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Kotak Mahindra Bank

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3.8

based on 16.9k Reviews

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Kotak Mahindra Bank Collections Manager salaries in Mumbai Suburban

Annual salary range
3 - 4 years exp.
₹3.7 Lakhs - ₹7.7 Lakhs
Salary of majority employees
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5% more than the average Collections Manager Salary in Banking Companies for 3 - 4 years of experience

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Last Updated: 6 May 2023

Companies similar to Kotak Mahindra Bank for Collections Manager in Mumbai Suburban

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Kotak Mahindra Bank Collections Manager Salary

3 - 4 years exp. (4 salaries)
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₹3.7 L/yr - ₹7.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Prime Collections Manager Salary

5 - 7 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.4 L/yr

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Collections Manager salary at Kotak Mahindra Bank ranges between ₹3.7 Lakhs to ₹7.7 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Collections Manager in Mumbai Suburban

1y ago
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4 years exp.
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3 years exp.
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4 years exp.
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3 years exp.

Experience wise Kotak Mahindra Bank Collections Manager salaries in Mumbai Suburban

Last Updated: 6 May 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹6 L/yr
Kotak Mahindra Bank Collections Manager Salary and Career Growth

From

To

Collections Manager

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3 - 14 years exp.

Area Collection Manager

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₹unlock blur Lakhs/yr

6 - 19 years exp.

From

To

Collections Manager

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3 - 14 years exp.

Head Location Recovery

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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

Credit Processing Associate Salary
(4 salaries)
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₹2 L/yr - ₹4 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

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 .

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • Skill development - Poor
    • +1 more
see more salary related reviews

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2w
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 Mumbai Suburban?
Collections Manager salary at Kotak Mahindra Bank in Mumbai Suburban ranges between ₹3.7 Lakhs to ₹7.7 Lakhs for experience between 3 years to 4 years. According to our estimates it is 5% more than the average Collections Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Mumbai Suburban.
How does the salary of a Collections Manager at Kotak Mahindra Bank Mumbai Suburban 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 Mumbai Suburban. 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 Mumbai Suburban.
What is the salary of a Collections Manager in companies similar to Kotak Mahindra Bank in Mumbai Suburban?
  • Kotak Mahindra Prime Collections Manager Salary - ₹3.5 Lakhs to ₹5.4 Lakhs per year
What is the estimated take home salary of a Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
The estimated take-home salary of a Collections Manager at Kotak Mahindra Bank ranges between ₹45,782 per month to ₹46,868 per month in Mumbai Suburban. The take-home salary calculation is based on the average Kotak Mahindra Bank Collections Manager salary in India which ranges between ₹3.7 Lakhs to ₹7.7 Lakhs per year for employees with experience between 3 years to 4 years. Check how did we calculate take home salary?
What is the notice period for Collections Manager at Kotak Mahindra Bank in Mumbai Suburban?
According to AmbitionBox, 67% of the Kotak Mahindra Bank Collections Managers in Mumbai Suburban reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindra Bank Collections Manager salary in Mumbai Suburban ranges between ₹3.7 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.