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

Annual salary range
2 - 7 years exp.
₹10.7 Lakhs - ₹20.9 Lakhs
Salary of majority employees
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47% more than the average Software Engineer Salary in Banking Companies for 2 - 7 years of experience

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Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
2 - 7 years exp. (18 salaries)
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₹13.4 L/yr - ₹23.7 L/yr

IT & Information Security
Software Engineer Salary
2 - 5 years exp. (4 salaries)
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₹9.1 L/yr - ₹12.3 L/yr

Engineering - Hardware & Networks
Software Engineer Salary
4 years exp. (AmbitionBox Estimate)
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₹9.5 L/yr - ₹12.8 L/yr

Last Updated: 9 Feb 2025

Companies similar to Kotak Mahindra Bank for Software Engineer

Company name Avg Annual Salary Open Jobs
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Paytm Payments Bank Software Engineer Salary

0 - 4 years exp. (164 salaries)

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₹6.4 L/yr - ₹25.7 L/yr

arrow icon 20% more
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HDFC Bank Software Engineer Salary

1 - 6 years exp. (90 salaries)

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₹2.6 L/yr - ₹12.9 L/yr

arrow icon 40% less
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ICICI Bank Software Engineer Salary

0 - 5 years exp. (76 salaries)

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₹2.9 L/yr - ₹11.9 L/yr

arrow icon 37% less
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Axis Bank Software Engineer Salary

0 - 5 years exp. (66 salaries)

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₹2.3 L/yr - ₹10.3 L/yr

arrow icon 46% less
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RBL Bank Software Engineer Salary

0 - 4 years exp. (56 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 21% less
2 job openings
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IDFC FIRST Bank Software Engineer Salary

0 - 5 years exp. (45 salaries)

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₹4 L/yr - ₹16.2 L/yr

arrow icon 20% less
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Yes Bank Software Engineer Salary

0 - 6 years exp. (22 salaries)

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₹2.6 L/yr - ₹9.4 L/yr

arrow icon 58% less
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₹5 L/yr - ₹10.4 L/yr

arrow icon 45% less
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IndusInd Bank Software Engineer Salary

1 - 7 years exp. (16 salaries)

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₹2.4 L/yr - ₹9.8 L/yr

arrow icon 41% less
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IDBI Bank Software Engineer Salary

2 - 3 years exp. (10 salaries)

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₹5.1 L/yr - ₹16 L/yr

arrow icon 23% less
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Canara Bank Software Engineer Salary

2 - 4 years exp. (8 salaries)

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₹3.4 L/yr - ₹4.8 L/yr

arrow icon 68% less
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Bandhan Bank Software Engineer Salary

2 - 5 years exp. (7 salaries)

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₹1 L/yr - ₹8.6 L/yr

arrow icon 52% less
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Bank of Baroda Software Engineer Salary

0 - 4 years exp. (7 salaries)

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₹9.9 L/yr - ₹18.2 L/yr

arrow icon 3% more
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Federal Bank Software Engineer Salary

0 - 5 years exp. (6 salaries)

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₹2 L/yr - ₹9 L/yr

arrow icon 62% less
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₹5.5 L/yr - ₹12 L/yr

arrow icon 21% less
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Chase Bank Software Engineer Salary

0 - 4 years exp. (5 salaries)

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₹5.5 L/yr - ₹16 L/yr

arrow icon 20% less
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₹13.2 L/yr - ₹22 L/yr

arrow icon 44% more
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₹4.2 L/yr - ₹7 L/yr

arrow icon 57% less
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₹3.2 L/yr - ₹4.3 L/yr

arrow icon 68% less
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City Union Bank Software Engineer Salary

4 - 7 years exp. (4 salaries)

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₹7.2 L/yr - ₹15 L/yr

arrow icon 13% less
View all
Software Engineer salary at Kotak Mahindra Bank ranges between ₹10.7 Lakhs to ₹20.9 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 36 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Software Engineer

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Experience wise Kotak Mahindra Bank Software Engineer salaries

Last Updated: 9 Feb 2025

Experience Avg Annual Salary
2 years  (12 salaries)

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₹4.3 L/yr - ₹19.2 L/yr
3 years  (7 salaries)

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₹4.9 L/yr - ₹14.7 L/yr
4 years  (8 salaries)

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₹4.8 L/yr - ₹21.6 L/yr
5 years  (6 salaries)

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₹5.6 L/yr - ₹15.3 L/yr
6 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹18.7 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Lead Software Engineer Salary
(AmbitionBox Estimate)
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₹27.5 L/yr - ₹35.1 L/yr
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₹6 L/yr - ₹16 L/yr
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₹3.5 L/yr - ₹15 L/yr
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₹15.34 L/yr - ₹31.71 L/yr
Lead Engineer Salary
(AmbitionBox Estimate)
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₹52.3 L/yr - ₹57.8 L/yr
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₹8.7 L/yr - ₹33.5 L/yr
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₹2.2 L/yr - ₹15 L/yr
Associate Software Engineer Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
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₹12 L/yr - ₹37 L/yr
Senior Developer Salary
(AmbitionBox Estimate)
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₹39.6 L/yr - ₹50.6 L/yr

Salary related reviews for Kotak Mahindra Bank

4.0

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 02 Mar 2025

2.0
 for  Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 08 Feb 2025

3.0
 for  Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

  • Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

read more
  • Work satisfaction - Poor
  • +2 more

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

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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Kotak Mahindra Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at Kotak Mahindra Bank ?
The average salary of a Software Engineer at Kotak Mahindra Bank in India typically ranges from ₹10.7 Lakhs to ₹20.9 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Software Engineer at Kotak Mahindra Bank earn more than ₹20.9 Lakhs per year, and the top 1% earn over ₹34.0 Lakhs per year. Software Engineer 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 30+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Software Engineer at Kotak Mahindra Bank in India?
The estimated take-home salary of a Software Engineer at Kotak Mahindra Bank in India typically ranges from ₹87,502 to ₹89,797 per month. This is based on the average salary range of ₹10.7 Lakhs to ₹20.9 Lakhs per year for employees with experience ranging from 2 years to 7 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 30+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindra Bank for Software Engineer in India?
Barclays Investment Bank ₹13.2 Lakhs to ₹22.0 Lakhs per year
Paytm Payments Bank ₹6.4 Lakhs to ₹25.7 Lakhs per year
Union Bank of India ₹10.0 Lakhs to ₹17.0 Lakhs per year
Bank of Baroda ₹9.9 Lakhs to ₹18.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.
What is the salary of a Software Engineer in companies similar to Kotak Mahindra Bank in India?
The salary of a Software Engineer at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

South Indian Bank ₹5.0 Lakhs to ₹15.4 Lakhs per year
City Union Bank ₹7.2 Lakhs to ₹15.0 Lakhs per year
Chase Bank ₹5.5 Lakhs to ₹16.0 Lakhs per year
IDFC FIRST Bank ₹4.0 Lakhs to ₹16.2 Lakhs per year
RBL Bank ₹4.5 Lakhs to ₹15.0 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 Engineer at Kotak Mahindra Bank in India?
The salary growth for a Software Engineer at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Software Engineer can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
2 years ₹4.3 Lakhs to ₹19.2 Lakhs per year
3 years ₹4.9 Lakhs to ₹14.7 Lakhs per year
4 years ₹4.8 Lakhs to ₹21.6 Lakhs per year
5 years ₹5.6 Lakhs to ₹15.3 Lakhs per year
and so on.

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Kotak Mahindra Bank Software Engineer salary in India ranges between ₹10.7 Lakhs to ₹20.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 36 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.