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Kotak Mahindra Bank Cluster Manager salaries in India (Updated 2025)

Annual salary range
8 - 13 years exp.
₹4.5 Lakhs - ₹14.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Cluster Manager Salary at Kotak Mahindra Bank ranges between ₹4.5 Lakhs to ₹14.5 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 38 latest salaries received... Read more

At par with the average Cluster Manager Salary in Banking Companies for 8 - 13 years of experience

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Last Updated: 11 Jun 2025

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2 - 10 years exp. (7 salaries)

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1 job opening

Latest annual salaries shared by Kotak Mahindra Bank Cluster Manager

2w ago
₹14.3 Lakhs
11 years exp.
4w ago
₹14 Lakhs
11 years exp.
1mo ago
₹14.5 Lakhs
13 years exp.
1mo ago
₹9 Lakhs
8 years exp.
1mo ago
₹5.3 Lakhs
10 years exp.
2mo ago
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13 years exp.
3mo ago
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10 years exp.
4mo ago
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12 years exp.
4mo ago
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11 years exp.
5mo ago
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9 years exp.

Kotak Mahindra Bank Cluster Manager salaries by

Years of experience Avg. annual salary
8 years  (3 salaries)

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₹5 L/yr - ₹9 L/yr
9 years  (12 salaries)

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₹4.7 L/yr - ₹14 L/yr
10 years  (11 salaries)

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₹4.5 L/yr - ₹11 L/yr
11 years  (5 salaries)

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₹6.5 L/yr - ₹14.3 L/yr
12 years (AmbitionBox Estimate)

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₹9.6 L/yr - ₹12.3 L/yr
View all salaries by experience

Similar Designation Salaries at Kotak Mahindra Bank

Similar Designation Avg. annual salary
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(AmbitionBox Estimate)
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₹1.7 L/yr - ₹8.5 L/yr

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₹7.3 L/yr - ₹15.4 L/yr

Sales Manager Salary
(808 salaries)
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₹2.2 L/yr - ₹11 L/yr

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₹7 L/yr - ₹27 L/yr

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₹5.6 L/yr - ₹15.5 L/yr

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₹5.4 L/yr - ₹23 L/yr

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₹1.5 L/yr - ₹10 L/yr

View more similar designations

Top trending discussions

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2w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!
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Salary related reviews for Kotak Mahindra Bank

3.3

Rated by 16 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

3.0
  •  updated on 15 Apr 2025

2.0
 for  Salary and Benefits

Likes

Work friendly with team members.

  • Skill development - Good

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.

read more
  • Salary - Poor

Full Time

 · 

Other Department

1.0
  •  updated on 15 Nov 2024

1.0
 for  Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

read more

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  updated on 11 Jun 2024

2.0
 for  Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  updated on 18 May 2024

3.0
 for  Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

read more
  • Skill development - Good
  • +1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

read more
  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  updated on 10 Mar 2024

2.0
 for  Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

  • Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

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

Kotak Mahindra Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Kotak Mahindra Bank ?
The average salary of a Cluster Manager at Kotak Mahindra Bank in India typically ranges from ₹4.5 Lakhs to ₹14.5 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Cluster Manager at Kotak Mahindra Bank earn more than ₹14.2 Lakhs per year, and the top 1% earn over ₹20.5 Lakhs per year. Cluster Manager 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 Cluster Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Cluster Manager at Kotak Mahindra Bank in India typically ranges from ₹69,378 to ₹71,160 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹14.5 Lakhs per year for employees with experience ranging from 8 years to 13 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.
What is the salary of a Cluster Manager in companies similar to Kotak Mahindra Bank in India?
The salary of a Cluster Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

AU Small Finance Bank ₹0.0 Lakhs to ₹0.0 Lakhs per year
ICICI Bank ₹0.0 Lakhs to ₹0.0 Lakhs per year
IDFC FIRST Bank ₹0.0 Lakhs to ₹0.0 Lakhs per year
Standard Chartered ₹0.0 Lakhs to ₹0.0 Lakhs per year
Axis Bank ₹0.0 Lakhs to ₹0.0 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 Cluster Manager at Kotak Mahindra Bank in India?
The salary growth for a Cluster Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
8 years ₹5.0 Lakhs to ₹9.0 Lakhs per year
9 years ₹4.7 Lakhs to ₹14.0 Lakhs per year
10 years ₹4.5 Lakhs to ₹11.0 Lakhs per year
11 years ₹6.5 Lakhs to ₹14.3 Lakhs per year
and so on.

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Kotak Mahindra Bank Cluster Manager salary in India ranges between ₹4.5 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 38 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.