Kotak Mahindra Bank IT Manager Salaries by 10+ Employees (Updated 2025)

5 - 11 years exp.

₹6.4 Lakhs - ₹18.5 Lakhs

Salary of majority employees

17% less than the average IT Manager Salary in Banking Companies for 5 - 11 years of experience

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Salaries in different departments

Engineering - Software & QA IT Manager Salary 5 - 9 years exp. (7 salaries)	₹11 L/yr - ₹13.4 L/yr
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IT & Information Security IT Manager Salary 6 - 10 years exp. (5 salaries)	₹9 L/yr - ₹14.5 L/yr

Last Updated: 23 Dec 2024

Companies similar to Kotak Mahindra Bank for IT Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank IT Manager Salary 1 - 11 years exp. (110 salaries)	₹5.5 L/yr - ₹20 L/yr At par
ICICI Bank IT Manager Salary 6 - 14 years exp. (25 salaries)	₹8.3 L/yr - ₹21.9 L/yr 10% more
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Axis Bank IT Manager Salary 3 - 11 years exp. (56 salaries)	₹9.7 L/yr - ₹17.3 L/yr 22% more
State Bank of India IT Manager Salary 8 - 16 years exp. (8 salaries)	₹15 L/yr - ₹22 L/yr 71% more
Yes Bank IT Manager Salary 1 - 7 years exp. (5 salaries)	₹8.8 L/yr - ₹17.1 L/yr 47% more
RBL Bank IT Manager Salary 2 - 9 years exp. (54 salaries)	₹5 L/yr - ₹15.5 L/yr 6% less	1 job opening
IndusInd Bank IT Manager Salary 5 - 12 years exp. (31 salaries)	₹5.2 L/yr - ₹22.5 L/yr 11% more	3 job openings
Canara Bank IT Manager Salary 5 - 12 years exp. (27 salaries)	₹9 L/yr - ₹22 L/yr 37% more
Bank of Baroda IT Manager Salary 5 - 15 years exp. (27 salaries)	₹10 L/yr - ₹21 L/yr 39% more
IDFC FIRST Bank IT Manager Salary 4 - 14 years exp. (21 salaries)	₹6.1 L/yr - ₹19.5 L/yr 10% more
Bandhan Bank IT Manager Salary 6 - 10 years exp. (17 salaries)	₹3 L/yr - ₹11 L/yr 43% less
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Utkarsh Small Finance Bank IT Manager Salary 7 - 14 years exp. (15 salaries)	₹6.2 L/yr - ₹13.3 L/yr 20% less
Central Bank of India IT Manager Salary 1 - 14 years exp. (12 salaries)	₹8 L/yr - ₹17.3 L/yr 7% more
IDBI Bank IT Manager Salary 3 - 10 years exp. (9 salaries)	₹12 L/yr - ₹22 L/yr 49% more
Union Bank of India IT Manager Salary 5 - 10 years exp. (8 salaries)	₹8.4 L/yr - ₹14 L/yr 13% less
Ujjivan Small Finance Bank IT Manager Salary 3 - 14 years exp. (5 salaries)	₹8.4 L/yr - ₹18.4 L/yr 26% more
Karur Vysya Bank IT Manager Salary 10 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 2% more
South Indian Bank IT Manager Salary 12 - 25 years exp. (5 salaries)	₹14 L/yr - ₹25 L/yr 41% more
Paytm Payments Bank IT Manager Salary 7 - 14 years exp. (5 salaries)	₹4 L/yr - ₹10 L/yr 40% less
UCO Bank IT Manager Salary 6 - 9 years exp. (5 salaries)	₹8.5 L/yr - ₹14 L/yr 8% less

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IT Manager salary at Kotak Mahindra Bank ranges between ₹6.4 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank IT Manager salaries

Last Updated: 23 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11 L/yr
6 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹18.8 L/yr
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7 years (5 salaries)	₹8.9 L/yr - ₹13.2 L/yr
8 years (3 salaries)	₹6.4 L/yr - ₹13.2 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹13.4 L/yr
10 years (3 salaries)	₹13.1 L/yr - ₹18 L/yr
11 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹18.5 L/yr

View all

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Top skills at Kotak Mahindra Bank for IT Manager

Simulation Compensation Management Data Analytics Compensation HR Analytics

Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 4 employees for salary & benefits

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

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

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 IT Manager Salary FAQs

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

IT Manager salary at Kotak Mahindra Bank in India ranges between ₹6.4 Lakhs to ₹18.5 Lakhs for experience between 5 years to 11 years. According to our estimates it is 17% less than the average IT Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a IT Manager at Kotak Mahindra Bank is 17% less than the average salary of a IT Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a IT Manager at Kotak Mahindra Bank?

Simulation, Compensation Management, Data Analytics, Compensation and HR Analytics are some of the popular skills required to work as a IT Manager at Kotak Mahindra Bank India.

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

State Bank of India IT Manager Salary - ₹15.0 Lakhs to ₹22.0 Lakhs per year
IDBI Bank IT Manager Salary - ₹12.0 Lakhs to ₹22.0 Lakhs per year
Yes Bank IT Manager Salary - ₹8.8 Lakhs to ₹17.1 Lakhs per year
South Indian Bank IT Manager Salary - ₹14.0 Lakhs to ₹25.0 Lakhs per year
Bank of Baroda IT Manager Salary - ₹10.0 Lakhs to ₹21.0 Lakhs per year

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

Canara Bank IT Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
City Union Bank IT Manager Salary - ₹13.5 Lakhs to ₹17.2 Lakhs per year
Ujjivan Small Finance Bank IT Manager Salary - ₹8.4 Lakhs to ₹18.4 Lakhs per year
Axis Bank IT Manager Salary - ₹9.7 Lakhs to ₹17.3 Lakhs per year
IndusInd Bank IT Manager Salary - ₹5.2 Lakhs to ₹22.5 Lakhs per year

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

The estimated take-home salary of a IT Manager at Kotak Mahindra Bank ranges between ₹82,101 per month to ₹84,243 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank IT Manager salary in India which ranges between ₹6.4 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 47% of the Kotak Mahindra Bank IT Managers 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 15 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank IT Manager Salaries

Kotak Mahindra Bank IT Manager salary in India ranges between ₹6.4 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.