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Kotak Mahindra Bank Associate salaries in Bangalore / Bengaluru (Updated 2025)

Annual salary range
0 - 6 years exp.
₹1.4 Lakh - ₹4.1 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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68% 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. (36 salaries)
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₹1.5 L/yr - ₹4 L/yr

Finance & Accounting
Associate Salary
0 - 6 years exp. (22 salaries)
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₹1.8 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Associate Salary
0 - 5 years exp. (21 salaries)
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₹2 L/yr - ₹3.2 L/yr

Sales & Business Development
Associate Salary
1 - 5 years exp. (8 salaries)
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₹2 L/yr - ₹3.5 L/yr

Risk Management & Compliance
Associate Salary
0 - 5 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹2.8 L/yr

Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindra Bank for Associate in Bangalore / Bengaluru

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Kotak Mahindra Bank Associate Salary

0 - 6 years exp. (125 salaries)

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₹1.4 L/yr - ₹4.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹8 L/yr - ₹26 L/yr

arrow icon 459% more
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City Union Bank Associate Salary

0 - 4 years exp. (12 salaries)

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₹2.9 L/yr - ₹5 L/yr

arrow icon 53% more
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Federal Bank Associate Salary

0 - 6 years exp. (10 salaries)

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₹4 L/yr - ₹7.5 L/yr

arrow icon 151% more
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HDFC Bank Associate Salary

0 - 6 years exp. (6 salaries)

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₹2.7 L/yr - ₹6 L/yr

arrow icon 46% more
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Axis Bank Associate Salary

0 - 6 years exp. (4 salaries)

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₹2.3 L/yr - ₹4.6 L/yr

arrow icon 20% more
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IndusInd Bank Associate Salary

2 - 6 years exp. (3 salaries)

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₹4.3 L/yr - ₹7 L/yr

arrow icon 72% more
1 job opening
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ICICI Bank Associate Salary

0 - 3 years exp. (3 salaries)

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₹2.6 L/yr - ₹3.6 L/yr

arrow icon 13% more
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South Indian Bank Associate Salary

2 - 4 years exp. (3 salaries)

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₹5 L/yr - ₹7 L/yr

arrow icon 108% more
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Bank of Baroda Associate Salary

3 - 10 years exp. (3 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 174% more
Associate salary at Kotak Mahindra Bank ranges between ₹1.4 Lakh to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 125 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Associate in Bangalore / Bengaluru

1mo ago
₹2.4 Lakhs
2 years exp.
2mo ago
₹2 Lakhs
1 year exp.
2mo ago
₹3 Lakhs
4 years exp.
2mo ago
₹2.2 Lakhs
2 years exp.
4mo ago
₹3 Lakhs
5 years exp.
4mo ago
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3 years exp.
5mo ago
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1 year exp.
5mo ago
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3 years exp.
5mo ago
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5 years exp.
6mo ago
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3 years exp.

Experience wise Kotak Mahindra Bank Associate salaries in Bangalore / Bengaluru

Last Updated: 20 Feb 2025

Experience Avg Annual Salary
Fresher  (11 salaries)

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₹1.7 L/yr - ₹3.2 L/yr
1 year  (31 salaries)

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₹1.4 L/yr - ₹3.5 L/yr
2 years  (33 salaries)

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₹1.4 L/yr - ₹3 L/yr
3 years  (26 salaries)

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₹1.7 L/yr - ₹4 L/yr
4 years  (12 salaries)

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₹1.8 L/yr - ₹3.7 L/yr
View all
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 34% hike
    Deputy Manager 0 - 13 years exp.
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    arrow icon 44% 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

    Team Lead Salary
    (48 salaries)
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    ₹1.7 L/yr - ₹8.5 L/yr
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    ₹2 L/yr - ₹4 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

    2.8

    Rated by 16 employees for salary & benefits

    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

    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

    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 in Bangalore / Bengaluru?
    The average salary of a Associate at Kotak Mahindra Bank in Bangalore / Bengaluru typically ranges from ₹1.4 Lakhs to ₹4.1 Lakhs per year, depending on experience (from Fresher to 6 years).

    The top 10% of Associate in Bangalore / Bengaluru at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Associate 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 100+ Kotak Mahindra Bank employees in India.
    What is the estimated take home salary of a Associate at Kotak Mahindra Bank in Bangalore / Bengaluru?
    The estimated take-home salary of a Associate at Kotak Mahindra Bank in Bangalore / Bengaluru typically ranges from ₹18,880 to ₹20,560 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from Fresher to 6 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 100+ 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 Associate at Kotak Mahindra Bank in Bangalore / Bengaluru?
    To be a Associate at Kotak Mahindra Bank in Bangalore / Bengaluru, the key skills required include:

    • - Origination
    • - MA
    • - Valuation
    • - Investment Banking Operations
    • - Due Diligence

    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 Associate in India?
    HSBC Global Banking and Markets ₹8.0 Lakhs to ₹26.0 Lakhs per year
    Bank of Baroda ₹5.0 Lakhs to ₹12.0 Lakhs per year
    Federal Bank ₹4.0 Lakhs to ₹7.5 Lakhs per year
    South Indian Bank ₹5.0 Lakhs to ₹7.0 Lakhs per year
    IndusInd Bank ₹4.3 Lakhs to ₹7.0 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 in companies similar to Kotak Mahindra Bank in Bangalore / Bengaluru?
    The salary of a Associate at companies similar to Kotak Mahindra Bank in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    City Union Bank ₹2.9 Lakhs to ₹5.0 Lakhs per year
    HDFC Bank ₹2.7 Lakhs to ₹6.0 Lakhs per year
    Axis Bank ₹2.3 Lakhs to ₹4.6 Lakhs per year
    ICICI Bank ₹2.6 Lakhs to ₹3.6 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 at Kotak Mahindra Bank in Bangalore / Bengaluru?
    The salary growth for a Associate at Kotak Mahindra Bank in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Associate in Bangalore / Bengaluru can expect the following growth trajectory at Kotak Mahindra Bank:

    Experience Average Salary Range
    Fresher ₹1.7 Lakhs to ₹3.2 Lakhs per year
    1 year ₹1.4 Lakhs to ₹3.5 Lakhs per year
    2 years ₹1.4 Lakhs to ₹3.0 Lakhs per year
    3 years ₹1.7 Lakhs to ₹4.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Kotak Mahindra Bank Associate salary in Bangalore / Bengaluru ranges between ₹1.4 Lakh to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 125 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.