Kotak Mahindra Bank Mumbai Deputy Vice President Salaries by 200+ Employees (Updated 2025)

8 - 22 years exp.

₹12.7 Lakhs - ₹48 Lakhs

Salary of majority employees

Fixed (89%)

₹25.2 Lakhs

Variable (11%)

₹3.2 Lakhs

14% less than the average Deputy Vice President Salary in Banking Companies for 8 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Vice President Salary 8 - 21 years exp. (51 salaries)	₹16.4 L/yr - ₹40 L/yr
Product Management Deputy Vice President Salary 9 - 21 years exp. (46 salaries)	₹19.7 L/yr - ₹42 L/yr
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Project & Program Management Deputy Vice President Salary 9 - 21 years exp. (20 salaries)	₹23.4 L/yr - ₹43.2 L/yr
Finance & Accounting Deputy Vice President Salary 8 - 19 years exp. (19 salaries)	₹12.7 L/yr - ₹38 L/yr
Sales & Business Development Deputy Vice President Salary 9 - 21 years exp. (19 salaries)	₹18 L/yr - ₹45 L/yr

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Last Updated: 4 Mar 2025

Companies similar to Kotak Mahindra Bank for Deputy Vice President in Mumbai

Kotak Mahindra Bank Deputy Vice President Salary

8 - 22 years exp. (274 salaries)

₹12.7 L/yr - ₹48 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Vice President Salary 10 - 25 years exp. (495 salaries)	₹20 L/yr - ₹56.7 L/yr 40% more
Axis Bank Deputy Vice President Salary 10 - 25 years exp. (353 salaries)	₹17.8 L/yr - ₹51.6 L/yr 32% more
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Yes Bank Deputy Vice President Salary 9 - 11 years exp. (4 salaries)	₹26 L/yr - ₹37 L/yr 15% more
IndusInd Bank Deputy Vice President Salary 8 - 22 years exp. (180 salaries)	₹15 L/yr - ₹41 L/yr 5% less
RBL Bank Deputy Vice President Salary 9 - 21 years exp. (164 salaries)	₹14 L/yr - ₹37 L/yr 7% less
Bandhan Bank Deputy Vice President Salary 12 - 21 years exp. (11 salaries)	₹25 L/yr - ₹44.4 L/yr 28% more
Utkarsh Small Finance Bank Deputy Vice President Salary 18 - 26 years exp. (7 salaries)	₹21 L/yr - ₹35 L/yr 1% more
Federal Bank Deputy Vice President Salary 11 - 17 years exp. (6 salaries)	₹34 L/yr - ₹44.5 L/yr 31% more

Deputy Vice President salary at Kotak Mahindra Bank ranges between ₹12.7 Lakhs to ₹48 Lakhs per year for employees with experience between 8 years to 22 years. Salary estimates are based on 274 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Vice President salaries in Mumbai

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
8 years (11 salaries)	₹23.5 L/yr - ₹36 L/yr
9 years (18 salaries)	₹22 L/yr - ₹40 L/yr
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10 years (32 salaries)	₹19.2 L/yr - ₹45 L/yr
11 years (28 salaries)	₹20 L/yr - ₹47 L/yr
12 years (33 salaries)	₹18 L/yr - ₹44 L/yr
13 years (16 salaries)	₹20.5 L/yr - ₹48 L/yr
14 years (21 salaries)	₹21.5 L/yr - ₹42 L/yr
15+ years (115 salaries)	₹12.7 L/yr - ₹45 L/yr

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From

Deputy Vice President

₹

Lakhs/yr

8 - 22 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Deputy Vice President 8 - 22 years exp.

Vice President 12 - 21 years exp.

46% hike

Senior Vice President 15 - 24 years exp.

34% 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

Associate Vice President Salary

(718 salaries)

₹9.7 L/yr - ₹36 L/yr

Assistant Vice President Salary

(139 salaries)

₹11.29 L/yr - ₹37.95 L/yr

Branch Manager Salary

(134 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Deputy Branch Manager Salary

(29 salaries)

₹4.98 L/yr - ₹16 L/yr

Branch Head Salary

(24 salaries)

₹8 L/yr - ₹22 L/yr

Regional Manager Salary

(5 salaries)

₹7.5 L/yr - ₹17.01 L/yr

Top skills at Kotak Mahindra Bank for Deputy Vice President

Litigation TDS Transfer pricing Compensation and Benefits HRIS Performance Management Direct Tax HR Operations SID

Salary related reviews for Kotak Mahindra Bank

3.3

Rated by 23 employees for salary & benefits

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

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

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Salary - Bad

+6 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

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Deputy Vice President Salary FAQs

What is the salary of Deputy Vice President at Kotak Mahindra Bank Mumbai?

Deputy Vice President salary at Kotak Mahindra Bank in Mumbai ranges between ₹12.7 Lakhs to ₹48.0 Lakhs for experience between 8 years to 22 years. According to our estimates it is 14% less than the average Deputy Vice President Salary in India. Salary estimates are based on 274 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Deputy Vice President at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Deputy Vice President at Kotak Mahindra Bank is 14% less than the average salary of a Deputy Vice President in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Vice President at Kotak Mahindra Bank?

Litigation, TDS, Transfer pricing, Compensation and Benefits and HRIS are some of the popular skills required to work as a Deputy Vice President at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Deputy Vice President in Mumbai?

HDFC Bank Deputy Vice President Salary - ₹20.0 Lakhs to ₹56.7 Lakhs per year
Axis Bank Deputy Vice President Salary - ₹17.8 Lakhs to ₹51.6 Lakhs per year
Federal Bank Deputy Vice President Salary - ₹34.0 Lakhs to ₹44.5 Lakhs per year
Bandhan Bank Deputy Vice President Salary - ₹25.0 Lakhs to ₹44.4 Lakhs per year
Yes Bank Deputy Vice President Salary - ₹26.0 Lakhs to ₹37.0 Lakhs per year

What is the salary of a Deputy Vice President in companies similar to Kotak Mahindra Bank in Mumbai?

Utkarsh Small Finance Bank Deputy Vice President Salary - ₹21.0 Lakhs to ₹35.0 Lakhs per year
IndusInd Bank Deputy Vice President Salary - ₹15.0 Lakhs to ₹41.0 Lakhs per year
RBL Bank Deputy Vice President Salary - ₹14.0 Lakhs to ₹37.0 Lakhs per year

What is the estimated take home salary of a Deputy Vice President at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Deputy Vice President at Kotak Mahindra Bank ranges between ₹1,76,399 per month to ₹1,83,238 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Deputy Vice President salary in India which ranges between ₹12.7 Lakhs to ₹48.0 Lakhs per year for employees with experience between 8 years to 22 years. Check how did we calculate take home salary?

What is the notice period for Deputy Vice President at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 86% of the Kotak Mahindra Bank Deputy Vice Presidents in Mumbai reported a notice period of 3 Months, 6% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 271 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Deputy Vice President Salaries in Mumbai

Kotak Mahindra Bank Deputy Vice President salary in Mumbai ranges between ₹12.7 Lakhs to ₹48 Lakhs with an average annual salary of ₹. Salary estimates are based on 274 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Vice President salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra Bank for Deputy Vice President in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Deputy Vice President in Mumbai

Experience wise Kotak Mahindra Bank Deputy Vice President salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Deputy Vice President

Salary related reviews for Kotak Mahindra Bank

Deputy Vice President in Indore

Associate Vice President in Noida

Deputy Branch Manager in Ahmedabad

Cluster Head in Shivamogga

Assistant Vice President in Ernakulam

Kotak Mahindra Bank Deputy Vice President Salary FAQs

Tell us how to improve this page.