Kotak Mahindra Bank Associate Engineer Salaries by 4 Employees (Updated 2025)

2 - 4 years exp.

₹3.3 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

29% less than the average Associate Engineer Salary in Banking Companies for 2 - 4 years of experience

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Salaries in different departments

Engineering - Software & QA Associate Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Associate Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr
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IT & Information Security Associate Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 14 Feb 2025

Companies similar to Kotak Mahindra Bank for Associate Engineer

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Associate Engineer Salary 0 - 9 years exp. (7 salaries)	₹1.8 L/yr - ₹6.2 L/yr 5% more
Yes Bank Associate Engineer Salary 1 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 4% more
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Axis Bank Associate Engineer Salary 1 - 2 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 74% more
HDFC Bank Associate Engineer Salary 1 - 2 years exp. (3 salaries)	₹2.5 L/yr - ₹3.2 L/yr 29% less
UCO Bank Associate Engineer Salary Fresher (3 salaries)	₹4.1 Cr/yr - ₹4.6 Cr/yr 11157% more

Associate Engineer salary at Kotak Mahindra Bank ranges between ₹3.3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Engineer salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
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4 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹10.69 L/yr - ₹20.9 L/yr

Project Engineer Salary

(3 salaries)

₹2.2 L/yr - ₹15 L/yr

System Engineer Salary

(3 salaries)

₹3.5 L/yr - ₹15 L/yr

Senior Engineer Salary

(7 salaries)

₹6 L/yr - ₹16 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

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Lead Software Engineer Salary

(AmbitionBox Estimate)

₹27.5 L/yr - ₹35.1 L/yr

Senior Software Engineer Salary

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₹15.34 L/yr - ₹31.71 L/yr

Software Developer Salary

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₹8.7 L/yr - ₹33.5 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

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

Senior Associate in Mumbai

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.

Salary - Bad

+3 more

Assistant Product Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 13 Mar 2025

4.0

for Salary and Benefits

Likes

Salary, Skill Development, promotions.

Salary - Good

+3 more

Dislikes

Managers who are not following the company policy. Too much process in account opening and POS. Customer funds are getting hold in the individual current accounts for like 12 months or 13 months. Ridiculous. Worst service provider to the customers. The bank is giving priority to sales only. Not for service.

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

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

see more salary related reviews

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Kotak Mahindra Bank Associate Engineer Salary FAQs

What is the salary of Associate Engineer at Kotak Mahindra Bank ?

The average salary of a Associate Engineer at Kotak Mahindra Bank in India typically ranges from ₹3.3 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Associate Engineer at Kotak Mahindra Bank earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Associate Engineer 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 4 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Associate Engineer at Kotak Mahindra Bank in India typically ranges from ₹28,512 to ₹29,898 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 2 years to 4 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 4 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 Associate Engineer in India?

UCO Bank	₹414.2 Lakhs to ₹457.8 Lakhs per year
Axis Bank	₹2.0 Lakhs to ₹8.0 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹6.2 Lakhs per year
Yes Bank	₹2.5 Lakhs to ₹5.0 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 Associate Engineer in companies similar to Kotak Mahindra Bank in India?

The salary of a Associate Engineer 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

₹2.5 Lakhs to ₹3.2 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 Associate Engineer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
2 years	₹3.3 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.5 Lakhs to ₹4.0 Lakhs per year
4 years	₹4.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Associate Engineer Salaries

Kotak Mahindra Bank Associate Engineer salary in India ranges between ₹3.3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.