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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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IDFC FIRST Bank Vice President Operations salaries in Mumbai (Updated 2025)

Annual salary range
16 - 25 years exp.
₹22 Lakhs - ₹51 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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22% less than the average Vice President Operations Salary in Banking Companies for 16 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Vice President Operations Salary
21 - 25 years exp. (4 salaries)
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₹27.2 L/yr - ₹38.6 L/yr

Customer Success, Service & Operations
Vice President Operations Salary
16 - 21 years exp. (4 salaries)
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₹22 L/yr - ₹32.8 L/yr

Strategic & Top Management
Vice President Operations Salary
20 - 22 years exp. (AmbitionBox Estimate)
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₹34.8 L/yr - ₹51 L/yr

Last Updated: 18 Feb 2025

Companies similar to IDFC FIRST Bank for Vice President Operations in Mumbai

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IDFC FIRST Bank Vice President Operations Salary

16 - 25 years exp. (12 salaries)

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₹22 L/yr - ₹51 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Yes Bank Vice President Operations Salary

11 - 20 years exp. (18 salaries)

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₹13.7 L/yr - ₹27 L/yr

arrow icon 40% less
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Axis Bank Vice President Operations Salary

17 - 22 years exp. (11 salaries)

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₹21 L/yr - ₹50 L/yr

arrow icon 7% more
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HDFC Bank Vice President Operations Salary

16 - 29 years exp. (10 salaries)

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₹27 L/yr - ₹80 L/yr

arrow icon 80% more
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₹31.6 L/yr - ₹46 L/yr

arrow icon 5% less
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₹40.5 L/yr - ₹51.8 L/yr

arrow icon 34% more
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RBL Bank Vice President Operations Salary

17 - 19 years exp. (4 salaries)

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₹24.3 L/yr - ₹40 L/yr

arrow icon 2% less
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IndusInd Bank Vice President Operations Salary

15 - 21 years exp. (3 salaries)

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₹33 L/yr - ₹41 L/yr

arrow icon 7% more
Vice President Operations salary at IDFC FIRST Bank ranges between ₹22 Lakhs to ₹51 Lakhs per year for employees with experience between 16 years to 25 years. Salary estimates are based on 12 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Vice President Operations in Mumbai

1mo ago
₹38.6 Lakhs
25 years exp.
3mo ago
₹31 Lakhs
17 years exp.
10mo ago
₹27.2 Lakhs
24 years exp.
1y ago
₹27.2 Lakhs
23 years exp.
1y ago
₹42 Lakhs
18 years exp.

Experience wise IDFC FIRST Bank Vice President Operations salaries in Mumbai

Last Updated: 18 Feb 2025

Experience Avg Annual Salary
15+ years  (12 salaries)

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₹22 L/yr - ₹51 L/yr

Similar Designation salaries in IDFC FIRST Bank

Project Manager Salary
(56 salaries)
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₹7 L/yr - ₹25.65 L/yr
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₹4 L/yr - ₹11.61 L/yr
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₹28 L/yr - ₹94 L/yr
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₹1.5 L/yr - ₹4.5 L/yr
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₹5.75 L/yr - ₹13.5 L/yr
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₹15 L/yr - ₹29 L/yr
Business Head Salary
(3 salaries)
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₹76.8 L/yr - ₹130 L/yr

Salary related reviews for IDFC FIRST Bank

4.0

Rated by 2 employees for salary & benefits

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

2.0
  •  posted on 21 Nov 2023

5.0
 for  Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

  • Salary - Excellent
  • +1 more

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Project & Program Management Department

3.0
  •  posted on 21 Sep 2023

5.0
 for  Salary and Benefits

Likes

Provides good salary Work timings is not strictly followed

  • Salary - Excellent
  • +3 more

Dislikes

A very hectic culture of getting things done in shortest amount of time HR doesn't have any power of its own due to which managers easily exploit their employees No work life balance. Leaving on time is considered a sin here

read more
  • Work satisfaction - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 28 Aug 2023

4.0
 for  Salary and Benefits

Likes

Salary and perks

  • Salary - Good
  • +1 more

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.

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

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IDFC FIRST Bank Vice President Operations Salary FAQs

What is the salary of Vice President Operations at IDFC FIRST Bank in Mumbai?
The average salary of a Vice President Operations at IDFC FIRST Bank in Mumbai typically ranges from ₹22.0 Lakhs to ₹51.0 Lakhs per year, depending on experience (from 16 years to 25 years).

The top 10% of Vice President Operations in Mumbai at IDFC FIRST Bank earn more than ₹44.7 Lakhs per year, and the top 1% earn over ₹51.0 Lakhs per year. Vice President Operations 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 Vice President Operations at IDFC FIRST Bank in Mumbai?
The estimated take-home salary of a Vice President Operations at IDFC FIRST Bank in Mumbai typically ranges from ₹2,04,272 to ₹2,12,372 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹51.0 Lakhs per year for employees with experience ranging from 16 years to 25 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.
Which companies offer higher salaries than IDFC FIRST Bank for Vice President Operations in India?
HDFC Bank ₹27.0 Lakhs to ₹80.0 Lakhs per year
Utkarsh Small Finance Bank ₹40.5 Lakhs to ₹51.8 Lakhs per year
Axis Bank ₹21.0 Lakhs to ₹50.0 Lakhs per year
IndusInd Bank ₹33.0 Lakhs to ₹41.0 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 Vice President Operations in companies similar to IDFC FIRST Bank in Mumbai?
The salary of a Vice President Operations at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

RBL Bank ₹24.3 Lakhs to ₹40.0 Lakhs per year
Kotak Mahindra Bank ₹31.6 Lakhs to ₹46.0 Lakhs per year
Yes Bank ₹13.7 Lakhs to ₹27.0 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 Vice President Operations at IDFC FIRST Bank in Mumbai?
The salary growth for a Vice President Operations at IDFC FIRST Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Vice President Operations in Mumbai can expect the following growth trajectory at IDFC FIRST Bank:

Experience Average Salary Range
15 years ₹22.0 Lakhs to ₹51.0 Lakhs per year
and so on.

Tell us how to improve this page.

IDFC FIRST Bank Vice President Operations salary in Mumbai ranges between ₹22 Lakhs to ₹51 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.