Kotak Mahindra Bank Indore Credit Officer Salaries by 6 Employees (Updated 2025)

2 - 6 years exp.

₹2.4 Lakhs - ₹3 Lakhs

Salary of majority employees

12% less than the average Credit Officer Salary in Banking Companies for 2 - 6 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 3 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹3 L/yr
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BFSI, Investments & Trading Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3 L/yr

Last Updated: 22 Mar 2023

Companies similar to Kotak Mahindra Bank for Credit Officer in Indore

Kotak Mahindra Bank Credit Officer Salary

2 - 6 years exp. (6 salaries)

₹2.4 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Credit Officer Salary 1 - 4 years exp. (4 salaries)	₹1.4 L/yr - ₹3.2 L/yr 8% less
Axis Bank Credit Officer Salary 0 - 5 years exp. (5 salaries)	₹2.8 L/yr - ₹6.1 L/yr 32% more
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Yes Bank Credit Officer Salary 7 - 10 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr 8% more
IndusInd Bank Credit Officer Salary 1 - 3 years exp. (3 salaries)	₹2.3 L/yr - ₹3 L/yr 2% more
Jana Small Finance Bank Credit Officer Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.5 L/yr 12% more

Credit Officer salary at Kotak Mahindra Bank ranges between ₹2.4 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Officer salaries in Indore

Last Updated: 22 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.7 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.9 L/yr

From

Credit Officer

₹

Lakhs/yr

0 - 6 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 25 years exp.

Credit Officer 0 - 6 years exp.

Assistant Vice President 6 - 17 years exp.

687% hike

Deputy Vice President 8 - 22 years exp.

38% hike

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(31 salaries)

₹8.75 L/yr - ₹20 L/yr

Credit Analyst Salary

(8 salaries)

₹6.53 L/yr - ₹15 L/yr

Area Credit Manager Salary

(3 salaries)

₹13.78 L/yr - ₹18.25 L/yr

Salary related reviews for Kotak Mahindra Bank

2.3

Rated by 2 employees for salary & benefits

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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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Credit Officer Salary FAQs

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

Credit Officer salary at Kotak Mahindra Bank in Indore ranges between ₹2.4 Lakhs to ₹3.0 Lakhs for experience between 2 years to 6 years. According to our estimates it is 12% less than the average Credit Officer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank Indore.

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

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

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

Axis Bank Credit Officer Salary - ₹2.8 Lakhs to ₹6.1 Lakhs per year
Jana Small Finance Bank Credit Officer Salary - ₹2.3 Lakhs to ₹3.5 Lakhs per year
Yes Bank Credit Officer Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
IndusInd Bank Credit Officer Salary - ₹2.3 Lakhs to ₹3.0 Lakhs per year

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

ICICI Bank Credit Officer Salary - ₹1.4 Lakhs to ₹3.2 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Kotak Mahindra Bank ranges between ₹18,384 per month to ₹20,072 per month in Indore. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Officer salary in India which ranges between ₹2.4 Lakhs to ₹3.0 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Credit Officers in Indore reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Officer Salaries in Indore

Kotak Mahindra Bank Credit Officer salary in Indore ranges between ₹2.4 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.