Kotak Mahindra Bank Mumbai Operations Team Member Salaries by 9 Employees (Updated 2025)

0 - 3 years exp.

₹2 Lakhs - ₹4.2 Lakhs

Salary of majority employees

11% less than the average Operations Team Member Salary in Banking Companies for 0 - 3 years of experience

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Salaries in different departments

Customer Success, Service & Operations Operations Team Member Salary 0 - 3 years exp. (6 salaries)	₹2.5 L/yr - ₹4.2 L/yr
BFSI, Investments & Trading Operations Team Member Salary 3 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹2.8 L/yr
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Finance & Accounting Operations Team Member Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.1 L/yr

Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindra Bank for Operations Team Member in Mumbai

Kotak Mahindra Bank Operations Team Member Salary

0 - 3 years exp. (9 salaries)

₹2 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Operations Team Member Salary 1 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹4.5 L/yr 6% more
ICICI Bank Operations Team Member Salary 1 - 6 years exp. (5 salaries)	₹1.9 L/yr - ₹5.6 L/yr 28% more
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Teleperformance Operations Team Member Salary 0 - 5 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 15% less
Vfs Global Services Operations Team Member Salary 0 - 10 years exp. (5 salaries)	₹2 L/yr - ₹4.5 L/yr 6% more
Iffco Tokio General Insurance Co. Operations Team Member Salary 0 - 5 years exp. (5 salaries)	₹2.1 L/yr - ₹2.3 L/yr 28% less

Operations Team Member salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Operations Team Member salaries in Mumbai

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.7 L/yr
1 year (3 salaries)	₹2 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.4 L/yr
3 years (4 salaries)	₹2.6 L/yr - ₹4.2 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Relationship Manager Salary

(461 salaries)

₹1.8 L/yr - ₹10.5 L/yr

Operations Executive Salary

(106 salaries)

₹1.05 L/yr - ₹4 L/yr

Team Lead Salary

(80 salaries)

₹1.8 L/yr - ₹6.98 L/yr

Operations Manager Salary

(39 salaries)

₹2 L/yr - ₹12 L/yr

Senior Associate Salary

(24 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Operations Associate Salary

(11 salaries)

₹1.6 L/yr - ₹2.83 L/yr

Operations Analyst Salary

(3 salaries)

₹1.92 L/yr - ₹5.29 L/yr

Top skills at Kotak Mahindra Bank for Operations Team Member

Finacle Excel Operations US Mortgage KYC Document Verification Chat Process Banking Operations MIS Cash Management Back Office Operations TDS Return Commercial Operations TDS Income Tax Return

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 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.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Operations Team Member Salary FAQs

What is the salary of Operations Team Member at Kotak Mahindra Bank Mumbai?

Operations Team Member salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.0 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 11% less than the average Operations Team Member Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Operations Team Member at Kotak Mahindra Bank is 11% less than the average salary of a Operations Team Member in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Operations Team Member at Kotak Mahindra Bank?

Finacle, Excel, Operations, US Mortgage and KYC are some of the popular skills required to work as a Operations Team Member at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Operations Team Member in Mumbai?

ICICI Bank Operations Team Member Salary - ₹1.9 Lakhs to ₹5.6 Lakhs per year
HDFC Bank Operations Team Member Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Vfs Global Services Operations Team Member Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Operations Team Member in companies similar to Kotak Mahindra Bank in Mumbai?

Teleperformance Operations Team Member Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year
Iffco Tokio General Insurance Co. Operations Team Member Salary - ₹2.1 Lakhs to ₹2.3 Lakhs per year

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

The estimated take-home salary of a Operations Team Member at Kotak Mahindra Bank ranges between ₹21,629 per month to ₹23,118 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Operations Team Member salary in India which ranges between ₹2.0 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Operations Team Member at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 56% of the Kotak Mahindra Bank Operations Team Members in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Operations Team Member Salaries in Mumbai

Kotak Mahindra Bank Operations Team Member salary in Mumbai ranges between ₹2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.