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Kotak Mahindra Bank Associate salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹1.2 Lakh - ₹4.2 Lakhs
Salary of majority employees
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66% less than the average Associate Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Associate Salary
0 - 6 years exp. (211 salaries)
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₹1.4 L/yr - ₹4.2 L/yr

BFSI, Investments & Trading
Associate Salary
0 - 6 years exp. (209 salaries)
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₹1.2 L/yr - ₹3.5 L/yr

Finance & Accounting
Associate Salary
0 - 6 years exp. (167 salaries)
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₹1.2 L/yr - ₹4.2 L/yr

Sales & Business Development
Associate Salary
0 - 6 years exp. (86 salaries)
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₹1.5 L/yr - ₹3.9 L/yr

Risk Management & Compliance
Associate Salary
0 - 6 years exp. (33 salaries)
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₹1.8 L/yr - ₹3.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindra Bank for Associate

Company name Avg Annual Salary Open Jobs
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HDFC Bank Associate Salary

0 - 6 years exp. (67 salaries)

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₹1.5 L/yr - ₹6.3 L/yr

arrow icon 30% more
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ICICI Bank Associate Salary

0 - 5 years exp. (116 salaries)

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₹1.1 L/yr - ₹8 L/yr

arrow icon 19% more
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Axis Bank Associate Salary

0 - 8 years exp. (57 salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 23% more
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State Bank of India Associate Salary

1 - 7 years exp. (146 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 161% more
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Yes Bank Associate Salary

1 - 8 years exp. (17 salaries)

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₹1.2 L/yr - ₹6 L/yr

arrow icon 28% more
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IndusInd Bank Associate Salary

2 - 8 years exp. (33 salaries)

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₹1.5 L/yr - ₹7.5 L/yr

arrow icon 50% more
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IDFC FIRST Bank Associate Salary

0 - 7 years exp. (636 salaries)

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₹1.6 L/yr - ₹5 L/yr

arrow icon 24% more
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RBL Bank Associate Salary

0 - 6 years exp. (12 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 19% more
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Federal Bank Associate Salary

0 - 7 years exp. (157 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 166% more
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Punjab National Bank Associate Salary

1 - 5 years exp. (3 salaries)

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₹2.5 L/yr - ₹10 L/yr

arrow icon 101% more
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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.

Latest annual salaries shared by Kotak Mahindra Bank Associate

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Experience wise Kotak Mahindra Bank Associate salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
Fresher  (111 salaries)

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₹1.4 L/yr - ₹3.3 L/yr
1 year  (256 salaries)

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₹1.2 L/yr - ₹3.5 L/yr
2 years  (251 salaries)

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₹1.3 L/yr - ₹4.2 L/yr
3 years  (183 salaries)

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₹1.4 L/yr - ₹4.2 L/yr
4 years  (123 salaries)

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₹1.5 L/yr - ₹3.7 L/yr
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Kotak Mahindra Bank Associate Salary and Career Growth

From

To

Associate

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0 - 6 years exp.

Deputy Manager

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0 - 13 years exp.

Associate 0 - 6 years exp.
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Assistant Manager 0 - 9 years exp.
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arrow icon 37% hike
    Deputy Manager 0 - 13 years exp.
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    arrow icon 43% 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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    Web Developer Salary
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    ₹3.8 L/yr - ₹4.8 L/yr
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    Java Developer Salary
    (AmbitionBox Estimate)
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    ₹4.1 L/yr - ₹5.2 L/yr
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    ₹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

    3.3

    Rated by 195 employees for salary & benefits

    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.

    read more
    • 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.

    read more
    • Work-life balance - Poor

    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.

    read more

    Dislikes

    Same as above

    • Salary - Bad
    • +3 more

    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

    read more

    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.

    read more
    • Salary - Bad
    • +5 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
    see more salary related reviews

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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 - ₹5.9 Lakhs to ₹21.4 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 ₹18,037 per month to ₹19,730 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, 77% of the Kotak Mahindra Bank Associates reported a notice period of 1 Month, 12% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 779 responses on AmbitionBox in last 2 years.

    Tell us how to improve this page.

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