IDFC FIRST Bank VRM Salaries by 10+ Employees (Updated 2024)

0 - 12 years exp.

₹4.5 Lakhs - ₹8.3 Lakhs

Salary of majority employees

80% more than the average VRM Salary in Banking Companies for 0 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading VRM Salary 4 - 12 years exp. (4 salaries)	₹6 L/yr - ₹7.3 L/yr
Customer Success, Service & Operations VRM Salary 3 - 6 years exp. (3 salaries)	₹4.5 L/yr - ₹6.7 L/yr
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Procurement & Supply Chain VRM Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.3 L/yr

Last Updated: 5 Dec 2024

Companies similar to IDFC FIRST Bank for VRM

Company name	Avg Annual Salary	Open Jobs
HDFC Bank VRM Salary 0 - 6 years exp. (47 salaries)	₹2.1 L/yr - ₹7 L/yr 38% less
Axis Bank VRM Salary 0 - 8 years exp. (22 salaries)	₹1.6 L/yr - ₹5.3 L/yr 47% less
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Kotak Mahindra Bank VRM Salary 0 - 3 years exp. (25 salaries)	₹2.5 L/yr - ₹4 L/yr 46% less
Yes Bank VRM Salary 0 - 3 years exp. (24 salaries)	₹1.7 L/yr - ₹3.5 L/yr 62% less
IndusInd Bank VRM Salary 1 - 6 years exp. (10 salaries)	₹2 L/yr - ₹5 L/yr 46% less
RBL Bank VRM Salary 1 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 53% less

VRM salary at IDFC FIRST Bank ranges between ₹4.5 Lakhs to ₹8.3 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 11 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank VRM salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5 L/yr - ₹9.6 L/yr
1 year (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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2 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹10.4 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.4 L/yr
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹11 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹11.3 L/yr
7 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.3 L/yr
9 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹8.3 L/yr
11 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.3 L/yr

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Salary related reviews for IDFC FIRST Bank

3.3

Rated by 2 employees for salary & benefits

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

Dislikes

It lags in overall learning and development of talent Support teams are somewhat inefficient

Acquisition Manager in Mumbai

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

Dislikes

Company's Culture is not good, So before joining the retail banking in Idfc First bank think twice .

Teller in Mumbai

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.

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.

Production Engineer in Mumbai

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 08 Nov 2024

3.0

for Salary and Benefits

Likes

Salary structure is good depend on the role.

Dislikes

There is no fixed working hours. Partiality between employees by manager. Recession without any reason. No one listen employee concern. Overall Working culture is terrible.

Senior Relationship Manager in Shivamogga

Full Time

Finance & Accounting Department

5.0

• posted on 08 Nov 2024

5.0

for Salary and Benefits

Likes

On time salary and weekly off. And our products and policy is very simple and and S_. _C APPLICATION to work easily

Dislikes

In our branch we don't have customer meeting room . It's very shameful me when I discussions with customer

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 VRM Salary FAQs

What is the salary of VRM at IDFC FIRST Bank?

VRM salary at IDFC FIRST Bank in India ranges between ₹4.5 Lakhs to ₹8.3 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 80% more than the average VRM Salary in India. Salary estimates are based on 11 latest salaries received from various employees of IDFC FIRST Bank India.

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

The average salary of a VRM at IDFC FIRST Bank is 80% more than the average salary of a VRM in India. To know exact salary insights, login to view.

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

HDFC Bank VRM Salary - ₹2.1 Lakhs to ₹7.0 Lakhs per year
IndusInd Bank VRM Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Bank VRM Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
Axis Bank VRM Salary - ₹1.6 Lakhs to ₹5.3 Lakhs per year
RBL Bank VRM Salary - ₹2.3 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a VRM at IDFC FIRST Bank ranges between ₹47,807 per month to ₹48,939 per month in India. The take-home salary calculation is based on the average IDFC FIRST Bank VRM salary in India which ranges between ₹4.5 Lakhs to ₹8.3 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 62% of the IDFC FIRST Bank VRMs reported a notice period of 3 Months, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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IDFC FIRST Bank VRM Salaries

IDFC FIRST Bank VRM salary in India ranges between ₹4.5 Lakhs to ₹8.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.