Kotak Mahindra Bank Chennai Operations Manager Salaries by 5 Employees (Updated 2025)

4 - 9 years exp.

₹4.5 Lakhs - ₹6.7 Lakhs

Salary of majority employees

45% less than the average Operations Manager Salary in Banking Companies for 4 - 9 years of experience

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Last Updated: 23 Nov 2023

Companies similar to Kotak Mahindra Bank for Operations Manager in Chennai

Kotak Mahindra Bank Operations Manager Salary

4 - 9 years exp. (5 salaries)

₹4.5 L/yr - ₹6.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Operations Manager Salary 1 - 15 years exp. (77 salaries)	₹2.2 L/yr - ₹12.3 L/yr 12% more
ICICI Bank Operations Manager Salary 1 - 13 years exp. (32 salaries)	₹2.7 L/yr - ₹10 L/yr 4% more	1 job opening
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Axis Bank Operations Manager Salary 4 - 14 years exp. (32 salaries)	₹4 L/yr - ₹11.5 L/yr 23% more
Yes Bank Operations Manager Salary 1 - 15 years exp. (14 salaries)	₹3.5 L/yr - ₹10.5 L/yr 27% more
IndusInd Bank Operations Manager Salary 1 - 15 years exp. (16 salaries)	₹2.3 L/yr - ₹10.3 L/yr 2% less
IDFC FIRST Bank Operations Manager Salary 2 - 7 years exp. (7 salaries)	₹3.4 L/yr - ₹9.5 L/yr 12% more
Jana Small Finance Bank Operations Manager Salary 2 - 10 years exp. (5 salaries)	₹2.4 L/yr - ₹8 L/yr 33% less
IDBI Bank Operations Manager Salary 10 - 12 years exp. (3 salaries)	₹14 L/yr - ₹17 L/yr 142% more
City Union Bank Operations Manager Salary 2 - 6 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr 5% less

Operations Manager salary at Kotak Mahindra Bank ranges between ₹4.5 Lakhs to ₹6.7 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Operations Manager salaries in Chennai

Last Updated: 23 Nov 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹9.8 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.2 L/yr
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6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.7 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.6 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹11.8 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(659 salaries)

₹1.8 L/yr - ₹8 L/yr

Relationship Manager Salary

(126 salaries)

₹2 L/yr - ₹11 L/yr

Branch Manager Salary

(37 salaries)

₹9 L/yr - ₹20 L/yr

Service Manager Salary

(8 salaries)

₹2 L/yr - ₹11 L/yr

Team Manager Salary

(7 salaries)

₹1.7 L/yr - ₹7.79 L/yr

Area Manager Salary

(5 salaries)

₹11 L/yr - ₹19 L/yr

Senior Operations Manager Salary

(3 salaries)

₹7.35 L/yr - ₹14 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

5.0

Rated by 2 employees for salary & benefits

Operations Manager in Chennai

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.

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

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

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.

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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Salary Discussions, Hike & Promotions

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Operations Manager Salary FAQs

What is the salary of Operations Manager at Kotak Mahindra Bank Chennai?

Operations Manager salary at Kotak Mahindra Bank in Chennai ranges between ₹4.5 Lakhs to ₹6.7 Lakhs for experience between 4 years to 9 years. According to our estimates it is 45% less than the average Operations Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

How does the salary of a Operations Manager at Kotak Mahindra Bank Chennai compare with the average salary range for this job?

The average salary of a Operations Manager at Kotak Mahindra Bank is 45% less than the average salary of a Operations Manager in Chennai. To know exact salary insights, login to view.

What are the top skills required to work as a Operations Manager at Kotak Mahindra Bank?

Operations Management, Operations, Auto Loans, Recovery Operations and Trade Finance are some of the popular skills required to work as a Operations Manager at Kotak Mahindra Bank Chennai.

Which similar companies are paying more than Kotak Mahindra Bank to a Operations Manager in Chennai?

IDBI Bank Operations Manager Salary - ₹14.0 Lakhs to ₹17.0 Lakhs per year
Yes Bank Operations Manager Salary - ₹3.5 Lakhs to ₹10.5 Lakhs per year
Axis Bank Operations Manager Salary - ₹4.0 Lakhs to ₹11.5 Lakhs per year
IDFC FIRST Bank Operations Manager Salary - ₹3.4 Lakhs to ₹9.5 Lakhs per year
HDFC Bank Operations Manager Salary - ₹2.2 Lakhs to ₹12.3 Lakhs per year

What is the salary of a Operations Manager in companies similar to Kotak Mahindra Bank in Chennai?

ICICI Bank Operations Manager Salary - ₹2.7 Lakhs to ₹10.0 Lakhs per year
IndusInd Bank Operations Manager Salary - ₹2.3 Lakhs to ₹10.3 Lakhs per year
City Union Bank Operations Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Jana Small Finance Bank Operations Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Operations Manager at Kotak Mahindra Bank in Chennai?

The estimated take-home salary of a Operations Manager at Kotak Mahindra Bank ranges between ₹48,358 per month to ₹49,502 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Operations Manager salary in India which ranges between ₹4.5 Lakhs to ₹6.7 Lakhs per year for employees with experience between 4 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Operations Manager at Kotak Mahindra Bank in Chennai?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Operations Managers in Chennai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Operations Manager Salaries in Chennai

Kotak Mahindra Bank Operations Manager salary in Chennai ranges between ₹4.5 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.