Kotak Mahindra Bank Software Developer 1 Salaries by 7 Employees

0 - 3 years exp.

₹16 Lakhs - ₹35 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

197% 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 - 6 years exp. (4 salaries)	₹10 L/yr - ₹12 L/yr 57% less
Paytm Payments Bank Software Developer 1 Salary 0 - 3 years exp. (4 salaries)	₹14 L/yr - ₹18 L/yr 38% less
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TCS Software Developer 1 Salary 1 - 5 years exp. (220 salaries)	₹2.6 L/yr - ₹9.9 L/yr 80% less
UST Software Developer 1 Salary 0 - 3 years exp. (169 salaries)	₹3.5 L/yr - ₹5.9 L/yr 83% less
Amdocs Software Developer 1 Salary 1 - 4 years exp. (98 salaries)	₹6.2 L/yr - ₹15 L/yr 64% 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 7 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 - ₹28 L/yr
1 year (AmbitionBox Estimate)	₹9.6 L/yr - ₹27 L/yr
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2 years (AmbitionBox Estimate)	₹28 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

Assistant Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

4.0

• posted on 02 Apr 2025

3.0

for Salary and Benefits

Likes

highlight your interest in their innovative digital banking services, focus on customer satisfaction, and rapid growth, aligning your skills and experience with their values and goals.

Skill development - Good

+2 more

Dislikes

Not grown in the bank and salary also low

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

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Software Developer 1 Salary FAQs

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

The average salary of a Software Developer 1 at Kotak Mahindra Bank in India typically ranges from ₹16.0 Lakhs to ₹35.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Software Developer 1 at Kotak Mahindra Bank earn more than ₹34.6 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. Software Developer 1 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 7 Kotak Mahindra Bank employees in India.

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 in India typically ranges from ₹1,65,695 to ₹1,72,050 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹35.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 7 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 1 in companies similar to Kotak Mahindra Bank in India?

The salary of a Software Developer 1 at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Paytm Payments Bank	₹14.0 Lakhs to ₹18.0 Lakhs per year
HDFC Bank	₹10.0 Lakhs to ₹12.0 Lakhs per year
Amdocs	₹6.2 Lakhs to ₹15.0 Lakhs per year
TCS	₹2.6 Lakhs to ₹9.9 Lakhs per year
UST	₹3.5 Lakhs to ₹5.9 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 Software Developer 1 at Kotak Mahindra Bank in India?

The salary growth for a Software Developer 1 at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Software Developer 1 can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹16.0 Lakhs to ₹28.0 Lakhs per year
1 year	₹9.6 Lakhs to ₹27.0 Lakhs per year
2 years	₹28.0 Lakhs to ₹33.0 Lakhs per year
3 years	₹33.0 Lakhs to ₹35.0 Lakhs per year

and so on.

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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 7 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.