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

2 - 10 years exp.

₹2.8 Lakhs - ₹4.9 Lakhs

Salary of majority employees

24% less than the average Department Manager Salary in Banking Companies for 2 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Department Manager Salary 3 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Department Manager Salary 7 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.1 L/yr
Login to view exact salary
Customer Success, Service & Operations Department Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.8 L/yr

Last Updated: 9 Feb 2024

Companies similar to Kotak Mahindra Bank for Department Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Department Manager Salary 1 - 9 years exp. (26 salaries)	₹3.5 L/yr - ₹8.2 L/yr 16% more
ICICI Bank Department Manager Salary 0 - 12 years exp. (28 salaries)	₹3 L/yr - ₹9 L/yr 30% more
Login to view exact salary
Axis Bank Department Manager Salary 0 - 8 years exp. (13 salaries)	₹4.7 L/yr - ₹10 L/yr 78% more
State Bank of India Department Manager Salary 0 - 30 years exp. (4 salaries)	₹20 L/yr - ₹75 L/yr 770% more
IndusInd Bank Department Manager Salary 1 - 12 years exp. (14 salaries)	₹3.6 L/yr - ₹4.9 L/yr 7% more
Yes Bank Department Manager Salary 0 - 6 years exp. (12 salaries)	₹4 L/yr - ₹10.3 L/yr 59% more
IDFC FIRST Bank Department Manager Salary 3 - 5 years exp. (5 salaries)	₹3.4 L/yr - ₹9.8 L/yr 52% more
RBL Bank Department Manager Salary 4 - 10 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 185% more
IDBI Bank Department Manager Salary 0 - 12 years exp. (4 salaries)	₹6.8 L/yr - ₹23 L/yr 282% more
HSBC Global Banking and Markets Department Manager Salary 4 - 14 years exp. (3 salaries)	₹10.3 L/yr - ₹12 L/yr 188% more
Ujjivan Small Finance Bank Department Manager Salary 2 - 8 years exp. (3 salaries)	₹3.4 L/yr - ₹6 L/yr 13% more
Login to view exact salary
Karur Vysya Bank Department Manager Salary 1 - 9 years exp. (3 salaries)	₹8 L/yr - ₹16 L/yr 182% more

Department Manager salary at Kotak Mahindra Bank ranges between ₹2.8 Lakhs to ₹4.9 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Department Manager salaries

Last Updated: 9 Feb 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.5 L/yr - ₹4.9 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹4.5 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.1 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.9 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Operations Manager Salary

(255 salaries)

₹2.63 L/yr - ₹10 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Sales Manager Salary

(755 salaries)

₹2.28 L/yr - ₹10 L/yr

Warehouse Manager Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Assistant Department Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Head Cashier Salary

(5 salaries)

₹2.45 L/yr - ₹6.55 L/yr

Team Lead Salary

(413 salaries)

₹1.55 L/yr - ₹7 L/yr

Assistant Store Manager Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Store Incharge Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Salary related reviews for Kotak Mahindra Bank

4.3

Rated by 6 employees for salary & benefits

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Department Manager Salary FAQs

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

Department Manager salary at Kotak Mahindra Bank in India ranges between ₹2.8 Lakhs to ₹4.9 Lakhs for experience between 2 years to 10 years. According to our estimates it is 24% less than the average Department Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Department Manager at Kotak Mahindra Bank is 24% less than the average salary of a Department Manager in India. To know exact salary insights, login to view.

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

State Bank of India Department Manager Salary - ₹20.0 Lakhs to ₹75.0 Lakhs per year
IDBI Bank Department Manager Salary - ₹6.8 Lakhs to ₹23.0 Lakhs per year
HSBC Global Banking and Markets Department Manager Salary - ₹10.3 Lakhs to ₹12.0 Lakhs per year
RBL Bank Department Manager Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
Karur Vysya Bank Department Manager Salary - ₹8.0 Lakhs to ₹16.0 Lakhs per year

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

Axis Bank Department Manager Salary - ₹4.7 Lakhs to ₹10.0 Lakhs per year
Yes Bank Department Manager Salary - ₹4.0 Lakhs to ₹10.3 Lakhs per year
IDFC FIRST Bank Department Manager Salary - ₹3.4 Lakhs to ₹9.8 Lakhs per year
ICICI Bank Department Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
HDFC Bank Department Manager Salary - ₹3.5 Lakhs to ₹8.2 Lakhs per year

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

The estimated take-home salary of a Department Manager at Kotak Mahindra Bank ranges between ₹28,785 per month to ₹30,167 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Department Manager salary in India which ranges between ₹2.8 Lakhs to ₹4.9 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Kotak Mahindra Bank Department Managers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Department Manager Salaries

Kotak Mahindra Bank Department Manager salary in India ranges between ₹2.8 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.