Kotak Mahindra Bank New Delhi Banker Salaries by 30+ Employees

1 - 6 years exp.

₹2 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average Banker Salary in Banking Companies for 1 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Banker Salary 2 - 6 years exp. (7 salaries)	₹3 L/yr - ₹4.3 L/yr
Customer Success, Service & Operations Banker Salary 1 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹4.3 L/yr
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BFSI, Investments & Trading Banker Salary 2 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr
Finance & Accounting Banker Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4 L/yr

Last Updated: 12 Sep 2024

Companies similar to Kotak Mahindra Bank for Banker in New Delhi

Kotak Mahindra Bank Banker Salary

1 - 6 years exp. (32 salaries)

₹2 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Banker Salary 0 - 9 years exp. (50 salaries)	₹1.6 L/yr - ₹6.6 L/yr 9% more
ICICI Bank Banker Salary 0 - 7 years exp. (48 salaries)	₹1.8 L/yr - ₹7.6 L/yr 22% more
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Axis Bank Banker Salary 0 - 7 years exp. (29 salaries)	₹2 L/yr - ₹5.5 L/yr 5% more
IndusInd Bank Banker Salary 2 - 8 years exp. (17 salaries)	₹3 L/yr - ₹5 L/yr 7% more
Yes Bank Banker Salary 1 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.5 L/yr 16% more
IDFC FIRST Bank Banker Salary 0 - 7 years exp. (13 salaries)	₹2 L/yr - ₹5.3 L/yr 16% more
Bandhan Bank Banker Salary 1 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹4.5 L/yr 2% more
Canara Bank Banker Salary 5 - 12 years exp. (6 salaries)	₹5.4 L/yr - ₹18 L/yr 193% more
Bank of Baroda Banker Salary 1 - 10 years exp. (6 salaries)	₹3.5 L/yr - ₹8.4 L/yr 68% more
IDBI Bank Banker Salary 6 - 10 years exp. (4 salaries)	₹12 L/yr - ₹16 L/yr 308% more
Federal Bank Banker Salary 2 - 4 years exp. (4 salaries)	₹3.3 L/yr - ₹8.1 L/yr 83% more
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Banker salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 32 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Banker in New Delhi

6mo ago

₹4 Lakhs

6 years exp.

7mo ago

₹3.6 Lakhs

5 years exp.

8mo ago

₹3.1 Lakhs

4 years exp.

8mo ago

₹3.7 Lakhs

2 years exp.

10mo ago

₹4.2 Lakhs

6 years exp.

10mo ago

5 years exp.

11mo ago

3 years exp.

11mo ago

1 year exp.

1y ago

5 years exp.

1y ago

4 years exp.

Experience wise Kotak Mahindra Bank Banker salaries in New Delhi

Last Updated: 12 Sep 2024

Experience	Avg Annual Salary
1 year (5 salaries)	₹2 L/yr - ₹3.5 L/yr
2 years (6 salaries)	₹2.5 L/yr - ₹4.3 L/yr
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3 years (7 salaries)	₹2.5 L/yr - ₹4.5 L/yr
4 years (4 salaries)	₹3.1 L/yr - ₹6.7 L/yr
5 years (7 salaries)	₹2.4 L/yr - ₹4 L/yr
6 years (3 salaries)	₹3 L/yr - ₹4.2 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(1.6k salaries)

₹2 L/yr - ₹8.5 L/yr

Sales Executive Salary

(141 salaries)

₹1.95 L/yr - ₹4 L/yr

Branch Manager Salary

(128 salaries)

₹8 L/yr - ₹28.5 L/yr

Sales Manager Salary

(98 salaries)

₹2.4 L/yr - ₹10.15 L/yr

Team Lead Salary

(63 salaries)

₹2 L/yr - ₹7.2 L/yr

Top skills at Kotak Mahindra Bank for Banker

Banking Sales

Salary related reviews for Kotak Mahindra Bank

5.0

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

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.

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Kotak Mahindra Bank Banker Salary FAQs

What is the salary of Banker at Kotak Mahindra Bank in New Delhi?

The average salary of a Banker at Kotak Mahindra Bank in New Delhi typically ranges from ₹2.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Banker in New Delhi at Kotak Mahindra Bank earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Banker 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 30+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Banker at Kotak Mahindra Bank in New Delhi typically ranges from ₹27,330 to ₹28,734 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 1 year 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 30+ 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 Banker at Kotak Mahindra Bank in New Delhi?

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

Which companies offer higher salaries than Kotak Mahindra Bank for Banker in India?

IDBI Bank	₹12.0 Lakhs to ₹16.0 Lakhs per year
Canara Bank	₹5.4 Lakhs to ₹18.0 Lakhs per year
Federal Bank	₹3.3 Lakhs to ₹8.1 Lakhs per year
Bank of Baroda	₹3.5 Lakhs to ₹8.4 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹7.6 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 Banker in companies similar to Kotak Mahindra Bank in New Delhi?

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

Yes Bank	₹3.0 Lakhs to ₹7.5 Lakhs per year
IDFC FIRST Bank	₹2.0 Lakhs to ₹5.3 Lakhs per year
HDFC Bank	₹1.6 Lakhs to ₹6.6 Lakhs per year
IndusInd Bank	₹3.0 Lakhs to ₹5.0 Lakhs per year
Axis Bank	₹2.0 Lakhs to ₹5.5 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 Banker at Kotak Mahindra Bank in New Delhi?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.5 Lakhs to ₹4.3 Lakhs per year
3 years	₹2.5 Lakhs to ₹4.5 Lakhs per year
4 years	₹3.1 Lakhs to ₹6.7 Lakhs per year

and so on.

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Kotak Mahindra Bank Banker Salaries in New Delhi

Kotak Mahindra Bank Banker salary in New Delhi ranges between ₹2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.