Kotak Mahindra Bank Zonal Head Salaries by 5 Employees

18 - 21 years exp.

₹25 Lakhs - ₹36 Lakhs

Low Confidence

Salary of majority employees

12% more than the average Zonal Head Salary in Banking Companies for 18 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Zonal Head Salary 18 - 20 years exp. (3 salaries)	₹25.5 L/yr - ₹36 L/yr
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Sales & Business Development Zonal Head Salary 21 years exp. (AmbitionBox Estimate)	₹31.5 L/yr - ₹38.5 L/yr

Last Updated: 13 Aug 2024

Companies similar to Kotak Mahindra Bank for Zonal Head

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Zonal Head Salary 12 - 21 years exp. (79 salaries)	₹11.5 L/yr - ₹42.4 L/yr 5% less	1 job opening
IndusInd Bank Zonal Head Salary 15 - 21 years exp. (39 salaries)	₹20 L/yr - ₹55 L/yr 28% more	5 job openings
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Jana Small Finance Bank Zonal Head Salary 15 - 23 years exp. (32 salaries)	₹15 L/yr - ₹52 L/yr 8% more
ICICI Bank Zonal Head Salary 12 - 27 years exp. (30 salaries)	₹23 L/yr - ₹1 Cr/yr 92% more
Utkarsh Small Finance Bank Zonal Head Salary 10 - 23 years exp. (14 salaries)	₹16 L/yr - ₹55 L/yr 12% more
IDFC FIRST Bank Zonal Head Salary 16 - 24 years exp. (12 salaries)	₹18 L/yr - ₹62 L/yr 52% more
RBL Bank Zonal Head Salary 12 - 23 years exp. (10 salaries)	₹28 L/yr - ₹50.5 L/yr 46% more
Axis Bank Zonal Head Salary 11 - 23 years exp. (10 salaries)	₹15 L/yr - ₹32 L/yr 26% less
Yes Bank Zonal Head Salary 13 - 23 years exp. (8 salaries)	₹41 L/yr - ₹56 L/yr 59% more
Bandhan Bank Zonal Head Salary 1 - 18 years exp. (5 salaries)	₹18.6 L/yr - ₹50 L/yr 12% more
South Indian Bank Zonal Head Salary 10 - 13 years exp. (3 salaries)	₹18.3 L/yr - ₹24 L/yr 27% less
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The Saraswat Co-operative Bank Zonal Head Salary 20 - 23 years exp. (3 salaries)	₹27 L/yr - ₹34.5 L/yr 2% more
Paytm Payments Bank Zonal Head Salary 24 - 26 years exp. (3 salaries)	₹49.4 L/yr - ₹54.6 L/yr 77% more

Zonal Head salary at Kotak Mahindra Bank ranges between ₹25 Lakhs to ₹36 Lakhs per year for employees with experience between 18 years to 21 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Zonal Head salaries

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
15+ years (5 salaries)	₹25 L/yr - ₹36 L/yr
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Similar Designation salaries in Kotak Mahindra Bank

Regional Head Salary

(16 salaries)

₹16.45 L/yr - ₹43 L/yr

State Head Salary

(16 salaries)

₹10.2 L/yr - ₹19 L/yr

Zonal Manager Salary

(6 salaries)

₹26.5 L/yr - ₹39.71 L/yr

Cluster Head Salary

(51 salaries)

₹4.34 L/yr - ₹16.93 L/yr

Business Head Salary

(AmbitionBox Estimate)

₹61.8 L/yr - ₹68.3 L/yr

Regional Manager Salary

(33 salaries)

₹4.62 L/yr - ₹20 L/yr

General Manager Salary

(3 salaries)

₹20.24 L/yr - ₹24 L/yr

Zonal Sales Manager Salary

(10 salaries)

₹27 L/yr - ₹62 L/yr

Sales Manager Salary

(754 salaries)

₹2.28 L/yr - ₹11.5 L/yr

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Salary related reviews for Kotak Mahindra Bank

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Salary - Bad

+6 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

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Kotak Mahindra Bank Zonal Head Salary FAQs

What is the salary of Zonal Head at Kotak Mahindra Bank ?

The average salary of a Zonal Head at Kotak Mahindra Bank in India typically ranges from ₹25.0 Lakhs to ₹36.0 Lakhs per year, depending on experience (from 18 years to 21 years).

The top 10% of Zonal Head at Kotak Mahindra Bank earn more than ₹36.0 Lakhs per year, and the top 1% earn over ₹36.0 Lakhs per year. Zonal Head 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Zonal Head at Kotak Mahindra Bank in India?

The estimated take-home salary of a Zonal Head at Kotak Mahindra Bank in India typically ranges from ₹1,81,570 to ₹1,88,643 per month. This is based on the average salary range of ₹25.0 Lakhs to ₹36.0 Lakhs per year for employees with experience ranging from 18 years to 21 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 5 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Zonal Head in India?

ICICI Bank	₹23.0 Lakhs to ₹101.0 Lakhs per year
Paytm Payments Bank	₹49.4 Lakhs to ₹54.6 Lakhs per year
Yes Bank	₹41.0 Lakhs to ₹56.0 Lakhs per year
IDFC FIRST Bank	₹18.0 Lakhs to ₹62.0 Lakhs per year
RBL Bank	₹28.0 Lakhs to ₹50.5 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 Zonal Head in companies similar to Kotak Mahindra Bank in India?

The salary of a Zonal Head at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹20.0 Lakhs to ₹55.0 Lakhs per year
Bandhan Bank	₹18.6 Lakhs to ₹50.0 Lakhs per year
Utkarsh Small Finance Bank	₹16.0 Lakhs to ₹55.0 Lakhs per year
Jana Small Finance Bank	₹15.0 Lakhs to ₹52.0 Lakhs per year
The Saraswat Co-operative Bank	₹27.0 Lakhs to ₹34.5 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 Zonal Head at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
15 years	₹25.0 Lakhs to ₹36.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Zonal Head Salaries

Kotak Mahindra Bank Zonal Head salary in India ranges between ₹25 Lakhs to ₹36 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.