Kotak Mahindra Bank PSM Salaries by 8 Employees (Updated 2025)

2 - 14 years exp.

₹5 Lakhs - ₹8.6 Lakhs

Low Confidence

Salary of majority employees

117% more than the average PSM Salary in Banking Companies for 2 - 14 years of experience

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Last Updated: 21 Aug 2024

Companies similar to Kotak Mahindra Bank for PSM

Company name	Avg Annual Salary	Open Jobs
Yes Bank PSM Salary 2 - 8 years exp. (4 salaries)	₹4.3 L/yr - ₹5 L/yr 30% less
IndusInd Bank PSM Salary 10 - 13 years exp. (3 salaries)	₹9 L/yr - ₹10 L/yr 50% more
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RBL Bank PSM Salary 4 - 12 years exp. (4 salaries)	₹3.4 L/yr - ₹5 L/yr 37% less
Britannia PSM Salary 1 - 10 years exp. (144 salaries)	₹1 L/yr - ₹5 L/yr 45% less
Amul India PSM Salary 0 - 7 years exp. (44 salaries)	₹1.4 L/yr - ₹3.3 L/yr 66% less

PSM salary at Kotak Mahindra Bank ranges between ₹5 Lakhs to ₹8.6 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank PSM salaries

Last Updated: 21 Aug 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.7 L/yr
3 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.1 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹8.6 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.5 L/yr
11 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
12 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.8 L/yr
14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.9 L/yr

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Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Sales & Marketing in New Delhi

BFSI, Investments & Trading Department

5.0

• posted on 11 Apr 2022

3.0

for Salary and Benefits

Likes

I like this company .. good work environment and culture. teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling.

Skill development - Excellent

+4 more

Dislikes

Salary is decent but career growth is slow. There is a bond of 5 years before which you cannot resign on the job training is not given to new joiners.

Promotions - Poor

Assistant Manager Digital Marketing in Bangalore / Bengaluru

Digital sales Department

4.0

• posted on 03 Apr 2018

3.0

for Salary and Benefits

Likes

It's good , team-mates are supportable,good training, normal growth, salary is good, travel is bad,no politics, learning is good,work environment is average, innovation is good,work life is better

Skill development - Good

+3 more

Dislikes

Timings in digital sales, motivation, appraisal,

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

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

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank PSM Salary FAQs

What is the salary of PSM at Kotak Mahindra Bank?

PSM salary at Kotak Mahindra Bank in India ranges between ₹5.0 Lakhs to ₹8.6 Lakhs for experience between 2 years to 14 years. According to our estimates it is 117% more than the average PSM Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a PSM at Kotak Mahindra Bank is 117% more than the average salary of a PSM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a PSM in India?

IndusInd Bank PSM Salary - ₹9.0 Lakhs to ₹10.0 Lakhs per year

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

Yes Bank PSM Salary - ₹4.3 Lakhs to ₹5.0 Lakhs per year
RBL Bank PSM Salary - ₹3.4 Lakhs to ₹5.0 Lakhs per year
Britannia PSM Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year
Amul India PSM Salary - ₹1.4 Lakhs to ₹3.3 Lakhs per year

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

The estimated take-home salary of a PSM at Kotak Mahindra Bank ranges between ₹47,382 per month to ₹48,503 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank PSM salary in India which ranges between ₹5.0 Lakhs to ₹8.6 Lakhs per year for employees with experience between 2 years to 14 years. Check how did we calculate take home salary?

What is the notice period for PSM at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank PSMs reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank PSM Salaries

Kotak Mahindra Bank PSM salary in India ranges between ₹5 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.