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

Annual salary range
1 - 6 years exp.
₹8.7 Lakhs - ₹29.4 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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105% more than the average Software Developer Salary in Banking Companies for 1 - 6 years of experience

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Last Updated: 31 Mar 2025

Companies similar to Kotak Mahindra Bank for Software Developer

Company name Avg Annual Salary Open Jobs
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HDFC Bank Software Developer Salary

1 - 10 years exp. (141 salaries)

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₹9.5 L/yr - ₹19.9 L/yr

arrow icon 33% less
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IDFC FIRST Bank Software Developer Salary

0 - 5 years exp. (63 salaries)

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₹7 L/yr - ₹25 L/yr

arrow icon 8% less
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Axis Bank Software Developer Salary

1 - 4 years exp. (55 salaries)

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₹4.4 L/yr - ₹15 L/yr

arrow icon 42% less
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ICICI Bank Software Developer Salary

1 - 6 years exp. (43 salaries)

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₹2 L/yr - ₹7 L/yr

arrow icon 61% less
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Paytm Payments Bank Software Developer Salary

0 - 4 years exp. (32 salaries)

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₹6.3 L/yr - ₹24 L/yr

arrow icon 13% less
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RBL Bank Software Developer Salary

0 - 7 years exp. (21 salaries)

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₹3 L/yr - ₹12 L/yr

arrow icon 55% less
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IndusInd Bank Software Developer Salary

1 - 8 years exp. (20 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 46% less
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₹9.9 L/yr - ₹23.4 L/yr

arrow icon 2% less
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Bandhan Bank Software Developer Salary

0 - 8 years exp. (9 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 67% less
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IDBI Bank Software Developer Salary

0 - 9 years exp. (6 salaries)

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₹3.3 L/yr - ₹10.5 L/yr

arrow icon 58% less
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₹9.5 L/yr - ₹25 L/yr

arrow icon 10% less
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Yes Bank Software Developer Salary

1 - 6 years exp. (16 salaries)

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₹9.2 L/yr - ₹15.3 L/yr

arrow icon 31% less
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Bank of Baroda Software Developer Salary

2 - 5 years exp. (5 salaries)

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₹4.8 L/yr - ₹9.8 L/yr

arrow icon 65% less
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City Union Bank Software Developer Salary

0 - 8 years exp. (5 salaries)

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₹5 L/yr - ₹14 L/yr

arrow icon 49% less
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Canara Bank Software Developer Salary

0 - 3 years exp. (4 salaries)

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₹3 L/yr - ₹12.5 L/yr

arrow icon 60% less
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Karur Vysya Bank Software Developer Salary

1 - 4 years exp. (4 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 66% less
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Federal Bank Software Developer Salary

0 - 1 year exp. (3 salaries)

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₹3 L/yr - ₹4 L/yr

arrow icon 80% less
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₹6 L/yr - ₹20.3 L/yr

arrow icon 25% less
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₹5.9 L/yr - ₹8 L/yr

arrow icon 62% less
Software Developer salary at Kotak Mahindra Bank ranges between ₹8.7 Lakhs to ₹29.4 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 41 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Software Developer

2d ago
₹23 Lakhs
3 years exp.
2w ago
₹24 Lakhs
3 years exp.
3w ago
₹50 Lakhs
6 years exp.
3w ago
₹50 Lakhs
6 years exp.
3w ago
₹8.8 Lakhs
2 years exp.
3w ago
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6 years exp.
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4 years exp.
1mo ago
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2 years exp.
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3 years exp.
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2 years exp.

Experience wise Kotak Mahindra Bank Software Developer salaries

Last Updated: 31 Mar 2025

Experience Avg Annual Salary
1 year  (13 salaries)

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₹8 L/yr - ₹23.5 L/yr
2 years  (6 salaries)

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₹8.8 L/yr - ₹26.8 L/yr
3 years  (15 salaries)

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₹10.6 L/yr - ₹27 L/yr
4 years (AmbitionBox Estimate)

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₹16.7 L/yr - ₹21.4 L/yr
5 years (AmbitionBox Estimate)

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₹18.4 L/yr - ₹23.5 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Senior Developer Salary
(AmbitionBox Estimate)
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₹39.6 L/yr - ₹50.6 L/yr
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₹4.9 L/yr - ₹19.9 L/yr
Java Developer Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
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₹10 L/yr - ₹16 L/yr
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₹11.82 L/yr - ₹23 L/yr
Web Developer Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹5.5 L/yr - ₹7 L/yr
Application Developer Salary
(AmbitionBox Estimate)
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₹11.3 L/yr - ₹14.4 L/yr
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₹12 L/yr - ₹37 L/yr
Lead Software Engineer Salary
(AmbitionBox Estimate)
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₹27.5 L/yr - ₹35.1 L/yr

Salary related reviews for Kotak Mahindra Bank

1.8

Rated by 3 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +1 more

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.

read more
  • Salary - Bad
  • +3 more

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

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Poor
  • +5 more

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.

read more
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Kotak Mahindra Bank Software Developer Salary FAQs

What is the salary of Software Developer at Kotak Mahindra Bank ?
The average salary of a Software Developer at Kotak Mahindra Bank in India typically ranges from ₹8.7 Lakhs to ₹29.4 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Software Developer at Kotak Mahindra Bank earn more than ₹33.4 Lakhs per year, and the top 1% earn over ₹50.0 Lakhs per year. 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 40+ Kotak Mahindra Bank employees in India.
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 in India typically ranges from ₹1,19,157 to ₹1,22,498 per month. This is based on the average salary range of ₹8.7 Lakhs to ₹29.4 Lakhs per year for employees with experience ranging from 1 year to 6 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 40+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Software Developer in companies similar to Kotak Mahindra Bank in India?
The salary of a 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:

Barclays Investment Bank ₹9.9 Lakhs to ₹23.4 Lakhs per year
IDFC FIRST Bank ₹7.0 Lakhs to ₹25.0 Lakhs per year
HSBC Global Banking and Markets ₹9.5 Lakhs to ₹25.0 Lakhs per year
Paytm Payments Bank ₹6.3 Lakhs to ₹24.0 Lakhs per year
The Saraswat Co-operative Bank ₹6.0 Lakhs to ₹20.3 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 Software Developer at Kotak Mahindra Bank in India?
The salary growth for a Software Developer at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
1 year ₹8.0 Lakhs to ₹23.5 Lakhs per year
2 years ₹8.8 Lakhs to ₹26.8 Lakhs per year
3 years ₹10.6 Lakhs to ₹27.0 Lakhs per year
4 years ₹16.7 Lakhs to ₹21.4 Lakhs per year
and so on.

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Kotak Mahindra Bank Software Developer salary in India ranges between ₹8.7 Lakhs to ₹29.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 41 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.