Kotak Mahindra Bank Cluster Head Salaries by 30+ Employees (Updated 2025)

5 - 12 years exp.

₹3.5 Lakhs - ₹12.1 Lakhs

Salary of majority employees

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39% less than the average Cluster Head Salary in Banking Companies for 5 - 12 years of experience

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Salaries in different departments

Sales & Business Development Cluster Head Salary 5 - 12 years exp. (18 salaries)	Unlock ₹3.5 L/yr - ₹11.1 L/yr
BFSI, Investments & Trading Cluster Head Salary 5 - 11 years exp. (5 salaries)	Unlock ₹3.8 L/yr - ₹15.6 L/yr
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Finance & Accounting Cluster Head Salary 6 - 11 years exp. (4 salaries)	Unlock ₹6.8 L/yr - ₹15.2 L/yr
Marketing & Communication Cluster Head Salary 8 - 11 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹11 L/yr

Last Updated: 22 Feb 2025

Companies similar to Kotak Mahindra Bank for Cluster Head

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Cluster Head Salary 9 - 21 years exp. (386 salaries)	Unlock ₹8.5 L/yr - ₹32 L/yr 142% more
ICICI Bank Cluster Head Salary 3 - 19 years exp. (34 salaries)	Unlock ₹6 L/yr - ₹25 L/yr 71% more
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Axis Bank Cluster Head Salary 12 - 22 years exp. (164 salaries)	Unlock ₹9.9 L/yr - ₹35.7 L/yr 161% more
Yes Bank Cluster Head Salary 13 - 24 years exp. (212 salaries)	Unlock ₹11.1 L/yr - ₹38.9 L/yr 194% more	1 job opening
IndusInd Bank Cluster Head Salary 9 - 20 years exp. (78 salaries)	Unlock ₹4.9 L/yr - ₹21 L/yr 40% more
IDFC FIRST Bank Cluster Head Salary 10 - 20 years exp. (217 salaries)	Unlock ₹9.7 L/yr - ₹38.1 L/yr 168% more
RBL Bank Cluster Head Salary 13 - 25 years exp. (33 salaries)	Unlock ₹10 L/yr - ₹40.8 L/yr 170% more
Jana Small Finance Bank Cluster Head Salary 6 - 15 years exp. (238 salaries)	Unlock ₹4.6 L/yr - ₹15 L/yr 9% more	2 job openings
Bandhan Bank Cluster Head Salary 15 - 24 years exp. (96 salaries)	Unlock ₹16 L/yr - ₹43 L/yr 278% more
Ujjivan Small Finance Bank Cluster Head Salary 10 - 19 years exp. (34 salaries)	Unlock ₹8.5 L/yr - ₹30 L/yr 105% more
Utkarsh Small Finance Bank Cluster Head Salary 14 - 22 years exp. (9 salaries)	Unlock ₹11 L/yr - ₹25 L/yr 136% more
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Paytm Payments Bank Cluster Head Salary 8 - 14 years exp. (6 salaries)	Unlock ₹9 L/yr - ₹17 L/yr 51% more
South Indian Bank Cluster Head Salary 13 - 16 years exp. (5 salaries)	Unlock ₹14 L/yr - ₹24 L/yr 150% more
Karur Vysya Bank Cluster Head Salary 13 - 16 years exp. (5 salaries)	Unlock ₹17 L/yr - ₹18 L/yr 103% more

Cluster Head salary at Kotak Mahindra Bank ranges between ₹3.5 Lakhs to ₹12.1 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 35 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Cluster Head

2d ago

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12 years exp.

1mo ago

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12 years exp.

4mo ago

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11 years exp.

6mo ago

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11 years exp.

6mo ago

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10 years exp.

6mo ago

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11 years exp.

7mo ago

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6 years exp.

10mo ago

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9 years exp.

10mo ago

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10 years exp.

10mo ago

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5 years exp.

Experience wise Kotak Mahindra Bank Cluster Head salaries

Last Updated: 22 Feb 2025

Experience	Avg Annual Salary
5 years (4 salaries)	Unlock ₹3.5 L/yr - ₹7.2 L/yr
6 years (5 salaries)	Unlock ₹3 L/yr - ₹7.3 L/yr
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7 years (3 salaries)	Unlock ₹3.4 L/yr - ₹13.6 L/yr
8 years (3 salaries)	Unlock ₹5 L/yr - ₹14.9 L/yr
9 years (5 salaries)	Unlock ₹3.8 L/yr - ₹16.2 L/yr
10 years (5 salaries)	Unlock ₹5.5 L/yr - ₹16.5 L/yr
11 years (6 salaries)	Unlock ₹4.5 L/yr - ₹18.8 L/yr
12 years (4 salaries)	Unlock ₹4.5 L/yr - ₹19.5 L/yr

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₹5.6 L/yr - ₹15.5 L/yr

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 18 employees for salary & benefits

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

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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Kotak Mahindra Bank Cluster Head Salary FAQs

What is the salary of Cluster Head at Kotak Mahindra Bank?

Cluster Head salary at Kotak Mahindra Bank in India ranges between ₹3.5 Lakhs to ₹12.1 Lakhs for experience between 5 years to 12 years. According to our estimates it is 39% less than the average Cluster Head Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Cluster Head at Kotak Mahindra Bank is 39% less than the average salary of a Cluster Head in India. To know exact salary insights, login to view.

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

Bandhan Bank Cluster Head Salary - ₹16.0 Lakhs to ₹43.0 Lakhs per year
Yes Bank Cluster Head Salary - ₹11.1 Lakhs to ₹38.9 Lakhs per year
RBL Bank Cluster Head Salary - ₹10.0 Lakhs to ₹40.8 Lakhs per year
IDFC FIRST Bank Cluster Head Salary - ₹9.7 Lakhs to ₹38.1 Lakhs per year
Axis Bank Cluster Head Salary - ₹9.9 Lakhs to ₹35.7 Lakhs per year

What is the salary of a Cluster Head in companies similar to Kotak Mahindra Bank in India?

South Indian Bank Cluster Head Salary - ₹14.0 Lakhs to ₹24.0 Lakhs per year
HDFC Bank Cluster Head Salary - ₹8.5 Lakhs to ₹32.0 Lakhs per year
Utkarsh Small Finance Bank Cluster Head Salary - ₹11.0 Lakhs to ₹25.0 Lakhs per year
Ujjivan Small Finance Bank Cluster Head Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
Karur Vysya Bank Cluster Head Salary - ₹17.0 Lakhs to ₹18.0 Lakhs per year

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

The estimated take-home salary of a Cluster Head at Kotak Mahindra Bank ranges between ₹63,145 per month to ₹64,750 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Cluster Head salary in India which ranges between ₹3.5 Lakhs to ₹12.1 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Cluster Head at Kotak Mahindra Bank?

According to AmbitionBox, 88% of the Kotak Mahindra Bank Cluster Heads reported a notice period of 3 Months, 8% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 49 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Cluster Head Salaries

Kotak Mahindra Bank Cluster Head salary in India ranges between ₹3.5 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.