Kotak Mahindra Bank Chennai Team Manager Salaries by 4 Employees (Updated 2024)

1 - 6 years exp.

₹2.5 Lakhs - ₹8.1 Lakhs

Salary of majority employees

63% less than the average Team Manager Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

Sales & Business Development Team Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹7.1 L/yr
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Customer Success, Service & Operations Team Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.7 L/yr

Last Updated: 13 Jul 2024

Companies similar to Kotak Mahindra Bank for Team Manager in Chennai

Kotak Mahindra Bank Team Manager Salary

1 - 6 years exp. (4 salaries)

₹2.5 L/yr - ₹8.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Team Manager Salary 5 - 13 years exp. (20 salaries)	₹3.6 L/yr - ₹12.6 L/yr 56% more
IndusInd Bank Team Manager Salary 6 - 12 years exp. (6 salaries)	₹4 L/yr - ₹9.9 L/yr 15% more
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Yes Bank Team Manager Salary 5 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹9.9 L/yr 53% more
Barclays Team Manager Salary 7 - 16 years exp. (73 salaries)	₹8.2 L/yr - ₹16.7 L/yr 130% more
NatWest Group Team Manager Salary 6 - 15 years exp. (22 salaries)	₹5.3 L/yr - ₹15 L/yr 89% more
Barclays Investment Bank Team Manager Salary 7 - 12 years exp. (4 salaries)	₹12.4 L/yr - ₹13.4 L/yr 138% more
Standard Chartered Team Manager Salary 8 - 12 years exp. (4 salaries)	₹7.4 L/yr - ₹30 L/yr 229% more
Jana Small Finance Bank Team Manager Salary 4 - 11 years exp. (4 salaries)	₹2.1 L/yr - ₹3.6 L/yr 40% less

Team Manager salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Team Manager salaries in Chennai

Last Updated: 13 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.9 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.4 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(662 salaries)

₹1.8 L/yr - ₹8 L/yr

Branch Manager Salary

(38 salaries)

₹9 L/yr - ₹20 L/yr

Team Lead Salary

(16 salaries)

₹2 L/yr - ₹6.75 L/yr

Operations Manager Salary

(5 salaries)

₹4.5 L/yr - ₹6.7 L/yr

Top skills at Kotak Mahindra Bank for Team Manager

OD Communication Skills cc Risk Management Alm Stress Testing Asset Liability Management Market Risk Management

Salary related reviews for Kotak Mahindra Bank

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 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.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

1 participant . expiring in 2w

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Kotak Mahindra Bank Team Manager Salary FAQs

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

Team Manager salary at Kotak Mahindra Bank in Chennai ranges between ₹2.5 Lakhs to ₹8.1 Lakhs for experience between 1 years to 6 years. According to our estimates it is 63% less than the average Team Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

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

The average salary of a Team Manager at Kotak Mahindra Bank is 63% less than the average salary of a Team Manager in Chennai. To know exact salary insights, login to view.

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

OD, Communication Skills, cc, Risk Management and Alm are some of the popular skills required to work as a Team Manager at Kotak Mahindra Bank Chennai.

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

Standard Chartered Team Manager Salary - ₹7.4 Lakhs to ₹30.0 Lakhs per year
Barclays Investment Bank Team Manager Salary - ₹12.4 Lakhs to ₹13.4 Lakhs per year
Barclays Team Manager Salary - ₹8.2 Lakhs to ₹16.7 Lakhs per year
NatWest Group Team Manager Salary - ₹5.3 Lakhs to ₹15.0 Lakhs per year
HDFC Bank Team Manager Salary - ₹3.6 Lakhs to ₹12.6 Lakhs per year

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

Yes Bank Team Manager Salary - ₹5.5 Lakhs to ₹9.9 Lakhs per year
IndusInd Bank Team Manager Salary - ₹4.0 Lakhs to ₹9.9 Lakhs per year
Jana Small Finance Bank Team Manager Salary - ₹2.1 Lakhs to ₹3.6 Lakhs per year

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

The estimated take-home salary of a Team Manager at Kotak Mahindra Bank ranges between ₹40,092 per month to ₹41,256 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Team Manager salary in India which ranges between ₹2.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 88% of the Kotak Mahindra Bank Team Managers in Chennai reported a notice period of 1 Month, 12% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Team Manager Salaries in Chennai

Kotak Mahindra Bank Team Manager salary in Chennai ranges between ₹2.5 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.