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Kotak Mahindra Bank VRM salaries in Thane

Annual salary range
1 - 3 years exp.
₹3 Lakhs - ₹3.5 Lakhs
Salary of majority employees
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At par with the average VRM Salary in Banking Companies for 1 - 3 years of experience

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Last Updated: 14 Aug 2024

VRM salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank VRM in Thane

7mo ago
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2 years exp.
1y ago
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3 years exp.

Experience wise Kotak Mahindra Bank VRM salaries in Thane

Last Updated: 14 Aug 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹6.1 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindra Bank

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

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

read more
  • 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

read more
  • Job security - Bad
  • +2 more

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.

read more
  • 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.

read more
  • Skill development - Bad
  • +3 more

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.

read more
  • Salary - Poor
  • +4 more

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.

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

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Kotak Mahindra Bank VRM Salary FAQs

What is the salary of VRM at Kotak Mahindra Bank in Thane?
The average salary of a VRM at Kotak Mahindra Bank in Thane typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of VRM in Thane 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 4 Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a VRM at Kotak Mahindra Bank in Thane?
The estimated take-home salary of a VRM at Kotak Mahindra Bank in Thane typically ranges from ₹24,627 to ₹26,071 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year 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 4 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
How the salary growth look like for a VRM at Kotak Mahindra Bank in Thane?
The salary growth for a VRM at Kotak Mahindra Bank in Thane depends on factors such as experience, performance, and promotions. On average, a VRM in Thane can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
1 year ₹3.3 Lakhs to ₹6.1 Lakhs per year
2 years ₹3.0 Lakhs to ₹3.5 Lakhs per year
3 years ₹1.4 Lakhs to ₹3.5 Lakhs per year
and so on.

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Kotak Mahindra Bank VRM salary in Thane ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.