Kotak Mahindra Bank Mumbai Credit Underwriter Salaries by 20+ Employees (Updated 2025)

0 - 7 years exp.

₹2.1 Lakhs - ₹5.5 Lakhs

Salary of majority employees

24% 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. (8 salaries)	₹2.1 L/yr - ₹5.5 L/yr
Finance & Accounting Credit Underwriter Salary 0 - 3 years exp. (4 salaries)	₹2.3 L/yr - ₹3.6 L/yr
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Risk Management & Compliance Credit Underwriter Salary 3 - 5 years exp. (3 salaries)	₹2.3 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Credit Underwriter Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

Last Updated: 3 Jan 2025

Companies similar to Kotak Mahindra Bank for Credit Underwriter in Mumbai

Kotak Mahindra Bank Credit Underwriter Salary

0 - 7 years exp. (24 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Underwriter Salary 0 - 7 years exp. (9 salaries)	₹3.1 L/yr - ₹11.3 L/yr 95% more
ICICI Bank Credit Underwriter Salary 1 - 4 years exp. (3 salaries)	₹3.5 L/yr - ₹5.6 L/yr 30% more
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Axis Bank Credit Underwriter Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹6.5 L/yr 27% more
IDFC FIRST Bank Credit Underwriter Salary 1 - 4 years exp. (6 salaries)	₹7 L/yr - ₹8.7 L/yr 85% more
Jana Small Finance Bank Credit Underwriter Salary 1 - 6 years exp. (10 salaries)	₹2 L/yr - ₹4.5 L/yr 4% less

Credit Underwriter salary at Kotak Mahindra Bank ranges between ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Credit Underwriter salaries in Mumbai

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹5.8 L/yr
1 year (7 salaries)	₹2.1 L/yr - ₹3.8 L/yr
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2 years (3 salaries)	₹2.3 L/yr - ₹4.3 L/yr
3 years (4 salaries)	₹2.3 L/yr - ₹4.5 L/yr
4 years (3 salaries)	₹3.2 L/yr - ₹7.1 L/yr
5 years (3 salaries)	₹3.9 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹1.7 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

Deputy Manager Salary

(3.3k salaries)

₹1.65 L/yr - ₹8 L/yr

Chief Manager Salary

(415 salaries)

₹7.5 L/yr - ₹31.15 L/yr

Credit Manager Salary

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₹3.63 L/yr - ₹14 L/yr

Branch Manager Salary

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₹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

Senior Associate Salary

(25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Credit Officer Salary

(17 salaries)

₹1.5 L/yr - ₹2.85 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

Top skills at Kotak Mahindra Bank for Credit Underwriter

Credit Analysis Underwriting Credit Cards Credit Underwriting

Salary related reviews for Kotak Mahindra Bank

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 Underwriter Salary FAQs

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

Credit Underwriter salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.1 Lakhs to ₹5.5 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 24% less than the average Credit Underwriter Salary in India. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Credit Underwriter at Kotak Mahindra Bank is 24% less than the average salary of a Credit Underwriter in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Underwriter at Kotak Mahindra Bank?

Credit Analysis, Underwriting, Credit Cards and Credit Underwriting are some of the popular skills required to work as a Credit Underwriter at Kotak Mahindra Bank Mumbai.

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

HDFC Bank Credit Underwriter Salary - ₹3.1 Lakhs to ₹11.3 Lakhs per year
IDFC FIRST Bank Credit Underwriter Salary - ₹7.0 Lakhs to ₹8.7 Lakhs per year
ICICI Bank Credit Underwriter Salary - ₹3.5 Lakhs to ₹5.6 Lakhs per year
Axis Bank Credit Underwriter Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year

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

Jana Small Finance Bank Credit Underwriter Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Credit Underwriter at Kotak Mahindra Bank ranges between ₹28,341 per month to ₹29,730 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Credit Underwriter salary in India which ranges between ₹2.1 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Credit Underwriter at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 75% of the Kotak Mahindra Bank Credit Underwriters in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Credit Underwriter Salaries in Mumbai

Kotak Mahindra Bank Credit Underwriter salary in Mumbai ranges between ₹2.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.