Kotak Mahindra Bank Mumbai VRM Salaries by 8 Employees (Updated 2025)

0 - 3 years exp.

₹3.1 Lakhs - ₹3.5 Lakhs

Salary of majority employees

7% 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 2 - 3 years exp. (3 salaries)	₹3.2 L/yr - ₹3.5 L/yr
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Sales & Business Development VRM Salary 3 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹3.5 L/yr

Last Updated: 1 Jan 2025

Companies similar to Kotak Mahindra Bank for VRM in Mumbai

Kotak Mahindra Bank VRM Salary

0 - 3 years exp. (8 salaries)

₹3.1 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Yes Bank VRM Salary 0 - 2 years exp. (8 salaries)	₹2 L/yr - ₹3.1 L/yr 26% less
IDFC FIRST Bank VRM Salary 0 - 12 years exp. (8 salaries)	₹4.7 L/yr - ₹7.3 L/yr 88% more
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HDFC Bank VRM Salary 4 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹5.8 L/yr 18% more
Axis Bank VRM Salary 3 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 2% more
IndusInd Bank VRM Salary 3 - 5 years exp. (3 salaries)	₹3.2 L/yr - ₹5 L/yr 1% more

VRM salary at Kotak Mahindra Bank ranges between ₹3.1 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank VRM salaries in Mumbai

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹5.9 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6 L/yr
3 years (6 salaries)	₹3.1 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 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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Kotak Mahindra Bank VRM Salary FAQs

What is the salary of VRM at Kotak Mahindra Bank in Mumbai?

The average salary of a VRM at Kotak Mahindra Bank in Mumbai typically ranges from ₹3.1 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of VRM in Mumbai at Kotak Mahindra Bank earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. VRM 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 8 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a VRM at Kotak Mahindra Bank in Mumbai typically ranges from ₹24,085 to ₹25,537 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹3.5 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 8 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 VRM in India?

IDFC FIRST Bank	₹4.7 Lakhs to ₹7.3 Lakhs per year
HDFC Bank	₹3.2 Lakhs to ₹5.8 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank	₹3.2 Lakhs to ₹5.0 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 VRM in companies similar to Kotak Mahindra Bank in Mumbai?

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

Yes Bank

₹2.0 Lakhs to ₹3.1 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 VRM at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.2 Lakhs to ₹5.9 Lakhs per year
1 year	₹3.0 Lakhs to ₹3.8 Lakhs per year
2 years	₹3.2 Lakhs to ₹6.0 Lakhs per year
3 years	₹3.1 Lakhs to ₹3.5 Lakhs per year

and so on.

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Kotak Mahindra Bank VRM Salaries in Mumbai

Kotak Mahindra Bank VRM salary in Mumbai ranges between ₹3.1 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.