IDFC FIRST Bank Underwriter Salaries by 4 Employees (Updated 2024)

1 - 12 years exp.

₹5.3 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

53% more than the average Underwriter Salary in Banking Companies for 1 - 12 years of experience

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Last Updated: 22 Dec 2023

Companies similar to IDFC FIRST Bank for Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Underwriter Salary 1 - 9 years exp. (28 salaries)	₹1.3 L/yr - ₹8.7 L/yr 51% less
ICICI Bank Underwriter Salary 1 - 4 years exp. (4 salaries)	₹2.3 L/yr - ₹9.6 L/yr 37% less
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Axis Bank Underwriter Salary 2 - 5 years exp. (5 salaries)	₹3.8 L/yr - ₹6.3 L/yr 41% less
Kotak Mahindra Bank Underwriter Salary 1 - 6 years exp. (4 salaries)	₹2 L/yr - ₹4.7 L/yr 58% less
Yes Bank Underwriter Salary 2 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹5.1 L/yr 54% less

Underwriter salary at IDFC FIRST Bank ranges between ₹5.3 Lakhs to ₹14 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 4 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Underwriter salaries

Last Updated: 22 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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12 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr

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Salary related reviews for IDFC FIRST Bank

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 10 May 2023

3.0

for Salary and Benefits

Likes

I like work culture and job security, overall it's average, if you are good performer then you will get chance to apply for different role

Dislikes

Promotion/ appraisal and salary not good for people who's internally get promoted

Deputy Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 08 Jan 2023

5.0

for Salary and Benefits

Likes

Only Salary is the best part in IDFC FIRST BANK.

Dislikes

... handle the pressure from their seniors so they put their pressure on employees.Employees only trap in salary part.even in sleep many times you will get dream of working pressure.

Deputy Manager in Salem

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 15 Mar 2023

5.0

for Salary and Benefits

Likes

Best bank Every cross sell and deepening comes under incentive lots of growth opportunities yearly growth salary hike also Good..Best place to Work.

Dislikes

Nothing to say dislike May overcome simplifying in process.

Deputy Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 30 Sep 2022

3.0

for Salary and Benefits

Likes

Salary and the promotion programs

Dislikes

The kind of pressure in the bank that I can not handle. Although some of employees are there very helpful persons. But some of them in the bank are very greedy even they have experience but they use this for their own help. They don't help their colleagues wether he or she is fresher or not. That is not good for the future of the new joiner. That could be changed.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IDFC FIRST Bank Underwriter Salary FAQs

What is the salary of Underwriter at IDFC FIRST Bank?

Underwriter salary at IDFC FIRST Bank in India ranges between ₹5.3 Lakhs to ₹14.0 Lakhs for experience between 1 years to 12 years. According to our estimates it is 53% more than the average Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IDFC FIRST Bank India.

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

The average salary of a Underwriter at IDFC FIRST Bank is 53% more than the average salary of a Underwriter in India. To know exact salary insights, login to view.

What is the salary of a Underwriter in companies similar to IDFC FIRST Bank in India?

ICICI Bank Underwriter Salary - ₹2.3 Lakhs to ₹9.6 Lakhs per year
Axis Bank Underwriter Salary - ₹3.8 Lakhs to ₹6.3 Lakhs per year
HDFC Bank Underwriter Salary - ₹1.3 Lakhs to ₹8.7 Lakhs per year
Yes Bank Underwriter Salary - ₹2.8 Lakhs to ₹5.1 Lakhs per year
Kotak Mahindra Bank Underwriter Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year

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

The estimated take-home salary of a Underwriter at IDFC FIRST Bank ranges between ₹59,957 per month to ₹61,473 per month in India. The take-home salary calculation is based on the average IDFC FIRST Bank Underwriter salary in India which ranges between ₹5.3 Lakhs to ₹14.0 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at IDFC FIRST Bank?

According to AmbitionBox, 100% of the IDFC FIRST Bank Underwriters reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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IDFC FIRST Bank Underwriter Salaries

IDFC FIRST Bank Underwriter salary in India ranges between ₹5.3 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.