Kotak Mahindra Bank Collection Officer Salaries by 40+ Employees (Updated 2025)

2 - 6 years exp.

₹1.6 Lakh - ₹4.1 Lakhs

Salary of majority employees

At par with the average Collection Officer Salary in Banking Companies for 2 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collection Officer Salary 2 - 5 years exp. (11 salaries)	₹1.6 L/yr - ₹3.1 L/yr
Finance & Accounting Collection Officer Salary 2 - 6 years exp. (9 salaries)	₹2.4 L/yr - ₹3.7 L/yr
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Customer Success, Service & Operations Collection Officer Salary 2 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr
Marketing & Communication Collection Officer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 23 Feb 2025

Companies similar to Kotak Mahindra Bank for Collection Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Officer Salary 0 - 8 years exp. (363 salaries)	₹1.2 L/yr - ₹4 L/yr 6% less
Ujjivan Small Finance Bank Collection Officer Salary 0 - 8 years exp. (244 salaries)	₹1.3 L/yr - ₹4.2 L/yr 9% more
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Jana Small Finance Bank Collection Officer Salary 1 - 6 years exp. (214 salaries)	₹1.3 L/yr - ₹4 L/yr 14% less
Bandhan Bank Collection Officer Salary 0 - 8 years exp. (113 salaries)	₹1.2 L/yr - ₹4.3 L/yr 1% more
Utkarsh Small Finance Bank Collection Officer Salary 1 - 7 years exp. (98 salaries)	₹1.4 L/yr - ₹4.6 L/yr 3% more	2 job openings
IDFC FIRST Bank Collection Officer Salary 1 - 9 years exp. (97 salaries)	₹1.8 L/yr - ₹4 L/yr 1% more
IndusInd Bank Collection Officer Salary 0 - 10 years exp. (97 salaries)	₹1 L/yr - ₹4.8 L/yr At par
ICICI Bank Collection Officer Salary 2 - 7 years exp. (60 salaries)	₹1.2 L/yr - ₹3.6 L/yr 9% less
RBL Bank Collection Officer Salary 0 - 6 years exp. (39 salaries)	₹1.8 L/yr - ₹3.8 L/yr 9% less
Axis Bank Collection Officer Salary 1 - 10 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 6% less
Bank of Baroda Collection Officer Salary 2 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr 12% more
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Union Bank of India Collection Officer Salary 2 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹2.4 L/yr 14% less

Collection Officer salary at Kotak Mahindra Bank ranges between ₹1.6 Lakh to ₹4.1 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 49 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Collection Officer salaries

Last Updated: 23 Feb 2025

Experience	Avg Annual Salary
2 years (8 salaries)	₹2 L/yr - ₹3.5 L/yr
3 years (14 salaries)	₹1.6 L/yr - ₹3.3 L/yr
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4 years (12 salaries)	₹2 L/yr - ₹4.1 L/yr
5 years (11 salaries)	₹2 L/yr - ₹3.7 L/yr
6 years (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr

From

Collection Officer

2 - 6 years exp.

Collection Supervisor

1 - 4 years exp.

From

View 1 more level

Collection Officer

2 - 6 years exp.

Area Collection Manager

6 - 19 years exp.

From

View 1 more level

Collection Officer

2 - 6 years exp.

Head Location Recovery

10 - 20 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

Collections Manager Salary

(307 salaries)

₹1.75 L/yr - ₹9.83 L/yr

Senior Collection Officer Salary

(3 salaries)

₹2.4 L/yr - ₹2.5 L/yr

Collection Associate Salary

(22 salaries)

₹2.34 L/yr - ₹3.55 L/yr

Sales Officer Salary

(342 salaries)

₹1.15 L/yr - ₹4.3 L/yr

Relationship Officer Salary

(671 salaries)

₹2 L/yr - ₹6.5 L/yr

Field Officer Salary

(5 salaries)

₹2 L/yr - ₹2.8 L/yr

Recovery Officer Salary

(13 salaries)

₹1.7 L/yr - ₹2.7 L/yr

Area Collection Manager Salary

(74 salaries)

₹6.05 L/yr - ₹16.25 L/yr

Officer Salary

(21 salaries)

₹1.8 L/yr - ₹4 L/yr

Computer Operator Salary

(16 salaries)

₹1 L/yr - ₹4.5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.7

Rated by 20 employees for salary & benefits

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

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

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Kotak Mahindra Bank Collection Officer Salary FAQs

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

The average salary of a Collection Officer at Kotak Mahindra Bank in India typically ranges from ₹1.6 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Collection Officer at Kotak Mahindra Bank earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Collection 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 40+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Collection Officer at Kotak Mahindra Bank in India typically ranges from ₹19,423 to ₹21,095 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 2 years 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 40+ 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 Officer in India?

Bank of Baroda	₹2.5 Lakhs to ₹3.6 Lakhs per year
Ujjivan Small Finance Bank	₹1.3 Lakhs to ₹4.2 Lakhs per year
Utkarsh Small Finance Bank	₹1.4 Lakhs to ₹4.6 Lakhs per year
Bandhan Bank	₹1.2 Lakhs to ₹4.3 Lakhs per year
IDFC FIRST Bank	₹1.8 Lakhs to ₹4.0 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 Collection Officer in companies similar to Kotak Mahindra Bank in India?

The salary of a Collection Officer 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	₹1.0 Lakhs to ₹4.8 Lakhs per year
Axis Bank	₹1.2 Lakhs to ₹3.8 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹4.0 Lakhs per year
ICICI Bank	₹1.2 Lakhs to ₹3.6 Lakhs per year
RBL Bank	₹1.8 Lakhs to ₹3.8 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 Officer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
2 years	₹2.0 Lakhs to ₹3.5 Lakhs per year
3 years	₹1.6 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.0 Lakhs to ₹4.1 Lakhs per year
5 years	₹2.0 Lakhs to ₹3.7 Lakhs per year

and so on.

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Kotak Mahindra Bank Collection Officer Salaries by Location

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Kotak Mahindra Bank Collection Officer Salaries

Kotak Mahindra Bank Collection Officer salary in India ranges between ₹1.6 Lakh to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 49 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Collection Officer

Latest annual salaries shared by Kotak Mahindra Bank Collection Officer

Experience wise Kotak Mahindra Bank Collection Officer salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Relationship Officer in Visakhapatnam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Collection Officer Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Collection Officer Salaries by Location