Kotak Mahindra Prime Chennai Collections Manager Salaries by 5 Employees (Updated 2024)

3 - 6 years exp.

₹3.2 Lakhs - ₹5.2 Lakhs

Salary of majority employees

28% less than the average Collections Manager Salary in NBFC Companies for 3 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 3 - 6 years exp. (4 salaries)	₹3.2 L/yr - ₹5.2 L/yr
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Finance & Accounting Collections Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹5 L/yr

Last Updated: 25 May 2024

Companies similar to Kotak Mahindra Prime for Collections Manager in Chennai

Kotak Mahindra Prime Collections Manager Salary

3 - 6 years exp. (5 salaries)

₹3.2 L/yr - ₹5.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 0 - 16 years exp. (75 salaries)	₹2 L/yr - ₹10 L/yr 45% more	1 job opening
ICICI Bank Collections Manager Salary 3 - 12 years exp. (13 salaries)	₹5 L/yr - ₹8 L/yr 68% more
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Axis Bank Collections Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹10 L/yr 69% more
Tata Capital Collections Manager Salary 5 - 11 years exp. (15 salaries)	₹3.2 L/yr - ₹8.7 L/yr 46% more	18 job openings
L&T Finance Collections Manager Salary 6 - 10 years exp. (6 salaries)	₹5.5 L/yr - ₹8 L/yr 52% more
Aditya Birla Finance Collections Manager Salary 3 - 11 years exp. (10 salaries)	₹3.9 L/yr - ₹8.5 L/yr 61% more
Mahindra Rural Housing Finance Collections Manager Salary 3 - 7 years exp. (6 salaries)	₹1.8 L/yr - ₹3.6 L/yr 30% less
Bajaj Housing Finance Collections Manager Salary 7 - 10 years exp. (5 salaries)	₹4 L/yr - ₹8.3 L/yr 43% more
Tata Capital Housing Finance Collections Manager Salary 9 - 12 years exp. (3 salaries)	₹6 L/yr - ₹6.7 L/yr 52% more

Collections Manager salary at Kotak Mahindra Prime ranges between ₹3.2 Lakhs to ₹5.2 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Prime.

Experience wise Kotak Mahindra Prime Collections Manager salaries in Chennai

Last Updated: 25 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5.2 L/yr

Similar Designation salaries in Kotak Mahindra Prime

Relationship Manager Salary

(20 salaries)

₹2 L/yr - ₹7.9 L/yr

Cluster Manager Salary

(5 salaries)

₹6.65 L/yr - ₹9.5 L/yr

Branch Collection Manager Salary

(3 salaries)

₹6.5 L/yr - ₹8.8 L/yr

Collection Officer Salary

(3 salaries)

₹2.75 L/yr - ₹3.35 L/yr

Salary related reviews for Kotak Mahindra Prime

Deputy Manager in Ajmer

Full Time

Sales & Business Development Department

3.0

• posted on 26 Jul 2024

2.0

for Salary and Benefits

Likes

Job stability, transfers, open door policy.

Dislikes

No Promotion policy is defined or followed. No considerable salary hike. You can be sitting at the same salary forever if you don’t switch. Office politics cannot even be described in words. No bonus.

Deputy Manager in Goregaon

Other Department

3.0

• posted on 24 Jan 2021

2.0

for Salary and Benefits

Likes

Great company culture. No pay cuts even in pandemic times. Overall great company to work. But the growth prospects is very slow. Yearly appraisals are below expectations.

Dislikes

Mid management involved in politics and favourism based on religion.

Relationship Manager in Nagpur

Finance Department

5.0

• posted on 24 Jan 2020

4.0

for Salary and Benefits

Likes

... and the culture of the company is excellent, teammates and Superiors are very supportive, need to chnge salary structure, appraisal ratings are too good, learning policies are advanced, work environment is excellent, excellent company for work satisfaction and stability,

Dislikes

Salary structure need to be change

Senior Manager in Goregaon

Full Time

Finance & Accounting Department

4.0

• posted on 09 May 2023

3.0

for Salary and Benefits

Likes

There is an open door policy,we can anytime directly interact with management.

Dislikes

The only point i would like to highlight is the company should think about salary structure for employee is very low compared to other banking industry. As per the grade the salary doesn't Match.

Senior Area Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Work culture, individual development, ownership, Job security hi level management recognition and appreciation is good.

Dislikes

Pay level and incentives not match with market but if our performance is good we get all things

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindra Prime Collections Manager Salary FAQs

What is the salary of Collections Manager at Kotak Mahindra Prime Chennai?

Collections Manager salary at Kotak Mahindra Prime in Chennai ranges between ₹3.2 Lakhs to ₹5.2 Lakhs for experience between 3 years to 6 years. According to our estimates it is 28% less than the average Collections Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Prime Chennai.

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

The average salary of a Collections Manager at Kotak Mahindra Prime is 28% less than the average salary of a Collections Manager in Chennai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Prime to a Collections Manager in Chennai?

Axis Bank Collections Manager Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Bank Collections Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Finance Collections Manager Salary - ₹3.9 Lakhs to ₹8.5 Lakhs per year
L&T Finance Collections Manager Salary - ₹5.5 Lakhs to ₹8.0 Lakhs per year
Tata Capital Housing Finance Collections Manager Salary - ₹6.0 Lakhs to ₹6.7 Lakhs per year

What is the salary of a Collections Manager in companies similar to Kotak Mahindra Prime in Chennai?

Tata Capital Collections Manager Salary - ₹3.2 Lakhs to ₹8.7 Lakhs per year
HDFC Bank Collections Manager Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
Bajaj Housing Finance Collections Manager Salary - ₹4.0 Lakhs to ₹8.3 Lakhs per year
Mahindra Rural Housing Finance Collections Manager Salary - ₹1.8 Lakhs to ₹3.6 Lakhs per year

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

The estimated take-home salary of a Collections Manager at Kotak Mahindra Prime ranges between ₹31,611 per month to ₹32,902 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Prime Collections Manager salary in India which ranges between ₹3.2 Lakhs to ₹5.2 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at Kotak Mahindra Prime in Chennai?

According to AmbitionBox, 100% of the Kotak Mahindra Prime Collections Managers in Chennai reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Prime Collections Manager Salaries in Chennai

Kotak Mahindra Prime Collections Manager salary in Chennai ranges between ₹3.2 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Prime latest salaries received from various employees of Kotak Mahindra Prime.