Kotak Mahindra Bank Credit Underwriter Salaries by 30+ Employees (Updated 2025)

0 - 7 years exp.

₹1.8 Lakh - ₹8.5 Lakhs

Salary of majority employees

21% less than the average Credit Underwriter Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Underwriter Salary 1 - 7 years exp. (10 salaries)	₹1.8 L/yr - ₹5.5 L/yr
Finance & Accounting Credit Underwriter Salary 0 - 3 years exp. (5 salaries)	₹2.3 L/yr - ₹3.6 L/yr
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Customer Success, Service & Operations Credit Underwriter Salary 1 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹4.5 L/yr
Risk Management & Compliance Credit Underwriter Salary 3 - 5 years exp. (3 salaries)	₹2.3 L/yr - ₹3.9 L/yr

Last Updated: 27 Jan 2025

Companies similar to Kotak Mahindra Bank for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Jana Small Finance Bank Credit Underwriter Salary 1 - 8 years exp. (178 salaries)	₹1.5 L/yr - ₹5.1 L/yr 5% less
HDFC Bank Credit Underwriter Salary 0 - 8 years exp. (120 salaries)	₹3 L/yr - ₹11 L/yr 81% more
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Bandhan Bank Credit Underwriter Salary 0 - 2 years exp. (53 salaries)	₹2 L/yr - ₹9 L/yr 5% more
Axis Bank Credit Underwriter Salary 1 - 10 years exp. (53 salaries)	₹2.6 L/yr - ₹7 L/yr 31% more
ICICI Bank Credit Underwriter Salary 1 - 8 years exp. (26 salaries)	₹1.2 L/yr - ₹10.6 L/yr 58% more
IDFC FIRST Bank Credit Underwriter Salary 1 - 6 years exp. (13 salaries)	₹3.7 L/yr - ₹9.8 L/yr 77% more
RBL Bank Credit Underwriter Salary 1 - 7 years exp. (11 salaries)	₹2.2 L/yr - ₹11.5 L/yr 78% more
Yes Bank Credit Underwriter Salary 0 - 6 years exp. (10 salaries)	₹2 L/yr - ₹5.5 L/yr 19% less
City Union Bank Credit Underwriter Salary 16 - 17 years exp. (6 salaries)	₹15.6 L/yr - ₹17.9 L/yr 305% more
Federal Bank Credit Underwriter Salary 2 - 7 years exp. (5 salaries)	₹3.5 L/yr - ₹20 L/yr 188% more
IDBI Bank Credit Underwriter Salary 5 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹25 L/yr 340% more
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IndusInd Bank Credit Underwriter Salary 0 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.7 L/yr 14% less
Ujjivan Small Finance Bank Credit Underwriter Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹5.2 L/yr 5% less

Credit Underwriter salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 34 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Underwriter salaries

Last Updated: 27 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹5.8 L/yr
1 year (10 salaries)	₹1.8 L/yr - ₹3.8 L/yr
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2 years (5 salaries)	₹2.3 L/yr - ₹4.8 L/yr
3 years (6 salaries)	₹2.2 L/yr - ₹4.5 L/yr
4 years (5 salaries)	₹3.2 L/yr - ₹8.4 L/yr
5 years (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Credit Officer Salary

(96 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Credit Executive Salary

(54 salaries)

₹1.85 L/yr - ₹3.3 L/yr

Credit Analyst Salary

(243 salaries)

₹7.14 L/yr - ₹16.17 L/yr

Credit Manager Salary

(1k salaries)

₹3.77 L/yr - ₹15 L/yr

Area Credit Manager Salary

(73 salaries)

₹6.5 L/yr - ₹23.6 L/yr

Branch Manager Salary

(1.1k salaries)

₹7 L/yr - ₹26 L/yr

Senior Associate Salary

(119 salaries)

₹1.4 L/yr - ₹4 L/yr

Sales Officer Salary

(338 salaries)

₹1.15 L/yr - ₹4.3 L/yr

Deputy Manager Salary

(11.4k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Chief Manager Salary

(814 salaries)

₹8.95 L/yr - ₹30.8 L/yr

Top skills at Kotak Mahindra Bank for Credit Underwriter

Credit Analysis Underwriting Credit Cards Credit Underwriting

Salary related reviews for Kotak Mahindra Bank

4.4

Rated by 3 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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Kotak Mahindra Bank Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Kotak Mahindra Bank ?

The average salary of a Credit Underwriter at Kotak Mahindra Bank in India typically ranges from ₹1.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Credit Underwriter at Kotak Mahindra Bank earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Credit Underwriter 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 30+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Credit Underwriter at Kotak Mahindra Bank in India typically ranges from ₹28,887 to ₹30,268 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 30+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Underwriter at Kotak Mahindra Bank ?

To be a Credit Underwriter at Kotak Mahindra Bank in india, the key skills required include:

- Credit Analysis
- Underwriting
- Credit Cards
- Credit Underwriting

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for Credit Underwriter in India?

IDBI Bank	₹7.5 Lakhs to ₹25.0 Lakhs per year
City Union Bank	₹15.6 Lakhs to ₹17.9 Lakhs per year
Federal Bank	₹3.5 Lakhs to ₹20.0 Lakhs per year
HDFC Bank	₹3.0 Lakhs to ₹11.0 Lakhs per year
RBL Bank	₹2.2 Lakhs to ₹11.5 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 Underwriter in companies similar to Kotak Mahindra Bank in India?

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

IDFC FIRST Bank	₹3.7 Lakhs to ₹9.8 Lakhs per year
ICICI Bank	₹1.2 Lakhs to ₹10.6 Lakhs per year
Axis Bank	₹2.6 Lakhs to ₹7.0 Lakhs per year
Bandhan Bank	₹2.0 Lakhs to ₹9.0 Lakhs per year
Ujjivan Small Finance Bank	₹2.5 Lakhs to ₹5.2 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 Underwriter at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹5.8 Lakhs per year
1 year	₹1.8 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹4.8 Lakhs per year
3 years	₹2.2 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Credit Underwriter Salaries

Kotak Mahindra Bank Credit Underwriter salary in India ranges between ₹1.8 Lakh to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.