Kotak Mahindra Bank Operations and Service Manager Salaries by 3 Employees

10 - 16 years exp.

₹5 Lakhs - ₹10.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

25% less than the average Operations and Service Manager Salary in Banking Companies for 10 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Operations and Service Manager Salary 10 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr
Customer Success, Service & Operations Operations and Service Manager Salary 16 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.7 L/yr
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Finance & Accounting Operations and Service Manager Salary 11 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 24 Jun 2024

Companies similar to Kotak Mahindra Bank for Operations and Service Manager

Company name	Avg Annual Salary	Open Jobs
IDBI Bank Operations and Service Manager Salary 2 - 12 years exp. (3 salaries)	₹6.5 L/yr - ₹17 L/yr 27% more
Indus Towers Operations and Service Manager Salary 11 - 15 years exp. (7 salaries)	₹8.5 L/yr - ₹16 L/yr 72% more
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Bajaj Finserv Operations and Service Manager Salary 0 - 7 years exp. (6 salaries)	₹2.9 L/yr - ₹9 L/yr 29% less
Bajaj Finance Operations and Service Manager Salary 1 - 8 years exp. (5 salaries)	₹3.1 L/yr - ₹7 L/yr 35% less
Johnson Controls Hitachi Air Conditioning Operations and Service Manager Salary 10 - 16 years exp. (4 salaries)	₹10 L/yr - ₹13 L/yr 38% more

Operations and Service Manager salary at Kotak Mahindra Bank ranges between ₹5 Lakhs to ₹10.6 Lakhs per year for employees with experience between 10 years to 16 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Operations and Service Manager salaries

Last Updated: 24 Jun 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
11 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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15+ years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.2 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Operations Manager Salary

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₹2 L/yr - ₹12 L/yr

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₹3.4 L/yr - ₹4.4 L/yr

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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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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Operations and Service Manager Salary FAQs

How the salary growth look like for a Operations and Service Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
10 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
11 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
15 years	₹9.5 Lakhs to ₹12.2 Lakhs per year

and so on.

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Kotak Mahindra Bank Operations and Service Manager Salaries

Kotak Mahindra Bank Operations and Service Manager salary in India ranges between ₹5 Lakhs to ₹10.6 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.