Kotak Mahindra Bank Retail Banking Officer Salaries by 5 Employees

1 - 6 years exp.

₹2.5 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Retail Banking Officer Salary in Banking Companies for 1 - 6 years of experience

Interested in this particular role?

Last Updated: 27 Apr 2024

Companies similar to Kotak Mahindra Bank for Retail Banking Officer

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Retail Banking Officer Salary 0 - 5 years exp. (34 salaries)	₹2.6 L/yr - ₹4 L/yr 10% more
ICICI Bank Retail Banking Officer Salary 0 - 5 years exp. (30 salaries)	₹2 L/yr - ₹3.6 L/yr 5% more
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HDFC Bank Retail Banking Officer Salary 0 - 6 years exp. (25 salaries)	₹1.8 L/yr - ₹4.7 L/yr 14% more
Axis Bank Retail Banking Officer Salary 1 - 5 years exp. (8 salaries)	₹1.5 L/yr - ₹3.5 L/yr 7% less
IndusInd Bank Retail Banking Officer Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3.5 L/yr 3% less
Bandhan Bank Retail Banking Officer Salary 1 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3.3 L/yr 1% more
Yes Bank Retail Banking Officer Salary 0 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.2 L/yr 10% more
RBL Bank Retail Banking Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹4 L/yr 5% more

Retail Banking Officer salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Retail Banking Officer salaries

Last Updated: 27 Apr 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Retail Banking Officer Salary FAQs

What is the salary of Retail Banking Officer at Kotak Mahindra Bank ?

The average salary of a Retail Banking Officer at Kotak Mahindra Bank in India typically ranges from ₹2.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Retail Banking Officer at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Retail Banking Officer 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Retail Banking Officer at Kotak Mahindra Bank in India?

The estimated take-home salary of a Retail Banking Officer at Kotak Mahindra Bank in India typically ranges from ₹20,110 to ₹21,772 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 5 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 Retail Banking Officer in India?

HDFC Bank	₹1.8 Lakhs to ₹4.7 Lakhs per year
IDFC FIRST Bank	₹2.6 Lakhs to ₹4.0 Lakhs per year
Yes Bank	₹3.0 Lakhs to ₹3.2 Lakhs per year
RBL Bank	₹2.2 Lakhs to ₹4.0 Lakhs per year
ICICI Bank	₹2.0 Lakhs to ₹3.6 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 Retail Banking Officer in companies similar to Kotak Mahindra Bank in India?

The salary of a Retail Banking Officer at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bandhan Bank	₹2.5 Lakhs to ₹3.3 Lakhs per year
IndusInd Bank	₹2.0 Lakhs to ₹3.5 Lakhs per year
Axis Bank	₹1.5 Lakhs to ₹3.5 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 Retail Banking Officer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
1 year	₹2.5 Lakhs to ₹5.1 Lakhs per year
2 years	₹2.7 Lakhs to ₹5.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹1.1 Lakhs to ₹3.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Retail Banking Officer Salaries

Kotak Mahindra Bank Retail Banking Officer salary in India ranges between ₹2.5 Lakhs to ₹3 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.