Kotak Mahindra Bank Pune Deputy Manager Grade 2 Salaries by 50+ Employees (Updated 2025)

2 - 8 years exp.

₹2.9 Lakhs - ₹7 Lakhs

Salary of majority employees

24% less than the average Deputy Manager Grade 2 Salary in Banking Companies for 2 - 8 years of experience

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Salaries in different departments

Sales & Business Development Deputy Manager Grade 2 Salary 2 - 7 years exp. (21 salaries)	₹4 L/yr - ₹7 L/yr
Customer Success, Service & Operations Deputy Manager Grade 2 Salary 2 - 7 years exp. (13 salaries)	₹3.5 L/yr - ₹5.5 L/yr
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BFSI, Investments & Trading Deputy Manager Grade 2 Salary 3 - 8 years exp. (12 salaries)	₹3.7 L/yr - ₹6.2 L/yr
Marketing & Communication Deputy Manager Grade 2 Salary 2 - 6 years exp. (6 salaries)	₹2.9 L/yr - ₹6.8 L/yr
Finance & Accounting Deputy Manager Grade 2 Salary 2 - 5 years exp. (5 salaries)	₹3.8 L/yr - ₹5.5 L/yr

Last Updated: 27 Jan 2025

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

Kotak Mahindra Bank Deputy Manager Grade 2 Salary

2 - 8 years exp. (59 salaries)

₹2.9 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Grade 2 Salary 1 - 9 years exp. (20 salaries)	₹4 L/yr - ₹7.2 L/yr 12% more
ICICI Bank Deputy Manager Grade 2 Salary 0 - 13 years exp. (200 salaries)	₹4.2 L/yr - ₹10.8 L/yr 46% more
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Axis Bank Deputy Manager Grade 2 Salary 3 - 10 years exp. (6 salaries)	₹6.2 L/yr - ₹8 L/yr 43% more
State Bank of India Deputy Manager Grade 2 Salary 8 - 12 years exp. (4 salaries)	₹10 L/yr - ₹17.5 L/yr 180% more
IndusInd Bank Deputy Manager Grade 2 Salary 3 - 9 years exp. (6 salaries)	₹3.8 L/yr - ₹4.5 L/yr 17% less
Ujjivan Small Finance Bank Deputy Manager Grade 2 Salary 3 - 6 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 13% less

Deputy Manager Grade 2 salary at Kotak Mahindra Bank ranges between ₹2.9 Lakhs to ₹7 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 59 latest salaries received from various employees of Kotak Mahindra Bank.

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

Last Updated: 27 Jan 2025

Experience	Avg Annual Salary
2 years (5 salaries)	₹3.7 L/yr - ₹5 L/yr
3 years (10 salaries)	₹2.9 L/yr - ₹5.8 L/yr
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4 years (14 salaries)	₹3.5 L/yr - ₹6.8 L/yr
5 years (12 salaries)	₹4 L/yr - ₹6 L/yr
6 years (11 salaries)	₹3.5 L/yr - ₹6 L/yr
7 years (5 salaries)	₹3.7 L/yr - ₹7 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.6 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(835 salaries)

₹1.75 L/yr - ₹7.5 L/yr

Relationship Manager Salary

(214 salaries)

₹1.5 L/yr - ₹9.75 L/yr

Sales Manager Salary

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₹1.5 L/yr - ₹11 L/yr

Branch Manager Salary

(53 salaries)

₹7 L/yr - ₹21 L/yr

Operations Manager Salary

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₹4 L/yr - ₹8.89 L/yr

Team Lead Salary

(15 salaries)

₹2 L/yr - ₹5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.8

Rated by 6 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

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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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 Pune?

Deputy Manager Grade 2 salary at Kotak Mahindra Bank in Pune ranges between ₹2.9 Lakhs to ₹7.0 Lakhs for experience between 2 years to 8 years. According to our estimates it is 24% less than the average Deputy Manager Grade 2 Salary in India. Salary estimates are based on 59 latest salaries received from various employees of Kotak Mahindra Bank Pune.

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

The average salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank is 24% less than the average salary of a Deputy Manager Grade 2 in Pune. 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 Pune?

State Bank of India Deputy Manager Grade 2 Salary - ₹10.0 Lakhs to ₹17.5 Lakhs per year
ICICI Bank Deputy Manager Grade 2 Salary - ₹4.2 Lakhs to ₹10.8 Lakhs per year
Axis Bank Deputy Manager Grade 2 Salary - ₹6.2 Lakhs to ₹8.0 Lakhs per year
HDFC Bank Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹7.2 Lakhs per year

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

Ujjivan Small Finance Bank Deputy Manager Grade 2 Salary - ₹3.5 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank Deputy Manager Grade 2 Salary - ₹3.8 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Deputy Manager Grade 2 at Kotak Mahindra Bank ranges between ₹38,100 per month to ₹39,293 per month in Pune. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Grade 2 salary in India which ranges between ₹2.9 Lakhs to ₹7.0 Lakhs per year for employees with experience between 2 years 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 Pune?

According to AmbitionBox, 57% of the Kotak Mahindra Bank Deputy Manager Grade 2s in Pune reported a notice period of 3 Months, 38% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 44 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries in Pune

Kotak Mahindra Bank Deputy Manager Grade 2 salary in Pune ranges between ₹2.9 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 59 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.