Kotak Mahindra Bank Chennai Deputy Manager Salaries by 600+ Employees (Updated 2025)

0 - 12 years exp.

₹1.8 Lakh - ₹8 Lakhs

Salary of majority employees

41% less than the average Deputy Manager Salary in Banking Companies for 0 - 12 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 0 - 12 years exp. (245 salaries)	₹2.5 L/yr - ₹7 L/yr
Customer Success, Service & Operations Deputy Manager Salary 0 - 12 years exp. (136 salaries)	₹2.3 L/yr - ₹6.8 L/yr
Login to view exact salary
Sales & Business Development Deputy Manager Salary 0 - 12 years exp. (85 salaries)	₹3 L/yr - ₹7.6 L/yr
Finance & Accounting Deputy Manager Salary 0 - 10 years exp. (73 salaries)	₹2.4 L/yr - ₹7 L/yr
Marketing & Communication Deputy Manager Salary 1 - 9 years exp. (15 salaries)	₹3.1 L/yr - ₹6.2 L/yr

Last Updated: 29 Mar 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager in Chennai

Kotak Mahindra Bank Deputy Manager Salary

0 - 12 years exp. (660 salaries)

₹1.8 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Salary 0 - 14 years exp. (2k salaries)	₹2.5 L/yr - ₹10 L/yr 12% more
ICICI Bank Deputy Manager Salary 0 - 15 years exp. (994 salaries)	₹3 L/yr - ₹10.4 L/yr 28% more
Login to view exact salary
Axis Bank Deputy Manager Salary 0 - 14 years exp. (843 salaries)	₹2.5 L/yr - ₹10.7 L/yr 25% more
IndusInd Bank Deputy Manager Salary 0 - 13 years exp. (504 salaries)	₹2 L/yr - ₹7.5 L/yr 5% less
Yes Bank Deputy Manager Salary 0 - 14 years exp. (331 salaries)	₹3 L/yr - ₹8.8 L/yr 15% more
IDFC FIRST Bank Deputy Manager Salary 0 - 10 years exp. (128 salaries)	₹3 L/yr - ₹9.1 L/yr 6% more	6 job openings
RBL Bank Deputy Manager Salary 1 - 11 years exp. (125 salaries)	₹3 L/yr - ₹8.9 L/yr 6% more
City Union Bank Deputy Manager Salary 3 - 14 years exp. (68 salaries)	₹7 L/yr - ₹14 L/yr 117% more
Bandhan Bank Deputy Manager Salary 0 - 10 years exp. (62 salaries)	₹3.5 L/yr - ₹7 L/yr 5% more
Ujjivan Small Finance Bank Deputy Manager Salary 0 - 9 years exp. (10 salaries)	₹2.8 L/yr - ₹5.8 L/yr 9% less
Utkarsh Small Finance Bank Deputy Manager Salary 5 - 12 years exp. (6 salaries)	₹6 L/yr - ₹8.5 L/yr 35% more	1 job opening
Login to view exact salary
Jana Small Finance Bank Deputy Manager Salary 2 - 10 years exp. (3 salaries)	₹4.1 L/yr - ₹5.2 L/yr 1% less

Deputy Manager salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹8 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 660 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Manager salaries in Chennai

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
Fresher (26 salaries)	₹2 L/yr - ₹6 L/yr
1 year (16 salaries)	₹3.5 L/yr - ₹6 L/yr
Login to view exact salary
2 years (38 salaries)	₹1.8 L/yr - ₹6 L/yr
3 years (85 salaries)	₹2.3 L/yr - ₹7 L/yr
4 years (109 salaries)	₹2.4 L/yr - ₹6.8 L/yr
5 years (108 salaries)	₹2.8 L/yr - ₹7.6 L/yr
6 years (104 salaries)	₹2.5 L/yr - ₹7 L/yr
7 years (67 salaries)	₹2.4 L/yr - ₹8 L/yr
8 years (47 salaries)	₹3.5 L/yr - ₹7 L/yr
9 years (32 salaries)	₹3 L/yr - ₹6.9 L/yr
10 years (15 salaries)	₹3.8 L/yr - ₹6.5 L/yr
11 years (8 salaries)	₹4.2 L/yr - ₹5.5 L/yr
12 years (5 salaries)	₹4.3 L/yr - ₹5.8 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(35 salaries)

₹9 L/yr - ₹20 L/yr

Team Manager Salary

(8 salaries)

₹1.3 L/yr - ₹7.25 L/yr

Service Manager Salary

(7 salaries)

₹3.77 L/yr - ₹11.8 L/yr

Deputy Branch Manager Salary

(5 salaries)

₹4.5 L/yr - ₹12 L/yr

Area Manager Salary

(5 salaries)

₹11 L/yr - ₹19 L/yr

Top skills at Kotak Mahindra Bank for Deputy Manager

Field Sales Casa Insurance Customer Acquisition Direct Sales Sales HNI Acquisition Business Development Business Banking Retail Sales Current Account Saving Account Banking Sales Cross Selling Personal Loans

Salary related reviews for Kotak Mahindra Bank

3.4

Rated by 65 employees for salary & benefits

Deputy Manager in Chennai

Customer Success, Service & Operations Department

5.0

• posted on 08 Apr 2021

5.0

for Salary and Benefits

Likes

...ment is working very fast and efficient in both onbording as well as releiving. Employee compensation as well as work life balance is really fantastic. The way the organization helps in pandemic situation is really appreciatable. I am very much satisfied with the brand kotak.

Salary - Excellent

+6 more

Dislikes

There is no dislike about this organization.

Deputy Manager in Chennai

Branch Banking Retail Department

5.0

• posted on 21 Jul 2019

5.0

for Salary and Benefits

Likes

Wonderful organization in my banking career. Everything was superrrr training, knowledge, work environment, salary... But promotion, appraisal, very important these are all only dreams. politics 100% because they don't Mind about MIS performance i have to put jaldra { CHING ChANG } to all my boss , particularly that time BM Ravi anand & Area Manager Srinivasan they used unparliamentary words inside the branch to scold all my colleague even we performed well in our own MIS ....

Salary - Excellent

+5 more

Dislikes

No promotion, no appraisal, no internal job change lots of politics .. less salary high income to banks.

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

malleshkuruva

works at

Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Deputy Manager Salary FAQs

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

The average salary of a Deputy Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹1.8 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Deputy Manager in Chennai at Kotak Mahindra Bank earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹6.8 Lakhs per year. Deputy Manager 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 600+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Deputy Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹37,848 to ₹39,045 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 600+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Deputy Manager at Kotak Mahindra Bank in Chennai?

To be a Deputy Manager at Kotak Mahindra Bank in Chennai, the key skills required include:

- Field Sales
- Casa
- Insurance
- Customer Acquisition
- Direct Sales

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

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

City Union Bank	₹7.0 Lakhs to ₹14.0 Lakhs per year
Utkarsh Small Finance Bank	₹6.0 Lakhs to ₹8.5 Lakhs per year
ICICI Bank	₹3.0 Lakhs to ₹10.4 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹10.7 Lakhs per year
Yes Bank	₹3.0 Lakhs to ₹8.8 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 in companies similar to Kotak Mahindra Bank in Chennai?

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

HDFC Bank	₹2.5 Lakhs to ₹10.0 Lakhs per year
RBL Bank	₹3.0 Lakhs to ₹8.9 Lakhs per year
IDFC FIRST Bank	₹3.0 Lakhs to ₹9.1 Lakhs per year
Bandhan Bank	₹3.5 Lakhs to ₹7.0 Lakhs per year
Jana Small Finance Bank	₹4.1 Lakhs to ₹5.2 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 at Kotak Mahindra Bank in Chennai?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹6.0 Lakhs per year
1 year	₹3.5 Lakhs to ₹6.0 Lakhs per year
2 years	₹1.8 Lakhs to ₹6.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹7.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Deputy Manager Salaries >
Kotak Mahindra Bank Deputy Manager Salaries in Chennai

Kotak Mahindra Bank Deputy Manager salary in Chennai ranges between ₹1.8 Lakh to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 660 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Manager salaries in Chennai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Deputy Manager in Chennai

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager in Chennai

Experience wise Kotak Mahindra Bank Deputy Manager salaries in Chennai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Deputy Manager

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Chennai

Deputy Manager in Chennai

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Kotak Mahindra Bank Deputy Manager Salary FAQs

Tell us how to improve this page.