Kotak Mahindra Bank Deputy Manager Grade 2 Salaries by 800+ Employees (Updated 2025)

0 - 10 years exp.

₹2.6 Lakhs - ₹7 Lakhs

Salary of majority employees

29% less than the average Deputy Manager Grade 2 Salary in Banking Companies for 0 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Grade 2 Salary 0 - 10 years exp. (206 salaries)	₹3 L/yr - ₹6.5 L/yr
BFSI, Investments & Trading Deputy Manager Grade 2 Salary 0 - 10 years exp. (178 salaries)	₹3.2 L/yr - ₹7 L/yr
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Sales & Business Development Deputy Manager Grade 2 Salary 0 - 10 years exp. (177 salaries)	₹3.1 L/yr - ₹6.5 L/yr
Finance & Accounting Deputy Manager Grade 2 Salary 0 - 9 years exp. (70 salaries)	₹3.4 L/yr - ₹6.5 L/yr
Marketing & Communication Deputy Manager Grade 2 Salary 0 - 9 years exp. (31 salaries)	₹2.9 L/yr - ₹6.8 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager Grade 2

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Grade 2 Salary 1 - 11 years exp. (357 salaries)	₹3.6 L/yr - ₹8 L/yr 15% more
ICICI Bank Deputy Manager Grade 2 Salary 0 - 15 years exp. (2.8k salaries)	₹3.1 L/yr - ₹11 L/yr 53% more
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Axis Bank Deputy Manager Grade 2 Salary 3 - 10 years exp. (118 salaries)	₹3.5 L/yr - ₹8.7 L/yr 35% more
State Bank of India Deputy Manager Grade 2 Salary 6 - 11 years exp. (11 salaries)	₹9 L/yr - ₹18 L/yr 172% more
IndusInd Bank Deputy Manager Grade 2 Salary 2 - 11 years exp. (128 salaries)	₹2.8 L/yr - ₹6 L/yr 9% less
Yes Bank Deputy Manager Grade 2 Salary 2 - 8 years exp. (34 salaries)	₹4 L/yr - ₹7 L/yr 16% more
IDFC FIRST Bank Deputy Manager Grade 2 Salary 1 - 9 years exp. (34 salaries)	₹3.3 L/yr - ₹9.8 L/yr 17% more
RBL Bank Deputy Manager Grade 2 Salary 0 - 11 years exp. (12 salaries)	₹5 L/yr - ₹6.6 L/yr 10% more
Bandhan Bank Deputy Manager Grade 2 Salary 2 - 8 years exp. (8 salaries)	₹4.5 L/yr - ₹5.8 L/yr 7% more
Ujjivan Small Finance Bank Deputy Manager Grade 2 Salary 2 - 9 years exp. (51 salaries)	₹3 L/yr - ₹7 L/yr 2% less
Utkarsh Small Finance Bank Deputy Manager Grade 2 Salary 4 - 6 years exp. (4 salaries)	₹5.7 L/yr - ₹7 L/yr 29% more
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City Union Bank Deputy Manager Grade 2 Salary 6 - 12 years exp. (4 salaries)	₹10.5 L/yr - ₹12.4 L/yr 135% more

Deputy Manager Grade 2 salary at Kotak Mahindra Bank ranges between ₹2.6 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 813 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager Grade 2 salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (34 salaries)	₹3.5 L/yr - ₹5.2 L/yr
1 year (43 salaries)	₹3.2 L/yr - ₹6 L/yr
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2 years (90 salaries)	₹3.1 L/yr - ₹6.4 L/yr
3 years (127 salaries)	₹2.6 L/yr - ₹6.5 L/yr
4 years (137 salaries)	₹3 L/yr - ₹6.8 L/yr
5 years (143 salaries)	₹3 L/yr - ₹6.5 L/yr
6 years (107 salaries)	₹3 L/yr - ₹7 L/yr
7 years (68 salaries)	₹3.5 L/yr - ₹6.5 L/yr
8 years (43 salaries)	₹3.5 L/yr - ₹6.5 L/yr
9 years (17 salaries)	₹4 L/yr - ₹6.5 L/yr
10 years (4 salaries)	₹4.5 L/yr - ₹6.1 L/yr

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Salary related reviews for Kotak Mahindra Bank

3.5

Rated by 143 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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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Deputy Manager Grade 2 Salary FAQs

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

Deputy Manager Grade 2 salary at Kotak Mahindra Bank in India ranges between ₹2.6 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 29% less than the average Deputy Manager Grade 2 Salary in India. Salary estimates are based on 813 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank is 29% less than the average salary of a Deputy Manager Grade 2 in India. To know exact salary insights, login to view.

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

State Bank of India Deputy Manager Grade 2 Salary - ₹9.0 Lakhs to ₹18.0 Lakhs per year
City Union Bank Deputy Manager Grade 2 Salary - ₹10.5 Lakhs to ₹12.4 Lakhs per year
ICICI Bank Deputy Manager Grade 2 Salary - ₹3.1 Lakhs to ₹11.0 Lakhs per year
Axis Bank Deputy Manager Grade 2 Salary - ₹3.5 Lakhs to ₹8.7 Lakhs per year
Utkarsh Small Finance Bank Deputy Manager Grade 2 Salary - ₹5.7 Lakhs to ₹7.0 Lakhs per year

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

IDFC FIRST Bank Deputy Manager Grade 2 Salary - ₹3.3 Lakhs to ₹9.8 Lakhs per year
Yes Bank Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year
HDFC Bank Deputy Manager Grade 2 Salary - ₹3.6 Lakhs to ₹8.0 Lakhs per year
RBL Bank Deputy Manager Grade 2 Salary - ₹5.0 Lakhs to ₹6.6 Lakhs per year
Bandhan Bank Deputy Manager Grade 2 Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year

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

The estimated take-home salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank ranges between ₹36,480 per month to ₹37,697 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Grade 2 salary in India which ranges between ₹2.6 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Grade 2 at Kotak Mahindra Bank?

According to AmbitionBox, 54% of the Kotak Mahindra Bank Deputy Manager Grade 2s reported a notice period of 3 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 955 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries by Location

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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries

Kotak Mahindra Bank Deputy Manager Grade 2 salary in India ranges between ₹2.6 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 813 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Manager Grade 2 salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Deputy Manager Grade 2

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager Grade 2

Experience wise Kotak Mahindra Bank Deputy Manager Grade 2 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 Grade 2 Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Deputy Manager Grade 2 Salaries by Location