Kotak Mahindra Bank Deputy Manager Scale 1 Salaries by 4 Employees

1 - 5 years exp.

₹3.3 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

14% less than the average Deputy Manager Scale 1 Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Scale 1 Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.3 L/yr
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Sales & Business Development Deputy Manager Scale 1 Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹5.5 L/yr

Last Updated: 16 Jun 2023

Companies similar to Kotak Mahindra Bank for Deputy Manager Scale 1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (44 salaries)	₹3.4 L/yr - ₹5.8 L/yr 6% more
Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 6% less
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HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 19% more
IndusInd Bank Deputy Manager Scale 1 Salary 3 - 6 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 22% less
City Union Bank Deputy Manager Scale 1 Salary 8 - 11 years exp. (4 salaries)	₹8 L/yr - ₹10.2 L/yr 114% more
Bandhan Bank Deputy Manager Scale 1 Salary 4 - 6 years exp. (3 salaries)	₹5.4 L/yr - ₹8.1 L/yr 45% more
IDFC FIRST Bank Deputy Manager Scale 1 Salary 1 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr 9% more

Deputy Manager Scale 1 salary at Kotak Mahindra Bank ranges between ₹3.3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager Scale 1 salaries

Last Updated: 16 Jun 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.5 L/yr
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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3 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.2 L/yr

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Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 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

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

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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

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Kotak Mahindra Bank Deputy Manager Scale 1 Salary FAQs

What is the salary of Deputy Manager Scale 1 at Kotak Mahindra Bank ?

The average salary of a Deputy Manager Scale 1 at Kotak Mahindra Bank in India typically ranges from ₹3.3 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Deputy Manager Scale 1 at Kotak Mahindra Bank earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Deputy Manager Scale 1 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 4 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Deputy Manager Scale 1 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Deputy Manager Scale 1 at Kotak Mahindra Bank in India typically ranges from ₹33,470 to ₹34,733 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 4 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 Scale 1 in India?

City Union Bank	₹8.0 Lakhs to ₹10.2 Lakhs per year
Bandhan Bank	₹5.4 Lakhs to ₹8.1 Lakhs per year
HDFC Bank	₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank	₹3.2 Lakhs to ₹6.4 Lakhs per year
ICICI Bank	₹3.4 Lakhs to ₹5.8 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.

What is the salary of a Deputy Manager Scale 1 in companies similar to Kotak Mahindra Bank in India?

The salary of a Deputy Manager Scale 1 at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹3.3 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹2.9 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Deputy Manager Scale 1 at Kotak Mahindra Bank in India?

The salary growth for a Deputy Manager Scale 1 at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Scale 1 can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
1 year	₹5.5 Lakhs to ₹5.5 Lakhs per year
2 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
3 years	₹4.0 Lakhs to ₹8.1 Lakhs per year
4 years	₹1.6 Lakhs to ₹4.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Deputy Manager Scale 1 Salaries

Kotak Mahindra Bank Deputy Manager Scale 1 salary in India ranges between ₹3.3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.