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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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IDFC FIRST Bank Software Engineer salaries in Mumbai

Annual salary range
1 - 4 years exp.
₹3.8 Lakhs - ₹11.8 Lakhs
Salary of majority employees
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Fixed (85%)
₹7.4 Lakhs
Variable (15%)
₹1.3 Lakh
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14% more than the average Software Engineer Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
1 - 4 years exp. (9 salaries)
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₹4.1 L/yr - ₹11.8 L/yr

Data Science & Analytics
Software Engineer Salary
1 year exp. (AmbitionBox Estimate)
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₹5.7 L/yr - ₹7.7 L/yr

Last Updated: 9 Feb 2025

Companies similar to IDFC FIRST Bank for Software Engineer in Mumbai

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IDFC FIRST Bank Software Engineer Salary

1 - 4 years exp. (11 salaries)

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₹3.8 L/yr - ₹11.8 L/yr

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

1 - 7 years exp. (53 salaries)

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₹3.7 L/yr - ₹12 L/yr

arrow icon 3% less
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ICICI Bank Software Engineer Salary

2 - 3 years exp. (6 salaries)

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₹3.2 L/yr - ₹9.4 L/yr

arrow icon 5% less
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Axis Bank Software Engineer Salary

0 - 5 years exp. (21 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 24% less
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Kotak Mahindra Bank Software Engineer Salary

3 - 6 years exp. (10 salaries)

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₹4.6 L/yr - ₹18.7 L/yr

arrow icon 30% more
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State Bank of India Software Engineer Salary

2 - 5 years exp. (3 salaries)

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₹6 L/yr - ₹9 L/yr

arrow icon 3% less
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Yes Bank Software Engineer Salary

1 - 4 years exp. (3 salaries)

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₹3.2 L/yr - ₹7 L/yr

arrow icon 40% less
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IndusInd Bank Software Engineer Salary

1 - 3 years exp. (4 salaries)

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₹3.6 L/yr - ₹7.6 L/yr

arrow icon 35% less
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RBL Bank Software Engineer Salary

0 - 4 years exp. (26 salaries)

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₹4.5 L/yr - ₹13 L/yr

arrow icon 17% more
2 job openings
Software Engineer salary at IDFC FIRST Bank ranges between ₹3.8 Lakhs to ₹11.8 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 11 latest salaries received from various employees of IDFC FIRST Bank.

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

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Experience wise IDFC FIRST Bank Software Engineer salaries in Mumbai

Last Updated: 9 Feb 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹5.7 L/yr - ₹11.8 L/yr
2 years  (4 salaries)

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₹4.2 L/yr - ₹11.5 L/yr
3 years  (3 salaries)

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₹3.8 L/yr - ₹15.2 L/yr
4 years (AmbitionBox Estimate)

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₹7 L/yr - ₹14.6 L/yr

Similar Designation salaries in IDFC FIRST Bank

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₹5.75 L/yr - ₹19.75 L/yr
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₹22.24 L/yr - ₹32.85 L/yr

Top skills at IDFC FIRST Bank for Software Engineer

Information Technology Linux Data Structures Automation Database Design Operations Monitoring Unix Distribution System RDBMS Python Workflow Servicing Banking Customer Service

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

 · 

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

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

read more
  • 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

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.

read more
  • Skill development - Bad
  • +4 more
see more salary related reviews

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IDFC FIRST Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at IDFC FIRST Bank Mumbai?
Software Engineer salary at IDFC FIRST Bank in Mumbai ranges between ₹3.8 Lakhs to ₹11.8 Lakhs for experience between 1 years to 4 years. According to our estimates it is 14% more than the average Software Engineer Salary in India. Salary estimates are based on 11 latest salaries received from various employees of IDFC FIRST Bank Mumbai.
How does the salary of a Software Engineer at IDFC FIRST Bank Mumbai compare with the average salary range for this job?
The average salary of a Software Engineer at IDFC FIRST Bank is 14% more than the average salary of a Software Engineer in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Software Engineer at IDFC FIRST Bank?
Information Technology, Linux, Data Structures, Automation and Database Design are some of the popular skills required to work as a Software Engineer at IDFC FIRST Bank Mumbai.
Which similar companies are paying more than IDFC FIRST Bank to a Software Engineer in Mumbai?
  • Kotak Mahindra Bank Software Engineer Salary - ₹4.6 Lakhs to ₹18.7 Lakhs per year
  • RBL Bank Software Engineer Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year
What is the salary of a Software Engineer in companies similar to IDFC FIRST Bank in Mumbai?
  • State Bank of India Software Engineer Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year
  • HDFC Bank Software Engineer Salary - ₹3.7 Lakhs to ₹12.0 Lakhs per year
  • ICICI Bank Software Engineer Salary - ₹3.2 Lakhs to ₹9.4 Lakhs per year
  • Axis Bank Software Engineer Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
  • IndusInd Bank Software Engineer Salary - ₹3.6 Lakhs to ₹7.6 Lakhs per year
What is the estimated take home salary of a Software Engineer at IDFC FIRST Bank in Mumbai?
The estimated take-home salary of a Software Engineer at IDFC FIRST Bank ranges between ₹63,335 per month to ₹64,946 per month in Mumbai. The take-home salary calculation is based on the average IDFC FIRST Bank Software Engineer salary in India which ranges between ₹3.8 Lakhs to ₹11.8 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?
What is the notice period for Software Engineer at IDFC FIRST Bank in Mumbai?
According to AmbitionBox, 57% of the IDFC FIRST Bank Software Engineers in Mumbai reported a notice period of 1 Month, 14% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

IDFC FIRST Bank Software Engineer salary in Mumbai ranges between ₹3.8 Lakhs to ₹11.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.