Kotak Mahindra Bank Indore Credit Officer Salaries by 6 Employees (Updated 2024)

2 - 6 years exp.

₹2.4 Lakhs - ₹3 Lakhs

Salary of majority employees

25% 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 - ₹2.9 L/yr
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BFSI, Investments & Trading Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 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 - 3 years exp. (3 salaries)	₹1.9 L/yr - ₹3.2 L/yr 4% less
Axis Bank Credit Officer Salary 0 - 5 years exp. (5 salaries)	₹2.8 L/yr - ₹6.1 L/yr 35% more
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IndusInd Bank Credit Officer Salary 1 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹3 L/yr 1% more
Standard Chartered Credit Officer Salary 1 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.2 L/yr 23% less
Jana Small Finance Bank Credit Officer Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.5 L/yr 11% 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 - ₹4.8 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.9 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.1 L/yr

From

Credit Officer

₹

Lakhs/yr

0 - 6 years exp.

Senior Vice President

₹

Lakhs/yr

16 - 23 years exp.

Credit Officer 0 - 6 years exp.

Assistant Vice President 6 - 18 years exp.

661% hike

Deputy Vice President 8 - 22 years exp.

37% hike

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(29 salaries)

₹8.75 L/yr - ₹20 L/yr

Credit Analyst Salary

(9 salaries)

₹5.99 L/yr - ₹12 L/yr

Area Credit Manager Salary

(3 salaries)

₹14.76 L/yr - ₹18.25 L/yr

Salary related reviews for Kotak Mahindra Bank

2.3

Rated by 2 employees for salary & benefits

Associate Vice President in Nashik

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is such wonderful Bank to work. Bank having very good peocess and system.

Dislikes

...nd so many people act like they are running bank business like proprietary firm. Need to be appreciated the true hard working employee with salary increments as well.

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

4 participants . expiring in 22h

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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 25% 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 25% 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
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 - ₹1.9 Lakhs to ₹3.2 Lakhs per year
Standard Chartered Credit Officer Salary - ₹1.8 Lakhs to ₹2.2 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 ₹18,621 per month to ₹20,305 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 4 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.