Kotak Mahindra Bank Mumbai Service Relationship Manager Salaries by 20+ Employees (Updated 2025)

0 - 7 years exp.

₹2.4 Lakhs - ₹9.1 Lakhs

Salary of majority employees

18% less than the average Service Relationship Manager Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Service Relationship Manager Salary 0 - 7 years exp. (7 salaries)	₹2.4 L/yr - ₹6.4 L/yr
BFSI, Investments & Trading Service Relationship Manager Salary 1 - 6 years exp. (5 salaries)	₹6.1 L/yr - ₹9.1 L/yr
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Product Management Service Relationship Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.1 L/yr
Risk Management & Compliance Service Relationship Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹8 L/yr
Strategic & Top Management Service Relationship Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr

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Last Updated: 8 Feb 2025

Companies similar to Kotak Mahindra Bank for Service Relationship Manager in Mumbai

Kotak Mahindra Bank Service Relationship Manager Salary

0 - 7 years exp. (25 salaries)

₹2.4 L/yr - ₹9.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Service Relationship Manager Salary 1 - 9 years exp. (33 salaries)	₹2.3 L/yr - ₹9 L/yr 10% less
ICICI Bank Service Relationship Manager Salary 1 - 11 years exp. (28 salaries)	₹2.7 L/yr - ₹11.8 L/yr 28% more
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Axis Bank Service Relationship Manager Salary 2 - 10 years exp. (19 salaries)	₹3 L/yr - ₹8.5 L/yr 26% more
IndusInd Bank Service Relationship Manager Salary 0 - 11 years exp. (18 salaries)	₹3.8 L/yr - ₹6.8 L/yr 2% more	4 job openings
Yes Bank Service Relationship Manager Salary 3 - 10 years exp. (8 salaries)	₹4.3 L/yr - ₹9 L/yr 13% more
IDFC FIRST Bank Service Relationship Manager Salary 0 - 7 years exp. (3 salaries)	₹6.2 L/yr - ₹6.5 L/yr 26% more

Service Relationship Manager salary at Kotak Mahindra Bank ranges between ₹2.4 Lakhs to ₹9.1 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Service Relationship Manager salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹8.3 L/yr
1 year (5 salaries)	₹3.2 L/yr - ₹7.2 L/yr
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2 years (5 salaries)	₹3.5 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹9.1 L/yr
4 years (3 salaries)	₹2.4 L/yr - ₹9.3 L/yr
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹7.8 L/yr
6 years (4 salaries)	₹3 L/yr - ₹9.1 L/yr
7 years (3 salaries)	₹2.2 L/yr - ₹6.5 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Relationship Manager Salary

(459 salaries)

₹1.8 L/yr - ₹10.5 L/yr

Branch Manager Salary

(134 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(129 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Operations Manager Salary

(40 salaries)

₹2.95 L/yr - ₹12 L/yr

Customer Relationship Manager Salary

(10 salaries)

₹2 L/yr - ₹5.6 L/yr

Business Development Manager Salary

(5 salaries)

₹1.5 L/yr - ₹6.38 L/yr

Top skills at Kotak Mahindra Bank for Service Relationship Manager

Relationship Management MIS Preparation Customer Service Relationship Management Wealth Management Escalation Management Senior Management Wealth Management Coordination

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

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

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

Salary - Bad

+5 more

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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindra Bank Service Relationship Manager Salary FAQs

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

Service Relationship Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.4 Lakhs to ₹9.1 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 18% less than the average Service Relationship Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Service Relationship Manager at Kotak Mahindra Bank is 18% less than the average salary of a Service Relationship Manager in Mumbai. To know exact salary insights, login to view.

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

Relationship Management, MIS Preparation, Customer Service, Relationship Management and Wealth Management are some of the popular skills required to work as a Service Relationship Manager at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Service Relationship Manager in Mumbai?

ICICI Bank Service Relationship Manager Salary - ₹2.7 Lakhs to ₹11.8 Lakhs per year
Axis Bank Service Relationship Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year
IDFC FIRST Bank Service Relationship Manager Salary - ₹6.2 Lakhs to ₹6.5 Lakhs per year
Yes Bank Service Relationship Manager Salary - ₹4.3 Lakhs to ₹9.0 Lakhs per year
IndusInd Bank Service Relationship Manager Salary - ₹3.8 Lakhs to ₹6.8 Lakhs per year

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

HDFC Bank Service Relationship Manager Salary - ₹2.3 Lakhs to ₹9.0 Lakhs per year

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

The estimated take-home salary of a Service Relationship Manager at Kotak Mahindra Bank ranges between ₹39,025 per month to ₹40,205 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Service Relationship Manager salary in India which ranges between ₹2.4 Lakhs to ₹9.1 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Kotak Mahindra Bank Service Relationship Managers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 16 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Service Relationship Manager Salaries in Mumbai

Kotak Mahindra Bank Service Relationship Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹9.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Service Relationship Manager salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Service Relationship Manager in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Service Relationship Manager in Mumbai

Experience wise Kotak Mahindra Bank Service Relationship Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Service Relationship Manager

Salary related reviews for Kotak Mahindra Bank

Operations Manager in Goregaon

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Service Relationship Manager Salary FAQs

Tell us how to improve this page.