Kotak Mahindra Bank Mumbai Principal Officer Salaries by 2 Employees

28 - 29 years exp.

₹41 Lakhs - ₹52.3 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 28 Nov 2024

Companies similar to Kotak Mahindra Bank for Principal Officer in Mumbai

Kotak Mahindra Bank Principal Officer Salary

28 - 29 years exp. (AmbitionBox Estimate)

₹41 L/yr - ₹52.3 L/yr

Company name	Avg Annual Salary	Open Jobs
SOTC Travel Limited Principal Officer Salary 13 - 15 years exp. (5 salaries)	₹12.5 L/yr - ₹13 L/yr 73% less
SBI Securities Principal Officer Salary 15 - 20 years exp. (4 salaries)	₹20 L/yr - ₹30 L/yr 41% less
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Volkswagen Finance Principal Officer Salary 16 - 21 years exp. (3 salaries)	₹10.5 L/yr - ₹21 L/yr 70% less
Model Co-op. Bank Principal Officer Salary 21 - 26 years exp. (3 salaries)	₹9 L/yr - ₹10 L/yr 80% less

Principal Officer salary at Kotak Mahindra Bank ranges between ₹41 Lakhs to ₹52.3 Lakhs per year for employees with experience between 28 years to 29 years. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindra Bank.

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Salary related reviews for Kotak Mahindra Bank

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

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

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What people are saying about Kotak Mahindra Bank

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a manager

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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Kotak Mahindra Bank Principal Officer Salary FAQs

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

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

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

and so on.

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Kotak Mahindra Bank Principal Officer Salaries in Mumbai

Kotak Mahindra Bank Principal Officer salary in Mumbai ranges between ₹41 Lakhs to ₹52.3 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Bank.