Federal Bank Cluster Manager Salaries by 4 Employees (Updated 2025)

6 - 11 years exp.

₹0.8 Lakh - ₹6 Lakhs

Low Confidence

Salary of majority employees

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63% less than the average Cluster Manager Salary in Banking Companies for 6 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹0.7 L/yr - ₹0.9 L/yr
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Sales & Business Development Cluster Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 8 Mar 2025

Companies similar to Federal Bank for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Cluster Manager Salary 5 - 17 years exp. (25 salaries)	Unlock ₹5 L/yr - ₹16 L/yr 216% more
ICICI Bank Cluster Manager Salary 8 - 15 years exp. (41 salaries)	Unlock ₹6 L/yr - ₹25 L/yr 324% more
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Axis Bank Cluster Manager Salary 5 - 17 years exp. (78 salaries)	Unlock ₹4.7 L/yr - ₹15.5 L/yr 209% more
Kotak Mahindra Bank Cluster Manager Salary 4 - 16 years exp. (63 salaries)	Unlock ₹3.9 L/yr - ₹16.2 L/yr 179% more
IndusInd Bank Cluster Manager Salary 6 - 15 years exp. (24 salaries)	Unlock ₹5 L/yr - ₹12.7 L/yr 137% more
Yes Bank Cluster Manager Salary 3 - 18 years exp. (23 salaries)	Unlock ₹4.8 L/yr - ₹16 L/yr 216% more
IDFC FIRST Bank Cluster Manager Salary 8 - 16 years exp. (236 salaries)	Unlock ₹6.6 L/yr - ₹23 L/yr 291% more
RBL Bank Cluster Manager Salary 10 - 14 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹8 L/yr 114% more
Bandhan Bank Cluster Manager Salary 5 - 11 years exp. (11 salaries)	Unlock ₹2.8 L/yr - ₹10 L/yr 52% more
Ujjivan Small Finance Bank Cluster Manager Salary 5 - 15 years exp. (353 salaries)	Unlock ₹4.5 L/yr - ₹11.5 L/yr 131% more
Jana Small Finance Bank Cluster Manager Salary 5 - 15 years exp. (16 salaries)	Unlock ₹5.9 L/yr - ₹14 L/yr 181% more
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Standard Chartered Cluster Manager Salary 2 - 10 years exp. (7 salaries)	Unlock ₹9 L/yr - ₹15.7 L/yr 361% more
Utkarsh Small Finance Bank Cluster Manager Salary 5 - 13 years exp. (4 salaries)	Unlock ₹8.1 L/yr - ₹14 L/yr 202% more
Karur Vysya Bank Cluster Manager Salary 8 - 10 years exp. (4 salaries)	Unlock ₹7.5 L/yr - ₹12 L/yr 176% more

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Cluster Manager salary at Federal Bank ranges between ₹0.8 Lakh to ₹6 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Cluster Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹0.7 L/yr - ₹0.9 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹0.7 L/yr - ₹0.9 L/yr
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10 years (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.9 L/yr

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Salary related reviews for Federal Bank

Sales Manager in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 25 Dec 2024

2.0

for Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

Salary - Poor

+6 more

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 May 2022

4.0

for Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

Salary - Good

+3 more

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 24 Nov 2024

5.0

for Salary and Benefits

Likes

Pay scale is good, less Pressure,

Salary - Excellent

+3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

Skill development - Poor

+1 more

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Skill development - Bad

+4 more

Assistant Manager Operations in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 14 May 2024

5.0

for Salary and Benefits

Likes

Salary and other compensation reimbursement and job security

Salary - Excellent

+2 more

Dislikes

Work life balance is worst.. if sales is not your thing you wont get any credit for other operational work done by you. Banking is all about selling insurance products

Work-life balance - Poor

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Federal Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Federal Bank?

Cluster Manager salary at Federal Bank in India ranges between ₹0.8 Lakhs to ₹6.0 Lakhs for experience between 6 years to 11 years. According to our estimates it is 63% less than the average Cluster Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank India.

How does the salary of a Cluster Manager at Federal Bank India compare with the average salary range for this job?

The average salary of a Cluster Manager at Federal Bank is 63% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Federal Bank to a Cluster Manager in India?

Standard Chartered Cluster Manager Salary - ₹9.0 Lakhs to ₹15.7 Lakhs per year
ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank Cluster Manager Salary - ₹6.6 Lakhs to ₹23.0 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
Yes Bank Cluster Manager Salary - ₹4.8 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Federal Bank in India?

Axis Bank Cluster Manager Salary - ₹4.7 Lakhs to ₹15.5 Lakhs per year
Utkarsh Small Finance Bank Cluster Manager Salary - ₹8.1 Lakhs to ₹14.0 Lakhs per year
Jana Small Finance Bank Cluster Manager Salary - ₹5.9 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindra Bank Cluster Manager Salary - ₹3.9 Lakhs to ₹16.2 Lakhs per year
Karur Vysya Bank Cluster Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year

What is the estimated take home salary of a Cluster Manager at Federal Bank in India?

The estimated take-home salary of a Cluster Manager at Federal Bank ranges between ₹24,711 per month to ₹26,154 per month in India. The take-home salary calculation is based on the average Federal Bank Cluster Manager salary in India which ranges between ₹0.8 Lakhs to ₹6.0 Lakhs per year for employees with experience between 6 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Federal Bank?

According to AmbitionBox, 50% of the Federal Bank Cluster Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Federal Bank Cluster Manager Salaries

Federal Bank Cluster Manager salary in India ranges between ₹0.8 Lakh to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Federal Bank latest salaries received from various employees of Federal Bank.