Kotak Mahindra Bank Chennai Deputy Manager Grade 2 Salaries by 30+ Employees (Updated 2025)

0 - 8 years exp.

₹3.6 Lakhs - ₹6 Lakhs

Salary of majority employees

27% less than the average Deputy Manager Grade 2 Salary in Banking Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Grade 2 Salary 1 - 6 years exp. (9 salaries)	₹3.6 L/yr - ₹5.4 L/yr
Sales & Business Development Deputy Manager Grade 2 Salary 0 - 7 years exp. (9 salaries)	₹4 L/yr - ₹6 L/yr
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Customer Success, Service & Operations Deputy Manager Grade 2 Salary 0 - 8 years exp. (6 salaries)	₹4 L/yr - ₹5 L/yr
Marketing & Communication Deputy Manager Grade 2 Salary 0 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5.2 L/yr

Last Updated: 4 Jan 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager Grade 2 in Chennai

Kotak Mahindra Bank Deputy Manager Grade 2 Salary

0 - 8 years exp. (31 salaries)

₹3.6 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Grade 2 Salary 1 - 11 years exp. (46 salaries)	₹4 L/yr - ₹6.7 L/yr 15% more
ICICI Bank Deputy Manager Grade 2 Salary 0 - 14 years exp. (184 salaries)	₹4 L/yr - ₹10.4 L/yr 54% more
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Axis Bank Deputy Manager Grade 2 Salary 5 - 9 years exp. (12 salaries)	₹4.3 L/yr - ₹8.7 L/yr 49% more
IndusInd Bank Deputy Manager Grade 2 Salary 3 - 8 years exp. (17 salaries)	₹3.5 L/yr - ₹5.7 L/yr 7% less
Ujjivan Small Finance Bank Deputy Manager Grade 2 Salary 1 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹6 L/yr 2% less

Deputy Manager Grade 2 salary at Kotak Mahindra Bank ranges between ₹3.6 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager Grade 2 salaries in Chennai

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
Fresher (5 salaries)	₹4 L/yr - ₹5 L/yr
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹5 L/yr
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2 years (4 salaries)	₹4 L/yr - ₹4.8 L/yr
3 years (3 salaries)	₹3.6 L/yr - ₹5 L/yr
4 years (4 salaries)	₹4 L/yr - ₹5.4 L/yr
5 years (4 salaries)	₹4.3 L/yr - ₹5.4 L/yr
6 years (5 salaries)	₹4.2 L/yr - ₹6 L/yr
7 years (3 salaries)	₹4.5 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹9 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(659 salaries)

₹1.8 L/yr - ₹8 L/yr

Relationship Manager Salary

(126 salaries)

₹2 L/yr - ₹11 L/yr

Sales Manager Salary

(67 salaries)

₹2 L/yr - ₹10.3 L/yr

Branch Manager Salary

(37 salaries)

₹9 L/yr - ₹20 L/yr

Team Lead Salary

(17 salaries)

₹2 L/yr - ₹6.75 L/yr

Operations Manager Salary

(5 salaries)

₹4.5 L/yr - ₹6.7 L/yr

Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 5 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

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

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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.

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.

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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 Grade 2 Salary FAQs

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

Deputy Manager Grade 2 salary at Kotak Mahindra Bank in Chennai ranges between ₹3.6 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 27% less than the average Deputy Manager Grade 2 Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

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

The average salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank is 27% less than the average salary of a Deputy Manager Grade 2 in Chennai. 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 Chennai?

ICICI Bank Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹10.4 Lakhs per year
Axis Bank Deputy Manager Grade 2 Salary - ₹4.3 Lakhs to ₹8.7 Lakhs per year
HDFC Bank Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹6.7 Lakhs per year

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

Ujjivan Small Finance Bank Deputy Manager Grade 2 Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
IndusInd Bank Deputy Manager Grade 2 Salary - ₹3.5 Lakhs to ₹5.7 Lakhs per year

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

The estimated take-home salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank ranges between ₹35,938 per month to ₹37,164 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Grade 2 salary in India which ranges between ₹3.6 Lakhs to ₹6.0 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 64% of the Kotak Mahindra Bank Deputy Manager Grade 2s in Chennai reported a notice period of 3 Months, 27% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 33 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries in Chennai

Kotak Mahindra Bank Deputy Manager Grade 2 salary in Chennai ranges between ₹3.6 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.