IDFC FIRST Bank Department Manager Salaries by 5 Employees (Updated 2025)

3 - 5 years exp.

₹3.4 Lakhs - ₹9.8 Lakhs

Low Confidence

Salary of majority employees

13% more than the average Department Manager Salary in Banking Companies for 3 - 5 years of experience

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Last Updated: 16 Feb 2025

Companies similar to IDFC FIRST Bank for Department Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Department Manager Salary 0 - 12 years exp. (31 salaries)	₹3 L/yr - ₹10 L/yr 13% less
HDFC Bank Department Manager Salary 1 - 9 years exp. (28 salaries)	₹3.5 L/yr - ₹10.7 L/yr 5% more
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IndusInd Bank Department Manager Salary 1 - 12 years exp. (14 salaries)	₹3.6 L/yr - ₹4.9 L/yr 29% less
Kotak Mahindra Bank Department Manager Salary 2 - 10 years exp. (11 salaries)	₹2.8 L/yr - ₹4.9 L/yr 30% less
Axis Bank Department Manager Salary 0 - 8 years exp. (10 salaries)	₹4.7 L/yr - ₹9.3 L/yr 2% less
Yes Bank Department Manager Salary 2 - 6 years exp. (6 salaries)	₹4 L/yr - ₹8.3 L/yr 9% less
Standard Chartered Department Manager Salary 2 - 13 years exp. (5 salaries)	₹12 L/yr - ₹18 L/yr 145% more
IDBI Bank Department Manager Salary 0 - 12 years exp. (4 salaries)	₹6.8 L/yr - ₹23 L/yr 152% more
RBL Bank Department Manager Salary 4 - 10 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 88% more
HSBC Global Banking and Markets Department Manager Salary 4 - 14 years exp. (3 salaries)	₹10.3 L/yr - ₹12 L/yr 90% more
Ujjivan Small Finance Bank Department Manager Salary 2 - 8 years exp. (3 salaries)	₹3.4 L/yr - ₹6 L/yr 26% less
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Karur Vysya Bank Department Manager Salary 1 - 9 years exp. (3 salaries)	₹8 L/yr - ₹16 L/yr 86% more

Department Manager salary at IDFC FIRST Bank ranges between ₹3.4 Lakhs to ₹9.8 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Department Manager salaries

Last Updated: 16 Feb 2025

Experience	Avg Annual Salary
3 years (4 salaries)	₹3.4 L/yr - ₹11 L/yr
4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.6 L/yr

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Salary related reviews for IDFC FIRST Bank

5.0

Rated by 3 employees for salary & benefits

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

Sales Executive in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 28 Mar 2023

4.0

for Salary and Benefits

Likes

This is my first job and had great experience working in IDFC FIRST BANK. Got alot to learn and I got chance to built new skills. Work culture is smooth, on every level people guide and support so never felt lack of learning in any point of situation.

Salary - Good

+4 more

Dislikes

There is nothing to hate about IDFC , but no body can ever be satisfied from their salary, but obviously according to me salary offer to me was less as compared to market value my skills and knowledge hold , it's been one year , I am not seeing appraisal scope here , so planning to change my job , After all we all are here to earn and learn .

Promotions - Poor

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

Deputy Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 08 Jan 2023

5.0

for Salary and Benefits

Likes

Only Salary is the best part in IDFC FIRST BANK.

Salary - Excellent

Dislikes

... handle the pressure from their seniors so they put their pressure on employees.Employees only trap in salary part.even in sleep many times you will get dream of working pressure.

Skill development - Bad

+5 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 Department Manager Salary FAQs

What is the salary of Department Manager at IDFC FIRST Bank ?

The average salary of a Department Manager at IDFC FIRST Bank in India typically ranges from ₹3.4 Lakhs to ₹9.8 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Department Manager at IDFC FIRST Bank earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Department 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 5 IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a Department Manager at IDFC FIRST Bank in India typically ranges from ₹45,025 to ₹46,115 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹9.8 Lakhs per year for employees with experience ranging from 3 years to 5 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 5 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 Department Manager in India?

IDBI Bank	₹6.8 Lakhs to ₹23.0 Lakhs per year
Standard Chartered	₹12.0 Lakhs to ₹18.0 Lakhs per year
HSBC Global Banking and Markets	₹10.3 Lakhs to ₹12.0 Lakhs per year
RBL Bank	₹6.5 Lakhs to ₹18.0 Lakhs per year
Karur Vysya Bank	₹8.0 Lakhs to ₹16.0 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 Department Manager in companies similar to IDFC FIRST Bank in India?

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

HDFC Bank	₹3.5 Lakhs to ₹10.7 Lakhs per year
Axis Bank	₹4.7 Lakhs to ₹9.3 Lakhs per year
Yes Bank	₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Bank	₹3.0 Lakhs to ₹10.0 Lakhs per year
Ujjivan Small Finance Bank	₹3.4 Lakhs to ₹6.0 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 Department Manager at IDFC FIRST Bank in India?

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

Experience	Average Salary Range
3 years	₹3.4 Lakhs to ₹11.0 Lakhs per year
4 years	₹5.3 Lakhs to ₹6.8 Lakhs per year
5 years	₹2.2 Lakhs to ₹5.6 Lakhs per year

and so on.

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IDFC FIRST Bank Department Manager Salaries

IDFC FIRST Bank Department Manager salary in India ranges between ₹3.4 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.