Kotak Mahindra Bank Forex Manager Salaries by 6 Employees (Updated 2025)

1 - 13 years exp.

₹5 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Forex Manager Salary in Banking Companies for 1 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Forex Manager Salary 1 - 7 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr
Sales & Business Development Forex Manager Salary 5 - 13 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹8 L/yr
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Finance & Accounting Forex Manager Salary 11 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 11 Jan 2024

Companies similar to Kotak Mahindra Bank for Forex Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Forex Manager Salary 1 - 11 years exp. (15 salaries)	₹3 L/yr - ₹9.4 L/yr 4% more
ICICI Bank Forex Manager Salary 1 - 7 years exp. (28 salaries)	₹4 L/yr - ₹8 L/yr 9% less
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Axis Bank Forex Manager Salary 0 - 14 years exp. (9 salaries)	₹3 L/yr - ₹9 L/yr 19% more
State Bank of India Forex Manager Salary 31 - 34 years exp. (3 salaries)	₹4.5 L/yr - ₹5.8 L/yr 20% less
Bank of Baroda Forex Manager Salary 6 - 12 years exp. (16 salaries)	₹10 L/yr - ₹20 L/yr 150% more
Union Bank of India Forex Manager Salary 4 - 12 years exp. (8 salaries)	₹8 L/yr - ₹20.5 L/yr 106% more
Karur Vysya Bank Forex Manager Salary 4 - 7 years exp. (4 salaries)	₹8.5 L/yr - ₹11 L/yr 51% more
UCO Bank Forex Manager Salary 8 years exp. (3 salaries)	₹8.8 L/yr - ₹10.2 L/yr 48% more

Forex Manager salary at Kotak Mahindra Bank ranges between ₹5 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Forex Manager salaries

Last Updated: 11 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹9.6 L/yr
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr
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3 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.4 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.3 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.5 L/yr
12 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
13 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr

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Salary related reviews for Kotak Mahindra Bank

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 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

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Forex Manager Salary FAQs

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

Forex Manager salary at Kotak Mahindra Bank in India ranges between ₹5.0 Lakhs to ₹8.0 Lakhs for experience between 1 years to 13 years. According to our estimates it is 22% less than the average Forex Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Forex Manager at Kotak Mahindra Bank is 22% less than the average salary of a Forex Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Forex Manager in India?

Bank of Baroda Forex Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India Forex Manager Salary - ₹8.0 Lakhs to ₹20.5 Lakhs per year
Karur Vysya Bank Forex Manager Salary - ₹8.5 Lakhs to ₹11.0 Lakhs per year
UCO Bank Forex Manager Salary - ₹8.8 Lakhs to ₹10.2 Lakhs per year
Axis Bank Forex Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Forex Manager in companies similar to Kotak Mahindra Bank in India?

HDFC Bank Forex Manager Salary - ₹3.0 Lakhs to ₹9.4 Lakhs per year
ICICI Bank Forex Manager Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year
State Bank of India Forex Manager Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year

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

The estimated take-home salary of a Forex Manager at Kotak Mahindra Bank ranges between ₹47,898 per month to ₹49,032 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Forex Manager salary in India which ranges between ₹5.0 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Forex Manager at Kotak Mahindra Bank?

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

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Kotak Mahindra Bank Forex Manager Salaries

Kotak Mahindra Bank Forex Manager salary in India ranges between ₹5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.