Kotak Mahindra Bank Deputy Manager Scale 2 Salaries by 10+ Employees

2 - 6 years exp.

₹3.5 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Deputy Manager Scale 2 Salary in Banking Companies for 2 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Deputy Manager Scale 2 Salary 2 - 5 years exp. (8 salaries)	₹3.5 L/yr - ₹6 L/yr
BFSI, Investments & Trading Deputy Manager Scale 2 Salary 2 - 3 years exp. (5 salaries)	₹4 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Deputy Manager Scale 2 Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.2 L/yr
Data Science & Analytics Deputy Manager Scale 2 Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4 L/yr

Last Updated: 16 Oct 2024

Companies similar to Kotak Mahindra Bank for Deputy Manager Scale 2

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager Scale 2 Salary 2 - 8 years exp. (82 salaries)	₹3.6 L/yr - ₹10 L/yr 32% more
HDFC Bank Deputy Manager Scale 2 Salary 0 - 12 years exp. (21 salaries)	₹4 L/yr - ₹7.8 L/yr 23% more
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Axis Bank Deputy Manager Scale 2 Salary 2 - 8 years exp. (21 salaries)	₹4 L/yr - ₹8.5 L/yr 29% more
IndusInd Bank Deputy Manager Scale 2 Salary 3 - 8 years exp. (4 salaries)	₹3.4 L/yr - ₹5 L/yr 6% less
Yes Bank Deputy Manager Scale 2 Salary 3 - 9 years exp. (4 salaries)	₹6 L/yr - ₹6.8 L/yr 35% more
Ujjivan Small Finance Bank Deputy Manager Scale 2 Salary 6 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.7 L/yr 5% less
RBL Bank Deputy Manager Scale 2 Salary 6 - 21 years exp. (3 salaries)	₹5.4 L/yr - ₹8.1 L/yr 51% more
City Union Bank Deputy Manager Scale 2 Salary 15 - 16 years exp. (3 salaries)	₹12.5 L/yr - ₹14 L/yr 181% more

Deputy Manager Scale 2 salary at Kotak Mahindra Bank ranges between ₹3.5 Lakhs to ₹6 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager Scale 2

4mo ago

₹4.2 Lakhs

5 years exp.

10mo ago

₹4 Lakhs

6 years exp.

1y ago

₹4 Lakhs

4 years exp.

1y ago

₹5 Lakhs

3 years exp.

1y ago

₹3.8 Lakhs

3 years exp.

1y ago

4 years exp.

1y ago

2 years exp.

1y ago

5 years exp.

1y ago

3 years exp.

1y ago

4 years exp.

Experience wise Kotak Mahindra Bank Deputy Manager Scale 2 salaries

Last Updated: 16 Oct 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.5 L/yr - ₹5 L/yr
3 years (7 salaries)	₹3.7 L/yr - ₹5.4 L/yr
Login to view exact salary
4 years (4 salaries)	₹4 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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Deputy Branch Manager Salary

(187 salaries)

₹4.1 L/yr - ₹16 L/yr

Team Manager Salary

(140 salaries)

₹2.2 L/yr - ₹12 L/yr

Delivery Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹30 L/yr

Area Manager Salary

(89 salaries)

₹7 L/yr - ₹30.63 L/yr

Department Manager Salary

(11 salaries)

₹2.8 L/yr - ₹4.92 L/yr

Cluster Manager Salary

(60 salaries)

₹3.9 L/yr - ₹16.52 L/yr

Service Manager Salary

(202 salaries)

₹2.34 L/yr - ₹13.5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.5

Rated by 4 employees for salary & benefits

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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

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 Scale 2 Salary FAQs

What is the salary of Deputy Manager Scale 2 at Kotak Mahindra Bank ?

The average salary of a Deputy Manager Scale 2 at Kotak Mahindra Bank in India typically ranges from ₹3.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Deputy Manager Scale 2 at Kotak Mahindra Bank earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Deputy Manager Scale 2 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 Scale 2 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Deputy Manager Scale 2 at Kotak Mahindra Bank in India typically ranges from ₹34,541 to ₹35,788 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 2 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 Scale 2 in India?

City Union Bank	₹12.5 Lakhs to ₹14.0 Lakhs per year
RBL Bank	₹5.4 Lakhs to ₹8.1 Lakhs per year
Yes Bank	₹6.0 Lakhs to ₹6.8 Lakhs per year
ICICI Bank	₹3.6 Lakhs to ₹10.0 Lakhs per year
Axis Bank	₹4.0 Lakhs to ₹8.5 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 2 in companies similar to Kotak Mahindra Bank in India?

The salary of a Deputy Manager Scale 2 at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹4.0 Lakhs to ₹7.8 Lakhs per year
Ujjivan Small Finance Bank	₹4.0 Lakhs to ₹4.7 Lakhs per year
IndusInd Bank	₹3.4 Lakhs to ₹5.0 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 2 at Kotak Mahindra Bank in India?

The salary growth for a Deputy Manager Scale 2 at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Scale 2 can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
2 years	₹3.5 Lakhs to ₹5.0 Lakhs per year
3 years	₹3.7 Lakhs to ₹5.4 Lakhs per year
4 years	₹4.0 Lakhs to ₹6.0 Lakhs per year
5 years	₹4.0 Lakhs to ₹8.2 Lakhs per year

and so on.

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Kotak Mahindra Bank Deputy Manager Scale 2 Salaries

Kotak Mahindra Bank Deputy Manager Scale 2 salary in India ranges between ₹3.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.