Kotak Mahindra Bank Indore Collections Manager Salaries by 5 Employees (Updated 2025)

5 - 10 years exp.

₹3.4 Lakhs - ₹8.1 Lakhs

Salary of majority employees

At par with the average Collections Manager Salary in Banking Companies for 5 - 10 years of experience

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Last Updated: 30 Oct 2024

Companies similar to Kotak Mahindra Bank for Collections Manager in Indore

Kotak Mahindra Bank Collections Manager Salary

5 - 10 years exp. (5 salaries)

₹3.4 L/yr - ₹8.1 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Collections Manager Salary 3 - 9 years exp. (10 salaries)	₹4 L/yr - ₹8.8 L/yr 14% more
Axis Bank Collections Manager Salary 4 - 13 years exp. (6 salaries)	₹3.1 L/yr - ₹8 L/yr 16% more
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IndusInd Bank Collections Manager Salary 3 - 13 years exp. (7 salaries)	₹4 L/yr - ₹8 L/yr 1% more	7 job openings
IDFC FIRST Bank Collections Manager Salary 2 - 11 years exp. (27 salaries)	₹2.2 L/yr - ₹9 L/yr 3% less
Jana Small Finance Bank Collections Manager Salary 3 - 11 years exp. (7 salaries)	₹3 L/yr - ₹5.7 L/yr 39% less

Collections Manager salary at Kotak Mahindra Bank ranges between ₹3.4 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Collections Manager salaries in Indore

Last Updated: 30 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹9 L/yr
6 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹8.1 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.1 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.5 L/yr

View all

From

Collections Manager

3 - 15 years exp.

Area Collection Manager

₹

Lakhs/yr

6 - 19 years exp.

From

Collections Manager

3 - 15 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

Branch Manager Salary

(31 salaries)

₹8.75 L/yr - ₹20 L/yr

Collection Associate Salary

(4 salaries)

₹2.4 L/yr - ₹3.25 L/yr

Cluster Manager Salary

(3 salaries)

₹8 L/yr - ₹9.85 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

3.4

Rated by 4 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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Collections Manager Salary FAQs

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

Collections Manager salary at Kotak Mahindra Bank in Indore ranges between ₹3.4 Lakhs to ₹8.1 Lakhs for experience between 5 years to 10 years. According to our estimates it is 4% more than the average Collections Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Indore.

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

The average salary of a Collections Manager at Kotak Mahindra Bank is 4% more than the average salary of a Collections Manager in Indore. 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 Indore.

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

Axis Bank Collections Manager Salary - ₹3.1 Lakhs to ₹8.0 Lakhs per year
ICICI Bank Collections Manager Salary - ₹4.0 Lakhs to ₹8.8 Lakhs per year
IndusInd Bank Collections Manager Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year

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

IDFC FIRST Bank Collections Manager Salary - ₹2.2 Lakhs to ₹9.0 Lakhs per year
Jana Small Finance Bank Collections Manager Salary - ₹3.0 Lakhs to ₹5.7 Lakhs per year

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

The estimated take-home salary of a Collections Manager at Kotak Mahindra Bank ranges between ₹47,746 per month to ₹48,876 per month in Indore. The take-home salary calculation is based on the average Kotak Mahindra Bank Collections Manager salary in India which ranges between ₹3.4 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 83% of the Kotak Mahindra Bank Collections Managers in Indore reported a notice period of 3 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Collections Manager Salaries in Indore

Kotak Mahindra Bank Collections Manager salary in Indore ranges between ₹3.4 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.