Kotak Mahindra Bank Associate Salaries by 1000+ Employees (Updated 2025)

0 - 6 years exp.

₹1.2 Lakh - ₹4.2 Lakhs

Salary of majority employees

66% less than the average Associate Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 0 - 6 years exp. (215 salaries)	₹1.2 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Associate Salary 0 - 6 years exp. (208 salaries)	₹1.2 L/yr - ₹4.2 L/yr
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Finance & Accounting Associate Salary 0 - 6 years exp. (170 salaries)	₹1.2 L/yr - ₹4.2 L/yr
Sales & Business Development Associate Salary 0 - 6 years exp. (85 salaries)	₹1.5 L/yr - ₹3.9 L/yr
Risk Management & Compliance Associate Salary 0 - 6 years exp. (32 salaries)	₹1.8 L/yr - ₹3.5 L/yr

Last Updated: 28 Jan 2025

Companies similar to Kotak Mahindra Bank for Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Associate Salary 0 - 6 years exp. (64 salaries)	₹1.5 L/yr - ₹8 L/yr 25% more
ICICI Bank Associate Salary 0 - 5 years exp. (116 salaries)	₹1.1 L/yr - ₹5 L/yr 11% more
Login to view exact salary
Axis Bank Associate Salary 0 - 7 years exp. (55 salaries)	₹1.8 L/yr - ₹5 L/yr 27% more
State Bank of India Associate Salary 1 - 7 years exp. (153 salaries)	₹3 L/yr - ₹10 L/yr 160% more
Yes Bank Associate Salary 1 - 8 years exp. (15 salaries)	₹1.2 L/yr - ₹6 L/yr 28% more
IndusInd Bank Associate Salary 1 - 8 years exp. (42 salaries)	₹1 L/yr - ₹7.5 L/yr 48% more
IDFC FIRST Bank Associate Salary 0 - 7 years exp. (570 salaries)	₹1.6 L/yr - ₹4.9 L/yr 20% more
RBL Bank Associate Salary 0 - 2 years exp. (8 salaries)	₹2.2 L/yr - ₹4.5 L/yr 19% more
Federal Bank Associate Salary 0 - 7 years exp. (151 salaries)	₹4 L/yr - ₹10 L/yr 162% more
Punjab National Bank Associate Salary 1 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹10 L/yr 100% more
Paytm Payments Bank Associate Salary 0 - 7 years exp. (418 salaries)	₹2 L/yr - ₹4.6 L/yr 28% more
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City Union Bank Associate Salary 0 - 5 years exp. (206 salaries)	₹2 L/yr - ₹5.2 L/yr 50% more
HSBC Global Banking and Markets Associate Salary 1 - 7 years exp. (76 salaries)	₹5.4 L/yr - ₹18.4 L/yr 360% more
Chase Bank Associate Salary 3 - 17 years exp. (8 salaries)	₹17 L/yr - ₹38 L/yr 795% more
South Indian Bank Associate Salary 1 - 3 years exp. (6 salaries)	₹4.7 L/yr - ₹7 L/yr 94% more
Bank of Baroda Associate Salary 2 - 10 years exp. (5 salaries)	₹5 L/yr - ₹12 L/yr 164% more
J&K Bank Associate Salary 1 - 5 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 106% more
IDBI Bank Associate Salary 1 - 7 years exp. (4 salaries)	₹0.9 L/yr - ₹2.8 L/yr 27% less
Barclays Investment Bank Associate Salary 0 - 9 years exp. (4 salaries)	₹5 L/yr - ₹11 L/yr 198% more
Jana Small Finance Bank Associate Salary 2 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹4 L/yr 1% less

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Associate salary at Kotak Mahindra Bank ranges between ₹1.2 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 1k latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate salaries

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
Fresher (110 salaries)	₹1.4 L/yr - ₹3.5 L/yr
1 year (260 salaries)	₹1.1 L/yr - ₹3.8 L/yr
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2 years (255 salaries)	₹1.3 L/yr - ₹4.2 L/yr
3 years (181 salaries)	₹1.4 L/yr - ₹4.2 L/yr
4 years (122 salaries)	₹1.6 L/yr - ₹4.2 L/yr
5 years (81 salaries)	₹1.5 L/yr - ₹4.1 L/yr
6 years (29 salaries)	₹1.9 L/yr - ₹3.6 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Senior Associate Salary

(118 salaries)

₹1.4 L/yr - ₹4 L/yr

Team Lead Salary

(413 salaries)

₹1.5 L/yr - ₹7 L/yr

Technical Lead Salary

(8 salaries)

₹20.2 L/yr - ₹64 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹52.3 L/yr - ₹57.8 L/yr

Associate Consultant Salary

(5 salaries)

₹2.4 L/yr - ₹3 L/yr

Web Developer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Senior Engineer Salary

(5 salaries)

₹3.94 L/yr - ₹14.5 L/yr

System Engineer Salary

(3 salaries)

₹3.5 L/yr - ₹15 L/yr

Java Developer Salary

(AmbitionBox Estimate)

₹0.1 L/yr - ₹0.1 L/yr

Project Engineer Salary

(3 salaries)

₹2.2 L/yr - ₹15 L/yr

Top skills at Kotak Mahindra Bank for Associate

Origination MA Valuation Investment Banking Operations Due Diligence

Salary related reviews for Kotak Mahindra Bank

3.2

Rated by 180 employees for salary & benefits

Associate in Chandigarh

Full Time

ARD Department

3.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

I have learned a lot by working in this organization. Company have given me free hand to use my skills which helps me to close some of complicated loan cases which could take years to resolve.

Salary - Good

+3 more

Dislikes

There is a lot of workload due to which you dont and have personal life and they font pay accordingly. One more thing they have bad conveyance expenses policy. Bank only pay Rs. 4 per kilometer upto level of M3 and there after yoy will get onle Rs. 7 per kilometer from Grade M4.

Work-life balance - Poor

Associate in Bangalore / Bengaluru

Finance & Accounting Department

2.0

• posted on 06 Dec 2018

1.0

for Salary and Benefits

Likes

In kotak mahindra there is a growth but there salary is very less and there is no no proper incentives and we will not receive salary on time. For employees there is no leave. We have to work like 24/7/365.

Dislikes

Same as above

Salary - Bad

+3 more

Associate in Tarn Taran

agriculture Department

4.0

• posted on 04 May 2018

3.0

for Salary and Benefits

Likes

the company is open to innovation and readily adopts latest technology

Skill development - Excellent

+3 more

Dislikes

compensation is decent but growth is slow. sometimes i have to work 14-18 hours straight in a day as i have to attend client calls in the early morning and evening and sometimes late into night

Associate in Mumbai

Credit card Operatoin Department

1.0

• posted on 30 Jul 2018

1.0

for Salary and Benefits

Likes

Job security

Dislikes

No salary increment for Associate level. Hr is least bothered about there job exit and no meeting even once in a year. No Overtime allowance. Travelling is too difficult if anyone is in Malad infinity park. No learning program for employees except manipal University program. Cafeteria is poor in Back office Malad. No proper training provided for employees.

Salary - Bad

+5 more

Team Lead in Bangalore / Bengaluru

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.

Salary - Poor

+1 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Associate Salary FAQs

What is the salary of Associate at Kotak Mahindra Bank?

Associate salary at Kotak Mahindra Bank in India ranges between ₹1.2 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 66% less than the average Associate Salary in India. Salary estimates are based on 1k latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Associate at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Associate at Kotak Mahindra Bank is 66% less than the average salary of a Associate in India. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at Kotak Mahindra Bank?

Origination, MA, Valuation, Investment Banking Operations and Due Diligence are some of the popular skills required to work as a Associate at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Associate in India?

Chase Bank Associate Salary - ₹17.0 Lakhs to ₹38.0 Lakhs per year
HSBC Global Banking and Markets Associate Salary - ₹5.4 Lakhs to ₹18.4 Lakhs per year
Canara Bank Associate Salary - ₹5.0 Lakhs to ₹19.5 Lakhs per year
Barclays Investment Bank Associate Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
Bank of Baroda Associate Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Associate in companies similar to Kotak Mahindra Bank in India?

Federal Bank Associate Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
State Bank of India Associate Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
UCO Bank Associate Salary - ₹5.9 Lakhs to ₹6.5 Lakhs per year
J&K Bank Associate Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Punjab National Bank Associate Salary - ₹2.5 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Associate at Kotak Mahindra Bank ranges between ₹18,185 per month to ₹19,875 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate salary in India which ranges between ₹1.2 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Associate at Kotak Mahindra Bank?

According to AmbitionBox, 76% of the Kotak Mahindra Bank Associates reported a notice period of 1 Month, 13% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 789 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Associate Salaries by Location

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Kotak Mahindra Bank Associate Salaries

Kotak Mahindra Bank Associate salary in India ranges between ₹1.2 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 1k Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Associate salaries in India

Companies similar to Kotak Mahindra Bank for Associate

Latest annual salaries shared by Kotak Mahindra Bank Associate

Experience wise Kotak Mahindra Bank Associate salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Associate

Salary related reviews for Kotak Mahindra Bank

Associate in Chandigarh

Associate in Bangalore / Bengaluru

Associate in Tarn Taran

Associate in Mumbai

Team Lead in Bangalore / Bengaluru

Kotak Mahindra Bank Associate Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Associate Salaries by Location