IDFC FIRST Bank Mumbai Manager Salaries by 400+ Employees (Updated 2025)

1 - 14 years exp.

₹3.7 Lakhs - ₹13 Lakhs

Salary of majority employees

Fixed (100%)

₹8.7 Lakhs

Variable (0%)

₹0.0

47% less than the average Manager Salary in Banking Companies for 1 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 1 - 14 years exp. (205 salaries)	₹4 L/yr - ₹11.5 L/yr
Customer Success, Service & Operations Manager Salary 1 - 14 years exp. (62 salaries)	₹5.1 L/yr - ₹15 L/yr
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Finance & Accounting Manager Salary 1 - 13 years exp. (52 salaries)	₹4 L/yr - ₹13.5 L/yr
Sales & Business Development Manager Salary 1 - 13 years exp. (31 salaries)	₹3.7 L/yr - ₹10.4 L/yr
Risk Management & Compliance Manager Salary 1 - 14 years exp. (24 salaries)	₹7.3 L/yr - ₹13.1 L/yr

View all

Last Updated: 21 Mar 2025

Companies similar to IDFC FIRST Bank for Manager in Mumbai

IDFC FIRST Bank Manager Salary

1 - 14 years exp. (489 salaries)

₹3.7 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	₹4 L/yr - ₹17.5 L/yr 14% more
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 7% less
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Axis Bank Manager Salary 0 - 18 years exp. (1.7k salaries)	₹5.5 L/yr - ₹17.2 L/yr 18% more
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	₹6 L/yr - ₹22.4 L/yr 45% more
Yes Bank Manager Salary 0 - 17 years exp. (895 salaries)	₹4.3 L/yr - ₹16 L/yr 4% more
IndusInd Bank Manager Salary 0 - 17 years exp. (622 salaries)	₹3.4 L/yr - ₹12 L/yr 12% less
RBL Bank Manager Salary 2 - 16 years exp. (296 salaries)	₹4.2 L/yr - ₹15.7 L/yr 2% more
IDBI Bank Manager Salary 6 - 17 years exp. (183 salaries)	₹9.2 L/yr - ₹29 L/yr 124% more
Standard Chartered Manager Salary 2 - 19 years exp. (133 salaries)	₹7.3 L/yr - ₹28 L/yr 80% more
Canara Bank Manager Salary 4 - 14 years exp. (60 salaries)	₹8.5 L/yr - ₹25 L/yr 96% more

View all

Manager salary at IDFC FIRST Bank ranges between ₹3.7 Lakhs to ₹13 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 489 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Manager salaries in Mumbai

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
1 year (20 salaries)	₹6 L/yr - ₹11 L/yr
2 years (41 salaries)	₹4.5 L/yr - ₹12.5 L/yr
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3 years (39 salaries)	₹4 L/yr - ₹11.5 L/yr
4 years (33 salaries)	₹4.8 L/yr - ₹13 L/yr
5 years (46 salaries)	₹4 L/yr - ₹13 L/yr
6 years (43 salaries)	₹4.8 L/yr - ₹15 L/yr
7 years (49 salaries)	₹3.7 L/yr - ₹15 L/yr
8 years (34 salaries)	₹5.6 L/yr - ₹15 L/yr
9 years (41 salaries)	₹6.1 L/yr - ₹15 L/yr
10 years (54 salaries)	₹4.8 L/yr - ₹13.1 L/yr
11 years (24 salaries)	₹5.1 L/yr - ₹15 L/yr
12 years (29 salaries)	₹5.6 L/yr - ₹11.4 L/yr
13 years (26 salaries)	₹6 L/yr - ₹14.6 L/yr
14 years (10 salaries)	₹6.2 L/yr - ₹12.5 L/yr

View all

From

Manager

₹

Lakhs/yr

1 - 14 years exp.

Vice President

₹

Lakhs/yr

11 - 22 years exp.

Manager

1 - 14 years exp.

Senior Manager

2 - 18 years exp.

72% hike

Chief Manager

5 - 20 years exp.

46% hike

From

View 2 more levels

Manager

1 - 14 years exp.

Assistant Vice President

10 - 21 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.

Similar Designation salaries in IDFC FIRST Bank

Deputy Manager Salary

(597 salaries)

₹3 L/yr - ₹9.5 L/yr

Credit Manager Salary

(212 salaries)

₹3 L/yr - ₹13 L/yr

Senior Associate Salary

(37 salaries)

₹1.95 L/yr - ₹6.29 L/yr

Senior Analyst Salary

(27 salaries)

₹3 L/yr - ₹9 L/yr

Management Trainee Salary

(23 salaries)

₹5 L/yr - ₹15 L/yr

Audit Executive Salary

(15 salaries)

₹10.52 L/yr - ₹19.04 L/yr

Audit Manager Salary

(8 salaries)

₹7.4 L/yr - ₹13.12 L/yr

Financial Analyst Salary

(4 salaries)

₹2.9 L/yr - ₹4 L/yr

Finance Manager Salary

(3 salaries)

₹3.35 L/yr - ₹8.5 L/yr

Top skills at IDFC FIRST Bank for Manager

Banking Retail Banking Management Branch Banking Legal

Salary related reviews for IDFC FIRST Bank

3.6

Rated by 47 employees for salary & benefits

Manager in Mumbai

Full Time

Sales & Business Development Department

3.0

• posted on 04 Aug 2024

4.0

for Salary and Benefits

Likes

Just the initial package that was offered.

Salary - Good

Dislikes

...sistant Manager. Never have I seen any thing like this. Favourism in appraisals. Was hired as Virtual RM on salary slip and without consent or discussion was changed to Customer service executive.

Skill development - Poor

+4 more

Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 Mar 2021

5.0

for Salary and Benefits

Likes

Work culture , management is supportive, job security, good salary

Salary - Excellent

+6 more

Dislikes

There should be more learning and development training sessions for managers , educational programs like six sigma , affiliated institute for further management study. Scope for employee appreciation programs/ contests. There should be offsites for the teams

Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 10 Sep 2023

5.0

for Salary and Benefits

Likes

Good job life and very satisfied about the salary. This is a fastest growing bank . I suggest to everyone please join and part of this growing bank .

Salary - Excellent

+6 more

Dislikes

Nothing all r good I have no negative point to share.. All parameters r good. Really amazing.

Manager in Technopolis

Trade Finance Operations Department

1.0

• posted on 11 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing to specify

Dislikes

Before joining they will offer joining bonus but in provisional offer no where mentioned that you will have to work with IDFC atlist one year if not then you will have to return joining bonus..i would request you to all before joining IDFC ensure that at list u have to work 1year and before accepting offer request to all enquire about Job profile and system because IDFC have manual system which take lot of time and it may affect on your work life balance.

Salary - Bad

+6 more

Manager in Kolkata

BFSI, Investments & Trading Department

4.0

• posted on 27 Sep 2021

3.0

for Salary and Benefits

Likes

Great bank considering the work culture, pay is not that great but a lot of new technology enabled processes make a work a pleasant task.

Job security - Good

+3 more

Dislikes

Improvement required in infrastructure outside Mumbai. A lot of cost cutting done over infrastructure.

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IDFC FIRST Bank Manager Salary FAQs

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

The average salary of a Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹3.7 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 1 year to 14 years).

The top 10% of Manager in Mumbai at IDFC FIRST Bank earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹14.9 Lakhs per year. 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 400+ IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹63,574 to ₹65,192 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 1 year to 14 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 400+ 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 Manager at IDFC FIRST Bank in Mumbai?

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

- Banking
- Retail Banking
- Management
- Branch Banking
- Legal

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

Which companies offer higher salaries than IDFC FIRST Bank for Manager in India?

Emirates NBD	₹14.8 Lakhs to ₹40.0 Lakhs per year
IDBI Bank	₹9.2 Lakhs to ₹29.0 Lakhs per year
Federal Bank	₹9.0 Lakhs to ₹23.0 Lakhs per year
Canara Bank	₹8.5 Lakhs to ₹25.0 Lakhs per year
Standard Chartered	₹7.3 Lakhs to ₹28.0 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 Manager in companies similar to IDFC FIRST Bank in Mumbai?

The salary of a 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:

Union Bank of India	₹7.0 Lakhs to ₹24.0 Lakhs per year
Karur Vysya Bank	₹7.0 Lakhs to ₹20.4 Lakhs per year
Karnataka Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
HSBC Global Banking and Markets	₹11.0 Lakhs to ₹17.2 Lakhs per year
Central Bank of India	₹9.0 Lakhs to ₹18.0 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 at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹11.0 Lakhs per year
2 years	₹4.5 Lakhs to ₹12.5 Lakhs per year
3 years	₹4.0 Lakhs to ₹11.5 Lakhs per year
4 years	₹4.8 Lakhs to ₹13.0 Lakhs per year

and so on.

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IDFC FIRST Bank Manager Salaries in Mumbai

IDFC FIRST Bank Manager salary in Mumbai ranges between ₹3.7 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 489 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.