Kotak Mahindra Bank Mumbai Credit Officer Salaries by 10+ Employees

0 - 5 years exp.

₹1.5 Lakh - ₹2.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% 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. (9 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. (15 salaries)

₹1.5 L/yr - ₹2.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Credit Officer Salary 0 - 8 years exp. (28 salaries)	₹2.9 L/yr - ₹5 L/yr 99% more
RBL Bank Credit Officer Salary 1 - 7 years exp. (24 salaries)	₹2 L/yr - ₹4.4 L/yr 31% more
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ICICI Bank Credit Officer Salary 0 - 7 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 55% more
IndusInd Bank Credit Officer Salary 1 - 7 years exp. (9 salaries)	₹1.5 L/yr - ₹3.2 L/yr 24% more
Federal Bank Credit Officer Salary 1 - 3 years exp. (8 salaries)	₹4.7 L/yr - ₹16 L/yr 371% more
Axis Bank Credit Officer Salary 1 - 6 years exp. (8 salaries)	₹2.5 L/yr - ₹5 L/yr 73% more	1 job opening
Yes Bank Credit Officer Salary 2 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 25% more
Bank of Baroda Credit Officer Salary 5 - 12 years exp. (5 salaries)	₹8 L/yr - ₹15 L/yr 541% more
IDFC FIRST Bank Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.8 L/yr 15% more
Union Bank of India Credit Officer Salary 8 - 10 years exp. (3 salaries)	₹8.8 L/yr - ₹10.7 L/yr 377% 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 15 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)	₹1.9 L/yr - ₹2.4 L/yr
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
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2 years (5 salaries)	₹1.5 L/yr - ₹2.9 L/yr
3 years (5 salaries)	₹1.7 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr

View all

From

Credit Officer

₹

Lakhs/yr

0 - 6 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Credit Officer

0 - 6 years exp.

Assistant Vice President

6 - 18 years exp.

677% hike

Deputy Vice President

8 - 23 years exp.

30% hike

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

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Credit Manager Salary

(231 salaries)

₹3.75 L/yr - ₹13 L/yr

Branch Manager Salary

(142 salaries)

₹10 L/yr - ₹30 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹4 L/yr

Credit Analyst Salary

(58 salaries)

₹9.81 L/yr - ₹22 L/yr

Credit Underwriter Salary

(24 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Area Credit Manager Salary

(12 salaries)

₹7 L/yr - ₹18 L/yr

Credit Executive Salary

(7 salaries)

₹1.85 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

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Credit Officer Salary FAQs

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

The average salary of a Credit Officer at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹2.9 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Credit Officer in Mumbai at Kotak Mahindra Bank earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹2.9 Lakhs per year. Credit 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 10+ Kotak Mahindra Bank employees in India.

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 in Mumbai typically ranges from ₹15,434 to ₹17,039 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.9 Lakhs per year for employees with experience ranging from Fresher to 5 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 10+ 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 Credit Officer in India?

Bank of Baroda	₹8.0 Lakhs to ₹15.0 Lakhs per year
Union Bank of India	₹8.8 Lakhs to ₹10.7 Lakhs per year
Federal Bank	₹4.7 Lakhs to ₹16.0 Lakhs per year
Ujjivan Small Finance Bank	₹2.9 Lakhs to ₹5.0 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹5.0 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 Credit Officer in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Credit Officer at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹2.5 Lakhs to ₹4.5 Lakhs per year
RBL Bank	₹2.0 Lakhs to ₹4.4 Lakhs per year
Yes Bank	₹2.4 Lakhs to ₹3.2 Lakhs per year
IndusInd Bank	₹1.5 Lakhs to ₹3.2 Lakhs per year
IDFC FIRST Bank	₹2.2 Lakhs to ₹2.8 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 Credit Officer at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹2.4 Lakhs per year
1 year	₹1.9 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.5 Lakhs to ₹2.9 Lakhs per year
3 years	₹1.7 Lakhs to ₹2.9 Lakhs per year

and so on.

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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 15 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.