IDFC FIRST Bank Mumbai Credit Manager Salaries by 200+ Employees (Updated 2025)

0 - 10 years exp.

₹3 Lakhs - ₹13 Lakhs

Salary of majority employees

Fixed (100%)

₹7.8 Lakhs

Variable (0%)

₹0.0

At par with the average Credit Manager Salary in Banking Companies for 0 - 10 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 0 - 10 years exp. (84 salaries)	₹3.4 L/yr - ₹12 L/yr
Finance & Accounting Credit Manager Salary 0 - 9 years exp. (76 salaries)	₹4.3 L/yr - ₹13 L/yr
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Risk Management & Compliance Credit Manager Salary 1 - 5 years exp. (12 salaries)	₹4 L/yr - ₹8.7 L/yr

Last Updated: 23 Feb 2025

Companies similar to IDFC FIRST Bank for Credit Manager in Mumbai

IDFC FIRST Bank Credit Manager Salary

0 - 10 years exp. (213 salaries)

₹3 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Manager Salary 0 - 11 years exp. (450 salaries)	₹4 L/yr - ₹15 L/yr 13% more	6 job openings
ICICI Bank Credit Manager Salary 0 - 11 years exp. (564 salaries)	₹4 L/yr - ₹16.5 L/yr 27% more
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Axis Bank Credit Manager Salary 0 - 12 years exp. (147 salaries)	₹4 L/yr - ₹15.3 L/yr 15% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (240 salaries)	₹4 L/yr - ₹13 L/yr 14% more
Yes Bank Credit Manager Salary 0 - 10 years exp. (75 salaries)	₹4.6 L/yr - ₹14 L/yr 9% more	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (34 salaries)	₹3.6 L/yr - ₹11.4 L/yr 6% less
RBL Bank Credit Manager Salary 2 - 11 years exp. (27 salaries)	₹3 L/yr - ₹11.7 L/yr 11% less
Standard Chartered Credit Manager Salary 5 - 12 years exp. (5 salaries)	₹11 L/yr - ₹15.4 L/yr 74% more
Federal Bank Credit Manager Salary 2 - 12 years exp. (33 salaries)	₹11 L/yr - ₹20 L/yr 101% more
IDBI Bank Credit Manager Salary 2 - 17 years exp. (13 salaries)	₹12 L/yr - ₹28.9 L/yr 149% more
Utkarsh Small Finance Bank Credit Manager Salary 3 - 9 years exp. (13 salaries)	₹3.9 L/yr - ₹7.6 L/yr 38% less	1 job opening
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Jana Small Finance Bank Credit Manager Salary 2 - 10 years exp. (9 salaries)	₹2.4 L/yr - ₹9 L/yr 33% less
Karur Vysya Bank Credit Manager Salary 4 - 11 years exp. (8 salaries)	₹7 L/yr - ₹16 L/yr 32% more
Central Bank of India Credit Manager Salary 2 - 7 years exp. (5 salaries)	₹11.4 L/yr - ₹16 L/yr 79% more
Canara Bank Credit Manager Salary 7 - 12 years exp. (4 salaries)	₹13 L/yr - ₹19.3 L/yr 138% more
Union Bank of India Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹10 L/yr - ₹19 L/yr 99% more
Shinhan Bank Credit Manager Salary 6 - 11 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 28% more

Credit Manager salary at IDFC FIRST Bank ranges between ₹3 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 213 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Credit Manager salaries in Mumbai

Last Updated: 23 Feb 2025

Experience	Avg Annual Salary
Fresher (8 salaries)	₹5.5 L/yr - ₹10 L/yr
1 year (35 salaries)	₹3.5 L/yr - ₹10.2 L/yr
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2 years (35 salaries)	₹4 L/yr - ₹11 L/yr
3 years (30 salaries)	₹3 L/yr - ₹13 L/yr
4 years (25 salaries)	₹5 L/yr - ₹9.8 L/yr
5 years (37 salaries)	₹4.3 L/yr - ₹12 L/yr
6 years (19 salaries)	₹3.4 L/yr - ₹10.8 L/yr
7 years (9 salaries)	₹4.3 L/yr - ₹11 L/yr
8 years (7 salaries)	₹6 L/yr - ₹9.2 L/yr
9 years (5 salaries)	₹5 L/yr - ₹13.7 L/yr
10 years (3 salaries)	₹6 L/yr - ₹9 L/yr

View all

From

Credit Manager

0 - 10 years exp.

Area Credit Manager

₹

Lakhs/yr

5 - 17 years exp.

From

Credit Manager

0 - 10 years exp.

Cluster Credit Manager

6 - 13 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.

Similar Designation salaries in IDFC FIRST Bank

Deputy Manager Salary

(593 salaries)

₹3 L/yr - ₹9.5 L/yr

Chief Manager Salary

(365 salaries)

₹11 L/yr - ₹36 L/yr

Sales Manager Salary

(140 salaries)

₹3 L/yr - ₹10.11 L/yr

Branch Manager Salary

(50 salaries)

₹6.65 L/yr - ₹28 L/yr

Credit Analyst Salary

(29 salaries)

₹3.92 L/yr - ₹14 L/yr

Area Credit Manager Salary

(13 salaries)

₹8.15 L/yr - ₹16 L/yr

Deputy Credit Manager Salary

(13 salaries)

₹6.2 L/yr - ₹8.6 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹25 L/yr - ₹41.8 L/yr

Credit Officer Salary

(3 salaries)

₹2.15 L/yr - ₹2.54 L/yr

Top skills at IDFC FIRST Bank for Credit Manager

Underwriting Banking Retail Banking Front End Sales Management SLAS Supervision Loans Credit Appraisal Business Loan Credit Management Business Banking Monitoring Credit Underwriting

Salary related reviews for IDFC FIRST Bank

2.9

Rated by 23 employees for salary & benefits

Assistant Vice President in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 27 Jan 2025

1.0

for Salary and Benefits

Likes

Employee benefits as per banking industry is good if u have home loans

Dislikes

Work life balance, leadership is like complete egoistic and worst, salary hike is not based on performance, job security is close to nothing

Salary - Bad

+6 more

Branch Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Nov 2023

5.0

for Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

Salary - Excellent

+1 more

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

Skill development - Bad

+4 more

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+1 more

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Skill development - Bad

+4 more

Relationship Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Currently, the pay they are offering is good

Dislikes

...e a fancy job discription and in relaity, the job we do is completely different. They harras employees and even after resigning, they harrass for due payment.

Salary - Poor

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 10 May 2023

3.0

for Salary and Benefits

Likes

I like work culture and job security, overall it's average, if you are good performer then you will get chance to apply for different role

Dislikes

Promotion/ appraisal and salary not good for people who's internally get promoted

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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IDFC FIRST Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at IDFC FIRST Bank Mumbai?

Credit Manager salary at IDFC FIRST Bank in Mumbai ranges between ₹3.0 Lakhs to ₹13.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 4% less than the average Credit Manager Salary in India. Salary estimates are based on 213 latest salaries received from various employees of IDFC FIRST Bank Mumbai.

How does the salary of a Credit Manager at IDFC FIRST Bank Mumbai compare with the average salary range for this job?

The average salary of a Credit Manager at IDFC FIRST Bank is 4% less than the average salary of a Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at IDFC FIRST Bank?

Underwriting, Banking, Retail Banking, Front End and Sales are some of the popular skills required to work as a Credit Manager at IDFC FIRST Bank Mumbai.

Which similar companies are paying more than IDFC FIRST Bank to a Credit Manager in Mumbai?

IDBI Bank Credit Manager Salary - ₹12.0 Lakhs to ₹28.9 Lakhs per year
Canara Bank Credit Manager Salary - ₹13.0 Lakhs to ₹19.3 Lakhs per year
Federal Bank Credit Manager Salary - ₹11.0 Lakhs to ₹20.0 Lakhs per year
Union Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
Central Bank of India Credit Manager Salary - ₹11.4 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to IDFC FIRST Bank in Mumbai?

Standard Chartered Credit Manager Salary - ₹11.0 Lakhs to ₹15.4 Lakhs per year
Karur Vysya Bank Credit Manager Salary - ₹7.0 Lakhs to ₹16.0 Lakhs per year
Shinhan Bank Credit Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹16.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹15.3 Lakhs per year

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

The estimated take-home salary of a Credit Manager at IDFC FIRST Bank ranges between ₹57,668 per month to ₹59,119 per month in Mumbai. The take-home salary calculation is based on the average IDFC FIRST Bank Credit Manager salary in India which ranges between ₹3.0 Lakhs to ₹13.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at IDFC FIRST Bank in Mumbai?

According to AmbitionBox, 80% of the IDFC FIRST Bank Credit Managers in Mumbai reported a notice period of 3 Months, 8% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 110 responses on AmbitionBox in last 2 years.

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IDFC FIRST Bank Credit Manager Salaries in Mumbai

IDFC FIRST Bank Credit Manager salary in Mumbai ranges between ₹3 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 213 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.

IDFC FIRST Bank Credit Manager salaries in Mumbai (Updated 2025)

Companies similar to IDFC FIRST Bank for Credit Manager in Mumbai

Latest annual salaries shared by IDFC FIRST Bank Credit Manager in Mumbai

Experience wise IDFC FIRST Bank Credit Manager salaries in Mumbai

Similar Designation salaries in IDFC FIRST Bank

Top skills at IDFC FIRST Bank for Credit Manager

Salary related reviews for IDFC FIRST Bank

Assistant Vice President in Hyderabad / Secunderabad

Branch Manager in Surat

Deputy Manager in Navi Mumbai

Relationship Manager in Chennai

Deputy Manager in Mumbai

IDFC FIRST Bank Credit Manager Salary FAQs

Tell us how to improve this page.