IDFC FIRST Bank Mumbai Banking Officer Salaries by 70+ Employees (Updated 2025)

0 - 7 years exp.

₹2.4 Lakhs - ₹5.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Banking Officer Salary in Banking Companies for 0 - 7 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Banking Officer Salary 0 - 5 years exp. (20 salaries)	₹2.8 L/yr - ₹5 L/yr
Sales & Business Development Banking Officer Salary 0 - 5 years exp. (13 salaries)	₹2.5 L/yr - ₹4.2 L/yr
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Marketing & Communication Banking Officer Salary 0 - 6 years exp. (9 salaries)	₹3 L/yr - ₹5.3 L/yr
Customer Success, Service & Operations Banking Officer Salary 0 - 7 years exp. (8 salaries)	₹2.6 L/yr - ₹5.1 L/yr
Finance & Accounting Banking Officer Salary 0 - 5 years exp. (4 salaries)	₹2.8 L/yr - ₹3.7 L/yr

Last Updated: 19 Feb 2025

Companies similar to IDFC FIRST Bank for Banking Officer in Mumbai

IDFC FIRST Bank Banking Officer Salary

0 - 7 years exp. (76 salaries)

₹2.4 L/yr - ₹5.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Banking Officer Salary 0 - 7 years exp. (84 salaries)	₹0.7 L/yr - ₹6 L/yr At par
HDFC Bank Banking Officer Salary 0 - 8 years exp. (50 salaries)	₹1 L/yr - ₹5 L/yr 17% less
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Axis Bank Banking Officer Salary 1 - 7 years exp. (38 salaries)	₹1.5 L/yr - ₹4.5 L/yr 14% less
Kotak Mahindra Bank Banking Officer Salary 1 - 7 years exp. (35 salaries)	₹1.8 L/yr - ₹4.7 L/yr 6% less
Yes Bank Banking Officer Salary 1 - 7 years exp. (18 salaries)	₹1.8 L/yr - ₹4.6 L/yr 5% less
IndusInd Bank Banking Officer Salary 1 - 5 years exp. (14 salaries)	₹2 L/yr - ₹5.1 L/yr 1% less
RBL Bank Banking Officer Salary 1 - 6 years exp. (13 salaries)	₹1.7 L/yr - ₹3.9 L/yr 16% less
Canara Bank Banking Officer Salary 4 - 12 years exp. (4 salaries)	₹5 L/yr - ₹12 L/yr 181% more
Karnataka Bank Banking Officer Salary 4 - 11 years exp. (4 salaries)	₹8 L/yr - ₹10 L/yr 174% more
Standard Chartered Banking Officer Salary 3 - 4 years exp. (3 salaries)	₹4.3 L/yr - ₹4.6 L/yr 27% more
Mumbai District Central Co-operative Bank Banking Officer Salary 0 - 3 years exp. (3 salaries)	₹1 L/yr - ₹2.5 L/yr 48% less
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City Union Bank Banking Officer Salary 3 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹4.7 L/yr 29% more

Banking Officer salary at IDFC FIRST Bank ranges between ₹2.4 Lakhs to ₹5.3 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 76 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Banking Officer in Mumbai

1mo ago

₹2.5 Lakhs

5 years exp.

2mo ago

₹5 Lakhs

3 years exp.

3mo ago

₹3 Lakhs

4 years exp.

4mo ago

₹5.1 Lakhs

7 years exp.

6mo ago

₹3 Lakhs

3 years exp.

8mo ago

2 years exp.

9mo ago

6 years exp.

10mo ago

5 months exp.

11mo ago

1 year exp.

11mo ago

6 years exp.

Experience wise IDFC FIRST Bank Banking Officer salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (11 salaries)	₹2.8 L/yr - ₹3.5 L/yr
1 year (16 salaries)	₹2.4 L/yr - ₹3.6 L/yr
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2 years (10 salaries)	₹2.8 L/yr - ₹4.2 L/yr
3 years (15 salaries)	₹2.8 L/yr - ₹5 L/yr
4 years (15 salaries)	₹3 L/yr - ₹4.1 L/yr
5 years (6 salaries)	₹2.5 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

View all

From

Banking Officer

0 - 7 years exp.

Senior Banking Officer

0 - 5 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Senior Analyst Salary

(27 salaries)

₹3 L/yr - ₹9 L/yr

Management Trainee Salary

(23 salaries)

₹5 L/yr - ₹15 L/yr

Finance Executive Salary

(13 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Accountant Salary

(6 salaries)

₹2 L/yr - ₹5.05 L/yr

Accounts Officer Salary

(5 salaries)

₹1.6 L/yr - ₹2.7 L/yr

Financial Analyst Salary

(4 salaries)

₹2.9 L/yr - ₹4 L/yr

Top skills at IDFC FIRST Bank for Banking Officer

Sales Banking Client Acquisition Branch Banking Retail Banking Transaction Banking Customer Interaction Compliance Casa HTTP Sales Management Field Sales Selling RM Direct Sales

Salary related reviews for IDFC FIRST Bank

3.1

Rated by 4 employees for salary & benefits

Banking Officer in Cuttack

Sales & Business Development Department

5.0

• posted on 28 Jun 2022

5.0

for Salary and Benefits

Likes

First of all I would like to thank IDFC First Bank as I am very happy to work here.all my team members my team manager all are very nice very helpfulI would like to thank IDFC First Bank for helping me start my career

Salary - Excellent

+6 more

Dislikes

There is nothing in this bank, there is any problem, the salary is coming on time and there is no political issue, this bank is a very good bank.

Banking Officer in Himayathnagar, Hyderabad

Full Time

Finance & Accounting Department

2.0

• posted on 14 Apr 2022

4.0

for Salary and Benefits

Likes

Company is giving very good incentives and pay to their employees.

Salary - Good

Dislikes

The work culture of senior employees like manager level are not cooperative and not having complete product knowledge also. They just need the business but they won't help in if any trouble or issue happens or if require any assistance in work.

Skill development - Bad

+3 more

Banking Officer in New Delhi

Consumer Durable Loan Department

1.0

• posted on 11 Aug 2021

1.0

for Salary and Benefits

Likes

...ny is only thinking about it self does not think anythink about the employees. Only and only knows how to cut salary. Don't like to pay employees just cut tha money

Dislikes

...orking in company for 2 years no progress till date no crrreire growth the idfc first started to cut the salary last 8 month

Salary - Bad

+5 more

Banking Officer in Gurgaon / Gurugram

BFSI, Investments & Trading Department

5.0

• posted on 16 Nov 2021

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammate are supportive and the management. Company policy are good appraisal are fair and they give good salary hikee and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issue.

Banking Officer in New Delhi

Sales Department

3.0

• posted on 28 Jan 2021

3.0

for Salary and Benefits

Likes

...mates are supportive and management is transparent . Company policies are good . appraisal are fair and they give good salary hike and bonus every year.

Skill development - Good

+3 more

Dislikes

There is lots of politics and the management doesn't adress our issue. And here is big issue of timing issue no particular timing in idfc.

Work satisfaction - Poor

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about IDFC FIRST Bank

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Banking Officer Salary FAQs

What is the salary of Banking Officer at IDFC FIRST Bank in Mumbai?

The average salary of a Banking Officer at IDFC FIRST Bank in Mumbai typically ranges from ₹2.4 Lakhs to ₹5.3 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Banking Officer in Mumbai at IDFC FIRST Bank earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Banking Officer Salaries at IDFC FIRST 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 70+ IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Banking Officer at IDFC FIRST Bank in Mumbai?

The estimated take-home salary of a Banking Officer at IDFC FIRST Bank in Mumbai typically ranges from ₹25,509 to ₹26,940 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from Fresher to 7 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 70+ salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Banking Officer at IDFC FIRST Bank in Mumbai?

To be a Banking Officer at IDFC FIRST Bank in Mumbai, the key skills required include:

- Sales
- Banking
- Client Acquisition
- Branch Banking
- Retail Banking

These skills are highly valued at IDFC FIRST Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IDFC FIRST Bank for Banking Officer in India?

Canara Bank	₹5.0 Lakhs to ₹12.0 Lakhs per year
Karnataka Bank	₹8.0 Lakhs to ₹10.0 Lakhs per year
City Union Bank	₹4.2 Lakhs to ₹4.7 Lakhs per year
Standard Chartered	₹4.3 Lakhs to ₹4.6 Lakhs per year

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

What is the salary of a Banking Officer in companies similar to IDFC FIRST Bank in Mumbai?

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

ICICI Bank	₹0.7 Lakhs to ₹6.0 Lakhs per year
IndusInd Bank	₹2.0 Lakhs to ₹5.1 Lakhs per year
Yes Bank	₹1.8 Lakhs to ₹4.6 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹4.7 Lakhs per year
Axis Bank	₹1.5 Lakhs to ₹4.5 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 Banking Officer at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.5 Lakhs per year
1 year	₹2.4 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.8 Lakhs to ₹4.2 Lakhs per year
3 years	₹2.8 Lakhs to ₹5.0 Lakhs per year

and so on.

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IDFC FIRST Bank Banking Officer Salaries in Mumbai

IDFC FIRST Bank Banking Officer salary in Mumbai ranges between ₹2.4 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 76 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.