Kotak Mahindra Bank Deputy Manager II Salaries by 50+ Employees (Updated 2025)

3 - 6 years exp.

₹3.1 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

Deputy Manager II Salary at Kotak Mahindra Bank ranges between ₹3.1 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 59 latest salaries... Read more

35% less than the average Deputy Manager II Salary in Banking Companies for 3 - 6 years of experience

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Last Updated: 13 Apr 2025

Companies similar to Kotak Mahindra Bank for Deputy Manager II

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager II Salary 0 - 14 years exp. (2k salaries)	₹2.8 L/yr - ₹11 L/yr 53% more
IndusInd Bank Deputy Manager II Salary 3 - 9 years exp. (63 salaries)	₹2.8 L/yr - ₹7 L/yr 5% less
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HDFC Bank Deputy Manager II Salary 3 - 8 years exp. (52 salaries)	₹3.5 L/yr - ₹8 L/yr 21% more
Axis Bank Deputy Manager II Salary 1 - 9 years exp. (27 salaries)	₹3 L/yr - ₹8.3 L/yr 20% more
IDFC FIRST Bank Deputy Manager II Salary 0 - 7 years exp. (12 salaries)	₹4.4 L/yr - ₹8.4 L/yr 21% more
Yes Bank Deputy Manager II Salary 4 - 10 years exp. (11 salaries)	₹4 L/yr - ₹7.5 L/yr 29% more
Ujjivan Small Finance Bank Deputy Manager II Salary 2 - 8 years exp. (9 salaries)	₹3 L/yr - ₹6 L/yr 20% less
Bandhan Bank Deputy Manager II Salary 4 - 15 years exp. (6 salaries)	₹4.2 L/yr - ₹5.5 L/yr 6% more
RBL Bank Deputy Manager II Salary 0 - 6 years exp. (4 salaries)	₹5 L/yr - ₹6 L/yr 11% more
State Bank of India Deputy Manager II Salary 5 - 7 years exp. (4 salaries)	₹18 L/yr - ₹25.8 L/yr 364% more

Latest annual salaries shared by Kotak Mahindra Bank Deputy Manager II

1mo ago

₹4.8 Lakhs

5 years exp.

2mo ago

₹4.3 Lakhs

3 years exp.

3mo ago

₹6.5 Lakhs

4 years exp.

3mo ago

₹6.5 Lakhs

3 years exp.

4mo ago

₹3.8 Lakhs

5 years exp.

5mo ago

5 years exp.

6mo ago

4 years exp.

7mo ago

4 years exp.

8mo ago

6 years exp.

9mo ago

3 years exp.

Kotak Mahindra Bank Deputy Manager II salaries by

Years of experience	Avg. annual salary
3 years (16 salaries)	₹3.5 L/yr - ₹6.5 L/yr
4 years (18 salaries)	₹3.1 L/yr - ₹6.5 L/yr
Login to view exact salary
5 years (15 salaries)	₹3.8 L/yr - ₹6 L/yr
6 years (10 salaries)	₹4.1 L/yr - ₹6.5 L/yr

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Top trending discussions

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Salary Discussions, Hike & Promotions

ambitiousflash

works at

Kalpataru Projects International

Unexpected Appraisal-2025

I am 24 years old for the last three years I have been working in the same company. My first appraisal was Excellent 45% when I was trainee engineer to Junior Engineer 2023, I learnt lots of things WTP automation, Planning, Projects Management,MEP, SAP etc. Second appraisal- as junior Engineer 2024 was poor they give me B-Grade 4.4% during this time I worked hard. Day night shift I was shocked why management give bad. I thought to my seniors they said we will give best. Third appraisal also same 4.4% as Junior Engineer to Assistant Engineer with C grade 2025 I am to disappoint with my top management my manager said to me, without my feedback top management give poor rating. then what will I do? My CTC is very low 2.98 LPA After this appraisal 3.13 LPA Please help me for carrier growth.

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Salary related reviews for Kotak Mahindra Bank

3.2

Rated by 13 employees for salary & benefits

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

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

see more salary related reviews

Kotak Mahindra Bank Deputy Manager II Salary FAQs

What is the salary of Deputy Manager II at Kotak Mahindra Bank ?

The average salary of a Deputy Manager II at Kotak Mahindra Bank in India typically ranges from ₹3.1 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Deputy Manager II at Kotak Mahindra Bank earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Deputy Manager II 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 50+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Deputy Manager II at Kotak Mahindra Bank in India?

The estimated take-home salary of a Deputy Manager II at Kotak Mahindra Bank in India typically ranges from ₹35,697 to ₹36,926 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 3 years to 6 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 50+ 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 Deputy Manager II in India?

State Bank of India	₹18.0 Lakhs to ₹25.8 Lakhs per year
ICICI Bank	₹2.8 Lakhs to ₹11.0 Lakhs per year
Yes Bank	₹4.0 Lakhs to ₹7.5 Lakhs per year
IDFC FIRST Bank	₹4.4 Lakhs to ₹8.4 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹8.0 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 Deputy Manager II in companies similar to Kotak Mahindra Bank in India?

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

Axis Bank	₹3.0 Lakhs to ₹8.3 Lakhs per year
RBL Bank	₹5.0 Lakhs to ₹6.0 Lakhs per year
Bandhan Bank	₹4.2 Lakhs to ₹5.5 Lakhs per year
IndusInd Bank	₹2.8 Lakhs to ₹7.0 Lakhs per year
Ujjivan Small Finance Bank	₹3.0 Lakhs to ₹6.0 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 Deputy Manager II at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
3 years	₹3.5 Lakhs to ₹6.5 Lakhs per year
4 years	₹3.1 Lakhs to ₹6.5 Lakhs per year
5 years	₹3.8 Lakhs to ₹6.0 Lakhs per year
6 years	₹4.1 Lakhs to ₹6.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Deputy Manager II Salaries

Kotak Mahindra Bank Deputy Manager II salary in India ranges between ₹3.1 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 59 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.