Kotak Mahindra Bank Reconciliation Specialist Salaries by 3 Employees

4 - 6 years exp.

₹4 Lakhs - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% more than the average Reconciliation Specialist Salary in Banking Companies for 4 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Reconciliation Specialist Salary 5 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
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Finance & Accounting Reconciliation Specialist Salary 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.6 L/yr

Last Updated: 1 Dec 2024

Companies similar to Kotak Mahindra Bank for Reconciliation Specialist

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Reconciliation Specialist Salary 1 - 5 years exp. (84 salaries)	₹3 L/yr - ₹6.9 L/yr 9% less
Statestreet HCL Services Reconciliation Specialist Salary 3 - 7 years exp. (53 salaries)	₹2.9 L/yr - ₹6.2 L/yr 23% less
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Citicorp Reconciliation Specialist Salary 0 - 6 years exp. (49 salaries)	₹3.5 L/yr - ₹6.8 L/yr 23% less
UBS Reconciliation Specialist Salary 1 - 9 years exp. (34 salaries)	₹3.6 L/yr - ₹9.5 L/yr 4% more
TCS Reconciliation Specialist Salary 1 - 8 years exp. (31 salaries)	₹2.4 L/yr - ₹5.2 L/yr 40% less

Reconciliation Specialist salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹7 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Reconciliation Specialist salaries

Last Updated: 1 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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6 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

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.

Job security - Good

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.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Reconciliation Specialist Salary FAQs

How the salary growth look like for a Reconciliation Specialist at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
5 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
6 years	₹6.3 Lakhs to ₹8.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Reconciliation Specialist Salaries

Kotak Mahindra Bank Reconciliation Specialist salary in India ranges between ₹4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.