IndusInd Bank Cluster Credit Manager Salaries by 5 Employees (Updated 2024)

5 - 10 years exp.

₹11 Lakhs - ₹15.5 Lakhs

Low Confidence

Salary of majority employees

38% more than the average Cluster Credit Manager Salary in Banking Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Credit Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹11.4 L/yr - ₹15.5 L/yr
Finance & Accounting Cluster Credit Manager Salary 8 years exp. (AmbitionBox Estimate)	₹13.9 L/yr - ₹15.5 L/yr
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Risk Management & Compliance Cluster Credit Manager Salary 7 years exp. (AmbitionBox Estimate)	₹13.2 L/yr - ₹13.6 L/yr

Last Updated: 10 Aug 2023

Companies similar to IndusInd Bank for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Cluster Credit Manager Salary 1 - 7 years exp. (5 salaries)	₹3.6 L/yr - ₹9.8 L/yr 52% less
Axis Bank Cluster Credit Manager Salary 4 - 15 years exp. (4 salaries)	₹2.3 L/yr - ₹12 L/yr 48% less
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Kotak Mahindra Bank Cluster Credit Manager Salary 2 - 13 years exp. (4 salaries)	₹7 L/yr - ₹13.5 L/yr 24% less
RBL Bank Cluster Credit Manager Salary 5 - 16 years exp. (17 salaries)	₹5.6 L/yr - ₹12 L/yr 33% less
IDFC FIRST Bank Cluster Credit Manager Salary 6 - 13 years exp. (97 salaries)	₹6.5 L/yr - ₹20 L/yr 5% less
Bandhan Bank Cluster Credit Manager Salary 4 - 7 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 48% less
DCB Bank Cluster Credit Manager Salary 7 - 15 years exp. (6 salaries)	₹10.1 L/yr - ₹14 L/yr 7% less
AU Small Finance Bank Cluster Credit Manager Salary 5 - 14 years exp. (166 salaries)	₹6.7 L/yr - ₹23 L/yr 16% more
Ujjivan Small Finance Bank Cluster Credit Manager Salary 6 - 14 years exp. (135 salaries)	₹4.4 L/yr - ₹12.9 L/yr 33% less
Equitas Small Finance Bank Cluster Credit Manager Salary 6 - 15 years exp. (35 salaries)	₹4 L/yr - ₹14 L/yr 34% less
Jana Small Finance Bank Cluster Credit Manager Salary 7 - 9 years exp. (3 salaries)	₹5.4 L/yr - ₹10.1 L/yr 38% less
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Cluster Credit Manager salary at IndusInd Bank ranges between ₹11 Lakhs to ₹15.5 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Cluster Credit Manager salaries

Last Updated: 10 Aug 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹11 L/yr - ₹24.4 L/yr
6 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
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7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹13.6 L/yr
8 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹15.5 L/yr
9 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
10 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹15.5 L/yr

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Similar Designation salaries in IndusInd Bank

Area Credit Manager Salary

(148 salaries)

₹5.44 L/yr - ₹18 L/yr

Deputy Credit Manager Salary

(7 salaries)

₹5 L/yr - ₹6.2 L/yr

Branch Credit Manager Salary

(175 salaries)

₹2.6 L/yr - ₹10 L/yr

Zonal Credit Manager Salary

(27 salaries)

₹16 L/yr - ₹41 L/yr

Assistant Credit Manager Salary

(6 salaries)

₹3.25 L/yr - ₹4 L/yr

Regional Credit Manager Salary

(58 salaries)

₹14 L/yr - ₹26.5 L/yr

Credit Manager Salary

(213 salaries)

₹3.22 L/yr - ₹13.53 L/yr

Senior Credit Officer Salary

(6 salaries)

₹3 L/yr - ₹3.75 L/yr

Relationship Manager Salary

(1.5k salaries)

₹3 L/yr - ₹12 L/yr

Chief Manager Salary

(1.5k salaries)

₹6 L/yr - ₹18 L/yr

Salary related reviews for IndusInd Bank

Sales Manager in Surat

Full Time

Sales & Business Development Department

1.0

• posted on 24 Sep 2024

2.0

for Salary and Benefits

Likes

- Salary package good as per market standard.

Dislikes

- Worst Management. - No appreciation for work and achieving targets - Say no every time when trying to apply for leave even if leaves are available and you are informing 2 weeks earlier.

Branch Manager in Kochi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...nonuse at all...you have to recruit staff...suddenly all policies will change...they ensure u don't get bonus or rating if u do not complete amfi or irda...all these r communicated at last minute...no support n extended targets too which u can never achieve..

Chief Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

Nothing to like about IndusInd bank other then there attractive compensation offering. That is how they will bring you in system and then that money will not help you to survive. Eventually you will choose peace over money.

Dislikes

1) Work Pressure 2) No inputs from organization. 3) You will be left on your own without any leads from bank's side. 4) Video call culture.

Deputy Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

The Salary is good and nothing else.

Dislikes

The work culture is very bad, especially the reporting managers are just toxic people. They demoralise you rather than influence and inspire. The bank is fond of one thing and that is money. I was in ARD and trust me when I say that they treat you like some commodity which can be used and used only. And you can be assured that at the end end of the day whether your mental health is good or bad they don't care and they won't be bothered by your sad situation. Moreover they do nothing, so that your mental health can improve. You are put under extreme demands and unimaginable pressure both mentally and physically for every day. My opinion is don't join there as the internal workings of the bank is just next to a slum.

Relationship Manager in Ashok Nagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Aug 2023

2.0

for Salary and Benefits

Likes

IndusInd Bank is very good organisation in terms of doing business but they are not giving salary hike/appraisal for are employees those who are working since last five years.

Dislikes

Aa an employee I would like to get more salary as I have experience more than 12 years

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IndusInd Bank Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at IndusInd Bank?

Cluster Credit Manager salary at IndusInd Bank in India ranges between ₹11.0 Lakhs to ₹15.5 Lakhs for experience between 5 years to 10 years. According to our estimates it is 38% more than the average Cluster Credit Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of IndusInd Bank India.

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

The average salary of a Cluster Credit Manager at IndusInd Bank is 38% more than the average salary of a Cluster Credit Manager in India. To know exact salary insights, login to view.

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

AU Small Finance Bank Cluster Credit Manager Salary - ₹6.7 Lakhs to ₹23.0 Lakhs per year

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

IDFC FIRST Bank Cluster Credit Manager Salary - ₹6.5 Lakhs to ₹20.0 Lakhs per year
DCB Bank Cluster Credit Manager Salary - ₹10.1 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindra Bank Cluster Credit Manager Salary - ₹7.0 Lakhs to ₹13.5 Lakhs per year
Ujjivan Small Finance Bank Cluster Credit Manager Salary - ₹4.4 Lakhs to ₹12.9 Lakhs per year
RBL Bank Cluster Credit Manager Salary - ₹5.6 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Cluster Credit Manager at IndusInd Bank ranges between ₹95,777 per month to ₹98,362 per month in India. The take-home salary calculation is based on the average IndusInd Bank Cluster Credit Manager salary in India which ranges between ₹11.0 Lakhs to ₹15.5 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Cluster Credit Manager at IndusInd Bank?

According to AmbitionBox, 83% of the IndusInd Bank Cluster Credit Managers reported a notice period of 3 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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IndusInd Bank Cluster Credit Manager Salaries

IndusInd Bank Cluster Credit Manager salary in India ranges between ₹11 Lakhs to ₹15.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IndusInd Bank latest salaries received from various employees of IndusInd Bank.