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IDFC FIRST Bank Software Developer salaries in Mumbai (Updated 2025)

Annual salary range
1 - 5 years exp.
₹14.9 Lakhs - ₹19.8 Lakhs
Salary of majority employees
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Fixed (85%)
₹13.5 Lakhs
Variable (15%)
₹2.5 Lakhs
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76% 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

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IDFC FIRST Bank Software Developer Salary

1 - 5 years exp. (18 salaries)

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₹14.9 L/yr - ₹19.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Software Developer Salary

1 - 10 years exp. (90 salaries)

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₹9.1 L/yr - ₹17 L/yr

arrow icon 28% less
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Axis Bank Software Developer Salary

1 - 5 years exp. (36 salaries)

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₹5.4 L/yr - ₹20 L/yr

arrow icon 28% less
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Kotak Mahindra Bank Software Developer Salary

1 - 6 years exp. (14 salaries)

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₹8.1 L/yr - ₹22 L/yr

arrow icon 10% more
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IndusInd Bank Software Developer Salary

1 - 8 years exp. (8 salaries)

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₹6 L/yr - ₹17 L/yr

arrow icon 38% less
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RBL Bank Software Developer Salary

0 - 7 years exp. (8 salaries)

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₹3.3 L/yr - ₹12 L/yr

arrow icon 50% less
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ICICI Bank Software Developer Salary

1 - 4 years exp. (7 salaries)

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₹8 L/yr - ₹8.3 L/yr

arrow icon 49% less
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IDBI Bank Software Developer Salary

7 - 9 years exp. (3 salaries)

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₹7.5 L/yr - ₹10.5 L/yr

arrow icon 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

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Experience wise IDFC FIRST Bank Software Developer salaries in Mumbai

Last Updated: 18 Feb 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹11.5 L/yr - ₹19.8 L/yr
2 years  (4 salaries)

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₹8 L/yr - ₹19.8 L/yr
3 years  (5 salaries)

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₹6.3 L/yr - ₹28.4 L/yr
4 years  (4 salaries)

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₹6.1 L/yr - ₹27.6 L/yr
5 years (AmbitionBox Estimate)

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₹13.4 L/yr - ₹17.1 L/yr

Similar Designation salaries in IDFC FIRST Bank

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₹3.8 L/yr - ₹11.81 L/yr
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₹8.05 L/yr - ₹30 L/yr
Web Developer Salary
(4 salaries)
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₹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

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

read more

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.

read more
  • Skill development - Bad
  • +4 more

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

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Poor
  • +5 more

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

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

read more
  • 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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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 ₹8.0 Lakhs to ₹8.3 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 salary in Mumbai ranges between ₹14.9 Lakhs to ₹19.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.