Kotak Mahindra Bank Payroll Executive Salaries by 6 Employees

1 - 6 years exp.

₹3.5 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

11% more than the average Payroll Executive Salary in Banking Companies for 1 - 6 years of experience

Interested in this particular role?

Last Updated: 10 Jun 2024

Companies similar to Kotak Mahindra Bank for Payroll Executive

Company name	Avg Annual Salary	Open Jobs
Paytm Payments Bank Payroll Executive Salary 1 - 6 years exp. (5 salaries)	₹1.9 L/yr - ₹3.4 L/yr 16% less
Bandhan Bank Payroll Executive Salary 0 - 20 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 44% less
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IDBI Bank Payroll Executive Salary 0 - 4 years exp. (3 salaries)	₹0.2 L/yr - ₹0.2 L/yr 95% less
Yes Bank Payroll Executive Salary 7 - 10 years exp. (3 salaries)	₹2.3 L/yr - ₹4.7 L/yr At par
ICICI Bank Payroll Executive Salary 3 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2 L/yr 50% less
HDFC Bank Payroll Executive Salary 0 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 35% less

Payroll Executive salary at Kotak Mahindra Bank ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Payroll Executive salaries

Last Updated: 10 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹5.5 L/yr
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
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3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.8 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.7 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Sales Executive in Pune

Full Time

Finance & Accounting Department

5.0

• posted on 25 Sep 2023

3.0

for Salary and Benefits

Likes

Kotak is the best work place for freshers or experience persons .good culture. I say that bcoz of I had experienced.

Job security - Good

+2 more

Dislikes

But we need to focus employee salary package. I say that bcoz I have 18000 in hand salary package monthly. I can't survive in this fast growing city. Don't take it personal that is my honest review😊

Promotions - Poor

Team Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

Salary - Poor

+1 more

Sales Executive in Hyderabad / Secunderabad

Full Time

Himayatnagar Department

5.0

• posted on 16 Apr 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture. teammates are supportive and the management is transparent. there is a huge cafeteria and gaming arcade for chilling. Company policies are good,

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is full . There is a brand of 2 years before which you connot resign. On the job training is not giving to new joinees. there is lost of politics and the management doesn't address our issues.

Senior Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Apr 2021

1.0

for Salary and Benefits

Likes

Job security

Job security - Good

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

Salary - Bad

+3 more

Sales Executive in Noida Sector 3

Full Time

Other Department

1.0

• posted on 24 Jul 2023

2.0

for Salary and Benefits

Likes

Salary comes on time

Dislikes

...od. People including seniors and colleagues don't know how to talk with respect. If you take leave your salary will be deducted. Partial behaviour of seniors. Seniors don't support. I will never recommend anyone to work in kotak mahindra bank.

Salary - Poor

+6 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Payroll Executive Salary FAQs

What is the salary of Payroll Executive at Kotak Mahindra Bank ?

The average salary of a Payroll Executive at Kotak Mahindra Bank in India typically ranges from ₹3.5 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Payroll Executive at Kotak Mahindra Bank earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Payroll Executive 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 6 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Payroll Executive at Kotak Mahindra Bank in India?

The estimated take-home salary of a Payroll Executive at Kotak Mahindra Bank in India typically ranges from ₹27,783 to ₹29,180 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 6 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 6 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 Payroll Executive in India?

Yes Bank

₹2.3 Lakhs to ₹4.7 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 Payroll Executive in companies similar to Kotak Mahindra Bank in India?

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

Paytm Payments Bank	₹1.9 Lakhs to ₹3.4 Lakhs per year
HDFC Bank	₹2.2 Lakhs to ₹3.0 Lakhs per year
Bandhan Bank	₹1.2 Lakhs to ₹3.2 Lakhs per year
ICICI Bank	₹1.7 Lakhs to ₹2.0 Lakhs per year
IDBI Bank	₹0.2 Lakhs to ₹0.2 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 Payroll Executive at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
1 year	₹1.6 Lakhs to ₹5.5 Lakhs per year
2 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
3 years	₹3.5 Lakhs to ₹6.9 Lakhs per year
4 years	₹3.7 Lakhs to ₹6.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Payroll Executive Salaries

Kotak Mahindra Bank Payroll Executive salary in India ranges between ₹3.5 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.