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

3 - 7 years exp.

₹5.6 Lakhs - ₹7.8 Lakhs

Low Confidence

Salary of majority employees

26% less than the average Manager-Banking Salary in Banking Companies for 3 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager-Banking Salary 4 - 7 years exp. (3 salaries)	₹6.1 L/yr - ₹7.8 L/yr
Finance & Accounting Manager-Banking Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr
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Customer Success, Service & Operations Manager-Banking Salary 3 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr

Last Updated: 10 Mar 2025

Companies similar to Kotak Mahindra Bank for Manager-Banking

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager-Banking Salary 4 - 13 years exp. (9 salaries)	₹6 L/yr - ₹9.8 L/yr 13% more
IDBI Bank Manager-Banking Salary 7 - 14 years exp. (8 salaries)	₹12 L/yr - ₹19 L/yr 131% more
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ICICI Bank Manager-Banking Salary 3 - 14 years exp. (8 salaries)	₹8 L/yr - ₹11.8 L/yr 30% more
Yes Bank Manager-Banking Salary 3 - 8 years exp. (6 salaries)	₹6 L/yr - ₹14.4 L/yr 36% more
Federal Bank Manager-Banking Salary 6 - 9 years exp. (6 salaries)	₹9 L/yr - ₹15 L/yr 92% more
Axis Bank Manager-Banking Salary 6 - 12 years exp. (6 salaries)	₹5.1 L/yr - ₹7.6 L/yr 7% less
IndusInd Bank Manager-Banking Salary 12 - 19 years exp. (4 salaries)	₹6 L/yr - ₹10.6 L/yr 16% more
RBL Bank Manager-Banking Salary 6 - 11 years exp. (4 salaries)	₹7.4 L/yr - ₹11.5 L/yr 27% more
South Indian Bank Manager-Banking Salary 7 - 10 years exp. (3 salaries)	₹13 L/yr - ₹18.1 L/yr 138% more
IDFC FIRST Bank Manager-Banking Salary 8 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹9.8 L/yr 33% more
Bank of Baroda Manager-Banking Salary 7 - 13 years exp. (3 salaries)	₹8.5 L/yr - ₹22 L/yr 132% more
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Manager-Banking salary at Kotak Mahindra Bank ranges between ₹5.6 Lakhs to ₹7.8 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Manager-Banking salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.5 L/yr
4 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.5 L/yr
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5 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹12.2 L/yr

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Salary related reviews for Kotak Mahindra Bank

3.7

Rated by 2 employees for salary & benefits

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

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

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

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Salary - Bad

+6 more

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Skill development - Excellent

+4 more

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

Salary - Bad

+1 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Manager-Banking Salary FAQs

What is the salary of Manager-Banking at Kotak Mahindra Bank ?

The average salary of a Manager-Banking at Kotak Mahindra Bank in India typically ranges from ₹5.6 Lakhs to ₹7.8 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Manager-Banking at Kotak Mahindra Bank earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹7.8 Lakhs per year. Manager-Banking 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 Manager-Banking at Kotak Mahindra Bank in India?

The estimated take-home salary of a Manager-Banking at Kotak Mahindra Bank in India typically ranges from ₹52,107 to ₹53,335 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹7.8 Lakhs per year for employees with experience ranging from 3 years to 7 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.

Which companies offer higher salaries than Kotak Mahindra Bank for Manager-Banking in India?

South Indian Bank	₹13.0 Lakhs to ₹18.1 Lakhs per year
Bank of Baroda	₹8.5 Lakhs to ₹22.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹19.0 Lakhs per year
Federal Bank	₹9.0 Lakhs to ₹15.0 Lakhs per year
Yes Bank	₹6.0 Lakhs to ₹14.4 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 Manager-Banking in companies similar to Kotak Mahindra Bank in India?

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

IDFC FIRST Bank	₹8.2 Lakhs to ₹9.8 Lakhs per year
ICICI Bank	₹8.0 Lakhs to ₹11.8 Lakhs per year
RBL Bank	₹7.4 Lakhs to ₹11.5 Lakhs per year
IndusInd Bank	₹6.0 Lakhs to ₹10.6 Lakhs per year
HDFC Bank	₹6.0 Lakhs to ₹9.8 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 Manager-Banking at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
3 years	₹5.6 Lakhs to ₹7.5 Lakhs per year
4 years	₹6.5 Lakhs to ₹7.5 Lakhs per year
5 years	₹6.1 Lakhs to ₹7.8 Lakhs per year
6 years	₹2.7 Lakhs to ₹7.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Manager-Banking Salaries

Kotak Mahindra Bank Manager-Banking salary in India ranges between ₹5.6 Lakhs to ₹7.8 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.