Kotak Mahindra Bank Chennai Credit Officer Salaries by 5 Employees (Updated 2025)

1 - 5 years exp.

₹1.8 Lakh - ₹3.9 Lakhs

Salary of majority employees

26% less than the average Credit Officer Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Credit Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.6 L/yr
Finance & Accounting Credit Officer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.9 L/yr
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BFSI, Investments & Trading Credit Officer Salary 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.4 L/yr

Last Updated: 11 Jan 2024

Companies similar to Kotak Mahindra Bank for Credit Officer in Chennai

Kotak Mahindra Bank Credit Officer Salary

1 - 5 years exp. (5 salaries)

₹1.8 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Officer Salary 1 - 6 years exp. (20 salaries)	₹1.5 L/yr - ₹3.6 L/yr At par
ICICI Bank Credit Officer Salary 2 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹4.2 L/yr 7% less
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Axis Bank Credit Officer Salary 0 - 5 years exp. (10 salaries)	₹1.2 L/yr - ₹4.4 L/yr 5% more	1 job opening
Yes Bank Credit Officer Salary 2 - 10 years exp. (5 salaries)	₹2 L/yr - ₹3.5 L/yr 7% more
IndusInd Bank Credit Officer Salary 2 - 6 years exp. (4 salaries)	₹1.7 L/yr - ₹2.7 L/yr 9% less
RBL Bank Credit Officer Salary 1 - 7 years exp. (13 salaries)	₹1.4 L/yr - ₹4 L/yr 4% less
Karur Vysya Bank Credit Officer Salary 8 - 11 years exp. (4 salaries)	₹7.5 L/yr - ₹12.1 L/yr 293% more
City Union Bank Credit Officer Salary 5 - 9 years exp. (4 salaries)	₹6.6 L/yr - ₹8.3 L/yr 176% more
Canara Bank Credit Officer Salary 8 - 10 years exp. (3 salaries)	₹11 L/yr - ₹16 L/yr 427% more
Bank of Baroda Credit Officer Salary 7 - 11 years exp. (3 salaries)	₹9.5 L/yr - ₹14.5 L/yr 431% more

Credit Officer salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹3.9 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Officer salaries in Chennai

Last Updated: 11 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.6 L/yr
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.7 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.9 L/yr

From

Credit Officer

₹

Lakhs/yr

1 - 6 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Credit Officer 1 - 6 years exp.

Assistant Vice President 6 - 18 years exp.

668% hike

Deputy Vice President 8 - 22 years exp.

35% hike

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(665 salaries)

₹1.8 L/yr - ₹8 L/yr

Credit Manager Salary

(39 salaries)

₹3.97 L/yr - ₹13.2 L/yr

Branch Manager Salary

(36 salaries)

₹9 L/yr - ₹20 L/yr

Sales Officer Salary

(32 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindra Bank

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

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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Kotak Mahindra Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Kotak Mahindra Bank Chennai?

Credit Officer salary at Kotak Mahindra Bank in Chennai ranges between ₹1.8 Lakhs to ₹3.9 Lakhs for experience between 1 years to 5 years. According to our estimates it is 26% less than the average Credit Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Chennai.

How does the salary of a Credit Officer at Kotak Mahindra Bank Chennai compare with the average salary range for this job?

The average salary of a Credit Officer at Kotak Mahindra Bank is 26% less than the average salary of a Credit Officer in Chennai. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Credit Officer in Chennai?

Bank of Baroda Credit Officer Salary - ₹9.5 Lakhs to ₹14.5 Lakhs per year
Canara Bank Credit Officer Salary - ₹11.0 Lakhs to ₹16.0 Lakhs per year
Karur Vysya Bank Credit Officer Salary - ₹7.5 Lakhs to ₹12.1 Lakhs per year
City Union Bank Credit Officer Salary - ₹6.6 Lakhs to ₹8.3 Lakhs per year
Yes Bank Credit Officer Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year

What is the salary of a Credit Officer in companies similar to Kotak Mahindra Bank in Chennai?

Axis Bank Credit Officer Salary - ₹1.2 Lakhs to ₹4.4 Lakhs per year
HDFC Bank Credit Officer Salary - ₹1.5 Lakhs to ₹3.6 Lakhs per year
RBL Bank Credit Officer Salary - ₹1.4 Lakhs to ₹4.0 Lakhs per year
ICICI Bank Credit Officer Salary - ₹2.4 Lakhs to ₹4.2 Lakhs per year
IndusInd Bank Credit Officer Salary - ₹1.7 Lakhs to ₹2.7 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Kotak Mahindra Bank ranges between ₹18,740 per month to ₹20,422 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Officer salary in India which ranges between ₹1.8 Lakhs to ₹3.9 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Officer at Kotak Mahindra Bank in Chennai?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Credit Officers in Chennai reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Officer Salaries in Chennai

Kotak Mahindra Bank Credit Officer salary in Chennai ranges between ₹1.8 Lakh to ₹3.9 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.