Kotak Mahindra Bank Deputy Manager 1 Salaries by 40+ Employees (Updated 2025)

2 - 9 years exp.

₹3 Lakhs - ₹5.9 Lakhs

Salary of majority employees

20% less than the average Deputy Manager 1 Salary in Banking Companies for 2 - 9 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager 1 Salary 2 - 9 years exp. (16 salaries)	₹3 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Deputy Manager 1 Salary 3 - 8 years exp. (15 salaries)	₹3.2 L/yr - ₹5.5 L/yr
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Finance & Accounting Deputy Manager 1 Salary 5 - 8 years exp. (3 salaries)	₹3.4 L/yr - ₹5.1 L/yr
Sales & Business Development Deputy Manager 1 Salary 3 years exp. (3 salaries)	₹4 L/yr - ₹4.7 L/yr

Last Updated: 7 Jan 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager 1 Salary 2 - 10 years exp. (113 salaries)	₹3 L/yr - ₹7.3 L/yr 22% more
ICICI Bank Deputy Manager 1 Salary 0 - 11 years exp. (1.3k salaries)	₹3 L/yr - ₹7 L/yr 23% more
Login to view exact salary
Axis Bank Deputy Manager 1 Salary 3 - 9 years exp. (67 salaries)	₹2.5 L/yr - ₹7 L/yr 17% more
IndusInd Bank Deputy Manager 1 Salary 2 - 8 years exp. (107 salaries)	₹2.2 L/yr - ₹5.5 L/yr 9% less
Yes Bank Deputy Manager 1 Salary 1 - 9 years exp. (17 salaries)	₹4.4 L/yr - ₹7 L/yr 27% more
IDFC FIRST Bank Deputy Manager 1 Salary 1 - 10 years exp. (41 salaries)	₹3 L/yr - ₹9 L/yr 19% more
RBL Bank Deputy Manager 1 Salary 9 - 11 years exp. (6 salaries)	₹4.7 L/yr - ₹7.3 L/yr 14% more
Bandhan Bank Deputy Manager 1 Salary 2 - 14 years exp. (15 salaries)	₹3.4 L/yr - ₹5.4 L/yr 18% more
Ujjivan Small Finance Bank Deputy Manager 1 Salary 0 - 8 years exp. (31 salaries)	₹3 L/yr - ₹5.2 L/yr 10% less
City Union Bank Deputy Manager 1 Salary 0 - 13 years exp. (6 salaries)	₹8 L/yr - ₹12 L/yr 118% more

Deputy Manager 1 salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹5.9 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 42 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager 1 salaries

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.3 L/yr - ₹7.6 L/yr
3 years (9 salaries)	₹3.2 L/yr - ₹5 L/yr
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4 years (5 salaries)	₹3.2 L/yr - ₹5.1 L/yr
5 years (9 salaries)	₹3 L/yr - ₹5.5 L/yr
6 years (9 salaries)	₹3.4 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹7.8 L/yr
8 years (5 salaries)	₹3.4 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5 L/yr

View all

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Senior Analyst Salary

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₹4.3 L/yr - ₹12.5 L/yr

Relationship Manager Salary

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₹1.6 L/yr - ₹10 L/yr

Team Lead Salary

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₹1.5 L/yr - ₹7 L/yr

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₹2 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

1.8

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

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

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Deputy Manager 1 Salary FAQs

What is the salary of Deputy Manager 1 at Kotak Mahindra Bank?

Deputy Manager 1 salary at Kotak Mahindra Bank in India ranges between ₹3.0 Lakhs to ₹5.9 Lakhs for experience between 2 years to 9 years. According to our estimates it is 20% less than the average Deputy Manager 1 Salary in India. Salary estimates are based on 42 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Deputy Manager 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Deputy Manager 1 at Kotak Mahindra Bank is 20% less than the average salary of a Deputy Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Deputy Manager 1 in India?

City Union Bank Deputy Manager 1 Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Yes Bank Deputy Manager 1 Salary - ₹4.4 Lakhs to ₹7.0 Lakhs per year
ICICI Bank Deputy Manager 1 Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
HDFC Bank Deputy Manager 1 Salary - ₹3.0 Lakhs to ₹7.3 Lakhs per year
IDFC FIRST Bank Deputy Manager 1 Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Deputy Manager 1 in companies similar to Kotak Mahindra Bank in India?

Bandhan Bank Deputy Manager 1 Salary - ₹3.4 Lakhs to ₹5.4 Lakhs per year
Axis Bank Deputy Manager 1 Salary - ₹2.5 Lakhs to ₹7.0 Lakhs per year
RBL Bank Deputy Manager 1 Salary - ₹4.7 Lakhs to ₹7.3 Lakhs per year
IndusInd Bank Deputy Manager 1 Salary - ₹2.2 Lakhs to ₹5.5 Lakhs per year
Ujjivan Small Finance Bank Deputy Manager 1 Salary - ₹3.0 Lakhs to ₹5.2 Lakhs per year

What is the estimated take home salary of a Deputy Manager 1 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Deputy Manager 1 at Kotak Mahindra Bank ranges between ₹31,984 per month to ₹33,269 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager 1 salary in India which ranges between ₹3.0 Lakhs to ₹5.9 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager 1 at Kotak Mahindra Bank?

According to AmbitionBox, 59% of the Kotak Mahindra Bank Deputy Manager 1s reported a notice period of 3 Months, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 34 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager 1 Salaries

Kotak Mahindra Bank Deputy Manager 1 salary in India ranges between ₹3 Lakhs to ₹5.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Manager 1 salaries in India

Companies similar to Kotak Mahindra Bank for Deputy Manager 1

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager 1

Experience wise Kotak Mahindra Bank Deputy Manager 1 salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Operations Manager in Goregaon

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Deputy Manager 1 Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Deputy Manager 1 Salaries by Location