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

Annual salary range
0 - 13 years exp.
₹1.7 Lakh - ₹8.2 Lakhs
Salary of majority employees
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Fixed (100%)
₹4.9 Lakhs
Variable (0%)
₹0.0
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43% less than the average Deputy Manager Salary in Banking Companies for 0 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Manager Salary
0 - 13 years exp. (1.2k salaries)
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₹2 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Deputy Manager Salary
0 - 12 years exp. (767 salaries)
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₹1.7 L/yr - ₹7.5 L/yr

Finance & Accounting
Deputy Manager Salary
0 - 12 years exp. (414 salaries)
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₹2.3 L/yr - ₹8.2 L/yr

Sales & Business Development
Deputy Manager Salary
0 - 11 years exp. (291 salaries)
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₹2.1 L/yr - ₹7.5 L/yr

Marketing & Communication
Deputy Manager Salary
0 - 9 years exp. (78 salaries)
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₹2.8 L/yr - ₹7.7 L/yr

Last Updated: 4 Mar 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager in Mumbai

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Kotak Mahindra Bank Deputy Manager Salary

0 - 13 years exp. (3.4k salaries)

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₹1.7 L/yr - ₹8.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Deputy Manager Salary

0 - 15 years exp. (3.6k salaries)

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₹2 L/yr - ₹10.6 L/yr

arrow icon 34% more
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HDFC Bank Deputy Manager Salary

0 - 14 years exp. (3.6k salaries)

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₹2 L/yr - ₹10 L/yr

arrow icon 21% more
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Axis Bank Deputy Manager Salary

0 - 14 years exp. (2.2k salaries)

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₹2 L/yr - ₹9.4 L/yr

arrow icon 28% more
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State Bank of India Deputy Manager Salary

4 - 15 years exp. (87 salaries)

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₹7.1 L/yr - ₹28 L/yr

arrow icon 245% more
1 job opening
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IndusInd Bank Deputy Manager Salary

0 - 13 years exp. (765 salaries)

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₹1.7 L/yr - ₹8.1 L/yr

arrow icon 2% more
1 job opening
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Yes Bank Deputy Manager Salary

0 - 13 years exp. (776 salaries)

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₹2.9 L/yr - ₹9 L/yr

arrow icon 21% more
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IDFC FIRST Bank Deputy Manager Salary

0 - 12 years exp. (594 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 15% more
1 job opening
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RBL Bank Deputy Manager Salary

0 - 13 years exp. (476 salaries)

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₹2.6 L/yr - ₹8 L/yr

arrow icon 13% more
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Bandhan Bank Deputy Manager Salary

0 - 10 years exp. (67 salaries)

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₹3.5 L/yr - ₹7.2 L/yr

arrow icon 13% more
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₹4.3 L/yr - ₹9.5 L/yr

arrow icon 45% more
1 job opening
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₹3.5 L/yr - ₹5.7 L/yr

arrow icon 12% less
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Shinhan Bank Deputy Manager Salary

4 - 11 years exp. (8 salaries)

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₹4.8 L/yr - ₹15 L/yr

arrow icon 106% more
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City Union Bank Deputy Manager Salary

5 - 11 years exp. (5 salaries)

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₹8.5 L/yr - ₹13 L/yr

arrow icon 119% more
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₹4.3 L/yr - ₹6.5 L/yr

arrow icon 23% more

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Deputy Manager salary at Kotak Mahindra Bank ranges between ₹1.7 Lakh to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 3.4k latest salaries received from various employees of Kotak Mahindra Bank.

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

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Experience wise Kotak Mahindra Bank Deputy Manager salaries in Mumbai

Last Updated: 4 Mar 2025

Experience Avg Annual Salary
Fresher  (144 salaries)

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₹2 L/yr - ₹7 L/yr
1 year  (159 salaries)

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₹1.7 L/yr - ₹7.1 L/yr
2 years  (313 salaries)

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₹1.7 L/yr - ₹7 L/yr
3 years  (481 salaries)

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₹2 L/yr - ₹7.5 L/yr
4 years  (576 salaries)

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₹2 L/yr - ₹8 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary
(134 salaries)
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₹7.5 L/yr - ₹25.56 L/yr
Service Manager Salary
(52 salaries)
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₹3.46 L/yr - ₹14 L/yr
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₹4.5 L/yr - ₹16 L/yr
Team Manager Salary
(27 salaries)
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₹2 L/yr - ₹11.51 L/yr
Area Manager Salary
(8 salaries)
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₹9 L/yr - ₹23.27 L/yr
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₹9 L/yr - ₹22.5 L/yr
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₹7 L/yr - ₹23.5 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

3.2

Rated by 290 employees for salary & benefits

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 30 Dec 2023

3.0
 for  Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

  • Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

read more
  • Skill development - Poor
  • +1 more

Full Time

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Risk Management & Compliance Department

4.0
  •  posted on 04 Jun 2023

3.0
 for  Salary and Benefits

Likes

The company provides you a work life balance in which you are able to take many leaves whenever required and also having offs on weekends, Public holidays so no need to work on holidays.

read more
  • Job security - Excellent
  • +4 more

Dislikes

1. Appraisal policy in Kotak is very weak. After receiving out of rating i.e., 5, you may receive less increment and bonus. 2. Also no outing / parties arrangement from company. 3.No Free transportation facility from company that you will get charged. 4.No hybrid work.

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Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 08 Oct 2022

2.0
 for  Salary and Benefits

Likes

No one was laid off during covid so if you want a secure job this is it. No strong hierarchial barrier. Lower level can easily communicate with high ups if required and vice versa this creates plenty of opportunities. Supportive managers.

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  • Job security - Excellent
  • +1 more

Dislikes

Salary and increment - mid-low range as per industry standards. Work life balance - depends on the product assigned. Work time range between 10-15 hours. HR doesn't do much. Growth & incentives - promotions are not considered until 2 appraisals are done. Do not keep expectations of any type of incentive for OT, cab etc as there are none. Management has been working in the bank for quite some time and can force you to get work done if required. Expect to be forced to work on non working days once in a while.

read more
  • Salary - Poor
  • +1 more

CRM Department

1.0
  •  posted on 16 Aug 2019

3.0
 for  Salary and Benefits

Likes

Good team mates, salary on time that's it nothing else

Dislikes

Too much favoritism- politics, no work life balance, long working hours, too much sales pressure, no job security, employee's are asked to straight away put their papers

read more
  • Skill development - Bad
  • +5 more
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Kotak Mahindra Bank Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Kotak Mahindra Bank Mumbai?
Deputy Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹1.7 Lakhs to ₹8.2 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 43% less than the average Deputy Manager Salary in India. Salary estimates are based on 3.4k latest salaries received from various employees of Kotak Mahindra Bank Mumbai.
How does the salary of a Deputy Manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?
The average salary of a Deputy Manager at Kotak Mahindra Bank is 43% less than the average salary of a Deputy Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Deputy Manager at Kotak Mahindra Bank?
Field Sales, Casa, Insurance, Customer Acquisition and Direct Sales are some of the popular skills required to work as a Deputy Manager at Kotak Mahindra Bank Mumbai.
Which similar companies are paying more than Kotak Mahindra Bank to a Deputy Manager in Mumbai?
  • State Bank of India Deputy Manager Salary - ₹7.1 Lakhs to ₹28.0 Lakhs per year
  • City Union Bank Deputy Manager Salary - ₹8.5 Lakhs to ₹13.0 Lakhs per year
  • Shinhan Bank Deputy Manager Salary - ₹4.8 Lakhs to ₹15.0 Lakhs per year
  • Utkarsh Small Finance Bank Deputy Manager Salary - ₹4.3 Lakhs to ₹9.5 Lakhs per year
  • ICICI Bank Deputy Manager Salary - ₹2.0 Lakhs to ₹10.6 Lakhs per year
What is the salary of a Deputy Manager in companies similar to Kotak Mahindra Bank in Mumbai?
  • Axis Bank Deputy Manager Salary - ₹2.0 Lakhs to ₹9.4 Lakhs per year
  • Baroda Global Shared Services Deputy Manager Salary - ₹4.3 Lakhs to ₹6.5 Lakhs per year
  • Yes Bank Deputy Manager Salary - ₹2.9 Lakhs to ₹9.0 Lakhs per year
  • HDFC Bank Deputy Manager Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
  • IDFC FIRST Bank Deputy Manager Salary - ₹3.0 Lakhs to ₹9.5 Lakhs per year
What is the estimated take home salary of a Deputy Manager at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Deputy Manager at Kotak Mahindra Bank ranges between ₹36,937 per month to ₹38,148 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Manager salary in India which ranges between ₹1.7 Lakhs to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?
What is the notice period for Deputy Manager at Kotak Mahindra Bank in Mumbai?
According to AmbitionBox, 67% of the Kotak Mahindra Bank Deputy Managers in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 1.7k responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Manager salary in Mumbai ranges between ₹1.7 Lakh to ₹8.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3.4k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.