Kotak Mahindra Bank Mumbai Deputy Manager II Salaries by 10+ Employees

3 - 6 years exp.

₹3.5 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

36% less than the average Deputy Manager II Salary in Banking Companies for 3 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager II Salary 4 - 6 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr
Finance & Accounting Deputy Manager II Salary 3 - 6 years exp. (4 salaries)	₹3.5 L/yr - ₹4.3 L/yr
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Sales & Business Development Deputy Manager II Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.7 L/yr
Customer Success, Service & Operations Deputy Manager II Salary 5 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.8 L/yr

Last Updated: 11 Oct 2024

Companies similar to Kotak Mahindra Bank for Deputy Manager II in Mumbai

Kotak Mahindra Bank Deputy Manager II Salary

3 - 6 years exp. (13 salaries)

₹3.5 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager II Salary 0 - 14 years exp. (502 salaries)	₹3 L/yr - ₹11 L/yr 65% more
Axis Bank Deputy Manager II Salary 3 - 7 years exp. (8 salaries)	₹4.5 L/yr - ₹8.3 L/yr 32% more
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HDFC Bank Deputy Manager II Salary 3 - 7 years exp. (6 salaries)	₹6.1 L/yr - ₹8 L/yr 36% more
IndusInd Bank Deputy Manager II Salary 4 - 7 years exp. (5 salaries)	₹4.5 L/yr - ₹5.9 L/yr 6% more
IDFC FIRST Bank Deputy Manager II Salary 0 - 5 years exp. (3 salaries)	₹6.3 L/yr - ₹8.4 L/yr 46% more

Deputy Manager II salary at Kotak Mahindra Bank ranges between ₹3.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager II salaries in Mumbai

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
4 years (5 salaries)	₹3.5 L/yr - ₹8.1 L/yr
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5 years (5 salaries)	₹4.1 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹1.52 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

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

Salary - Good

+1 more

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

Job security - Bad

+2 more

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.

Salary - Good

+1 more

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.

Skill development - Bad

+3 more

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.

Salary - Poor

+4 more

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

Salary - Bad

+6 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Deputy Manager II Salary FAQs

What is the salary of Deputy Manager II at Kotak Mahindra Bank in Mumbai?

The average salary of a Deputy Manager II at Kotak Mahindra Bank in Mumbai typically ranges from ₹3.5 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Deputy Manager II in Mumbai at Kotak Mahindra Bank earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Deputy Manager II Salaries at Kotak Mahindra Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Deputy Manager II at Kotak Mahindra Bank in Mumbai typically ranges from ₹33,805 to ₹35,063 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 3 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Deputy Manager II in India?

ICICI Bank	₹3.0 Lakhs to ₹11.0 Lakhs per year
IDFC FIRST Bank	₹6.3 Lakhs to ₹8.4 Lakhs per year
HDFC Bank	₹6.1 Lakhs to ₹8.0 Lakhs per year
Axis Bank	₹4.5 Lakhs to ₹8.3 Lakhs per year
IndusInd Bank	₹4.5 Lakhs to ₹5.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

How the salary growth look like for a Deputy Manager II at Kotak Mahindra Bank in Mumbai?

The salary growth for a Deputy Manager II at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Manager II in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
3 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
4 years	₹3.5 Lakhs to ₹8.1 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.8 Lakhs per year
6 years	₹4.2 Lakhs to ₹5.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Deputy Manager II Salaries in Mumbai

Kotak Mahindra Bank Deputy Manager II salary in Mumbai ranges between ₹3.5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.