Kotak Mahindra Bank Mumbai Software Developer Salaries by 10+ Employees (Updated 2025)

1 - 5 years exp.

₹7.2 Lakhs - ₹22 Lakhs

Salary of majority employees

78% more than the average Software Developer Salary in Banking Companies for 1 - 5 years of experience

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Last Updated: 3 Dec 2024

Companies similar to Kotak Mahindra Bank for Software Developer in Mumbai

Kotak Mahindra Bank Software Developer Salary

1 - 5 years exp. (12 salaries)

₹7.2 L/yr - ₹22 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS Software Developer Salary 0 - 9 years exp. (1.4k salaries)	₹2.6 L/yr - ₹12 L/yr 49% less
Wipro Software Developer Salary 0 - 8 years exp. (175 salaries)	₹3.5 L/yr - ₹18.1 L/yr 39% less
Login to view exact salary
Accenture Software Developer Salary 0 - 9 years exp. (309 salaries)	₹3.8 L/yr - ₹15.5 L/yr 39% less	1 job opening
Tech Mahindra Software Developer Salary 0 - 7 years exp. (163 salaries)	₹2.2 L/yr - ₹12.2 L/yr 55% less	1 job opening
Capgemini Software Developer Salary 0 - 8 years exp. (352 salaries)	₹3.1 L/yr - ₹14.4 L/yr 46% less
HDFC Bank Software Developer Salary 1 - 10 years exp. (90 salaries)	₹9 L/yr - ₹17 L/yr 28% less
Axis Bank Software Developer Salary 0 - 4 years exp. (24 salaries)	₹3.7 L/yr - ₹12.5 L/yr 38% less
IDFC FIRST Bank Software Developer Salary 1 - 6 years exp. (21 salaries)	₹5.5 L/yr - ₹19.8 L/yr 14% less
ICICI Bank Software Developer Salary 1 - 10 years exp. (11 salaries)	₹9.8 L/yr - ₹10.4 L/yr 32% less
RBL Bank Software Developer Salary 2 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹12 L/yr 44% less
IndusInd Bank Software Developer Salary 0 - 8 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 35% less
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State Bank of India Software Developer Salary 3 - 7 years exp. (4 salaries)	₹11 L/yr - ₹14 L/yr 25% less
IDBI Bank Software Developer Salary 7 - 9 years exp. (3 salaries)	₹7.5 L/yr - ₹10.5 L/yr 48% less

Software Developer salary at Kotak Mahindra Bank ranges between ₹7.2 Lakhs to ₹22 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Software Developer salaries in Mumbai

Last Updated: 3 Dec 2024

Experience	Avg Annual Salary
1 year (6 salaries)	₹6 L/yr - ₹20 L/yr
2 years (AmbitionBox Estimate)	₹13 L/yr - ₹16.6 L/yr
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3 years (4 salaries)	₹14 L/yr - ₹22 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹22 L/yr
5 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹28.1 L/yr

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Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 1 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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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 Salary FAQs

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

Software Developer salary at Kotak Mahindra Bank in Mumbai ranges between ₹7.2 Lakhs to ₹22.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 78% more than the average Software Developer Salary in India. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Software Developer at Kotak Mahindra Bank is 78% more than the average salary of a Software Developer in Mumbai. To know exact salary insights, login to view.

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

IDFC FIRST Bank Software Developer Salary - ₹5.5 Lakhs to ₹19.8 Lakhs per year
State Bank of India Software Developer Salary - ₹11.0 Lakhs to ₹14.0 Lakhs per year
HDFC Bank Software Developer Salary - ₹9.0 Lakhs to ₹17.0 Lakhs per year
ICICI Bank Software Developer Salary - ₹9.8 Lakhs to ₹10.4 Lakhs per year
IndusInd Bank Software Developer Salary - ₹6.0 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Software Developer at Kotak Mahindra Bank ranges between ₹1,02,402 per month to ₹1,05,201 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Software Developer salary in India which ranges between ₹7.2 Lakhs to ₹22.0 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 in Mumbai?

According to AmbitionBox, 40% of the Kotak Mahindra Bank Software Developers in Mumbai reported a notice period of 15 days or less, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Software Developer Salaries in Mumbai

Kotak Mahindra Bank Software Developer salary in Mumbai ranges between ₹7.2 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.