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

10 - 21 years exp.

₹19 Lakhs - ₹46 Lakhs

Salary of majority employees

Fixed (88%)

₹26.3 Lakhs

Variable (12%)

₹3.6 Lakhs

At par with the average DVP Salary in Banking Companies for 10 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading DVP Salary 10 - 19 years exp. (7 salaries)	₹23.5 L/yr - ₹46 L/yr
Customer Success, Service & Operations DVP Salary 18 - 20 years exp. (AmbitionBox Estimate)	₹19 L/yr - ₹26.2 L/yr
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Sales & Business Development DVP Salary 10 - 20 years exp. (AmbitionBox Estimate)	₹24 L/yr - ₹32 L/yr
Risk Management & Compliance DVP Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹28.3 L/yr - ₹29.9 L/yr

Last Updated: 25 Feb 2025

Companies similar to Kotak Mahindra Bank for DVP in Mumbai

Kotak Mahindra Bank DVP Salary

10 - 21 years exp. (20 salaries)

₹19 L/yr - ₹46 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank DVP Salary 12 - 24 years exp. (49 salaries)	₹23 L/yr - ₹48 L/yr 26% more
Axis Bank DVP Salary 12 - 20 years exp. (38 salaries)	₹22 L/yr - ₹53 L/yr 25% more
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IndusInd Bank DVP Salary 10 - 22 years exp. (50 salaries)	₹13 L/yr - ₹36.5 L/yr 14% less
RBL Bank DVP Salary 9 - 21 years exp. (27 salaries)	₹17 L/yr - ₹32 L/yr 14% less
Bandhan Bank DVP Salary 14 - 18 years exp. (5 salaries)	₹31 L/yr - ₹42 L/yr 15% more

DVP salary at Kotak Mahindra Bank ranges between ₹19 Lakhs to ₹46 Lakhs per year for employees with experience between 10 years to 21 years. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank DVP salaries in Mumbai

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
10 years (4 salaries)	₹23.5 L/yr - ₹53.5 L/yr
11 years (3 salaries)	₹28.5 L/yr - ₹32.2 L/yr
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12 years (AmbitionBox Estimate)	₹28 L/yr - ₹53.6 L/yr
13 years (AmbitionBox Estimate)	₹26.8 L/yr - ₹34.3 L/yr
14 years (AmbitionBox Estimate)	₹28.3 L/yr - ₹53.7 L/yr
15+ years (10 salaries)	₹19 L/yr - ₹46 L/yr

View all

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Senior Manager Credit Salary

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Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 4 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

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

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

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Skill development - Excellent

+4 more

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

Salary - Bad

+1 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank DVP Salary FAQs

What is the salary of DVP at Kotak Mahindra Bank Mumbai?

DVP salary at Kotak Mahindra Bank in Mumbai ranges between ₹19.0 Lakhs to ₹46.0 Lakhs for experience between 10 years to 21 years. According to our estimates it is 3% less than the average DVP Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a DVP at Kotak Mahindra Bank is 3% less than the average salary of a DVP in Mumbai. To know exact salary insights, login to view.

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

HDFC Bank DVP Salary - ₹23.0 Lakhs to ₹48.0 Lakhs per year
Axis Bank DVP Salary - ₹22.0 Lakhs to ₹53.0 Lakhs per year
Bandhan Bank DVP Salary - ₹31.0 Lakhs to ₹42.0 Lakhs per year

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

IndusInd Bank DVP Salary - ₹13.0 Lakhs to ₹36.5 Lakhs per year
RBL Bank DVP Salary - ₹17.0 Lakhs to ₹32.0 Lakhs per year

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

The estimated take-home salary of a DVP at Kotak Mahindra Bank ranges between ₹1,84,475 per month to ₹1,91,679 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank DVP salary in India which ranges between ₹19.0 Lakhs to ₹46.0 Lakhs per year for employees with experience between 10 years to 21 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 91% of the Kotak Mahindra Bank DVPs in Mumbai reported a notice period of 3 Months, 5% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank DVP Salaries in Mumbai

Kotak Mahindra Bank DVP salary in Mumbai ranges between ₹19 Lakhs to ₹46 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.