HDFC Life Banking Operations Manager Salaries by 4 Employees

4 - 6 years exp.

₹1.9 Lakh - ₹2.2 Lakhs

Low Confidence

Salary of majority employees

68% less than the average Banking Operations Manager Salary in Insurance Companies for 4 - 6 years of experience

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Last Updated: 7 Dec 2024

Companies similar to HDFC Life for Banking Operations Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Banking Operations Manager Salary 2 - 14 years exp. (47 salaries)	₹1.2 L/yr - ₹9.1 L/yr 162% more
ICICI Bank Banking Operations Manager Salary 1 - 8 years exp. (48 salaries)	₹2.4 L/yr - ₹8 L/yr 157% more
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Axis Bank Banking Operations Manager Salary 2 - 10 years exp. (39 salaries)	₹2 L/yr - ₹8 L/yr 186% more
Kotak Mahindra Bank Banking Operations Manager Salary 3 - 15 years exp. (21 salaries)	₹4.2 L/yr - ₹9.5 L/yr 195% more
IndusInd Bank Banking Operations Manager Salary 2 - 14 years exp. (19 salaries)	₹3 L/yr - ₹10.5 L/yr 179% more

Banking Operations Manager salary at HDFC Life ranges between ₹1.9 Lakh to ₹2.2 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Banking Operations Manager salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr

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Salary related reviews for HDFC Life

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

Work satisfaction - Bad

+2 more

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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HDFC Life Banking Operations Manager Salary FAQs

What is the salary of Banking Operations Manager at HDFC Life ?

The average salary of a Banking Operations Manager at HDFC Life in India typically ranges from ₹1.9 Lakhs to ₹2.2 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Banking Operations Manager at HDFC Life earn more than ₹2.2 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Banking Operations Manager Salaries at HDFC Life 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 HDFC Life employees in India.

What is the estimated take home salary of a Banking Operations Manager at HDFC Life in India?

The estimated take-home salary of a Banking Operations Manager at HDFC Life in India typically ranges from ₹13,802 to ₹15,265 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹2.2 Lakhs per year for employees with experience ranging from 4 years 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 4 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Banking Operations Manager in India?

Kotak Mahindra Bank	₹4.2 Lakhs to ₹9.5 Lakhs per year
Axis Bank	₹2.0 Lakhs to ₹8.0 Lakhs per year
IndusInd Bank	₹3.0 Lakhs to ₹10.5 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹9.1 Lakhs per year
ICICI Bank	₹2.4 Lakhs to ₹8.0 Lakhs per year

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

How the salary growth look like for a Banking Operations Manager at HDFC Life in India?

The salary growth for a Banking Operations Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Banking Operations Manager can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
4 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
5 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
6 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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HDFC Life Banking Operations Manager Salaries

HDFC Life Banking Operations Manager salary in India ranges between ₹1.9 Lakh to ₹2.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.