Ujjivan Small Finance Bank Indore Cluster Manager Salaries by 10+ Employees (Updated 2025)

5 - 15 years exp.

₹6.4 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Cluster Manager Salary in Banking Companies for 5 - 15 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Cluster Manager Salary 5 - 15 years exp. (5 salaries)	₹6.8 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Cluster Manager Salary 11 - 14 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹9 L/yr
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Finance & Accounting Cluster Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹9.1 L/yr

Last Updated: 1 Jan 2025

Companies similar to Ujjivan Small Finance Bank for Cluster Manager in Indore

Ujjivan Small Finance Bank Cluster Manager Salary

5 - 15 years exp. (11 salaries)

₹6.4 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Cluster Manager Salary 8 - 14 years exp. (11 salaries)	₹9.5 L/yr - ₹19.2 L/yr 72% more
IndusInd Bank Cluster Manager Salary 12 - 15 years exp. (5 salaries)	₹6.4 L/yr - ₹8.5 L/yr 6% less
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HDFC Bank Cluster Manager Salary 11 - 16 years exp. (3 salaries)	₹9 L/yr - ₹13.9 L/yr 44% more
Kotak Mahindra Bank Cluster Manager Salary 9 - 10 years exp. (3 salaries)	₹8 L/yr - ₹9.9 L/yr 5% more
Stanza Living Cluster Manager Salary 6 - 12 years exp. (14 salaries)	₹5.8 L/yr - ₹15 L/yr 27% more	4 job openings

Cluster Manager salary at Ujjivan Small Finance Bank ranges between ₹6.4 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 11 latest salaries received from various employees of Ujjivan Small Finance Bank.

Experience wise Ujjivan Small Finance Bank Cluster Manager salaries in Indore

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
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7 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
8 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
11 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
12 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
13 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.8 L/yr
14 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
15+ years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr

View all

From

Cluster Manager

₹

Lakhs/yr

5 - 15 years exp.

Distribution Manager

₹

Lakhs/yr

11 - 15 years exp.

Cluster Manager 5 - 15 years exp.

Area Manager 8 - 20 years exp.

80% hike

Distribution Manager 11 - 15 years exp.

56% hike

From

View 1 more level

Cluster Manager

5 - 15 years exp.

Cluster Head

10 - 19 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Ujjivan Small Finance Bank

Relationship Manager Salary

(9 salaries)

₹3.1 L/yr - ₹5.04 L/yr

Area Manager Salary

(7 salaries)

₹10.5 L/yr - ₹17 L/yr

Top skills at Ujjivan Small Finance Bank for Cluster Manager

Risk Assessment Mortgage Loans Lap Sales housing loan mortgage Finance Home Loans Business Loan Retail Assets Housing Financial Analysis Banking Loans Construction

Salary related reviews for Ujjivan Small Finance Bank

4.0

Rated by 2 employees for salary & benefits

Cluster Manager in Shadipur

BFSI, Investments & Trading Department

3.0

• posted on 04 Jul 2022

2.0

for Salary and Benefits

Likes

The company gives a good amount of job security. But mostly things will depend on your manager. if the manager is not good then Ujjivan as a company can not do anything in that case

Work-life balance - Good

Dislikes

...u work for long here, other major banks might not consider you for many roles. Salary and Increments depend on the department you are working in. In case your department is incurring losses. Your hard work will go in vain as the ratings will be poorly allotted.

Salary - Poor

+3 more

Cluster Manager in Patna

BFSI, Investments & Trading Department

5.0

• posted on 07 Mar 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Cluster Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 26 May 2022

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policy are too good, appraisal are fair and teyi five good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Everything is very good.

Branch Manager in Gopiballavpur

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 04 Jan 2023

2.0

for Salary and Benefits

Likes

Salary on 25th. Employment engagement is very good.

Job security - Good

Dislikes

Work on holiday sales team & branch team 2nd & 4th saturday. No comp off. Comp off is credited in your leave balance but supervisor above BM role is not provided. 10 days mandatory leave provide by supervisor above if providing then only 5 to 6days. Work & life balance is very disappointed.

Salary - Poor

+5 more

Branch Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Aug 2022

4.0

for Salary and Benefits

Likes

Growing bank.Getting Salary and incentives on time .Good Health insurance and other employee benefit are provided by bank.

Salary - Good

+3 more

Dislikes

Family and work life balance are difficult to manage as we have to work 2nd and 4th Saturday also .

Job security - Bad

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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Ujjivan Small Finance Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Ujjivan Small Finance Bank in Indore?

The average salary of a Cluster Manager at Ujjivan Small Finance Bank in Indore typically ranges from ₹6.4 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Cluster Manager in Indore at Ujjivan Small Finance Bank earn more than ₹9.7 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Manager Salaries at Ujjivan Small Finance Bank 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 10+ Ujjivan Small Finance Bank employees in India.

What is the estimated take home salary of a Cluster Manager at Ujjivan Small Finance Bank in Indore?

The estimated take-home salary of a Cluster Manager at Ujjivan Small Finance Bank in Indore typically ranges from ₹59,964 to ₹61,480 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 5 years to 15 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 10+ salaries received from various employees of Ujjivan Small Finance Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Manager at Ujjivan Small Finance Bank in Indore?

To be a Cluster Manager at Ujjivan Small Finance Bank in Indore, the key skills required include:

- Risk Assessment
- Mortgage Loans
- Lap
- Sales
- housing loan

These skills are highly valued at Ujjivan Small Finance Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Ujjivan Small Finance Bank for Cluster Manager in India?

IDFC FIRST Bank	₹9.5 Lakhs to ₹19.2 Lakhs per year
HDFC Bank	₹9.0 Lakhs to ₹13.9 Lakhs per year
Stanza Living	₹5.8 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank	₹8.0 Lakhs to ₹9.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Ujjivan Small Finance Bank, depending on the role and experience level.

What is the salary of a Cluster Manager in companies similar to Ujjivan Small Finance Bank in Indore?

The salary of a Cluster Manager at companies similar to Ujjivan Small Finance Bank in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank

₹6.4 Lakhs to ₹8.5 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 Ujjivan Small Finance Bank in Indore?

The salary growth for a Cluster Manager at Ujjivan Small Finance Bank in Indore depends on factors such as experience, performance, and promotions. On average, a Cluster Manager in Indore can expect the following growth trajectory at Ujjivan Small Finance Bank:

Experience	Average Salary Range
5 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
6 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
7 years	₹7.0 Lakhs to ₹9.0 Lakhs per year
8 years	₹7.1 Lakhs to ₹9.1 Lakhs per year

and so on.

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Ujjivan Small Finance Bank Cluster Manager Salaries in Indore

Ujjivan Small Finance Bank Cluster Manager salary in Indore ranges between ₹6.4 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Ujjivan Small Finance Bank latest salaries received from various employees of Ujjivan Small Finance Bank.