Kotak Mahindra Bank New Delhi Manager M1 Salaries by 3 Employees (Updated 2025)

2 - 5 years exp.

₹3.3 Lakhs - ₹8.6 Lakhs

Low Confidence

Salary of majority employees

37% less than the average Manager M1 Salary in Banking Companies for 2 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Manager M1 Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹8.6 L/yr
Login to view exact salary
Product Management Manager M1 Salary 4 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹8.1 L/yr

Last Updated: 17 Jan 2025

Companies similar to Kotak Mahindra Bank for Manager M1 in New Delhi

Kotak Mahindra Bank Manager M1 Salary

2 - 5 years exp. (3 salaries)

₹3.3 L/yr - ₹8.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 4 - 10 years exp. (21 salaries)	₹6 L/yr - ₹10.4 L/yr 25% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (188 salaries)	₹5 L/yr - ₹16 L/yr 51% more
Login to view exact salary
Axis Bank Manager M1 Salary 6 - 11 years exp. (12 salaries)	₹6.8 L/yr - ₹10.4 L/yr 16% more
Yes Bank Manager M1 Salary 5 - 9 years exp. (4 salaries)	₹5.7 L/yr - ₹7.5 L/yr 7% more
IndusInd Bank Manager M1 Salary 6 - 10 years exp. (6 salaries)	₹5.2 L/yr - ₹8.5 L/yr 8% less
IDFC FIRST Bank Manager M1 Salary 3 - 10 years exp. (7 salaries)	₹6 L/yr - ₹8 L/yr 4% more
RBL Bank Manager M1 Salary 4 - 17 years exp. (4 salaries)	₹7 L/yr - ₹11.9 L/yr 16% more

Manager M1 salary at Kotak Mahindra Bank ranges between ₹3.3 Lakhs to ₹8.6 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Manager M1 salaries in New Delhi

Last Updated: 17 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹11 L/yr
3 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8.1 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.6 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.6k salaries)

₹2 L/yr - ₹8 L/yr

Branch Manager Salary

(125 salaries)

₹8 L/yr - ₹25 L/yr

Team Lead Salary

(61 salaries)

₹2 L/yr - ₹7.2 L/yr

Service Manager Salary

(31 salaries)

₹4.22 L/yr - ₹15 L/yr

Area Manager Salary

(15 salaries)

₹10 L/yr - ₹26 L/yr

Team Manager Salary

(12 salaries)

₹2.35 L/yr - ₹7.79 L/yr

Program Manager Salary

(3 salaries)

₹8.2 L/yr - ₹12 L/yr

Cluster Manager Salary

(3 salaries)

₹3.9 L/yr - ₹9.4 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.

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (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?

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Manager M1 Salary FAQs

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

According to AmbitionBox, 60% of the Kotak Mahindra Bank Manager M1s in New Delhi reported a notice period of 3 Months, 40% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Manager M1 Salaries >
Kotak Mahindra Bank Manager M1 Salaries in New Delhi

Kotak Mahindra Bank Manager M1 salary in New Delhi ranges between ₹3.3 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.