Kotak Mahindra Bank Mumbai AVP Salaries by 70+ Employees (Updated 2025)

8 - 18 years exp.

₹9.6 Lakhs - ₹34.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average AVP Salary in Banking Companies for 8 - 18 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading AVP Salary 10 - 18 years exp. (11 salaries)	₹18 L/yr - ₹28.5 L/yr
Data Science & Analytics AVP Salary 10 - 18 years exp. (6 salaries)	₹13 L/yr - ₹36.5 L/yr
Login to view exact salary
Finance & Accounting AVP Salary 9 - 18 years exp. (6 salaries)	₹9.6 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: 2 Apr 2025

Companies similar to Kotak Mahindra Bank for AVP in Mumbai

Kotak Mahindra Bank AVP Salary

8 - 18 years exp. (71 salaries)

₹9.6 L/yr - ₹34.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank AVP Salary 9 - 24 years exp. (177 salaries)	₹12 L/yr - ₹38 L/yr 24% more
HDFC Bank AVP Salary 10 - 21 years exp. (151 salaries)	₹15 L/yr - ₹42 L/yr 31% more
Login to view exact salary
IndusInd Bank AVP Salary 6 - 19 years exp. (100 salaries)	₹9.1 L/yr - ₹27.5 L/yr 14% less
Yes Bank AVP Salary 8 - 18 years exp. (86 salaries)	₹11 L/yr - ₹25 L/yr 20% less
IDFC FIRST Bank AVP Salary 10 - 19 years exp. (44 salaries)	₹16 L/yr - ₹35 L/yr 26% more
RBL Bank AVP Salary 7 - 20 years exp. (44 salaries)	₹12 L/yr - ₹26 L/yr 17% less
Bandhan Bank AVP Salary 10 - 16 years exp. (12 salaries)	₹18 L/yr - ₹35.5 L/yr 31% more
Federal Bank AVP Salary 15 - 16 years exp. (4 salaries)	₹30 L/yr - ₹40 L/yr 68% more
Shinhan Bank AVP Salary 13 - 15 years exp. (3 salaries)	₹11.9 L/yr - ₹20 L/yr 25% less

AVP salary at Kotak Mahindra Bank ranges between ₹9.6 Lakhs to ₹34.7 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 71 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank AVP in Mumbai

3d ago

₹20.6 Lakhs

9 years exp.

1w ago

₹25 Lakhs

13 years exp.

4w ago

₹19 Lakhs

18 years exp.

1mo ago

₹9.6 Lakhs

14 years exp.

1mo ago

₹16 Lakhs

15 years exp.

1mo ago

17 years exp.

2mo ago

12 years exp.

2mo ago

11 years exp.

3mo ago

8 years exp.

3mo ago

15 years exp.

Experience wise Kotak Mahindra Bank AVP salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
8 years (4 salaries)	₹16 L/yr - ₹31 L/yr
9 years (8 salaries)	₹20.6 L/yr - ₹34 L/yr
Login to view exact salary
10 years (7 salaries)	₹17.6 L/yr - ₹28 L/yr
11 years (10 salaries)	₹16 L/yr - ₹36.9 L/yr
12 years (4 salaries)	₹8.3 L/yr - ₹32.5 L/yr
13 years (7 salaries)	₹9.6 L/yr - ₹25 L/yr
14 years (12 salaries)	₹9.6 L/yr - ₹26 L/yr
15+ years (19 salaries)	₹12 L/yr - ₹32 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Associate Vice President Salary

(722 salaries)

₹9.7 L/yr - ₹37 L/yr

Product Manager Salary

(426 salaries)

₹6 L/yr - ₹25 L/yr

Chief Manager Salary

(397 salaries)

₹7.5 L/yr - ₹30 L/yr

Sales Executive Salary

(180 salaries)

₹1.05 L/yr - ₹5 L/yr

Business Analyst Salary

(150 salaries)

₹4.5 L/yr - ₹19 L/yr

Relationship Officer Salary

(122 salaries)

₹2.3 L/yr - ₹6.05 L/yr

Junior Associate Salary

(122 salaries)

₹1.15 L/yr - ₹3.5 L/yr

Assistant Acquisition Manager Salary

(112 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

3.4

Rated by 6 employees for salary & benefits

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 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

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank AVP Salary FAQs

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

The average salary of a AVP at Kotak Mahindra Bank in Mumbai typically ranges from ₹9.6 Lakhs to ₹34.7 Lakhs per year, depending on experience (from 8 years to 18 years).

The top 10% of AVP in Mumbai at Kotak Mahindra Bank earn more than ₹30.4 Lakhs per year, and the top 1% earn over ₹40.5 Lakhs per year. AVP 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 70+ Kotak Mahindra Bank employees in India.

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 in Mumbai typically ranges from ₹1,34,552 to ₹1,39,500 per month. This is based on the average salary range of ₹9.6 Lakhs to ₹34.7 Lakhs per year for employees with experience ranging from 8 years to 18 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 70+ 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 AVP in India?

Federal Bank	₹30.0 Lakhs to ₹40.0 Lakhs per year
Bandhan Bank	₹18.0 Lakhs to ₹35.5 Lakhs per year
HDFC Bank	₹15.0 Lakhs to ₹42.0 Lakhs per year
IDFC FIRST Bank	₹16.0 Lakhs to ₹35.0 Lakhs per year
Axis Bank	₹12.0 Lakhs to ₹38.0 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 AVP in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a AVP at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹9.1 Lakhs to ₹27.5 Lakhs per year
RBL Bank	₹12.0 Lakhs to ₹26.0 Lakhs per year
Yes Bank	₹11.0 Lakhs to ₹25.0 Lakhs per year
Shinhan Bank	₹11.9 Lakhs to ₹20.0 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 AVP at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
8 years	₹16.0 Lakhs to ₹31.0 Lakhs per year
9 years	₹20.6 Lakhs to ₹34.0 Lakhs per year
10 years	₹17.6 Lakhs to ₹28.0 Lakhs per year
11 years	₹16.0 Lakhs to ₹36.9 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank AVP Salaries >
Kotak Mahindra Bank AVP Salaries in Mumbai

Kotak Mahindra Bank AVP salary in Mumbai ranges between ₹9.6 Lakhs to ₹34.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 71 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.