Kotak Mahindra Bank Recovery Associate Salaries by 5 Employees (Updated 2025)

3 - 6 years exp.

₹2.6 Lakhs - ₹3.2 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Recovery Associate Salary in Banking Companies for 3 - 6 years of experience

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Salaries in different departments

Finance & Accounting Recovery Associate Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Consulting Recovery Associate Salary 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr

Last Updated: 22 Jan 2025

Companies similar to Kotak Mahindra Bank for Recovery Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Associate Salary 1 - 3 years exp. (3 salaries)	₹1.6 L/yr - ₹2.1 L/yr 37% less
BT Business Recovery Associate Salary 1 - 9 years exp. (13 salaries)	₹3 L/yr - ₹6 L/yr 53% more
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BT Group Recovery Associate Salary 0 - 7 years exp. (8 salaries)	₹2 L/yr - ₹4.8 L/yr 29% more
DCB Bank Recovery Associate Salary 4 - 10 years exp. (4 salaries)	₹3.1 L/yr - ₹4.9 L/yr 54% more
BT E Serv Recovery Associate Salary 5 - 8 years exp. (4 salaries)	₹3.1 L/yr - ₹3.7 L/yr 22% more

Recovery Associate salary at Kotak Mahindra Bank ranges between ₹2.6 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Recovery Associate salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.7 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹2 L/yr - ₹4 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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Salary related reviews for Kotak Mahindra Bank

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Recovery Associate Salary FAQs

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

Recovery Associate salary at Kotak Mahindra Bank in India ranges between ₹2.6 Lakhs to ₹3.2 Lakhs for experience between 3 years to 6 years. According to our estimates it is 18% less than the average Recovery Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Recovery Associate at Kotak Mahindra Bank is 18% less than the average salary of a Recovery Associate in India. To know exact salary insights, login to view.

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

DCB Bank Recovery Associate Salary - ₹3.1 Lakhs to ₹4.9 Lakhs per year
BT Business Recovery Associate Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
BT Group Recovery Associate Salary - ₹2.0 Lakhs to ₹4.8 Lakhs per year
BT E Serv Recovery Associate Salary - ₹3.1 Lakhs to ₹3.7 Lakhs per year

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

HDFC Bank Recovery Associate Salary - ₹1.6 Lakhs to ₹2.1 Lakhs per year

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

The estimated take-home salary of a Recovery Associate at Kotak Mahindra Bank ranges between ₹20,406 per month to ₹22,063 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Recovery Associate salary in India which ranges between ₹2.6 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Recovery Associates reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Recovery Associate Salaries

Kotak Mahindra Bank Recovery Associate salary in India ranges between ₹2.6 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.