Kotak Mahindra Bank Assistant Credit Manager Salaries by 20+ Employees (Updated 2025)

0 - 7 years exp.

₹2 Lakhs - ₹4.1 Lakhs

Salary of majority employees

18% less than the average Assistant Credit Manager Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Credit Manager Salary 1 - 6 years exp. (10 salaries)	₹2 L/yr - ₹4.1 L/yr
Finance & Accounting Assistant Credit Manager Salary 0 - 6 years exp. (6 salaries)	₹2.9 L/yr - ₹4 L/yr
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Customer Success, Service & Operations Assistant Credit Manager Salary 3 - 5 years exp. (3 salaries)	₹3.2 L/yr - ₹3.8 L/yr

Last Updated: 16 Mar 2025

Companies similar to Kotak Mahindra Bank for Assistant Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Credit Manager Salary 1 - 5 years exp. (60 salaries)	₹2.4 L/yr - ₹9 L/yr 26% more
Ujjivan Small Finance Bank Assistant Credit Manager Salary 2 - 8 years exp. (43 salaries)	₹3.3 L/yr - ₹7.9 L/yr 54% more
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Axis Bank Assistant Credit Manager Salary 0 - 7 years exp. (37 salaries)	₹2.7 L/yr - ₹5.5 L/yr 15% more
ICICI Bank Assistant Credit Manager Salary 0 - 6 years exp. (14 salaries)	₹1.5 L/yr - ₹3.8 L/yr 35% less
IDFC FIRST Bank Assistant Credit Manager Salary 1 - 7 years exp. (14 salaries)	₹4 L/yr - ₹6.2 L/yr 24% more
Jana Small Finance Bank Assistant Credit Manager Salary 3 - 9 years exp. (13 salaries)	₹3.1 L/yr - ₹5 L/yr 13% more
Bandhan Bank Assistant Credit Manager Salary 0 - 2 years exp. (9 salaries)	₹2 L/yr - ₹4.5 L/yr At par
Karur Vysya Bank Assistant Credit Manager Salary 7 - 10 years exp. (8 salaries)	₹10 L/yr - ₹13 L/yr 200% more
Union Bank of India Assistant Credit Manager Salary 1 - 8 years exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 127% more
Utkarsh Small Finance Bank Assistant Credit Manager Salary 1 - 6 years exp. (7 salaries)	₹2.4 L/yr - ₹3.6 L/yr 13% less
IDBI Bank Assistant Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹10 L/yr - ₹16 L/yr 252% more
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IndusInd Bank Assistant Credit Manager Salary 2 - 4 years exp. (6 salaries)	₹2 L/yr - ₹4 L/yr 6% less
Bank of Baroda Assistant Credit Manager Salary 1 - 5 years exp. (6 salaries)	₹7 L/yr - ₹12 L/yr 181% more
Yes Bank Assistant Credit Manager Salary 0 - 2 years exp. (5 salaries)	₹4 L/yr - ₹5 L/yr 23% more
Central Bank of India Assistant Credit Manager Salary 4 - 7 years exp. (5 salaries)	₹7.1 L/yr - ₹11.8 L/yr 160% more
South Indian Bank Assistant Credit Manager Salary 8 years exp. (5 salaries)	₹7 L/yr - ₹10.8 L/yr 152% more
Federal Bank Assistant Credit Manager Salary 3 - 10 years exp. (4 salaries)	₹10.5 L/yr - ₹12 L/yr 216% more
City Union Bank Assistant Credit Manager Salary 3 - 7 years exp. (4 salaries)	₹7 L/yr - ₹7.5 L/yr 92% more
Canara Bank Assistant Credit Manager Salary 7 - 8 years exp. (3 salaries)	₹14.5 L/yr - ₹15 L/yr 309% more

Assistant Credit Manager salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Credit Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹5.9 L/yr
1 year (3 salaries)	₹2.5 L/yr - ₹6.1 L/yr
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2 years (4 salaries)	₹2 L/yr - ₹6.2 L/yr
3 years (3 salaries)	₹3.1 L/yr - ₹6.4 L/yr
4 years (5 salaries)	₹3.2 L/yr - ₹4.1 L/yr
5 years (3 salaries)	₹3.1 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.1 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Regional Credit Manager Salary

(27 salaries)

₹16.2 L/yr - ₹30 L/yr

Area Credit Manager Salary

(73 salaries)

₹6.5 L/yr - ₹23.6 L/yr

Cluster Credit Manager Salary

(4 salaries)

₹7 L/yr - ₹13.5 L/yr

Branch Credit Manager Salary

(20 salaries)

₹4.85 L/yr - ₹9.5 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹30.5 L/yr - ₹42.5 L/yr

Deputy Credit Manager Salary

(21 salaries)

₹3.75 L/yr - ₹6 L/yr

Credit Manager Salary

(1k salaries)

₹3.8 L/yr - ₹15 L/yr

Senior Credit Officer Salary

(3 salaries)

₹2.8 L/yr - ₹3.4 L/yr

Relationship Manager Salary

(2.3k salaries)

₹1.5 L/yr - ₹10 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹26 L/yr

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 6 employees for salary & benefits

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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.

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.

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

• 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.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Assistant Credit Manager Salary FAQs

What is the salary of Assistant Credit Manager at Kotak Mahindra Bank ?

The average salary of a Assistant Credit Manager at Kotak Mahindra Bank in India typically ranges from ₹2.0 Lakhs to ₹4.1 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Assistant Credit Manager at Kotak Mahindra Bank earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Assistant Credit 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Assistant Credit Manager at Kotak Mahindra Bank in India typically ranges from ₹26,636 to ₹28,051 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from Fresher to 7 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 20+ 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 Assistant Credit Manager in India?

Canara Bank	₹14.5 Lakhs to ₹15.0 Lakhs per year
IDBI Bank	₹10.0 Lakhs to ₹16.0 Lakhs per year
Federal Bank	₹10.5 Lakhs to ₹12.0 Lakhs per year
Karur Vysya Bank	₹10.0 Lakhs to ₹13.0 Lakhs per year
Bank of Baroda	₹7.0 Lakhs to ₹12.0 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 Assistant Credit Manager in companies similar to Kotak Mahindra Bank in India?

The salary of a Assistant Credit 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:

Central Bank of India	₹7.1 Lakhs to ₹11.8 Lakhs per year
South Indian Bank	₹7.0 Lakhs to ₹10.8 Lakhs per year
Union Bank of India	₹4.5 Lakhs to ₹13.0 Lakhs per year
City Union Bank	₹7.0 Lakhs to ₹7.5 Lakhs per year
Ujjivan Small Finance Bank	₹3.3 Lakhs to ₹7.9 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 Assistant Credit Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹5.9 Lakhs per year
1 year	₹2.5 Lakhs to ₹6.1 Lakhs per year
2 years	₹2.0 Lakhs to ₹6.2 Lakhs per year
3 years	₹3.1 Lakhs to ₹6.4 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Credit Manager Salaries

Kotak Mahindra Bank Assistant Credit Manager salary in India ranges between ₹2 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.