Kotak Mahindra Bank Collection Associate Salaries by 20+ Employees (Updated 2025)

1 - 8 years exp.

₹2.3 Lakhs - ₹3.6 Lakhs

Salary of majority employees

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12% less than the average Collection Associate Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collection Associate Salary 3 - 6 years exp. (6 salaries)	Unlock ₹2.7 L/yr - ₹3.6 L/yr
Finance & Accounting Collection Associate Salary 1 - 6 years exp. (4 salaries)	Unlock ₹2.3 L/yr - ₹3.5 L/yr
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Sales & Business Development Collection Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	Unlock ₹2.9 L/yr - ₹3 L/yr
Risk Management & Compliance Collection Associate Salary 6 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹3.3 L/yr
Customer Success, Service & Operations Collection Associate Salary 4 years exp. (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹2.6 L/yr

Last Updated: 30 Jan 2025

Companies similar to Kotak Mahindra Bank for Collection Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Associate Salary 0 - 4 years exp. (5 salaries)	Unlock ₹2 L/yr - ₹2.8 L/yr 5% less
ICICI Bank Collection Associate Salary 1 - 9 years exp. (4 salaries)	Unlock ₹2.1 L/yr - ₹5.4 L/yr 50% more
Login to view exact salary
IndusInd Bank Collection Associate Salary 2 - 5 years exp. (5 salaries)	Unlock ₹1.8 L/yr - ₹3.2 L/yr 4% less
IDFC FIRST Bank Collection Associate Salary 0 - 6 years exp. (18 salaries)	Unlock ₹2 L/yr - ₹3.6 L/yr 11% more
Jana Small Finance Bank Collection Associate Salary 5 - 7 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr 13% more
HSBC Global Banking and Markets Collection Associate Salary 1 - 2 years exp. (3 salaries)	Unlock ₹3.5 L/yr - ₹4 L/yr 33% more

Collection Associate salary at Kotak Mahindra Bank ranges between ₹2.3 Lakhs to ₹3.6 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.

Latest annual salaries shared by Kotak Mahindra Bank Collection Associate

2w ago

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5 years exp.

1mo ago

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8 years exp.

1mo ago

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1 year exp.

2mo ago

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6 years exp.

4mo ago

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6 years exp.

4mo ago

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5 years exp.

4mo ago

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1 year exp.

5mo ago

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6 years exp.

6mo ago

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6 years exp.

7mo ago

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7 years exp.

Experience wise Kotak Mahindra Bank Collection Associate salaries

Last Updated: 30 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹2.7 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3.1 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3.5 L/yr
4 years (6 salaries)	Unlock ₹2.4 L/yr - ₹3.5 L/yr
5 years (4 salaries)	Unlock ₹2.6 L/yr - ₹3.1 L/yr
6 years (5 salaries)	Unlock ₹2.4 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹1.1 L/yr - ₹3.2 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹1.2 L/yr - ₹3.3 L/yr

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₹2 L/yr - ₹4.4 L/yr

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₹4.3 L/yr - ₹12.5 L/yr

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Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 12 employees for salary & benefits

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

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

see more salary related reviews

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Kotak Mahindra Bank Collection Associate Salary FAQs

What is the salary of Collection Associate at Kotak Mahindra Bank?

Collection Associate salary at Kotak Mahindra Bank in India ranges between ₹2.3 Lakhs to ₹3.6 Lakhs for experience between 1 years to 8 years. According to our estimates it is 12% less than the average Collection Associate Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Collection Associate at Kotak Mahindra Bank is 12% less than the average salary of a Collection Associate in India. To know exact salary insights, login to view.

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

ICICI Bank Collection Associate Salary - ₹2.1 Lakhs to ₹5.4 Lakhs per year
HSBC Global Banking and Markets Collection Associate Salary - ₹3.5 Lakhs to ₹4.0 Lakhs per year
Jana Small Finance Bank Collection Associate Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank Collection Associate Salary - ₹2.0 Lakhs to ₹3.6 Lakhs per year

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

IndusInd Bank Collection Associate Salary - ₹1.8 Lakhs to ₹3.2 Lakhs per year
HDFC Bank Collection Associate Salary - ₹2.0 Lakhs to ₹2.8 Lakhs per year

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

The estimated take-home salary of a Collection Associate at Kotak Mahindra Bank ranges between ₹19,558 per month to ₹21,228 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Collection Associate salary in India which ranges between ₹2.3 Lakhs to ₹3.6 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 Collection Associate at Kotak Mahindra Bank?

According to AmbitionBox, 81% of the Kotak Mahindra Bank Collection Associates reported a notice period of 1 Month, 12% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 27 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Collection Associate Salaries

Kotak Mahindra Bank Collection Associate salary in India ranges between ₹2.3 Lakhs to ₹3.6 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.