IDFC FIRST Bank Mumbai VRM Salaries by 8 Employees (Updated 2025)

0 - 12 years exp.

₹4.7 Lakhs - ₹7.3 Lakhs

Salary of majority employees

75% 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
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Customer Success, Service & Operations VRM Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.9 L/yr

Last Updated: 4 Jan 2025

Companies similar to IDFC FIRST Bank for VRM in Mumbai

IDFC FIRST Bank VRM Salary

0 - 12 years exp. (8 salaries)

₹4.7 L/yr - ₹7.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Yes Bank VRM Salary 0 - 3 years exp. (8 salaries)	₹2 L/yr - ₹3.1 L/yr 61% less
Kotak Mahindra Bank VRM Salary 0 - 4 years exp. (8 salaries)	₹3.1 L/yr - ₹3.5 L/yr 47% less
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HDFC Bank VRM Salary 4 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹5.8 L/yr 37% less
Axis Bank VRM Salary 3 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 45% less
IndusInd Bank VRM Salary 3 - 5 years exp. (3 salaries)	₹3.2 L/yr - ₹5 L/yr 46% less

VRM salary at IDFC FIRST Bank ranges between ₹4.7 Lakhs to ₹7.3 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 8 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank VRM salaries in Mumbai

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
1 year (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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2 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
3 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr

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Salary related reviews for IDFC FIRST Bank

SAT Executive in Navi Mumbai

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

Salary - Bad

+6 more

Operations Executive in Mumbai

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.

Salary - Poor

+5 more

Assistant Vice President in Hyderabad / Secunderabad

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

Salary - Bad

+6 more

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

Salary - Excellent

+5 more

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

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IDFC FIRST Bank VRM Salary FAQs

What is the salary of VRM at IDFC FIRST Bank in Mumbai?

The average salary of a VRM at IDFC FIRST Bank in Mumbai typically ranges from ₹4.7 Lakhs to ₹7.3 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of VRM in Mumbai at IDFC FIRST Bank earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹7.3 Lakhs per year. VRM 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 8 IDFC FIRST Bank employees in India.

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

The estimated take-home salary of a VRM at IDFC FIRST Bank in Mumbai typically ranges from ₹47,482 to ₹48,606 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹7.3 Lakhs per year for employees with experience ranging from Fresher to 12 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 8 salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a VRM at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹3.2 Lakhs to ₹5.8 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹3.5 Lakhs per year
IndusInd Bank	₹3.2 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Bank	₹3.1 Lakhs to ₹3.5 Lakhs per year
Yes Bank	₹2.0 Lakhs to ₹3.1 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 VRM at IDFC FIRST Bank in Mumbai?

The salary growth for a VRM at IDFC FIRST Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a VRM in Mumbai can expect the following growth trajectory at IDFC FIRST Bank:

Experience	Average Salary Range
Fresher	₹4.8 Lakhs to ₹6.1 Lakhs per year
1 year	₹4.9 Lakhs to ₹6.3 Lakhs per year
2 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
3 years	₹5.2 Lakhs to ₹6.6 Lakhs per year

and so on.

Tell us how to improve this page.

IDFC FIRST Bank VRM salary in Mumbai ranges between ₹4.7 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.