IDBI Bank Mumbai DGM Salaries by 10+ Employees (Updated 2025)

17 - 25 years exp.

₹24 Lakhs - ₹45 Lakhs

Salary of majority employees

5% more than the average DGM Salary in Banking Companies for 17 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading DGM Salary 21 - 25 years exp. (6 salaries)	₹30 L/yr - ₹40 L/yr
Finance & Accounting DGM Salary 17 years exp. (AmbitionBox Estimate)	₹24 L/yr - ₹32.7 L/yr
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Risk Management & Compliance DGM Salary 21 years exp. (AmbitionBox Estimate)	₹36 L/yr - ₹42.9 L/yr

Last Updated: 22 Jan 2025

Companies similar to IDBI Bank for DGM in Mumbai

IDBI Bank DGM Salary

17 - 25 years exp. (13 salaries)

₹24 L/yr - ₹45 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Industries DGM Salary 14 - 23 years exp. (37 salaries)	₹12 L/yr - ₹39 L/yr 19% less
Jio DGM Salary 15 - 23 years exp. (34 salaries)	₹22.9 L/yr - ₹43.5 L/yr 4% less
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Reliance Retail DGM Salary 8 - 25 years exp. (16 salaries)	₹30 L/yr - ₹50 L/yr 22% more
Mahindra & Mahindra DGM Salary 18 - 28 years exp. (13 salaries)	₹28 L/yr - ₹55 L/yr 29% more
Larsen & Toubro Limited DGM Salary 18 - 28 years exp. (13 salaries)	₹22 L/yr - ₹50 L/yr 8% less

DGM salary at IDBI Bank ranges between ₹24 Lakhs to ₹45 Lakhs per year for employees with experience between 17 years to 25 years. Salary estimates are based on 13 latest salaries received from various employees of IDBI Bank.

Experience wise IDBI Bank DGM salaries in Mumbai

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
15+ years (13 salaries)	₹24 L/yr - ₹45 L/yr
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Salary related reviews for IDBI Bank

3.0

Rated by 1 employees for salary & benefits

Sales Executive in Surat

Sales & Marketing Department

5.0

• posted on 20 Jun 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.teammates are supportive they give good sallary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growth is slow.

Sales Executive in Basirhat

BFSI, Investments & Trading Department

4.0

• posted on 04 Jan 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture.company policies are good.

Skill development - Excellent

+1 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. On the job training is not given to new joinees

Job security - Poor

+1 more

Sales Executive in Madurai

Finance home loans Department

5.0

• posted on 19 May 2019

4.0

for Salary and Benefits

Likes

...job. But not job security for off role team(sales). Good managers. No politics. Salary is so delay.

Salary - Good

+5 more

Dislikes

Nothing to say dislike about idbi bank.

Assistant General Manager in Mumbai

Data Science & Analytics Department

3.0

• posted on 21 Aug 2019

3.0

for Salary and Benefits

Likes

Job security, Less pressure than other Private players, Compensation is good as per industry average.

Job security - Excellent

+1 more

Dislikes

IDBI was a PSU when I joined, now afterstake sale to LIC the bank has become private. Bank is suffering due to Big NPA accounts and Promotion opportunities are very scarce.

Promotions - Bad

+2 more

Back Office Assistant in Mumbai

Customer Success, Service & Operations Department

5.0

• posted on 18 Jan 2019

2.0

for Salary and Benefits

Likes

There is no opportunities for growth..there is no sufficent salary as per the work.

Skill development - Good

+1 more

Dislikes

... party consultant.they did not give us promotion by our hard work or experince..no salary increments..and other benefits also..

Salary - Poor

+2 more

see more salary related reviews

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What people are saying about IDBI Bank

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a system engineer

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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IDBI Bank DGM Salary FAQs

What is the salary of DGM at IDBI Bank in Mumbai?

The average salary of a DGM at IDBI Bank in Mumbai typically ranges from ₹24.0 Lakhs to ₹45.0 Lakhs per year, depending on experience (from 17 years to 25 years).

The top 10% of DGM in Mumbai at IDBI Bank earn more than ₹42.6 Lakhs per year, and the top 1% earn over ₹45.0 Lakhs per year. DGM Salaries at IDBI 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+ IDBI Bank employees in India.

What is the estimated take home salary of a DGM at IDBI Bank in Mumbai?

The estimated take-home salary of a DGM at IDBI Bank in Mumbai typically ranges from ₹2,03,092 to ₹2,11,138 per month. This is based on the average salary range of ₹24.0 Lakhs to ₹45.0 Lakhs per year for employees with experience ranging from 17 years to 25 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 IDBI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDBI Bank for DGM in India?

Mahindra & Mahindra	₹28.0 Lakhs to ₹55.0 Lakhs per year
Reliance Retail	₹30.0 Lakhs to ₹50.0 Lakhs per year

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

What is the salary of a DGM in companies similar to IDBI Bank in Mumbai?

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

Jio	₹22.9 Lakhs to ₹43.5 Lakhs per year
Larsen & Toubro Limited	₹22.0 Lakhs to ₹50.0 Lakhs per year
Reliance Industries	₹12.0 Lakhs to ₹39.0 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 DGM at IDBI Bank in Mumbai?

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

Experience	Average Salary Range
15 years	₹24.0 Lakhs to ₹45.0 Lakhs per year

and so on.

Tell us how to improve this page.

IDBI Bank DGM salary in Mumbai ranges between ₹24 Lakhs to ₹45 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 IDBI Bank latest salaries received from various employees of IDBI Bank.