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HDFC Bank Underwriter salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹1.3 Lakh - ₹7.6 Lakhs
Salary of majority employees
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30% less than the average Underwriter Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Underwriter Salary
3 - 8 years exp. (5 salaries)
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₹1.3 L/yr - ₹4.5 L/yr

Finance & Accounting
Underwriter Salary
3 - 8 years exp. (5 salaries)
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₹3 L/yr - ₹5.3 L/yr

BFSI, Investments & Trading
Underwriter Salary
2 - 7 years exp. (4 salaries)
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₹3.3 L/yr - ₹9 L/yr

Sales & Business Development
Underwriter Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.9 L/yr

Risk Management & Compliance
Underwriter Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5 L/yr

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Last Updated: 24 Mar 2025

Companies similar to HDFC Bank for Underwriter

Company name Avg Annual Salary Open Jobs
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Axis Bank Underwriter Salary

0 - 4 years exp. (6 salaries)

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₹3.8 L/yr - ₹10 L/yr

arrow icon 89% more
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Yes Bank Underwriter Salary

2 - 5 years exp. (4 salaries)

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₹2.8 L/yr - ₹5.1 L/yr

arrow icon 1% less
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ICICI Bank Underwriter Salary

1 - 4 years exp. (4 salaries)

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₹2.3 L/yr - ₹9.6 L/yr

arrow icon 37% more
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IDFC FIRST Bank Underwriter Salary

1 - 12 years exp. (4 salaries)

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₹5.3 L/yr - ₹14 L/yr

arrow icon 118% more
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Kotak Mahindra Bank Underwriter Salary

1 - 5 years exp. (4 salaries)

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₹2 L/yr - ₹4.7 L/yr

arrow icon 8% less
Underwriter salary at HDFC Bank ranges between ₹1.3 Lakh to ₹7.6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 25 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Underwriter

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4 years exp.
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Experience wise HDFC Bank Underwriter salaries

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹5 L/yr
2 years  (4 salaries)

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₹3.3 L/yr - ₹5 L/yr
3 years  (4 salaries)

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₹1.3 L/yr - ₹6.7 L/yr
4 years  (4 salaries)

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₹2 L/yr - ₹6.7 L/yr
5 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹6.8 L/yr
View all

Similar Designation salaries in HDFC Bank

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₹12 L/yr - ₹45 L/yr
Analyst Salary
(101 salaries)
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₹3.82 L/yr - ₹13 L/yr
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₹3 L/yr - ₹9.05 L/yr
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₹3.6 L/yr - ₹7.8 L/yr
Team Lead Salary
(217 salaries)
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₹1.1 L/yr - ₹8.61 L/yr
Chief Manager Salary
(13 salaries)
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₹8 L/yr - ₹26 L/yr
Underwriting Analyst Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
Credit Manager Salary
(2.7k salaries)
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₹3.5 L/yr - ₹14.3 L/yr
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₹1.66 L/yr - ₹9.75 L/yr
Senior Analyst Salary
(27 salaries)
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₹3.5 L/yr - ₹13.48 L/yr

Salary related reviews for HDFC Bank

4.2

Rated by 12 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +5 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

 · 

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.

read more
  • Salary - Poor
  • +1 more

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 Underwriter Salary FAQs

What is the salary of Underwriter at HDFC Bank ?
The average salary of a Underwriter at HDFC Bank in India typically ranges from ₹1.3 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Underwriter at HDFC Bank earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Underwriter 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 20+ HDFC Bank employees in India.
What is the estimated take home salary of a Underwriter at HDFC Bank in India?
The estimated take-home salary of a Underwriter at HDFC Bank in India typically ranges from ₹27,488 to ₹28,890 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 1 year to 8 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 20+ 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 Underwriter in India?
IDFC FIRST Bank ₹5.3 Lakhs to ₹14.0 Lakhs per year
Axis Bank ₹3.8 Lakhs to ₹10.0 Lakhs per year
ICICI Bank ₹2.3 Lakhs to ₹9.6 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 Underwriter in companies similar to HDFC Bank in India?
The salary of a Underwriter at companies similar to HDFC Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank ₹2.8 Lakhs to ₹5.1 Lakhs per year
Kotak Mahindra Bank ₹2.0 Lakhs to ₹4.7 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 Underwriter at HDFC Bank in India?
The salary growth for a Underwriter at HDFC Bank depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at HDFC Bank:

Experience Average Salary Range
1 year ₹2.5 Lakhs to ₹5.0 Lakhs per year
2 years ₹3.3 Lakhs to ₹5.0 Lakhs per year
3 years ₹1.3 Lakhs to ₹6.7 Lakhs per year
4 years ₹2.0 Lakhs to ₹6.7 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Bank Underwriter salary in India ranges between ₹1.3 Lakh to ₹7.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 HDFC Bank latest salaries received from various employees of HDFC Bank.