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Kotak Mahindra Bank Operations Manager salaries in India (Updated 2025)

Annual salary range
3 - 13 years exp.
₹2 Lakhs - ₹12 Lakhs
Salary of majority employees
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39% less than the average Operations Manager Salary in Banking Companies for 3 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Operations Manager Salary
3 - 13 years exp. (115 salaries)
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₹2.8 L/yr - ₹12 L/yr

Customer Success, Service & Operations
Operations Manager Salary
3 - 13 years exp. (49 salaries)
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₹2 L/yr - ₹9.8 L/yr

Finance & Accounting
Operations Manager Salary
3 - 11 years exp. (22 salaries)
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₹2.6 L/yr - ₹9 L/yr

Risk Management & Compliance
Operations Manager Salary
5 - 13 years exp. (9 salaries)
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₹5.9 L/yr - ₹10 L/yr

Marketing & Communication
Operations Manager Salary
3 - 11 years exp. (7 salaries)
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₹3.2 L/yr - ₹7.5 L/yr

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Last Updated: 24 Mar 2025

Companies similar to Kotak Mahindra Bank for Operations Manager

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

0 - 18 years exp. (702 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 16% more
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ICICI Bank Operations Manager Salary

0 - 13 years exp. (510 salaries)

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₹2.6 L/yr - ₹11.5 L/yr

arrow icon 3% more
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Axis Bank Operations Manager Salary

3 - 14 years exp. (465 salaries)

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₹2.8 L/yr - ₹12.5 L/yr

arrow icon 15% more
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IDFC FIRST Bank Operations Manager Salary

1 - 11 years exp. (191 salaries)

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₹2.8 L/yr - ₹12 L/yr

arrow icon 11% more
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IndusInd Bank Operations Manager Salary

1 - 14 years exp. (164 salaries)

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₹1.8 L/yr - ₹10 L/yr

arrow icon 12% less
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Yes Bank Operations Manager Salary

2 - 16 years exp. (154 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 16% more
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RBL Bank Operations Manager Salary

4 - 13 years exp. (86 salaries)

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₹3.8 L/yr - ₹12 L/yr

arrow icon 4% more
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₹1.8 L/yr - ₹8 L/yr

arrow icon 41% less
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Bandhan Bank Operations Manager Salary

3 - 12 years exp. (52 salaries)

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₹2.5 L/yr - ₹10.1 L/yr

arrow icon 10% less
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₹2.8 L/yr - ₹10 L/yr

arrow icon 25% less
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₹8.5 L/yr - ₹19.2 L/yr

arrow icon 129% more
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IDBI Bank Operations Manager Salary

6 - 15 years exp. (41 salaries)

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₹6 L/yr - ₹23 L/yr

arrow icon 122% more
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₹2.5 L/yr - ₹8.2 L/yr

arrow icon 17% less
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Bank of Baroda Operations Manager Salary

8 - 13 years exp. (18 salaries)

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₹10 L/yr - ₹18 L/yr

arrow icon 96% more
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Federal Bank Operations Manager Salary

3 - 12 years exp. (10 salaries)

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₹5 L/yr - ₹16 L/yr

arrow icon 85% more
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Paytm Payments Bank Operations Manager Salary

3 - 11 years exp. (10 salaries)

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₹3.9 L/yr - ₹13 L/yr

arrow icon 20% more
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Karur Vysya Bank Operations Manager Salary

1 - 11 years exp. (11 salaries)

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₹2.7 L/yr - ₹9.1 L/yr

arrow icon 25% less
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City Union Bank Operations Manager Salary

2 - 6 years exp. (7 salaries)

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₹4.8 L/yr - ₹9.5 L/yr

arrow icon 14% less
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₹7 L/yr - ₹12 L/yr

arrow icon 43% more
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Canara Bank Operations Manager Salary

8 - 12 years exp. (5 salaries)

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₹12 L/yr - ₹13.5 L/yr

arrow icon 91% more
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Operations Manager salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 256 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Operations Manager

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Experience wise Kotak Mahindra Bank Operations Manager salaries

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
3 years  (14 salaries)

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₹2 L/yr - ₹7.5 L/yr
4 years  (19 salaries)

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₹3 L/yr - ₹8 L/yr
5 years  (25 salaries)

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₹2.6 L/yr - ₹9 L/yr
6 years  (35 salaries)

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₹3 L/yr - ₹10 L/yr
7 years  (26 salaries)

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₹3.5 L/yr - ₹9 L/yr
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Similar Designation salaries in Kotak Mahindra Bank

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₹1.5 L/yr - ₹10 L/yr
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₹5.2 L/yr - ₹15.25 L/yr
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₹2.8 L/yr - ₹4.92 L/yr
Service Manager Salary
(200 salaries)
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₹3.5 L/yr - ₹14 L/yr
Team Manager Salary
(131 salaries)
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₹1.3 L/yr - ₹8.91 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
Branch Manager Salary
(1.1k salaries)
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₹7 L/yr - ₹26 L/yr
Area Manager Salary
(94 salaries)
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₹7 L/yr - ₹29.92 L/yr
Deputy Manager Salary
(11.3k salaries)
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₹1.65 L/yr - ₹8.2 L/yr
Program Manager Salary
(10 salaries)
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₹7 L/yr - ₹20 L/yr

Top skills at Kotak Mahindra Bank for Operations Manager

Operations Management Operations Auto Loans Recovery Operations Trade Finance Ca Office Coordination Commercial Operations Finance Payroll Team Handling Billing Back Office Branch Management Calling

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 70 employees for salary & benefits

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

read more
  • Salary - Bad
  • +5 more

BFSI, Investments & Trading Department

5.0
  •  posted on 06 May 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

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.

read more
  • Salary - Poor
  • +4 more

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.

read more
  • Salary - Bad

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more
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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Operations Manager Salary FAQs

What is the salary of Operations Manager at Kotak Mahindra Bank ?
The average salary of a Operations Manager at Kotak Mahindra Bank in India typically ranges from ₹2.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Operations Manager at Kotak Mahindra Bank earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹11.2 Lakhs per year. Operations 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 200+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Operations Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Operations Manager at Kotak Mahindra Bank in India typically ranges from ₹51,110 to ₹52,316 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 3 years to 13 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 200+ 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 Operations Manager at Kotak Mahindra Bank ?
To be a Operations Manager at Kotak Mahindra Bank in india, the key skills required include:

  • - Operations Management
  • - Operations
  • - Auto Loans
  • - Recovery Operations
  • - Trade Finance

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 Operations Manager in India?
HSBC Global Banking and Markets ₹8.5 Lakhs to ₹19.2 Lakhs per year
Union Bank of India ₹10.0 Lakhs to ₹20.0 Lakhs per year
IDBI Bank ₹6.0 Lakhs to ₹23.0 Lakhs per year
Bank of Baroda ₹10.0 Lakhs to ₹18.0 Lakhs per year
Canara Bank ₹12.0 Lakhs to ₹13.5 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 Operations Manager in companies similar to Kotak Mahindra Bank in India?
The salary of a Operations Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Federal Bank ₹5.0 Lakhs to ₹16.0 Lakhs per year
South Indian Bank ₹9.9 Lakhs to ₹13.0 Lakhs per year
Central Bank of India ₹10.0 Lakhs to ₹12.0 Lakhs per year
The Saraswat Co-operative Bank ₹7.0 Lakhs to ₹12.0 Lakhs per year
Paytm Payments Bank ₹3.9 Lakhs to ₹13.0 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 Operations Manager at Kotak Mahindra Bank in India?
The salary growth for a Operations Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Operations Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
3 years ₹2.0 Lakhs to ₹7.5 Lakhs per year
4 years ₹3.0 Lakhs to ₹8.0 Lakhs per year
5 years ₹2.6 Lakhs to ₹9.0 Lakhs per year
6 years ₹3.0 Lakhs to ₹10.0 Lakhs per year
and so on.

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Kotak Mahindra Bank Operations Manager salary in India ranges between ₹2 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 256 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.