ICICI Bank Mortgage Underwriter Salaries by 6 Employees (Updated 2025)

2 - 10 years exp.

₹3 Lakhs - ₹8.7 Lakhs

Low Confidence

Salary of majority employees

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15% more than the average Mortgage Underwriter Salary in Banking Companies for 2 - 10 years of experience

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Last Updated: 9 Jul 2024

Companies similar to ICICI Bank for Mortgage Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Mortgage Underwriter Salary 1 - 4 years exp. (5 salaries)	Unlock ₹3 L/yr - ₹9.1 L/yr 11% more
Axis Bank Mortgage Underwriter Salary 0 - 5 years exp. (5 salaries)	Unlock ₹2.2 L/yr - ₹10.8 L/yr 6% more
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IDFC FIRST Bank Mortgage Underwriter Salary 2 - 6 years exp. (4 salaries)	Unlock ₹4.4 L/yr - ₹6.3 L/yr 2% less
Barclays Mortgage Underwriter Salary 2 - 7 years exp. (18 salaries)	Unlock ₹2.9 L/yr - ₹10.1 L/yr 35% more
NatWest Group Mortgage Underwriter Salary 4 - 9 years exp. (15 salaries)	Unlock ₹4.1 L/yr - ₹7 L/yr 4% more

Mortgage Underwriter salary at ICICI Bank ranges between ₹3 Lakhs to ₹8.7 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Mortgage Underwriter salaries

Last Updated: 9 Jul 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹4 L/yr - ₹8.2 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹5 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹9.2 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹4.8 L/yr - ₹6.1 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹5 L/yr - ₹6.4 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹5.3 L/yr - ₹6.7 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹5.5 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹8.7 L/yr

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Salary related reviews for ICICI Bank

1.0

Rated by 1 employees for salary & benefits

Management Trainee in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

....Work life balance is good for me as we don't have too much pressure and stress. Salary and other benefits are also good. There is no appraisal system, therefore no leg pulling or working in silos is there which is very important for big organisation especially established banks. This very boon also have some cons like there are fixed increament at annual level which are close to 9% at mid management level and 4-5% at leadership levels. Additionally, the promotion happens in every 3 yrs(which is fixed based on your work experience and education level) till you reach leadership level and with each promotion you get salary hike of around 25% and from CM1 level you start to get Esops as well. Furthermore, there are fixed working hours from 9:15-5:15 for me and strictly no work from home policy. You have to be present physically everyday at ofc. Overall company culture is good like other corporates. In branch level things and experience might defer. Overall in my opinion better than other indian banks.

Salary - Good

+4 more

Dislikes

Work from office for 6 days policy, with alternate Saturday's off. Others, You can read it in like section only, mentioned there

Credit Manager in Bhopal

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Nov 2024

5.0

for Salary and Benefits

Likes

Appraisal is fixed in every 3 year, salary increment is fixed, good bonus, good HR policy

Salary - Excellent

+3 more

Dislikes

You will have to do multiple work at a time, office time is very strict for coming but not for going. You will be threatened multiple times for sending back you to HR, or getting warning mails and memos which make the job security very low for the organisation No work life balance good if you are bachler or not married

Work-life balance - Bad

Deputy Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

4.0

• posted on 27 Oct 2024

3.0

for Salary and Benefits

Likes

Work life balance is there if you are a Virtual RM. Salary is below average as compared to posh cities where cost of living is high like Bangalore. HR policies is good. Fresher should take a chance to learn and embibe in the field. Coming to promotion it is by default your years of experience and expertise in the domain.

Job security - Good

+3 more

Dislikes

CTC Complexities Internal department change is not easy

Deputy Manager in Kolkata

Full Time

Risk Management & Compliance Department

3.0

• posted on 28 Jun 2024

4.0

for Salary and Benefits

Likes

The overall salary structure. Centralized appraisals.

Salary - Good

+1 more

Dislikes

Thank God for centralized appraisals, otherwise one wouldn't get a dime! The company culture is deteriorating with every passing minute. You won't get to learn new things unless the hierarchy sees their own benefit in it. Favourism and partiality goes hand in hand and at a peak level.

Skill development - Poor

+3 more

Credit Manager in Ambattur

Full Time

Risk Management & Compliance Department

4.0

• posted on 16 Jun 2024

4.0

for Salary and Benefits

Likes

...ing experience (both good and bad ofcourse which is part of any job or company). Good place to start a career in banking with decent package as a fresher.

Salary - Good

+3 more

Dislikes

No work from home option, work pressure with unrealistic targets

Work-life balance - Poor

see more salary related reviews

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What people are saying about ICICI Bank

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indispensablefire

works at

ICICI Bank

Need assistance for a job switch

So I just finished a year at ICICI and am now in SO grade in the eRM channel. My highest educational qualification is a B.Com. And now I intend to prepare for FRM. But I’m not sure whether I should stay at ICICI for another year, then switch companies after earning a... read more

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ICICI Bank Mortgage Underwriter Salary FAQs

What is the salary of Mortgage Underwriter at ICICI Bank?

Mortgage Underwriter salary at ICICI Bank in India ranges between ₹3.0 Lakhs to ₹8.7 Lakhs for experience between 2 years to 10 years. According to our estimates it is 15% more than the average Mortgage Underwriter Salary in India. Salary estimates are based on 6 latest salaries received from various employees of ICICI Bank India.

How does the salary of a Mortgage Underwriter at ICICI Bank India compare with the average salary range for this job?

The average salary of a Mortgage Underwriter at ICICI Bank is 15% more than the average salary of a Mortgage Underwriter in India. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Bank to a Mortgage Underwriter in India?

Barclays Mortgage Underwriter Salary - ₹2.9 Lakhs to ₹10.1 Lakhs per year
HDFC Bank Mortgage Underwriter Salary - ₹3.0 Lakhs to ₹9.1 Lakhs per year
Axis Bank Mortgage Underwriter Salary - ₹2.2 Lakhs to ₹10.8 Lakhs per year
NatWest Group Mortgage Underwriter Salary - ₹4.1 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Mortgage Underwriter in companies similar to ICICI Bank in India?

IDFC FIRST Bank Mortgage Underwriter Salary - ₹4.4 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a Mortgage Underwriter at ICICI Bank in India?

The estimated take-home salary of a Mortgage Underwriter at ICICI Bank ranges between ₹42,275 per month to ₹43,407 per month in India. The take-home salary calculation is based on the average ICICI Bank Mortgage Underwriter salary in India which ranges between ₹3.0 Lakhs to ₹8.7 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Mortgage Underwriter at ICICI Bank?

According to AmbitionBox, 67% of the ICICI Bank Mortgage Underwriters reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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ICICI Bank Mortgage Underwriter Salaries

ICICI Bank Mortgage Underwriter salary in India ranges between ₹3 Lakhs to ₹8.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ICICI Bank latest salaries received from various employees of ICICI Bank.