Kotak Mahindra Bank Deputy Manager Scale 1 Salaries by 4 Employees (Updated 2025)

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
HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 19% more
ICICI Bank Deputy Manager Scale 1 Salary 0 - 6 years exp. (45 salaries)	₹3.4 L/yr - ₹5.5 L/yr 5% more
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Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 6% less
State Bank of India Deputy Manager Scale 1 Salary 1 - 5 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 123% more
IndusInd Bank Deputy Manager Scale 1 Salary 3 - 5 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 22% less
IDFC FIRST Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr 9% more
Bandhan Bank Deputy Manager Scale 1 Salary 4 - 6 years exp. (3 salaries)	₹5.4 L/yr - ₹8.1 L/yr 45% more
City Union Bank Deputy Manager Scale 1 Salary 8 - 11 years exp. (4 salaries)	₹8 L/yr - ₹10.2 L/yr 114% 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

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

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

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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?

Deputy Manager Scale 1 salary at Kotak Mahindra Bank in India ranges between ₹3.3 Lakhs to ₹5.5 Lakhs for experience between 1 years to 5 years. According to our estimates it is 14% less than the average Deputy Manager Scale 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Deputy Manager Scale 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Deputy Manager Scale 1 at Kotak Mahindra Bank is 14% less than the average salary of a Deputy Manager Scale 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Deputy Manager Scale 1 in India?

State Bank of India Deputy Manager Scale 1 Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
City Union Bank Deputy Manager Scale 1 Salary - ₹8.0 Lakhs to ₹10.2 Lakhs per year
Bandhan Bank Deputy Manager Scale 1 Salary - ₹5.4 Lakhs to ₹8.1 Lakhs per year
HDFC Bank Deputy Manager Scale 1 Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
IDFC FIRST Bank Deputy Manager Scale 1 Salary - ₹3.2 Lakhs to ₹6.4 Lakhs per year

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

ICICI Bank Deputy Manager Scale 1 Salary - ₹3.4 Lakhs to ₹5.5 Lakhs per year
Axis Bank Deputy Manager Scale 1 Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank Deputy Manager Scale 1 Salary - ₹2.9 Lakhs to ₹4.0 Lakhs per year

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 ranges between ₹33,470 per month to ₹34,733 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager Scale 1 salary in India which ranges between ₹3.3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Scale 1 at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Deputy Manager Scale 1s reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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.