Kotak Mahindra Bank Mumbai Banking Officer Salaries by 30+ Employees (Updated 2025)

1 - 6 years exp.

₹1.8 Lakh - ₹4.7 Lakhs

Salary of majority employees

19% less than the average Banking Officer Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banking Officer Salary 2 - 6 years exp. (5 salaries)	₹2 L/yr - ₹4 L/yr
Customer Success, Service & Operations Banking Officer Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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Finance & Accounting Banking Officer Salary 3 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹4.7 L/yr
Sales & Business Development Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr

Last Updated: 17 Mar 2025

Companies similar to Kotak Mahindra Bank for Banking Officer in Mumbai

Kotak Mahindra Bank Banking Officer Salary

1 - 6 years exp. (35 salaries)

₹1.8 L/yr - ₹4.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Banking Officer Salary 0 - 7 years exp. (82 salaries)	₹1.8 L/yr - ₹6 L/yr 7% more
IDFC FIRST Bank Banking Officer Salary 0 - 6 years exp. (74 salaries)	₹2.4 L/yr - ₹5 L/yr 3% more
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HDFC Bank Banking Officer Salary 0 - 8 years exp. (49 salaries)	₹1 L/yr - ₹5.7 L/yr 9% less
Axis Bank Banking Officer Salary 1 - 7 years exp. (39 salaries)	₹1.5 L/yr - ₹4.5 L/yr 7% less
Yes Bank Banking Officer Salary 0 - 7 years exp. (18 salaries)	₹1.8 L/yr - ₹4.6 L/yr 1% less
IndusInd Bank Banking Officer Salary 1 - 6 years exp. (14 salaries)	₹2 L/yr - ₹5.1 L/yr 6% more
RBL Bank Banking Officer Salary 1 - 6 years exp. (13 salaries)	₹1.7 L/yr - ₹3.9 L/yr 11% less
The Saraswat Co-operative Bank Banking Officer Salary 0 - 12 years exp. (5 salaries)	₹3 L/yr - ₹6 L/yr 28% more
Canara Bank Banking Officer Salary 4 - 12 years exp. (4 salaries)	₹5 L/yr - ₹12 L/yr 200% more
Bank of Baroda Banking Officer Salary 1 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹11.5 L/yr 113% more
City Union Bank Banking Officer Salary 3 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹4.7 L/yr 38% more
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Banking Officer salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹4.7 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 35 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Banking Officer salaries in Mumbai

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
2 years (6 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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3 years (8 salaries)	₹2 L/yr - ₹4.3 L/yr
4 years (8 salaries)	₹2.8 L/yr - ₹4.3 L/yr
5 years (6 salaries)	₹1.4 L/yr - ₹4.7 L/yr
6 years (5 salaries)	₹2.5 L/yr - ₹4.2 L/yr

View all

From

Banking Officer

1 - 6 years exp.

Deputy Manager

0 - 13 years exp.

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

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Team Lead Salary

(82 salaries)

₹1.8 L/yr - ₹6.97 L/yr

Management Trainee Salary

(35 salaries)

₹7 L/yr - ₹24 L/yr

Senior Associate Salary

(25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Accountant Salary

(17 salaries)

₹2 L/yr - ₹3.5 L/yr

Analyst Salary

(11 salaries)

₹4.28 L/yr - ₹13 L/yr

Finance Executive Salary

(8 salaries)

₹1.75 L/yr - ₹3.5 L/yr

Senior Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹17.9 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Banking Officer in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 May 2023

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

There is no change in salary even after being promoted… work gets increased but pay is the same… we have to do operations and sales both simultaneously but still no change in salary… it seems as if no work is there…everything is auditable and job security is null but we give daily productivity in that time only still on the basis of ratings salary is dealt… I have tried my best in sales and ops but my Bm gave me 2 star and everything went in vain… then what is the meaning of performing best… And 1st they will hire you and after they will treat you like robot..they don't pay any salary any pramotions...even they don't give you any single holiday..

Work-life balance - Poor

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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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Banking Officer Salary FAQs

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

The average salary of a Banking Officer at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.8 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Banking Officer in Mumbai at Kotak Mahindra Bank earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. Banking Officer 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 Banking Officer at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Banking Officer at Kotak Mahindra Bank in Mumbai typically ranges from ₹23,798 to ₹25,255 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.7 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.

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

Canara Bank	₹5.0 Lakhs to ₹12.0 Lakhs per year
Bank of Baroda	₹2.4 Lakhs to ₹11.5 Lakhs per year
City Union Bank	₹4.2 Lakhs to ₹4.7 Lakhs per year
The Saraswat Co-operative Bank	₹3.0 Lakhs to ₹6.0 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹6.0 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 Banking Officer in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Banking Officer 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	₹2.0 Lakhs to ₹5.1 Lakhs per year
IDFC FIRST Bank	₹2.4 Lakhs to ₹5.0 Lakhs per year
Yes Bank	₹1.8 Lakhs to ₹4.6 Lakhs per year
Axis Bank	₹1.5 Lakhs to ₹4.5 Lakhs per year
HDFC Bank	₹1.0 Lakhs to ₹5.7 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 Banking Officer at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.4 Lakhs per year
2 years	₹1.8 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.3 Lakhs per year
4 years	₹2.8 Lakhs to ₹4.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Banking Officer Salaries in Mumbai

Kotak Mahindra Bank Banking Officer salary in Mumbai ranges between ₹1.8 Lakh to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Banking Officer salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Banking Officer in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Banking Officer in Mumbai

Experience wise Kotak Mahindra Bank Banking Officer salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Banking Officer in New Delhi

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Banking Officer Salary FAQs

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