Kotak Mahindra Bank Mumbai Sales Associate Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹1.5 Lakh - ₹3.6 Lakhs

Salary of majority employees

18% less than the average Sales Associate Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Associate Salary 2 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr
Marketing & Communication Sales Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.9 L/yr
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Sales & Business Development Sales Associate Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
Finance & Accounting Sales Associate Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 8 Mar 2025

Companies similar to Kotak Mahindra Bank for Sales Associate in Mumbai

Kotak Mahindra Bank Sales Associate Salary

0 - 4 years exp. (15 salaries)

₹1.5 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Sales Associate Salary 0 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3.2 L/yr 3% more
Axis Bank Sales Associate Salary 1 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹4.3 L/yr 15% more
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Amazon Sales Associate Salary 2 - 9 years exp. (47 salaries)	₹5.7 L/yr - ₹9.5 L/yr 198% more	15 job openings
Lenskart Sales Associate Salary 0 - 6 years exp. (38 salaries)	₹2 L/yr - ₹4 L/yr 4% more	8 job openings
Reliance Retail Sales Associate Salary 0 - 6 years exp. (31 salaries)	₹1 L/yr - ₹4 L/yr 14% less	2 job openings

Sales Associate salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Sales Associate salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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2 years (4 salaries)	₹2 L/yr - ₹3.3 L/yr
3 years (5 salaries)	₹1.5 L/yr - ₹3 L/yr
4 years (3 salaries)	₹1.5 L/yr - ₹3.6 L/yr

From

Sales Associate

₹

Lakhs/yr

0 - 6 years exp.

Deputy Manager

₹

Lakhs/yr

0 - 13 years exp.

Sales Associate 0 - 6 years exp.

Assistant Manager 0 - 9 years exp.

31% hike

Deputy Manager 0 - 13 years exp.

44% hike

From

Sales Associate

0 - 6 years exp.

Junior Customer Service Executive

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra Bank

Sales Executive Salary

(181 salaries)

₹1.05 L/yr - ₹5 L/yr

Sales Manager Salary

(132 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Team Lead Salary

(82 salaries)

₹1.8 L/yr - ₹6.97 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹4 L/yr

Area Sales Manager Salary

(36 salaries)

₹6.5 L/yr - ₹16.8 L/yr

Cashier Salary

(20 salaries)

₹2 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.4

Rated by 2 employees for salary & benefits

Sales Associate in Gurgaon / Gurugram

Sales & Business Development Department

5.0

• posted on 06 Aug 2020

3.0

for Salary and Benefits

Likes

... Managemant is transplant. There is a huge cafeteria. Company policies are good. Appraisals aren’t fair and salary too. And hike and bonus aren’t that much should be.

Skill development - Excellent

+4 more

Dislikes

There is a lot of politics. Salary is decent but career growth is slow. Unsecure job.

Sales Associate in Visakhapatnam

housinf loan division Department

5.0

• posted on 22 May 2018

4.0

for Salary and Benefits

Likes

to fullfill the tagets , higher authority will support in topend by taking all approvals...beyond policy based on comfort, good team work ,

Salary - Good

+4 more

Dislikes

... concerate on full fill the targets ..they wont concentrate from employee side..(salary hike, incentives) ,the main thing is less man power more work , no appriciations , no identification

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Sales Associate Salary FAQs

What is the salary of Sales Associate at Kotak Mahindra Bank in Mumbai?

The average salary of a Sales Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.6 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Sales Associate in Mumbai at Kotak Mahindra Bank earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Sales Associate 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 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Sales Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹18,744 to ₹20,426 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ 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 Sales Associate in India?

Amazon	₹5.7 Lakhs to ₹9.5 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹4.3 Lakhs per year
Lenskart	₹2.0 Lakhs to ₹4.0 Lakhs per year
IDFC FIRST Bank	₹1.5 Lakhs to ₹3.2 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 Sales Associate in companies similar to Kotak Mahindra Bank in Mumbai?

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

Reliance Retail

₹1.0 Lakhs to ₹4.0 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 Sales Associate at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.2 Lakhs to ₹2.9 Lakhs per year
1 year	₹2.3 Lakhs to ₹2.9 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.5 Lakhs to ₹3.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Sales Associate Salaries in Mumbai

Kotak Mahindra Bank Sales Associate salary in Mumbai ranges between ₹1.5 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.