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Kotak Mahindra Bank

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3.7

based on 17.6k Reviews

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Kotak Mahindra Bank Salaries in Mumbai (Updated 2025)

based on 22.7k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Customer Success, Service & Operations Finance & Accounting Sales & Business Development + 6 more
Designation Avg Annual Salary Open Jobs

Cashier

0 - 5 years exp. · Mumbai (20 salaries)
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₹2 L/yr - ₹3.5 L/yr

Deputy Manager Authorizer

3 - 7 years exp. · Mumbai (20 salaries)
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₹3 L/yr - ₹6 L/yr

NRI Relationship Manager

2 - 11 years exp. · Mumbai (19 salaries)
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₹3.5 L/yr - ₹10.2 L/yr

Senior Manager Legal

7 - 12 years exp. · Mumbai (18 salaries)
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₹8 L/yr - ₹17 L/yr

DVP

10 - 21 years exp. · Mumbai (18 salaries)
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₹19 L/yr - ₹32.2 L/yr

Executive Accountant

1 - 4 years exp. · Mumbai (18 salaries)
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₹1.7 L/yr - ₹3.6 L/yr

Marketing Manager

2 - 8 years exp. · Mumbai (18 salaries)
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₹7 L/yr - ₹15 L/yr

CPA Executive

1 - 6 years exp. · Mumbai (18 salaries)
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₹1.5 L/yr - ₹2.8 L/yr

Sales Associate

0 - 4 years exp. · Mumbai (17 salaries)
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₹1.5 L/yr - ₹3.6 L/yr

Accountant

1 - 8 years exp. · Mumbai (17 salaries)
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₹2 L/yr - ₹3.5 L/yr

Banking Assistant

1 - 5 years exp. · Mumbai (17 salaries)
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₹1.5 L/yr - ₹4.3 L/yr

Manager M1

2 - 12 years exp. · Mumbai (17 salaries)
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₹3.4 L/yr - ₹9 L/yr

Customer Service Manager

2 - 8 years exp. · Mumbai (17 salaries)
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₹2.5 L/yr - ₹5.5 L/yr

Senior Branch Relationship Manager

4 - 9 years exp. · Mumbai (17 salaries)
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₹6.4 L/yr - ₹9.6 L/yr

SME

1 - 6 years exp. · Mumbai (16 salaries)
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₹2 L/yr - ₹5 L/yr

Manager 3

3 - 12 years exp. · Mumbai (16 salaries)
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₹4.8 L/yr - ₹8.4 L/yr

Business Relationship Manager

0 - 6 years exp. · Mumbai (16 salaries)
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₹3 L/yr - ₹7 L/yr

Senior Manager Internal Audit

1 - 9 years exp. · Mumbai (16 salaries)
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₹7.8 L/yr - ₹15 L/yr

Senior Credit Analyst

1 - 6 years exp. · Mumbai (16 salaries)
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₹8 L/yr - ₹15.8 L/yr

Legal Executive

1 - 6 years exp. · Mumbai (16 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

Last Updated: 9 Apr, 2025

What people are saying about Kotak Mahindra Bank

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a manager
1w
Ambiguity in JOB offer.
I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.
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Salary related reviews for Kotak Mahindra Bank

3.1

Rated by 2.5k employees for salary & benefits

SME in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 05 Apr 2025
1.0
 for  Salary and Benefits

Likes

About job security and achievable targets

  • Skill development - Good
    • +3 more

Dislikes

It is pathetic how they differentiate the salary of new employee and the old employee example if you are the subject matter expert or team leader your salary is less that of new employee who has joined now So there should equality in that I don't think HR is look in to it even he never replies or talk with us.

read more
  • Salary - Bad

Deputy Manager Operations in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 19 Nov 2024
2.0
 for  Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

read more
  • Salary - Poor
    • +4 more

Senior Manager in Mumbai

Full Time

 · 

Risk Management & Compliance Department

3.0
  •  posted on 17 Oct 2024
3.0
 for  Salary and Benefits

Likes

Employee home loan facility for staff at lesser rate of interest ....nearly 50% less rest is ok ok

Dislikes

...ime extended working hours .....Which somewhere it disturbs work life balance... Salary hike is average and bonus depends on work

read more
  • Promotions - Poor
    • +1 more

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.

read more
  • Job security - Good
    • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
    • +1 more

Senior Manager in Mumbai

Full Time

 · 

IT & Information Security Department

1.0
  •  posted on 01 May 2024
1.0
 for  Salary and Benefits

Likes

Nothing to liked here

Dislikes

No work life balance, no strategic planning and working by anyone. Offical working days are 5 days But you will required to work all 7 days without any compensation like comp off or extra pay even on public holiy you might be asked or required to work.

read more
  • Salary - Bad
    • +6 more
see more salary related reviews

Kotak Mahindra Bank interview questions by designations

Assistant Manager (151)Deputy Manager (111)Relationship Manager (61)Relationship Officer (23)
View all 1k interview experiences

Know more about Kotak Mahindra Bank Mumbai

More about working at Kotak Mahindra Bank
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Kotak Mahindra Bank Salary FAQs

How much does Kotak Mahindra Bank pay to its employees?
The average annual salary at Kotak Mahindra Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Kotak Mahindra Bank, are as follows:

Cashier ₹2 Lakhs to ₹3.5 Lakhs per year
Deputy Manager Authorizer ₹3 Lakhs to ₹6 Lakhs per year
NRI Relationship Manager ₹3.5 Lakhs to ₹10.2 Lakhs per year
Senior Manager Legal ₹8 Lakhs to ₹17 Lakhs per year

The highest-paying role, Executive Vice President, earns between ₹50 Lakhs to ₹1.3 Crore per year. The top 10% of employees earn more than ₹14.4 Lakhs per year, and the top 1% earn over ₹38.6 Lakhs per year. 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 salary estimates are based on data from 22.7k salaries submitted by Kotak Mahindra Bank employees. Kotak Mahindra Bank is rated 3.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Kotak Mahindra Bank in Mumbai?
The salary of a fresher at Kotak Mahindra Bank in Mumbai typically ranges from ₹1 Lakh to ₹17 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Deputy Manager Salary ₹2 Lakhs to ₹7 Lakhs per year
Fresher as a Relationship Manager Salary ₹1.8 Lakhs to ₹9 Lakhs per year
Fresher as a Junior Associate Salary ₹1 Lakhs to ₹3.5 Lakhs per year
Fresher as a Service Officer Salary ₹1.9 Lakhs to ₹4 Lakhs per year

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Average annual salary in Kotak Mahindra Bank , Mumbai is INRunlock blur . Salary estimates are based on 22000+ Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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