SMFG India Credit Cluster Manager Salaries by 50+ Employees (Updated 2025)

8 - 16 years exp.

₹5 Lakhs - ₹18.9 Lakhs

Salary of majority employees

29% more than the average Cluster Manager Salary in NBFC Companies for 8 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 9 - 16 years exp. (15 salaries)	₹5.4 L/yr - ₹19.3 L/yr
Sales & Business Development Cluster Manager Salary 8 - 15 years exp. (14 salaries)	₹5.6 L/yr - ₹18 L/yr
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Finance & Accounting Cluster Manager Salary 8 - 16 years exp. (7 salaries)	₹5 L/yr - ₹18.6 L/yr
Risk Management & Compliance Cluster Manager Salary 9 - 11 years exp. (4 salaries)	₹8.9 L/yr - ₹12.3 L/yr

Last Updated: 27 Feb 2025

Companies similar to SMFG India Credit for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Cluster Manager Salary 5 - 14 years exp. (281 salaries)	₹8 L/yr - ₹27.8 L/yr 55% more
HDFC Bank Cluster Manager Salary 5 - 16 years exp. (24 salaries)	₹5 L/yr - ₹20 L/yr 5% less
Login to view exact salary
ICICI Bank Cluster Manager Salary 8 - 15 years exp. (41 salaries)	₹6 L/yr - ₹24 L/yr 20% more
Axis Bank Cluster Manager Salary 5 - 17 years exp. (78 salaries)	₹4.7 L/yr - ₹15.5 L/yr 12% less
Kotak Mahindra Bank Cluster Manager Salary 4 - 16 years exp. (63 salaries)	₹3.9 L/yr - ₹16.2 L/yr 19% less
Yes Bank Cluster Manager Salary 3 - 18 years exp. (23 salaries)	₹4.8 L/yr - ₹16 L/yr 10% less
IDFC FIRST Bank Cluster Manager Salary 8 - 16 years exp. (211 salaries)	₹5.8 L/yr - ₹21 L/yr 15% more
IndusInd Bank Cluster Manager Salary 6 - 15 years exp. (24 salaries)	₹5 L/yr - ₹12.7 L/yr 32% less
RBL Bank Cluster Manager Salary 10 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 39% less
Tata Capital Cluster Manager Salary 6 - 16 years exp. (22 salaries)	₹6.5 L/yr - ₹15.5 L/yr 3% more	2 job openings
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (260 salaries)	₹7.9 L/yr - ₹29.5 L/yr 65% more	26 job openings
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HDB Financial Services Cluster Manager Salary 12 - 23 years exp. (233 salaries)	₹9.5 L/yr - ₹26 L/yr 50% more	3 job openings
Aditya Birla Capital Cluster Manager Salary 0 - 12 years exp. (156 salaries)	₹5 L/yr - ₹14 L/yr 28% less
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (144 salaries)	₹4 L/yr - ₹9.8 L/yr 41% less	1 job opening
Spandana Sphoorty Financial Cluster Manager Salary 0 - 10 years exp. (77 salaries)	₹3.2 L/yr - ₹7.2 L/yr 55% less
Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (58 salaries)	₹5.3 L/yr - ₹8.4 L/yr 43% less
Mahindra Finance Cluster Manager Salary 8 - 16 years exp. (31 salaries)	₹6.5 L/yr - ₹16 L/yr 18% less
Home Credit Finance Cluster Manager Salary 6 - 15 years exp. (19 salaries)	₹4.1 L/yr - ₹9 L/yr 48% less	1 job opening
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 49% less
Annapurna Finance Cluster Manager Salary 4 - 13 years exp. (14 salaries)	₹5 L/yr - ₹10 L/yr 35% less

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Cluster Manager salary at SMFG India Credit ranges between ₹5 Lakhs to ₹18.9 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 55 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Cluster Manager salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
8 years (5 salaries)	₹7.1 L/yr - ₹13 L/yr
9 years (4 salaries)	₹5.6 L/yr - ₹17.8 L/yr
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10 years (9 salaries)	₹5.5 L/yr - ₹12.9 L/yr
11 years (9 salaries)	₹5 L/yr - ₹13 L/yr
12 years (9 salaries)	₹5 L/yr - ₹19.3 L/yr
13 years (3 salaries)	₹6.8 L/yr - ₹22.6 L/yr
14 years (6 salaries)	₹9.1 L/yr - ₹17.5 L/yr
15+ years (10 salaries)	₹9.1 L/yr - ₹22.9 L/yr

View all

Similar Designation salaries in SMFG India Credit

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(AmbitionBox Estimate)

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₹8 L/yr - ₹14 L/yr

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₹7.5 L/yr - ₹16.93 L/yr

Deputy Manager Salary

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Territory Manager Salary

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Area Sales Manager Salary

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Relationship Manager Salary

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Top skills at SMFG India Credit for Cluster Manager

Rural Marketing Rural Finance Collections Sales Personal Loans Microfinance Collection Management Recovery Delinquency Management

Salary related reviews for SMFG India Credit

4.2

Rated by 19 employees for salary & benefits

Cluster Manager in Jaipur

BFSI, Investments & Trading Department

4.0

• posted on 03 Apr 2021

4.0

for Salary and Benefits

Likes

Good work environment. Seniors are supportive. HR policies also good. Salaries and bonus are good compare to other NBFC.

Salary - Good

+3 more

Dislikes

Work life balance is not applicable here. 30 days are working and a lot off target pressure. Dont have any training and help how to achieve assigned targets.

Skill development - Poor

+1 more

Sales Manager in Kadapa

Full Time

Sales & Business Development Department

5.0

• posted on 22 Mar 2024

5.0

for Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

Salary - Excellent

+6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Sales Manager in Chhindwara

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2023

3.0

for Salary and Benefits

Likes

There are many products here from which we get a lot of knowledge

Skill development - Excellent

+5 more

Dislikes

The salary that should have been received according to the work was not known! When the full salary was not received even after completing the achievement goal.

Sales Manager in Jorhat

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

...'s worst to selling product due to high interest rate and poor customer service. Other hand, Employees are getting good salary and other benefits.

Salary - Excellent

+4 more

Dislikes

Poor customer service &high interest rate

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SMFG India Credit Cluster Manager Salary FAQs

What is the salary of Cluster Manager at SMFG India Credit?

Cluster Manager salary at SMFG India Credit in India ranges between ₹5.0 Lakhs to ₹18.9 Lakhs for experience between 8 years to 16 years. According to our estimates it is 29% more than the average Cluster Manager Salary in India. Salary estimates are based on 55 latest salaries received from various employees of SMFG India Credit India.

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

The average salary of a Cluster Manager at SMFG India Credit is 29% more than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at SMFG India Credit?

Rural Marketing, Rural Finance, Collections, Sales and Personal Loans are some of the popular skills required to work as a Cluster Manager at SMFG India Credit India.

Which similar companies are paying more than SMFG India Credit to a Cluster Manager in India?

Bajaj Finance Cluster Manager Salary - ₹7.9 Lakhs to ₹29.5 Lakhs per year
Bajaj Finserv Cluster Manager Salary - ₹8.0 Lakhs to ₹27.8 Lakhs per year
HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
Edelweiss Cluster Manager Salary - ₹16.0 Lakhs to ₹17.1 Lakhs per year
ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹24.0 Lakhs per year

What is the salary of a Cluster Manager in companies similar to SMFG India Credit in India?

IDFC FIRST Bank Cluster Manager Salary - ₹5.8 Lakhs to ₹21.0 Lakhs per year
Tata Capital Cluster Manager Salary - ₹6.5 Lakhs to ₹15.5 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
Reliance Capital Cluster Manager Salary - ₹9.0 Lakhs to ₹13.4 Lakhs per year
Yes Bank Cluster Manager Salary - ₹4.8 Lakhs to ₹16.0 Lakhs per year

What is the estimated take home salary of a Cluster Manager at SMFG India Credit in India?

The estimated take-home salary of a Cluster Manager at SMFG India Credit ranges between ₹84,650 per month to ₹86,864 per month in India. The take-home salary calculation is based on the average SMFG India Credit Cluster Manager salary in India which ranges between ₹5.0 Lakhs to ₹18.9 Lakhs per year for employees with experience between 8 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at SMFG India Credit?

According to AmbitionBox, 73% of the SMFG India Credit Cluster Managers reported a notice period of 3 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 37 responses on AmbitionBox in last 2 years.

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SMFG India Credit Cluster Manager Salaries

SMFG India Credit Cluster Manager salary in India ranges between ₹5 Lakhs to ₹18.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 55 SMFG India Credit latest salaries received from various employees of SMFG India Credit.