Kotak Mahindra Bank Service Manager Salaries by 200+ Employees (Updated 2025)

2 - 16 years exp.

₹4.2 Lakhs - ₹12.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

Service Manager Salary at Kotak Mahindra Bank ranges between ₹4.2 Lakhs to ₹12.4 Lakhs per year for employees with experience between 2 years to 16 years. Salary estimates are based on 217 latest salaries received... Read more

At par with the average Service Manager Salary in Banking Companies for 2 - 16 years of experience

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Last Updated: 12 Jul 2025

Companies similar to Kotak Mahindra Bank for Service Manager

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Service Manager Salary 2 - 14 years exp. (84 salaries)	₹4.7 L/yr - ₹10.5 L/yr 7% less
IndusInd Bank Service Manager Salary 2 - 7 years exp. (84 salaries)	₹3 L/yr - ₹6.5 L/yr 41% less	1 job opening
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HDFC Bank Service Manager Salary 3 - 10 years exp. (61 salaries)	₹3.7 L/yr - ₹7.5 L/yr 33% less

ICICI Bank Service Manager Salary 1 - 8 years exp. (53 salaries)	₹3.5 L/yr - ₹8.2 L/yr 33% less	3 job openings
Axis Bank Service Manager Salary 1 - 13 years exp. (46 salaries)	₹4.5 L/yr - ₹11.3 L/yr 8% less
State Bank of India Service Manager Salary 3 - 12 years exp. (25 salaries)	₹9 L/yr - ₹15.4 L/yr 37% more
RBL Bank Service Manager Salary 0 - 11 years exp. (23 salaries)	₹2.9 L/yr - ₹8.2 L/yr 42% less
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Yes Bank Service Manager Salary 2 - 10 years exp. (21 salaries)	₹3.7 L/yr - ₹8.2 L/yr 30% less

IDFC FIRST Bank Service Manager Salary 3 - 8 years exp. (17 salaries)	₹3.5 L/yr - ₹7.6 L/yr 34% less
Deutsche Bank Service Manager Salary 4 - 11 years exp. (15 salaries)	₹5.9 L/yr - ₹14.5 L/yr 18% more
AU Small Finance Bank Service Manager Salary 0 - 10 years exp. (12 salaries)	₹3.8 L/yr - ₹8.6 L/yr 28% less
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Barclays Service Manager Salary 1 - 20 years exp. (10 salaries)	₹12.7 L/yr - ₹22.9 L/yr 105% more
NatWest Group Service Manager Salary 3 - 18 years exp. (7 salaries)	₹2.1 L/yr - ₹26.8 L/yr 55% more
Equitas Small Finance Bank Service Manager Salary 1 - 9 years exp. (4 salaries)	₹3 L/yr - ₹3.3 L/yr 62% less
DCB Bank Service Manager Salary 0 - 12 years exp. (4 salaries)	₹3 L/yr - ₹5.9 L/yr 55% less

From

Service Manager

₹

Lakhs/yr

2 - 16 years exp.

Regional Sales Manager

₹

Lakhs/yr

14 - 21 years exp.

Service Manager

2 - 16 years exp.

Branch Manager

7 - 20 years exp.

104% hike

Area Business Manager

9 - 20 years exp.

6% hike

From

View 3 more levels

Service Manager

2 - 16 years exp.

Senior Regional Business Manager

Salary unavailable

From

View 1 more level

Service Manager

2 - 16 years exp.

Regional Asset Manager

15 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Latest annual salaries shared by Kotak Mahindra Bank Service Manager

4d ago

₹4.9 Lakhs

2 years exp.

5d ago

₹12 Lakhs

12 years exp.

6d ago

₹5.8 Lakhs

7 years exp.

1w ago

₹3.3 Lakhs

3 years exp.

1w ago

₹9 Lakhs

8 years exp.

1w ago

14 years exp.

1w ago

10 years exp.

2w ago

8 years exp.

2w ago

13 years exp.

2w ago

15 years exp.

Kotak Mahindra Bank Service Manager salaries by

Years of experience	Avg. annual salary
2 years (13 salaries)	₹4.2 L/yr - ₹5.4 L/yr
3 years (22 salaries)	₹4.2 L/yr - ₹7 L/yr
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4 years (20 salaries)	₹4.2 L/yr - ₹7.2 L/yr
5 years (19 salaries)	₹4.2 L/yr - ₹7.8 L/yr
6 years (28 salaries)	₹4.2 L/yr - ₹9.5 L/yr
7 years (16 salaries)	₹4.3 L/yr - ₹10 L/yr
8 years (15 salaries)	₹5.6 L/yr - ₹10 L/yr
9 years (8 salaries)	₹5.3 L/yr - ₹11.7 L/yr
10 years (13 salaries)	₹5.5 L/yr - ₹12.4 L/yr
11 years (13 salaries)	₹6.5 L/yr - ₹12.4 L/yr
12 years (22 salaries)	₹8.3 L/yr - ₹12.4 L/yr
13 years (12 salaries)	₹8.5 L/yr - ₹12.4 L/yr
14 years (8 salaries)	₹8.6 L/yr - ₹12.4 L/yr
15+ years (8 salaries)	₹11.5 L/yr - ₹12.4 L/yr

View all salaries by experience

Similar Designation Salaries at Kotak Mahindra Bank

Similar Designation	Avg. annual salary
Area Service Manager Salary (4 salaries)	₹3 L/yr - ₹8.8 L/yr
Zonal Service Manager Salary (AmbitionBox Estimate)	₹24.6 L/yr - ₹31.4 L/yr
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Service Engineer Salary (12 salaries)	₹27.6 L/yr - ₹40 L/yr
Service Advisor Salary (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
Area Manager Salary (102 salaries)	₹7.3 L/yr - ₹30.2 L/yr
Service Head Salary (4 salaries)	₹3.3 L/yr - ₹24.5 L/yr
Center Manager Salary (4 salaries)	₹6.3 L/yr - ₹9.1 L/yr
Deputy Manager Salary (11.6k salaries)	₹1.7 L/yr - ₹8 L/yr
Territory Manager Salary (49 salaries)	₹5.6 L/yr - ₹15.5 L/yr
Sales Manager Salary (814 salaries)	₹2.3 L/yr - ₹11 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions

a full stack developer

No Salary Discussion in My Appraisal — What’s Your Experience?

In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?

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Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 48 employees for salary & benefits

Deputy Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• updated on 15 Apr 2025

2.0

for Salary and Benefits

Likes

Work friendly with team members.

Skill development - Good

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.

Salary - Poor

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• updated 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

• updated 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

• updated 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

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• updated 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.

Skill development - Poor

+1 more

see more salary related reviews

Kotak Mahindra Bank Service Manager Salary FAQs

What is the salary of Service Manager at Kotak Mahindra Bank ?

The average salary of a Service Manager at Kotak Mahindra Bank in India typically ranges from ₹4.2 Lakhs to ₹12.4 Lakhs per year, depending on experience (from 2 years to 16 years).

The top 10% of Service Manager at Kotak Mahindra Bank earn more than ₹12.2 Lakhs per year, and the top 1% earn over ₹14.7 Lakhs per year. Service Manager 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 200+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Service Manager at Kotak Mahindra Bank in India typically ranges from ₹60,703 to ₹62,239 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹12.4 Lakhs per year for employees with experience ranging from 2 years to 16 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 200+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Service Manager at Kotak Mahindra Bank ?

Branch Operations is a popular skill required to work as a Service Manager at Kotak Mahindra Bank.

Which companies offer higher salaries than Kotak Mahindra Bank for Service Manager in India?

Barclays	₹12.7 Lakhs to ₹22.9 Lakhs per year
NatWest Group	₹2.1 Lakhs to ₹26.8 Lakhs per year
State Bank of India	₹9.0 Lakhs to ₹15.4 Lakhs per year
Deutsche Bank	₹5.9 Lakhs to ₹14.5 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 Service Manager in companies similar to Kotak Mahindra Bank in India?

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

Standard Chartered	₹4.7 Lakhs to ₹10.5 Lakhs per year
Axis Bank	₹4.5 Lakhs to ₹11.3 Lakhs per year
AU Small Finance Bank	₹3.8 Lakhs to ₹8.6 Lakhs per year
Yes Bank	₹3.7 Lakhs to ₹8.2 Lakhs per year
ICICI Bank	₹3.5 Lakhs to ₹8.2 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 Service Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
2 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
3 years	₹4.2 Lakhs to ₹7.0 Lakhs per year
4 years	₹4.2 Lakhs to ₹7.2 Lakhs per year
5 years	₹4.2 Lakhs to ₹7.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Service Manager Salaries by Location

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Kotak Mahindra Bank Service Manager Salaries

Kotak Mahindra Bank Service Manager salary in India ranges between ₹4.2 Lakhs to ₹12.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 217 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Service Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Service Manager

Latest annual salaries shared by Kotak Mahindra Bank Service Manager

Kotak Mahindra Bank Service Manager salaries by

Similar Designation Salaries at Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Hyderabad / Secunderabad

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Service Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Service Manager Salaries by Location