yr
Customer Success, Service & Operations Collections Manager Salary 3 - 12 years exp. (4 salaries)	₹5.1 L/yr - ₹9 L/yr
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Risk Management & Compliance Collections Manager Salary 7 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹8.5 L/yr

Last Updated: 13 Nov 2024

Companies similar to Kotak Mahindra Bank for Collections Manager in Chennai

Kotak Mahindra Bank Collections Manager Salary

3 - 12 years exp. (17 salaries)

₹3.6 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 0 - 16 years exp. (76 salaries)	₹2 L/yr - ₹10 L/yr 4% more	2 job openings
ICICI Bank Collections Manager Salary 3 - 12 years exp. (14 salaries)	₹5 L/yr - ₹8 L/yr 18% more
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Axis Bank Collections Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹10 L/yr 18% more
Yes Bank Collections Manager Salary 4 - 13 years exp. (8 salaries)	₹4.5 L/yr - ₹7.8 L/yr 19% more
IndusInd Bank Collections Manager Salary 4 - 15 years exp. (8 salaries)	₹3.5 L/yr - ₹8 L/yr 14% more	7 job openings
RBL Bank Collections Manager Salary 3 - 10 years exp. (5 salaries)	₹4 L/yr - ₹8.5 L/yr 6% less
Jana Small Finance Bank Collections Manager Salary 6 - 10 years exp. (3 salaries)	₹3.3 L/yr - ₹4 L/yr 39% less

Collections Manager salary at Kotak Mahindra Bank ranges between ₹3.6 Lakhs to ₹9 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Collections Manager salaries in Chennai

Last Updated: 13 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.1 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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5 years (AmbitionBox Estimate)	₹2 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
7 years (3 salaries)	₹3.6 L/yr - ₹6 L/yr
8 years (3 salaries)	₹2.4 L/yr - ₹8.1 L/yr
9 years (3 salaries)	₹6.1 L/yr - ₹8 L/yr
10 years (4 salaries)	₹5 L/yr - ₹12.1 L/yr
11 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹9 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Relationship Manager Salary

(126 salaries)

₹2 L/yr - ₹11 L/yr

Branch Manager Salary

(37 salaries)

₹9 L/yr - ₹20 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

5.0

Rated by 3 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

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Collections Manager Salary FAQs

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

Collections Manager salary at Kotak Mahindra Bank in Chennai ranges between ₹3.6 Lakhs to ₹9.0 Lakhs for experience between 3 years to 12 years. According to our estimates it is 5% more than the average Collections Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

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

The average salary of a Collections Manager at Kotak Mahindra Bank is 5% more than the average salary of a Collections Manager in Chennai. 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 Chennai.

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

Yes Bank Collections Manager Salary - ₹4.5 Lakhs to ₹7.8 Lakhs per year
Axis Bank Collections Manager Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Bank Collections Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
IndusInd Bank Collections Manager Salary - ₹3.5 Lakhs to ₹8.0 Lakhs per year
HDFC Bank Collections Manager Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year

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

RBL Bank Collections Manager Salary - ₹4.0 Lakhs to ₹8.5 Lakhs per year
Jana Small Finance Bank Collections Manager Salary - ₹3.3 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Collections Manager at Kotak Mahindra Bank ranges between ₹47,324 per month to ₹48,444 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Collections Manager salary in India which ranges between ₹3.6 Lakhs to ₹9.0 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Collections Managers in Chennai reported a notice period of 3 Months.This is based on 11 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Collections Manager Salaries in Chennai

Kotak Mahindra Bank Collections Manager salary in Chennai ranges between ₹3.6 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.