Kotak Mahindra Bank VRM Salaries by 20+ Employees (Updated 2025)

0 - 3 years exp.

₹2.5 Lakhs - ₹4 Lakhs

Salary of majority employees

5% less than the average VRM Salary in Banking Companies for 0 - 3 years of experience

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Salaries in different departments

Customer Success, Service & Operations VRM Salary 0 - 3 years exp. (7 salaries)	₹2.5 L/yr - ₹4 L/yr
Sales & Business Development VRM Salary 2 - 3 years exp. (5 salaries)	₹3.4 L/yr - ₹3.6 L/yr
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BFSI, Investments & Trading VRM Salary 0 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.4 L/yr

Last Updated: 1 Jan 2025

Companies similar to Kotak Mahindra Bank for VRM

Company name	Avg Annual Salary	Open Jobs
HDFC Bank VRM Salary 0 - 8 years exp. (51 salaries)	₹2 L/yr - ₹8.1 L/yr 22% more
Axis Bank VRM Salary 0 - 8 years exp. (25 salaries)	₹1.6 L/yr - ₹5.3 L/yr 4% more
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IndusInd Bank VRM Salary 1 - 5 years exp. (10 salaries)	₹2 L/yr - ₹5 L/yr 1% more
Yes Bank VRM Salary 0 - 3 years exp. (24 salaries)	₹1.7 L/yr - ₹3.1 L/yr 30% less
IDFC FIRST Bank VRM Salary 0 - 12 years exp. (11 salaries)	₹4.5 L/yr - ₹8.3 L/yr 86% more
RBL Bank VRM Salary 1 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 11% less

VRM salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank VRM salaries

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹3.2 L/yr - ₹3.5 L/yr
1 year (4 salaries)	₹2.5 L/yr - ₹4 L/yr
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2 years (4 salaries)	₹3 L/yr - ₹3.6 L/yr
3 years (12 salaries)	₹3 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

2.8

Rated by 3 employees for salary & benefits

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

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

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

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank VRM Salary FAQs

What is the salary of VRM at Kotak Mahindra Bank?

VRM salary at Kotak Mahindra Bank in India ranges between ₹2.5 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 5% less than the average VRM Salary in India. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a VRM at Kotak Mahindra Bank is 5% less than the average salary of a VRM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a VRM in India?

IDFC FIRST Bank VRM Salary - ₹4.5 Lakhs to ₹8.3 Lakhs per year
HDFC Bank VRM Salary - ₹2.0 Lakhs to ₹8.1 Lakhs per year
Axis Bank VRM Salary - ₹1.6 Lakhs to ₹5.3 Lakhs per year
IndusInd Bank VRM Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year

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

RBL Bank VRM Salary - ₹2.3 Lakhs to ₹3.5 Lakhs per year
Yes Bank VRM Salary - ₹1.7 Lakhs to ₹3.1 Lakhs per year

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

The estimated take-home salary of a VRM at Kotak Mahindra Bank ranges between ₹24,267 per month to ₹25,716 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank VRM salary in India which ranges between ₹2.5 Lakhs to ₹4.0 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 VRM at Kotak Mahindra Bank?

According to AmbitionBox, 62% of the Kotak Mahindra Bank VRMs reported a notice period of 1 Month, 24% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank VRM Salaries

Kotak Mahindra Bank VRM salary in India ranges between ₹2.5 Lakhs to ₹4 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.