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HDFC Bank SM salaries in India (Updated 2025)

Annual salary range
2 - 14 years exp.
₹3.6 Lakhs - ₹12.6 Lakhs
Salary of majority employees
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Fixed (87%)
₹7.4 Lakhs
Variable (13%)
₹1.1 Lakh
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At par with the average SM Salary in Banking Companies for 2 - 14 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
SM Salary
2 - 14 years exp. (8 salaries)
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₹3.2 L/yr - ₹11 L/yr

BFSI, Investments & Trading
SM Salary
10 years exp. (AmbitionBox Estimate)
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₹6.8 L/yr - ₹10 L/yr

Finance & Accounting
SM Salary
10 years exp. (AmbitionBox Estimate)
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₹6.6 L/yr - ₹8.6 L/yr

Last Updated: 25 Feb 2025

Companies similar to HDFC Bank for SM

Company name Avg Annual Salary Open Jobs
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ICICI Bank SM Salary

3 - 12 years exp. (19 salaries)

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₹3 L/yr - ₹7.2 L/yr

arrow icon 40% less
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Axis Bank SM Salary

7 - 13 years exp. (18 salaries)

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₹4.4 L/yr - ₹10 L/yr

arrow icon 17% less
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IDFC FIRST Bank SM Salary

8 - 14 years exp. (7 salaries)

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₹6.5 L/yr - ₹10.9 L/yr

arrow icon 7% less
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IndusInd Bank SM Salary

0 - 8 years exp. (4 salaries)

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₹3 L/yr - ₹8.2 L/yr

arrow icon 42% less
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Jana Small Finance Bank SM Salary

5 - 9 years exp. (4 salaries)

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₹4.2 L/yr - ₹5 L/yr

arrow icon 48% less
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Utkarsh Small Finance Bank SM Salary

5 - 6 years exp. (4 salaries)

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₹3.6 L/yr - ₹6.8 L/yr

arrow icon 40% less
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Kotak Mahindra Bank SM Salary

2 - 18 years exp. (4 salaries)

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₹6 L/yr - ₹15 L/yr

At par
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Yes Bank SM Salary

4 - 9 years exp. (3 salaries)

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₹2.2 L/yr - ₹8.5 L/yr

arrow icon 25% less
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Bandhan Bank SM Salary

1 - 15 years exp. (3 salaries)

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₹3.8 L/yr - ₹17 L/yr

arrow icon 32% more
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Ujjivan Small Finance Bank SM Salary

5 - 8 years exp. (3 salaries)

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₹6.1 L/yr - ₹7.3 L/yr

arrow icon 21% less
SM salary at HDFC Bank ranges between ₹3.6 Lakhs to ₹12.6 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 14 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank SM

2d ago
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11 years exp.
2w ago
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14 years exp.
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3 years exp.
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2 years exp.
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13 years exp.
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10 years exp.
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12 years exp.
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10 years exp.

Experience wise HDFC Bank SM salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹14.4 L/yr
3 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹14.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹14.7 L/yr
5 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
View all

Similar Designation salaries in HDFC Bank

Deputy Manager Salary
(15.1k salaries)
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₹2 L/yr - ₹10.03 L/yr
Sales Executive Salary
(2.4k salaries)
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₹0.5 L/yr - ₹6.1 L/yr
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₹10 L/yr - ₹40 L/yr
Junior Officer Salary
(961 salaries)
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₹0.9 L/yr - ₹4.6 L/yr
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₹1.1 L/yr - ₹6 L/yr
Product Manager Salary
(821 salaries)
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₹7 L/yr - ₹25 L/yr
Business Analyst Salary
(796 salaries)
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₹4.5 L/yr - ₹18.58 L/yr
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₹1.15 L/yr - ₹5 L/yr
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₹3 L/yr - ₹13 L/yr
Officer Salary
(555 salaries)
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₹1.35 L/yr - ₹5 L/yr

Salary related reviews for HDFC Bank

3.0

Rated by 3 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 16 Feb 2025

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...working in this company for last 6 years but I have never seen any growth on it. Not in my position nor in my salary . So that I m looking another job. Some time I also fill like that why had I spend my 6 year because here is no any Skill development.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 15 Feb 2025

2.0
 for  Salary and Benefits

Likes

Brand value and future leaders in banking ,

Dislikes

Internal Politics, no understand on employee struggles ,no job security, less salary in the market ,always think about bank profits ,no human values ,no caring of employees , no much digitalization comparing to other banks , No leaves ,huge pressure eon every employee for tgts , need huge profits with less man power, No happiness at working with bank .only need of the hour for employees

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 06 Feb 2025

5.0
 for  Salary and Benefits

Likes

strong brand reputation, dynamic work environment, excellent learning and development opportunities, supportive culture, focus on customer service, good career growth prospects, competitive compensation, and the ability to develop strong sales and financial management skills

read more
  • Salary - Excellent
  • +6 more

Dislikes

SALARY ISSUE

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 04 Dec 2024

3.0
 for  Salary and Benefits

Likes

Only job security. Salary on time. Work life balance is depends on manager.

read more
  • Skill development - Good
  • +1 more

Dislikes

Excessive work load, it ruin week end and late night so it hardly impact on work life balance. Poor management (Depends on vertical). Poisonous politics. Unpractical deadlines. At join they told its hybrid but after few months manager ruling to come everyday. Bad infrastructure, office and internet services.

read more
  • Promotions - Poor
  • +3 more

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

read more
see more salary related reviews

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HDFC Bank SM Salary FAQs

What is the salary of SM at HDFC Bank ?
The average salary of a SM at HDFC Bank in India typically ranges from ₹3.6 Lakhs to ₹12.6 Lakhs per year, depending on experience (from 2 years to 14 years).

The top 10% of SM at HDFC Bank earn more than ₹10.3 Lakhs per year, and the top 1% earn over ₹12.6 Lakhs per year. SM 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 10+ HDFC Bank employees in India.
What is the estimated take home salary of a SM at HDFC Bank in India?
The estimated take-home salary of a SM at HDFC Bank in India typically ranges from ₹62,426 to ₹64,012 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹12.6 Lakhs per year for employees with experience ranging from 2 years to 14 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 HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than HDFC Bank for SM in India?
Bandhan Bank ₹3.8 Lakhs to ₹17.0 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 SM in companies similar to HDFC Bank in India?
The salary of a SM at companies similar to HDFC Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank ₹6.0 Lakhs to ₹15.0 Lakhs per year
IDFC FIRST Bank ₹6.5 Lakhs to ₹10.9 Lakhs per year
Axis Bank ₹4.4 Lakhs to ₹10.0 Lakhs per year
Ujjivan Small Finance Bank ₹6.1 Lakhs to ₹7.3 Lakhs per year
Yes Bank ₹2.2 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 SM at HDFC Bank in India?
The salary growth for a SM at HDFC Bank depends on factors such as experience, performance, and promotions. On average, a SM can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
2 years ₹3.2 Lakhs to ₹14.4 Lakhs per year
3 years ₹3.3 Lakhs to ₹14.5 Lakhs per year
4 years ₹3.8 Lakhs to ₹14.7 Lakhs per year
5 years ₹7.4 Lakhs to ₹9.5 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Bank SM salary in India ranges between ₹3.6 Lakhs to ₹12.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 HDFC Bank latest salaries received from various employees of HDFC Bank.