Kotak Mahindra Bank Team Member Salaries by 20+ Employees

0 - 16 years exp.

₹1.6 Lakh - ₹9.8 Lakhs

Salary of majority employees

44% more than the average Team Member Salary in Banking Companies for 0 - 16 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations Team Member Salary 1 - 5 years exp. (6 salaries)	₹1.6 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Team Member Salary 0 - 16 years exp. (5 salaries)	₹2.7 L/yr - ₹11.5 L/yr
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Finance & Accounting Team Member Salary 0 - 4 years exp. (4 salaries)	₹2.7 L/yr - ₹9.6 L/yr
Legal & Regulatory Team Member Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹9.7 L/yr

Last Updated: 23 Aug 2024

Companies similar to Kotak Mahindra Bank for Team Member

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Team Member Salary 0 - 11 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr 42% less	5 job openings
ICICI Bank Team Member Salary 0 - 6 years exp. (18 salaries)	₹1.1 L/yr - ₹6 L/yr 53% less
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Yes Bank Team Member Salary 6 - 9 years exp. (3 salaries)	₹1.1 L/yr - ₹4 L/yr 45% less
IndusInd Bank Team Member Salary 2 - 9 years exp. (4 salaries)	₹2.8 L/yr - ₹7.5 L/yr 14% less
IDFC FIRST Bank Team Member Salary 2 - 4 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 57% less
RBL Bank Team Member Salary 3 - 7 years exp. (3 salaries)	₹3.3 L/yr - ₹4 L/yr 39% less
Bandhan Bank Team Member Salary 0 - 9 years exp. (22 salaries)	₹1.3 L/yr - ₹9.4 L/yr 19% less

Team Member salary at Kotak Mahindra Bank ranges between ₹1.6 Lakh to ₹9.8 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Team Member salaries

Last Updated: 23 Aug 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹0.9 L/yr - ₹2.8 L/yr
1 year (3 salaries)	₹1.6 L/yr - ₹4.7 L/yr
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2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.6 L/yr
3 years (4 salaries)	₹1.9 L/yr - ₹6.4 L/yr
4 years (5 salaries)	₹1.9 L/yr - ₹7.3 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹8.1 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹9 L/yr
7 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹10.7 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
12 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
14 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹11.5 L/yr
15+ years (AmbitionBox Estimate)	₹3.8 L/yr - ₹11.5 L/yr

View all

From

Team Member

₹

Lakhs/yr

0 - 16 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Team Member

0 - 16 years exp.

Manager

0 - 15 years exp.

34% hike

Senior Manager

2 - 19 years exp.

56% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra Bank

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Relationship Officer Salary

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₹2 L/yr - ₹6.5 L/yr

Product Manager Salary

(601 salaries)

₹6.11 L/yr - ₹24.78 L/yr

Team Lead Salary

(422 salaries)

₹1.5 L/yr - ₹6.76 L/yr

Business Analyst Salary

(308 salaries)

₹4.53 L/yr - ₹19 L/yr

Top skills at Kotak Mahindra Bank for Team Member

Excel MIS Reporting Operations Banking Trade Finance Ca Test Cases Communication Skills Risk Management Business Solutions XML MS Office SQL Risk Assessment UAT

Salary related reviews for Kotak Mahindra Bank

2.7

Rated by 3 employees for salary & benefits

Deputy Manager Operations in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

Salary - Poor

+4 more

Junior Associate in Thane

Full Time

Other Department

5.0

• posted on 12 Nov 2024

5.0

for Salary and Benefits

Likes

62% of Kotak Mahindra Bank employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Kotak Mahindra Bank 3.3 out of 5 for work life balance, 3.5 for culture and values and 3.6 for career opportunities.

Salary - Excellent

+6 more

Dislikes

Some say there is no work-life balance, and that employees work long hours, including on holidays Salary: Some say that salaries are low Management: Some say that management is bad and that rules are not followed Company politics: Some say that company politics and policies are an issue Targets: Some say that targets are high, but the services are not good Working culture: Some say that the working culture is not good

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

Junior Associate in Coimbatore

Full Time

Sales & Business Development Department

3.0

• posted on 27 Sep 2024

1.0

for Salary and Benefits

Likes

I'm working from kotak 2021to still, it's more comfortable office to me with supportive team and management

Skill development - Excellent

+3 more

Dislikes

Actually I'm working at kotak for past 3 years when I join here my salary monthly 12000 , 3 years gone and also march 2023 I got promotion as a team leader, I given good support to my team also given good business but still I didn't get hike and 12000 only I'm getting. So i need salary improvement for my effective work and do the needful

Salary - Bad

+1 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Team Member Salary FAQs

What is the salary of Team Member at Kotak Mahindra Bank ?

The average salary of a Team Member at Kotak Mahindra Bank in India typically ranges from ₹1.6 Lakhs to ₹9.8 Lakhs per year, depending on experience (from Fresher to 16 years).

The top 10% of Team Member at Kotak Mahindra Bank earn more than ₹11.5 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. Team Member 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 20+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Team Member at Kotak Mahindra Bank in India?

The estimated take-home salary of a Team Member at Kotak Mahindra Bank in India typically ranges from ₹45,233 to ₹46,320 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹9.8 Lakhs per year for employees with experience ranging from Fresher to 16 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 20+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Team Member at Kotak Mahindra Bank ?

To be a Team Member at Kotak Mahindra Bank in india, the key skills required include:

- Excel
- MIS Reporting
- Operations
- Banking
- Trade Finance

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

What is the salary of a Team Member in companies similar to Kotak Mahindra Bank in India?

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

IndusInd Bank	₹2.8 Lakhs to ₹7.5 Lakhs per year
Bandhan Bank	₹1.3 Lakhs to ₹9.4 Lakhs per year
RBL Bank	₹3.3 Lakhs to ₹4.0 Lakhs per year
HDFC Bank	₹3.0 Lakhs to ₹5.0 Lakhs per year
Yes Bank	₹1.1 Lakhs to ₹4.0 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 Team Member at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹2.8 Lakhs per year
1 year	₹1.6 Lakhs to ₹4.7 Lakhs per year
2 years	₹2.7 Lakhs to ₹5.6 Lakhs per year
3 years	₹1.9 Lakhs to ₹6.4 Lakhs per year

and so on.

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Kotak Mahindra Bank Team Member Salaries

Kotak Mahindra Bank Team Member salary in India ranges between ₹1.6 Lakh to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.