Kotak Mahindra Bank Software Developer Salaries by 30+ Employees (Updated 2025)

1 - 5 years exp.

₹8.9 Lakhs - ₹32 Lakhs

Salary of majority employees

129% more than the average Software Developer Salary in Banking Companies for 1 - 5 years of experience

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Last Updated: 22 Feb 2025

Companies similar to Kotak Mahindra Bank for Software Developer

Company name	Avg Annual Salary	Open Jobs
TCS Software Developer Salary 0 - 9 years exp. (19.1k salaries)	₹3 L/yr - ₹13.3 L/yr 58% less
Infosys Software Developer Salary 0 - 7 years exp. (5.8k salaries)	₹3 L/yr - ₹12.5 L/yr 56% less	1 job opening
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Wipro Software Developer Salary 0 - 8 years exp. (5.7k salaries)	₹2.1 L/yr - ₹17.3 L/yr 52% less	1 job opening
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HDFC Bank Software Developer Salary 1 - 8 years exp. (131 salaries)	₹9.6 L/yr - ₹18.1 L/yr 40% less
IDFC FIRST Bank Software Developer Salary 0 - 5 years exp. (60 salaries)	₹7 L/yr - ₹25 L/yr 12% less
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Axis Bank Software Developer Salary 0 - 4 years exp. (53 salaries)	₹3.5 L/yr - ₹12.5 L/yr 53% less
ICICI Bank Software Developer Salary 1 - 6 years exp. (40 salaries)	₹2.4 L/yr - ₹12.3 L/yr 61% less
Paytm Payments Bank Software Developer Salary 0 - 4 years exp. (32 salaries)	₹8 L/yr - ₹24 L/yr 14% less
RBL Bank Software Developer Salary 0 - 7 years exp. (21 salaries)	₹3 L/yr - ₹12 L/yr 59% less
IndusInd Bank Software Developer Salary 0 - 8 years exp. (20 salaries)	₹5 L/yr - ₹15 L/yr 50% less
State Bank of India Software Developer Salary 2 - 11 years exp. (13 salaries)	₹5 L/yr - ₹20 L/yr 36% less
Barclays Investment Bank Software Developer Salary 1 - 11 years exp. (12 salaries)	₹9.9 L/yr - ₹23.4 L/yr 6% less
Bandhan Bank Software Developer Salary 0 - 8 years exp. (9 salaries)	₹3 L/yr - ₹10 L/yr 68% less
Yes Bank Software Developer Salary 0 - 3 years exp. (7 salaries)	₹3 L/yr - ₹8 L/yr 69% less

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Software Developer salary at Kotak Mahindra Bank ranges between ₹8.9 Lakhs to ₹32 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 35 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Software Developer salaries

Last Updated: 22 Feb 2025

Experience	Avg Annual Salary
1 year (12 salaries)	₹9 L/yr - ₹25 L/yr
2 years (5 salaries)	₹10.2 L/yr - ₹32 L/yr
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3 years (13 salaries)	₹9 L/yr - ₹29.4 L/yr
4 years (4 salaries)	₹7.5 L/yr - ₹33.7 L/yr
5 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹34.4 L/yr

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Salary related reviews for Kotak Mahindra Bank

1.8

Rated by 3 employees for salary & benefits

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

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Software Developer Salary FAQs

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

Software Developer salary at Kotak Mahindra Bank in India ranges between ₹8.9 Lakhs to ₹32.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 129% more than the average Software Developer Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Software Developer at Kotak Mahindra Bank is 129% more than the average salary of a Software Developer in India. To know exact salary insights, login to view.

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

Barclays Investment Bank Software Developer Salary - ₹9.9 Lakhs to ₹23.4 Lakhs per year
IBM Software Developer Salary - ₹9.4 Lakhs to ₹28.7 Lakhs per year
IDFC FIRST Bank Software Developer Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
HSBC Global Banking and Markets Software Developer Salary - ₹9.5 Lakhs to ₹25.0 Lakhs per year
Paytm Payments Bank Software Developer Salary - ₹8.0 Lakhs to ₹24.0 Lakhs per year

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

The estimated take-home salary of a Software Developer at Kotak Mahindra Bank ranges between ₹1,22,899 per month to ₹1,26,542 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Software Developer salary in India which ranges between ₹8.9 Lakhs to ₹32.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Software Developer at Kotak Mahindra Bank?

According to AmbitionBox, 42% of the Kotak Mahindra Bank Software Developers reported a notice period of 1 Month, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Software Developer Salaries

Kotak Mahindra Bank Software Developer salary in India ranges between ₹8.9 Lakhs to ₹32 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Software Developer salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Software Developer

Latest annual salaries shared by Kotak Mahindra Bank Software Developer

Experience wise Kotak Mahindra Bank Software Developer salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Team Lead in Bangalore / Bengaluru

Senior Associate in Mumbai

Principal Software Engineer in Bangalore / Bengaluru

Deputy Vice President in Indore

Branch Relationship Manager in Kolkata

Kotak Mahindra Bank Software Developer Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Software Developer Salaries by Location