Kotak Mahindra Bank Mumbai Deputy Manager 1 Salaries by 10+ Employees (Updated 2025)

2 - 6 years exp.

₹3.4 Lakhs - ₹5.5 Lakhs

Salary of majority employees

18% less than the average Deputy Manager 1 Salary in Banking Companies for 2 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager 1 Salary 2 - 5 years exp. (7 salaries)	₹3.4 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Deputy Manager 1 Salary 6 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr
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Finance & Accounting Deputy Manager 1 Salary 6 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.1 L/yr

Last Updated: 2 Mar 2025

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

Kotak Mahindra Bank Deputy Manager 1 Salary

2 - 6 years exp. (13 salaries)

₹3.4 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager 1 Salary 0 - 10 years exp. (283 salaries)	₹3.3 L/yr - ₹6.9 L/yr 24% more
HDFC Bank Deputy Manager 1 Salary 3 - 9 years exp. (25 salaries)	₹3.5 L/yr - ₹7.5 L/yr 12% more
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IDFC FIRST Bank Deputy Manager 1 Salary 2 - 9 years exp. (11 salaries)	₹4.5 L/yr - ₹6.3 L/yr 30% more
IndusInd Bank Deputy Manager 1 Salary 4 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹5 L/yr 4% less
Axis Bank Deputy Manager 1 Salary 4 - 9 years exp. (5 salaries)	₹4.5 L/yr - ₹7 L/yr 28% more
City Union Bank Deputy Manager 1 Salary 13 - 17 years exp. (3 salaries)	₹8.9 L/yr - ₹12 L/yr 139% more

Deputy Manager 1 salary at Kotak Mahindra Bank ranges between ₹3.4 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager 1 salaries in Mumbai

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
3 years (3 salaries)	₹1.7 L/yr - ₹5 L/yr
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4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
5 years (3 salaries)	₹3.8 L/yr - ₹5.5 L/yr
6 years (5 salaries)	₹3.4 L/yr - ₹4.5 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Relationship Manager Salary

(459 salaries)

₹1.8 L/yr - ₹10 L/yr

Branch Manager Salary

(137 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(132 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Team Lead Salary

(82 salaries)

₹1.8 L/yr - ₹6.97 L/yr

Operations Manager Salary

(42 salaries)

₹2.32 L/yr - ₹12 L/yr

Quality Analyst Salary

(12 salaries)

₹3.25 L/yr - ₹5.32 L/yr

Senior Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹17.9 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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Kotak Mahindra Bank Deputy Manager 1 Salary FAQs

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

The average salary of a Deputy Manager 1 at Kotak Mahindra Bank in Mumbai typically ranges from ₹3.4 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Deputy Manager 1 in Mumbai at Kotak Mahindra Bank earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Deputy Manager 1 Salaries at Kotak Mahindra Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Deputy Manager 1 at Kotak Mahindra Bank in Mumbai typically ranges from ₹32,031 to ₹33,315 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Deputy Manager 1 in India?

City Union Bank	₹8.9 Lakhs to ₹12.0 Lakhs per year
IDFC FIRST Bank	₹4.5 Lakhs to ₹6.3 Lakhs per year
Axis Bank	₹4.5 Lakhs to ₹7.0 Lakhs per year
ICICI Bank	₹3.3 Lakhs to ₹6.9 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹7.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

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

The salary of a Deputy Manager 1 at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank

₹2.5 Lakhs to ₹5.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Deputy Manager 1 at Kotak Mahindra Bank in Mumbai?

The salary growth for a Deputy Manager 1 at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Manager 1 in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
2 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
3 years	₹1.7 Lakhs to ₹5.0 Lakhs per year
4 years	₹3.9 Lakhs to ₹4.9 Lakhs per year
5 years	₹3.8 Lakhs to ₹5.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Deputy Manager 1 Salaries in Mumbai

Kotak Mahindra Bank Deputy Manager 1 salary in Mumbai ranges between ₹3.4 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Manager 1 salaries in Mumbai (Updated 2025)

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

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager 1 in Mumbai

Experience wise Kotak Mahindra Bank Deputy Manager 1 salaries in Mumbai

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.