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

2 - 14 years exp.

₹5 Lakhs - ₹6.3 Lakhs

Salary of majority employees

95% more than the average PSM Salary in Banking Companies for 2 - 14 years of experience

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Last Updated: 2 Oct 2023

Companies similar to Kotak Mahindra Bank for PSM in Mumbai

Kotak Mahindra Bank PSM Salary

2 - 14 years exp. (4 salaries)

₹5 L/yr - ₹6.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Amul India PSM Salary 2 - 5 years exp. (4 salaries)	₹1.7 L/yr - ₹3 L/yr 67% less
Login to view exact salary
Britannia PSM Salary 4 - 7 years exp. (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr 45% less

PSM salary at Kotak Mahindra Bank ranges between ₹5 Lakhs to ₹6.3 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank PSM salaries in Mumbai

Last Updated: 2 Oct 2023

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)	₹5.4 L/yr - ₹6.9 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.4 L/yr
11 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
12 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.7 L/yr
14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.8 L/yr

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Salary related reviews for Kotak Mahindra Bank

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.

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.

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

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

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

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

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.

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.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Mahindra Bank PSM Salary FAQs

What is the salary of PSM at Kotak Mahindra Bank Mumbai?

PSM salary at Kotak Mahindra Bank in Mumbai ranges between ₹5.0 Lakhs to ₹6.3 Lakhs for experience between 2 years to 14 years. According to our estimates it is 95% more than the average PSM 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 PSM at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a PSM at Kotak Mahindra Bank is 95% more than the average salary of a PSM in Mumbai. To know exact salary insights, login to view.

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

Britannia PSM Salary - ₹2.2 Lakhs to ₹3.6 Lakhs per year
Amul India PSM Salary - ₹1.7 Lakhs to ₹3.0 Lakhs per year

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

The estimated take-home salary of a PSM at Kotak Mahindra Bank ranges between ₹47,109 per month to ₹48,225 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank PSM salary in India which ranges between ₹5.0 Lakhs to ₹6.3 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 in Mumbai?

According to AmbitionBox, 100% of the Kotak Mahindra Bank PSMs in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank PSM Salaries in Mumbai

Kotak Mahindra Bank PSM salary in Mumbai ranges between ₹5 Lakhs to ₹6.3 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.