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Kotak Mahindra Bank Assistant Credit Manager salaries in India (Updated 2025)

Annual salary range
0 - 7 years exp.
₹2 Lakhs - ₹4.1 Lakhs
Salary of majority employees
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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)
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₹2 L/yr - ₹4.1 L/yr

Finance & Accounting
Assistant Credit Manager Salary
0 - 6 years exp. (6 salaries)
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₹2.9 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Assistant Credit Manager Salary
3 - 5 years exp. (3 salaries)
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₹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
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HDFC Bank Assistant Credit Manager Salary

1 - 5 years exp. (60 salaries)

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₹2.4 L/yr - ₹9 L/yr

arrow icon 26% more
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₹3.3 L/yr - ₹7.9 L/yr

arrow icon 54% more
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Axis Bank Assistant Credit Manager Salary

0 - 7 years exp. (37 salaries)

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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 15% more
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ICICI Bank Assistant Credit Manager Salary

0 - 6 years exp. (14 salaries)

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₹1.5 L/yr - ₹3.8 L/yr

arrow icon 35% less
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₹4 L/yr - ₹6.2 L/yr

arrow icon 24% more
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₹3.1 L/yr - ₹5 L/yr

arrow icon 13% more
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Bandhan Bank Assistant Credit Manager Salary

0 - 2 years exp. (9 salaries)

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₹2 L/yr - ₹4.5 L/yr

At par
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₹10 L/yr - ₹13 L/yr

arrow icon 200% more
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₹4.5 L/yr - ₹13 L/yr

arrow icon 127% more
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₹2.4 L/yr - ₹3.6 L/yr

arrow icon 13% less
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IDBI Bank Assistant Credit Manager Salary

4 - 8 years exp. (6 salaries)

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₹10 L/yr - ₹16 L/yr

arrow icon 252% more
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₹2 L/yr - ₹4 L/yr

arrow icon 6% less
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₹7 L/yr - ₹12 L/yr

arrow icon 181% more
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Yes Bank Assistant Credit Manager Salary

0 - 2 years exp. (5 salaries)

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₹4 L/yr - ₹5 L/yr

arrow icon 23% more
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₹7.1 L/yr - ₹11.8 L/yr

arrow icon 160% more
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₹7 L/yr - ₹10.8 L/yr

arrow icon 152% more
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Federal Bank Assistant Credit Manager Salary

3 - 10 years exp. (4 salaries)

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₹10.5 L/yr - ₹12 L/yr

arrow icon 216% more
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₹7 L/yr - ₹7.5 L/yr

arrow icon 92% more
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Canara Bank Assistant Credit Manager Salary

7 - 8 years exp. (3 salaries)

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₹14.5 L/yr - ₹15 L/yr

arrow icon 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.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Credit Manager

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Experience wise Kotak Mahindra Bank Assistant Credit Manager salaries

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.9 L/yr - ₹5.9 L/yr
1 year  (3 salaries)

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₹2.5 L/yr - ₹6.1 L/yr
2 years  (4 salaries)

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₹2 L/yr - ₹6.2 L/yr
3 years  (3 salaries)

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₹3.1 L/yr - ₹6.4 L/yr
4 years  (5 salaries)

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₹3.2 L/yr - ₹4.1 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

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₹16.2 L/yr - ₹30 L/yr
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₹6.5 L/yr - ₹23.6 L/yr
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₹7 L/yr - ₹13.5 L/yr
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₹4.85 L/yr - ₹9.5 L/yr
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₹30.5 L/yr - ₹42.5 L/yr
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₹3.75 L/yr - ₹6 L/yr
Credit Manager Salary
(1k salaries)
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₹3.8 L/yr - ₹15 L/yr
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₹2.8 L/yr - ₹3.4 L/yr
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₹1.5 L/yr - ₹10 L/yr
Branch Manager Salary
(1k salaries)
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₹7 L/yr - ₹26 L/yr

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 6 employees for salary & benefits

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.

read more
  • Work satisfaction - Poor
  • +2 more

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.

read more
  • Salary - Bad

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more
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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.

Tell us how to improve this page.

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