HDFC Bank Mumbai Functional Analyst Salaries by 80+ Employees (Updated 2025)

0 - 6 years exp.

₹4.8 Lakhs - ₹19.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

46% more than the average Functional Analyst Salary in Banking Companies for 0 - 6 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Data Science & Analytics Functional Analyst Salary 1 - 5 years exp. (32 salaries)	₹5.3 L/yr - ₹18.9 L/yr
Engineering - Software & QA Functional Analyst Salary 1 - 6 years exp. (11 salaries)	₹4.8 L/yr - ₹15 L/yr
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BFSI, Investments & Trading Functional Analyst Salary 0 - 6 years exp. (7 salaries)	₹5.1 L/yr - ₹12 L/yr
Project & Program Management Functional Analyst Salary 1 - 5 years exp. (6 salaries)	₹5 L/yr - ₹12.3 L/yr
Product Management Functional Analyst Salary 1 - 6 years exp. (5 salaries)	₹5.6 L/yr - ₹13.5 L/yr

View all

Last Updated: 6 Apr 2025

Companies similar to HDFC Bank for Functional Analyst in Mumbai

HDFC Bank Functional Analyst Salary

0 - 6 years exp. (81 salaries)

₹4.8 L/yr - ₹19.8 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS Functional Analyst Salary 2 - 9 years exp. (54 salaries)	₹2.8 L/yr - ₹10.5 L/yr 39% less
Manorama Infosolutions Functional Analyst Salary 0 - 6 years exp. (32 salaries)	₹2 L/yr - ₹3.6 L/yr 75% less
Login to view exact salary
Bureau Veritas Functional Analyst Salary 7 - 9 years exp. (5 salaries)	₹7.1 L/yr - ₹15.6 L/yr 10% less
Luxoft Functional Analyst Salary 1 - 4 years exp. (5 salaries)	₹13 L/yr - ₹15 L/yr 22% more
Deloitte Functional Analyst Salary 1 - 2 years exp. (5 salaries)	₹7 L/yr - ₹9.4 L/yr 29% less

Functional Analyst salary at HDFC Bank ranges between ₹4.8 Lakhs to ₹19.8 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 81 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Functional Analyst in Mumbai

1d ago

₹12.5 Lakhs

3 years exp.

1w ago

₹25 Lakhs

1 year exp.

3w ago

₹17.5 Lakhs

2 years exp.

3w ago

₹25 Lakhs

2 years exp.

3w ago

₹16 Lakhs

4 years exp.

1mo ago

6 years exp.

1mo ago

1 year exp.

2mo ago

4 years exp.

2mo ago

5 years exp.

3mo ago

2 years exp.

Experience wise HDFC Bank Functional Analyst salaries in Mumbai

Last Updated: 6 Apr 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.5 L/yr - ₹11 L/yr
1 year (18 salaries)	₹5 L/yr - ₹20 L/yr
Login to view exact salary
2 years (18 salaries)	₹5 L/yr - ₹17.4 L/yr
3 years (4 salaries)	₹4.8 L/yr - ₹12.5 L/yr
4 years (13 salaries)	₹5 L/yr - ₹16 L/yr
5 years (16 salaries)	₹5.1 L/yr - ₹21.5 L/yr
6 years (9 salaries)	₹5.6 L/yr - ₹15.1 L/yr

View all

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Analyst Salary

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Senior Associate Salary

(10 salaries)

₹2.2 L/yr - ₹9.01 L/yr

Senior Analyst Salary

(7 salaries)

₹3.9 L/yr - ₹13 L/yr

Senior Consultant Salary

(5 salaries)

₹8.5 L/yr - ₹22.5 L/yr

Top skills at HDFC Bank for Functional Analyst

Project Management UAT Treasury Murex JIRA Business Analysis Finacle SQL Queries Swift Fund Accounting Test Case Preparation Analytical Core banking Credit Risk Flexcube

Salary related reviews for HDFC Bank

3.6

Rated by 17 employees for salary & benefits

Functional Analyst in Mumbai

Full Time

Data Science & Analytics Department

1.0

• posted on 21 Jul 2023

4.0

for Salary and Benefits

Likes

Good salary structure. Job security is high.

Salary - Good

+1 more

Dislikes

Learning curve is extremely flat. People working here don't want to change anything or learn anything new. For experienced professionals it's a great place, for freshers and early corporates it's not a good place for learning and quite frustrating. Work culture is extremely toxic and unprofessional. Work life balance depends on team.

Skill development - Bad

+3 more

Functional Analyst in Mumbai

Data Science & Analytics Department

4.0

• posted on 08 Aug 2017

for Salary and Benefits

Likes

HDFC bank, being the reputed bank that is, is a very good place to work in. It excels in creating a very friendly atmosphere to work in, along with flexible working hours. Entails a lot of learning - especially in the BPRG department handling corporate clients, with wide networking with clients - national and international. Provides room for innovation.

Skill development - Good

+1 more

Dislikes

Even with all the good ideals, it lacks in adequate compensation which sometimes leads to decrease in employee morale. Requirement of more Functional training which can help to increase job productivity.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 25 Mar 2025

2.0

for Salary and Benefits

Likes

Don't have anything to like here

Dislikes

No Work life balance here No opportunity for skill development. No proper salary hike If you and family suffering from anything and u not providing proper productivity due any issue then don't have job security.

Salary - Poor

+5 more

Deputy Manager in Guwahati (working remotely)

Full Time

Sales & Business Development Department

3.0

• posted on 09 Feb 2025

2.0

for Salary and Benefits

Likes

1.Good brand value in market. 2.Variety of products.

Skill development - Good

+1 more

Dislikes

1. They demands multiple products to sell at same time. 2. Senior managers are taking very high salary with less productive and ideas and they just do 2-3 hrs concall with staffs every day. 3. Unwanted pressure on so many things.

Salary - Poor

+1 more

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

5.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

All are good job security, work life balance, Job satisfaction, Skills and knowledge development, these are all is good

Salary - Good

+6 more

Dislikes

Salary is not good. This company is a few things restricted to incentive and bonus and employee service not good. I am not satisfaction. These are all not good

see more salary related reviews

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dhineshkumarr

works at

HDFC Bank

Seeking Advice for Banking Jobs

Hi Guys, I have 7 years experience in the banking sector. Currently looking for a job change, also applying for a job since January 2025, still i'm not getting interview calls/emails. Currently checking jobs in Linkedin, Naukri, Glassdoor, Indeed and Shine. Please advise guys how to get a call for the interview ??

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HDFC Bank Functional Analyst Salary FAQs

What is the salary of Functional Analyst at HDFC Bank in Mumbai?

The average salary of a Functional Analyst at HDFC Bank in Mumbai typically ranges from ₹4.8 Lakhs to ₹19.8 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Functional Analyst in Mumbai at HDFC Bank earn more than ₹16.4 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Functional Analyst Salaries at HDFC 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 80+ HDFC Bank employees in India.

What is the estimated take home salary of a Functional Analyst at HDFC Bank in Mumbai?

The estimated take-home salary of a Functional Analyst at HDFC Bank in Mumbai typically ranges from ₹82,978 to ₹85,145 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹19.8 Lakhs per year for employees with experience ranging from Fresher to 6 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 80+ salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Functional Analyst at HDFC Bank in Mumbai?

To be a Functional Analyst at HDFC Bank in Mumbai, the key skills required include:

- Project Management
- UAT
- Treasury
- Murex
- JIRA

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

Which companies offer higher salaries than HDFC Bank for Functional Analyst in India?

Luxoft

₹13.0 Lakhs to ₹15.0 Lakhs per year

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

What is the salary of a Functional Analyst in companies similar to HDFC Bank in Mumbai?

The salary of a Functional Analyst at companies similar to HDFC Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bureau Veritas	₹7.1 Lakhs to ₹15.6 Lakhs per year
Deloitte	₹7.0 Lakhs to ₹9.4 Lakhs per year
TCS	₹2.8 Lakhs to ₹10.5 Lakhs per year
Manorama Infosolutions	₹2.0 Lakhs to ₹3.6 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 Functional Analyst at HDFC Bank in Mumbai?

The salary growth for a Functional Analyst at HDFC Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Functional Analyst in Mumbai can expect the following growth trajectory at HDFC Bank:

Experience	Average Salary Range
Fresher	₹6.5 Lakhs to ₹11.0 Lakhs per year
1 year	₹5.0 Lakhs to ₹20.0 Lakhs per year
2 years	₹5.0 Lakhs to ₹17.4 Lakhs per year
3 years	₹4.8 Lakhs to ₹12.5 Lakhs per year

and so on.

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HDFC Bank Functional Analyst Salaries in Mumbai

HDFC Bank Functional Analyst salary in Mumbai ranges between ₹4.8 Lakhs to ₹19.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 81 HDFC Bank latest salaries received from various employees of HDFC Bank.