Kotak Mahindra Bank Privilege Banker Salaries by 6 Employees

5 - 9 years exp.

₹3.7 Lakhs - ₹14.7 Lakhs

Low Confidence

Salary of majority employees

67% more than the average Privilege Banker Salary in Banking Companies for 5 - 9 years of experience

Interested in this particular role?

Last Updated: 21 Aug 2024

Companies similar to Kotak Mahindra Bank for Privilege Banker

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Privilege Banker Salary 0 - 10 years exp. (1k salaries)	₹1.8 L/yr - ₹9.4 L/yr 40% less
HDFC Bank Privilege Banker Salary 1 - 11 years exp. (10 salaries)	₹3.9 L/yr - ₹5 L/yr 43% less
Login to view exact salary
Axis Bank Privilege Banker Salary 3 - 9 years exp. (5 salaries)	₹4.3 L/yr - ₹6.6 L/yr 34% less
Yes Bank Privilege Banker Salary 3 - 9 years exp. (4 salaries)	₹5 L/yr - ₹6.8 L/yr 33% less
IndusInd Bank Privilege Banker Salary 4 - 8 years exp. (3 salaries)	₹3 L/yr - ₹6.2 L/yr 51% less

Privilege Banker salary at Kotak Mahindra Bank ranges between ₹3.7 Lakhs to ₹14.7 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Privilege Banker salaries

Last Updated: 21 Aug 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
8 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹12 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹15 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Personal Banker Salary

(19 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Chief Manager Salary

(814 salaries)

₹8.95 L/yr - ₹30.8 L/yr

Sales Manager Salary

(868 salaries)

₹2.04 L/yr - ₹10 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹25.56 L/yr

Sales Officer Salary

(342 salaries)

₹1.15 L/yr - ₹4.3 L/yr

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Senior Officer Salary

(19 salaries)

₹2.3 L/yr - ₹4.5 L/yr

Branch Sales Manager Salary

(442 salaries)

₹3 L/yr - ₹11.3 L/yr

Sales Executive Salary

(799 salaries)

₹1 L/yr - ₹5 L/yr

Relationship Manager Salary

(2.3k salaries)

₹1.5 L/yr - ₹10 L/yr

Salary related reviews for Kotak Mahindra Bank

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

an assistant manager

With online education becoming more popular, many professionals are opting for an Online MBA instead of a traditional one. But does it really offer the same value? Some key questions to consider: •Does it provide the same career opportunities and salary boost as a regular MBA? •How do employers view online MBAs compared to full-time programs? •Are the networking and learning experiences just as effective? •Is the cost justified by the return on investment? If you’ve completed or are considering an Online MBA, I’d love to hear your thoughts! Was it worth it for you? Why or why not? Let’s discuss!

Is an Online MBA Really Worth It?

Yes

Can be, if properly planned

19 participants . poll closed

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Privilege Banker Salary FAQs

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

The average salary of a Privilege Banker at Kotak Mahindra Bank in India typically ranges from ₹3.7 Lakhs to ₹14.7 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Privilege Banker at Kotak Mahindra Bank earn more than ₹14.7 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Privilege 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 6 Kotak Mahindra Bank employees in India.

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 in India typically ranges from ₹60,473 to ₹62,004 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹14.7 Lakhs per year for employees with experience ranging from 5 years to 9 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 6 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 Privilege Banker in companies similar to Kotak Mahindra Bank in India?

The salary of a Privilege 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	₹5.0 Lakhs to ₹6.8 Lakhs per year
Axis Bank	₹4.3 Lakhs to ₹6.6 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹9.4 Lakhs per year
HDFC Bank	₹3.9 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹3.0 Lakhs to ₹6.2 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 Privilege Banker at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹3.7 Lakhs to ₹5.5 Lakhs per year
6 years	₹2.4 Lakhs to ₹7.0 Lakhs per year
7 years	₹7.4 Lakhs to ₹9.5 Lakhs per year
8 years	₹5.1 Lakhs to ₹12.0 Lakhs per year

and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Privilege Banker Salaries by Location

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Privilege Banker Salaries

Kotak Mahindra Bank Privilege Banker salary in India ranges between ₹3.7 Lakhs to ₹14.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.