Kotak Mahindra Bank Private Banker Salaries by 5 Employees (Updated 2025)

11 - 17 years exp.

₹18 Lakhs - ₹44.7 Lakhs

Low Confidence

Salary of majority employees

68% more than the average Private Banker Salary in Banking Companies for 11 - 17 years of experience

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Last Updated: 7 Mar 2025

Companies similar to Kotak Mahindra Bank for Private Banker

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Private Banker Salary 1 - 18 years exp. (68 salaries)	₹6.8 L/yr - ₹27.5 L/yr 43% less
HDFC Bank Private Banker Salary 1 - 20 years exp. (33 salaries)	₹9.7 L/yr - ₹28.8 L/yr 27% less
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IDFC FIRST Bank Private Banker Salary 5 - 18 years exp. (15 salaries)	₹14.5 L/yr - ₹27 L/yr 18% less
Yes Bank Private Banker Salary 10 - 21 years exp. (7 salaries)	₹22 L/yr - ₹30 L/yr 3% less
Bandhan Bank Private Banker Salary 9 - 14 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 77% less
Ujjivan Small Finance Bank Private Banker Salary 1 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹2.9 L/yr 91% less
Utkarsh Small Finance Bank Private Banker Salary 1 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹6.4 L/yr 87% less
IndusInd Bank Private Banker Salary 13 - 17 years exp. (3 salaries)	₹17 L/yr - ₹21.3 L/yr 26% less
RBL Bank Private Banker Salary 4 - 6 years exp. (3 salaries)	₹3.1 L/yr - ₹4.8 L/yr 85% less
Jana Small Finance Bank Private Banker Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹2.1 L/yr 93% less
City Union Bank Private Banker Salary 0 - 10 years exp. (3 salaries)	₹3.4 L/yr - ₹6 L/yr 82% less
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Private Banker salary at Kotak Mahindra Bank ranges between ₹18 Lakhs to ₹44.7 Lakhs per year for employees with experience between 11 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Private Banker salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹18 L/yr - ₹56.4 L/yr
12 years (AmbitionBox Estimate)	₹21 L/yr - ₹60.5 L/yr
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13 years (AmbitionBox Estimate)	₹21 L/yr - ₹64.5 L/yr
14 years (AmbitionBox Estimate)	₹34.2 L/yr - ₹43.8 L/yr
15+ years (AmbitionBox Estimate)	₹17 L/yr - ₹75 L/yr

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Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 1 employees for salary & benefits

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 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

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

see more salary related reviews

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Kotak Mahindra Bank Private Banker Salary FAQs

What is the salary of Private Banker at Kotak Mahindra Bank ?

The average salary of a Private Banker at Kotak Mahindra Bank in India typically ranges from ₹18.0 Lakhs to ₹44.7 Lakhs per year, depending on experience (from 11 years to 17 years).

The top 10% of Private Banker at Kotak Mahindra Bank earn more than ₹75.0 Lakhs per year, and the top 1% earn over ₹75.0 Lakhs per year. Private Banker 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 5 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Private Banker at Kotak Mahindra Bank in India typically ranges from ₹1,74,487 to ₹1,81,239 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹44.7 Lakhs per year for employees with experience ranging from 11 years to 17 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 5 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Private Banker in companies similar to Kotak Mahindra Bank in India?

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

Yes Bank	₹22.0 Lakhs to ₹30.0 Lakhs per year
IDFC FIRST Bank	₹14.5 Lakhs to ₹27.0 Lakhs per year
IndusInd Bank	₹17.0 Lakhs to ₹21.3 Lakhs per year
HDFC Bank	₹9.7 Lakhs to ₹28.8 Lakhs per year
ICICI Bank	₹6.8 Lakhs to ₹27.5 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 Private Banker at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
11 years	₹18.0 Lakhs to ₹56.4 Lakhs per year
12 years	₹21.0 Lakhs to ₹60.5 Lakhs per year
13 years	₹21.0 Lakhs to ₹64.5 Lakhs per year
14 years	₹34.2 Lakhs to ₹43.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Private Banker Salaries

Kotak Mahindra Bank Private Banker salary in India ranges between ₹18 Lakhs to ₹44.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.