Kotak Mahindra Bank Senior Software Developer Salaries by 5 Employees

5 - 9 years exp.

₹10 Lakhs - ₹16 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Senior Software Developer Salary in Banking Companies for 5 - 9 years of experience

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Last Updated: 24 Jul 2024

Companies similar to Kotak Mahindra Bank for Senior Software Developer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Software Developer Salary 3 - 10 years exp. (40 salaries)	₹5.8 L/yr - ₹18 L/yr 14% less
IDFC FIRST Bank Senior Software Developer Salary 5 - 9 years exp. (16 salaries)	₹17.5 L/yr - ₹46 L/yr 137% more
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Paytm Payments Bank Senior Software Developer Salary 2 - 6 years exp. (8 salaries)	₹16 L/yr - ₹32 L/yr 98% more
IndusInd Bank Senior Software Developer Salary 5 - 10 years exp. (6 salaries)	₹17.3 L/yr - ₹22.8 L/yr 60% more
ICICI Bank Senior Software Developer Salary 2 - 6 years exp. (6 salaries)	₹5.2 L/yr - ₹7.9 L/yr 49% less
Axis Bank Senior Software Developer Salary 2 - 7 years exp. (6 salaries)	₹4.7 L/yr - ₹14.3 L/yr 16% less
HSBC Global Banking and Markets Senior Software Developer Salary 6 - 11 years exp. (3 salaries)	₹10.3 L/yr - ₹25.5 L/yr 31% more
Jana Small Finance Bank Senior Software Developer Salary 4 - 7 years exp. (3 salaries)	₹13.5 L/yr - ₹18 L/yr 21% more

Senior Software Developer salary at Kotak Mahindra Bank ranges between ₹10 Lakhs to ₹16 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Software Developer salaries

Last Updated: 24 Jul 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹10 L/yr - ₹10 L/yr
6 years (AmbitionBox Estimate)	₹10 L/yr - ₹19.7 L/yr
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7 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹22.6 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹16 L/yr
9 years (AmbitionBox Estimate)	₹15 L/yr - ₹28.3 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

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

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

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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 Senior Software Developer Salary FAQs

What is the salary of Senior Software Developer at Kotak Mahindra Bank ?

The average salary of a Senior Software Developer at Kotak Mahindra Bank in India typically ranges from ₹10.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Senior Software Developer at Kotak Mahindra Bank earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Senior Software Developer 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 Senior Software Developer at Kotak Mahindra Bank in India?

The estimated take-home salary of a Senior Software Developer at Kotak Mahindra Bank in India typically ranges from ₹89,739 to ₹92,097 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 5 years to 9 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 Senior Software Developer in India?

IDFC FIRST Bank	₹17.5 Lakhs to ₹46.0 Lakhs per year
Paytm Payments Bank	₹16.0 Lakhs to ₹32.0 Lakhs per year
IndusInd Bank	₹17.3 Lakhs to ₹22.8 Lakhs per year
HSBC Global Banking and Markets	₹10.3 Lakhs to ₹25.5 Lakhs per year
Jana Small Finance Bank	₹13.5 Lakhs to ₹18.0 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 Software Developer in companies similar to Kotak Mahindra Bank in India?

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

HDFC Bank	₹5.8 Lakhs to ₹18.0 Lakhs per year
Axis Bank	₹4.7 Lakhs to ₹14.3 Lakhs per year
ICICI Bank	₹5.2 Lakhs to ₹7.9 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 Software Developer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹10.0 Lakhs to ₹10.0 Lakhs per year
6 years	₹10.0 Lakhs to ₹19.7 Lakhs per year
7 years	₹12.5 Lakhs to ₹22.6 Lakhs per year
8 years	₹5.7 Lakhs to ₹16.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Software Developer Salaries

Kotak Mahindra Bank Senior Software Developer salary in India ranges between ₹10 Lakhs to ₹16 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.