IDFC FIRST Bank Mumbai Debt Manager Salaries by 20+ Employees (Updated 2025)

1 - 10 years exp.

₹3.7 Lakhs - ₹11.7 Lakhs

Salary of majority employees

At par with the average Debt Manager Salary in Banking Companies for 1 - 10 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Debt Manager Salary 2 - 7 years exp. (11 salaries)	₹5 L/yr - ₹11.7 L/yr
Customer Success, Service & Operations Debt Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.4 L/yr
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Finance & Accounting Debt Manager Salary 1 - 6 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
Data Science & Analytics Debt Manager Salary 7 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹8.1 L/yr
Risk Management & Compliance Debt Manager Salary 3 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.8 L/yr

Last Updated: 8 Mar 2025

Companies similar to IDFC FIRST Bank for Debt Manager in Mumbai

IDFC FIRST Bank Debt Manager Salary

1 - 10 years exp. (21 salaries)

₹3.7 L/yr - ₹11.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Debt Manager Salary 3 - 13 years exp. (37 salaries)	₹4 L/yr - ₹10 L/yr At par
Kotak Mahindra Bank Debt Manager Salary 3 - 5 years exp. (3 salaries)	₹4.5 L/yr - ₹6.5 L/yr 10% less
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Bajaj Finance Debt Manager Salary 6 - 7 years exp. (3 salaries)	₹4.9 L/yr - ₹7.5 L/yr 12% less

Debt Manager salary at IDFC FIRST Bank ranges between ₹3.7 Lakhs to ₹11.7 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 21 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Debt Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹3.7 L/yr - ₹8 L/yr
2 years (AmbitionBox Estimate)	₹4 L/yr - ₹12.5 L/yr
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3 years (3 salaries)	₹5 L/yr - ₹7.2 L/yr
4 years (3 salaries)	₹2.8 L/yr - ₹11 L/yr
5 years (4 salaries)	₹5.5 L/yr - ₹11.7 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.1 L/yr
7 years (3 salaries)	₹2.8 L/yr - ₹8.1 L/yr
8 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.7 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.8 L/yr

View all

From

Debt Manager

1 - 12 years exp.

Area Debt Manager

4 - 14 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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Collections Manager Salary

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Branch Manager Salary

(52 salaries)

₹6.72 L/yr - ₹28 L/yr

Recovery Manager Salary

(9 salaries)

₹5.15 L/yr - ₹8.7 L/yr

Cluster Manager Salary

(7 salaries)

₹10.5 L/yr - ₹21 L/yr

Area Debt Manager Salary

(3 salaries)

₹9 L/yr - ₹16 L/yr

Area Manager Salary

(3 salaries)

₹10.5 L/yr - ₹15.5 L/yr

Top skills at IDFC FIRST Bank for Debt Manager

Management Legal MIS Reporting EMI Administration Work Banking Retail Banking Focus Consumer Durables Microfinance Collections Debt Management Business Loan Debt Collection Loans

Salary related reviews for IDFC FIRST Bank

3.9

Rated by 3 employees for salary & benefits

Debt Manager in Bhopal

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 04 Aug 2023

5.0

for Salary and Benefits

Likes

Salary and Benefits only

Salary - Excellent

Dislikes

Zero work life balance. Working culture on holidays, No leaves, Illogical work pressure, Zero breathing space in terms of work. With this work culture never be a world class bank.

Skill development - Bad

+4 more

Collections Manager in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

1.0

• posted on 20 Jun 2024

1.0

for Salary and Benefits

Likes

I don’t like anything about this company expect the fast that you will get your salary on time thats it.

Dislikes

They are asking employee to work 7 days a week and still proud of growth saying that competition is really high you need to work all 7 days. No work life balance You will just be left with money no time to spend it. Abusive seniors mental harassment if you refuse to work on sunday’s

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

Sales Executive in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 13 Sep 2023

1.0

for Salary and Benefits

Likes

Nothing I just only like that they give you the off but in that off they cut the salary also what is the job is this??? So it means I don't like this job, they don't hire you permanently because of if you don't give the targeted thing they will don't give you the salary and they expect ki hum inko itna Business karke de ki jitna Inka bhai karke dede

Dislikes

I don't like to work in this company as employee and already working in this bank as I am very disappointed in this company by seniors saloni bhalla territory manager of sepl and pradeep saluja state head of sepl. I feel discrimination in this company by the seniors and the other staff I am also like them I wanted to fall so I can work at there but I really didn't felt about that.

Salary - Bad

+5 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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IDFC FIRST Bank Debt Manager Salary FAQs

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

The average salary of a Debt Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹3.7 Lakhs to ₹11.7 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Debt Manager in Mumbai at IDFC FIRST Bank earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹11.7 Lakhs per year. Debt Manager 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 20+ IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a Debt Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹52,527 to ₹53,833 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹11.7 Lakhs per year for employees with experience ranging from 1 year to 10 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 20+ 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 Debt Manager at IDFC FIRST Bank in Mumbai?

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

- Management
- Legal
- MIS Reporting
- EMI
- Administration Work

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

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

The salary of a Debt Manager 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	₹4.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindra Bank	₹4.5 Lakhs to ₹6.5 Lakhs per year
Bajaj Finance	₹4.9 Lakhs to ₹7.5 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 Debt Manager at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.7 Lakhs to ₹8.0 Lakhs per year
2 years	₹4.0 Lakhs to ₹12.5 Lakhs per year
3 years	₹5.0 Lakhs to ₹7.2 Lakhs per year
4 years	₹2.8 Lakhs to ₹11.0 Lakhs per year

and so on.

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IDFC FIRST Bank Debt Manager Salaries in Mumbai

IDFC FIRST Bank Debt Manager salary in Mumbai ranges between ₹3.7 Lakhs to ₹11.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.