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

3 - 7 years exp.

₹3 Lakhs - ₹5.8 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Deputy Manager Band 1 Salary in Banking Companies for 3 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Band 1 Salary 3 - 7 years exp. (5 salaries)	₹3.1 L/yr - ₹5.8 L/yr
Sales & Business Development Deputy Manager Band 1 Salary 3 - 5 years exp. (3 salaries)	₹4.4 L/yr - ₹5.7 L/yr
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Customer Success, Service & Operations Deputy Manager Band 1 Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹5.8 L/yr

Last Updated: 24 Apr 2024

Companies similar to Kotak Mahindra Bank for Deputy Manager Band 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Band 1 Salary 1 - 11 years exp. (83 salaries)	₹3.5 L/yr - ₹6.8 L/yr 9% more
ICICI Bank Deputy Manager Band 1 Salary 0 - 10 years exp. (952 salaries)	₹3 L/yr - ₹6.8 L/yr 8% more
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Axis Bank Deputy Manager Band 1 Salary 4 - 8 years exp. (23 salaries)	₹3.6 L/yr - ₹8 L/yr 14% more
IndusInd Bank Deputy Manager Band 1 Salary 3 - 8 years exp. (19 salaries)	₹2.3 L/yr - ₹6.7 L/yr 28% less
Yes Bank Deputy Manager Band 1 Salary 5 - 8 years exp. (4 salaries)	₹5 L/yr - ₹5.6 L/yr 6% more
IDFC FIRST Bank Deputy Manager Band 1 Salary 1 - 3 years exp. (5 salaries)	₹4 L/yr - ₹7.1 L/yr 6% less
RBL Bank Deputy Manager Band 1 Salary 0 - 10 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 5% less
Bandhan Bank Deputy Manager Band 1 Salary 0 - 7 years exp. (4 salaries)	₹4.1 L/yr - ₹5 L/yr 6% less
Ujjivan Small Finance Bank Deputy Manager Band 1 Salary 1 - 8 years exp. (4 salaries)	₹3 L/yr - ₹4.3 L/yr 30% less

Deputy Manager Band 1 salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹5.8 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 10 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager Band 1 salaries

Last Updated: 24 Apr 2024

Experience	Avg Annual Salary
3 years (4 salaries)	₹3 L/yr - ₹8.6 L/yr
4 years (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr
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5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.8 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr

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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

see more salary related reviews

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AmbitionBox

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 Deputy Manager Band 1 Salary FAQs

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

Deputy Manager Band 1 salary at Kotak Mahindra Bank in India ranges between ₹3.0 Lakhs to ₹5.8 Lakhs for experience between 3 years to 7 years. According to our estimates it is 8% less than the average Deputy Manager Band 1 Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Deputy Manager Band 1 at Kotak Mahindra Bank is 8% less than the average salary of a Deputy Manager Band 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 Band 1 in India?

Axis Bank Deputy Manager Band 1 Salary - ₹3.6 Lakhs to ₹8.0 Lakhs per year
HDFC Bank Deputy Manager Band 1 Salary - ₹3.5 Lakhs to ₹6.8 Lakhs per year
ICICI Bank Deputy Manager Band 1 Salary - ₹3.0 Lakhs to ₹6.8 Lakhs per year
Yes Bank Deputy Manager Band 1 Salary - ₹5.0 Lakhs to ₹5.6 Lakhs per year

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

RBL Bank Deputy Manager Band 1 Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank Deputy Manager Band 1 Salary - ₹4.0 Lakhs to ₹7.1 Lakhs per year
Bandhan Bank Deputy Manager Band 1 Salary - ₹4.1 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank Deputy Manager Band 1 Salary - ₹2.3 Lakhs to ₹6.7 Lakhs per year
Ujjivan Small Finance Bank Deputy Manager Band 1 Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year

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

The estimated take-home salary of a Deputy Manager Band 1 at Kotak Mahindra Bank ranges between ₹37,726 per month to ₹38,925 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Band 1 salary in India which ranges between ₹3.0 Lakhs to ₹5.8 Lakhs per year for employees with experience between 3 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 45% of the Kotak Mahindra Bank Deputy Manager Band 1s reported a notice period of 1 Month, 37% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Band 1 Salaries

Kotak Mahindra Bank Deputy Manager Band 1 salary in India ranges between ₹3 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.