Kotak Mahindra Bank Bangalore / Bengaluru Cluster Manager Salaries by 2 Employees (Updated 2025)

12 - 13 years exp.

₹12 Lakhs - ₹15.3 Lakhs

Low Confidence

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Last Updated: 11 Mar 2023

Companies similar to Kotak Mahindra Bank for Cluster Manager in Bangalore / Bengaluru

Kotak Mahindra Bank Cluster Manager Salary

12 - 13 years exp. (AmbitionBox Estimate)

₹12 L/yr - ₹15.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Cluster Manager Salary 5 - 14 years exp. (12 salaries)	₹7.8 L/yr - ₹12.3 L/yr 27% less
IDFC FIRST Bank Cluster Manager Salary 9 - 15 years exp. (4 salaries)	₹8.2 L/yr - ₹20 L/yr 5% more	1 job opening
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Ujjivan Small Finance Bank Cluster Manager Salary 6 - 14 years exp. (18 salaries)	₹5.7 L/yr - ₹10 L/yr 40% less
Jana Small Finance Bank Cluster Manager Salary 5 - 12 years exp. (3 salaries)	₹7 L/yr - ₹12.4 L/yr 23% less
Reliance Retail Cluster Manager Salary 8 - 20 years exp. (40 salaries)	₹5.3 L/yr - ₹20 L/yr 8% less

Cluster Manager salary at Kotak Mahindra Bank ranges between ₹12 Lakhs to ₹15.3 Lakhs per year for employees with experience between 12 years to 13 years. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindra Bank.

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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

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

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.

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.

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.

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.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Cluster Manager Salary FAQs

What is the notice period for Cluster Manager at Kotak Mahindra Bank in Bangalore / Bengaluru?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Cluster Managers in Bangalore / Bengaluru reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Cluster Manager Salaries in Bangalore / Bengaluru

Kotak Mahindra Bank Cluster Manager salary in Bangalore / Bengaluru ranges between ₹12 Lakhs to ₹15.3 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Bank.