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

2 - 12 years exp.

₹4.7 Lakhs - ₹17 Lakhs

Salary of majority employees

16% less than the average HR Manager Salary in Banking Companies for 2 - 12 years of experience

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Last Updated: 28 Feb 2025

Companies similar to Kotak Mahindra Bank for HR Manager in Mumbai

Kotak Mahindra Bank HR Manager Salary

2 - 12 years exp. (24 salaries)

₹4.7 L/yr - ₹17 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank HR Manager Salary 1 - 7 years exp. (126 salaries)	₹7.6 L/yr - ₹27.7 L/yr 47% more
HDFC Bank HR Manager Salary 2 - 13 years exp. (27 salaries)	₹6.9 L/yr - ₹15 L/yr 6% less
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Axis Bank HR Manager Salary 4 - 13 years exp. (24 salaries)	₹5.7 L/yr - ₹16.1 L/yr 1% less
Yes Bank HR Manager Salary 4 - 11 years exp. (15 salaries)	₹5.2 L/yr - ₹17.3 L/yr 8% less
IndusInd Bank HR Manager Salary 7 - 12 years exp. (9 salaries)	₹5 L/yr - ₹10.4 L/yr 34% less
The Saraswat Co-operative Bank HR Manager Salary 10 - 14 years exp. (4 salaries)	₹14.7 L/yr - ₹15 L/yr 36% more
RBL Bank HR Manager Salary 10 - 12 years exp. (3 salaries)	₹7.4 L/yr - ₹8.3 L/yr 27% less

HR Manager salary at Kotak Mahindra Bank ranges between ₹4.7 Lakhs to ₹17 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank HR Manager salaries in Mumbai

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
3 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
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4 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
5 years (3 salaries)	₹4.3 L/yr - ₹19.5 L/yr
6 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
7 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
8 years (5 salaries)	₹7.5 L/yr - ₹17 L/yr
9 years (3 salaries)	₹7 L/yr - ₹13 L/yr
10 years (3 salaries)	₹7 L/yr - ₹11.8 L/yr
11 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
12 years (3 salaries)	₹8 L/yr - ₹12 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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HR Executive Generalist Salary

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Senior Manager-HR Salary

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₹10.6 L/yr - ₹17 L/yr

HR Business Partner Salary

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₹16 L/yr - ₹22 L/yr

Associate Vice President HR Salary

(8 salaries)

₹21.25 L/yr - ₹34 L/yr

Manager Talent Acquisition Salary

(8 salaries)

₹5 L/yr - ₹11 L/yr

AM Human Resource Salary

(7 salaries)

₹3 L/yr - ₹3.74 L/yr

Administration Executive Salary

(5 salaries)

₹2.16 L/yr - ₹4 L/yr

Assistant Manager- HR Salary

(5 salaries)

₹2.5 L/yr - ₹4.3 L/yr

HR Associate Salary

(4 salaries)

₹2.4 L/yr - ₹4.71 L/yr

Top skills at Kotak Mahindra Bank for HR Manager

Vendor Management Human Resource Management Performance Management Employee Engagement Escalation Management Bulk Hiring Employee Communication Excel Powerpoint HR Strategy HR Analytics Banking

Salary related reviews for Kotak Mahindra Bank

HR Executive in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 01 Aug 2020

2.0

for Salary and Benefits

Likes

... build the knowledge and carrier.my colleagues are very nice and helping nature. company has provide salary in lockdown to every employee also they are getting touch with employee on calls and massages.

Skill development - Good

+1 more

Dislikes

salary /appraisal, career growth

Salary - Poor

+2 more

Administration Executive in Banglore

Finance & Accounting Department

4.0

• posted on 15 Jul 2020

3.0

for Salary and Benefits

Likes

Good work environment and culture. Very supportive and friendly management. Company policies are good.. Work from home facility's for covid -19 lockdown time.

Skill development - Good

+2 more

Dislikes

Work pressure very high. Salary for not good

HR Payroll Executive in Mumbai, IT Park

Human Resources Department

3.0

• posted on 08 May 2021

2.0

for Salary and Benefits

Likes

I loved my immediate colleagues.

Dislikes

...worth it, they promote people seeing their tenure and that also after 4-5 years. There is no salary growth for 3rd party payroll employees. It's like they just don't care.

Salary - Poor

+4 more

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

Manager OPS in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 18 Mar 2025

2.0

for Salary and Benefits

Likes

There is nothing much to like except you may see a level of job security if you're doing good in ops or sales work

Dislikes

Almost every aspect of the job that includes culture, managers, management, decisions, promotions, salary, all other perks, work life balance is NIL, kissing of Manger's hand may allow you to grow mostly, a company with worst management who doesn't even care for employees and men who are working hard. Please do not join if you have some other better options in hand

Salary - Poor

+5 more

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Kotak Mahindra Bank HR Manager Salary FAQs

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

The average salary of a HR Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹4.7 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of HR Manager in Mumbai at Kotak Mahindra Bank earn more than ₹14.3 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. HR 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 HR Manager at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a HR Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹78,407 to ₹80,444 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 2 years 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.

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

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

- Vendor Management
- Human Resource Management
- Performance Management
- Employee Engagement
- Escalation Management

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 HR Manager in India?

ICICI Bank	₹7.6 Lakhs to ₹27.7 Lakhs per year
The Saraswat Co-operative Bank	₹14.7 Lakhs to ₹15.0 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 HR Manager in companies similar to Kotak Mahindra Bank in Mumbai?

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

Axis Bank	₹5.7 Lakhs to ₹16.1 Lakhs per year
HDFC Bank	₹6.9 Lakhs to ₹15.0 Lakhs per year
Yes Bank	₹5.2 Lakhs to ₹17.3 Lakhs per year
RBL Bank	₹7.4 Lakhs to ₹8.3 Lakhs per year
IndusInd Bank	₹5.0 Lakhs to ₹10.4 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 HR Manager at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
2 years	₹9.6 Lakhs to ₹12.2 Lakhs per year
3 years	₹9.6 Lakhs to ₹12.3 Lakhs per year
4 years	₹9.7 Lakhs to ₹12.4 Lakhs per year
5 years	₹4.3 Lakhs to ₹19.5 Lakhs per year

and so on.

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Kotak Mahindra Bank HR Manager Salaries in Mumbai

Kotak Mahindra Bank HR Manager salary in Mumbai ranges between ₹4.7 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.