Kotak Mahindra Bank Kolkata Manager M1 Salaries by 4 Employees (Updated 2025)

2 - 9 years exp.

₹3.8 Lakhs - ₹6.5 Lakhs

Salary of majority employees

49% less than the average Manager M1 Salary in Banking Companies for 2 - 9 years of experience

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Salaries in different departments

Sales & Business Development Manager M1 Salary 2 - 9 years exp. (3 salaries)	₹5.4 L/yr - ₹6.5 L/yr
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Finance & Accounting Manager M1 Salary 4 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.8 L/yr

Last Updated: 3 May 2024

Companies similar to Kotak Mahindra Bank for Manager M1 in Kolkata

Kotak Mahindra Bank Manager M1 Salary

2 - 9 years exp. (4 salaries)

₹3.8 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 4 - 12 years exp. (7 salaries)	₹7.5 L/yr - ₹9 L/yr 47% more
ICICI Bank Manager M1 Salary 1 - 16 years exp. (137 salaries)	₹5 L/yr - ₹16 L/yr 79% more
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Axis Bank Manager M1 Salary 6 - 14 years exp. (9 salaries)	₹4.4 L/yr - ₹9.5 L/yr 36% more
IndusInd Bank Manager M1 Salary 6 - 11 years exp. (5 salaries)	₹5.8 L/yr - ₹6.5 L/yr 7% more
PwC Manager M1 Salary 4 - 13 years exp. (57 salaries)	₹15.1 L/yr - ₹30.5 L/yr 313% more

Manager M1 salary at Kotak Mahindra Bank ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Manager M1 salaries in Kolkata

Last Updated: 3 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.5 L/yr
3 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
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4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
6 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(482 salaries)

₹2.1 L/yr - ₹7 L/yr

Branch Manager Salary

(64 salaries)

₹8.5 L/yr - ₹22 L/yr

Area Manager Salary

(9 salaries)

₹9.1 L/yr - ₹24 L/yr

Team Lead Salary

(8 salaries)

₹2 L/yr - ₹8.03 L/yr

Service Manager Salary

(7 salaries)

₹5.4 L/yr - ₹8.2 L/yr

Team Manager Salary

(3 salaries)

₹3.15 L/yr - ₹7.2 L/yr

Salary related reviews for Kotak Mahindra Bank

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.

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

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

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.

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.

see more salary related reviews

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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 Manager M1 Salary FAQs

What is the salary of Manager M1 at Kotak Mahindra Bank Kolkata?

Manager M1 salary at Kotak Mahindra Bank in Kolkata ranges between ₹3.8 Lakhs to ₹6.5 Lakhs for experience between 2 years to 9 years. According to our estimates it is 49% less than the average Manager M1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Kolkata.

How does the salary of a Manager M1 at Kotak Mahindra Bank Kolkata compare with the average salary range for this job?

The average salary of a Manager M1 at Kotak Mahindra Bank is 49% less than the average salary of a Manager M1 in Kolkata. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Manager M1 in Kolkata?

PwC Manager M1 Salary - ₹15.1 Lakhs to ₹30.5 Lakhs per year
ICICI Bank Manager M1 Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹7.5 Lakhs to ₹9.0 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.4 Lakhs to ₹9.5 Lakhs per year
IndusInd Bank Manager M1 Salary - ₹5.8 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Manager M1 at Kotak Mahindra Bank in Kolkata?

The estimated take-home salary of a Manager M1 at Kotak Mahindra Bank ranges between ₹43,599 per month to ₹44,710 per month in Kolkata. The take-home salary calculation is based on the average Kotak Mahindra Bank Manager M1 salary in India which ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Kotak Mahindra Bank in Kolkata?

According to AmbitionBox, 50% of the Kotak Mahindra Bank Manager M1s in Kolkata reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Manager M1 Salaries in Kolkata

Kotak Mahindra Bank Manager M1 salary in Kolkata ranges between ₹3.8 Lakhs to ₹6.5 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.