Kotak Mahindra Bank Pune Manager M1 Salaries by 2 Employees (Updated 2025)

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₹5.7 Lakhs - ₹7.2 Lakhs

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 5 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹9 L/yr
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Marketing & Communication Manager M1 Salary 5 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.7 L/yr

Last Updated: 11 Oct 2024

Companies similar to Kotak Mahindra Bank for Manager M1 in Pune

Kotak Mahindra Bank Manager M1 Salary

5 years exp. (AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 6 - 10 years exp. (5 salaries)	₹8.5 L/yr - ₹12.9 L/yr 41% more
ICICI Bank Manager M1 Salary 1 - 16 years exp. (83 salaries)	₹6 L/yr - ₹14 L/yr 67% more
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IndusInd Bank Manager M1 Salary 5 - 7 years exp. (3 salaries)	₹5.5 L/yr - ₹6.5 L/yr 10% less
IDFC FIRST Bank Manager M1 Salary 8 - 12 years exp. (3 salaries)	₹7.5 L/yr - ₹9 L/yr 21% more
Vodafone Idea Manager M1 Salary 1 - 13 years exp. (118 salaries)	₹4.5 L/yr - ₹10.9 L/yr 23% more

Manager M1 salary at Kotak Mahindra Bank ranges between ₹5.7 Lakhs to ₹7.2 Lakhs per year for employees with 5 years of experience. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindra Bank.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(831 salaries)

₹1.75 L/yr - ₹7.5 L/yr

Branch Manager Salary

(53 salaries)

₹7 L/yr - ₹21 L/yr

Team Lead Salary

(15 salaries)

₹2 L/yr - ₹5 L/yr

Area Manager Salary

(13 salaries)

₹7 L/yr - ₹21.23 L/yr

Service Manager Salary

(10 salaries)

₹3 L/yr - ₹11.2 L/yr

Team Manager Salary

(6 salaries)

₹3 L/yr - ₹8.09 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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Manager M1 Salary FAQs

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Manager M1s in Pune reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Manager M1 Salaries in Pune

Kotak Mahindra Bank Manager M1 salary in Pune ranges between ₹5.7 Lakhs to ₹7.2 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Bank.