HDB Financial Services Mumbai AVP Salaries by 4 Employees (Updated 2025)

0 - 26 years exp.

₹24 Lakhs - ₹27 Lakhs

Salary of majority employees

Fixed (83%)

₹20.4 Lakhs

Variable (17%)

₹4.4 Lakhs

17% less than the average AVP Salary in NBFC Companies for 0 - 26 years of experience

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Salaries in different departments

Risk Management & Compliance AVP Salary 0 - 26 years exp. (3 salaries)	₹21.6 L/yr - ₹26.4 L/yr
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Finance & Accounting AVP Salary 16 years exp. (AmbitionBox Estimate)	₹24.3 L/yr - ₹29.7 L/yr

Last Updated: 13 Jan 2025

Companies similar to HDB Financial Services for AVP in Mumbai

HDB Financial Services AVP Salary

0 - 26 years exp. (4 salaries)

₹24 L/yr - ₹27 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit AVP Salary 7 - 16 years exp. (25 salaries)	₹15 L/yr - ₹44 L/yr 28% more
IIFL Finance AVP Salary 7 - 15 years exp. (11 salaries)	₹36.1 L/yr - ₹60 L/yr 58% more
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BA Continuum AVP Salary 11 - 24 years exp. (7 salaries)	₹25 L/yr - ₹51 L/yr 60% more
Fedbank Financial Services AVP Salary 16 - 20 years exp. (4 salaries)	₹30 L/yr - ₹43.4 L/yr 43% more
Mahindra Finance AVP Salary 11 - 20 years exp. (4 salaries)	₹32 L/yr - ₹40.3 L/yr 54% more
L&T Finance AVP Salary 4 - 12 years exp. (3 salaries)	₹11 L/yr - ₹31 L/yr 21% less
Tata Motors Finance AVP Salary 16 - 18 years exp. (3 salaries)	₹19.9 L/yr - ₹29.9 L/yr 2% less

AVP salary at HDB Financial Services ranges between ₹24 Lakhs to ₹27 Lakhs per year for employees with less than 1 year of experience to 26 years. Salary estimates are based on 4 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services AVP salaries in Mumbai

Last Updated: 13 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹21.6 L/yr - ₹27.6 L/yr
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15+ years (3 salaries)	₹24 L/yr - ₹27 L/yr

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Salary related reviews for HDB Financial Services

Junior Officer in Chennai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Sep 2024

1.0

for Salary and Benefits

Likes

Office is near by house and good timing's.

Job security - Good

+1 more

Dislikes

i work in the experience for 2-3 year's but the salary was very low in the period of time..... In case i work in some other company they gave me expected salary....

Salary - Bad

+2 more

Sales Executive in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 24 Oct 2023

1.0

for Salary and Benefits

Likes

HDB give us a opportunity to job and give us avarage salary pakage to make our life style good. And also Insentive structure is very good.

Dislikes

Their are lots of things I dislike of this company. They hold salary if you didn't achive your target. After 6 months your salary cutoff upto RS. 1000 which one is terrible. The work culture and pressure also not acceptable. And lots of things are very poor of this company.

Salary - Bad

+5 more

Relationship Executive in Jaitpur

Full Time

Merchandising, Retail & eCommerce Department

5.0

• posted on 26 Jun 2023

4.0

for Salary and Benefits

Likes

HDBFS is a big Company of India, and trusted Company, Costumers belive in this Company, and almost all Banking and Merchanting Problems Solution are available in this Company. Thanks for HDBFS

Salary - Good

+6 more

Dislikes

Salary is less against the work field of the employee and proper all profits available in this company at a stage, eg the ESIC deduction is continuously from my salary but till now I can't take benifits and also I not received my ESIC card till Now. Same is fron approx all employees. So please provide our ESIC card as soon as possible. And please transparent mention our all Productivity and deduction from salary, PLP etc in a specific platform of the Company. Thanks

Senior Officer in Navi Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Its good for a fresher to get an experience...but not long term because salary is to poor only get credited on time....

Skill development - Good

+2 more

Dislikes

Low paid salary for ground level employee.. Some supervisor (ony boy) are very disappointing they are very bad behaviour..... is not good for long term stay unless you have very good...

Salary - Poor

Business Development Executive in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 03 Sep 2023

1.0

for Salary and Benefits

Likes

Provident fund.....

Dislikes

...y time new updates comming from company then worst experience of pressure 3 .... Sales manger and HR did not get salary properly when bussines not happening 4 .... When hbd payroll has change to HDFC worst work pressure

Salary - Bad

+6 more

see more salary related reviews

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What people are saying about HDB Financial Services

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a credit manager

Rat Race 9 to 5 Really?

Bhai kon kehta he ki rate race me job 9 to 5 ki hoti he? Kabhi NBFC company me aake dekho..... Yaha job 9 to 9 ki hoti he!... Regards, A Credit Manager At Upper layer NBFC Company

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HDB Financial Services AVP Salary FAQs

What is the salary of AVP at HDB Financial Services in Mumbai?

The average salary of a AVP at HDB Financial Services in Mumbai typically ranges from ₹24.0 Lakhs to ₹27.0 Lakhs per year, depending on experience (from Fresher to 26 years).

The top 10% of AVP in Mumbai at HDB Financial Services earn more than ₹27.0 Lakhs per year, and the top 1% earn over ₹27.0 Lakhs per year. AVP Salaries at HDB 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 4 HDB Financial Services employees in India.

What is the estimated take home salary of a AVP at HDB Financial Services in Mumbai?

The estimated take-home salary of a AVP at HDB Financial Services in Mumbai typically ranges from ₹1,57,078 to ₹1,63,044 per month. This is based on the average salary range of ₹24.0 Lakhs to ₹27.0 Lakhs per year for employees with experience ranging from Fresher to 26 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 4 salaries received from various employees of HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDB Financial Services for AVP in India?

BA Continuum	₹25.0 Lakhs to ₹51.0 Lakhs per year
IIFL Finance	₹36.1 Lakhs to ₹60.0 Lakhs per year
Mahindra Finance	₹32.0 Lakhs to ₹40.3 Lakhs per year
Fedbank Financial Services	₹30.0 Lakhs to ₹43.4 Lakhs per year
SMFG India Credit	₹15.0 Lakhs to ₹44.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDB Financial Services, depending on the role and experience level.

What is the salary of a AVP in companies similar to HDB Financial Services in Mumbai?

The salary of a AVP at companies similar to HDB Financial Services in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Motors Finance	₹19.9 Lakhs to ₹29.9 Lakhs per year
L&T Finance	₹11.0 Lakhs to ₹31.0 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 AVP at HDB Financial Services in Mumbai?

The salary growth for a AVP at HDB Financial Services in Mumbai depends on factors such as experience, performance, and promotions. On average, a AVP in Mumbai can expect the following growth trajectory at HDB Financial Services:

Experience	Average Salary Range
Fresher	₹21.6 Lakhs to ₹27.6 Lakhs per year
15 years	₹24.0 Lakhs to ₹27.0 Lakhs per year

and so on.

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HDB Financial Services AVP Salaries in Mumbai

HDB Financial Services AVP salary in Mumbai ranges between ₹24 Lakhs to ₹27 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDB Financial Services latest salaries received from various employees of HDB Financial Services.