Kotak Mahindra Bank Deputy Manager Salaries by 11000+ Employees (Updated 2025)

0 - 13 years exp.

₹1.7 Lakh - ₹8.4 Lakhs

Salary of majority employees

48% less than the average Deputy Manager Salary in Banking Companies for 0 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 0 - 13 years exp. (3.7k salaries)	₹1.8 L/yr - ₹8 L/yr
Customer Success, Service & Operations Deputy Manager Salary 0 - 13 years exp. (2.4k salaries)	₹1.7 L/yr - ₹8 L/yr
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Sales & Business Development Deputy Manager Salary 0 - 13 years exp. (1.4k salaries)	₹2.1 L/yr - ₹8.4 L/yr
Finance & Accounting Deputy Manager Salary 0 - 13 years exp. (1.2k salaries)	₹2.1 L/yr - ₹8.2 L/yr
Marketing & Communication Deputy Manager Salary 0 - 10 years exp. (365 salaries)	₹2.2 L/yr - ₹7.7 L/yr

Last Updated: 25 Feb 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager Salary 0 - 15 years exp. (15.5k salaries)	₹2 L/yr - ₹10.8 L/yr 28% more
HDFC Bank Deputy Manager Salary 0 - 14 years exp. (15.1k salaries)	₹2 L/yr - ₹10.3 L/yr 15% more
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Axis Bank Deputy Manager Salary 0 - 13 years exp. (10.5k salaries)	₹2 L/yr - ₹8.7 L/yr 24% more
State Bank of India Deputy Manager Salary 4 - 15 years exp. (599 salaries)	₹7.2 L/yr - ₹28 L/yr 238% more
IndusInd Bank Deputy Manager Salary 0 - 13 years exp. (3.7k salaries)	₹1.7 L/yr - ₹8.5 L/yr 2% less	1 job opening
Yes Bank Deputy Manager Salary 0 - 13 years exp. (3.3k salaries)	₹2.3 L/yr - ₹9.1 L/yr 14% more
IDFC FIRST Bank Deputy Manager Salary 0 - 11 years exp. (2.3k salaries)	₹2.2 L/yr - ₹10 L/yr 9% more	3 job openings
RBL Bank Deputy Manager Salary 0 - 13 years exp. (1.5k salaries)	₹2.6 L/yr - ₹8 L/yr 7% more
Bandhan Bank Deputy Manager Salary 0 - 12 years exp. (1.6k salaries)	₹2.5 L/yr - ₹7.5 L/yr 5% more
Utkarsh Small Finance Bank Deputy Manager Salary 0 - 12 years exp. (225 salaries)	₹3.8 L/yr - ₹9.5 L/yr 33% more
City Union Bank Deputy Manager Salary 5 - 13 years exp. (158 salaries)	₹6 L/yr - ₹14 L/yr 112% more
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Baroda Global Shared Services Deputy Manager Salary 5 - 11 years exp. (145 salaries)	₹3.6 L/yr - ₹8.3 L/yr 21% more
Ujjivan Small Finance Bank Deputy Manager Salary 0 - 10 years exp. (245 salaries)	₹2.5 L/yr - ₹5.8 L/yr 17% less
Paytm Payments Bank Deputy Manager Salary 5 - 12 years exp. (69 salaries)	₹5.8 L/yr - ₹24 L/yr 181% more
Shinhan Bank Deputy Manager Salary 4 - 10 years exp. (31 salaries)	₹5.7 L/yr - ₹15 L/yr 96% more
Jana Small Finance Bank Deputy Manager Salary 1 - 12 years exp. (17 salaries)	₹3 L/yr - ₹6.2 L/yr 1% more
Bank of Baroda Deputy Manager Salary 3 - 10 years exp. (11 salaries)	₹3.8 L/yr - ₹13.2 L/yr 81% more
Union Bank of India Deputy Manager Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹16 L/yr 138% more
Karur Vysya Bank Deputy Manager Salary 4 - 10 years exp. (9 salaries)	₹4.2 L/yr - ₹12.5 L/yr 53% more
IDBI Bank Deputy Manager Salary 0 - 6 years exp. (7 salaries)	₹2.5 L/yr - ₹9 L/yr 3% less

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Deputy Manager salary at Kotak Mahindra Bank ranges between ₹1.7 Lakh to ₹8.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 11.3k latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
Fresher (441 salaries)	₹2 L/yr - ₹7 L/yr
1 year (513 salaries)	₹1.7 L/yr - ₹7.1 L/yr
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2 years (1.1k salaries)	₹1.7 L/yr - ₹7.3 L/yr
3 years (1.8k salaries)	₹2 L/yr - ₹7.7 L/yr
4 years (2k salaries)	₹2 L/yr - ₹8 L/yr
5 years (1.9k salaries)	₹2 L/yr - ₹8 L/yr
6 years (1.3k salaries)	₹2.4 L/yr - ₹8.4 L/yr
7 years (788 salaries)	₹2.4 L/yr - ₹8.2 L/yr
8 years (654 salaries)	₹2.5 L/yr - ₹7.8 L/yr
9 years (337 salaries)	₹2.9 L/yr - ₹7.7 L/yr
10 years (250 salaries)	₹3.5 L/yr - ₹7.5 L/yr
11 years (62 salaries)	₹3.5 L/yr - ₹7.2 L/yr
12 years (25 salaries)	₹3.9 L/yr - ₹6.4 L/yr
13 years (8 salaries)	₹5 L/yr - ₹6 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Team Manager Salary

(124 salaries)

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Delivery Manager Salary

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₹18 L/yr - ₹23 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹25.56 L/yr

Area Manager Salary

(102 salaries)

₹7.03 L/yr - ₹27.02 L/yr

Department Manager Salary

(11 salaries)

₹2.8 L/yr - ₹4.92 L/yr

Cluster Manager Salary

(62 salaries)

₹3.78 L/yr - ₹16.34 L/yr

Service Manager Salary

(211 salaries)

₹2.2 L/yr - ₹13.18 L/yr

Deputy Branch Manager Salary

(190 salaries)

₹4.2 L/yr - ₹16 L/yr

Program Manager Salary

(10 salaries)

₹7 L/yr - ₹20 L/yr

Top skills at Kotak Mahindra Bank for Deputy Manager

Field Sales Casa Insurance Customer Acquisition Direct Sales Sales HNI Acquisition Business Development Business Banking Retail Sales Current Account Saving Account Banking Sales Cross Selling Personal Loans

Salary related reviews for Kotak Mahindra Bank

3.5

Rated by 1.9k employees for salary & benefits

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

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

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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 Deputy Manager Salary FAQs

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

Deputy Manager salary at Kotak Mahindra Bank in India ranges between ₹1.7 Lakhs to ₹8.4 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 48% less than the average Deputy Manager Salary in India. Salary estimates are based on 11.3k latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Deputy Manager at Kotak Mahindra Bank is 48% less than the average salary of a Deputy Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Manager at Kotak Mahindra Bank?

Field Sales, Casa, Insurance, Customer Acquisition and Direct Sales are some of the popular skills required to work as a Deputy Manager at Kotak Mahindra Bank India.

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

State Bank of India Deputy Manager Salary - ₹7.2 Lakhs to ₹28.0 Lakhs per year
Paytm Payments Bank Deputy Manager Salary - ₹5.8 Lakhs to ₹24.0 Lakhs per year
Union Bank of India Deputy Manager Salary - ₹9.0 Lakhs to ₹16.0 Lakhs per year
Canara Bank Deputy Manager Salary - ₹8.0 Lakhs to ₹17.6 Lakhs per year
HSBC Global Banking and Markets Deputy Manager Salary - ₹8.3 Lakhs to ₹15.0 Lakhs per year

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

City Union Bank Deputy Manager Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year
Shinhan Bank Deputy Manager Salary - ₹5.7 Lakhs to ₹15.0 Lakhs per year
Federal Bank Deputy Manager Salary - ₹4.5 Lakhs to ₹13.8 Lakhs per year
Bank of Baroda Deputy Manager Salary - ₹3.8 Lakhs to ₹13.2 Lakhs per year
Karur Vysya Bank Deputy Manager Salary - ₹4.2 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at Kotak Mahindra Bank ranges between ₹37,825 per month to ₹39,023 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager salary in India which ranges between ₹1.7 Lakhs to ₹8.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 61% of the Kotak Mahindra Bank Deputy Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7.2k responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Salaries by Location

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Kotak Mahindra Bank Deputy Manager Salaries

Kotak Mahindra Bank Deputy Manager salary in India ranges between ₹1.7 Lakh to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 11.3k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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Kotak Mahindra Bank Deputy Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Deputy Manager

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager

Experience wise Kotak Mahindra Bank Deputy Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Deputy Manager

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Thane

Kotak Mahindra Bank Deputy Manager Salary FAQs

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Kotak Mahindra Bank Deputy Manager Salaries by Location