Kotak Mahindra Bank Cluster Collection Manager Salaries by 4 Employees

5 - 9 years exp.

₹4.2 Lakhs - ₹4.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

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
Ujjivan Small Finance Bank Cluster Collection Manager Salary 7 - 16 years exp. (77 salaries)	₹4 L/yr - ₹11 L/yr 77% more
HDFC Bank Cluster Collection Manager Salary 6 - 16 years exp. (7 salaries)	₹6.1 L/yr - ₹9 L/yr 65% 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
ICICI Bank Cluster Collection Manager Salary 7 - 10 years exp. (3 salaries)	₹7.3 L/yr - ₹10 L/yr 104% 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)	₹4 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 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

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

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

Salary - Good

+1 more

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

Job security - Bad

+2 more

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.

Salary - Good

+1 more

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.

Skill development - Bad

+3 more

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.

Salary - Poor

+4 more

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

Salary - Bad

+6 more

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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Cluster Collection Manager Salary FAQs

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

The average salary of a Cluster Collection Manager at Kotak Mahindra Bank in India typically ranges from ₹4.2 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Cluster Collection Manager at Kotak Mahindra Bank earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. Cluster Collection Manager Salaries at Kotak Mahindra 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 4 Kotak Mahindra Bank employees in India.

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 in India typically ranges from ₹32,625 to ₹33,900 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from 5 years to 9 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 4 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Collection Manager at Kotak Mahindra Bank ?

To be a Cluster Collection Manager at Kotak Mahindra Bank in india, the key skills required include:

- Collection Management
- Recovery

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

Which companies offer higher salaries than Kotak Mahindra Bank for Cluster Collection Manager in India?

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

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

How the salary growth look like for a Cluster Collection Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹4.0 Lakhs to ₹5.2 Lakhs per year
6 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
7 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
8 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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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

Senior Relationship Manager in Ranchi

Deputy Vice President in Indore

Branch Relationship Manager in Kolkata

Deputy Branch Manager in Ahmedabad

Cluster Head in Shivamogga

Kotak Mahindra Bank Cluster Collection Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Cluster Collection Manager Salaries by Location