Kotak Mahindra Bank Cluster Collection Manager Salaries by 4 Employees (Updated 2025)

5 - 9 years exp.

₹4.2 Lakhs - ₹4.7 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Cluster Collection Manager Salary in Banking Companies for 5 - 9 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Kotak Mahindra Bank for Cluster Collection Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Cluster Collection Manager Salary 6 - 16 years exp. (7 salaries)	₹6.1 L/yr - ₹9 L/yr 65% more
ICICI Bank Cluster Collection Manager Salary 7 - 10 years exp. (3 salaries)	₹7.3 L/yr - ₹10 L/yr 104% more
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IDFC FIRST Bank Cluster Collection Manager Salary 6 - 10 years exp. (7 salaries)	₹3 L/yr - ₹8 L/yr 46% more
RBL Bank Cluster Collection Manager Salary 5 - 13 years exp. (6 salaries)	₹6 L/yr - ₹8.9 L/yr 57% more
Ujjivan Small Finance Bank Cluster Collection Manager Salary 7 - 16 years exp. (76 salaries)	₹4 L/yr - ₹11 L/yr 75% more

Cluster Collection Manager salary at Kotak Mahindra Bank ranges between ₹4.2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Collection Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.9 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr

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Top skills at Kotak Mahindra Bank for Cluster Collection Manager

Collection Management Recovery

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 employees for salary & benefits

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Cluster Collection Manager Salary FAQs

What is the salary of Cluster Collection Manager at Kotak Mahindra Bank?

Cluster Collection Manager salary at Kotak Mahindra Bank in India ranges between ₹4.2 Lakhs to ₹4.7 Lakhs for experience between 5 years to 9 years. According to our estimates it is 53% less than the average Cluster Collection Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Cluster Collection Manager at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Cluster Collection Manager at Kotak Mahindra Bank is 53% less than the average salary of a Cluster Collection Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Collection Manager at Kotak Mahindra Bank?

Collection Management and Recovery are some of the popular skills required to work as a Cluster Collection Manager at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Cluster Collection Manager in India?

ICICI Bank Cluster Collection Manager Salary - ₹7.3 Lakhs to ₹10.0 Lakhs per year
Ujjivan Small Finance Bank Cluster Collection Manager Salary - ₹4.0 Lakhs to ₹11.0 Lakhs per year
HDFC Bank Cluster Collection Manager Salary - ₹6.1 Lakhs to ₹9.0 Lakhs per year
RBL Bank Cluster Collection Manager Salary - ₹6.0 Lakhs to ₹8.9 Lakhs per year
IDFC FIRST Bank Cluster Collection Manager Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Cluster Collection Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Cluster Collection Manager at Kotak Mahindra Bank ranges between ₹32,625 per month to ₹33,900 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Cluster Collection Manager salary in India which ranges between ₹4.2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

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Kotak Mahindra Bank Cluster Collection Manager Salaries by Location

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Kotak Mahindra Bank Cluster Collection Manager Salaries

Kotak Mahindra Bank Cluster Collection Manager salary in India ranges between ₹4.2 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Cluster Collection Manager salaries in India

Companies similar to Kotak Mahindra Bank for Cluster Collection Manager

Latest annual salaries shared by Kotak Mahindra Bank Cluster Collection Manager

Experience wise Kotak Mahindra Bank Cluster Collection Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Cluster Collection Manager

Salary related reviews for Kotak Mahindra Bank

Deputy Vice President in Indore

Branch Relationship Manager in Kolkata

Deputy Branch Manager in Ahmedabad

Cluster Head in Shivamogga

Service Officer in Mumbai

Kotak Mahindra Bank Cluster Collection Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Cluster Collection Manager Salaries by Location