Kotak Mahindra Bank Mumbai Sales Manager Salaries by 100+ Employees (Updated 2025)

1 - 12 years exp.

₹1.8 Lakh - ₹10.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

7% less than the average Sales Manager Salary in Banking Companies for 1 - 12 years of experience

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Salaries in different departments

Sales & Business Development Sales Manager Salary 1 - 12 years exp. (51 salaries)	₹2.9 L/yr - ₹10.7 L/yr
BFSI, Investments & Trading Sales Manager Salary 1 - 11 years exp. (35 salaries)	₹2 L/yr - ₹10.7 L/yr
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Finance & Accounting Sales Manager Salary 2 - 12 years exp. (18 salaries)	₹3 L/yr - ₹8.3 L/yr
Customer Success, Service & Operations Sales Manager Salary 4 - 8 years exp. (5 salaries)	₹6 L/yr - ₹7.8 L/yr
Marketing & Communication Sales Manager Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹8.4 L/yr

Last Updated: 24 Mar 2025

Companies similar to Kotak Mahindra Bank for Sales Manager in Mumbai

Kotak Mahindra Bank Sales Manager Salary

1 - 12 years exp. (133 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Sales Manager Salary 0 - 16 years exp. (568 salaries)	₹3.5 L/yr - ₹13 L/yr 16% more	3 job openings
Axis Bank Sales Manager Salary 0 - 16 years exp. (300 salaries)	₹3.6 L/yr - ₹13.9 L/yr 27% more	2 job openings
Login to view exact salary
IDFC FIRST Bank Sales Manager Salary 0 - 12 years exp. (136 salaries)	₹3 L/yr - ₹11.4 L/yr At par	3 job openings
Yes Bank Sales Manager Salary 1 - 12 years exp. (65 salaries)	₹3 L/yr - ₹11.7 L/yr 7% more	1 job opening
IndusInd Bank Sales Manager Salary 2 - 13 years exp. (53 salaries)	₹2.4 L/yr - ₹10.9 L/yr At par	49 job openings
ICICI Bank Sales Manager Salary 0 - 13 years exp. (53 salaries)	₹2 L/yr - ₹11 L/yr 2% more
Utkarsh Small Finance Bank Sales Manager Salary 5 - 9 years exp. (12 salaries)	₹2.8 L/yr - ₹8 L/yr 4% less
Bandhan Bank Sales Manager Salary 2 - 9 years exp. (10 salaries)	₹4.5 L/yr - ₹7.3 L/yr 4% less
RBL Bank Sales Manager Salary 3 - 9 years exp. (9 salaries)	₹3.5 L/yr - ₹8 L/yr 8% less
Jana Small Finance Bank Sales Manager Salary 5 - 10 years exp. (6 salaries)	₹2.8 L/yr - ₹6.8 L/yr 13% less
Karur Vysya Bank Sales Manager Salary 5 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹9 L/yr 3% less
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Paytm Payments Bank Sales Manager Salary 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹5.3 L/yr 46% less

Sales Manager salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹10.7 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 133 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Sales Manager in Mumbai

2w ago

₹6.7 Lakhs

9 years exp.

1mo ago

₹7.8 Lakhs

6 years exp.

1mo ago

₹7 Lakhs

5 years exp.

2mo ago

₹3.9 Lakhs

8 years exp.

3mo ago

₹6 Lakhs

1 year exp.

3mo ago

8 years exp.

4mo ago

9 years exp.

4mo ago

9 years exp.

4mo ago

12 years exp.

5mo ago

9 years exp.

Experience wise Kotak Mahindra Bank Sales Manager salaries in Mumbai

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹1.8 L/yr - ₹6 L/yr
2 years (7 salaries)	₹2.7 L/yr - ₹6.5 L/yr
Login to view exact salary
3 years (12 salaries)	₹2.5 L/yr - ₹7.5 L/yr
4 years (14 salaries)	₹2.5 L/yr - ₹8 L/yr
5 years (15 salaries)	₹2.4 L/yr - ₹7.8 L/yr
6 years (19 salaries)	₹2.5 L/yr - ₹9.6 L/yr
7 years (17 salaries)	₹2.8 L/yr - ₹6.7 L/yr
8 years (15 salaries)	₹3.9 L/yr - ₹8.2 L/yr
9 years (15 salaries)	₹3 L/yr - ₹10.7 L/yr
10 years (5 salaries)	₹6 L/yr - ₹9 L/yr
11 years (4 salaries)	₹6 L/yr - ₹10.7 L/yr
12 years (6 salaries)	₹6.5 L/yr - ₹10 L/yr

View all

From

Sales Manager

₹

Lakhs/yr

1 - 12 years exp.

Regional Sales Manager

₹

Lakhs/yr

12 - 19 years exp.

Sales Manager

1 - 12 years exp.

Area Sales Manager

6 - 17 years exp.

103% hike

Branch Manager

8 - 20 years exp.

29% hike

From

View 4 more levels

Sales Manager

1 - 12 years exp.

Senior Regional Business Manager

Salary unavailable

From

View 2 more levels

Sales Manager

1 - 12 years exp.

Regional Asset Manager

15 - 17 years exp.

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)

₹1.65 L/yr - ₹8.2 L/yr

Branch Manager Salary

(142 salaries)

₹10 L/yr - ₹30 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹4 L/yr

Area Sales Manager Salary

(35 salaries)

₹6.5 L/yr - ₹16.8 L/yr

Marketing Manager Salary

(18 salaries)

₹7 L/yr - ₹15 L/yr

Senior Sales Manager Salary

(13 salaries)

₹8.15 L/yr - ₹13.55 L/yr

Area Manager Salary

(8 salaries)

₹9 L/yr - ₹28.72 L/yr

Business Manager Salary

(5 salaries)

₹11.5 L/yr - ₹15.4 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

3.9

Rated by 18 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.

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

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.

Job security - Good

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.

Salary - Poor

+4 more

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.

Work-life balance - Good

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.

Skill development - Poor

+1 more

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.

Salary - Poor

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

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 Sales Manager Salary FAQs

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

The average salary of a Sales Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.8 Lakhs to ₹10.7 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Sales Manager in Mumbai at Kotak Mahindra Bank earn more than ₹8.3 Lakhs per year, and the top 1% earn over ₹10.7 Lakhs per year. Sales 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 100+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Sales Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹48,654 to ₹49,804 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹10.7 Lakhs per year for employees with experience ranging from 1 year to 12 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 100+ 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 Sales Manager at Kotak Mahindra Bank in Mumbai?

To be a Sales Manager at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Retail Liabilities
- Sales Management
- Casa
- Team Handling
- Sales

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 Sales Manager in India?

Axis Bank	₹3.6 Lakhs to ₹13.9 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹13.0 Lakhs per year
Yes Bank	₹3.0 Lakhs to ₹11.7 Lakhs per year
ICICI Bank	₹2.0 Lakhs to ₹11.0 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 Sales Manager in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Sales 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:

IndusInd Bank	₹2.4 Lakhs to ₹10.9 Lakhs per year
IDFC FIRST Bank	₹3.0 Lakhs to ₹11.4 Lakhs per year
Karur Vysya Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
Bandhan Bank	₹4.5 Lakhs to ₹7.3 Lakhs per year
Utkarsh Small Finance Bank	₹2.8 Lakhs to ₹8.0 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 Sales Manager at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹6.0 Lakhs per year
2 years	₹2.7 Lakhs to ₹6.5 Lakhs per year
3 years	₹2.5 Lakhs to ₹7.5 Lakhs per year
4 years	₹2.5 Lakhs to ₹8.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Sales Manager Salaries in Mumbai

Kotak Mahindra Bank Sales Manager salary in Mumbai ranges between ₹1.8 Lakh to ₹10.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 133 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Sales Manager salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Sales Manager in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Sales Manager in Mumbai

Experience wise Kotak Mahindra Bank Sales Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Sales Manager

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Thane

Kotak Mahindra Bank Sales Manager Salary FAQs

Tell us how to improve this page.