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

7 - 15 years exp.

₹5.5 Lakhs - ₹15.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

41% more than the average Location Manager Salary in Banking Companies for 7 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Location Manager Salary 7 - 15 years exp. (3 salaries)	₹11.6 L/yr - ₹15.1 L/yr
Customer Success, Service & Operations Location Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹11.4 L/yr - ₹14 L/yr
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Sales & Business Development Location Manager Salary 9 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.8 L/yr

Last Updated: 19 Feb 2025

Companies similar to Kotak Mahindra Bank for Location Manager in Mumbai

Kotak Mahindra Bank Location Manager Salary

7 - 15 years exp. (6 salaries)

₹5.5 L/yr - ₹15.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Location Manager Salary 1 - 11 years exp. (11 salaries)	₹4.6 L/yr - ₹9.3 L/yr 45% less	1 job opening
Sammaan Capital Limited Location Manager Salary 8 - 18 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 13% less
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Equitas Small Finance Bank Location Manager Salary 15 - 16 years exp. (3 salaries)	₹7.5 L/yr - ₹8.8 L/yr 26% less	1 job opening
Kotak Mahindra Prime Location Manager Salary 10 - 13 years exp. (3 salaries)	₹8.6 L/yr - ₹11.8 L/yr 16% less

Location Manager salary at Kotak Mahindra Bank ranges between ₹5.5 Lakhs to ₹15.1 Lakhs per year for employees with experience between 7 years to 15 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Location Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
8 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.2 L/yr
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9 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
10 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
11 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr
12 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
13 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.6 L/yr
14 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
15+ years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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(3.4k salaries)

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Relationship Manager Salary

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₹1.8 L/yr - ₹10 L/yr

Credit Manager Salary

(231 salaries)

₹3.75 L/yr - ₹13 L/yr

Branch Manager Salary

(142 salaries)

₹10 L/yr - ₹30 L/yr

Sales Manager Salary

(133 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Branch Sales Manager Salary

(68 salaries)

₹3.62 L/yr - ₹10.25 L/yr

Area Sales Manager Salary

(35 salaries)

₹6.5 L/yr - ₹16.8 L/yr

Collections Manager Salary

(33 salaries)

₹3.1 L/yr - ₹9 L/yr

Area Collection Manager Salary

(7 salaries)

₹7.3 L/yr - ₹12.3 L/yr

Finance Manager Salary

(4 salaries)

₹5.79 L/yr - ₹6.5 L/yr

Top skills at Kotak Mahindra Bank for Location Manager

Client Relationship Management Risk Analysis Relationship Management Revenue Generation Team Handling Channel Sales Cross Selling Business Development Remittances Mortgage Telecom Sales Trade Sales Sales Management Current Account Portfolio Management

Salary related reviews for Kotak Mahindra Bank

2.1

Rated by 3 employees for salary & benefits

Location Manager in Bangalore / Bengaluru

BFSI, Investments & Trading Department

1.0

• posted on 11 Jan 2021

1.0

for Salary and Benefits

Likes

Support from seniors

Dislikes

Salary doesn't match with market No bonus and increment was given due to COVID If you are joing after October of a particular FY, then you are not eligible for any appraisal next year..even though you have joined on NOV 1st of that year There are multiple other work, which a partson is supposed to do apart from the work profile like hiring and identifying candidates for new recruitment, vendor bill processing etcm.which is done by a seperate department in other financers Overall work pressure is enormous and the company in return pay you peanuts No additional benefits are provided to the employees even of you are working in a finance co or bank You have to compulsorily pay medical.. from your net pay..which you might not require Apart from this..people will call you to work on holidays as well even if it is a national or state holiday..no proper work culture is there. Hr does not decide the leave..but employees and colleagues decides the leaves..no work life balance Not recommendable to work here.

Salary - Bad

+5 more

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

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Location Manager Salary FAQs

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

The average salary of a Location Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹5.5 Lakhs to ₹15.1 Lakhs per year, depending on experience (from 7 years to 15 years).

The top 10% of Location Manager in Mumbai at Kotak Mahindra Bank earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.1 Lakhs per year. Location 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 6 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Location Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹83,143 to ₹85,314 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹15.1 Lakhs per year for employees with experience ranging from 7 years to 15 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 6 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 Location Manager at Kotak Mahindra Bank in Mumbai?

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

- Client Relationship Management
- Risk Analysis
- Relationship Management
- Revenue Generation
- Team Handling

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

What is the salary of a Location Manager in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Location 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:

Sammaan Capital Limited	₹8.5 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindra Prime	₹8.6 Lakhs to ₹11.8 Lakhs per year
Equitas Small Finance Bank	₹7.5 Lakhs to ₹8.8 Lakhs per year
HDFC Bank	₹4.6 Lakhs to ₹9.3 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 Location Manager at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
7 years	₹10.3 Lakhs to ₹13.2 Lakhs per year
8 years	₹10.4 Lakhs to ₹13.2 Lakhs per year
9 years	₹10.4 Lakhs to ₹13.3 Lakhs per year
10 years	₹10.5 Lakhs to ₹13.4 Lakhs per year

and so on.

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Kotak Mahindra Bank Location Manager Salaries in Mumbai

Kotak Mahindra Bank Location Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹15.1 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.