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

Fixed (100%)

₹2.8 Lakhs

Variable (0%)

₹0.0

11% less than the average Collection Associate Salary in Banking Companies for 1 - 8 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Collection Associate Salary 3 - 6 years exp. (6 salaries)	₹2.7 L/yr - ₹3.6 L/yr
Finance & Accounting Collection Associate Salary 1 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹3.5 L/yr
Login to view exact salary
Sales & Business Development Collection Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹2.9 L/yr
Risk Management & Compliance Collection Associate Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.3 L/yr
Customer Success, Service & Operations Collection Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.8 L/yr

Last Updated: 30 Jan 2025

Companies similar to Kotak Mahindra Bank for Collection Associate

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Collection Associate Salary 0 - 6 years exp. (18 salaries)	₹2 L/yr - ₹3.6 L/yr 10% more
IndusInd Bank Collection Associate Salary 2 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr 4% less
Login to view exact salary
HDFC Bank Collection Associate Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.8 L/yr 6% less
ICICI Bank Collection Associate Salary 1 - 9 years exp. (4 salaries)	₹2.1 L/yr - ₹5.4 L/yr 49% more
Jana Small Finance Bank Collection Associate Salary 5 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 12% more
HSBC Global Banking and Markets Collection Associate Salary 1 - 2 years exp. (3 salaries)	₹3.5 L/yr - ₹4 L/yr 32% 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.

Experience wise Kotak Mahindra Bank Collection Associate salaries

Last Updated: 30 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.8 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.5 L/yr
4 years (6 salaries)	₹2.4 L/yr - ₹3.5 L/yr
5 years (4 salaries)	₹2.6 L/yr - ₹3.1 L/yr
6 years (5 salaries)	₹2.4 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.2 L/yr
8 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.3 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Senior Associate Salary

(119 salaries)

₹1.4 L/yr - ₹4 L/yr

Collection Officer Salary

(50 salaries)

₹1.6 L/yr - ₹4.8 L/yr

Process Associate Salary

(52 salaries)

₹1.2 L/yr - ₹3.3 L/yr

Account Assistant Salary

(23 salaries)

₹2 L/yr - ₹4.4 L/yr

Senior Analyst Salary

(10 salaries)

₹5.65 L/yr - ₹17.9 L/yr

Financial Analyst Salary

(13 salaries)

₹0.9 L/yr - ₹9.5 L/yr

Relationship Manager Salary

(2.3k salaries)

₹1.5 L/yr - ₹10 L/yr

Sales Executive Salary

(800 salaries)

₹1 L/yr - ₹5 L/yr

Relationship Officer Salary

(794 salaries)

₹2 L/yr - ₹6.5 L/yr

Sales Officer Salary

(338 salaries)

₹1.15 L/yr - ₹4.3 L/yr

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

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

an assistant manager

With online education becoming more popular, many professionals are opting for an Online MBA instead of a traditional one. But does it really offer the same value? Some key questions to consider: •Does it provide the same career opportunities and salary boost as a regular MBA? •How do employers view online MBAs compared to full-time programs? •Are the networking and learning experiences just as effective? •Is the cost justified by the return on investment? If you’ve completed or are considering an Online MBA, I’d love to hear your thoughts! Was it worth it for you? Why or why not? Let’s discuss!

Is an Online MBA Really Worth It?

Yes

Can be, if properly planned

19 participants . poll closed

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Collection Associate Salary FAQs

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

The average salary of a Collection Associate at Kotak Mahindra Bank in India typically ranges from ₹2.3 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Collection Associate at Kotak Mahindra Bank earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Collection Associate 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 20+ Kotak Mahindra Bank employees in India.

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 in India typically ranges from ₹19,710 to ₹21,378 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 8 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 20+ 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 Collection Associate in India?

ICICI Bank	₹2.1 Lakhs to ₹5.4 Lakhs per year
HSBC Global Banking and Markets	₹3.5 Lakhs to ₹4.0 Lakhs per year
Jana Small Finance Bank	₹2.5 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank	₹2.0 Lakhs to ₹3.6 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 Collection Associate in companies similar to Kotak Mahindra Bank in India?

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

IndusInd Bank	₹1.8 Lakhs to ₹3.2 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹2.8 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 Collection Associate at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹4.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.4 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.5 Lakhs per year

and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Collection Associate Salaries by Location

Home >
Salaries >
Kotak Mahindra Bank Salaries >
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.

Kotak Mahindra Bank Collection Associate salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Collection Associate

Latest annual salaries shared by Kotak Mahindra Bank Collection Associate

Experience wise Kotak Mahindra Bank Collection Associate salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Thane

Kotak Mahindra Bank Collection Associate Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Collection Associate Salaries by Location