Kotak Mahindra Bank Mumbai Service Manager Salaries by 50+ Employees (Updated 2025)

0 - 14 years exp.

₹2.1 Lakhs - ₹13.3 Lakhs

Salary of majority employees

At par with the average Service Manager Salary in Banking Companies for 0 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Service Manager Salary 2 - 14 years exp. (20 salaries)	₹2.7 L/yr - ₹14 L/yr
Customer Success, Service & Operations Service Manager Salary 1 - 12 years exp. (20 salaries)	₹2.9 L/yr - ₹13.5 L/yr
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Finance & Accounting Service Manager Salary 0 - 9 years exp. (8 salaries)	₹2 L/yr - ₹12.9 L/yr
Data Science & Analytics Service Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹13.1 L/yr
Sales & Business Development Service Manager Salary 7 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹13.2 L/yr

Last Updated: 13 Feb 2025

Companies similar to Kotak Mahindra Bank for Service Manager in Mumbai

Kotak Mahindra Bank Service Manager Salary

0 - 14 years exp. (56 salaries)

₹2.1 L/yr - ₹13.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Service Manager Salary 3 - 12 years exp. (13 salaries)	₹4.5 L/yr - ₹8.5 L/yr 16% less
ICICI Bank Service Manager Salary 2 - 8 years exp. (13 salaries)	₹3.3 L/yr - ₹10.4 L/yr 28% less
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Axis Bank Service Manager Salary 1 - 10 years exp. (10 salaries)	₹3.5 L/yr - ₹11.2 L/yr 9% less
Yes Bank Service Manager Salary 1 - 8 years exp. (13 salaries)	₹3 L/yr - ₹9 L/yr 36% less
IndusInd Bank Service Manager Salary 2 - 7 years exp. (7 salaries)	₹3 L/yr - ₹5.5 L/yr 43% less	1 job opening
IDFC FIRST Bank Service Manager Salary 4 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹6.9 L/yr 32% less	2 job openings
RBL Bank Service Manager Salary 6 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹9.1 L/yr 22% less

Service Manager salary at Kotak Mahindra Bank ranges between ₹2.1 Lakhs to ₹13.3 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 56 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Service Manager salaries in Mumbai

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
1 year (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.9 L/yr
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2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.4 L/yr
3 years (5 salaries)	₹3 L/yr - ₹5 L/yr
4 years (3 salaries)	₹3.5 L/yr - ₹5 L/yr
5 years (4 salaries)	₹4.7 L/yr - ₹5.8 L/yr
6 years (5 salaries)	₹4.5 L/yr - ₹11.6 L/yr
7 years (5 salaries)	₹4.2 L/yr - ₹13 L/yr
8 years (5 salaries)	₹3 L/yr - ₹9 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹15.6 L/yr
10 years (7 salaries)	₹7.8 L/yr - ₹12.8 L/yr
11 years (6 salaries)	₹5.5 L/yr - ₹12.5 L/yr
12 years (7 salaries)	₹8.5 L/yr - ₹14 L/yr
13 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹14 L/yr
14 years (AmbitionBox Estimate)	₹8 L/yr - ₹22.4 L/yr

View all

From

Service Manager

₹

Lakhs/yr

0 - 15 years exp.

Regional Sales Manager

₹

Lakhs/yr

12 - 21 years exp.

Service Manager 0 - 15 years exp.

Branch Manager 7 - 20 years exp.

114% hike

Area Business Manager 8 - 19 years exp.

8% hike

From

1 more level

Service Manager

0 - 15 years exp.

Regional Asset Manager

15 - 17 years exp.

View 1 more career path

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Sales Manager Salary

(129 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Area Manager Salary

(8 salaries)

₹7.05 L/yr - ₹23.79 L/yr

Territory Manager Salary

(4 salaries)

₹10 L/yr - ₹15 L/yr

Service Head Salary

(3 salaries)

₹3.3 L/yr - ₹24.5 L/yr

Top skills at Kotak Mahindra Bank for Service Manager

Branch Operations

Salary related reviews for Kotak Mahindra Bank

4.1

Rated by 8 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

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Service Manager Salary FAQs

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

Service Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.1 Lakhs to ₹13.3 Lakhs for less than 1 year of experience to 14 years. According to our estimates it is 4% less than the average Service Manager Salary in India. Salary estimates are based on 56 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Service Manager at Kotak Mahindra Bank is 4% less than the average salary of a Service Manager in Mumbai. To know exact salary insights, login to view.

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

Branch Operations is a popular skill required to work as a Service Manager at Kotak Mahindra Bank.

What is the salary of a Service Manager in companies similar to Kotak Mahindra Bank in Mumbai?

Axis Bank Service Manager Salary - ₹3.5 Lakhs to ₹11.2 Lakhs per year
HDFC Bank Service Manager Salary - ₹4.5 Lakhs to ₹8.5 Lakhs per year
RBL Bank Service Manager Salary - ₹5.5 Lakhs to ₹9.1 Lakhs per year
ICICI Bank Service Manager Salary - ₹3.3 Lakhs to ₹10.4 Lakhs per year
IDFC FIRST Bank Service Manager Salary - ₹3.5 Lakhs to ₹6.9 Lakhs per year

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

The estimated take-home salary of a Service Manager at Kotak Mahindra Bank ranges between ₹56,440 per month to ₹57,856 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Service Manager salary in India which ranges between ₹2.1 Lakhs to ₹13.3 Lakhs per year for employees with less than 1 year of experience to 14 years. Check how did we calculate take home salary?

What is the notice period for Service Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 80% of the Kotak Mahindra Bank Service Managers in Mumbai reported a notice period of 3 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 41 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Service Manager Salaries in Mumbai

Kotak Mahindra Bank Service Manager salary in Mumbai ranges between ₹2.1 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 56 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.