Kotak Mahindra Bank Direct Sales Team Salaries by 5 Employees

2 - 4 years exp.

₹2.7 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

25% more than the average Direct Sales Team Salary in Banking Companies for 2 - 4 years of experience

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Salaries in different departments

Finance & Accounting Direct Sales Team Salary 2 - 3 years exp. (3 salaries)	₹2.7 L/yr - ₹3 L/yr
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Sales & Business Development Direct Sales Team Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 10 Oct 2024

Companies similar to Kotak Mahindra Bank for Direct Sales Team

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Direct Sales Team Salary 1 - 3 years exp. (7 salaries)	₹1.7 L/yr - ₹2.2 L/yr 34% less
VE Commercial Vehicles Direct Sales Team Salary 4 - 8 years exp. (8 salaries)	₹2.5 L/yr - ₹4.8 L/yr 30% more
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Cholamandalam MS General Insurance Direct Sales Team Salary 0 - 2 years exp. (6 salaries)	₹1.2 L/yr - ₹1.9 L/yr 44% less
Bharti Airtel Direct Sales Team Salary 5 - 7 years exp. (3 salaries)	₹2 L/yr - ₹3.5 L/yr 1% less
Reliance General Insurance Direct Sales Team Salary 2 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹2.4 L/yr 30% less

Direct Sales Team salary at Kotak Mahindra Bank ranges between ₹2.7 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Direct Sales Team salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
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4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr

Salary related reviews for Kotak Mahindra Bank

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

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

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

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 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

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Kotak Mahindra Bank Direct Sales Team Salary FAQs

What is the salary of Direct Sales Team at Kotak Mahindra Bank ?

The average salary of a Direct Sales Team at Kotak Mahindra Bank in India typically ranges from ₹2.7 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Direct Sales Team at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Direct Sales Team 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Direct Sales Team at Kotak Mahindra Bank in India?

The estimated take-home salary of a Direct Sales Team at Kotak Mahindra Bank in India typically ranges from ₹20,991 to ₹22,639 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 2 years to 4 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 5 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 Direct Sales Team in India?

VE Commercial Vehicles

₹2.5 Lakhs to ₹4.8 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 Direct Sales Team in companies similar to Kotak Mahindra Bank in India?

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

Bharti Airtel	₹2.0 Lakhs to ₹3.5 Lakhs per year
Reliance General Insurance	₹1.5 Lakhs to ₹2.4 Lakhs per year
IDFC FIRST Bank	₹1.7 Lakhs to ₹2.2 Lakhs per year
Cholamandalam MS General Insurance	₹1.2 Lakhs to ₹1.9 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 Direct Sales Team at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
2 years	₹2.7 Lakhs to ₹3.0 Lakhs per year
3 years	₹1.2 Lakhs to ₹3.0 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Direct Sales Team Salaries

Kotak Mahindra Bank Direct Sales Team salary in India ranges between ₹2.7 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.