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Kotak Mahindra Bank

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3.8

based on 16.3k Reviews

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Deputy Manager Grade 2
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Kotak Mahindra Bank Deputy Manager Grade 2 Salaries in India

based on 795 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Customer Success, Service & Operations Sales & Business Development Finance & Accounting + 6 more
Designation Avg Annual Salary Open Jobs

Deputy Manager Grade 2

0 - 10 years exp. (801 salaries)
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₹2.6 L/yr - ₹7 L/yr

Front Office Executive

0 - 6 years exp. (17 salaries)
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₹1.8 L/yr - ₹4 L/yr

Personal Banker

2 - 8 years exp. (17 salaries)
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₹2.5 L/yr - ₹6.5 L/yr

Associate Executive

0 - 5 years exp. (17 salaries)
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₹1.7 L/yr - ₹2.8 L/yr

Back Office Associate

0 - 6 years exp. (17 salaries)
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₹1.6 L/yr - ₹3.4 L/yr

Associate Vice President Sales

10 - 18 years exp. (17 salaries)
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₹16 L/yr - ₹31 L/yr

CPA Manager

1 - 4 years exp. (17 salaries)
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₹1.9 L/yr - ₹3 L/yr

HR Associate

0 - 5 years exp. (16 salaries)
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₹2.2 L/yr - ₹4 L/yr

Chief Manager Legal

9 - 17 years exp. (16 salaries)
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₹13 L/yr - ₹25.6 L/yr

Senior Manager Finance

4 - 16 years exp. (16 salaries)
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₹6.9 L/yr - ₹20.5 L/yr

IT Manager

5 - 11 years exp. (16 salaries)
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₹6.4 L/yr - ₹18.5 L/yr

Senior Sales Associate

2 - 7 years exp. (16 salaries)
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₹2.1 L/yr - ₹3.8 L/yr

Vice President Sales

11 - 20 years exp. (16 salaries)
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₹25 L/yr - ₹37 L/yr

Senior Officer

1 - 5 years exp. (16 salaries)
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₹2.3 L/yr - ₹4.5 L/yr

Computer Operator

0 - 16 years exp. (16 salaries)
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₹1 L/yr - ₹4.5 L/yr

RCU Officer

1 - 5 years exp. (16 salaries)
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₹1.5 L/yr - ₹4.6 L/yr

Administration Executive

1 - 6 years exp. (16 salaries)
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₹2.2 L/yr - ₹4.5 L/yr

Manager OPS

5 - 16 years exp. (16 salaries)
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₹4.5 L/yr - ₹9 L/yr

Wealth Manager

1 - 11 years exp. (16 salaries)
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₹5.5 L/yr - ₹13 L/yr

Assistant Manager- HR

1 - 7 years exp. (16 salaries)
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₹1.8 L/yr - ₹5.1 L/yr

State Head

9 - 20 years exp. (16 salaries)
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₹10.2 L/yr - ₹19 L/yr

Last Updated: 5 Jan, 2025

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New Job, Higher Pay, Now I’m Feeling Awkward
I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!
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Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 133 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

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • Skill development - Poor
    • +1 more
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More about working at Kotak Mahindra Bank
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Kotak Mahindra Bank Salary FAQs

How much does Kotak Mahindra Bank pay per year?
The average Kotak Mahindra Bank salary ranges from approximately ₹1 Lakh to ₹1.2 Lakh per year for a Mail Room Executive and ₹50 Lakhs to ₹1.3 Crore per year for a Executive Vice President. Salary estimates are based on 795 Kotak Mahindra Bank salaries received from various employees of Kotak Mahindra Bank. Kotak Mahindra Bank employees rate the overall salary and benefits package 3.6/5 stars.
What is the highest salary in Kotak Mahindra Bank?
The highest-paying job at Kotak Mahindra Bank is a Executive Vice President with a salary of ₹50 Lakhs to ₹1.3 Crore per year. The top 10% of employees earn more than ₹14.10 lakhs per year. The top 1% earn more than a whopping ₹37.66 lakhs per year.
What is the minimum salary in Kotak Mahindra Bank?
Minimum salary at Kotak Mahindra Bank depends on the role you are applying for. For Associate the minimum salary is ₹1 Lakh to ₹4.2 Lakhs per year, and for Assistant Manager the minimum salary is ₹1 Lakh to ₹5 Lakhs per year and so on.
What is the salary package for freshers in Kotak Mahindra Bank?
The average salary at Kotak Mahindra Bank for freshers varies from ₹1.4 Lakh to ₹2.4 Lakhs per year for Sampler and ₹6 Lakhs to ₹17 Lakhs per year for Data Scientist.
What is the notice period for Deputy Manager Grade 2 at Kotak Mahindra Bank?
According to AmbitionBox, 54% of the Kotak Mahindra Bank Deputy Manager Grade 2s reported a notice period of 3 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 967 responses on AmbitionBox in last 2 years.

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Average annual salary for Deputy Manager Grade 2 in Kotak Mahindra Bank is INRunlock blur . Salary estimates are based on 795 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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