Nabard Financial Services Cluster Manager Salaries by 6 Employees (Updated 2025)

10 - 19 years exp.

₹5.8 Lakhs - ₹6.5 Lakhs

Low Confidence

Salary of majority employees

31% 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)	₹6 L/yr - ₹6.2 L/yr
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Sales & Business Development Cluster Manager Salary 18 - 19 years exp. (AmbitionBox Estimate)	₹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
HDFC Bank Cluster Manager Salary 9 - 18 years exp. (23 salaries)	₹8.2 L/yr - ₹20 L/yr 94% more
ICICI Bank Cluster Manager Salary 8 - 14 years exp. (38 salaries)	₹6 L/yr - ₹25 L/yr 125% more
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Axis Bank Cluster Manager Salary 5 - 17 years exp. (74 salaries)	₹5 L/yr - ₹19.9 L/yr 79% more
Kotak Mahindra Bank Cluster Manager Salary 9 - 16 years exp. (51 salaries)	₹4.5 L/yr - ₹17 L/yr 73% more
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (252 salaries)	₹7.9 L/yr - ₹29.5 L/yr 208% more
Sammaan Capital Limited Cluster Manager Salary 8 - 12 years exp. (3 salaries)	₹5 L/yr - ₹10.4 L/yr 26% more
Tata Capital Cluster Manager Salary 6 - 14 years exp. (20 salaries)	₹7.5 L/yr - ₹15.5 L/yr 97% more	3 job openings
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (137 salaries)	₹4.1 L/yr - ₹12 L/yr 10% more	1 job opening
Mahindra Finance Cluster Manager Salary 8 - 16 years exp. (31 salaries)	₹6.5 L/yr - ₹16 L/yr 61% more
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (18 salaries)	₹6.5 L/yr - ₹11.5 L/yr 50% more
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 3% less
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Kogta Financial India Limited Cluster Manager Salary 8 - 20 years exp. (14 salaries)	₹6.5 L/yr - ₹10.5 L/yr 40% more
L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹8.1 L/yr 1% more
Capital Trust Cluster Manager Salary 5 - 14 years exp. (7 salaries)	₹5.2 L/yr - ₹9 L/yr 2% more
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	₹12 L/yr - ₹21.5 L/yr 145% more
Mahindra Rural Housing Finance Cluster Manager Salary 6 - 13 years exp. (6 salaries)	₹3.4 L/yr - ₹11 L/yr 11% more
Ess Kay Fincorp Cluster Manager Salary 8 - 13 years exp. (6 salaries)	₹6.2 L/yr - ₹10.4 L/yr 26% more
Aavas Financiers Cluster Manager Salary 7 - 15 years exp. (6 salaries)	₹7 L/yr - ₹13 L/yr 39% more
Ugro Capital Cluster Manager Salary 9 - 15 years exp. (5 salaries)	₹6.7 L/yr - ₹12.8 L/yr 57% more
Capri Global Capital Cluster Manager Salary 14 - 17 years exp. (5 salaries)	₹11 L/yr - ₹17.5 L/yr 139% more

View all

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.

Experience wise Nabard Financial Services Cluster Manager salaries

Last Updated: 24 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.4 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.4 L/yr
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12 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr
13 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
14 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
15+ years (AmbitionBox Estimate)	₹5.8 L/yr - ₹11.3 L/yr

View all

Similar Designation salaries in Nabard Financial Services

Cluster Head Salary

(17 salaries)

₹5.75 L/yr - ₹8 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Branch Manager Salary

(22 salaries)

₹3 L/yr - ₹7 L/yr

Sales Officer Salary

(3 salaries)

₹2.4 L/yr - ₹2.5 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Business Development Manager Salary

(4 salaries)

₹3 L/yr - ₹8.5 L/yr

Senior Sales Executive Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Salary related reviews for Nabard Financial Services

3.4

Rated by 4 employees for salary & benefits

Customer Service Officer in Vaikom

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

Job security - Bad

+1 more

Branch Head in Nagpur

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.

Salary - Good

+6 more

Dislikes

Compensation is decent but growth is slow.

Branch Head in Kolhapur

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.

Skill development - Bad

+5 more

Customer Service Officer in Buguda

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.

Manager in Bangalore / Bengaluru

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.

Salary - Bad

+6 more

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AmbitionBox

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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Nabard Financial Services Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Nabard Financial Services?

Cluster Manager salary at Nabard Financial Services in India ranges between ₹5.8 Lakhs to ₹6.5 Lakhs for experience between 10 years to 19 years. According to our estimates it is 31% less than the average Cluster Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Nabard Financial Services India.

How does the salary of a Cluster Manager at Nabard Financial Services India compare with the average salary range for this job?

The average salary of a Cluster Manager at Nabard Financial Services is 31% less 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 Nabard Financial Services to a Cluster Manager in India?

Bajaj Finance Cluster Manager Salary - ₹7.9 Lakhs to ₹29.5 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital Cluster Manager Salary - ₹11.0 Lakhs to ₹17.5 Lakhs per year
ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
Tata Capital Housing Finance Cluster Manager Salary - ₹7.3 Lakhs to ₹17.7 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Nabard Financial Services in India?

Tata Capital Cluster Manager Salary - ₹7.5 Lakhs to ₹15.5 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹8.2 Lakhs to ₹20.0 Lakhs per year
Axis Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹19.9 Lakhs per year
Kotak Mahindra Bank Cluster Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
IKF Finance Cluster Manager Salary - ₹9.0 Lakhs to ₹11.4 Lakhs per year

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 ranges between ₹47,955 per month to ₹49,090 per month in India. The take-home salary calculation is based on the average Nabard Financial Services Cluster Manager salary in India which ranges between ₹5.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 10 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Nabard Financial Services?

According to AmbitionBox, 80% of the Nabard Financial Services Cluster Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Nabard Financial Services Cluster Manager Salaries

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