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Kotak Mahindra Bank Department Manager salaries in India

Annual salary range
2 - 10 years exp.
₹2.8 Lakhs - ₹4.9 Lakhs
Salary of majority employees
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24% less than the average Department Manager Salary in Banking Companies for 2 - 10 years of experience

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Salaries in different departments

Sales & Business Development
Department Manager Salary
3 - 10 years exp. (4 salaries)
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₹3.5 L/yr - ₹4.5 L/yr

BFSI, Investments & Trading
Department Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.1 L/yr

Customer Success, Service & Operations
Department Manager Salary
3 years exp. (AmbitionBox Estimate)
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₹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
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HDFC Bank Department Manager Salary

1 - 9 years exp. (26 salaries)

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₹3.5 L/yr - ₹8.2 L/yr

arrow icon 16% more
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ICICI Bank Department Manager Salary

0 - 12 years exp. (28 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 30% more
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Axis Bank Department Manager Salary

0 - 8 years exp. (13 salaries)

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₹4.7 L/yr - ₹10 L/yr

arrow icon 78% more
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State Bank of India Department Manager Salary

0 - 30 years exp. (4 salaries)

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₹20 L/yr - ₹75 L/yr

arrow icon 770% more
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IndusInd Bank Department Manager Salary

1 - 12 years exp. (14 salaries)

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₹3.6 L/yr - ₹4.9 L/yr

arrow icon 7% more
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Yes Bank Department Manager Salary

0 - 6 years exp. (12 salaries)

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₹4 L/yr - ₹10.3 L/yr

arrow icon 59% more
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IDFC FIRST Bank Department Manager Salary

3 - 5 years exp. (5 salaries)

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₹3.4 L/yr - ₹9.8 L/yr

arrow icon 52% more
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RBL Bank Department Manager Salary

4 - 10 years exp. (4 salaries)

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₹6.5 L/yr - ₹18 L/yr

arrow icon 185% more
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IDBI Bank Department Manager Salary

0 - 12 years exp. (4 salaries)

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₹6.8 L/yr - ₹23 L/yr

arrow icon 282% more
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₹10.3 L/yr - ₹12 L/yr

arrow icon 188% more
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₹3.4 L/yr - ₹6 L/yr

arrow icon 13% more
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Karur Vysya Bank Department Manager Salary

1 - 9 years exp. (3 salaries)

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₹8 L/yr - ₹16 L/yr

arrow icon 182% more

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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.

Latest annual salaries shared by Kotak Mahindra Bank Department Manager

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4 years exp.
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10 years exp.
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2 years exp.
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7 years exp.
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7 years exp.

Experience wise Kotak Mahindra Bank Department Manager salaries

Last Updated: 9 Feb 2024

Experience Avg Annual Salary
2 years  (3 salaries)

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₹3.5 L/yr - ₹4.9 L/yr
3 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.5 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.2 L/yr
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₹2.63 L/yr - ₹10 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
Sales Manager Salary
(755 salaries)
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₹2.28 L/yr - ₹10 L/yr
Warehouse Manager Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Assistant Department Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Head Cashier Salary
(5 salaries)
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₹2.45 L/yr - ₹6.55 L/yr
Team Lead Salary
(413 salaries)
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₹1.55 L/yr - ₹7 L/yr
Assistant Store Manager Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
Store Incharge Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr

Salary related reviews for Kotak Mahindra Bank

4.3

Rated by 6 employees for salary & benefits

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

read more
  • Salary - Bad
  • +5 more

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

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

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

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
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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.

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