Kotak Mahindra Bank Mumbai Banker Salaries by 20+ Employees (Updated 2025)

1 - 8 years exp.

₹2 Lakhs - ₹6.5 Lakhs

Salary of majority employees

23% less than the average Banker Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banker Salary 2 - 6 years exp. (6 salaries)	₹2 L/yr - ₹6.5 L/yr
Customer Success, Service & Operations Banker Salary 1 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹4.4 L/yr
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Finance & Accounting Banker Salary 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
Sales & Business Development Banker Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.4 L/yr

Last Updated: 12 Feb 2025

Companies similar to Kotak Mahindra Bank for Banker in Mumbai

Kotak Mahindra Bank Banker Salary

1 - 8 years exp. (22 salaries)

₹2 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Banker Salary 0 - 8 years exp. (20 salaries)	₹1.5 L/yr - ₹7.5 L/yr 9% more
ICICI Bank Banker Salary 0 - 7 years exp. (48 salaries)	₹1.8 L/yr - ₹9 L/yr 14% more
Login to view exact salary
Axis Bank Banker Salary 1 - 10 years exp. (26 salaries)	₹2.5 L/yr - ₹6.8 L/yr 40% more
State Bank of India Banker Salary 10 - 31 years exp. (7 salaries)	₹9 L/yr - ₹22 L/yr 297% more
IndusInd Bank Banker Salary 1 - 8 years exp. (12 salaries)	₹2.5 L/yr - ₹5.5 L/yr 12% more
Yes Bank Banker Salary 1 - 8 years exp. (6 salaries)	₹2.3 L/yr - ₹6.5 L/yr 19% more
IDFC FIRST Bank Banker Salary 0 - 7 years exp. (19 salaries)	₹2 L/yr - ₹5 L/yr 1% more	1 job opening
RBL Bank Banker Salary 2 - 6 years exp. (5 salaries)	₹2.7 L/yr - ₹6.2 L/yr 8% more
IDBI Bank Banker Salary 11 - 13 years exp. (3 salaries)	₹12 L/yr - ₹17 L/yr 316% more
Bank of Baroda Banker Salary 4 - 10 years exp. (3 salaries)	₹4 L/yr - ₹13 L/yr 99% more
Utkarsh Small Finance Bank Banker Salary 1 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 7% more
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Banker salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Banker salaries in Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.2 L/yr - ₹5.9 L/yr
2 years (6 salaries)	₹2 L/yr - ₹4 L/yr
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3 years (4 salaries)	₹2 L/yr - ₹6.4 L/yr
4 years (3 salaries)	₹2.6 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.1 L/yr
7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.4 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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Sales Executive Salary

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₹1.05 L/yr - ₹4.5 L/yr

Branch Manager Salary

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₹7.5 L/yr - ₹25.56 L/yr

Sales Manager Salary

(129 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Team Lead Salary

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₹1.8 L/yr - ₹6.98 L/yr

Quality Analyst Salary

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₹3.25 L/yr - ₹5.32 L/yr

Analyst Salary

(11 salaries)

₹4.28 L/yr - ₹13 L/yr

Senior Analyst Salary

(3 salaries)

₹7.81 L/yr - ₹12.5 L/yr

Top skills at Kotak Mahindra Bank for Banker

Banking Sales

Salary related reviews for Kotak Mahindra Bank

2.7

Rated by 2 employees for salary & benefits

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

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Banker Salary FAQs

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

Banker salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.0 Lakhs to ₹6.5 Lakhs for experience between 1 years to 8 years. According to our estimates it is 23% less than the average Banker Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Banker at Kotak Mahindra Bank is 23% less than the average salary of a Banker in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Banker at Kotak Mahindra Bank?

Banking Sales is a popular skill required to work as a Banker at Kotak Mahindra Bank.

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

IDBI Bank Banker Salary - ₹12.0 Lakhs to ₹17.0 Lakhs per year
State Bank of India Banker Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
Bank of Baroda Banker Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
Axis Bank Banker Salary - ₹2.5 Lakhs to ₹6.8 Lakhs per year
Yes Bank Banker Salary - ₹2.3 Lakhs to ₹6.5 Lakhs per year

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

ICICI Bank Banker Salary - ₹1.8 Lakhs to ₹9.0 Lakhs per year
IndusInd Bank Banker Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
HDFC Bank Banker Salary - ₹1.5 Lakhs to ₹7.5 Lakhs per year
RBL Bank Banker Salary - ₹2.7 Lakhs to ₹6.2 Lakhs per year
Utkarsh Small Finance Bank Banker Salary - ₹3.5 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Banker at Kotak Mahindra Bank ranges between ₹26,846 per month to ₹28,258 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Banker salary in India which ranges between ₹2.0 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 58% of the Kotak Mahindra Bank Bankers in Mumbai reported a notice period of 3 Months, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Banker Salaries in Mumbai

Kotak Mahindra Bank Banker salary in Mumbai ranges between ₹2 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.