Kotak Mahindra Bank Indore Cluster Head Salaries by 4 Employees (Updated 2025)

12 - 14 years exp.

₹6.1 Lakhs - ₹13.3 Lakhs

Salary of majority employees

41% less than the average Cluster Head Salary in Banking Companies for 12 - 14 years of experience

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Salaries in different departments

Finance & Accounting Cluster Head Salary 12 - 14 years exp. (3 salaries)	₹6.1 L/yr - ₹12.6 L/yr
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BFSI, Investments & Trading Cluster Head Salary 12 years exp. (AmbitionBox Estimate)	₹10.6 L/yr - ₹19.5 L/yr

Last Updated: 26 Apr 2023

Companies similar to Kotak Mahindra Bank for Cluster Head in Indore

Kotak Mahindra Bank Cluster Head Salary

12 - 14 years exp. (4 salaries)

₹6.1 L/yr - ₹13.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Yes Bank Cluster Head Salary 14 - 19 years exp. (6 salaries)	₹17.3 L/yr - ₹28 L/yr 168% more
IndusInd Bank Cluster Head Salary 10 - 15 years exp. (8 salaries)	₹5.8 L/yr - ₹19 L/yr 20% more
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IDFC FIRST Bank Cluster Head Salary 10 - 19 years exp. (9 salaries)	₹9.4 L/yr - ₹28.8 L/yr 116% more
RBL Bank Cluster Head Salary 14 - 20 years exp. (3 salaries)	₹16 L/yr - ₹24.1 L/yr 135% more
Jana Small Finance Bank Cluster Head Salary 10 - 15 years exp. (10 salaries)	₹4.6 L/yr - ₹10.5 L/yr 6% less
Bandhan Bank Cluster Head Salary 18 - 22 years exp. (4 salaries)	₹30.8 L/yr - ₹39 L/yr 242% more

Cluster Head salary at Kotak Mahindra Bank ranges between ₹6.1 Lakhs to ₹13.3 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Head salaries in Indore

Last Updated: 26 Apr 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹19.5 L/yr
13 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹21.3 L/yr
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14 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹22.6 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(30 salaries)

₹8.75 L/yr - ₹20 L/yr

Sales Manager Salary

(29 salaries)

₹1.8 L/yr - ₹9.5 L/yr

Cluster Manager Salary

(3 salaries)

₹8 L/yr - ₹12.35 L/yr

Salary related reviews for Kotak Mahindra Bank

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Cluster Head Salary FAQs

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

Cluster Head salary at Kotak Mahindra Bank in Indore ranges between ₹6.1 Lakhs to ₹13.3 Lakhs for experience between 12 years to 14 years. According to our estimates it is 41% less than the average Cluster Head Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank Indore.

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

The average salary of a Cluster Head at Kotak Mahindra Bank is 41% less than the average salary of a Cluster Head in Indore. To know exact salary insights, login to view.

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

Bandhan Bank Cluster Head Salary - ₹30.8 Lakhs to ₹39.0 Lakhs per year
Yes Bank Cluster Head Salary - ₹17.3 Lakhs to ₹28.0 Lakhs per year
RBL Bank Cluster Head Salary - ₹16.0 Lakhs to ₹24.1 Lakhs per year
IDFC FIRST Bank Cluster Head Salary - ₹9.4 Lakhs to ₹28.8 Lakhs per year
IndusInd Bank Cluster Head Salary - ₹5.8 Lakhs to ₹19.0 Lakhs per year

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

Jana Small Finance Bank Cluster Head Salary - ₹4.6 Lakhs to ₹10.5 Lakhs per year

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

The estimated take-home salary of a Cluster Head at Kotak Mahindra Bank ranges between ₹70,289 per month to ₹72,097 per month in Indore. The take-home salary calculation is based on the average Kotak Mahindra Bank Cluster Head salary in India which ranges between ₹6.1 Lakhs to ₹13.3 Lakhs per year for employees with experience between 12 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Cluster Heads in Indore reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Cluster Head Salaries in Indore

Kotak Mahindra Bank Cluster Head salary in Indore ranges between ₹6.1 Lakhs to ₹13.3 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.