Kotak Mahindra Bank Cluster Head Salaries by 50+ Employees (Updated 2025)

5 - 16 years exp.

₹4.3 Lakhs - ₹16.9 Lakhs

Salary of majority employees

29% less than the average Cluster Head Salary in Banking Companies for 5 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Head Salary 5 - 16 years exp. (24 salaries)	₹6.5 L/yr - ₹17.7 L/yr
BFSI, Investments & Trading Cluster Head Salary 5 - 16 years exp. (11 salaries)	₹4.9 L/yr - ₹13.6 L/yr
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Finance & Accounting Cluster Head Salary 6 - 16 years exp. (8 salaries)	₹6.1 L/yr - ₹15.2 L/yr
Marketing & Communication Cluster Head Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹13.2 L/yr

Last Updated: 22 Mar 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. (381 salaries)	₹8.5 L/yr - ₹32 L/yr 109% more
Jana Small Finance Bank Cluster Head Salary 5 - 15 years exp. (246 salaries)	₹3.8 L/yr - ₹15.7 L/yr 6% less	1 job opening
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IDFC FIRST Bank Cluster Head Salary 10 - 20 years exp. (215 salaries)	₹9.4 L/yr - ₹38.1 L/yr 132% more
Yes Bank Cluster Head Salary 13 - 24 years exp. (211 salaries)	₹10.9 L/yr - ₹38.9 L/yr 154% more	1 job opening
Axis Bank Cluster Head Salary 12 - 22 years exp. (167 salaries)	₹9.4 L/yr - ₹36.3 L/yr 127% more
Bandhan Bank Cluster Head Salary 15 - 24 years exp. (103 salaries)	₹16 L/yr - ₹43 L/yr 219% more
IndusInd Bank Cluster Head Salary 9 - 20 years exp. (81 salaries)	₹4.9 L/yr - ₹21 L/yr 20% more
ICICI Bank Cluster Head Salary 3 - 19 years exp. (34 salaries)	₹6 L/yr - ₹25 L/yr 47% more
Ujjivan Small Finance Bank Cluster Head Salary 10 - 19 years exp. (34 salaries)	₹8.5 L/yr - ₹30 L/yr 78% more
RBL Bank Cluster Head Salary 10 - 25 years exp. (32 salaries)	₹10.1 L/yr - ₹42 L/yr 149% more
Utkarsh Small Finance Bank Cluster Head Salary 14 - 22 years exp. (9 salaries)	₹11 L/yr - ₹25 L/yr 104% more
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Paytm Payments Bank Cluster Head Salary 8 - 14 years exp. (6 salaries)	₹9 L/yr - ₹17 L/yr 31% more
South Indian Bank Cluster Head Salary 13 - 16 years exp. (5 salaries)	₹14 L/yr - ₹24 L/yr 116% more
Karur Vysya Bank Cluster Head Salary 13 - 16 years exp. (5 salaries)	₹17 L/yr - ₹18 L/yr 75% more

Cluster Head salary at Kotak Mahindra Bank ranges between ₹4.3 Lakhs to ₹16.9 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 51 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Head salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
5 years (4 salaries)	₹3.5 L/yr - ₹7.2 L/yr
6 years (5 salaries)	₹3 L/yr - ₹7.3 L/yr
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7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹14.1 L/yr
8 years (3 salaries)	₹5 L/yr - ₹15.2 L/yr
9 years (5 salaries)	₹3.8 L/yr - ₹16.3 L/yr
10 years (5 salaries)	₹5.5 L/yr - ₹16.5 L/yr
11 years (6 salaries)	₹4.5 L/yr - ₹18.5 L/yr
12 years (6 salaries)	₹4.5 L/yr - ₹19.5 L/yr
13 years (4 salaries)	₹5.8 L/yr - ₹20 L/yr
14 years (5 salaries)	₹7.1 L/yr - ₹20 L/yr
15+ years (6 salaries)	₹6.8 L/yr - ₹18.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Cluster Manager Salary

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₹3.95 L/yr - ₹16.24 L/yr

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Sales Officer Salary

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₹1.15 L/yr - ₹4.3 L/yr

Sales Manager Salary

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₹2.17 L/yr - ₹11.5 L/yr

Sales Executive Salary

(800 salaries)

₹1 L/yr - ₹5 L/yr

Area Manager Salary

(95 salaries)

₹7 L/yr - ₹26.6 L/yr

Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Business Manager Salary

(34 salaries)

₹7.25 L/yr - ₹15.4 L/yr

Branch Manager Salary

(1k salaries)

₹7 L/yr - ₹26 L/yr

Territory Manager Salary

(54 salaries)

₹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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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Cluster Head Salary FAQs

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

The average salary of a Cluster Head at Kotak Mahindra Bank in India typically ranges from ₹4.3 Lakhs to ₹16.9 Lakhs per year, depending on experience (from 5 years to 16 years).

The top 10% of Cluster Head at Kotak Mahindra Bank earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Cluster Head 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 50+ Kotak Mahindra Bank employees in India.

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 in India typically ranges from ₹72,050 to ₹73,908 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹16.9 Lakhs per year for employees with experience ranging from 5 years to 16 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 50+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Bandhan Bank	₹16.0 Lakhs to ₹43.0 Lakhs per year
Yes Bank	₹10.9 Lakhs to ₹38.9 Lakhs per year
RBL Bank	₹10.1 Lakhs to ₹42.0 Lakhs per year
IDFC FIRST Bank	₹9.4 Lakhs to ₹38.1 Lakhs per year
Axis Bank	₹9.4 Lakhs to ₹36.3 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.

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

The salary of a Cluster Head at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

South Indian Bank	₹14.0 Lakhs to ₹24.0 Lakhs per year
HDFC Bank	₹8.5 Lakhs to ₹32.0 Lakhs per year
Utkarsh Small Finance Bank	₹11.0 Lakhs to ₹25.0 Lakhs per year
Ujjivan Small Finance Bank	₹8.5 Lakhs to ₹30.0 Lakhs per year
Karur Vysya Bank	₹17.0 Lakhs to ₹18.0 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 Head at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹3.5 Lakhs to ₹7.2 Lakhs per year
6 years	₹3.0 Lakhs to ₹7.3 Lakhs per year
7 years	₹4.9 Lakhs to ₹14.1 Lakhs per year
8 years	₹5.0 Lakhs to ₹15.2 Lakhs per year

and so on.

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Kotak Mahindra Bank Cluster Head Salaries

Kotak Mahindra Bank Cluster Head salary in India ranges between ₹4.3 Lakhs to ₹16.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 51 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.