Kotak Mahindra Bank Mumbai Deputy Manager Band 2 Salaries by 6 Employees (Updated 2025)

0 - 4 years exp.

₹5 Lakhs - ₹7 Lakhs

Salary of majority employees

18% less than the average Deputy Manager Band 2 Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Band 2 Salary 1 - 4 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr
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Sales & Business Development Deputy Manager Band 2 Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.2 L/yr

Last Updated: 7 Jan 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager Band 2 in Mumbai

Kotak Mahindra Bank Deputy Manager Band 2 Salary

0 - 4 years exp. (6 salaries)

₹5 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Band 2 Salary 3 - 10 years exp. (13 salaries)	₹4.3 L/yr - ₹7.3 L/yr 1% more
ICICI Bank Deputy Manager Band 2 Salary 0 - 14 years exp. (345 salaries)	₹3 L/yr - ₹10.5 L/yr 24% more
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Tata AIG Deputy Manager Band 2 Salary 4 - 12 years exp. (5 salaries)	₹3.7 L/yr - ₹6.5 L/yr 14% less
Suryoday Small Finance Bank Deputy Manager Band 2 Salary 0 - 3 years exp. (3 salaries)	₹6 L/yr - ₹7.2 L/yr 10% more

Deputy Manager Band 2 salary at Kotak Mahindra Bank ranges between ₹5 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager Band 2 salaries in Mumbai

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5.5 L/yr - ₹11 L/yr
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
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2 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.8 L/yr

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Salary related reviews for Kotak Mahindra Bank

Rated by 1 employees for salary & benefits

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

see more salary related reviews

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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 Band 2 Salary FAQs

What is the salary of Deputy Manager Band 2 at Kotak Mahindra Bank Mumbai?

Deputy Manager Band 2 salary at Kotak Mahindra Bank in Mumbai ranges between ₹5.0 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 18% less than the average Deputy Manager Band 2 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Deputy Manager Band 2 at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Deputy Manager Band 2 at Kotak Mahindra Bank is 18% less than the average salary of a Deputy Manager Band 2 in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Deputy Manager Band 2 in Mumbai?

ICICI Bank Deputy Manager Band 2 Salary - ₹3.0 Lakhs to ₹10.5 Lakhs per year
Suryoday Small Finance Bank Deputy Manager Band 2 Salary - ₹6.0 Lakhs to ₹7.2 Lakhs per year
HDFC Bank Deputy Manager Band 2 Salary - ₹4.3 Lakhs to ₹7.3 Lakhs per year

What is the salary of a Deputy Manager Band 2 in companies similar to Kotak Mahindra Bank in Mumbai?

Tata AIG Deputy Manager Band 2 Salary - ₹3.7 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Deputy Manager Band 2 at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Deputy Manager Band 2 at Kotak Mahindra Bank ranges between ₹45,840 per month to ₹46,927 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Band 2 salary in India which ranges between ₹5.0 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Band 2 at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 83% of the Kotak Mahindra Bank Deputy Manager Band 2s in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Band 2 Salaries in Mumbai

Kotak Mahindra Bank Deputy Manager Band 2 salary in Mumbai ranges between ₹5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.