Kotak Mahindra Bank Mumbai Finance Manager Salaries by 4 Employees (Updated 2025)

6 - 12 years exp.

₹5.4 Lakhs - ₹6.5 Lakhs

Salary of majority employees

67% less than the average Finance Manager Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

Administration & Facilities Finance Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹5.6 L/yr - ₹6 L/yr
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BFSI, Investments & Trading Finance Manager Salary 8 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹6.9 L/yr

Last Updated: 9 Feb 2024

Companies similar to Kotak Mahindra Bank for Finance Manager in Mumbai

Kotak Mahindra Bank Finance Manager Salary

6 - 12 years exp. (4 salaries)

₹5.4 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Finance Manager Salary 0 - 7 years exp. (15 salaries)	₹5.6 L/yr - ₹6.2 L/yr 3% more
ICICI Bank Finance Manager Salary 1 - 7 years exp. (31 salaries)	₹6.5 L/yr - ₹19 L/yr 117% more
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Yes Bank Finance Manager Salary 1 - 7 years exp. (4 salaries)	₹9 L/yr - ₹17.3 L/yr 79% more
Bank of Baroda Finance Manager Salary 3 - 6 years exp. (3 salaries)	₹10.8 L/yr - ₹16.5 L/yr 160% more
Reliance Retail Finance Manager Salary 0 - 7 years exp. (39 salaries)	₹9 L/yr - ₹18.7 L/yr 147% more

Finance Manager salary at Kotak Mahindra Bank ranges between ₹5.4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Finance Manager salaries in Mumbai

Last Updated: 9 Feb 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
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8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.5 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
11 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹10.9 L/yr

View all

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Branch Head Salary

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Finance Executive Salary

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₹7 L/yr - ₹9.5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 employees for salary & benefits

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

Deputy Manager in Mumbai

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Finance Manager Salary FAQs

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

Finance Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹5.4 Lakhs to ₹6.5 Lakhs for experience between 6 years to 12 years. According to our estimates it is 67% less than the average Finance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Finance Manager at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Finance Manager at Kotak Mahindra Bank is 67% less than the average salary of a Finance Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Finance Manager in Mumbai?

Bank of Baroda Finance Manager Salary - ₹10.8 Lakhs to ₹16.5 Lakhs per year
Reliance Retail Finance Manager Salary - ₹9.0 Lakhs to ₹18.7 Lakhs per year
ICICI Bank Finance Manager Salary - ₹6.5 Lakhs to ₹19.0 Lakhs per year
Yes Bank Finance Manager Salary - ₹9.0 Lakhs to ₹17.3 Lakhs per year
HDFC Bank Finance Manager Salary - ₹5.6 Lakhs to ₹6.2 Lakhs per year

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

The estimated take-home salary of a Finance Manager at Kotak Mahindra Bank ranges between ₹43,610 per month to ₹44,721 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Finance Manager salary in India which ranges between ₹5.4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Finance Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 67% of the Kotak Mahindra Bank Finance Managers in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Finance Manager Salaries in Mumbai

Kotak Mahindra Bank Finance Manager salary in Mumbai ranges between ₹5.4 Lakhs to ₹6.5 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.