Kotak Mahindra Bank Mumbai AVP Salaries by 60+ Employees (Updated 2025)

8 - 18 years exp.

₹11 Lakhs - ₹35.5 Lakhs

Salary of majority employees

28% less than the average AVP Salary in Banking Companies for 8 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading AVP Salary 10 - 18 years exp. (10 salaries)	₹18 L/yr - ₹28.5 L/yr
Data Science & Analytics AVP Salary 10 - 18 years exp. (7 salaries)	₹13 L/yr - ₹39.9 L/yr
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Finance & Accounting AVP Salary 9 - 18 years exp. (4 salaries)	₹18.1 L/yr - ₹32.5 L/yr
Product Management AVP Salary 8 - 15 years exp. (4 salaries)	₹17.6 L/yr - ₹22 L/yr
Risk Management & Compliance AVP Salary 8 - 18 years exp. (4 salaries)	₹12 L/yr - ₹25.5 L/yr

View all

Last Updated: 7 Mar 2025

Companies similar to Kotak Mahindra Bank for AVP in Mumbai

Kotak Mahindra Bank AVP Salary

8 - 18 years exp. (66 salaries)

₹11 L/yr - ₹35.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank AVP Salary 10 - 21 years exp. (149 salaries)	₹15.7 L/yr - ₹40 L/yr 25% more
Axis Bank AVP Salary 9 - 24 years exp. (175 salaries)	₹12 L/yr - ₹38 L/yr 18% more
Login to view exact salary
State Bank of India AVP Salary 4 - 14 years exp. (4 salaries)	₹7 L/yr - ₹22.5 L/yr 31% less
Yes Bank AVP Salary 6 - 18 years exp. (90 salaries)	₹11 L/yr - ₹22 L/yr 27% less
IndusInd Bank AVP Salary 6 - 19 years exp. (99 salaries)	₹9 L/yr - ₹28 L/yr 21% less
IDFC FIRST Bank AVP Salary 10 - 20 years exp. (43 salaries)	₹16 L/yr - ₹35 L/yr 19% more
RBL Bank AVP Salary 7 - 20 years exp. (43 salaries)	₹12 L/yr - ₹23.8 L/yr 20% less
Federal Bank AVP Salary 15 - 16 years exp. (4 salaries)	₹30 L/yr - ₹40 L/yr 59% more
Bandhan Bank AVP Salary 10 - 17 years exp. (13 salaries)	₹18 L/yr - ₹35.5 L/yr 11% more
Shinhan Bank AVP Salary 13 - 15 years exp. (3 salaries)	₹11.9 L/yr - ₹20 L/yr 29% less

AVP salary at Kotak Mahindra Bank ranges between ₹11 Lakhs to ₹35.5 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 66 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank AVP salaries in Mumbai

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
8 years (4 salaries)	₹16 L/yr - ₹31 L/yr
9 years (7 salaries)	₹21 L/yr - ₹34 L/yr
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10 years (7 salaries)	₹17.6 L/yr - ₹28 L/yr
11 years (11 salaries)	₹16 L/yr - ₹35.8 L/yr
12 years (4 salaries)	₹8.8 L/yr - ₹32.5 L/yr
13 years (5 salaries)	₹18 L/yr - ₹25 L/yr
14 years (11 salaries)	₹11 L/yr - ₹26 L/yr
15+ years (17 salaries)	₹12 L/yr - ₹31.4 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

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Product Manager Salary

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Chief Manager Salary

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₹8.95 L/yr - ₹30.8 L/yr

Sales Executive Salary

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₹1.05 L/yr - ₹5 L/yr

Business Analyst Salary

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₹9.11 L/yr - ₹15.62 L/yr

Relationship Officer Salary

(125 salaries)

₹2.3 L/yr - ₹6.05 L/yr

Junior Associate Salary

(123 salaries)

₹1 L/yr - ₹4 L/yr

Assistant Acquisition Manager Salary

(113 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Team Lead Salary

(83 salaries)

₹1.8 L/yr - ₹6.96 L/yr

Salary related reviews for Kotak Mahindra Bank

3.3

Rated by 5 employees for salary & benefits

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

Deputy Manager Operations in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

Salary - Poor

+4 more

Junior Associate in Thane

Full Time

Other Department

5.0

• posted on 12 Nov 2024

5.0

for Salary and Benefits

Likes

62% of Kotak Mahindra Bank employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Kotak Mahindra Bank 3.3 out of 5 for work life balance, 3.5 for culture and values and 3.6 for career opportunities.

Salary - Excellent

+6 more

Dislikes

Some say there is no work-life balance, and that employees work long hours, including on holidays Salary: Some say that salaries are low Management: Some say that management is bad and that rules are not followed Company politics: Some say that company politics and policies are an issue Targets: Some say that targets are high, but the services are not good Working culture: Some say that the working culture is not good

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

Junior Associate in Coimbatore

Full Time

Sales & Business Development Department

3.0

• posted on 27 Sep 2024

1.0

for Salary and Benefits

Likes

I'm working from kotak 2021to still, it's more comfortable office to me with supportive team and management

Skill development - Excellent

+3 more

Dislikes

Actually I'm working at kotak for past 3 years when I join here my salary monthly 12000 , 3 years gone and also march 2023 I got promotion as a team leader, I given good support to my team also given good business but still I didn't get hike and 12000 only I'm getting. So i need salary improvement for my effective work and do the needful

Salary - Bad

+1 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank AVP Salary FAQs

What is the salary of AVP at Kotak Mahindra Bank Mumbai?

AVP salary at Kotak Mahindra Bank in Mumbai ranges between ₹11.0 Lakhs to ₹35.5 Lakhs for experience between 8 years to 18 years. According to our estimates it is 28% less than the average AVP Salary in India. Salary estimates are based on 66 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a AVP at Kotak Mahindra Bank is 28% less than the average salary of a AVP in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a AVP in Mumbai?

Federal Bank AVP Salary - ₹30.0 Lakhs to ₹40.0 Lakhs per year
HDFC Bank AVP Salary - ₹15.7 Lakhs to ₹40.0 Lakhs per year
IDFC FIRST Bank AVP Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
Axis Bank AVP Salary - ₹12.0 Lakhs to ₹38.0 Lakhs per year
Bandhan Bank AVP Salary - ₹18.0 Lakhs to ₹35.5 Lakhs per year

What is the salary of a AVP in companies similar to Kotak Mahindra Bank in Mumbai?

RBL Bank AVP Salary - ₹12.0 Lakhs to ₹23.8 Lakhs per year
IndusInd Bank AVP Salary - ₹9.0 Lakhs to ₹28.0 Lakhs per year
Yes Bank AVP Salary - ₹11.0 Lakhs to ₹22.0 Lakhs per year
Shinhan Bank AVP Salary - ₹11.9 Lakhs to ₹20.0 Lakhs per year
State Bank of India AVP Salary - ₹7.0 Lakhs to ₹22.5 Lakhs per year

What is the estimated take home salary of a AVP at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a AVP at Kotak Mahindra Bank ranges between ₹1,40,458 per month to ₹1,45,672 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank AVP salary in India which ranges between ₹11.0 Lakhs to ₹35.5 Lakhs per year for employees with experience between 8 years to 18 years. Check how did we calculate take home salary?

What is the notice period for AVP at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 72% of the Kotak Mahindra Bank AVPs in Mumbai reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 58 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank AVP Salaries in Mumbai

Kotak Mahindra Bank AVP salary in Mumbai ranges between ₹11 Lakhs to ₹35.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 66 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.