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Kotak Mahindra Bank Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 16 years exp.
₹4 Lakhs - ₹13 Lakhs
Salary of majority employees
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49% less than the average Manager Salary in Banking Companies for 0 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
0 - 16 years exp. (589 salaries)
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₹4 L/yr - ₹15 L/yr

Finance & Accounting
Manager Salary
0 - 16 years exp. (292 salaries)
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₹4 L/yr - ₹14 L/yr

Customer Success, Service & Operations
Manager Salary
0 - 16 years exp. (287 salaries)
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₹3.7 L/yr - ₹13 L/yr

Data Science & Analytics
Manager Salary
0 - 16 years exp. (119 salaries)
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₹3.8 L/yr - ₹15.4 L/yr

Sales & Business Development
Manager Salary
0 - 14 years exp. (105 salaries)
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₹4.5 L/yr - ₹12 L/yr

View all

Last Updated: 24 Mar 2025

Companies similar to Kotak Mahindra Bank for Manager in Mumbai

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Kotak Mahindra Bank Manager Salary

0 - 16 years exp. (1.9k salaries)

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₹4 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Manager Salary

0 - 18 years exp. (3.3k salaries)

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₹4 L/yr - ₹17.5 L/yr

arrow icon 17% more
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Axis Bank Manager Salary

0 - 18 years exp. (1.7k salaries)

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₹5.5 L/yr - ₹17.2 L/yr

arrow icon 21% more
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ICICI Bank Manager Salary

0 - 18 years exp. (1.6k salaries)

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₹6 L/yr - ₹22.4 L/yr

arrow icon 50% more
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Yes Bank Manager Salary

0 - 17 years exp. (894 salaries)

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₹4.3 L/yr - ₹15.8 L/yr

arrow icon 7% more
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IndusInd Bank Manager Salary

0 - 17 years exp. (624 salaries)

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₹3.4 L/yr - ₹12 L/yr

arrow icon 8% less
1 job opening
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IDFC FIRST Bank Manager Salary

1 - 14 years exp. (488 salaries)

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₹3.7 L/yr - ₹13 L/yr

arrow icon 3% more
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RBL Bank Manager Salary

2 - 16 years exp. (291 salaries)

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₹4.3 L/yr - ₹15.7 L/yr

arrow icon 5% more
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IDBI Bank Manager Salary

6 - 17 years exp. (183 salaries)

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₹9.2 L/yr - ₹29 L/yr

arrow icon 131% more
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The Saraswat Co-operative Bank Manager Salary

5 - 17 years exp. (94 salaries)

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₹6 L/yr - ₹18.7 L/yr

arrow icon 32% more
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Bank of Baroda Manager Salary

5 - 14 years exp. (56 salaries)

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₹9 L/yr - ₹25 L/yr

arrow icon 122% more
View all
Manager salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 1.9k latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Manager in Mumbai

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Experience wise Kotak Mahindra Bank Manager salaries in Mumbai

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
Fresher  (36 salaries)

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₹5.5 L/yr - ₹11 L/yr
1 year  (58 salaries)

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₹4.1 L/yr - ₹12 L/yr
2 years  (101 salaries)

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₹4.1 L/yr - ₹13.5 L/yr
3 years  (101 salaries)

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₹3.8 L/yr - ₹13.3 L/yr
4 years  (153 salaries)

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₹3.5 L/yr - ₹14 L/yr
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Kotak Mahindra Bank Manager Salary and Career Growth

From

To

Manager

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0 - 16 years exp.

Senior Vice President

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15 - 24 years exp.

Manager

0 - 16 years exp.
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Senior Manager

2 - 19 years exp.
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arrow icon 56% hike

Associate Vice President

3 - 21 years exp.
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arrow icon 63% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary
(3.4k salaries)
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₹1.65 L/yr - ₹8.2 L/yr
Credit Manager Salary
(235 salaries)
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₹3.75 L/yr - ₹13 L/yr
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₹7 L/yr - ₹24 L/yr
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₹1.5 L/yr - ₹3.9 L/yr
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₹31 L/yr - ₹55 L/yr
Audit Manager Salary
(6 salaries)
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₹3.75 L/yr - ₹10 L/yr
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₹6 L/yr - ₹10 L/yr
Senior Analyst Salary
(5 salaries)
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₹11.5 L/yr - ₹17.9 L/yr
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₹1.1 L/yr - ₹2.5 L/yr

Top skills at Kotak Mahindra Bank for Manager

Relationship Management Talent Acquisition Sales Marketing Customer Service

Salary related reviews for Kotak Mahindra Bank

3.1

Rated by 159 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 30 Jun 2019

3.0
 for  Salary and Benefits

Likes

Working with Kotak Mahindra bank is my confidence. It's very simple to keep your views in front of seniors. It's easy to grow in the organisation if you have good knowledge and work capability.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Salary and increment culture. HR policies towards leave and medical claims

read more

Finance & Accounting Department

5.0
  •  posted on 10 Jun 2020

5.0
 for  Salary and Benefits

Likes

We are told to work from home..There is no pay cut for us.Only if CTC is above 25LPA there is a pay cut.We sre given instructions bon daily basis.There is also online seminars,yoga, counseling for employees.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Not much

Finance & Accounting Department

5.0
  •  posted on 10 Oct 2020

3.0
 for  Salary and Benefits

Likes

There is job security, work culture is good, easy to interact with top management, always there to guide you. Company policies are beneficial to employees and customers.

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Compensation and benefits to employees should improve

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 07 Aug 2024

5.0
 for  Salary and Benefits

Likes

Salary and benefits

  • Salary - Excellent

Dislikes

Job security are not there they're just hired and not given time to understand the process and not given time to get relationship with customer and fired they're expecting immediate results.from existing organisation.manager are not helpful.not action oriented toward stuff's problem.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 06 May 2023

2.0
 for  Salary and Benefits

Likes

Better place to work for fresher to start their career For women for work life balance

  • Skill development - Good
  • +4 more

Dislikes

... completing 3 years or while retaining an employee not on basis of performance A good package will be offered to new joinees but old joinees salary won't be corrected.

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  • Salary - Poor
  • +1 more
see more salary related reviews

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Kotak Mahindra Bank Manager Salary FAQs

What is the salary of Manager at Kotak Mahindra Bank in Mumbai?
The average salary of a Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹4.0 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 16 years).

The top 10% of Manager in Mumbai at Kotak Mahindra Bank earn more than ₹10.1 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Manager 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 1800+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Manager at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹61,828 to ₹63,396 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher to 16 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 1800+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Manager at Kotak Mahindra Bank in Mumbai?
To be a Manager at Kotak Mahindra Bank in Mumbai, the key skills required include:

  • - Relationship Management
  • - Talent Acquisition
  • - Sales
  • - Marketing
  • - Customer Service

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindra Bank for Manager in India?
IDBI Bank ₹9.2 Lakhs to ₹29.0 Lakhs per year
Bank of Baroda ₹9.0 Lakhs to ₹25.0 Lakhs per year
Paytm Payments Bank ₹10.0 Lakhs to ₹26.0 Lakhs per year
South Indian Bank ₹9.0 Lakhs to ₹25.0 Lakhs per year
Federal Bank ₹9.0 Lakhs to ₹23.0 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 in companies similar to Kotak Mahindra Bank in Mumbai?
The salary of a Manager at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Canara Bank ₹8.5 Lakhs to ₹25.0 Lakhs per year
Central Bank of India ₹9.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India ₹7.0 Lakhs to ₹24.0 Lakhs per year
Karur Vysya Bank ₹7.0 Lakhs to ₹20.4 Lakhs per year
HSBC Global Banking and Markets ₹11.0 Lakhs to ₹17.2 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 at Kotak Mahindra Bank in Mumbai?
The salary growth for a Manager at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹5.5 Lakhs to ₹11.0 Lakhs per year
1 year ₹4.1 Lakhs to ₹12.0 Lakhs per year
2 years ₹4.1 Lakhs to ₹13.5 Lakhs per year
3 years ₹3.8 Lakhs to ₹13.3 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Manager salary in Mumbai ranges between ₹4 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 1.9k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.