Kotak Mahindra Bank Software Developer 1 Salaries by 6 Employees (Updated 2025)

0 - 3 years exp.

₹16 Lakhs - ₹35 Lakhs

Low Confidence

Salary of majority employees

177% more than the average Software Developer 1 Salary in Banking Companies for 0 - 3 years of experience

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Last Updated: 22 Sep 2024

Companies similar to Kotak Mahindra Bank for Software Developer 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Developer 1 Salary 1 - 5 years exp. (4 salaries)	₹10 L/yr - ₹27 L/yr 39% less
Paytm Payments Bank Software Developer 1 Salary 0 - 3 years exp. (4 salaries)	₹14 L/yr - ₹18 L/yr 33% less
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TCS Software Developer 1 Salary 1 - 5 years exp. (210 salaries)	₹2.6 L/yr - ₹10 L/yr 79% less
UST Software Developer 1 Salary 0 - 3 years exp. (142 salaries)	₹3.5 L/yr - ₹6.5 L/yr 82% less
Amdocs Software Developer 1 Salary 1 - 4 years exp. (102 salaries)	₹5.3 L/yr - ₹13 L/yr 63% less

Software Developer 1 salary at Kotak Mahindra Bank ranges between ₹16 Lakhs to ₹35 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Software Developer 1 salaries

Last Updated: 22 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹16 L/yr - ₹16 L/yr
1 year (AmbitionBox Estimate)	₹8.5 L/yr - ₹27 L/yr
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2 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹33 L/yr
3 years (AmbitionBox Estimate)	₹33 L/yr - ₹35 L/yr

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Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 1 employees for salary & benefits

Software Developer 1 in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

5.0

• posted on 20 Dec 2023

4.0

for Salary and Benefits

Likes

...berty. U can work from anywhere in the World 🌎. M1 or more laptops. Average: Salary will be 20% hike from last job, it's fixed and doesn't depend on current position. Performance bonus 10% base at end of year.

Salary - Good

+6 more

Dislikes

...e (not parents 😭). No own office, using Wework space. No wfh setup allowance. All allowance are part of base salary, they played well on this 😂.

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Software Developer 1 Salary FAQs

What is the salary of Software Developer 1 at Kotak Mahindra Bank?

Software Developer 1 salary at Kotak Mahindra Bank in India ranges between ₹16.0 Lakhs to ₹35.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 177% more than the average Software Developer 1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Software Developer 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Software Developer 1 at Kotak Mahindra Bank is 177% more than the average salary of a Software Developer 1 in India. To know exact salary insights, login to view.

What is the salary of a Software Developer 1 in companies similar to Kotak Mahindra Bank in India?

Paytm Payments Bank Software Developer 1 Salary - ₹14.0 Lakhs to ₹18.0 Lakhs per year
HDFC Bank Software Developer 1 Salary - ₹10.0 Lakhs to ₹27.0 Lakhs per year
Amdocs Software Developer 1 Salary - ₹5.3 Lakhs to ₹13.0 Lakhs per year
TCS Software Developer 1 Salary - ₹2.6 Lakhs to ₹10.0 Lakhs per year
UST Software Developer 1 Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Software Developer 1 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Software Developer 1 at Kotak Mahindra Bank ranges between ₹1,55,774 per month to ₹1,61,681 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Software Developer 1 salary in India which ranges between ₹16.0 Lakhs to ₹35.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Software Developer 1 at Kotak Mahindra Bank?

According to AmbitionBox, 57% of the Kotak Mahindra Bank Software Developer 1s reported a notice period of 1 Month, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Software Developer 1 Salaries

Kotak Mahindra Bank Software Developer 1 salary in India ranges between ₹16 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.