IndusInd Bank Mumbai Credit Officer Salaries by 9 Employees

1 - 7 years exp.

₹1.5 Lakh - ₹3.2 Lakhs

Salary of majority employees

37% less than the average Credit Officer Salary in Banking Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 5 - 6 years exp. (3 salaries)	₹2.1 L/yr - ₹2.6 L/yr
Risk Management & Compliance Credit Officer Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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Finance & Accounting Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.2 L/yr

Last Updated: 23 Nov 2024

Companies similar to IndusInd Bank for Credit Officer in Mumbai

IndusInd Bank Credit Officer Salary

1 - 7 years exp. (9 salaries)

₹1.5 L/yr - ₹3.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Credit Officer Salary 0 - 8 years exp. (28 salaries)	₹2.9 L/yr - ₹5 L/yr 62% more
ICICI Bank Credit Officer Salary 0 - 7 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 24% more
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Federal Bank Credit Officer Salary 1 - 3 years exp. (8 salaries)	₹4.7 L/yr - ₹16 L/yr 284% more
Axis Bank Credit Officer Salary 1 - 5 years exp. (8 salaries)	₹2.5 L/yr - ₹5 L/yr 33% more	1 job opening
Yes Bank Credit Officer Salary 2 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 1% more
Bank of Baroda Credit Officer Salary 5 - 12 years exp. (6 salaries)	₹8 L/yr - ₹15 L/yr 411% more
Deutsche Bank Credit Officer Salary 2 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹10.4 L/yr 233% more	2 job openings
Indian Overseas Bank Credit Officer Salary 10 - 12 years exp. (3 salaries)	₹14.5 L/yr - ₹18 L/yr 507% more
IDFC FIRST Bank Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.8 L/yr 8% less
Bank of Maharashtra Credit Officer Salary 10 - 11 years exp. (3 salaries)	₹14.1 L/yr - ₹20 L/yr 486% more

Credit Officer salary at IndusInd Bank ranges between ₹1.5 Lakh to ₹3.2 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 9 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Credit Officer salaries in Mumbai

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

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Similar Designation salaries in IndusInd Bank

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Officer Salary

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₹1.45 L/yr - ₹4 L/yr

Branch Manager Salary

(81 salaries)

₹7.65 L/yr - ₹24.94 L/yr

Credit Analyst Salary

(56 salaries)

₹9.01 L/yr - ₹18.07 L/yr

Credit Manager Salary

(36 salaries)

₹3.6 L/yr - ₹13.93 L/yr

Sales Officer Salary

(14 salaries)

₹1.8 L/yr - ₹3 L/yr

Area Credit Manager Salary

(9 salaries)

₹7 L/yr - ₹16.5 L/yr

Credit Executive Salary

(3 salaries)

₹2.3 L/yr - ₹2.75 L/yr

Salary related reviews for IndusInd Bank

3.3

Rated by 2 employees for salary & benefits

Credit Officer in Hyderabad / Secunderabad

Full Time

Risk Management & Compliance Department

1.0

• posted on 18 Feb 2023

3.0

for Salary and Benefits

Likes

Geting support from our reporting Managers

Job security - Good

Dislikes

IMFSR (Hr Team) Because of IMFSR Hr team getting delay response I have lost 7days woking salary, I have moved from IMFSR rolls to IBL rolls. I have several discussion in phone with IMFSR Hr team same I follwed & I have resigned on31st Oct 2022. IBL Hr team asked me resignation confirmation from IMFSR team. Thy gaved reply on 2nd novmbr gtng delay reply frm IMFSR team, IBL Hr consider as joing on7th Nov22 in IBL rolls. any how Regular am gng to office but I have lost 7days pay. Now gtng to F&F settlement from IMFSR company again they deducted Rs. 14,700/- because of I didn't serve notice period. Already I informed IMFSR Hr they said it's internal moving only 1day notice period enough and as per his Suggestion I resigned on 31st Oct 22 in IMFSR company. I donot want to live My money I have almost served 6years in this company. I have each and every mail. Please do needful to me

Credit Officer in Kashipur

Full Time

Sales & Business Development Department

2.0

• posted on 31 Dec 2021

2.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. company policies are good appraisal are fair and they Give good salary package and Bonus every year

Dislikes

Salary - Poor
Skill development - Poor

+2 more

Credit Officer in Gandhinagar Branch Sector 26 Opp Smart

Ahl Department

5.0

• posted on 24 Oct 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Credit Officer in Rajkot

Customer Success, Service & Operations Department

5.0

• posted on 25 May 2018

5.0

for Salary and Benefits

Likes

All work like about working at indusind bank

Salary - Excellent

+6 more

Dislikes

Compensation is decent,I have work 12-14 hours but over time compensation not paid by company,I handal customer and collection with my work as credit officer

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

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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 Officer Salary FAQs

What is the salary of Credit Officer at IndusInd Bank in Mumbai?

The average salary of a Credit Officer at IndusInd Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.2 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Credit Officer in Mumbai at IndusInd Bank earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Credit Officer 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 9 IndusInd Bank employees in India.

What is the estimated take home salary of a Credit Officer at IndusInd Bank in Mumbai?

The estimated take-home salary of a Credit Officer at IndusInd Bank in Mumbai typically ranges from ₹19,631 to ₹21,300 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from 1 year to 7 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 9 salaries received from various employees of IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Indian Overseas Bank	₹14.5 Lakhs to ₹18.0 Lakhs per year
Bank of Maharashtra	₹14.1 Lakhs to ₹20.0 Lakhs per year
Bank of Baroda	₹8.0 Lakhs to ₹15.0 Lakhs per year
Federal Bank	₹4.7 Lakhs to ₹16.0 Lakhs per year
Deutsche Bank	₹4.6 Lakhs to ₹10.4 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 Officer in companies similar to IndusInd Bank in Mumbai?

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

Ujjivan Small Finance Bank	₹2.9 Lakhs to ₹5.0 Lakhs per year
Axis Bank	₹2.5 Lakhs to ₹5.0 Lakhs per year
ICICI Bank	₹2.5 Lakhs to ₹4.5 Lakhs per year
Yes Bank	₹2.4 Lakhs to ₹3.2 Lakhs per year
IDFC FIRST Bank	₹2.2 Lakhs to ₹2.8 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 Officer at IndusInd Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.1 Lakhs per year

and so on.

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IndusInd Bank Credit Officer Salaries in Mumbai

IndusInd Bank Credit Officer salary in Mumbai ranges between ₹1.5 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 IndusInd Bank latest salaries received from various employees of IndusInd Bank.