Kotak Mahindra Bank New Delhi Deputy Manager Grade 2 Salaries by 80+ Employees (Updated 2025)

1 - 9 years exp.

₹3 Lakhs - ₹6.4 Lakhs

Salary of majority employees

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28% less than the average Deputy Manager Grade 2 Salary in Banking Companies for 1 - 9 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Grade 2 Salary 1 - 8 years exp. (23 salaries)	Unlock ₹3 L/yr - ₹6 L/yr
Sales & Business Development Deputy Manager Grade 2 Salary 2 - 7 years exp. (18 salaries)	Unlock ₹4.3 L/yr - ₹6.1 L/yr
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BFSI, Investments & Trading Deputy Manager Grade 2 Salary 1 - 8 years exp. (16 salaries)	Unlock ₹3.5 L/yr - ₹6.4 L/yr
Finance & Accounting Deputy Manager Grade 2 Salary 2 - 9 years exp. (9 salaries)	Unlock ₹4 L/yr - ₹5.8 L/yr
Marketing & Communication Deputy Manager Grade 2 Salary 8 - 9 years exp. (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.3 L/yr

Last Updated: 1 Mar 2025

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

Kotak Mahindra Bank Deputy Manager Grade 2 Salary

1 - 9 years exp. (82 salaries)

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₹3 L/yr - ₹6.4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Grade 2 Salary 1 - 11 years exp. (62 salaries)	Unlock ₹3.6 L/yr - ₹7.5 L/yr 14% more
ICICI Bank Deputy Manager Grade 2 Salary 0 - 15 years exp. (349 salaries)	Unlock ₹4.2 L/yr - ₹11 L/yr 54% more
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Axis Bank Deputy Manager Grade 2 Salary 3 - 8 years exp. (11 salaries)	Unlock ₹4 L/yr - ₹8 L/yr 38% more
State Bank of India Deputy Manager Grade 2 Salary 6 - 12 years exp. (3 salaries)	Unlock ₹9 L/yr - ₹16 L/yr 161% more
IndusInd Bank Deputy Manager Grade 2 Salary 2 - 8 years exp. (4 salaries)	Unlock ₹3.8 L/yr - ₹5.4 L/yr 10% less
Yes Bank Deputy Manager Grade 2 Salary 2 - 8 years exp. (7 salaries)	Unlock ₹4.9 L/yr - ₹6.9 L/yr 21% more

Deputy Manager Grade 2 salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹6.4 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 82 latest salaries received from various employees of Kotak Mahindra Bank.

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

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Experience wise Kotak Mahindra Bank Deputy Manager Grade 2 salaries in New Delhi

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	Unlock ₹4.5 L/yr - ₹5.5 L/yr
2 years (15 salaries)	Unlock ₹3.7 L/yr - ₹6 L/yr
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3 years (14 salaries)	Unlock ₹3.7 L/yr - ₹6.2 L/yr
4 years (21 salaries)	Unlock ₹3 L/yr - ₹6.4 L/yr
5 years (11 salaries)	Unlock ₹3 L/yr - ₹6.2 L/yr
6 years (5 salaries)	Unlock ₹3 L/yr - ₹6.1 L/yr
7 years (6 salaries)	Unlock ₹3.5 L/yr - ₹5.8 L/yr
8 years (5 salaries)	Unlock ₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4.9 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.6k salaries)

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₹2 L/yr - ₹8.5 L/yr

Relationship Manager Salary

(399 salaries)

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₹1.8 L/yr - ₹11 L/yr

Branch Manager Salary

(122 salaries)

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₹8 L/yr - ₹25 L/yr

Sales Manager Salary

(98 salaries)

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₹1.8 L/yr - ₹9.94 L/yr

Team Lead Salary

(63 salaries)

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₹2 L/yr - ₹7.2 L/yr

Operations Manager Salary

(21 salaries)

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₹3.5 L/yr - ₹9.4 L/yr

Salary related reviews for Kotak Mahindra Bank

4.3

Rated by 10 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 Grade 2 Salary FAQs

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

Deputy Manager Grade 2 salary at Kotak Mahindra Bank in New Delhi ranges between ₹3.0 Lakhs to ₹6.4 Lakhs for experience between 1 years to 9 years. According to our estimates it is 28% less than the average Deputy Manager Grade 2 Salary in India. Salary estimates are based on 82 latest salaries received from various employees of Kotak Mahindra Bank New Delhi.

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

The average salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank is 28% less than the average salary of a Deputy Manager Grade 2 in New Delhi. 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 New Delhi?

State Bank of India Deputy Manager Grade 2 Salary - ₹9.0 Lakhs to ₹16.0 Lakhs per year
ICICI Bank Deputy Manager Grade 2 Salary - ₹4.2 Lakhs to ₹11.0 Lakhs per year
Axis Bank Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year
Yes Bank Deputy Manager Grade 2 Salary - ₹4.9 Lakhs to ₹6.9 Lakhs per year
HDFC Bank Deputy Manager Grade 2 Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year

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

IndusInd Bank Deputy Manager Grade 2 Salary - ₹3.8 Lakhs to ₹5.4 Lakhs per year

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

The estimated take-home salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank ranges between ₹36,958 per month to ₹38,169 per month in New Delhi. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Grade 2 salary in India which ranges between ₹3.0 Lakhs to ₹6.4 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 61% of the Kotak Mahindra Bank Deputy Manager Grade 2s in New Delhi reported a notice period of 3 Months, 21% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 56 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries in New Delhi

Kotak Mahindra Bank Deputy Manager Grade 2 salary in New Delhi ranges between ₹3 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 82 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

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

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

Experience wise Kotak Mahindra Bank Deputy Manager Grade 2 salaries in New Delhi

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

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