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Nabard Financial Services Cluster Manager salaries in India (Updated 2025)

Annual salary range
10 - 19 years exp.
₹5.8 Lakhs - ₹6.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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32% less than the average Cluster Manager Salary in NBFC Companies for 10 - 19 years of experience

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Salaries in different departments

Finance & Accounting
Cluster Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹6.2 L/yr

Sales & Business Development
Cluster Manager Salary
18 - 19 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹6.4 L/yr

Last Updated: 24 Jan 2025

Companies similar to Nabard Financial Services for Cluster Manager

Company name Avg Annual Salary Open Jobs
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Muthoot Finance Cluster Manager Salary

8 - 20 years exp. (143 salaries)

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₹4 L/yr - ₹9.8 L/yr

arrow icon 12% more
4 job openings
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Mahindra Finance Cluster Manager Salary

8 - 19 years exp. (34 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 65% more
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Kotak Mahindra Prime Cluster Manager Salary

7 - 17 years exp. (19 salaries)

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₹6.5 L/yr - ₹11.5 L/yr

arrow icon 58% more
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IIFL Finance Cluster Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 3% less
1 job opening
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₹6.5 L/yr - ₹10.5 L/yr

arrow icon 34% more
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 1% more
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Vedika Credit Capital Cluster Manager Salary

6 - 13 years exp. (7 salaries)

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₹4 L/yr - ₹5.1 L/yr

arrow icon 24% less
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Poonawalla Fincorp Cluster Manager Salary

9 - 16 years exp. (7 salaries)

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₹12 L/yr - ₹21.5 L/yr

arrow icon 145% more
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₹3.4 L/yr - ₹11 L/yr

arrow icon 11% more
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Ess Kay Fincorp Cluster Manager Salary

8 - 13 years exp. (6 salaries)

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₹6.2 L/yr - ₹10.4 L/yr

arrow icon 26% more
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Capri Global Capital Cluster Manager Salary

14 - 17 years exp. (5 salaries)

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₹11 L/yr - ₹17.5 L/yr

arrow icon 139% more
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PNB Housing Finance Cluster Manager Salary

8 - 15 years exp. (5 salaries)

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₹5 L/yr - ₹17.3 L/yr

arrow icon 88% more
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Aavas Financiers Cluster Manager Salary

11 - 15 years exp. (5 salaries)

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₹7.7 L/yr - ₹15.5 L/yr

arrow icon 78% more
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Ugro Capital Cluster Manager Salary

9 - 15 years exp. (5 salaries)

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₹6.7 L/yr - ₹12.8 L/yr

arrow icon 57% more
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Capital Trust Cluster Manager Salary

6 - 13 years exp. (4 salaries)

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₹5.2 L/yr - ₹9 L/yr

arrow icon 2% more
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IKF Finance Cluster Manager Salary

13 - 15 years exp. (4 salaries)

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₹9 L/yr - ₹11.4 L/yr

arrow icon 70% more
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₹7.3 L/yr - ₹17.7 L/yr

arrow icon 101% more
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Sundaram Finance Cluster Manager Salary

9 - 18 years exp. (4 salaries)

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₹6 L/yr - ₹13.7 L/yr

arrow icon 23% more
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₹5 L/yr - ₹10.4 L/yr

arrow icon 26% more
Cluster Manager salary at Nabard Financial Services ranges between ₹5.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 10 years to 19 years. Salary estimates are based on 6 latest salaries received from various employees of Nabard Financial Services.

Latest annual salaries shared by Nabard Financial Services Cluster Manager

3d ago
₹5.8 Lakhs
19 years exp.
5mo ago
₹5.8 Lakhs
18 years exp.
1y ago
₹6 Lakhs
10 years exp.
1y ago
₹6 Lakhs
10 years exp.
1y ago
₹6 Lakhs
11 years exp.

Experience wise Nabard Financial Services Cluster Manager salaries

Last Updated: 24 Jan 2025

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.4 L/yr
11 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.4 L/yr
12 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹6.5 L/yr
13 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.2 L/yr
14 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.2 L/yr
View all

Similar Designation salaries in Nabard Financial Services

Cluster Head Salary
(17 salaries)
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₹5.75 L/yr - ₹8 L/yr
Area Manager Salary
(AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.3 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Branch Manager Salary
(21 salaries)
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₹3 L/yr - ₹7 L/yr
Sales Officer Salary
(3 salaries)
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₹2.4 L/yr - ₹2.5 L/yr
Sales Executive Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr
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₹3 L/yr - ₹8.5 L/yr
Senior Sales Executive Salary
(AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.3 L/yr

Salary related reviews for Nabard Financial Services

3.2

Rated by 4 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

3.0
  •  posted on 03 Nov 2023

5.0
 for  Salary and Benefits

Likes

Salary and other benefits are much better than other companies

  • Salary - Excellent
  • +2 more

Dislikes

* if there is any problem Discuss with the lower level employee or concern employee what the problem is,and take action. * It department and softwere need to improve * need to improve qr facility and online payment

read more
  • Job security - Bad
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 30 Nov 2019

4.0
 for  Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. Plus point is that my colleague come from various cultural backgrounds, and we work happily in collaboration.

read more
  • Salary - Good
  • +6 more

Dislikes

Compensation is decent but growth is slow.

Contractual

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 24 Nov 2023

4.0
 for  Salary and Benefits

Likes

Salary & Other Staff Benifits are best.

  • Salary - Good

Dislikes

Don't Work in Kolhapur Region, Maharashtra. Regional Manager & Cluster Manager every time force to staff for working in holiday. They are force for work late night. Other wise they are force for resignation. Very third class language using for staff. Humanity not available. HR Not Supported. In current year total 7 Branch Manager, 5 ABM & 9 to 10 Field Staff resigned.

read more
  • Skill development - Bad
  • +5 more

Finance & Accounting Department

5.0
  •  posted on 30 May 2022

5.0
 for  Salary and Benefits

Likes

Talk about job security, work culture. Management,

  • Salary - Excellent
  • +6 more

Dislikes

Three is a lot of politics and the management doesn't address our issues,. Salary is decent but career growth is slow. There is a bond of 2 years after which you cannot resign. On the job training is not given to new joinees.

read more

Sales & Operations Department

1.0
  •  posted on 18 Jun 2021

1.0
 for  Salary and Benefits

Likes

Pays more salary than non-registered and fraudulent MFIs

Dislikes

Pays one of the lowest salaries in the industry. No scope of growth for any position. No ownership of management towards growth of employees or organizations. Management is from NABARD and considers non NABARDIAN staffs as charity employment. Needs multiple changes in its structure and intent and then would become an unstoppable force.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Nabard Financial Services Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Nabard Financial Services ?
The average salary of a Cluster Manager at Nabard Financial Services in India typically ranges from ₹5.8 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 10 years to 19 years).

The top 10% of Cluster Manager at Nabard Financial Services earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Cluster Manager Salaries at Nabard Financial Services 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 6 Nabard Financial Services employees in India.
What is the estimated take home salary of a Cluster Manager at Nabard Financial Services in India?
The estimated take-home salary of a Cluster Manager at Nabard Financial Services in India typically ranges from ₹47,955 to ₹49,090 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 10 years to 19 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 6 salaries received from various employees of Nabard Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Nabard Financial Services for Cluster Manager in India?
Poonawalla Fincorp ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital ₹11.0 Lakhs to ₹17.5 Lakhs per year
Tata Capital Housing Finance ₹7.3 Lakhs to ₹17.7 Lakhs per year
PNB Housing Finance ₹5.0 Lakhs to ₹17.3 Lakhs per year
Aavas Financiers ₹7.7 Lakhs to ₹15.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Nabard Financial Services, depending on the role and experience level.
What is the salary of a Cluster Manager in companies similar to Nabard Financial Services in India?
The salary of a Cluster Manager at companies similar to Nabard Financial Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IKF Finance ₹9.0 Lakhs to ₹11.4 Lakhs per year
Mahindra Finance ₹6.5 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra Prime ₹6.5 Lakhs to ₹11.5 Lakhs per year
Ugro Capital ₹6.7 Lakhs to ₹12.8 Lakhs per year
Kogta Financial India Limited ₹6.5 Lakhs to ₹10.5 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 Manager at Nabard Financial Services in India?
The salary growth for a Cluster Manager at Nabard Financial Services depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Nabard Financial Services:

Experience Average Salary Range
10 years ₹6.0 Lakhs to ₹11.4 Lakhs per year
11 years ₹6.0 Lakhs to ₹11.4 Lakhs per year
12 years ₹2.5 Lakhs to ₹6.5 Lakhs per year
13 years ₹5.7 Lakhs to ₹7.2 Lakhs per year
and so on.

Tell us how to improve this page.

Nabard Financial Services Cluster Manager salary in India ranges between ₹5.8 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Nabard Financial Services latest salaries received from various employees of Nabard Financial Services.