IDFC FIRST Bank Indore Cluster Manager Salaries by 10+ Employees (Updated 2025)

8 - 14 years exp.

₹9.5 Lakhs - ₹19.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% more than the average Cluster Manager Salary in Banking Companies for 8 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 8 - 13 years exp. (7 salaries)	₹9.5 L/yr - ₹14 L/yr
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Sales & Business Development Cluster Manager Salary 8 - 14 years exp. (4 salaries)	₹12.4 L/yr - ₹19.2 L/yr

Last Updated: 5 Jan 2025

Companies similar to IDFC FIRST Bank for Cluster Manager in Indore

IDFC FIRST Bank Cluster Manager Salary

8 - 14 years exp. (11 salaries)

₹9.5 L/yr - ₹19.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Cluster Manager Salary 5 - 15 years exp. (11 salaries)	₹6.4 L/yr - ₹10 L/yr 42% less	1 job opening
IndusInd Bank Cluster Manager Salary 12 - 15 years exp. (5 salaries)	₹6.4 L/yr - ₹8.5 L/yr 46% less
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HDFC Bank Cluster Manager Salary 11 - 16 years exp. (3 salaries)	₹9 L/yr - ₹13.9 L/yr 17% less
Kotak Mahindra Bank Cluster Manager Salary 9 - 11 years exp. (3 salaries)	₹8 L/yr - ₹9.9 L/yr 39% less
Stanza Living Cluster Manager Salary 6 - 12 years exp. (14 salaries)	₹5.8 L/yr - ₹15 L/yr 26% less	4 job openings

Cluster Manager salary at IDFC FIRST Bank ranges between ₹9.5 Lakhs to ₹19.2 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 11 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Cluster Manager salaries in Indore

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr
9 years (3 salaries)	₹9.5 L/yr - ₹17.6 L/yr
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10 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
11 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
12 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
13 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.8 L/yr
14 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.5 L/yr

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From

Cluster Manager

8 - 16 years exp.

Regional Head

11 - 22 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IDFC FIRST Bank

Deputy Manager Salary

(53 salaries)

₹3 L/yr - ₹7.5 L/yr

Branch Manager Salary

(51 salaries)

₹5.61 L/yr - ₹21.5 L/yr

Territory Manager Salary

(37 salaries)

₹3.85 L/yr - ₹10.3 L/yr

Cluster Head Salary

(9 salaries)

₹9.4 L/yr - ₹20.3 L/yr

Area Sales Manager Salary

(5 salaries)

₹11 L/yr - ₹18 L/yr

Top skills at IDFC FIRST Bank for Cluster Manager

Compliance Banking Recruitment Penetration Loans Monitoring Audit Compliance Portfolio Management External Audit Microfinance Customer Service Management rural banking Branch Banking Retail Banking

Salary related reviews for IDFC FIRST Bank

4.2

Rated by 2 employees for salary & benefits

Territory Sales Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 30 Sep 2024

4.0

for Salary and Benefits

Likes

Salary and incentives are higher than what other banks offer.

Salary - Good

Dislikes

Work culture needs improvement, you are expected to work even during holidays or when you've taken an off, unchecked power is there, State heads can relentlessly target their TSMs and public humiliation is considered normal.

Work satisfaction - Poor

+2 more

Territory Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 27 Jan 2025

5.0

for Salary and Benefits

Likes

Salary they provide is As per standards and even better in some cases.

Salary - Excellent

+1 more

Dislikes

In you are working in sales domain then it's almost impossible to meet target if you are in certain departments , so do your research before joining

Job security - Poor

+2 more

Branch Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Nov 2023

5.0

for Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

Salary - Excellent

+1 more

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

Skill development - Bad

+4 more

Sales Executive in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 13 Sep 2023

1.0

for Salary and Benefits

Likes

Nothing I just only like that they give you the off but in that off they cut the salary also what is the job is this??? So it means I don't like this job, they don't hire you permanently because of if you don't give the targeted thing they will don't give you the salary and they expect ki hum inko itna Business karke de ki jitna Inka bhai karke dede

Dislikes

I don't like to work in this company as employee and already working in this bank as I am very disappointed in this company by seniors saloni bhalla territory manager of sepl and pradeep saluja state head of sepl. I feel discrimination in this company by the seniors and the other staff I am also like them I wanted to fall so I can work at there but I really didn't felt about that.

Salary - Bad

+5 more

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+1 more

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Skill development - Bad

+4 more

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Discover interview dos and don'ts from real experiences

What people are saying about IDFC FIRST Bank

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at IDFC FIRST Bank in Indore?

The average salary of a Cluster Manager at IDFC FIRST Bank in Indore typically ranges from ₹9.5 Lakhs to ₹19.2 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of Cluster Manager in Indore at IDFC FIRST Bank earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹19.2 Lakhs per year. Cluster Manager Salaries at IDFC FIRST 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 10+ IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Cluster Manager at IDFC FIRST Bank in Indore?

The estimated take-home salary of a Cluster Manager at IDFC FIRST Bank in Indore typically ranges from ₹97,852 to ₹1,00,503 per month. This is based on the average salary range of ₹9.5 Lakhs to ₹19.2 Lakhs per year for employees with experience ranging from 8 years to 14 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 10+ salaries received from various employees of IDFC FIRST Bank. 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 IDFC FIRST Bank in Indore?

To be a Cluster Manager at IDFC FIRST Bank in Indore, the key skills required include:

- Compliance
- Banking
- Recruitment
- Penetration
- Loans

These skills are highly valued at IDFC FIRST Bank and are crucial for successful performance in a Software Engineering role.

What is the salary of a Cluster Manager in companies similar to IDFC FIRST Bank in Indore?

The salary of a Cluster Manager at companies similar to IDFC FIRST Bank in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹9.0 Lakhs to ₹13.9 Lakhs per year
Stanza Living	₹5.8 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank	₹8.0 Lakhs to ₹9.9 Lakhs per year
Ujjivan Small Finance Bank	₹6.4 Lakhs to ₹10.0 Lakhs per year
IndusInd Bank	₹6.4 Lakhs to ₹8.5 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 IDFC FIRST Bank in Indore?

The salary growth for a Cluster Manager at IDFC FIRST Bank in Indore depends on factors such as experience, performance, and promotions. On average, a Cluster Manager in Indore can expect the following growth trajectory at IDFC FIRST Bank:

Experience	Average Salary Range
8 years	₹10.5 Lakhs to ₹13.5 Lakhs per year
9 years	₹9.5 Lakhs to ₹17.6 Lakhs per year
10 years	₹11.6 Lakhs to ₹14.8 Lakhs per year
11 years	₹12.1 Lakhs to ₹15.5 Lakhs per year

and so on.

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IDFC FIRST Bank Cluster Manager Salaries in Indore

IDFC FIRST Bank Cluster Manager salary in Indore ranges between ₹9.5 Lakhs to ₹19.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.