IDFC FIRST Bank Credit Underwriter Salaries by 10+ Employees

1 - 6 years exp.

₹3.7 Lakhs - ₹9.8 Lakhs

Salary of majority employees

Fixed (100%)

₹6.9 Lakhs

Variable (0%)

₹0.0

40% more than the average Credit Underwriter Salary in Banking Companies for 1 - 6 years of experience

Interested in this particular role?

Last Updated: 12 Sep 2024

Companies similar to IDFC FIRST Bank for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
Jana Small Finance Bank Credit Underwriter Salary 1 - 8 years exp. (178 salaries)	₹1.5 L/yr - ₹5.1 L/yr 46% less
HDFC Bank Credit Underwriter Salary 0 - 8 years exp. (120 salaries)	₹3 L/yr - ₹11 L/yr 2% more
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Bandhan Bank Credit Underwriter Salary 0 - 2 years exp. (53 salaries)	₹2 L/yr - ₹9 L/yr 41% less
Axis Bank Credit Underwriter Salary 1 - 10 years exp. (53 salaries)	₹2.6 L/yr - ₹7 L/yr 26% less
Kotak Mahindra Bank Credit Underwriter Salary 0 - 7 years exp. (34 salaries)	₹1.8 L/yr - ₹8.5 L/yr 44% less
ICICI Bank Credit Underwriter Salary 1 - 8 years exp. (26 salaries)	₹1.2 L/yr - ₹10.6 L/yr 11% less
RBL Bank Credit Underwriter Salary 1 - 7 years exp. (11 salaries)	₹2.2 L/yr - ₹11.5 L/yr At par
Yes Bank Credit Underwriter Salary 0 - 6 years exp. (10 salaries)	₹2 L/yr - ₹5.5 L/yr 55% less
Standard Chartered Credit Underwriter Salary 1 - 6 years exp. (6 salaries)	₹3.3 L/yr - ₹4.3 L/yr 47% less
City Union Bank Credit Underwriter Salary 16 - 17 years exp. (6 salaries)	₹15.6 L/yr - ₹17.9 L/yr 129% more
Federal Bank Credit Underwriter Salary 2 - 7 years exp. (5 salaries)	₹3.5 L/yr - ₹20 L/yr 62% more
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IDBI Bank Credit Underwriter Salary 5 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹25 L/yr 148% more
IndusInd Bank Credit Underwriter Salary 0 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.7 L/yr 52% less
Ujjivan Small Finance Bank Credit Underwriter Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹5.2 L/yr 46% less
Emirates NBD Credit Underwriter Salary 7 - 14 years exp. (4 salaries)	₹8 L/yr - ₹30 L/yr 151% more

Credit Underwriter salary at IDFC FIRST Bank ranges between ₹3.7 Lakhs to ₹9.8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 13 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Credit Underwriter salaries

Last Updated: 12 Sep 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.8 L/yr - ₹8 L/yr
2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹8.4 L/yr
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3 years (3 salaries)	₹3.7 L/yr - ₹9 L/yr
4 years (4 salaries)	₹3.7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹9.8 L/yr

View all

Similar Designation salaries in IDFC FIRST Bank

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₹3 L/yr - ₹13.45 L/yr

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Salary related reviews for IDFC FIRST Bank

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

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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

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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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IDFC FIRST Bank Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at IDFC FIRST Bank ?

The average salary of a Credit Underwriter at IDFC FIRST Bank in India typically ranges from ₹3.7 Lakhs to ₹9.8 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Credit Underwriter at IDFC FIRST Bank earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹9.8 Lakhs per year. Credit Underwriter 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 10+ IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a Credit Underwriter at IDFC FIRST Bank in India typically ranges from ₹52,070 to ₹54,428 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹9.8 Lakhs per year for employees with experience ranging from 1 year 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 10+ salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDFC FIRST Bank for Credit Underwriter in India?

Emirates NBD	₹8.0 Lakhs to ₹30.0 Lakhs per year
IDBI Bank	₹7.5 Lakhs to ₹25.0 Lakhs per year
City Union Bank	₹15.6 Lakhs to ₹17.9 Lakhs per year
Federal Bank	₹3.5 Lakhs to ₹20.0 Lakhs per year
HDFC Bank	₹3.0 Lakhs to ₹11.0 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 Credit Underwriter in companies similar to IDFC FIRST Bank in India?

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

RBL Bank	₹2.2 Lakhs to ₹11.5 Lakhs per year
ICICI Bank	₹1.2 Lakhs to ₹10.6 Lakhs per year
Axis Bank	₹2.6 Lakhs to ₹7.0 Lakhs per year
Bandhan Bank	₹2.0 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹8.5 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 Credit Underwriter at IDFC FIRST Bank in India?

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

Experience	Average Salary Range
1 year	₹2.8 Lakhs to ₹8.0 Lakhs per year
2 years	₹2.8 Lakhs to ₹8.4 Lakhs per year
3 years	₹3.7 Lakhs to ₹9.0 Lakhs per year
4 years	₹3.7 Lakhs to ₹9.0 Lakhs per year

and so on.

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IDFC FIRST Bank Credit Underwriter Salaries

IDFC FIRST Bank Credit Underwriter salary in India ranges between ₹3.7 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.