Kotak Mahindra Bank Finance Manager Salaries by 20+ Employees (Updated 2025)

0 - 12 years exp.

₹2.6 Lakhs - ₹10.1 Lakhs

Salary of majority employees

67% less than the average Finance Manager Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

Finance & Accounting Finance Manager Salary 0 - 3 years exp. (5 salaries)	₹3.2 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Finance Manager Salary 8 - 12 years exp. (3 salaries)	₹6.5 L/yr - ₹7.6 L/yr
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IT & Information Security Finance Manager Salary 9 - 12 years exp. (3 salaries)	₹9 L/yr - ₹10.1 L/yr
Customer Success, Service & Operations Finance Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.8 L/yr
Administration & Facilities Finance Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹6 L/yr

Last Updated: 28 Jan 2025

Companies similar to Kotak Mahindra Bank for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Finance Manager Salary 0 - 5 years exp. (71 salaries)	₹8.4 L/yr - ₹16 L/yr 63% more
HDFC Bank Finance Manager Salary 0 - 8 years exp. (39 salaries)	₹1.6 L/yr - ₹11 L/yr 5% more
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IndusInd Bank Finance Manager Salary 1 - 15 years exp. (23 salaries)	₹2.5 L/yr - ₹5.6 L/yr 36% less
Bank of Baroda Finance Manager Salary 1 - 13 years exp. (18 salaries)	₹10.8 L/yr - ₹25 L/yr 180% more
Jana Small Finance Bank Finance Manager Salary 2 - 10 years exp. (16 salaries)	₹2 L/yr - ₹7.4 L/yr 27% less
IDFC FIRST Bank Finance Manager Salary 3 - 10 years exp. (14 salaries)	₹1.6 L/yr - ₹8.4 L/yr 41% less
Axis Bank Finance Manager Salary 0 - 8 years exp. (12 salaries)	₹2.3 L/yr - ₹7.6 L/yr 24% less
Utkarsh Small Finance Bank Finance Manager Salary 0 - 8 years exp. (8 salaries)	₹2 L/yr - ₹3 L/yr 53% less
Yes Bank Finance Manager Salary 1 - 11 years exp. (7 salaries)	₹6.2 L/yr - ₹15.5 L/yr 51% more
Canara Bank Finance Manager Salary 7 - 11 years exp. (6 salaries)	₹12 L/yr - ₹16 L/yr 179% more
Paytm Payments Bank Finance Manager Salary 7 - 17 years exp. (5 salaries)	₹15.6 L/yr - ₹29.2 L/yr 315% more
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IDBI Bank Finance Manager Salary 3 - 12 years exp. (4 salaries)	₹6 L/yr - ₹19 L/yr 149% more
Federal Bank Finance Manager Salary 1 - 4 years exp. (4 salaries)	₹3.8 L/yr - ₹16.6 L/yr 74% more
Ujjivan Small Finance Bank Finance Manager Salary 2 - 18 years exp. (4 salaries)	₹2.5 L/yr - ₹7.5 L/yr 3% more

Finance Manager salary at Kotak Mahindra Bank ranges between ₹2.6 Lakhs to ₹10.1 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Finance Manager salaries

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹10 L/yr
1 year (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹10.3 L/yr
3 years (4 salaries)	₹3.2 L/yr - ₹10.3 L/yr
4 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.3 L/yr
5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.3 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.5 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10.1 L/yr
10 years (3 salaries)	₹5 L/yr - ₹10.1 L/yr
11 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
12 years (3 salaries)	₹2.3 L/yr - ₹10.1 L/yr

View all

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Collections Manager Salary

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Branch Credit Manager Salary

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₹4.85 L/yr - ₹9.5 L/yr

Branch Head Salary

(275 salaries)

₹7.9 L/yr - ₹25 L/yr

Salary related reviews for Kotak Mahindra Bank

4.1

Rated by 4 employees for salary & benefits

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 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

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Finance Manager Salary FAQs

What is the salary of Finance Manager at Kotak Mahindra Bank ?

The average salary of a Finance Manager at Kotak Mahindra Bank in India typically ranges from ₹2.6 Lakhs to ₹10.1 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Finance Manager at Kotak Mahindra Bank earn more than ₹10.1 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Finance 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Finance Manager at Kotak Mahindra Bank in India typically ranges from ₹43,415 to ₹44,529 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹10.1 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 20+ 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 Finance Manager in India?

Paytm Payments Bank	₹15.6 Lakhs to ₹29.2 Lakhs per year
Bank of Baroda	₹10.8 Lakhs to ₹25.0 Lakhs per year
Canara Bank	₹12.0 Lakhs to ₹16.0 Lakhs per year
IDBI Bank	₹6.0 Lakhs to ₹19.0 Lakhs per year
Federal Bank	₹3.8 Lakhs to ₹16.6 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 Finance Manager in companies similar to Kotak Mahindra Bank in India?

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

ICICI Bank	₹8.4 Lakhs to ₹16.0 Lakhs per year
Yes Bank	₹6.2 Lakhs to ₹15.5 Lakhs per year
HDFC Bank	₹1.6 Lakhs to ₹11.0 Lakhs per year
Ujjivan Small Finance Bank	₹2.5 Lakhs to ₹7.5 Lakhs per year
Axis Bank	₹2.3 Lakhs to ₹7.6 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 Finance Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹10.0 Lakhs per year
1 year	₹5.2 Lakhs to ₹6.6 Lakhs per year
2 years	₹2.6 Lakhs to ₹10.3 Lakhs per year
3 years	₹3.2 Lakhs to ₹10.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Finance Manager Salaries by Location

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Kotak Mahindra Bank Finance Manager Salaries

Kotak Mahindra Bank Finance Manager salary in India ranges between ₹2.6 Lakhs to ₹10.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Finance Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Finance Manager

Latest annual salaries shared by Kotak Mahindra Bank Finance Manager

Experience wise Kotak Mahindra Bank Finance Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Senior Relationship Manager in Ranchi

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Kotak Mahindra Bank Finance Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Finance Manager Salaries by Location