IDFC FIRST Bank IT Associate Salaries by 4 Employees

4 - 5 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

25% less than the average IT Associate Salary in Banking Companies for 4 - 5 years of experience

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Salaries in different departments

Data Science & Analytics IT Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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IT & Information Security IT Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 18 Mar 2024

Companies similar to IDFC FIRST Bank for IT Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank IT Associate Salary 1 - 3 years exp. (4 salaries)	₹3.6 L/yr - ₹5 L/yr 21% more
ICICI Bank IT Associate Salary 1 - 5 years exp. (5 salaries)	₹3.2 L/yr - ₹5.1 L/yr 25% more
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IndusInd Bank IT Associate Salary 1 year exp. (3 salaries)	₹2.3 L/yr - ₹5.6 L/yr 1% more
Bandhan Bank IT Associate Salary 3 - 9 years exp. (5 salaries)	₹2.1 L/yr - ₹3.6 L/yr 27% less
Cinépolis IT Associate Salary 0 - 6 years exp. (167 salaries)	₹1.8 L/yr - ₹4 L/yr 28% less

IT Associate salary at IDFC FIRST Bank ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank IT Associate salaries

Last Updated: 18 Mar 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr

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Salary related reviews for IDFC FIRST Bank

Analyst in Mumbai

BFSI, Investments & Trading Department

3.0

• posted on 16 Nov 2021

3.0

for Salary and Benefits

Likes

The organisation is good, managers are helpful. But compensation is below average. No work from home benefits. Even in 2021 company follows work from office compulsory for back office staff.

Job security - Excellent

+1 more

Dislikes

Compensation below industry average. God knows why bank refuses to hire more people at junior level. The team is filled with senior level people and have like crazy work expectations.

Skill development - Bad

+1 more

Senior Manager Hrbp in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Dec 2024

5.0

for Salary and Benefits

Likes

It has good compensation and promotion policy for internal talent Top Leadership has lot of focus in driving the bank forward

Salary - Excellent

+5 more

Dislikes

It lags in overall learning and development of talent Support teams are somewhat inefficient

Acquisition Manager in Mumbai

Full Time

Sales & Business Development Department

2.0

• posted on 20 Nov 2024

4.0

for Salary and Benefits

Likes

...hat you get after joining the Idfc first bank 1. You get a family mediclaim. 2. You get bonus as you complete 1 year. 3. You get Travel Expense. 4. You get reimbursement of you monthly phone bill

Salary - Good

+1 more

Dislikes

Company's Culture is not good, So before joining the retail banking in Idfc First bank think twice .

Promotions - Poor

+3 more

Teller in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 14 Nov 2024

4.0

for Salary and Benefits

Likes

Only their salary structure is good.

Salary - Good

+1 more

Dislikes

I resigned from this job because there was too much of favoritism specially in their Lower Parel branch. There is this person name Ajeetkumar Pandey (Branch Relationship Manager) who was previously Banker Authoriser is worst. 10 to 12 tellers/ cashier have resigned because of him. He is very smart in terms of office politics. And if people try to complain to the HR then he fulfills the branch's target so HR won't blame or question him. Worst HR and management.

Skill development - Bad

+4 more

Production Engineer in Mumbai

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 08 Nov 2024

3.0

for Salary and Benefits

Likes

Salary structure is good depend on the role.

Dislikes

There is no fixed working hours. Partiality between employees by manager. Recession without any reason. No one listen employee concern. Overall Working culture is terrible.

Skill development - Bad

+5 more

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IDFC FIRST Bank IT Associate Salary FAQs

What is the salary of IT Associate at IDFC FIRST Bank ?

The average salary of a IT Associate at IDFC FIRST Bank in India typically ranges from ₹3.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 4 years to 5 years).

The top 10% of IT Associate at IDFC FIRST Bank earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. IT Associate 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 4 IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a IT Associate at IDFC FIRST Bank in India typically ranges from ₹27,523 to ₹28,924 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 4 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 4 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 IT Associate in India?

ICICI Bank	₹3.2 Lakhs to ₹5.1 Lakhs per year
HDFC Bank	₹3.6 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹2.3 Lakhs to ₹5.6 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 IT Associate in companies similar to IDFC FIRST Bank in India?

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

Bandhan Bank	₹2.1 Lakhs to ₹3.6 Lakhs per year
Cinépolis	₹1.8 Lakhs to ₹4.0 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 IT Associate at IDFC FIRST Bank in India?

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

Experience	Average Salary Range
4 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year

and so on.

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IDFC FIRST Bank IT Associate Salaries

IDFC FIRST Bank IT Associate salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.