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Kotak Mahindra Bank Branch Manager and Assistant Vice President salaries in Mumbai (Updated 2025)

Annual salary range
11 - 16 years exp.
₹15.2 Lakhs - ₹21.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Branch Manager and Assistant Vice President Salary in Banking Companies for 11 - 16 years of experience

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Last Updated: 24 Feb 2025

Companies similar to Kotak Mahindra Bank for Branch Manager and Assistant Vice President in Mumbai

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Kotak Mahindra Bank Branch Manager and Assistant Vice President Salary

11 - 16 years exp. (8 salaries)

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₹15.2 L/yr - ₹21.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹14 L/yr - ₹17.8 L/yr

arrow icon 5% less
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₹15 L/yr - ₹24 L/yr

arrow icon 23% more
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₹19.5 L/yr - ₹22 L/yr

arrow icon 30% more
Branch Manager and Assistant Vice President salary at Kotak Mahindra Bank ranges between ₹15.2 Lakhs to ₹21.8 Lakhs per year for employees with experience between 11 years to 16 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Branch Manager and Assistant Vice President in Mumbai

1mo ago
₹15.2 Lakhs
12 years exp.
2mo ago
₹21 Lakhs
15 years exp.
10mo ago
₹15.2 Lakhs
11 years exp.
1y ago
₹18 Lakhs
14 years exp.
1y ago
₹18 Lakhs
13 years exp.
1y ago
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15 years exp.

Experience wise Kotak Mahindra Bank Branch Manager and Assistant Vice President salaries in Mumbai

Last Updated: 24 Feb 2025

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)

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₹14.3 L/yr - ₹18.3 L/yr
13 years (AmbitionBox Estimate)

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₹14.6 L/yr - ₹18.7 L/yr
14 years (AmbitionBox Estimate)

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₹14.9 L/yr - ₹19 L/yr
15+ years  (4 salaries)

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₹17 L/yr - ₹21.8 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Credit Manager Salary
(229 salaries)
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₹3.75 L/yr - ₹13 L/yr
Branch Manager Salary
(143 salaries)
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₹10 L/yr - ₹30 L/yr
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₹11.29 L/yr - ₹40 L/yr
Sales Manager Salary
(132 salaries)
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₹1.8 L/yr - ₹10.7 L/yr
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₹3.62 L/yr - ₹10.5 L/yr
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₹6.5 L/yr - ₹16.8 L/yr
Branch Head Salary
(24 salaries)
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₹8 L/yr - ₹22 L/yr
Area Manager Salary
(8 salaries)
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₹9 L/yr - ₹28.72 L/yr

Salary related reviews for Kotak Mahindra Bank

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 02 Mar 2025

2.0
 for  Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 24 Nov 2024

2.0
 for  Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Other Department

1.0
  •  posted on 15 Nov 2024

1.0
 for  Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

read more

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

read more
  • Salary - Bad
  • +6 more

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

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Bad
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Kotak Mahindra Bank Branch Manager and Assistant Vice President Salary FAQs

What is the salary of Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai?
The average salary of a Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai typically ranges from ₹15.2 Lakhs to ₹21.8 Lakhs per year, depending on experience (from 11 years to 16 years).

The top 10% of Branch Manager and Assistant Vice President in Mumbai at Kotak Mahindra Bank earn more than ₹21.7 Lakhs per year, and the top 1% earn over ₹21.8 Lakhs per year. Branch Manager and Assistant Vice President 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 8 Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai typically ranges from ₹1,12,647 to ₹1,15,777 per month. This is based on the average salary range of ₹15.2 Lakhs to ₹21.8 Lakhs per year for employees with experience ranging from 11 years to 16 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 8 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 Branch Manager and Assistant Vice President in India?
HDFC Bank ₹19.5 Lakhs to ₹22.0 Lakhs per year
Axis Bank ₹15.0 Lakhs to ₹24.0 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 Branch Manager and Assistant Vice President in companies similar to Kotak Mahindra Bank in Mumbai?
The salary of a Branch Manager and Assistant Vice President at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank ₹14.0 Lakhs to ₹17.8 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 Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai?
The salary growth for a Branch Manager and Assistant Vice President at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Branch Manager and Assistant Vice President in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
11 years ₹14.1 Lakhs to ₹18.0 Lakhs per year
12 years ₹14.3 Lakhs to ₹18.3 Lakhs per year
13 years ₹14.6 Lakhs to ₹18.7 Lakhs per year
14 years ₹14.9 Lakhs to ₹19.0 Lakhs per year
and so on.

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Kotak Mahindra Bank Branch Manager and Assistant Vice President salary in Mumbai ranges between ₹15.2 Lakhs to ₹21.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.