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Kotak Mahindra Bank PSM salaries in India (Updated 2025)

Annual salary range
0 - 13 years exp.
₹5.5 Lakhs - ₹8.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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137% more than the average PSM Salary in Banking Companies for 0 - 13 years of experience

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Salaries in different departments

Sales & Business Development
PSM Salary
5 - 13 years exp. (7 salaries)
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₹5.5 L/yr - ₹8.6 L/yr

BFSI, Investments & Trading
PSM Salary
0 - 3 years exp. (AmbitionBox Estimate)
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₹6.5 L/yr - ₹8 L/yr

Last Updated: 2 Feb 2025

Companies similar to Kotak Mahindra Bank for PSM

Company name Avg Annual Salary Open Jobs
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Yes Bank PSM Salary

2 - 8 years exp. (4 salaries)

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₹4.3 L/yr - ₹5 L/yr

arrow icon 35% less
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RBL Bank PSM Salary

4 - 12 years exp. (4 salaries)

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₹3.4 L/yr - ₹5 L/yr

arrow icon 41% less
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IndusInd Bank PSM Salary

10 - 13 years exp. (3 salaries)

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₹9 L/yr - ₹10 L/yr

arrow icon 39% more
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Britannia PSM Salary

1 - 10 years exp. (139 salaries)

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₹1 L/yr - ₹5 L/yr

arrow icon 51% less
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Nestle PSM Salary

1 - 8 years exp. (44 salaries)

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₹1.5 L/yr - ₹4 L/yr

arrow icon 62% less
PSM salary at Kotak Mahindra Bank ranges between ₹5.5 Lakhs to ₹8.6 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank PSM

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9 years exp.
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7 years exp.
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3 years exp.
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8 months exp.
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8 years exp.
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13 years exp.
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5 years exp.
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6 years exp.

Experience wise Kotak Mahindra Bank PSM salaries

Last Updated: 2 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹6.5 L/yr - ₹11.9 L/yr
1 year (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
2 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
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Similar Designation salaries in Kotak Mahindra Bank

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₹8 L/yr - ₹29.33 L/yr
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₹6.5 L/yr - ₹18 L/yr
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₹8.05 L/yr - ₹19 L/yr
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₹4.9 L/yr - ₹15 L/yr
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₹1.75 L/yr - ₹3.1 L/yr
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₹6.48 L/yr - ₹15 L/yr
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₹3.5 L/yr - ₹7 L/yr
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₹14.5 L/yr - ₹21.5 L/yr
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₹2 L/yr - ₹3.25 L/yr
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₹5.75 L/yr - ₹16 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

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.

read more
  • 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.

read more
  • Promotions - Poor

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

read more
  • Skill development - Good
  • +3 more

Dislikes

Timings in digital sales, motivation, appraisal,

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 24 Mar 2025

2.0
 for  Salary and Benefits

Likes

On time salary

  • Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Mar 2025

2.0
 for  Salary and Benefits

Likes

There is nothing much to like except you may see a level of job security if you're doing good in ops or sales work

Dislikes

Almost every aspect of the job that includes culture, managers, management, decisions, promotions, salary, all other perks, work life balance is NIL, kissing of Manger's hand may allow you to grow mostly, a company with worst management who doesn't even care for employees and men who are working hard. Please do not join if you have some other better options in hand

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 13 Mar 2025

4.0
 for  Salary and Benefits

Likes

Salary, Skill Development, promotions.

  • Salary - Good
  • +3 more

Dislikes

Managers who are not following the company policy. Too much process in account opening and POS. Customer funds are getting hold in the individual current accounts for like 12 months or 13 months. Ridiculous. Worst service provider to the customers. The bank is giving priority to sales only. Not for service.

read more
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What people are saying about Kotak Mahindra Bank

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malleshkuruva
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Kotak Mahindra Bank
I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.
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Kotak Mahindra Bank PSM Salary FAQs

What is the salary of PSM at Kotak Mahindra Bank ?
The average salary of a PSM at Kotak Mahindra Bank in India typically ranges from ₹5.5 Lakhs to ₹8.6 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of PSM at Kotak Mahindra Bank earn more than ₹8.3 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. PSM 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 9 Kotak Mahindra Bank employees in India.
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 in India typically ranges from ₹51,259 to ₹52,468 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from Fresher to 13 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 9 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindra Bank for PSM in India?
IndusInd Bank ₹9.0 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.
What is the salary of a PSM in companies similar to Kotak Mahindra Bank in India?
The salary of a PSM 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 ₹4.3 Lakhs to ₹5.0 Lakhs per year
RBL Bank ₹3.4 Lakhs to ₹5.0 Lakhs per year
Britannia ₹1.0 Lakhs to ₹5.0 Lakhs per year
Nestle ₹1.5 Lakhs to ₹4.0 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 PSM at Kotak Mahindra Bank in India?
The salary growth for a PSM at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a PSM can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹6.5 Lakhs to ₹11.9 Lakhs per year
1 year ₹6.0 Lakhs to ₹7.6 Lakhs per year
2 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
3 years ₹2.7 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank PSM salary in India ranges between ₹5.5 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.