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

Annual salary range
6 - 12 years exp.
₹5.5 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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35% less than the average Manager M1 Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
12 years exp. (AmbitionBox Estimate)
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₹7.3 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Manager M1 Salary
6 years exp. (AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr

Finance & Accounting
Manager M1 Salary
6 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹7.4 L/yr

Risk Management & Compliance
Manager M1 Salary
6 years exp. (AmbitionBox Estimate)
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₹7.5 L/yr - ₹7.7 L/yr

Last Updated: 18 Mar 2025

Companies similar to IDFC FIRST Bank for Manager M1 in Mumbai

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IDFC FIRST Bank Manager M1 Salary

6 - 12 years exp. (6 salaries)

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₹5.5 L/yr - ₹8.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Manager M1 Salary

1 - 17 years exp. (508 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 52% more
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HDFC Bank Manager M1 Salary

6 - 13 years exp. (20 salaries)

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₹6 L/yr - ₹13.3 L/yr

arrow icon 19% more
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Axis Bank Manager M1 Salary

5 - 13 years exp. (18 salaries)

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₹6 L/yr - ₹10.6 L/yr

arrow icon 27% more
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Kotak Mahindra Bank Manager M1 Salary

2 - 12 years exp. (17 salaries)

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₹3.4 L/yr - ₹9 L/yr

arrow icon 10% less
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IndusInd Bank Manager M1 Salary

4 - 10 years exp. (9 salaries)

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₹5.5 L/yr - ₹8.8 L/yr

arrow icon 1% more
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RBL Bank Manager M1 Salary

5 - 15 years exp. (7 salaries)

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₹6.8 L/yr - ₹9.2 L/yr

arrow icon 14% more
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Yes Bank Manager M1 Salary

2 - 10 years exp. (6 salaries)

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₹5.5 L/yr - ₹10.1 L/yr

arrow icon 6% more
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Bandhan Bank Manager M1 Salary

9 - 11 years exp. (3 salaries)

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₹7.2 L/yr - ₹9.5 L/yr

arrow icon 16% more
Manager M1 salary at IDFC FIRST Bank ranges between ₹5.5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Manager M1 in Mumbai

1w ago
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12 years exp.
2mo ago
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6 years exp.
1y ago
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6 years exp.

Experience wise IDFC FIRST Bank Manager M1 salaries in Mumbai

Last Updated: 18 Mar 2025

Experience Avg Annual Salary
6 years  (3 salaries)

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₹5.5 L/yr - ₹7.7 L/yr
7 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹8.5 L/yr
8 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹13 L/yr
10 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
View all

Similar Designation salaries in IDFC FIRST Bank

Deputy Manager Salary
(599 salaries)
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₹3 L/yr - ₹9.5 L/yr
Team Lead Salary
(87 salaries)
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₹2.2 L/yr - ₹11.38 L/yr
Project Manager Salary
(56 salaries)
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₹7 L/yr - ₹25.65 L/yr
Branch Manager Salary
(54 salaries)
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₹8 L/yr - ₹27.6 L/yr
Program Manager Salary
(16 salaries)
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₹9.05 L/yr - ₹24 L/yr
Team Manager Salary
(14 salaries)
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₹5 L/yr - ₹15 L/yr
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₹10.5 L/yr - ₹21 L/yr
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₹3.5 L/yr - ₹6.9 L/yr
Area Manager Salary
(3 salaries)
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₹10.5 L/yr - ₹15.5 L/yr

Salary related reviews for IDFC FIRST Bank

2.0

Rated by 1 employees for salary & benefits

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

read more
  • Salary - Bad
  • +6 more

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

read more
  • Skill development - Bad
  • +4 more

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

read more
  • Work satisfaction - Poor
  • +1 more

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.

read more
  • Skill development - Bad
  • +4 more

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.

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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IDFC FIRST Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at IDFC FIRST Bank in Mumbai?
The average salary of a Manager M1 at IDFC FIRST Bank in Mumbai typically ranges from ₹5.5 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Manager M1 in Mumbai at IDFC FIRST Bank earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Manager M1 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 6 IDFC FIRST Bank employees in India.
What is the estimated take home salary of a Manager M1 at IDFC FIRST Bank in Mumbai?
The estimated take-home salary of a Manager M1 at IDFC FIRST Bank in Mumbai typically ranges from ₹53,670 to ₹55,007 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 6 years to 12 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 6 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 Manager M1 in India?
ICICI Bank ₹4.5 Lakhs to ₹15.0 Lakhs per year
Axis Bank ₹6.0 Lakhs to ₹10.6 Lakhs per year
HDFC Bank ₹6.0 Lakhs to ₹13.3 Lakhs per year
Bandhan Bank ₹7.2 Lakhs to ₹9.5 Lakhs per year
RBL Bank ₹6.8 Lakhs to ₹9.2 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 Manager M1 in companies similar to IDFC FIRST Bank in Mumbai?
The salary of a Manager M1 at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank ₹5.5 Lakhs to ₹10.1 Lakhs per year
IndusInd Bank ₹5.5 Lakhs to ₹8.8 Lakhs per year
Kotak Mahindra Bank ₹3.4 Lakhs to ₹9.0 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 Manager M1 at IDFC FIRST Bank in Mumbai?
The salary growth for a Manager M1 at IDFC FIRST Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at IDFC FIRST Bank:

Experience Average Salary Range
6 years ₹5.5 Lakhs to ₹7.7 Lakhs per year
7 years ₹2.9 Lakhs to ₹8.5 Lakhs per year
8 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
9 years ₹7.2 Lakhs to ₹13.0 Lakhs per year
and so on.

Tell us how to improve this page.

IDFC FIRST Bank Manager M1 salary in Mumbai ranges between ₹5.5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.