Kotak Mahindra Bank Privilege Banker Salaries by 5 Employees (Updated 2024)

5 - 9 years exp.

₹4 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

92% more than the average Privilege Banker Salary in Banking Companies for 5 - 9 years of experience

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Last Updated: 6 Dec 2023

Companies similar to Kotak Mahindra Bank for Privilege Banker

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Privilege Banker Salary 1 - 11 years exp. (9 salaries)	₹4 L/yr - ₹5 L/yr 52% less
ICICI Bank Privilege Banker Salary 0 - 10 years exp. (1.1k salaries)	₹2 L/yr - ₹9.4 L/yr 48% less
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Axis Bank Privilege Banker Salary 3 - 9 years exp. (5 salaries)	₹4.3 L/yr - ₹6.6 L/yr 42% less
IndusInd Bank Privilege Banker Salary 4 - 8 years exp. (3 salaries)	₹3 L/yr - ₹6.2 L/yr 57% less
Yes Bank Privilege Banker Salary 3 - 9 years exp. (4 salaries)	₹5 L/yr - ₹6.8 L/yr 40% less

Privilege Banker salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹15 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Privilege Banker salaries

Last Updated: 6 Dec 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr
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7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
8 years (AmbitionBox Estimate)	₹12 L/yr - ₹22 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹15 L/yr

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Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Nashik

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is such wonderful Bank to work. Bank having very good peocess and system.

Dislikes

...nd so many people act like they are running bank business like proprietary firm. Need to be appreciated the true hard working employee with salary increments as well.

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

3 participants . expiring in 1w

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Kotak Mahindra Bank Privilege Banker Salary FAQs

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

Privilege Banker salary at Kotak Mahindra Bank in India ranges between ₹4.0 Lakhs to ₹15.0 Lakhs for experience between 5 years to 9 years. According to our estimates it is 92% more than the average Privilege Banker Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Privilege Banker at Kotak Mahindra Bank is 92% more than the average salary of a Privilege Banker in India. To know exact salary insights, login to view.

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

Yes Bank Privilege Banker Salary - ₹5.0 Lakhs to ₹6.8 Lakhs per year
Axis Bank Privilege Banker Salary - ₹4.3 Lakhs to ₹6.6 Lakhs per year
ICICI Bank Privilege Banker Salary - ₹2.0 Lakhs to ₹9.4 Lakhs per year
HDFC Bank Privilege Banker Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank Privilege Banker Salary - ₹3.0 Lakhs to ₹6.2 Lakhs per year

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

The estimated take-home salary of a Privilege Banker at Kotak Mahindra Bank ranges between ₹68,634 per month to ₹70,395 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Privilege Banker salary in India which ranges between ₹4.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Privilege Banker at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Privilege Bankers reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Privilege Banker Salaries

Kotak Mahindra Bank Privilege Banker salary in India ranges between ₹4 Lakhs to ₹15 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.