Kotak Mahindra Bank Indore Sales Manager Salaries by 20+ Employees (Updated 2025)

0 - 12 years exp.

₹1.8 Lakh - ₹9.5 Lakhs

Salary of majority employees

7% less than the average Sales Manager Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

Sales & Business Development Sales Manager Salary 1 - 12 years exp. (13 salaries)	₹3.5 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Sales Manager Salary 3 - 8 years exp. (7 salaries)	₹2.3 L/yr - ₹6.7 L/yr
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Finance & Accounting Sales Manager Salary 4 - 9 years exp. (3 salaries)	₹5 L/yr - ₹6.6 L/yr
Marketing & Communication Sales Manager Salary 0 - 9 years exp. (3 salaries)	₹2.4 L/yr - ₹8.5 L/yr

Last Updated: 29 Dec 2024

Companies similar to Kotak Mahindra Bank for Sales Manager in Indore

Kotak Mahindra Bank Sales Manager Salary

0 - 12 years exp. (29 salaries)

₹1.8 L/yr - ₹9.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Sales Manager Salary 0 - 16 years exp. (132 salaries)	₹3.5 L/yr - ₹10.4 L/yr 12% more	2 job openings
Axis Bank Sales Manager Salary 1 - 14 years exp. (98 salaries)	₹3 L/yr - ₹13 L/yr 21% more	4 job openings
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IndusInd Bank Sales Manager Salary 3 - 11 years exp. (17 salaries)	₹4 L/yr - ₹8.2 L/yr 8% more	15 job openings
IDFC FIRST Bank Sales Manager Salary 0 - 9 years exp. (35 salaries)	₹3 L/yr - ₹7.5 L/yr 10% less	17 job openings
Bandhan Bank Sales Manager Salary 2 - 8 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 8% less
Jana Small Finance Bank Sales Manager Salary 5 - 11 years exp. (3 salaries)	₹4.2 L/yr - ₹6 L/yr 13% less	1 job opening

Sales Manager salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 29 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Sales Manager salaries in Indore

Last Updated: 29 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.3 L/yr
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹7.9 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.6 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.9 L/yr
4 years (3 salaries)	₹1.8 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
6 years (4 salaries)	₹3.5 L/yr - ₹8 L/yr
7 years (4 salaries)	₹6.5 L/yr - ₹8.5 L/yr
8 years (4 salaries)	₹4.5 L/yr - ₹8.5 L/yr
9 years (4 salaries)	₹5 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
12 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹9.5 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(29 salaries)

₹8.75 L/yr - ₹20 L/yr

Area Sales Manager Salary

(9 salaries)

₹12.6 L/yr - ₹17 L/yr

Marketing Manager Salary

(3 salaries)

₹4.2 L/yr - ₹8.68 L/yr

Top skills at Kotak Mahindra Bank for Sales Manager

Retail Liabilities Sales Management Casa Team Handling Sales Team Management Branch Sales Current Account Commercial Banking Cash Management Services Relationship Management bfsi NBFC Sales Management Revenue Generation

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 5 employees for salary & benefits

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.

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.

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.

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

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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 Sales Manager Salary FAQs

What is the salary of Sales Manager at Kotak Mahindra Bank Indore?

Sales Manager salary at Kotak Mahindra Bank in Indore ranges between ₹1.8 Lakhs to ₹9.5 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 7% less than the average Sales Manager Salary in India. Salary estimates are based on 29 latest salaries received from various employees of Kotak Mahindra Bank Indore.

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

The average salary of a Sales Manager at Kotak Mahindra Bank is 7% less than the average salary of a Sales Manager in Indore. To know exact salary insights, login to view.

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

Retail Liabilities, Sales Management, Casa, Team Handling and Sales are some of the popular skills required to work as a Sales Manager at Kotak Mahindra Bank Indore.

Which similar companies are paying more than Kotak Mahindra Bank to a Sales Manager in Indore?

Axis Bank Sales Manager Salary - ₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Bank Sales Manager Salary - ₹3.5 Lakhs to ₹10.4 Lakhs per year
IndusInd Bank Sales Manager Salary - ₹4.0 Lakhs to ₹8.2 Lakhs per year

What is the salary of a Sales Manager in companies similar to Kotak Mahindra Bank in Indore?

Bandhan Bank Sales Manager Salary - ₹5.0 Lakhs to ₹7.0 Lakhs per year
IDFC FIRST Bank Sales Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
Jana Small Finance Bank Sales Manager Salary - ₹4.2 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Sales Manager at Kotak Mahindra Bank ranges between ₹47,690 per month to ₹48,819 per month in Indore. The take-home salary calculation is based on the average Kotak Mahindra Bank Sales Manager salary in India which ranges between ₹1.8 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for Sales Manager at Kotak Mahindra Bank in Indore?

According to AmbitionBox, 72% of the Kotak Mahindra Bank Sales Managers in Indore reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Sales Manager Salaries in Indore

Kotak Mahindra Bank Sales Manager salary in Indore ranges between ₹1.8 Lakh to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.