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Federal Bank Cluster Manager salaries in India (Updated 2025)

Annual salary range
6 - 11 years exp.
₹0.8 Lakh - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
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)
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₹0.7 L/yr - ₹0.9 L/yr

Sales & Business Development
Cluster Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹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
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HDFC Bank Cluster Manager Salary

4 - 18 years exp. (30 salaries)

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₹6.8 L/yr - ₹20 L/yr

arrow icon 246% more
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ICICI Bank Cluster Manager Salary

8 - 15 years exp. (41 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 326% more
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Axis Bank Cluster Manager Salary

5 - 17 years exp. (77 salaries)

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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 205% more
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Kotak Mahindra Bank Cluster Manager Salary

4 - 16 years exp. (63 salaries)

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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 179% more
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IndusInd Bank Cluster Manager Salary

6 - 15 years exp. (24 salaries)

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₹5 L/yr - ₹12.7 L/yr

arrow icon 137% more
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Yes Bank Cluster Manager Salary

3 - 18 years exp. (23 salaries)

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₹4.8 L/yr - ₹16 L/yr

arrow icon 216% more
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IDFC FIRST Bank Cluster Manager Salary

8 - 16 years exp. (212 salaries)

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₹5.8 L/yr - ₹21 L/yr

arrow icon 288% more
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RBL Bank Cluster Manager Salary

10 - 14 years exp. (4 salaries)

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₹6 L/yr - ₹8 L/yr

arrow icon 114% more
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Bandhan Bank Cluster Manager Salary

5 - 11 years exp. (11 salaries)

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₹2.8 L/yr - ₹10 L/yr

arrow icon 52% more
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₹4.5 L/yr - ₹11.5 L/yr

arrow icon 133% more
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Jana Small Finance Bank Cluster Manager Salary

5 - 15 years exp. (16 salaries)

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₹5.9 L/yr - ₹14 L/yr

arrow icon 181% more
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Standard Chartered Cluster Manager Salary

2 - 10 years exp. (7 salaries)

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₹9 L/yr - ₹15.7 L/yr

arrow icon 361% more
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₹8.1 L/yr - ₹14 L/yr

arrow icon 202% more
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Karur Vysya Bank Cluster Manager Salary

8 - 10 years exp. (4 salaries)

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₹7.5 L/yr - ₹12 L/yr

arrow icon 176% more
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.

Latest annual salaries shared by Federal Bank Cluster Manager

3d ago
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11 years exp.
2mo ago
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8 years exp.
3mo ago
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6 years exp.
5mo ago
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10 years exp.

Experience wise Federal Bank Cluster Manager salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹0.7 L/yr - ₹0.9 L/yr
8 years (AmbitionBox Estimate)

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₹0.7 L/yr - ₹0.9 L/yr
10 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
11 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in Federal Bank

Store Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
Area Manager Salary
(3 salaries)
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₹6.2 L/yr - ₹10 L/yr
Deputy Manager Salary
(6 salaries)
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₹6.55 L/yr - ₹13.42 L/yr
Sales Manager Salary
(12 salaries)
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₹4.5 L/yr - ₹6.6 L/yr
Branch Manager Salary
(47 salaries)
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₹8.2 L/yr - ₹22 L/yr
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₹15 L/yr - ₹16 L/yr
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₹7 L/yr - ₹14 L/yr
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₹2 L/yr - ₹4.5 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.5 L/yr - ₹7 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr

Salary related reviews for Federal Bank

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

read more

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

read more
  • Salary - Poor
  • +6 more

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.

read more
  • 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.

read more

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

read more
  • Skill development - Poor
  • +1 more

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

read more
  • Skill development - Bad
  • +4 more

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

read more
  • Work-life balance - Poor
see more salary related reviews

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Federal Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Federal Bank ?
The average salary of a Cluster Manager at Federal Bank in India typically ranges from ₹0.8 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Cluster Manager at Federal Bank earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Cluster Manager Salaries at Federal 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 Federal Bank employees in India.
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 in India typically ranges from ₹24,711 to ₹26,154 per month. This is based on the average salary range of ₹0.8 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 6 years to 11 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 Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Federal Bank for Cluster Manager in India?
Standard Chartered ₹9.0 Lakhs to ₹15.7 Lakhs per year
ICICI Bank ₹6.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank ₹5.8 Lakhs to ₹21.0 Lakhs per year
HDFC Bank ₹6.8 Lakhs to ₹20.0 Lakhs per year
Yes Bank ₹4.8 Lakhs to ₹16.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Federal Bank, depending on the role and experience level.
What is the salary of a Cluster Manager in companies similar to Federal Bank in India?
The salary of a Cluster Manager at companies similar to Federal Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹4.7 Lakhs to ₹15.5 Lakhs per year
Utkarsh Small Finance Bank ₹8.1 Lakhs to ₹14.0 Lakhs per year
Jana Small Finance Bank ₹5.9 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindra Bank ₹3.9 Lakhs to ₹16.2 Lakhs per year
Karur Vysya Bank ₹7.5 Lakhs to ₹12.0 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 Federal Bank in India?
The salary growth for a Cluster Manager at Federal Bank depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Federal Bank:

Experience Average Salary Range
6 years ₹0.7 Lakhs to ₹0.9 Lakhs per year
8 years ₹0.7 Lakhs to ₹0.9 Lakhs per year
10 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
11 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
and so on.

Tell us how to improve this page.

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