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

8 - 22 years exp.

₹16 Lakhs - ₹48 Lakhs

Salary of majority employees

10% 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. (50 salaries)	₹16.4 L/yr - ₹40 L/yr
Product Management Deputy Vice President Salary 9 - 21 years exp. (46 salaries)	₹19.7 L/yr - ₹46 L/yr
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Project & Program Management Deputy Vice President Salary 9 - 21 years exp. (21 salaries)	₹23.4 L/yr - ₹43.2 L/yr
Sales & Business Development Deputy Vice President Salary 9 - 21 years exp. (19 salaries)	₹18 L/yr - ₹45 L/yr
Finance & Accounting Deputy Vice President Salary 8 - 19 years exp. (17 salaries)	₹18 L/yr - ₹38 L/yr

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Last Updated: 1 Feb 2025

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

Kotak Mahindra Bank Deputy Vice President Salary

8 - 22 years exp. (291 salaries)

₹16 L/yr - ₹48 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Vice President Salary 10 - 25 years exp. (494 salaries)	₹20 L/yr - ₹56 L/yr 34% more
Axis Bank Deputy Vice President Salary 10 - 25 years exp. (357 salaries)	₹17.8 L/yr - ₹51.6 L/yr 26% more
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Yes Bank Deputy Vice President Salary 9 - 11 years exp. (4 salaries)	₹26 L/yr - ₹37 L/yr 10% more
IndusInd Bank Deputy Vice President Salary 10 - 22 years exp. (162 salaries)	₹15 L/yr - ₹41 L/yr 14% less
RBL Bank Deputy Vice President Salary 9 - 20 years exp. (163 salaries)	₹14 L/yr - ₹38 L/yr 14% less
Bandhan Bank Deputy Vice President Salary 12 - 21 years exp. (9 salaries)	₹25 L/yr - ₹44.4 L/yr 16% more
Utkarsh Small Finance Bank Deputy Vice President Salary 18 - 26 years exp. (7 salaries)	₹21 L/yr - ₹35 L/yr 2% less
Federal Bank Deputy Vice President Salary 11 - 17 years exp. (6 salaries)	₹34 L/yr - ₹44.5 L/yr 27% more

Deputy Vice President salary at Kotak Mahindra Bank ranges between ₹16 Lakhs to ₹48 Lakhs per year for employees with experience between 8 years to 22 years. Salary estimates are based on 291 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Deputy Vice President salaries in Mumbai

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
8 years (11 salaries)	₹23.5 L/yr - ₹36 L/yr
9 years (19 salaries)	₹22 L/yr - ₹44.5 L/yr
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10 years (34 salaries)	₹21 L/yr - ₹47.6 L/yr
11 years (31 salaries)	₹20 L/yr - ₹47 L/yr
12 years (36 salaries)	₹18 L/yr - ₹44 L/yr
13 years (17 salaries)	₹20.5 L/yr - ₹48 L/yr
14 years (24 salaries)	₹21.5 L/yr - ₹42 L/yr
15+ years (119 salaries)	₹16 L/yr - ₹46 L/yr

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From

Deputy Vice President

₹

Lakhs/yr

8 - 22 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 25 years exp.

Deputy Vice President 8 - 22 years exp.

Vice President 12 - 21 years exp.

40% hike

Senior Vice President 15 - 25 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 - ₹37 L/yr

Assistant Vice President Salary

(133 salaries)

₹11.29 L/yr - ₹35.15 L/yr

Branch Manager Salary

(133 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Deputy Branch Manager Salary

(26 salaries)

₹4.5 L/yr - ₹16 L/yr

Branch Head Salary

(24 salaries)

₹8 L/yr - ₹22 L/yr

Regional Manager Salary

(6 salaries)

₹7.5 L/yr - ₹25 L/yr

Senior Branch Manager Salary

(5 salaries)

₹7 L/yr - ₹17.38 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

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

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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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 ₹16.0 Lakhs to ₹48.0 Lakhs for experience between 8 years to 22 years. According to our estimates it is 10% less than the average Deputy Vice President Salary in India. Salary estimates are based on 291 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 10% 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 ₹56.0 Lakhs per year
Federal Bank Deputy Vice President Salary - ₹34.0 Lakhs to ₹44.5 Lakhs per year
Axis Bank Deputy Vice President Salary - ₹17.8 Lakhs to ₹51.6 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
RBL Bank Deputy Vice President Salary - ₹14.0 Lakhs to ₹38.0 Lakhs per year
IndusInd Bank Deputy Vice President Salary - ₹15.0 Lakhs to ₹41.0 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 ₹1,82,877 per month to ₹1,90,009 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 ₹16.0 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, 87% of the Kotak Mahindra Bank Deputy Vice Presidents in Mumbai reported a notice period of 3 Months, 5% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 269 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 ₹16 Lakhs to ₹48 Lakhs with an average annual salary of ₹. Salary estimates are based on 291 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Deputy Vice President salaries in Mumbai

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

Deputy Branch Manager in Ahmedabad

Cluster Head in Shivamogga

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Kotak Mahindra Bank Deputy Vice President Salary FAQs

Tell us how to improve this page.