Kotak Mahindra Bank Chennai Senior Associate Salaries by 10+ Employees (Updated 2025)

1 - 5 years exp.

₹1.6 Lakh - ₹3.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

71% less than the average Senior Associate Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting Senior Associate Salary 1 - 5 years exp. (6 salaries)	₹1.6 L/yr - ₹3 L/yr
Customer Success, Service & Operations Senior Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.2 L/yr
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Sales & Business Development Senior Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹2.7 L/yr

Last Updated: 21 Mar 2025

Companies similar to Kotak Mahindra Bank for Senior Associate in Chennai

Kotak Mahindra Bank Senior Associate Salary

1 - 5 years exp. (13 salaries)

₹1.6 L/yr - ₹3.2 L/yr

Company name	Avg Annual Salary	Open Jobs
City Union Bank Senior Associate Salary 0 - 9 years exp. (217 salaries)	₹2.9 L/yr - ₹6.5 L/yr 87% more
ICICI Bank Senior Associate Salary 0 - 4 years exp. (50 salaries)	₹1.6 L/yr - ₹3.5 L/yr 7% less
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HDFC Bank Senior Associate Salary 1 - 9 years exp. (7 salaries)	₹4.5 L/yr - ₹8 L/yr 123% more
Yes Bank Senior Associate Salary 3 - 6 years exp. (5 salaries)	₹3 L/yr - ₹5 L/yr 39% more
Barclays Investment Bank Senior Associate Salary 4 - 7 years exp. (3 salaries)	₹5 L/yr - ₹6.1 L/yr 119% more
Jana Small Finance Bank Senior Associate Salary 2 - 4 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 5% more

Senior Associate salary at Kotak Mahindra Bank ranges between ₹1.6 Lakh to ₹3.2 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Associate salaries in Chennai

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
4 years (6 salaries)	₹2 L/yr - ₹3.2 L/yr
5 years (4 salaries)	₹1.7 L/yr - ₹2.6 L/yr

From

Senior Associate

₹

Lakhs/yr

1 - 5 years exp.

Deputy Manager

₹

Lakhs/yr

0 - 13 years exp.

Senior Associate 1 - 5 years exp.

Assistant Manager 0 - 9 years exp.

27% hike

Deputy Manager 0 - 13 years exp.

44% hike

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

Team Lead Salary

(16 salaries)

₹2 L/yr - ₹6.75 L/yr

Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Senior Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Apr 2021

1.0

for Salary and Benefits

Likes

Job security

Job security - Good

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

Salary - Bad

+3 more

Team Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

Salary - Poor

+1 more

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

Manager OPS in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 18 Mar 2025

2.0

for Salary and Benefits

Likes

There is nothing much to like except you may see a level of job security if you're doing good in ops or sales work

Dislikes

Almost every aspect of the job that includes culture, managers, management, decisions, promotions, salary, all other perks, work life balance is NIL, kissing of Manger's hand may allow you to grow mostly, a company with worst management who doesn't even care for employees and men who are working hard. Please do not join if you have some other better options in hand

Salary - Poor

+5 more

Assistant Product Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 13 Mar 2025

4.0

for Salary and Benefits

Likes

Salary, Skill Development, promotions.

Salary - Good

+3 more

Dislikes

Managers who are not following the company policy. Too much process in account opening and POS. Customer funds are getting hold in the individual current accounts for like 12 months or 13 months. Ridiculous. Worst service provider to the customers. The bank is giving priority to sales only. Not for service.

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

View All

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 Senior Associate Salary FAQs

What is the salary of Senior Associate at Kotak Mahindra Bank in Chennai?

The average salary of a Senior Associate at Kotak Mahindra Bank in Chennai typically ranges from ₹1.6 Lakhs to ₹3.2 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Senior Associate in Chennai at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Senior 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 Senior Associate at Kotak Mahindra Bank in Chennai?

The estimated take-home salary of a Senior Associate at Kotak Mahindra Bank in Chennai typically ranges from ₹18,325 to ₹20,013 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from 1 year to 5 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 Senior Associate in India?

HDFC Bank	₹4.5 Lakhs to ₹8.0 Lakhs per year
Barclays Investment Bank	₹5.0 Lakhs to ₹6.1 Lakhs per year
City Union Bank	₹2.9 Lakhs to ₹6.5 Lakhs per year
Yes Bank	₹3.0 Lakhs to ₹5.0 Lakhs per year
Jana Small Finance Bank	₹2.0 Lakhs to ₹3.0 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 Senior Associate in companies similar to Kotak Mahindra Bank in Chennai?

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

ICICI Bank

₹1.6 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 Senior Associate at Kotak Mahindra Bank in Chennai?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.0 Lakhs to ₹3.2 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Associate Salaries in Chennai

Kotak Mahindra Bank Senior Associate salary in Chennai ranges between ₹1.6 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.