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Kotak Mahindra Bank Assistant Vice President salaries in India (Updated 2025)

Annual salary range
6 - 19 years exp.
₹11.3 Lakhs - ₹34 Lakhs
Salary of majority employees
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Fixed (89%)
₹18.2 Lakhs
Variable (11%)
₹2.3 Lakhs
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31% less than the average Assistant Vice President Salary in Banking Companies for 6 - 19 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading
Assistant Vice President Salary
6 - 19 years exp. (88 salaries)
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₹12 L/yr - ₹33 L/yr

Finance & Accounting
Assistant Vice President Salary
6 - 17 years exp. (25 salaries)
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₹11.5 L/yr - ₹31 L/yr

Product Management
Assistant Vice President Salary
6 - 18 years exp. (17 salaries)
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₹12 L/yr - ₹33 L/yr

Sales & Business Development
Assistant Vice President Salary
9 - 17 years exp. (17 salaries)
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₹13.5 L/yr - ₹32.5 L/yr

Customer Success, Service & Operations
Assistant Vice President Salary
9 - 18 years exp. (14 salaries)
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₹11.3 L/yr - ₹29 L/yr

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Last Updated: 20 Mar 2025

Companies similar to Kotak Mahindra Bank for Assistant Vice President

Company name Avg Annual Salary Open Jobs
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Axis Bank Assistant Vice President Salary

6 - 23 years exp. (3.2k salaries)

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₹12 L/yr - ₹42 L/yr

arrow icon 21% more
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HDFC Bank Assistant Vice President Salary

6 - 24 years exp. (2.2k salaries)

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₹10 L/yr - ₹40 L/yr

arrow icon 21% more
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Yes Bank Assistant Vice President Salary

4 - 21 years exp. (1.8k salaries)

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₹8 L/yr - ₹28.6 L/yr

arrow icon 19% less
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IndusInd Bank Assistant Vice President Salary

6 - 21 years exp. (746 salaries)

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₹7.5 L/yr - ₹25 L/yr

arrow icon 21% less
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RBL Bank Assistant Vice President Salary

6 - 19 years exp. (388 salaries)

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₹10 L/yr - ₹30.7 L/yr

arrow icon 6% less
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IDFC FIRST Bank Assistant Vice President Salary

10 - 21 years exp. (232 salaries)

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₹15 L/yr - ₹50 L/yr

arrow icon 47% more
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Bandhan Bank Assistant Vice President Salary

11 - 20 years exp. (165 salaries)

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₹9.6 L/yr - ₹35 L/yr

arrow icon 7% more
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₹16 L/yr - ₹47 L/yr

arrow icon 54% more
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Shinhan Bank Assistant Vice President Salary

10 - 17 years exp. (46 salaries)

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₹10.6 L/yr - ₹25 L/yr

arrow icon 17% less
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₹19 L/yr - ₹40 L/yr

arrow icon 38% more
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Assistant Vice President salary at Kotak Mahindra Bank ranges between ₹11.3 Lakhs to ₹34 Lakhs per year for employees with experience between 6 years to 19 years. Salary estimates are based on 246 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Vice President

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15 years exp.
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14 years exp.
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11 years exp.
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18 years exp.

Experience wise Kotak Mahindra Bank Assistant Vice President salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
6 years  (12 salaries)

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₹13 L/yr - ₹32 L/yr
7 years  (7 salaries)

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₹16.5 L/yr - ₹33 L/yr
8 years  (11 salaries)

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₹17 L/yr - ₹34 L/yr
9 years  (17 salaries)

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₹13.5 L/yr - ₹34 L/yr
10 years  (32 salaries)

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₹12 L/yr - ₹33 L/yr
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Kotak Mahindra Bank Assistant Vice President Salary and Career Growth

From

To

Assistant Vice President

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6 - 19 years exp.

Senior Vice President

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15 - 24 years exp.

Assistant Vice President

6 - 19 years exp.
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Deputy Vice President

8 - 22 years exp.
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arrow icon 34% hike

Vice President

12 - 21 years exp.
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arrow icon 52% hike
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.

Similar Designation salaries in Kotak Mahindra Bank

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₹2.4 L/yr - ₹3 L/yr
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₹47 L/yr - ₹52 L/yr
Technical Lead Salary
(8 salaries)
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₹20.2 L/yr - ₹64 L/yr
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₹6 L/yr - ₹16 L/yr
Technical Specialist Salary
(AmbitionBox Estimate)
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₹19.4 L/yr - ₹24.7 L/yr
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₹8.5 L/yr - ₹20.5 L/yr
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₹11.79 L/yr - ₹23 L/yr
Test Lead Salary
(3 salaries)
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₹12.5 L/yr - ₹25 L/yr
Lead Software Engineer Salary
(AmbitionBox Estimate)
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₹27.5 L/yr - ₹35.1 L/yr
Project Lead Salary
(3 salaries)
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₹11.65 L/yr - ₹15.5 L/yr

Top skills at Kotak Mahindra Bank for Assistant Vice President

Insurance Operations Sales Promotion Back Office Operations Ca Vendor Management TDS Financial operations Risk Management Backend Operations Fixed Income KYC Claims Adjudication Digital Marketing RTGS Aml

Salary related reviews for Kotak Mahindra Bank

3.4

Rated by 27 employees for salary & benefits

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

Procurement & Supply Chain Department

4.0
  •  posted on 03 Feb 2018

3.0
 for  Salary and Benefits

Likes

1)Adopts latest technology. 2)complaints handling is good,especially in internal audit.

  • Skill development - Good

Dislikes

...m area managers for insurance business and no proper support to bank managers. 3)More work ,less salary packages . 4)so Many windows for loans and advances which leads to customer dissatisfaction. 5)daily 3-4 conference calls,which effects customer service.

read more

Full Time

 · 

Project & Program Management Department

2.0
  •  posted on 27 Dec 2024

2.0
 for  Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 08 May 2023

2.0
 for  Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

  • Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 03 Apr 2021

1.0
 for  Salary and Benefits

Likes

Job security

  • Job security - Good

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

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  • Salary - Bad
  • +3 more
see more salary related reviews

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Kotak Mahindra Bank Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at Kotak Mahindra Bank ?
The average salary of a Assistant Vice President at Kotak Mahindra Bank in India typically ranges from ₹11.3 Lakhs to ₹34.0 Lakhs per year, depending on experience (from 6 years to 19 years).

The top 10% of Assistant Vice President at Kotak Mahindra Bank earn more than ₹29.0 Lakhs per year, and the top 1% earn over ₹36.0 Lakhs per year. Assistant Vice President 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 Assistant Vice President at Kotak Mahindra Bank in India?
The estimated take-home salary of a Assistant Vice President at Kotak Mahindra Bank in India typically ranges from ₹1,34,171 to ₹1,39,101 per month. This is based on the average salary range of ₹11.3 Lakhs to ₹34.0 Lakhs per year for employees with experience ranging from 6 years to 19 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 Assistant Vice President at Kotak Mahindra Bank ?
To be a Assistant Vice President at Kotak Mahindra Bank in india, the key skills required include:

  • - Insurance Operations
  • - Sales Promotion
  • - Back Office Operations
  • - Ca
  • - Vendor Management

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindra Bank for Assistant Vice President in India?
HSBC Global Banking and Markets ₹16.0 Lakhs to ₹47.0 Lakhs per year
South Indian Bank ₹20.0 Lakhs to ₹38.0 Lakhs per year
IDFC FIRST Bank ₹15.0 Lakhs to ₹50.0 Lakhs per year
Federal Bank ₹14.0 Lakhs to ₹42.0 Lakhs per year
Barclays Investment Bank ₹19.0 Lakhs to ₹40.0 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 Vice President in companies similar to Kotak Mahindra Bank in India?
The salary of a Assistant Vice President at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank ₹10.0 Lakhs to ₹40.0 Lakhs per year
Axis Bank ₹12.0 Lakhs to ₹42.0 Lakhs per year
City Union Bank ₹22.0 Lakhs to ₹23.0 Lakhs per year
ICICI Bank ₹13.1 Lakhs to ₹36.0 Lakhs per year
Bandhan Bank ₹9.6 Lakhs to ₹35.0 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 Assistant Vice President at Kotak Mahindra Bank in India?
The salary growth for a Assistant Vice President at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Assistant Vice President can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
6 years ₹13.0 Lakhs to ₹32.0 Lakhs per year
7 years ₹16.5 Lakhs to ₹33.0 Lakhs per year
8 years ₹17.0 Lakhs to ₹34.0 Lakhs per year
9 years ₹13.5 Lakhs to ₹34.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Assistant Vice President salary in India ranges between ₹11.3 Lakhs to ₹34 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 246 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.