Kotak Mahindra Bank Principal Officer Salaries by 3 Employees

10 - 29 years exp.

₹12 Lakhs - ₹46 Lakhs

Low Confidence

Salary of majority employees

193% more than the average Principal Officer Salary in Banking Companies for 10 - 29 years of experience

Interested in this particular role?

Last Updated: 28 Nov 2024

Companies similar to Kotak Mahindra Bank for Principal Officer

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Principal Officer salary at Kotak Mahindra Bank ranges between ₹12 Lakhs to ₹46 Lakhs per year for employees with experience between 10 years to 29 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Principal Officer salaries

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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15+ years (AmbitionBox Estimate)	₹41 L/yr - ₹52.3 L/yr

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Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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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Kotak Mahindra Bank Principal Officer Salary FAQs

How the salary growth look like for a Principal Officer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
10 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
15 years	₹41.0 Lakhs to ₹52.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Principal Officer Salaries

Kotak Mahindra Bank Principal Officer salary in India ranges between ₹12 Lakhs to ₹46 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.