IndusInd Bank Indore Credit Manager Salaries by 6 Employees (Updated 2025)

3 - 11 years exp.

₹5.3 Lakhs - ₹13.1 Lakhs

Salary of majority employees

16% more than the average Credit Manager Salary in Banking Companies for 3 - 11 years of experience

Interested in this particular role? 9 job openings

Salaries in different departments

Finance & Accounting Credit Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹12.9 L/yr
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Risk Management & Compliance Credit Manager Salary 5 - 11 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹13.1 L/yr

Last Updated: 19 Feb 2025

Companies similar to IndusInd Bank for Credit Manager in Indore

IndusInd Bank Credit Manager Salary

3 - 11 years exp. (6 salaries)

₹5.3 L/yr - ₹13.1 L/yr

Company name	Avg Annual Salary	Open Jobs
AU Small Finance Bank Credit Manager Salary 0 - 10 years exp. (54 salaries)	₹2.8 L/yr - ₹10.5 L/yr 26% less
IDFC FIRST Bank Credit Manager Salary 1 - 9 years exp. (44 salaries)	₹3.3 L/yr - ₹11 L/yr 8% less
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Bank of Baroda Credit Manager Salary 4 - 9 years exp. (6 salaries)	₹7.8 L/yr - ₹18.1 L/yr 107% more
Jana Small Finance Bank Credit Manager Salary 4 - 11 years exp. (6 salaries)	₹2.6 L/yr - ₹6.7 L/yr 35% less
IDBI Bank Credit Manager Salary 12 - 16 years exp. (4 salaries)	₹18 L/yr - ₹32 L/yr 161% more
Central Bank of India Credit Manager Salary 2 - 5 years exp. (3 salaries)	₹12 L/yr - ₹17 L/yr 83% more

Credit Manager salary at IndusInd Bank ranges between ₹5.3 Lakhs to ₹13.1 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 6 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Credit Manager salaries in Indore

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
4 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
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5 years (3 salaries)	₹5.3 L/yr - ₹13.8 L/yr
6 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
7 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
8 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
9 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.8 L/yr
10 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr

View all

Similar Designation salaries in IndusInd Bank

Branch Manager Salary

(64 salaries)

₹5.7 L/yr - ₹18 L/yr

Chief Manager Salary

(43 salaries)

₹6 L/yr - ₹15.5 L/yr

Sales Manager Salary

(18 salaries)

₹4 L/yr - ₹8.2 L/yr

Credit Analyst Salary

(9 salaries)

₹8.53 L/yr - ₹12.5 L/yr

Area Credit Manager Salary

(6 salaries)

₹9 L/yr - ₹13 L/yr

Credit Officer Salary

(4 salaries)

₹2.3 L/yr - ₹3.6 L/yr

Top skills at IndusInd Bank for Credit Manager

Credit Analysis Credit Management Credit Analysis Ca Chartered Accountant Credit Underwriting Compliance Lending Operations Vehicle Credit Management Underwriting risk Credit Appraisal Finance Home Loans

Salary related reviews for IndusInd Bank

3.0

Rated by 2 employees for salary & benefits

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jan 2025

5.0

for Salary and Benefits

Likes

On time salary

Salary - Excellent

Dislikes

Please don't select this bank. they will not give proper recognition for our work.bank is good but work nature and way for work is totally bad. Backend process is entirely bad to work . opening an account is impossible for all the customers worst online apps. without backend support employees can't work freely. They need business only but don't support for doing business (support means I am telling about backend process).do not encourage employees for doing work. each and every month pip will be issued for every month Target. I don't even see such a bank like this . Don't spoil your life in joining indusind bank.shares also getting down 👎.bad job security.they will not accept the fault on them till your last date.

Skill development - Bad

+5 more

Associate Vice President in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 16 Dec 2024

4.0

for Salary and Benefits

Likes

...corporate. Work life balance, knowledge uplift, work satisfaction are very good. Salary and Appraisal are low when compared to industry. Seniors guide us well.

Salary - Good

+5 more

Dislikes

Salary and Appraisal.

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

Job security, salary on time

Job security - Good

Dislikes

At Opus center, Mumbai, Work culture is very pathetic, the super Manager raises issues which are not even required and are small. Work life balance is poor. Hasim Shaikh is Therki and favour majority female employees. Promotion is poorly done.

Salary - Poor

+3 more

Sales Manager in Surat

Full Time

Sales & Business Development Department

1.0

• posted on 24 Sep 2024

2.0

for Salary and Benefits

Likes

- Salary package good as per market standard.

Dislikes

- Worst Management. - No appreciation for work and achieving targets - Say no every time when trying to apply for leave even if leaves are available and you are informing 2 weeks earlier.

Salary - Poor

+6 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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IndusInd Bank Credit Manager Salary FAQs

What is the salary of Credit Manager at IndusInd Bank in Indore?

The average salary of a Credit Manager at IndusInd Bank in Indore typically ranges from ₹5.3 Lakhs to ₹13.1 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Credit Manager in Indore at IndusInd Bank earn more than ₹13.1 Lakhs per year, and the top 1% earn over ₹13.1 Lakhs per year. Credit Manager Salaries at IndusInd 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 6 IndusInd Bank employees in India.

What is the estimated take home salary of a Credit Manager at IndusInd Bank in Indore?

The estimated take-home salary of a Credit Manager at IndusInd Bank in Indore typically ranges from ₹59,524 to ₹61,027 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹13.1 Lakhs per year for employees with experience ranging from 3 years to 11 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 6 salaries received from various employees of IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Credit Manager at IndusInd Bank in Indore?

To be a Credit Manager at IndusInd Bank in Indore, the key skills required include:

- Credit Analysis
- Credit Management
- Credit Analysis
- Ca
- Chartered Accountant

These skills are highly valued at IndusInd Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IndusInd Bank for Credit Manager in India?

IDBI Bank	₹18.0 Lakhs to ₹32.0 Lakhs per year
Bank of Baroda	₹7.8 Lakhs to ₹18.1 Lakhs per year
Central Bank of India	₹12.0 Lakhs to ₹17.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndusInd Bank, depending on the role and experience level.

What is the salary of a Credit Manager in companies similar to IndusInd Bank in Indore?

The salary of a Credit Manager at companies similar to IndusInd Bank in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹3.3 Lakhs to ₹11.0 Lakhs per year
AU Small Finance Bank	₹2.8 Lakhs to ₹10.5 Lakhs per year
Jana Small Finance Bank	₹2.6 Lakhs to ₹6.7 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 Credit Manager at IndusInd Bank in Indore?

The salary growth for a Credit Manager at IndusInd Bank in Indore depends on factors such as experience, performance, and promotions. On average, a Credit Manager in Indore can expect the following growth trajectory at IndusInd Bank:

Experience	Average Salary Range
3 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
4 years	₹6.7 Lakhs to ₹8.6 Lakhs per year
5 years	₹5.3 Lakhs to ₹13.8 Lakhs per year
6 years	₹7.1 Lakhs to ₹9.0 Lakhs per year

and so on.

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IndusInd Bank Credit Manager Salaries in Indore

IndusInd Bank Credit Manager salary in Indore ranges between ₹5.3 Lakhs to ₹13.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 IndusInd Bank latest salaries received from various employees of IndusInd Bank.