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Federal Bank Credit Officer salaries in Mumbai

Annual salary range
1 - 3 years exp.
₹4.7 Lakhs - ₹16 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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140% more than the average Credit Officer Salary in Banking Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Credit Officer Salary
1 - 2 years exp. (3 salaries)
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₹5.8 L/yr - ₹12 L/yr

Finance & Accounting
Credit Officer Salary
1 - 2 years exp. (3 salaries)
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₹10.7 L/yr - ₹16 L/yr

Risk Management & Compliance
Credit Officer Salary
2 years exp. (AmbitionBox Estimate)
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₹11 L/yr - ₹11.5 L/yr

Last Updated: 21 Aug 2024

Companies similar to Federal Bank for Credit Officer in Mumbai

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Federal Bank Credit Officer Salary

1 - 3 years exp. (8 salaries)

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₹4.7 L/yr - ₹16 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.9 L/yr - ₹5 L/yr

arrow icon 58% less
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RBL Bank Credit Officer Salary

1 - 7 years exp. (24 salaries)

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₹2 L/yr - ₹4.4 L/yr

arrow icon 72% less
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Kotak Mahindra Bank Credit Officer Salary

1 - 6 years exp. (16 salaries)

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₹1.5 L/yr - ₹2.9 L/yr

arrow icon 76% less
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ICICI Bank Credit Officer Salary

0 - 7 years exp. (13 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 67% less
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IndusInd Bank Credit Officer Salary

1 - 7 years exp. (9 salaries)

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₹1.5 L/yr - ₹3.2 L/yr

arrow icon 74% less
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Axis Bank Credit Officer Salary

1 - 6 years exp. (8 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 65% less
1 job opening
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Yes Bank Credit Officer Salary

2 - 7 years exp. (6 salaries)

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₹2.4 L/yr - ₹3.2 L/yr

arrow icon 73% less
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IDFC FIRST Bank Credit Officer Salary

3 - 5 years exp. (3 salaries)

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₹2.2 L/yr - ₹2.8 L/yr

arrow icon 76% less
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Karnataka Bank Credit Officer Salary

7 - 10 years exp. (3 salaries)

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₹11 L/yr - ₹12 L/yr

arrow icon 11% more
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Union Bank of India Credit Officer Salary

8 - 10 years exp. (3 salaries)

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₹8.8 L/yr - ₹10.7 L/yr

arrow icon 1% more
Credit Officer salary at Federal Bank ranges between ₹4.7 Lakhs to ₹16 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Federal Bank.

Latest annual salaries shared by Federal Bank Credit Officer in Mumbai

7mo ago
₹16 Lakhs
2 years exp.
1y ago
₹12 Lakhs
2 years exp.

Experience wise Federal Bank Credit Officer salaries in Mumbai

Last Updated: 21 Aug 2024

Experience Avg Annual Salary
1 year  (3 salaries)

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₹4.2 L/yr - ₹10.9 L/yr
2 years  (4 salaries)

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₹4.2 L/yr - ₹16 L/yr
3 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹12.1 L/yr

Similar Designation salaries in Federal Bank

Officer Salary
(34 salaries)
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₹7.5 L/yr - ₹15 L/yr
Credit Manager Salary
(30 salaries)
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₹11 L/yr - ₹19 L/yr
Credit Analyst Salary
(17 salaries)
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₹9 L/yr - ₹19 L/yr

Salary related reviews for Federal Bank

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 25 Dec 2024

2.0
 for  Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

read more

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 29 May 2022

4.0
 for  Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

read more
  • Salary - Good
  • +3 more

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

read more

Customer Success, Service & Operations Department

4.0
  •  posted on 20 Apr 2022

4.0
 for  Salary and Benefits

Likes

...ing.If we are deserving n performing well ,we will be noticed by the higher ups.Fair appraisals and good compensation n allowances also.

read more
  • Salary - Good
  • +4 more

Dislikes

Top management decisions and policies are not conveyed to field level employees n we feel aliens at times.There should be a platform where one can raise a concern directly to a top leader.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 05 Feb 2025

5.0
 for  Salary and Benefits

Likes

... consideration for posting based on personal issues. Opportunities for learning. Salary is at par with nationalised banks. Offers good job security.

read more
  • Salary - Excellent
  • +5 more

Dislikes

The promotion process is subject to bias. Hands on training for new recruits can be improved.

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 24 Nov 2024

5.0
 for  Salary and Benefits

Likes

Pay scale is good, less Pressure,

  • Salary - Excellent
  • +3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

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  • Skill development - Poor
  • +1 more
see more salary related reviews

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Federal Bank Credit Officer Salary FAQs

What is the salary of Credit Officer at Federal Bank in Mumbai?
The average salary of a Credit Officer at Federal Bank in Mumbai typically ranges from ₹4.7 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Credit Officer in Mumbai at Federal Bank earn more than ₹14.8 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Credit Officer Salaries at Federal 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 8 Federal Bank employees in India.
What is the estimated take home salary of a Credit Officer at Federal Bank in Mumbai?
The estimated take-home salary of a Credit Officer at Federal Bank in Mumbai typically ranges from ₹75,504 to ₹77,459 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 8 salaries received from various employees of Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Federal Bank for Credit Officer in India?
Karnataka Bank ₹11.0 Lakhs to ₹12.0 Lakhs per year
Union Bank of India ₹8.8 Lakhs to ₹10.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Federal Bank, depending on the role and experience level.
What is the salary of a Credit Officer in companies similar to Federal Bank in Mumbai?
The salary of a Credit Officer at companies similar to Federal Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ujjivan Small Finance Bank ₹2.9 Lakhs to ₹5.0 Lakhs per year
Axis Bank ₹2.5 Lakhs to ₹5.0 Lakhs per year
ICICI Bank ₹2.5 Lakhs to ₹4.5 Lakhs per year
RBL Bank ₹2.0 Lakhs to ₹4.4 Lakhs per year
Yes Bank ₹2.4 Lakhs to ₹3.2 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 Credit Officer at Federal Bank in Mumbai?
The salary growth for a Credit Officer at Federal Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Officer in Mumbai can expect the following growth trajectory at Federal Bank:

Experience Average Salary Range
1 year ₹4.2 Lakhs to ₹10.9 Lakhs per year
2 years ₹4.2 Lakhs to ₹16.0 Lakhs per year
3 years ₹9.5 Lakhs to ₹12.1 Lakhs per year
and so on.

Tell us how to improve this page.

Federal Bank Credit Officer salary in Mumbai ranges between ₹4.7 Lakhs to ₹16 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Federal Bank latest salaries received from various employees of Federal Bank.