Kotak Mahindra Bank BM Salaries by 5 Employees (Updated 2025)

11 - 13 years exp.

₹7.1 Lakhs - ₹14.5 Lakhs

Low Confidence

Salary of majority employees

81% more than the average BM Salary in Banking Companies for 11 - 13 years of experience

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Last Updated: 8 Jun 2023

Companies similar to Kotak Mahindra Bank for BM

Company name	Avg Annual Salary	Open Jobs
HDFC Bank BM Salary 10 - 18 years exp. (7 salaries)	₹7.2 L/yr - ₹17.6 L/yr 15% more
ICICI Bank BM Salary 7 - 12 years exp. (16 salaries)	₹3.5 L/yr - ₹10 L/yr 17% less
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Axis Bank BM Salary 4 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹4.5 L/yr 64% less
IndusInd Bank BM Salary 15 - 17 years exp. (6 salaries)	₹5.9 L/yr - ₹17 L/yr 4% less
Yes Bank BM Salary 4 - 18 years exp. (7 salaries)	₹6.1 L/yr - ₹13.8 L/yr 1% more
IDFC FIRST Bank BM Salary 7 - 14 years exp. (7 salaries)	₹8 L/yr - ₹11.9 L/yr 3% more
RBL Bank BM Salary 4 - 18 years exp. (4 salaries)	₹3.5 L/yr - ₹24 L/yr 30% more
Bandhan Bank BM Salary 3 - 9 years exp. (3 salaries)	₹2.3 L/yr - ₹9.2 L/yr 34% less
Utkarsh Small Finance Bank BM Salary 3 - 9 years exp. (7 salaries)	₹3 L/yr - ₹4.5 L/yr 65% less
Jana Small Finance Bank BM Salary 4 - 10 years exp. (5 salaries)	₹3.7 L/yr - ₹8.3 L/yr 37% less
Ujjivan Small Finance Bank BM Salary 8 - 13 years exp. (5 salaries)	₹2.9 L/yr - ₹7.8 L/yr 42% less
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BM salary at Kotak Mahindra Bank ranges between ₹7.1 Lakhs to ₹14.5 Lakhs per year for employees with experience between 11 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank BM salaries

Last Updated: 8 Jun 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹19.1 L/yr
12 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹19.4 L/yr
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13 years (3 salaries)	₹7.1 L/yr - ₹14.5 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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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 BM Salary FAQs

What is the salary of BM at Kotak Mahindra Bank?

BM salary at Kotak Mahindra Bank in India ranges between ₹7.1 Lakhs to ₹14.5 Lakhs for experience between 11 years to 13 years. According to our estimates it is 81% more than the average BM Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a BM at Kotak Mahindra Bank is 81% more than the average salary of a BM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a BM in India?

RBL Bank BM Salary - ₹3.5 Lakhs to ₹24.0 Lakhs per year
HDFC Bank BM Salary - ₹7.2 Lakhs to ₹17.6 Lakhs per year
IDFC FIRST Bank BM Salary - ₹8.0 Lakhs to ₹11.9 Lakhs per year
Yes Bank BM Salary - ₹6.1 Lakhs to ₹13.8 Lakhs per year

What is the salary of a BM in companies similar to Kotak Mahindra Bank in India?

IndusInd Bank BM Salary - ₹5.9 Lakhs to ₹17.0 Lakhs per year
ICICI Bank BM Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
Bandhan Bank BM Salary - ₹2.3 Lakhs to ₹9.2 Lakhs per year
Jana Small Finance Bank BM Salary - ₹3.7 Lakhs to ₹8.3 Lakhs per year
Ujjivan Small Finance Bank BM Salary - ₹2.9 Lakhs to ₹7.8 Lakhs per year

What is the estimated take home salary of a BM at Kotak Mahindra Bank in India?

The estimated take-home salary of a BM at Kotak Mahindra Bank ranges between ₹74,412 per month to ₹76,336 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank BM salary in India which ranges between ₹7.1 Lakhs to ₹14.5 Lakhs per year for employees with experience between 11 years to 13 years. Check how did we calculate take home salary?

What is the notice period for BM at Kotak Mahindra Bank?

According to AmbitionBox, 60% of the Kotak Mahindra Bank BMs reported a notice period of 1 Month, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank BM Salaries

Kotak Mahindra Bank BM salary in India ranges between ₹7.1 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.