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SMFG India Credit Cluster Manager salaries in India (Updated 2025)

Annual salary range
7 - 19 years exp.
₹5 Lakhs - ₹17.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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26% more than the average Cluster Manager Salary in NBFC Companies for 7 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
7 - 17 years exp. (20 salaries)
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₹5 L/yr - ₹16.1 L/yr

Sales & Business Development
Cluster Manager Salary
8 - 19 years exp. (20 salaries)
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₹6.3 L/yr - ₹24 L/yr

Finance & Accounting
Cluster Manager Salary
7 - 17 years exp. (9 salaries)
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₹5 L/yr - ₹19.7 L/yr

Risk Management & Compliance
Cluster Manager Salary
9 - 19 years exp. (5 salaries)
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₹8.9 L/yr - ₹12.3 L/yr

Product Management
Cluster Manager Salary
8 - 16 years exp. (AmbitionBox Estimate)
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₹7 L/yr - ₹12.2 L/yr

Last Updated: 30 Mar 2025

Companies similar to SMFG India Credit for Cluster Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Cluster Manager Salary

5 - 17 years exp. (298 salaries)

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₹8.1 L/yr - ₹29.5 L/yr

arrow icon 66% more
82 job openings
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HDB Financial Services Cluster Manager Salary

12 - 23 years exp. (233 salaries)

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₹9.5 L/yr - ₹26 L/yr

arrow icon 53% more
8 job openings
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Muthoot Finance Cluster Manager Salary

8 - 20 years exp. (142 salaries)

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₹4.1 L/yr - ₹11 L/yr

arrow icon 40% less
4 job openings
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₹3.2 L/yr - ₹7.2 L/yr

arrow icon 54% less
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₹5.3 L/yr - ₹8.4 L/yr

arrow icon 42% less
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Mahindra Finance Cluster Manager Salary

8 - 19 years exp. (34 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 11% less
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Home Credit Finance Cluster Manager Salary

6 - 16 years exp. (20 salaries)

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₹4.1 L/yr - ₹9 L/yr

arrow icon 45% less
1 job opening
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IIFL Finance Cluster Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 48% less
1 job opening
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Annapurna Finance Cluster Manager Salary

4 - 13 years exp. (16 salaries)

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₹5 L/yr - ₹10 L/yr

arrow icon 33% less
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SK Finance Limited Cluster Manager Salary

9 - 15 years exp. (13 salaries)

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₹5.8 L/yr - ₹15 L/yr

arrow icon 10% less
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IIFL SAMASTA Cluster Manager Salary

5 - 12 years exp. (12 salaries)

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₹3.9 L/yr - ₹10 L/yr

arrow icon 38% less
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Aye Finance Cluster Manager Salary

3 - 17 years exp. (11 salaries)

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₹6.2 L/yr - ₹9 L/yr

arrow icon 34% less
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Muthoot Fincorp Cluster Manager Salary

10 - 14 years exp. (10 salaries)

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₹5.2 L/yr - ₹10.5 L/yr

arrow icon 43% less
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 45% less
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Asirvad Microfinance Cluster Manager Salary

12 - 17 years exp. (6 salaries)

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₹7 L/yr - ₹10 L/yr

arrow icon 21% less
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₹3.4 L/yr - ₹11 L/yr

arrow icon 40% less
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CreditAccess Grameen Cluster Manager Salary

7 - 17 years exp. (6 salaries)

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₹2.2 L/yr - ₹4.3 L/yr

arrow icon 71% less
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Manappuram Finance Cluster Manager Salary

14 - 16 years exp. (4 salaries)

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₹6.6 L/yr - ₹9.5 L/yr

arrow icon 30% less
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₹5.2 L/yr - ₹10.2 L/yr

arrow icon 40% less
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Veritas Finance Cluster Manager Salary

3 - 20 years exp. (4 salaries)

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₹4.7 L/yr - ₹9.2 L/yr

arrow icon 35% less
View all
Cluster Manager salary at SMFG India Credit ranges between ₹5 Lakhs to ₹17.9 Lakhs per year for employees with experience between 7 years to 19 years. Salary estimates are based on 77 latest salaries received from various employees of SMFG India Credit.

Latest annual salaries shared by SMFG India Credit Cluster Manager

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8 years exp.
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7 years exp.
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9 years exp.
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11 years exp.
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10 years exp.
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16 years exp.
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19 years exp.
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12 years exp.
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16 years exp.
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19 years exp.

Experience wise SMFG India Credit Cluster Manager salaries

Last Updated: 30 Mar 2025

Experience Avg Annual Salary
7 years  (4 salaries)

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₹5 L/yr - ₹10.7 L/yr
8 years  (8 salaries)

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₹6 L/yr - ₹13 L/yr
9 years  (3 salaries)

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₹5.6 L/yr - ₹18 L/yr
10 years  (10 salaries)

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₹5.5 L/yr - ₹12.9 L/yr
11 years  (10 salaries)

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₹5 L/yr - ₹13 L/yr
View all

Similar Designation salaries in SMFG India Credit

Store Manager Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
Cluster Head Salary
(7 salaries)
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₹8 L/yr - ₹14 L/yr
Area Manager Salary
(10 salaries)
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₹9.1 L/yr - ₹16.93 L/yr
Deputy Manager Salary
(6 salaries)
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₹3.85 L/yr - ₹7.43 L/yr
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₹6.03 L/yr - ₹26.24 L/yr
Sales Manager Salary
(221 salaries)
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₹1.8 L/yr - ₹9.44 L/yr
Branch Manager Salary
(177 salaries)
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₹4 L/yr - ₹15 L/yr
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₹3.6 L/yr - ₹11.98 L/yr
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₹7.05 L/yr - ₹22 L/yr
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₹2.4 L/yr - ₹6.25 L/yr

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

4.4

Rated by 20 employees for salary & benefits

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +1 more

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

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

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.

read more

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.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Poor customer service &high interest rate

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

see more salary related reviews

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SMFG India Credit Cluster Manager Salary FAQs

What is the salary of Cluster Manager at SMFG India Credit ?
The average salary of a Cluster Manager at SMFG India Credit in India typically ranges from ₹5.0 Lakhs to ₹17.9 Lakhs per year, depending on experience (from 7 years to 19 years).

The top 10% of Cluster Manager at SMFG India Credit earn more than ₹17.9 Lakhs per year, and the top 1% earn over ₹23.7 Lakhs per year. Cluster Manager Salaries at SMFG India Credit 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 70+ SMFG India Credit employees in India.
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 in India typically ranges from ₹82,938 to ₹85,103 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹17.9 Lakhs per year for employees with experience ranging from 7 years to 19 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 70+ salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Cluster Manager at SMFG India Credit ?
To be a Cluster Manager at SMFG India Credit in india, the key skills required include:

  • - Rural Marketing
  • - Rural Finance
  • - Collections
  • - Sales
  • - Personal Loans

These skills are highly valued at SMFG India Credit and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SMFG India Credit for Cluster Manager in India?
Bajaj Finance ₹8.1 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services ₹9.5 Lakhs to ₹26.0 Lakhs per year

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

SK Finance Limited ₹5.8 Lakhs to ₹15.0 Lakhs per year
Mahindra Finance ₹6.5 Lakhs to ₹16.0 Lakhs per year
John Deere Financial ₹8.3 Lakhs to ₹11.5 Lakhs per year
Asirvad Microfinance ₹7.0 Lakhs to ₹10.0 Lakhs per year
Manappuram Finance ₹6.6 Lakhs to ₹9.5 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 SMFG India Credit in India?
The salary growth for a Cluster Manager at SMFG India Credit depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at SMFG India Credit:

Experience Average Salary Range
7 years ₹5.0 Lakhs to ₹10.7 Lakhs per year
8 years ₹6.0 Lakhs to ₹13.0 Lakhs per year
9 years ₹5.6 Lakhs to ₹18.0 Lakhs per year
10 years ₹5.5 Lakhs to ₹12.9 Lakhs per year
and so on.

Tell us how to improve this page.

SMFG India Credit Cluster Manager salary in India ranges between ₹5 Lakhs to ₹17.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 77 SMFG India Credit latest salaries received from various employees of SMFG India Credit.