IDFC FIRST Bank Manager M1 Salaries by 40+ Employees (Updated 2025)

4 - 12 years exp.

₹5 Lakhs - ₹9.5 Lakhs

Salary of majority employees

37% less than the average Manager M1 Salary in Banking Companies for 4 - 12 years of experience

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Salaries in different departments

Sales & Business Development Manager M1 Salary 5 - 11 years exp. (13 salaries)	₹5 L/yr - ₹8 L/yr
BFSI, Investments & Trading Manager M1 Salary 5 - 12 years exp. (7 salaries)	₹6 L/yr - ₹8 L/yr
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Customer Success, Service & Operations Manager M1 Salary 6 - 11 years exp. (7 salaries)	₹5.9 L/yr - ₹8.3 L/yr
Finance & Accounting Manager M1 Salary 4 - 10 years exp. (6 salaries)	₹5.5 L/yr - ₹9 L/yr
Marketing & Communication Manager M1 Salary 7 - 9 years exp. (3 salaries)	₹5.2 L/yr - ₹6.6 L/yr

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Last Updated: 19 Feb 2025

Companies similar to IDFC FIRST Bank for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 14 years exp. (148 salaries)	₹5 L/yr - ₹13.3 L/yr 14% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.6k salaries)	₹4.5 L/yr - ₹15 L/yr 42% more
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Axis Bank Manager M1 Salary 5 - 14 years exp. (164 salaries)	₹4.2 L/yr - ₹12 L/yr 8% more
Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (42 salaries)	₹3 L/yr - ₹10 L/yr 19% less
IndusInd Bank Manager M1 Salary 4 - 11 years exp. (44 salaries)	₹3.5 L/yr - ₹8.8 L/yr 11% less
Yes Bank Manager M1 Salary 1 - 13 years exp. (35 salaries)	₹5.5 L/yr - ₹10.1 L/yr 4% more
RBL Bank Manager M1 Salary 4 - 17 years exp. (19 salaries)	₹5.7 L/yr - ₹11.9 L/yr 6% more
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (10 salaries)	₹7.2 L/yr - ₹9.5 L/yr 14% more
IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	₹13.5 L/yr - ₹20 L/yr 144% more
Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹10 L/yr 26% more
Karur Vysya Bank Manager M1 Salary 6 - 12 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr At par
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Jana Small Finance Bank Manager M1 Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹6.5 L/yr 18% less
Ujjivan Small Finance Bank Manager M1 Salary 5 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.2 L/yr 26% less

Manager M1 salary at IDFC FIRST Bank ranges between ₹5 Lakhs to ₹9.5 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 44 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Manager M1 salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8.8 L/yr
5 years (4 salaries)	₹5.5 L/yr - ₹9.5 L/yr
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6 years (9 salaries)	₹5.5 L/yr - ₹7.7 L/yr
7 years (6 salaries)	₹5.2 L/yr - ₹8.5 L/yr
8 years (8 salaries)	₹5.9 L/yr - ₹9 L/yr
9 years (5 salaries)	₹5 L/yr - ₹13.1 L/yr
10 years (5 salaries)	₹5.5 L/yr - ₹9 L/yr
11 years (3 salaries)	₹7 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr

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Similar Designation salaries in IDFC FIRST Bank

Team Manager Salary

(55 salaries)

₹3.97 L/yr - ₹15 L/yr

Area Manager Salary

(26 salaries)

₹5 L/yr - ₹18 L/yr

Store Manager Salary

(4 salaries)

₹6.2 L/yr - ₹10.93 L/yr

Team Lead Salary

(336 salaries)

₹1.3 L/yr - ₹9.78 L/yr

Branch Manager Salary

(626 salaries)

₹6.24 L/yr - ₹26 L/yr

Deputy Manager Salary

(2.4k salaries)

₹2.15 L/yr - ₹9.5 L/yr

Program Manager Salary

(27 salaries)

₹8 L/yr - ₹24 L/yr

Project Manager Salary

(79 salaries)

₹6.57 L/yr - ₹27 L/yr

Cluster Manager Salary

(211 salaries)

₹5.75 L/yr - ₹21 L/yr

Service Manager Salary

(16 salaries)

₹3.5 L/yr - ₹9 L/yr

Salary related reviews for IDFC FIRST Bank

3.9

Rated by 8 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

Project Manager in Mumbai

Full Time

Project & Program Management Department

3.0

• posted on 21 Sep 2023

5.0

for Salary and Benefits

Likes

Provides good salary Work timings is not strictly followed

Salary - Excellent

+3 more

Dislikes

A very hectic culture of getting things done in shortest amount of time HR doesn't have any power of its own due to which managers easily exploit their employees No work life balance. Leaving on time is considered a sin here

Work satisfaction - Poor

+1 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

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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 Manager M1 Salary FAQs

What is the salary of Manager M1 at IDFC FIRST Bank?

Manager M1 salary at IDFC FIRST Bank in India ranges between ₹5.0 Lakhs to ₹9.5 Lakhs for experience between 4 years to 12 years. According to our estimates it is 37% less than the average Manager M1 Salary in India. Salary estimates are based on 44 latest salaries received from various employees of IDFC FIRST Bank India.

How does the salary of a Manager M1 at IDFC FIRST Bank India compare with the average salary range for this job?

The average salary of a Manager M1 at IDFC FIRST Bank is 37% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than IDFC FIRST Bank to a Manager M1 in India?

IDBI Bank Manager M1 Salary - ₹13.5 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
Standard Chartered Manager M1 Salary - ₹6.9 Lakhs to ₹10.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹5.0 Lakhs to ₹13.3 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year

What is the salary of a Manager M1 in companies similar to IDFC FIRST Bank in India?

Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹12.0 Lakhs per year
RBL Bank Manager M1 Salary - ₹5.7 Lakhs to ₹11.9 Lakhs per year
Yes Bank Manager M1 Salary - ₹5.5 Lakhs to ₹10.1 Lakhs per year
Karur Vysya Bank Manager M1 Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year
IndusInd Bank Manager M1 Salary - ₹3.5 Lakhs to ₹8.8 Lakhs per year

What is the estimated take home salary of a Manager M1 at IDFC FIRST Bank in India?

The estimated take-home salary of a Manager M1 at IDFC FIRST Bank ranges between ₹54,275 per month to ₹55,630 per month in India. The take-home salary calculation is based on the average IDFC FIRST Bank Manager M1 salary in India which ranges between ₹5.0 Lakhs to ₹9.5 Lakhs per year for employees with experience between 4 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at IDFC FIRST Bank?

According to AmbitionBox, 79% of the IDFC FIRST Bank Manager M1s reported a notice period of 3 Months, 7% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 57 responses on AmbitionBox in last 2 years.

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IDFC FIRST Bank Manager M1 Salaries

IDFC FIRST Bank Manager M1 salary in India ranges between ₹5 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 44 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.

IDFC FIRST Bank Manager M1 salaries in India (Updated 2025)

Companies similar to IDFC FIRST Bank for Manager M1

Latest annual salaries shared by IDFC FIRST Bank Manager M1

Experience wise IDFC FIRST Bank Manager M1 salaries

Similar Designation salaries in IDFC FIRST Bank

Salary related reviews for IDFC FIRST Bank

Assistant Vice President in Hyderabad / Secunderabad

Branch Manager in Surat

Project Manager in Mumbai

Deputy Manager in Navi Mumbai

Relationship Manager in Chennai

IDFC FIRST Bank Manager M1 Salary FAQs

Tell us how to improve this page.

IDFC FIRST Bank Manager M1 Salaries by Location