Kotak Mahindra Bank Cluster Manager Salaries by 60+ Employees (Updated 2025)

4 - 16 years exp.

₹3.9 Lakhs - ₹16.2 Lakhs

Salary of majority employees

5% more than the average Cluster Manager Salary in Banking Companies for 4 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 6 - 15 years exp. (18 salaries)	₹4.5 L/yr - ₹14.5 L/yr
BFSI, Investments & Trading Cluster Manager Salary 4 - 16 years exp. (16 salaries)	₹6.9 L/yr - ₹14.6 L/yr
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Finance & Accounting Cluster Manager Salary 7 - 10 years exp. (10 salaries)	₹3.8 L/yr - ₹9.9 L/yr
Marketing & Communication Cluster Manager Salary 10 - 16 years exp. (6 salaries)	₹6.5 L/yr - ₹17 L/yr
Product Management Cluster Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹15 L/yr

Last Updated: 2 Mar 2025

Companies similar to Kotak Mahindra Bank for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Cluster Manager Salary 5 - 16 years exp. (24 salaries)	₹5 L/yr - ₹20 L/yr 17% more
ICICI Bank Cluster Manager Salary 8 - 15 years exp. (41 salaries)	₹6 L/yr - ₹25 L/yr 49% more
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Axis Bank Cluster Manager Salary 5 - 17 years exp. (78 salaries)	₹4.7 L/yr - ₹15.5 L/yr 9% more
Yes Bank Cluster Manager Salary 3 - 18 years exp. (23 salaries)	₹4.8 L/yr - ₹16 L/yr 11% more
IndusInd Bank Cluster Manager Salary 6 - 15 years exp. (24 salaries)	₹5 L/yr - ₹12.7 L/yr 16% less
IDFC FIRST Bank Cluster Manager Salary 8 - 16 years exp. (231 salaries)	₹5.8 L/yr - ₹23 L/yr 37% more
RBL Bank Cluster Manager Salary 10 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 25% less
Federal Bank Cluster Manager Salary 6 - 10 years exp. (3 salaries)	₹0.8 L/yr - ₹6 L/yr 74% less
Bandhan Bank Cluster Manager Salary 5 - 11 years exp. (11 salaries)	₹2.8 L/yr - ₹10 L/yr 46% less
DBS Bank Cluster Manager Salary 11 - 20 years exp. (3 salaries)	₹10 L/yr - ₹29 L/yr 90% more
Ujjivan Small Finance Bank Cluster Manager Salary 5 - 14 years exp. (348 salaries)	₹4.5 L/yr - ₹11.5 L/yr 20% less
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Jana Small Finance Bank Cluster Manager Salary 5 - 15 years exp. (16 salaries)	₹5.9 L/yr - ₹14 L/yr 1% less
Paytm Payments Bank Cluster Manager Salary 9 - 15 years exp. (13 salaries)	₹10.5 L/yr - ₹18 L/yr 29% more
Utkarsh Small Finance Bank Cluster Manager Salary 9 - 13 years exp. (4 salaries)	₹8.1 L/yr - ₹35 L/yr 74% more
Karur Vysya Bank Cluster Manager Salary 8 - 10 years exp. (4 salaries)	₹7.5 L/yr - ₹12 L/yr 3% less

Cluster Manager salary at Kotak Mahindra Bank ranges between ₹3.9 Lakhs to ₹16.2 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 63 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Manager salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10.4 L/yr
5 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹11.6 L/yr
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6 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹7.1 L/yr
7 years (3 salaries)	₹3.8 L/yr - ₹13.9 L/yr
8 years (3 salaries)	₹5 L/yr - ₹15.1 L/yr
9 years (12 salaries)	₹4.7 L/yr - ₹14 L/yr
10 years (11 salaries)	₹4.5 L/yr - ₹11 L/yr
11 years (5 salaries)	₹6.5 L/yr - ₹14 L/yr
12 years (4 salaries)	₹7 L/yr - ₹15 L/yr
13 years (7 salaries)	₹9 L/yr - ₹20.7 L/yr
14 years (8 salaries)	₹6 L/yr - ₹21.5 L/yr
15+ years (5 salaries)	₹8 L/yr - ₹17 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

3.5

Rated by 15 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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Cluster Manager Salary FAQs

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

Cluster Manager salary at Kotak Mahindra Bank in India ranges between ₹3.9 Lakhs to ₹16.2 Lakhs for experience between 4 years to 16 years. According to our estimates it is 5% more than the average Cluster Manager Salary in India. Salary estimates are based on 63 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Cluster Manager at Kotak Mahindra Bank is 5% more than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

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

DBS Bank Cluster Manager Salary - ₹10.0 Lakhs to ₹29.0 Lakhs per year
Utkarsh Small Finance Bank Cluster Manager Salary - ₹8.1 Lakhs to ₹35.0 Lakhs per year
ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank Cluster Manager Salary - ₹5.8 Lakhs to ₹23.0 Lakhs per year
Paytm Payments Bank Cluster Manager Salary - ₹10.5 Lakhs to ₹18.0 Lakhs per year

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

HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
Yes Bank Cluster Manager Salary - ₹4.8 Lakhs to ₹16.0 Lakhs per year
Axis Bank Cluster Manager Salary - ₹4.7 Lakhs to ₹15.5 Lakhs per year
Jana Small Finance Bank Cluster Manager Salary - ₹5.9 Lakhs to ₹14.0 Lakhs per year
Karur Vysya Bank Cluster Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Kotak Mahindra Bank ranges between ₹69,891 per month to ₹71,687 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Cluster Manager salary in India which ranges between ₹3.9 Lakhs to ₹16.2 Lakhs per year for employees with experience between 4 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 91% of the Kotak Mahindra Bank Cluster Managers reported a notice period of 3 Months, 9% reported a notice period of 1 Month.This is based on 43 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Cluster Manager Salaries

Kotak Mahindra Bank Cluster Manager salary in India ranges between ₹3.9 Lakhs to ₹16.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 63 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.