Kotak Mahindra Bank SM Salaries by 4 Employees (Updated 2024)

2 - 18 years exp.

₹6 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

7% more than the average SM Salary in Banking Companies for 2 - 18 years of experience

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Last Updated: 2 Jun 2023

Companies similar to Kotak Mahindra Bank for SM

Company name	Avg Annual Salary	Open Jobs
HDFC Bank SM Salary 2 - 14 years exp. (17 salaries)	₹3 L/yr - ₹12 L/yr 18% less
ICICI Bank SM Salary 3 - 12 years exp. (19 salaries)	₹3 L/yr - ₹7.2 L/yr 45% less
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Axis Bank SM Salary 3 - 13 years exp. (21 salaries)	₹3.3 L/yr - ₹10 L/yr 23% less
IndusInd Bank SM Salary 2 - 9 years exp. (3 salaries)	₹3 L/yr - ₹4.6 L/yr 61% less
Yes Bank SM Salary 4 - 9 years exp. (3 salaries)	₹2.2 L/yr - ₹8.5 L/yr 29% less
IDFC FIRST Bank SM Salary 8 - 14 years exp. (7 salaries)	₹6.5 L/yr - ₹10.9 L/yr 13% less
Bandhan Bank SM Salary 1 - 15 years exp. (3 salaries)	₹3.8 L/yr - ₹17 L/yr 24% more
Jana Small Finance Bank SM Salary 2 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 56% less
Utkarsh Small Finance Bank SM Salary 5 - 8 years exp. (4 salaries)	₹3.6 L/yr - ₹6.2 L/yr 46% less

SM salary at Kotak Mahindra Bank ranges between ₹6 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank SM salaries

Last Updated: 2 Jun 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
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4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
7 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
8 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
9 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
13 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
14 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
15+ years (3 salaries)	₹4.6 L/yr - ₹15 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Junior Associate in Thane

Full Time

Other Department

5.0

• posted on 12 Nov 2024

5.0

for Salary and Benefits

Likes

62% of Kotak Mahindra Bank employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Kotak Mahindra Bank 3.3 out of 5 for work life balance, 3.5 for culture and values and 3.6 for career opportunities.

Dislikes

Some say there is no work-life balance, and that employees work long hours, including on holidays Salary: Some say that salaries are low Management: Some say that management is bad and that rules are not followed Company politics: Some say that company politics and policies are an issue Targets: Some say that targets are high, but the services are not good Working culture: Some say that the working culture is not good

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

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

Junior Associate in Coimbatore

Full Time

Sales & Business Development Department

3.0

• posted on 27 Sep 2024

1.0

for Salary and Benefits

Likes

I'm working from kotak 2021to still, it's more comfortable office to me with supportive team and management

Dislikes

Actually I'm working at kotak for past 3 years when I join here my salary monthly 12000 , 3 years gone and also march 2023 I got promotion as a team leader, I given good support to my team also given good business but still I didn't get hike and 12000 only I'm getting. So i need salary improvement for my effective work and do the needful

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

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.

Dislikes

Salary, promortion - these are the worst over here.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

2 participants . expiring in 2w

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Kotak Mahindra Bank SM Salary FAQs

What is the salary of SM at Kotak Mahindra Bank?

SM salary at Kotak Mahindra Bank in India ranges between ₹6.0 Lakhs to ₹15.0 Lakhs for experience between 2 years to 18 years. According to our estimates it is 7% more than the average SM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a SM at Kotak Mahindra Bank is 7% more than the average salary of a SM in India. To know exact salary insights, login to view.

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

Bandhan Bank SM Salary - ₹3.8 Lakhs to ₹17.0 Lakhs per year

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

IDFC FIRST Bank SM Salary - ₹6.5 Lakhs to ₹10.9 Lakhs per year
HDFC Bank SM Salary - ₹3.0 Lakhs to ₹12.0 Lakhs per year
Axis Bank SM Salary - ₹3.3 Lakhs to ₹10.0 Lakhs per year
Yes Bank SM Salary - ₹2.2 Lakhs to ₹8.5 Lakhs per year
ICICI Bank SM Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year

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

The estimated take-home salary of a SM at Kotak Mahindra Bank ranges between ₹66,082 per month to ₹67,771 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank SM salary in India which ranges between ₹6.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 2 years to 18 years. Check how did we calculate take home salary?

What is the notice period for SM at Kotak Mahindra Bank?

According to AmbitionBox, 50% of the Kotak Mahindra Bank SMs reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank SM Salaries

Kotak Mahindra Bank SM salary in India ranges between ₹6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.