Kotak Mahindra Bank Chennai Deputy Manager 1 Salaries by 2 Employees (Updated 2025)

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₹3.9 Lakhs - ₹4.9 Lakhs

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager 1 Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹4.1 L/yr
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Sales & Business Development Deputy Manager 1 Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5 L/yr

Last Updated: 20 Jan 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager 1 in Chennai

Kotak Mahindra Bank Deputy Manager 1 Salary

7 years exp. (AmbitionBox Estimate)

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₹3.9 L/yr - ₹4.9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager 1 Salary 2 - 9 years exp. (9 salaries)	Unlock ₹4 L/yr - ₹6.8 L/yr 28% more
ICICI Bank Deputy Manager 1 Salary 0 - 11 years exp. (70 salaries)	Unlock ₹3.6 L/yr - ₹6.8 L/yr 21% more
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Axis Bank Deputy Manager 1 Salary 6 - 9 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹7 L/yr 17% more
IndusInd Bank Deputy Manager 1 Salary 2 - 9 years exp. (11 salaries)	Unlock ₹3.1 L/yr - ₹5 L/yr 7% less
DCB Bank Deputy Manager 1 Salary 4 - 8 years exp. (12 salaries)	Unlock ₹3.1 L/yr - ₹5 L/yr 3% more

Deputy Manager 1 salary at Kotak Mahindra Bank ranges between ₹3.9 Lakhs to ₹4.9 Lakhs per year for employees with 7 years of experience. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindra Bank.

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Salary related reviews for Kotak Mahindra Bank

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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Kotak Mahindra Bank Deputy Manager 1 Salary FAQs

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Deputy Manager 1s in Chennai reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager 1 Salaries in Chennai

Kotak Mahindra Bank Deputy Manager 1 salary in Chennai ranges between ₹3.9 Lakhs to ₹4.9 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Bank.