Kotak Mahindra Bank Manager 1 Salaries by 4 Employees (Updated 2025)

2 - 10 years exp.

₹2.5 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

65% less than the average Manager 1 Salary in Banking Companies for 2 - 10 years of experience

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Salaries in different departments

Finance & Accounting Manager 1 Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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BFSI, Investments & Trading Manager 1 Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 25 May 2024

Companies similar to Kotak Mahindra Bank for Manager 1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager 1 Salary 1 - 14 years exp. (281 salaries)	₹5.5 L/yr - ₹16 L/yr 113% more
Yes Bank Manager 1 Salary 10 - 12 years exp. (3 salaries)	₹6.1 L/yr - ₹7.1 L/yr 45% more
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IDFC FIRST Bank Manager 1 Salary 3 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹7 L/yr 15% more
Karur Vysya Bank Manager 1 Salary 5 - 11 years exp. (4 salaries)	₹8.3 L/yr - ₹10 L/yr 104% more
Shinhan Bank Manager 1 Salary 14 - 17 years exp. (3 salaries)	₹8 L/yr - ₹15.6 L/yr 161% more

Manager 1 salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹7 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Manager 1 salaries

Last Updated: 25 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.4 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.8 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9 L/yr

View all

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Project Manager Salary

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₹6.23 L/yr - ₹24.06 L/yr

Cluster Manager Salary

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Service Manager Salary

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₹3.44 L/yr - ₹14.36 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 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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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Mahindra Bank Manager 1 Salary FAQs

What is the salary of Manager 1 at Kotak Mahindra Bank?

Manager 1 salary at Kotak Mahindra Bank in India ranges between ₹2.5 Lakhs to ₹7.0 Lakhs for experience between 2 years to 10 years. According to our estimates it is 65% less than the average Manager 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Manager 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Manager 1 at Kotak Mahindra Bank is 65% less than the average salary of a Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Manager 1 in India?

Shinhan Bank Manager 1 Salary - ₹8.0 Lakhs to ₹15.6 Lakhs per year
ICICI Bank Manager 1 Salary - ₹5.5 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank Manager 1 Salary - ₹8.3 Lakhs to ₹10.0 Lakhs per year
Yes Bank Manager 1 Salary - ₹6.1 Lakhs to ₹7.1 Lakhs per year
IDFC FIRST Bank Manager 1 Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Manager 1 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Manager 1 at Kotak Mahindra Bank ranges between ₹33,978 per month to ₹35,233 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Manager 1 salary in India which ranges between ₹2.5 Lakhs to ₹7.0 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Manager 1 at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Manager 1s reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Manager 1 Salaries

Kotak Mahindra Bank Manager 1 salary in India ranges between ₹2.5 Lakhs to ₹7 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.