Kotak Mahindra Bank Mumbai Private Banker Salaries by 4 Employees (Updated 2025)

11 - 16 years exp.

₹18 Lakhs - ₹34.7 Lakhs

Salary of majority employees

46% more than the average Private Banker Salary in Banking Companies for 11 - 16 years of experience

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Last Updated: 23 Jan 2025

Companies similar to Kotak Mahindra Bank for Private Banker in Mumbai

Kotak Mahindra Bank Private Banker Salary

11 - 16 years exp. (4 salaries)

₹18 L/yr - ₹34.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Private Banker Salary 1 - 11 years exp. (6 salaries)	₹8.6 L/yr - ₹26 L/yr 32% less
ICICI Bank Private Banker Salary 0 - 18 years exp. (10 salaries)	₹8.3 L/yr - ₹24.1 L/yr 37% less
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RBL Bank Private Banker Salary 4 - 6 years exp. (3 salaries)	₹3.1 L/yr - ₹4.8 L/yr 83% less
IDFC FIRST Bank Private Banker Salary 5 - 18 years exp. (3 salaries)	₹18.5 L/yr - ₹25 L/yr 11% less
Deutsche Bank Private Banker Salary 6 - 8 years exp. (3 salaries)	₹8.5 L/yr - ₹14.7 L/yr 49% less	1 job opening

Private Banker salary at Kotak Mahindra Bank ranges between ₹18 Lakhs to ₹34.7 Lakhs per year for employees with experience between 11 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Private Banker salaries in Mumbai

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹18 L/yr - ₹49.2 L/yr
12 years (AmbitionBox Estimate)	₹21 L/yr - ₹51.8 L/yr
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13 years (AmbitionBox Estimate)	₹21 L/yr - ₹54.5 L/yr
14 years (AmbitionBox Estimate)	₹28.6 L/yr - ₹36.5 L/yr
15+ years (AmbitionBox Estimate)	₹13.6 L/yr - ₹61.1 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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Branch Sales Manager Salary

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Manager M1 Salary

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Area Manager Salary

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Associate Director Salary

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Salary related reviews for Kotak Mahindra Bank

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

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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 Private Banker Salary FAQs

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

Private Banker salary at Kotak Mahindra Bank in Mumbai ranges between ₹18.0 Lakhs to ₹34.7 Lakhs for experience between 11 years to 16 years. According to our estimates it is 46% more than the average Private Banker Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Private Banker at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Private Banker at Kotak Mahindra Bank is 46% more than the average salary of a Private Banker in Mumbai. To know exact salary insights, login to view.

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

IDFC FIRST Bank Private Banker Salary - ₹18.5 Lakhs to ₹25.0 Lakhs per year
HDFC Bank Private Banker Salary - ₹8.6 Lakhs to ₹26.0 Lakhs per year
ICICI Bank Private Banker Salary - ₹8.3 Lakhs to ₹24.1 Lakhs per year
Deutsche Bank Private Banker Salary - ₹8.5 Lakhs to ₹14.7 Lakhs per year
RBL Bank Private Banker Salary - ₹3.1 Lakhs to ₹4.8 Lakhs per year

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

The estimated take-home salary of a Private Banker at Kotak Mahindra Bank ranges between ₹1,55,057 per month to ₹1,60,931 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Private Banker salary in India which ranges between ₹18.0 Lakhs to ₹34.7 Lakhs per year for employees with experience between 11 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Private Banker at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 75% of the Kotak Mahindra Bank Private Bankers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Private Banker Salaries in Mumbai

Kotak Mahindra Bank Private Banker salary in Mumbai ranges between ₹18 Lakhs to ₹34.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.