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Kotak Mahindra Bank Salaries in India (Updated 2025)

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Salaries by designations

Based on 84.2k salaries · Updated: 12 Jul 2025
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Designation Avg Annual Salary Open Jobs
0 - 13 years exp. (11.6k salaries)
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₹3.3 L/yr - ₹6.9 L/yr

0 - 13 years exp. (2.6k salaries)
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₹4 L/yr - ₹9 L/yr

13 job openings
3 - 21 years exp. (1.7k salaries)
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₹16.9 L/yr - ₹28 L/yr

3 - 15 years exp. (1.4k salaries)
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₹5.1 L/yr - ₹11.5 L/yr

7 - 20 years exp. (1.1k salaries)
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₹12.6 L/yr - ₹22 L/yr

4 job openings
0 - 10 years exp. (1.1k salaries)
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₹6.5 L/yr - ₹12.6 L/yr

4 job openings
0 - 6 years exp. (890 salaries)
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₹2 L/yr - ₹4.7 L/yr

0 - 6 years exp. (885 salaries)
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₹1.5 L/yr - ₹4.5 L/yr

0 - 6 years exp. (864 salaries)
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₹1.5 L/yr - ₹4.5 L/yr

0 - 10 years exp. (832 salaries)
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₹2.6 L/yr - ₹7 L/yr

0 - 12 years exp. (812 salaries)
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₹3.8 L/yr - ₹9 L/yr

2 job openings
0 - 10 years exp. (783 salaries)
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₹3.5 L/yr - ₹8 L/yr

7 - 19 years exp. (780 salaries)
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₹14 L/yr - ₹23.7 L/yr

0 - 6 years exp. (725 salaries)
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₹2 L/yr - ₹5.5 L/yr

4 job openings
0 - 5 years exp. (709 salaries)
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₹1.8 L/yr - ₹4.3 L/yr

8 - 23 years exp. (630 salaries)
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₹23.5 L/yr - ₹39 L/yr

0 - 11 years exp. (583 salaries)
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₹11.9 L/yr - ₹21 L/yr

1 job opening
4 - 13 years exp. (493 salaries)
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₹5.1 L/yr - ₹11.3 L/yr

0 - 13 years exp. (429 salaries)
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₹5.3 L/yr - ₹11 L/yr

2 - 11 years exp. (382 salaries)
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₹9.8 L/yr - ₹16.4 L/yr

Latest salaries by Kotak Mahindra Bank employees

1d ago

Senior Manager

10 years exp.

₹10 Lakhs
1d ago

Deputy Vice President

13 years exp.

₹36.3 Lakhs
1d ago

Manager

8 years exp.

₹7 Lakhs
1d ago

Product Manager

3 years exp.

₹22 Lakhs
1d ago

Deputy Manager

11 years exp.

₹7 Lakhs
1d ago

Branch Sales Manager

9 years exp.

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1d ago

Senior Vice President

20 years exp.

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1d ago

Associate Vice President

17 years exp.

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1d ago

Assistant Manager 1

3 years exp.

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1d ago

Deputy Manager Grade 2

4 years exp.

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View all latest salaries

Top trending discussions

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Salary Discussions, Hike & Promotions
6d
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

3.4

Rated by 19.3k employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  updated on 27 Jun 2025

5.0
 for  Salary and Benefits

Likes

positive work culture, opportunities for career growth, and supportive management

  • Salary - Excellent
  • +5 more

Dislikes

low salary and benefits compared to market standards, a demanding work environment with long hours and pressure, and a perceived lack of work-life balance

read more

Full Time

 · 

Sales & Business Development Department

1.0
  •  updated on 24 Apr 2025

3.0
 for  Salary and Benefits

Likes

Only positive part was a decent salary as a fresher.

Dislikes

First- pathetic work culture. Managers will abuse you to such an extent that you will end up resigning if you have dignity and self respect. Second - other than selling life insurance and general insurance you won't be getting any other work. As a fresher there is no learning even managers work was only to meet customers and sell life insurance. Third- no growth untill you achive unrealistic targets in a year then also you have to meet so many conditions to get promoted which is never gonna happen so you end up in the same position for atleast 2 or 3 years with mere 3-4% hike. Fourth - worst bank in terms of customer centric policies and approaches . Every customer only complains due to its pathetic products and customer service. Fifth- no work life balance . Manager will call you at night or make you sit on the office for not achieving stupid targets. Advice- As a fresher don't go to private banks especially kotak as they will only put you in sales and expect you to do the same amount of work which their 10+ yrs of experienced RMs doing.

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  updated on 18 Apr 2025

3.0
 for  Salary and Benefits

Likes

Support and encouragement is and employees coordination and bonding with colleagues work culture is so good.

  • Job security - Excellent
  • +2 more

Dislikes

Not good salary hikes we have make buckets to managers who will put more bucket they will get good hikes ad promotions, Thier is no promotions for hardwork

read more
  • Promotions - Poor

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.

read more
  • Salary - Poor

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  updated on 05 Apr 2025

1.0
 for  Salary and Benefits

Likes

About job security and achievable targets

  • Skill development - Good
  • +3 more

Dislikes

It is pathetic how they differentiate the salary of new employee and the old employee example if you are the subject matter expert or team leader your salary is less that of new employee who has joined now So there should equality in that I don't think HR is look in to it even he never replies or talk with us.

read more
  • Salary - Bad
see more salary related reviews

Kotak Mahindra Bank Salary FAQs

How much does Kotak Mahindra Bank pay to its employees?
The average annual salary at Kotak Mahindra Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Kotak Mahindra Bank, are as follows:

Deputy Manager ₹3.3 Lakhs to ₹6.9 Lakhs per year
Relationship Manager ₹4 Lakhs to ₹9 Lakhs per year
Associate Vice President ₹16.9 Lakhs to ₹28 Lakhs per year
Brach Operation Manager ₹5.1 Lakhs to ₹11.5 Lakhs per year

The highest-paying role, Senior Executive Vice President, earns between ₹1 Crore to ₹2.5 Crores per year. The top 10% of employees earn more than ₹15 Lakhs per year, and the top 1% earn over ₹40 Lakhs per year. 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 salary estimates are based on data from 84.2k salaries submitted by Kotak Mahindra Bank employees. Kotak Mahindra Bank is rated 3.4 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Kotak Mahindra Bank in India?
The salary of a fresher at Kotak Mahindra Bank in India typically ranges from ₹1 Lakh to ₹21 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Deputy Manager Salary ₹3.5 Lakhs to ₹6.9 Lakhs per year
Fresher as a Relationship Manager Salary ₹4 Lakhs to ₹7 Lakhs per year
Fresher as a Junior Associate Salary ₹1.5 Lakhs to ₹3.5 Lakhs per year
Fresher as a Sales Executive Salary ₹1.5 Lakhs to ₹3.6 Lakhs per year

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Average annual salary in Kotak Mahindra Bank is INRunlock blur . Salary estimates are based on 84000+ Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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