Kotak Mahindra Bank New Delhi Department Manager Salaries by 3 Employees (Updated 2025)

7 - 10 years exp.

₹3.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

13% less than the average Department Manager Salary in Banking Companies for 7 - 10 years of experience

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Salaries in different departments

Sales & Business Development Department Manager Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr
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BFSI, Investments & Trading Department Manager Salary 7 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.1 L/yr

Last Updated: 6 Jun 2023

Companies similar to Kotak Mahindra Bank for Department Manager in New Delhi

Kotak Mahindra Bank Department Manager Salary

7 - 10 years exp. (3 salaries)

₹3.5 L/yr - ₹4.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Retail Department Manager Salary 0 - 15 years exp. (267 salaries)	₹2 L/yr - ₹6 L/yr 5% more
Shoppers Stop Department Manager Salary 0 - 13 years exp. (166 salaries)	₹4 L/yr - ₹6.7 L/yr 40% more
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Vishal Mega Mart Department Manager Salary 1 - 13 years exp. (139 salaries)	₹2 L/yr - ₹4.8 L/yr 7% less	21 job openings
H&M Department Manager Salary 2 - 12 years exp. (82 salaries)	₹4 L/yr - ₹8 L/yr 69% more	5 job openings
Trent Department Manager Salary 0 - 13 years exp. (72 salaries)	₹2.2 L/yr - ₹5.5 L/yr 9% more	1 job opening

Department Manager salary at Kotak Mahindra Bank ranges between ₹3.5 Lakhs to ₹4.1 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Department Manager salaries in New Delhi

Last Updated: 6 Jun 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.1 L/yr
8 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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9 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.7 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.6k salaries)

₹2 L/yr - ₹8.5 L/yr

Sales Manager Salary

(99 salaries)

₹1.8 L/yr - ₹10.15 L/yr

Team Lead Salary

(61 salaries)

₹2 L/yr - ₹7.2 L/yr

Operations Manager Salary

(23 salaries)

₹3.5 L/yr - ₹9.4 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 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

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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 Department Manager Salary FAQs

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Department Managers in New Delhi reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Department Manager Salaries in New Delhi

Kotak Mahindra Bank Department Manager salary in New Delhi ranges between ₹3.5 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.