IDFC FIRST Bank Mumbai Software Developer Salaries by 10+ Employees (Updated 2025)

1 - 5 years exp.

₹14.9 Lakhs - ₹19.8 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

67% more than the average Software Developer Salary in Banking Companies for 1 - 5 years of experience

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Last Updated: 18 Feb 2025

Companies similar to IDFC FIRST Bank for Software Developer in Mumbai

IDFC FIRST Bank Software Developer Salary

1 - 5 years exp. (18 salaries)

₹14.9 L/yr - ₹19.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Developer Salary 1 - 10 years exp. (90 salaries)	₹9.1 L/yr - ₹17 L/yr 28% less
Axis Bank Software Developer Salary 1 - 5 years exp. (36 salaries)	₹5.4 L/yr - ₹20 L/yr 28% less
Login to view exact salary
Kotak Mahindra Bank Software Developer Salary 1 - 5 years exp. (14 salaries)	₹8.1 L/yr - ₹22 L/yr 10% more
IndusInd Bank Software Developer Salary 1 - 8 years exp. (8 salaries)	₹6 L/yr - ₹17 L/yr 38% less
ICICI Bank Software Developer Salary 1 - 4 years exp. (8 salaries)	₹8.6 L/yr - ₹8.7 L/yr 46% less
RBL Bank Software Developer Salary 0 - 7 years exp. (8 salaries)	₹3.3 L/yr - ₹12 L/yr 50% less
IDBI Bank Software Developer Salary 7 - 9 years exp. (3 salaries)	₹7.5 L/yr - ₹10.5 L/yr 52% less

Software Developer salary at IDFC FIRST Bank ranges between ₹14.9 Lakhs to ₹19.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 18 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Software Developer in Mumbai

1mo ago

₹12 Lakhs

3 years exp.

2mo ago

₹8 Lakhs

2 years exp.

3mo ago

₹17.5 Lakhs

2 years exp.

6mo ago

₹12 Lakhs

2 years exp.

8mo ago

₹19.8 Lakhs

2 years exp.

8mo ago

1 year exp.

11mo ago

1 year exp.

1y ago

1 year exp.

1y ago

5 years exp.

Experience wise IDFC FIRST Bank Software Developer salaries in Mumbai

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹11.5 L/yr - ₹19.8 L/yr
2 years (4 salaries)	₹8 L/yr - ₹19.8 L/yr
Login to view exact salary
3 years (5 salaries)	₹6.3 L/yr - ₹28.4 L/yr
4 years (4 salaries)	₹6.1 L/yr - ₹27.6 L/yr
5 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr

Similar Designation salaries in IDFC FIRST Bank

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Salesforce Developer Salary

(8 salaries)

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Web Developer Salary

(4 salaries)

₹9 L/yr - ₹15 L/yr

Top skills at IDFC FIRST Bank for Software Developer

Computer science Information Technology Middleware Architecture J2Ee Web Technologies Performance Monitoring XML SOA UDDI

Salary related reviews for IDFC FIRST Bank

Senior Software Developer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

1.0

• posted on 22 Jul 2024

3.0

for Salary and Benefits

Likes

They offer good compensation to steal good people and then treat them like garbage

Dislikes

Hell , pathetic environment. Worst ever experience. Managers target employees and make their life hell. For every responsibility they warn you on job security. Only *ss lickers can survive ar this company. A constant feeling of stress and pressure. No appreciation , no leaves allowed. Its hell. Even some employees are devil. To protect their job they demean their own team members.

Skill development - Bad

+4 more

SAT Executive in Navi Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 11 Mar 2025

1.0

for Salary and Benefits

Likes

It was a bad decision to work with such bank

Dislikes

... a month of serving my notice period my health was not that good to resume work. Even after submitting medical documents my employer terminated my service and stating that I need to pay the rest of money for the remaining days of my notice period and does not settled my FNF stating it's in negative

Salary - Bad

+6 more

Operations Executive in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Nothing as such. Loans were provided to employees at minimum interest rates

Job security - Good

Dislikes

...because of staff loans, management should work on curtailment of such behaviour. HR is unaware of basic policies, when on boarding they say that bonus would be around 40-50% but at appraisal time everything goes below water. During onboarding clearly mentioned that as per banks policy holidays on weekends, but after joining it's revealed that working is essential on weekends in month ends Such pathetic policies they have.

Salary - Poor

+5 more

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

see more salary related reviews

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What people are saying about IDFC FIRST Bank

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Software Developer Salary FAQs

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

The average salary of a Software Developer at IDFC FIRST Bank in Mumbai typically ranges from ₹14.9 Lakhs to ₹19.8 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Software Developer in Mumbai at IDFC FIRST Bank earn more than ₹19.4 Lakhs per year, and the top 1% earn over ₹19.8 Lakhs per year. Software Developer 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 10+ IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a Software Developer at IDFC FIRST Bank in Mumbai typically ranges from ₹1,09,408 to ₹1,12,434 per month. This is based on the average salary range of ₹14.9 Lakhs to ₹19.8 Lakhs per year for employees with experience ranging from 1 year 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 10+ 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 Software Developer at IDFC FIRST Bank in Mumbai?

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

- Computer science
- Information Technology
- Middleware
- Architecture
- J2Ee

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 Software Developer in India?

Kotak Mahindra Bank

₹8.1 Lakhs to ₹22.0 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 Software Developer in companies similar to IDFC FIRST Bank in Mumbai?

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

Axis Bank	₹5.4 Lakhs to ₹20.0 Lakhs per year
HDFC Bank	₹9.1 Lakhs to ₹17.0 Lakhs per year
IndusInd Bank	₹6.0 Lakhs to ₹17.0 Lakhs per year
ICICI Bank	₹8.6 Lakhs to ₹8.7 Lakhs per year
RBL Bank	₹3.3 Lakhs to ₹12.0 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 Software Developer at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹11.5 Lakhs to ₹19.8 Lakhs per year
2 years	₹8.0 Lakhs to ₹19.8 Lakhs per year
3 years	₹6.3 Lakhs to ₹28.4 Lakhs per year
4 years	₹6.1 Lakhs to ₹27.6 Lakhs per year

and so on.

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IDFC FIRST Bank Software Developer Salaries in Mumbai

IDFC FIRST Bank Software Developer salary in Mumbai ranges between ₹14.9 Lakhs to ₹19.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.