Kotak Mahindra Bank Mumbai Credit Officer Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹1.5 Lakh - ₹2.9 Lakhs

Salary of majority employees

46% less than the average Credit Officer Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting Credit Officer Salary 0 - 5 years exp. (11 salaries)	₹2 L/yr - ₹2.9 L/yr
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BFSI, Investments & Trading Credit Officer Salary 1 - 3 years exp. (5 salaries)	₹1.5 L/yr - ₹2.2 L/yr

Last Updated: 17 Mar 2023

Companies similar to Kotak Mahindra Bank for Credit Officer in Mumbai

Kotak Mahindra Bank Credit Officer Salary

0 - 5 years exp. (17 salaries)

₹1.5 L/yr - ₹2.9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Officer Salary 1 - 8 years exp. (17 salaries)	₹1.5 L/yr - ₹3.5 L/yr 25% more
ICICI Bank Credit Officer Salary 0 - 9 years exp. (12 salaries)	₹2.5 L/yr - ₹4.5 L/yr 23% more
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Axis Bank Credit Officer Salary 1 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹5 L/yr 67% more
State Bank of India Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹12 L/yr - ₹17 L/yr 570% more
Yes Bank Credit Officer Salary 2 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 27% more
IndusInd Bank Credit Officer Salary 1 - 7 years exp. (10 salaries)	₹1.5 L/yr - ₹3.2 L/yr 27% more
IDFC FIRST Bank Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.4 L/yr 8% more
RBL Bank Credit Officer Salary 1 - 8 years exp. (28 salaries)	₹2 L/yr - ₹4.4 L/yr 36% more
Federal Bank Credit Officer Salary 1 - 3 years exp. (8 salaries)	₹4.7 L/yr - ₹16 L/yr 395% more
Ujjivan Small Finance Bank Credit Officer Salary 3 - 8 years exp. (28 salaries)	₹3 L/yr - ₹5 L/yr 104% more
Bank of Baroda Credit Officer Salary 5 - 12 years exp. (6 salaries)	₹8 L/yr - ₹14 L/yr 531% more
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Union Bank of India Credit Officer Salary 8 - 10 years exp. (3 salaries)	₹8.8 L/yr - ₹10.7 L/yr 388% more

Credit Officer salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹2.9 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Officer salaries in Mumbai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.6 L/yr
1 year (AmbitionBox Estimate)	₹1.7 L/yr - ₹3.7 L/yr
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2 years (5 salaries)	₹1.5 L/yr - ₹2.9 L/yr
3 years (6 salaries)	₹1.7 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.3 L/yr
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

View all

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 - 18 years exp.

666% hike

Deputy Vice President 8 - 22 years exp.

39% hike

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.3k salaries)

₹1.65 L/yr - ₹8 L/yr

Credit Manager Salary

(243 salaries)

₹3.63 L/yr - ₹14 L/yr

Branch Manager Salary

(134 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹3.7 L/yr

Credit Analyst Salary

(54 salaries)

₹5 L/yr - ₹18.5 L/yr

Credit Underwriter Salary

(24 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Area Credit Manager Salary

(13 salaries)

₹7 L/yr - ₹18 L/yr

Credit Executive Salary

(8 salaries)

₹1.8 L/yr - ₹3.3 L/yr

Officer Salary

(7 salaries)

₹1.8 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 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

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.

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Credit Officer Salary FAQs

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

Credit Officer salary at Kotak Mahindra Bank in Mumbai ranges between ₹1.5 Lakhs to ₹2.9 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 46% less than the average Credit Officer Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Credit Officer at Kotak Mahindra Bank is 46% less than the average salary of a Credit Officer in Mumbai. To know exact salary insights, login to view.

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

State Bank of India Credit Officer Salary - ₹12.0 Lakhs to ₹17.0 Lakhs per year
Bank of Baroda Credit Officer Salary - ₹8.0 Lakhs to ₹14.0 Lakhs per year
Federal Bank Credit Officer Salary - ₹4.7 Lakhs to ₹16.0 Lakhs per year
Union Bank of India Credit Officer Salary - ₹8.8 Lakhs to ₹10.7 Lakhs per year
Ujjivan Small Finance Bank Credit Officer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year

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

Axis Bank Credit Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
RBL Bank Credit Officer Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
IndusInd Bank Credit Officer Salary - ₹1.5 Lakhs to ₹3.2 Lakhs per year
Yes Bank Credit Officer Salary - ₹2.4 Lakhs to ₹3.2 Lakhs per year
HDFC Bank Credit Officer Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Credit Officer at Kotak Mahindra Bank ranges between ₹15,066 per month to ₹16,640 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Officer salary in India which ranges between ₹1.5 Lakhs to ₹2.9 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

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Kotak Mahindra Bank Credit Officer Salaries in Mumbai

Kotak Mahindra Bank Credit Officer salary in Mumbai ranges between ₹1.5 Lakh to ₹2.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Credit Officer salaries in Mumbai

Companies similar to Kotak Mahindra Bank for Credit Officer in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Credit Officer in Mumbai

Experience wise Kotak Mahindra Bank Credit Officer salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Credit Officer Salary FAQs

Tell us how to improve this page.