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

9 - 14 years exp.

₹11.4 Lakhs - ₹12.8 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Senior Manager Procurement Salary in Banking Companies for 9 - 14 years of experience

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Last Updated: 15 Nov 2023

Companies similar to IDFC FIRST Bank for Senior Manager Procurement

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Procurement Salary 20 - 22 years exp. (3 salaries)	₹12 L/yr - ₹18 L/yr 33% more
Axis Bank Senior Manager Procurement Salary 11 - 18 years exp. (4 salaries)	₹6 L/yr - ₹18 L/yr At par
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Kotak Mahindra Bank Senior Manager Procurement Salary 7 - 12 years exp. (6 salaries)	₹6.4 L/yr - ₹18.9 L/yr At par
Reliance Industries Senior Manager Procurement Salary 8 - 17 years exp. (94 salaries)	₹9.8 L/yr - ₹30 L/yr 51% more
Tata Steel Senior Manager Procurement Salary 7 - 15 years exp. (48 salaries)	₹13 L/yr - ₹37 L/yr 88% more

Senior Manager Procurement salary at IDFC FIRST Bank ranges between ₹11.4 Lakhs to ₹12.8 Lakhs per year for employees with experience between 9 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Senior Manager Procurement salaries

Last Updated: 15 Nov 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹11.7 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹21 L/yr
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11 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
12 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹21.8 L/yr
13 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.8 L/yr
14 years (AmbitionBox Estimate)	₹5 L/yr - ₹12.8 L/yr

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Similar Designation salaries in IDFC FIRST Bank

Procurement Head Salary

(4 salaries)

₹60 L/yr - ₹62 L/yr

Purchase Assistant Salary

(4 salaries)

₹2 L/yr - ₹2.4 L/yr

Purchase Executive Salary

(4 salaries)

₹3 L/yr - ₹3.6 L/yr

Dispatch Executive Salary

(3 salaries)

₹0.9 L/yr - ₹1.2 L/yr

Procurement Associate Salary

(3 salaries)

₹3 L/yr - ₹3.7 L/yr

Counsellor Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Store Supervisor Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Store Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Procurement Consultant Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Senior Procurement Specialist Salary

(AmbitionBox Estimate)

₹11.3 L/yr - ₹14.5 L/yr

Salary related reviews for IDFC FIRST Bank

3.0

Rated by 1 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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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IDFC FIRST Bank Senior Manager Procurement Salary FAQs

What is the salary of Senior Manager Procurement at IDFC FIRST Bank?

Senior Manager Procurement salary at IDFC FIRST Bank in India ranges between ₹11.4 Lakhs to ₹12.8 Lakhs for experience between 9 years to 14 years. According to our estimates it is 47% less than the average Senior Manager Procurement Salary in India. Salary estimates are based on 5 latest salaries received from various employees of IDFC FIRST Bank India.

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

The average salary of a Senior Manager Procurement at IDFC FIRST Bank is 47% less than the average salary of a Senior Manager Procurement in India. To know exact salary insights, login to view.

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

Tata Steel Senior Manager Procurement Salary - ₹13.0 Lakhs to ₹37.0 Lakhs per year
Reliance Industries Senior Manager Procurement Salary - ₹9.8 Lakhs to ₹30.0 Lakhs per year
HDFC Bank Senior Manager Procurement Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
Axis Bank Senior Manager Procurement Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year

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

Kotak Mahindra Bank Senior Manager Procurement Salary - ₹6.4 Lakhs to ₹18.9 Lakhs per year

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

The estimated take-home salary of a Senior Manager Procurement at IDFC FIRST Bank ranges between ₹85,442 per month to ₹87,678 per month in India. The take-home salary calculation is based on the average IDFC FIRST Bank Senior Manager Procurement salary in India which ranges between ₹11.4 Lakhs to ₹12.8 Lakhs per year for employees with experience between 9 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the IDFC FIRST Bank Senior Manager Procurements reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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IDFC FIRST Bank Senior Manager Procurement Salaries

IDFC FIRST Bank Senior Manager Procurement salary in India ranges between ₹11.4 Lakhs to ₹12.8 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.