Kotak Mahindra Bank Recovery Agent Salaries by 6 Employees (Updated 2025)

1 - 3 years exp.

₹1.2 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

5% less than the average Recovery Agent Salary in Banking Companies for 1 - 3 years of experience

Interested in this particular role?

Salaries in different departments

Administration & Facilities Recovery Agent Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.9 L/yr
Login to view exact salary
BFSI, Investments & Trading Recovery Agent Salary 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.6 L/yr

Last Updated: 10 Oct 2024

Companies similar to Kotak Mahindra Bank for Recovery Agent

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Agent Salary 0 - 5 years exp. (30 salaries)	₹1.2 L/yr - ₹3.5 L/yr 13% more
ICICI Bank Recovery Agent Salary 0 - 4 years exp. (8 salaries)	₹1.8 L/yr - ₹5 L/yr 18% more
Login to view exact salary
Axis Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.2 L/yr 4% less
State Bank of India Recovery Agent Salary 0 - 6 years exp. (13 salaries)	₹0.2 L/yr - ₹3.5 L/yr 22% less
IDFC FIRST Bank Recovery Agent Salary 1 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹3.7 L/yr 3% more
IndusInd Bank Recovery Agent Salary 0 - 6 years exp. (12 salaries)	₹1.4 L/yr - ₹3 L/yr 1% more
RBL Bank Recovery Agent Salary 0 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹2.4 L/yr 21% less
Canara Bank Recovery Agent Salary 0 - 10 years exp. (3 salaries)	₹2 L/yr - ₹5.5 L/yr 49% more
Bandhan Bank Recovery Agent Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹2.7 L/yr 16% more
Jana Small Finance Bank Recovery Agent Salary Fresher (3 salaries)	₹4.1 L/yr - ₹5.2 L/yr 97% more

Recovery Agent salary at Kotak Mahindra Bank ranges between ₹1.2 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Recovery Agent salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹4.2 L/yr
2 years (4 salaries)	₹1.2 L/yr - ₹2.5 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Accountant Salary

(67 salaries)

₹1.55 L/yr - ₹4.6 L/yr

Team Lead Salary

(417 salaries)

₹1.5 L/yr - ₹6.79 L/yr

Senior Analyst Salary

(10 salaries)

₹4.3 L/yr - ₹12.5 L/yr

Analyst Salary

(26 salaries)

₹2.41 L/yr - ₹12 L/yr

Account Assistant Salary

(23 salaries)

₹2 L/yr - ₹4.4 L/yr

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Sales Manager Salary

(753 salaries)

₹2.28 L/yr - ₹10 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹25.56 L/yr

Senior Associate Salary

(119 salaries)

₹1.4 L/yr - ₹4 L/yr

Sales Officer Salary

(341 salaries)

₹1.2 L/yr - ₹4.3 L/yr

Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 1 employees for salary & benefits

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

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

4 participants . expiring in 2w

Got a question about Kotak Mahindra Bank?

Ask anonymously on communities.

Kotak Mahindra Bank Recovery Agent Salary FAQs

What is the salary of Recovery Agent at Kotak Mahindra Bank?

Recovery Agent salary at Kotak Mahindra Bank in India ranges between ₹1.2 Lakhs to ₹2.5 Lakhs for experience between 1 years to 3 years. According to our estimates it is 5% less than the average Recovery Agent Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Recovery Agent at Kotak Mahindra Bank is 5% less than the average salary of a Recovery Agent in India. To know exact salary insights, login to view.

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

Jana Small Finance Bank Recovery Agent Salary - ₹4.1 Lakhs to ₹5.2 Lakhs per year
Canara Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
ICICI Bank Recovery Agent Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
Bandhan Bank Recovery Agent Salary - ₹2.6 Lakhs to ₹2.7 Lakhs per year
HDFC Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year

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

IDFC FIRST Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹3.7 Lakhs per year
IndusInd Bank Recovery Agent Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year
Axis Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹2.2 Lakhs per year
RBL Bank Recovery Agent Salary - ₹1.5 Lakhs to ₹2.4 Lakhs per year
State Bank of India Recovery Agent Salary - ₹0.2 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Recovery Agent at Kotak Mahindra Bank ranges between ₹15,872 per month to ₹17,515 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Recovery Agent salary in India which ranges between ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Recovery Agent at Kotak Mahindra Bank?

According to AmbitionBox, 70% of the Kotak Mahindra Bank Recovery Agents reported a notice period of 15 days or less, 30% reported a notice period of 1 Month.This is based on 10 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindra Bank Salaries >
Kotak Mahindra Bank Recovery Agent Salaries

Kotak Mahindra Bank Recovery Agent salary in India ranges between ₹1.2 Lakh to ₹2.5 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.